TH HEAVY ENGINEERING BERHAD

KLSE (MYR): THHEAVY (7206)

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Last Price

0.01

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


53 people like this.

16,688 comment(s). Last comment by kuttyravi 2022-12-18 16:10

timing

726 posts

Posted by timing > 2015-09-29 17:09 | Report Abuse

buy back at @0.195 :O

Vincent91

152 posts

Posted by Vincent91 > 2015-09-29 18:45 | Report Abuse

we can also say that 4million @ 0.20 is a 'buy"
People direct buy at 0.20.

decentguy

1,089 posts

Posted by decentguy > 2015-09-29 18:56 | Report Abuse

Now at the cross road..if tmr continue downwards then better stay aside and wait...

Vincent91

152 posts

Posted by Vincent91 > 2015-09-29 19:11 | Report Abuse

lolll... I just bought 2000lot ++
Today plunged... So sad...

viper88

1,798 posts

Posted by viper88 > 2015-09-29 19:53 | Report Abuse

RM currency drop to lowest again today.

Some seller exit due to worry tomorrow foreign investor might pull out their 11 billion ringgit (US$2.5 billion) worth of government bonds from Malaysia..

http://klse.i3investor.com/blogs/kianweiaritcles/83592.jsp

Selling is indeed much stronger today, buyer tanking/absorb at 0.195/0.20.
Total transaction abt RM3.07 million, AVG 0.197, Buy 34%

8Fit8

32 posts

Posted by 8Fit8 > 2015-09-29 20:06 | Report Abuse

Can buy if want to buy back. It will move up again soon. Very soon..

maya1301

660 posts

Posted by maya1301 > 2015-09-29 22:28 | Report Abuse

HOPE..HOPE..HOPE it will go up!!!
BuY!!! BuY!!! BuY!!!
Drop buy more..average more..listen to viper88
HeHeHe (",)

richkid

8,140 posts

Posted by richkid > 2015-09-30 09:00 | Report Abuse

When it was going up from 17 sen to 25 sen who said it can break 30 sen? Now it retreat back to 19.5 sen, this is the best time to pick up. Buy cheap sell high. Isn't that what your guru taught in classroom??? hahha.. For me when it went up to 25 sen, I didn't chase lah...I sell. Now it fallen back, I buy lah...what else. Wait for it to go up again and regret not buying? Already said 25 sen is the most important resistant level. Once break it will go above 30 sen. Stay long term. LTH already invested heavily on this counter. No right...no wrong. Just follow the big players. If wrong we just cut loss ...lose a few K only. LTH will lose millions. Really worth a gamble. So I think it is good buy now at 20 sen. With a 5 sen profit potential.

viper88

1,798 posts

Posted by viper88 > 2015-09-30 09:51 | Report Abuse

When market is good/bad, big players will adjust accordingly their positions.
Whether buy low and sell high/ sell high and buy low back... as long can make profit is good.

8Fit8

32 posts

Posted by 8Fit8 > 2015-09-30 10:14 | Report Abuse

Hope it will start go up today.

annmix

1,521 posts

Posted by annmix > 2015-09-30 11:33 | Report Abuse

Selling force still strong, only those with holding power can buy now for profit later

richkid

8,140 posts

Posted by richkid > 2015-09-30 12:15 | Report Abuse

19 sen support. Buy and keep for long term. TP 30 sen.

kahfai211

822 posts

Posted by kahfai211 > 2015-09-30 12:17 | Report Abuse

richkid...how u know LTH holding?can teach me how to see?

Kian Yap

67 posts

Posted by Kian Yap > 2015-09-30 15:05 | Report Abuse

19 sen support again.. TP 25 sen

richkid

8,140 posts

Posted by richkid > 2015-09-30 15:31 | Report Abuse

@kahfai211 Read this. LTH really masuk kuat2. You masuk 100 lots also takut??? Go lah!!! Masuk kaw2 big player already injected heavily in THHeavy.

http://www.thestar.com.my/Business/Business-News/2015/09/11/TH-Heavy-to-pay-dividend-rate-for-ICPSi/?style=biz

On Tuesday, Tabung Haji injected RM275mil into TH Heavy via a rights issue exercise that was overwhelmingly undersubscribed by other investors in the company. Tabung Haji is a substantial shareholder of TH Heavy, with a 29.81% stake.

richkid

8,140 posts

Posted by richkid > 2015-09-30 15:38 | Report Abuse

Give Thheavy a second chance. It might rise back to $1 like Febuary last year.

As it stands now, THHE’s market capitalisation has shrunk to a mere RM235mil from its peak of RM1.1bil in February last year, when its share price hit RM1.03!

http://www.thestar.com.my/Business/Business-News/2015/09/12/Can-THHE-make-it-the-second-time-around/?style=biz

richkid

8,140 posts

Posted by richkid > 2015-09-30 15:40 | Report Abuse

With an orderbook of RM1.66bil, the company has also submitted oil and gas projects bids worth RM881mil while an estimated RM1bil of tenders were being planned for submission.

viper88

1,798 posts

Posted by viper88 > 2015-09-30 16:36 | Report Abuse

29.81% shareholding is as per Dec 2014. Now after RI subscribed at 0.25 total RM275million, TH shareholding easily above 50%

New market capital estimation should be abt "Rm500 milion" but its only priced at 0.20 currently...

RM 235 million - THHEAVY (0.195/0.20)
RM 275 million - THHEAVY-PB (0.25)

Since convertion THHEAVY-PB to THHEAVY is direct 1:1 , any price increase in THHEAVY will automatically increase THHEAVY-PB share value.

TH is the sole subscriber/shareholder for THHEAVY-PB, they just need to make sure/push THHEAVY price goes up so they wont lose money.

By default THHEAVY shares with billion worth project in hand, its should command a good market share price of RM0.50 X 2 (THHEAVY + THHEAVY-PB). Thats why in my earlier post, my personal own long term target for THHEAVY is up to 0.50++

For big players to push from 0.20 to 0.50 its just a matter of time, market sentiment & newsplay... can see how THHEAVY price move from 0.30 till 1.00++ in year 2013-2014.. it will automatically double their share value since THHEAVY PR can convert direct anytime. Just that currently market unstable and they are not those aggresive pusher maybe to avoid UMA etcs..

Oh.. ya.. before recent RI, just proposal only the price at 0.30 can push up till 0.455 within 1 month+ time only.

TH is smart.. they are actually holding shares that worth RM1.. just that they play it slow and steady.

Big player games, small players usually dont last long in their game.

kahfai211

822 posts

Posted by kahfai211 > 2015-09-30 17:06 | Report Abuse

Wow~thx viper88 and richkid for the analyze...so the conclusion is buy and hold right??how long we should hold?

viper88

1,798 posts

Posted by viper88 > 2015-09-30 18:37 | Report Abuse

For those who r not aware what THHEAVY have in its pocket...

FPSO contract abt RM2.9 Billion (not million)

http://subseaworldnews.com/2014/05/16/jx-nippon-hires-deep-producer-1-fpso-for-layang-development-project/

The Award is estimated to have a contractual value of US$372 million (RM1.2 billion) for the primary period (7½ years) with the additional potential of up to US$457 million (RM1.47 billion) should the full extension options be exercised for next (10 years).

==================================================================

FPSO is secure stable profit irrelevant to oil market price. So its confirm profit in hand already for THHEAVY next (7½ years) + potential another(10 years)


Thats's why TH bought all the RI and earlier THHEAVY share was pressed down badly so can accumulate cheap cheap.

kahfai211

822 posts

Posted by kahfai211 > 2015-09-30 18:54 | Report Abuse

what is RI??

viper88

1,798 posts

Posted by viper88 > 2015-09-30 18:57 | Report Abuse

Right issues.

viper88

1,798 posts

Posted by viper88 > 2015-09-30 19:03 | Report Abuse

Alot ppl ran yesterday and today coz worry malaysia bond market collapse will affect KLSE also.. but today U-turn.

https://www.facebook.com/theedgemalaysia/videos/vb.64839963085/10153714194618086/?type=2&theater

somchik

1,235 posts

Posted by somchik > 2015-09-30 19:21 | Report Abuse

the bond market would not collapse, bond mature 11billion rm ..if they cash out and change to USD bodoh le , might as well use the rm to buy cheap stock in malaysia. The best of it is most bond in RM . suppose that xplain the U turn ki ki ki. index going up as a result lol my 2 sen guess.

kenen

423 posts

Posted by kenen > 2015-09-30 19:22 | Report Abuse

Agree with somchik...I oso thought like that

kenen

423 posts

Posted by kenen > 2015-09-30 19:34 | Report Abuse

Another things why klci drop low compare to other country is because ringgit drop...investor will continue buy...because of cheap stock...

somchik

1,235 posts

Posted by somchik > 2015-09-30 20:50 | Report Abuse

remember most bonds subscribe by our institutions, bank , insuran, kwap epf th lat, all these big guns got back their money plus dividen,, now ,, where to park the money.. obviously in stock and shares that are cheap ki ki ki ..more buying to come haw haw so what is 20 billions bonds to be issue by valuecap lets say to purchase shares ... see guys it goes in a circle ,, net results ,, goooood for malaysia economy ma.. ki ki ki just common sense, not like that Raaftfizi talking cock
valuecap using public money all that crap ..mangkok tul la ki ki ki

viper88

1,798 posts

Posted by viper88 > 2015-09-30 21:32 | Report Abuse

Those contra kakis usually ran 1st... later when the sky didnt fall down, they will re-enter back.
http://www.theedgemarkets.com/my/article/malaysian-govt-bond-redemption-foreign-investors-not-concern-says-zeti

somchik

1,235 posts

Posted by somchik > 2015-10-01 10:16 | Report Abuse

wow today is the third day the big kakis squeezing the contras and the weaks and no bullet but wanna plays punters.. out of the race ki ki ki.. soon they will ramp up again.. the velocity would be real freak ki ki ki

viper88

1,798 posts

Posted by viper88 > 2015-10-01 10:51 | Report Abuse

Buying comes strong at 0.20.

somchik

1,235 posts

Posted by somchik > 2015-10-01 10:52 | Report Abuse

aiya baru ckap skit sudah mahu race ka ki ki ki

viper88

1,798 posts

Posted by viper88 > 2015-10-01 11:11 | Report Abuse

somchik: This main player play not aggressive unlike TMS.. can shoot up high 0.05 till 0.16 recently.
Abt 300% up and fast... Mangkuk hayun laa...

Slow moving stock price +/- 0.005-0.01 daily not attractive for trading... if can move 0.03 - 0.10++, more big players will come join in. Market sentiment weak, still the price trading around support lvl 0.195/0.20.

After RI completed but price still below RI offer price.. how to attract other big players to join in if cant at least close gap up high the price above 0.25?

If can break then only will race up faster.. If just depend on retail players... price usually consolidate sideway or go lower.

richkid

8,140 posts

Posted by richkid > 2015-10-01 11:27 | Report Abuse

The buying will come once the selling is finished...Reason the passiveness is to allow sellers to finish selling....looks like 19 sen support is stable now. 19.5 sen queue is slowly building up.. if the 20 sen resistant is finished, we can move higher.

richkid

8,140 posts

Posted by richkid > 2015-10-01 11:30 | Report Abuse

It must move higher than 25 sen to allow more confidence to chase...I think those who sold last time at 25 sen will start to buy back for a 5 sen profit...I remember the buying was ferocious last time. Lets hope 2nd round coming....

julien

100 posts

Posted by julien > 2015-10-01 13:20 | Report Abuse

Hi. I'm a newbie.

Can someone enlighten me what PN17 means? THHeavy used to be Ramunia. Then at 2008 TH became shareholder. But 2010 Ramunia went into PN17..? What does it mean? Shareholders money gone?

So is it safe if I accumulate lots of units now? THHeavy is still making loss. The future is unknown. Is it safe just by knowing LTH hold 30% share on this company?

viper88

1,798 posts

Posted by viper88 > 2015-10-01 13:49 | Report Abuse

Recent sell off due to RM currency sliding, fear of riot rally, bond pull out by foreigners, etcs.. so many bad market sentiments. The big players also ran to cover at support lvl 0.20+/-

Now more stable.. time to come out and push up back.
See 2nd half later if the strong buy continues and break >0.20.

viper88

1,798 posts

Posted by viper88 > 2015-10-01 15:41 | Report Abuse

julien:

Ramunia fell to Pn17 coz its shareholders' fund fell below half of its paid-up capital.
It also mean financially troubled company.

2008 - 2009 that time major recession period.. oil& gas price & share also drop alot..
2010 March - ramunia drop to PN17,

Long story... but u can read.. actually... they tried to avoid pn17 by selling off their
Teluk Ramunia Fabrication Yard to boost up their financial.

http://tobeasuccesstrader.blogspot.de/2009/05/ramuniasime-darby-may-09.html?m=1

http://journaler0203.blogspot.my/2010/03/ramnua-technical-routing-to-pn17-status.html

That time price from abt 0.50+ drop till 0.19, close at 0.205

http://www.thestar.com.my/Story/?file=/2010/3/2/business/5773066&sec=business

2011 Jan.. & Feb
Share price went up till abt 0.75 but later drop back to 0.30++

Acquire Pulau Indah fabrication yard + Regularisation plan exit PN17

http://www.thestar.com.my/Story/?file=%2F2012%2F5%2F24%2Fbusiness%2F11348051

Price stable and wen up 0.40-0. 50+

2012 Oct exit PN17
Share price went up till abt 0.63

======================================================================

Now is a different situation..

Current NTA - 0.33
TH injected new fund RM275million via RI -THHEAVY-PR ( 0.25)
Future profit RM2.9 billion FPSO project (not include in yet for new share valuation)

Set ur own plan if want to invest/trade in THHEAVY..

apanama

3,796 posts

Posted by apanama > 2015-10-01 17:58 | Report Abuse

As long as below 23sen-25sen..its considered a good buy...

mirilang

411 posts

Posted by mirilang > 2015-10-01 18:30 | Report Abuse

have a very bright future,right time to collect more, .

timing

726 posts

Posted by timing > 2015-10-01 18:40 | Report Abuse

volume is back! :D

thradsah

72 posts

Posted by thradsah > 2015-10-01 19:22 | Report Abuse

@viper88 TMS share jump up because they consolidate the number of shares... so while price go up... number of shares reduce... 2 shares become 1...

viper88

1,798 posts

Posted by viper88 > 2015-10-01 20:10 | Report Abuse

THHEAVY new CEO is ex- petronas guy.
http://www.thesundaily.my/news/1548410

Petronas pengerang rapid project coming...
http://wildsingaporenews.blogspot.my/2014/04/malaysia-pengerang-integrated-complex.html#.Vg0ZNMtqs-I

viper88

1,798 posts

Posted by viper88 > 2015-10-01 22:00 | Report Abuse

thradsah: TMS is a welll-known goreng stock last time.. from 0.10 can shoot up to 0.47 in 2-3 day time and plunge down direct back 0.10 and lower.

decentguy

1,089 posts

Posted by decentguy > 2015-10-02 12:19 | Report Abuse

don be too confident on the 0.19 support...beware..

somchik

1,235 posts

Posted by somchik > 2015-10-02 15:22 | Report Abuse

ki ki ki.. next race coming folks .. warming up ...hovid ..ki ki ki

julien

100 posts

Posted by julien > 2015-10-02 16:10 | Report Abuse

Why beware..aii..this stock makes me nervous..i'm still holding

apanama

3,796 posts

Posted by apanama > 2015-10-02 17:11 | Report Abuse

The Energy Summit that will be held in London soon will give a significant impact to crude price..x worry too much..as Gas Producer Country and small oil producer..we will be ok as long as crude oil relatively stable above USD 45-55 even for 2-years...yes import a lot too for crude..however..set off with export gas..and less input cost as we pay in RM for local people and local company..hehehheeh..so ..masih ada untung..saja ja cakap rugi...pasal tak mau byq dividen byk kat gomen..eheheheh..:)

1star

1,052 posts

Posted by 1star > 2015-10-02 18:22 | Report Abuse

apa mau susah......13c also can buy when oil is 30

viper88

1,798 posts

Posted by viper88 > 2015-10-02 22:55 | Report Abuse

Ramunia last time when still in PN17 also can move strongly up from 0.19 (March 2010) till 0.75 (Feb 2011). Ramunia was in my watch list in 2011 when its price start to shoot up with news its going to exit PN17. With projects on hand worth RM208mil only that time and after exit PN17 its price was trading around 0.63.

Now history seems repeat again under THHEAVY with price 0.195 but not under PN17 status and with much bigger contract on hand worth RM2.9 bil.

Last year price drop from RM1 to 0.50 due to warrant expiry & RI proposal + bad rumours,
This year drop due to weak O&G market sentiment from 0.50 drop till 0.29, and rise back till 0.455 with new RI proposal. RI Drop from 0.455 till 0.25, 0.20, 0.18, 0.13..
The price pressed down play was indeed very obvious with small vol transaction and not much support.

Now after RI completed, the vol increased but price still haven't recover back its previous market capital share value.

apanama

3,796 posts

Posted by apanama > 2015-10-03 10:30 | Report Abuse

I don't foresee why crude to be USD 30. Its just Goldman Sachs that well known to manipulate market and to buy below. Hehehe..the worst is over for crude oil at USD 40..in fact it will march now to build a base at USD 50 once its break next level USD 55-60..that's why you will see more accumulation afterwards being build within the oil and gas stocks..other than THHEAVY KNM PERISAI..PANTECH ALSO A GOOD BET..ALL THE BEST

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