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 !
...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...
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 !
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 .
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...
@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.
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...
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3339 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
NewMoney_8
2 posts
Posted by NewMoney_8 > 2017-04-20 11:12 | Report Abuse
0.13 very strong volume support.