Thheavy wont close down because it will affect government reputation! moreover election is around the corner and this counter will help government print a lot of money to battle in the field. In a business world, it is very common with big fish eat smaller fish, i am very sad for you, but this counter is heavily manipulated.
Good news is around the corner: 1. Negotiation between Yinson still in progress 2. Billing from building vessels These 2 news will bring Thheavy out of PN17!
Personal opinion (I could be wrong), any company backed by TH (Tabung Haji) or PNB/MOF will be supported and help either by the government, GLC ie: Petronas etc., due to low oil price a lot of companies are affected but todays news on court ruling for them to nego. on debt does give them a better position to survive. If you have extra cash and can effort to risk, high risk high return. It is cheap now?
At one time BIMB (owner of Bank Islam) has more liabilities than assets but the major shareholder is Lembaga Tabung Haji, need I tell you what happen next. Either way I personally support the company owned by Tabung Haji.
They received support from it's creditors meeting last Friday with all it's secured creditors supporting the scheme and 94.5% of unsecured creditors backing it. Please do check it out but in the past I did receive mixed review on this counter.
7206 (THHEAVY °) WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR 28-12-2017 07:00:29
WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR TH HEAVY ENGINEERING BERHAD ("THHE" OR "COMPANY")- EXTENSION OF ORDER UNDER SECTIONS 366 AND 368 OF THE COMPANIES ACT 2016 You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.co
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....
Sanofi
576 posts
Posted by Sanofi > 2017-12-17 01:48 | Report Abuse
Thheavy wont close down because it will affect government reputation! moreover election is around the corner and this counter will help government print a lot of money to battle in the field. In a business world, it is very common with big fish eat smaller fish, i am very sad for you, but this counter is heavily manipulated.