TH HEAVY ENGINEERING BERHAD

KLSE (MYR): THHEAVY (7206)

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53 people like this.

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

Posted by NewMoney_8 > 2017-04-20 11:12 | Report Abuse

0.13 very strong volume support.

i_investor

934 posts

Posted by i_investor > 2017-04-20 13:06 | Report Abuse

No doubts. Contracts worth RM740 million were awarded in DIRECT-negotiations to THHeavy by government. Apparently THHEAVY is as good as a stock counter with strong government support !

ding dong

1,870 posts

Posted by ding dong > 2017-04-20 13:33 | Report Abuse

...if i remember it right thheavy has been band by petronas for 2 years due to poor performance on last contrect that they have....n how come now can go for sk320...or may be i have missed alot on thheavy latest update...

i_investor

934 posts

Posted by i_investor > 2017-04-20 14:24 | Report Abuse

Mubadala Petroleum is the operator of Block SK320 ! Further to that, THHEAVY CEO Nusral Danir has tipped not necessary must via Petronas’s tenders!

Notwithstanding the ban, the contracts worth RM740 million were awarded in DIRECT-negotiations to THHeavy by government . Of no different, very obvious it is a game of left-pocket, right-pocket !

Sanofi

576 posts

Posted by Sanofi > 2017-04-21 12:01 | Report Abuse

how come the price cannot up geh ?and still stuck on .13

Sanofi

576 posts

Posted by Sanofi > 2017-04-21 12:03 | Report Abuse

how come the price cannot up geh ?and still stuck on .13

azta12

5,594 posts

Posted by azta12 > 2017-04-21 15:54 | Report Abuse

kutip and kayuh

accurate

165 posts

Posted by accurate > 2017-04-21 16:22 | Report Abuse

collect collect collect. uptrend confirmed

ktlum84

381 posts

Posted by ktlum84 > 2017-04-24 22:06 | Report Abuse

can bound back to 80cent ?

i_investor

934 posts

Posted by i_investor > 2017-04-25 11:44 | Report Abuse

Brooke Dockyard & Engineering and TH Heavy Engineering are said to be in the hunt for a project.

ktlum84

381 posts

Posted by ktlum84 > 2017-04-25 12:49 | Report Abuse

Chances 50/50, is that any new shareholder joining in ? Any news anyone ?

i_investor

934 posts

Posted by i_investor > 2017-04-25 15:32 | Report Abuse

coming.

i_investor

934 posts

Posted by i_investor > 2017-04-25 16:19 | Report Abuse

THHEAVY its largest shareholder is Lembaga Tabung Haji, which has a 29.81% stake. Other notable shareholders include Pelaburan Mara Bhd, which has 4.61%. Contracts worth RM740 million were awarded by government in DIRECT-negotiations to THHeavy recently. The award was engineered to keep THHeavy Engineering afloat. GE14 is around the corner. Apparently, the Pilgrim fund with great responsibility, Lembaga Tabung Haji's THHEAVY as a GLC stock is well taken care of by the government .

ktlum84

381 posts

Posted by ktlum84 > 2017-04-25 17:14 | Report Abuse

Pls take care of us as well!

ktlum84

381 posts

Posted by ktlum84 > 2017-04-27 12:07 | Report Abuse

Share price stagnant ?

i_investor

934 posts

Posted by i_investor > 2017-04-27 13:10 | Report Abuse

THHEAVY style is strong shake with fast press down then only rebound.

ktlum84

381 posts

Posted by ktlum84 > 2017-04-27 22:30 | Report Abuse

Many GLCs received project recently.. today T7!

ktlum84

381 posts

Posted by ktlum84 > 2017-04-27 22:55 | Report Abuse

Notice of Annual General Meeting posted on the Bursa, can anyone explain what means in the Resolution 6?

gelong

1,737 posts

Posted by gelong > 2017-04-28 14:22 | Report Abuse

LELONG, PN17, 5 sen

ktlum84

381 posts

Posted by ktlum84 > 2017-04-28 14:32 | Report Abuse

PN17 triggered!

JoshuaMS7

4,309 posts

Posted by JoshuaMS7 > 2017-04-28 14:34 | Report Abuse

run!!

JoshuaMS7

4,309 posts

Posted by JoshuaMS7 > 2017-04-28 14:41 | Report Abuse

buy volumes so less, game over...

JoshuaMS7

4,309 posts

Posted by JoshuaMS7 > 2017-04-28 14:57 | Report Abuse

buy now?

ktlum84

381 posts

Posted by ktlum84 > 2017-04-28 14:58 | Report Abuse

No hope!

Posted by absolutelk > 2017-04-28 14:59 | Report Abuse

buy.... this counter wont die. election soon

ktlum84

381 posts

Posted by ktlum84 > 2017-04-28 15:03 | Report Abuse

I can't pursude myself to put more money to this useless counter!!!

nn91

73 posts

Posted by nn91 > 2017-04-28 15:06 | Report Abuse

those people still think to buy this counter memang have rambo spirit..lolx

venture

207 posts

Posted by venture > 2017-04-28 15:08 | Report Abuse

Opportunity...buy at low price

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-28 15:09 | Report Abuse

people here all lose one cannot say, lose one have to keep quiet like JJPTR ar?

tirumal

30 posts

Posted by tirumal > 2017-04-28 15:11 | Report Abuse

Will bounce back in no time

berjaya

157 posts

Posted by berjaya > 2017-04-28 15:17 | Report Abuse

Rambo spirit ! ! ! Hahahaha

Posted by ZulBMW8058 > 2017-04-28 15:21 | Report Abuse

pn17

buyabest

145 posts

Posted by buyabest > 2017-04-28 15:25 | Report Abuse

what happen?

jayalbert

1,574 posts

Posted by jayalbert > 2017-04-28 15:31 | Report Abuse

not bottomed out yet. will go down to 7 / 7.5 c in the next few days then can collect

JoshuaMS7

4,309 posts

Posted by JoshuaMS7 > 2017-04-28 15:40 | Report Abuse

@jayalbert noted. waiting for next Tuesday / wednesday

berjaya

157 posts

Posted by berjaya > 2017-04-28 15:43 | Report Abuse

7/7.5 sen collect ? Rambo spirit hahaha
Company fall to PN17 family already , story different pricing also different lo.

jayalbert

1,574 posts

Posted by jayalbert > 2017-04-28 15:44 | Report Abuse

their AGM is 24 may if i m not mistaken. in oct last year, thheavy signed a JV agreement with DESTINI to execute a shipbuilding project to construct & supply 3 units of Offshore Patrol Vessels awarded by the Malaysian Maritime Enforcement Agency (MMEA). this is an election counter, will go no wrong if u have holding power...

jayalbert

1,574 posts

Posted by jayalbert > 2017-04-28 15:49 | Report Abuse

why, company falls in PN17 category it will die already izzit? was in PN17 before also ma.. Ramunia, rings the bell?

buyabest

145 posts

Posted by buyabest > 2017-04-28 15:52 | Report Abuse

fall into pn17 not die. but it wont take short term for the pricing to stabilize. It will dive further, and could only climb back in 2-3 months.

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-28 15:53 | Report Abuse

another perwaja in the making

jayalbert

1,574 posts

Posted by jayalbert > 2017-04-28 15:54 | Report Abuse

@buayabest, that's correct or even longer.. @appollo, i beg to differ, this aint going to b another perwaja, period..

Posted by NewMoney_8 > 2017-04-28 16:02 | Report Abuse

no worry.. mo1 can help..

wjboyz

145 posts

Posted by wjboyz > 2017-04-28 16:06 | Report Abuse

willl fall to 0.05 this counter is phucked...

jayalbert

1,574 posts

Posted by jayalbert > 2017-04-28 16:08 | Report Abuse

your fingers must b badly burnt for u to say that

dinaffin

265 posts

Posted by dinaffin > 2017-04-28 16:18 | Report Abuse

run...dont wait

bagan

754 posts

Posted by bagan > 2017-04-28 16:30 | Report Abuse

this counter ok la...syndi just flushing out hopefuls...remember syndi will make you give up then only they push...

rmsav

31 posts

Posted by rmsav > 2017-04-28 16:32 | Report Abuse

where do we read that the company in under PN17?

jayalbert

1,574 posts

Posted by jayalbert > 2017-04-28 16:36 | Report Abuse

@rmsav; u baca cerita ni.. agak lama dah tapi still relevant..

KUALA LUMPUR — Corporate Malaysia is now eyeing TH Heavy Engineering Bhd (TH Heavy) after fellow oil and gas player Perisai Petroleum Teknologi Bhd became the industry’s first victim of low oil prices.
Perisai fell into PN17 classification for distressed companies subsequent to defaulting on a bond payment, after noteholders voted against an extension of maturity.
TH Heavy, however, has the backing of ultimate parent Tabung Haji as well as bondholders, allowing the company to extend the maturity of its sukuk by one year to Sept 29, 2017.
Nonetheless, the Minority Shareholder Watchdog Group (MSWG) cautioned TH Heavy shareholders to be vigilant of its current financial solvency due to several factors.
“Although creditors have agreed to extend the bond maturity date, the fact that the company had defaulted in the loan repayment of RM170 million does not change. It is uncertain whether TH Heavy would be able to honour the loan repayment within the extended period,” the watchdog noted in its weekly newsletter last Friday.
The group said Petronas has barred TH Heavy’s 70% subsidiary, THHE Fabricators Sdn Bhd, from participating in the national oil company’s future tenders for two years beginning this year2016. Moreover, TH Heavy has been making losses for the last nine quarters.
“TH Heavy has also received 10 winding-up petitions since July 2016 with claims amounting to over RM45 million, and it has failed to raise sufficient funds from its shareholders in the recent fund raising exercise with only 30% subscription over the rights issue of convertible preference shares in September 2015,” MSWG added.

scott88

411 posts

Posted by scott88 > 2017-04-28 16:39 | Report Abuse

hahaha...still keep hope with THHEAVY....
MO1 can help....?
Hahaha...U thinking no problem still can life ,so buy more now lol n keep ... u will become million A...

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