So kena esok kena buat TA yg baru.....kena tgk resistance dam suport dia brp....baru boleh tahu nak jual pd harga tertinggi esk......ataupun nak beli pd harga terendah.....
Setahu kawan limit gap adalah 30% kalau naik lebih dr tu kena surat tunjuk sebab(uma la tu) tapi dalam kes th ni takde sebab utk kena uma pasal upliftment dr pn17...just my 2 sen...
INVESTMENT MERIT With its Upliftment of PN17, after two years of being classified as a PN17-status company, TH Heavy Engineering (THHE), or formerly known as Ramunia Holdings, has gone through several corporate exercises to improve its financials. Today, it has turned more profitable and viable.
1. RM210m contracts for 12 months. -In Mar12, it secured a RM23.6m fabrication job from Aquaterra Energy Ltd for the West Desaru Project, which was completed in July12. -3 mths later, it won two sizeable fabrication jobs from Sarawak Shell, totalling RM177.5m, scheduled for deliveries in 2Q13. With this, THHE has an orderbook backlog of c.RM210m, which will support its earnings for the next 12 months.
2. Tabung Haji the majority shareholder. -After corporate restructuring, Tabjung Haji now owns a 32% equity stake in THHE, an increase from 29% previously. This could boost the public confidence in the company for its future growth prospect.
3. Fairly valued. -The upliftment from PN17 status will push its share price to a new historical height. -Currently THHE is financially stronger and more profitable. Thus it positively sees more upside from here. -THHE is likely valued at RM1.30 based on 17x FY13 PER (ex-cash from the rights issue), which is average targeted PER for Oil & Gas stocks.
4. Why recommend to buy: i. Its Strength: Strategic location of its newly acquired 57-acre integrated fabrication yard in Port Klang, with an annual capacity of 10,000 mt. ii. Its Weaknesses of HR. -The co. recognizes its weakness of having expert shortage. Thus, it is employing more expertise to cope its impending contracts for a sustainable profit and project continuation. iii. It has taken an opportunity to a business expansion into lucrative FPSO market by acquiring a FPSO vessel. iv. Its threats are from major players which are likely mitigated by its top management's high rapport with Petronas, Shell and Sime Darby.
Views: Bullish in the S-T & M-T Comments: TH Heavy has just broken above short term ascending triangle. Immediate TP of RM0.70 with the first level of support at RM0.60. Buy on dip down.
BUSINESS SEGMENTS Offshore Structures Fabrications. Core business which focuses on the fabrication of offshore oil and gas facilities, including substructures, platforms and topsides.
HUC & Topside Major Maintenance. It offers offshore topsides modifications, upgrades, shutdowns, repairs and de-commissioning of existing or abandoned platforms. (Both these segments contributed 90% of the group’s 1H12 revenue.)
Offshore Crane Manufacturing. This division is housed under its wholly owned subsidiary, O&G Works Sdn Bhd, and has been granted the license to manufacture offshore and marine crane.
Marine Services. This is a newly ventured business that enables the group to minimise the risk of its dependency on fabrication jobs. The acquisition of RM248.4m of FPSO vessel is part of its strategy to tap into demand for services in marginal oilfield development.
Utk hari rabu khamis n jumaat ni...kena pantau betul2 harga.. Esok 1.30 (upliftment from pn) Lusa 1.60 (anouce new big project) Tulat 1.90 (anounce 2nd new big project) Just my prediction jer...
csl lim, You have to look at what will happen between 8.30 before the trading bell at 9.00am. The buy order at 8.58 or 8.59 will be the final order. That will be the lowest price if after the bell it goes up. Then you will not able to catch the price if it go up too fast. But it may also go down after few minutes, then you had the bought highest price. Best option is to wait until it cool down and the price go for short stabilisation after hour or two. But i think unlikely you will get 0.62.
Analyst..Your above info is really usefull for us to make decisions towards THH in terms of investment strategy. I believe it's share price will increase day by day to catch up other O&G counters that had moved rapidly since early this year. Short term target for me is hovering fr 90c to 1.20 and mid term target is between 1.20 - 1.50 ...gd luck guys..smiles for tomolo ma..
Wake up guys.....today is time to rock.....in d news last nite our government spoke about o n g.....I think Thheavy and government are colaborate each other....Thheavy is upliftment and at the same day, govern talk about gas.....mmmm...there is must be something....therefore I think the ong counter will rise today...for th, of course la...going up higher...more...and more....as I said earlier, mayb th will hit top highest value today...can estimate the value yourself...for me above than 1.20.....market to open in 3 hours and 30 mins....
This counter Pn 17 not like others..it can even go up rm 1..it depends on bursa what criteror they set the 30% limit may be applicable or may not be...so hold ur horses n relax.1 more hour to go for countdown n the clock is ticking.. Gd luck n party on..
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....
esegaban
1,311 posts
Posted by esegaban > 2012-10-30 22:26 | Report Abuse
So kena esok kena buat TA yg baru.....kena tgk resistance dam suport dia brp....baru boleh tahu nak jual pd harga tertinggi esk......ataupun nak beli pd harga terendah.....