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

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.....

esegaban

1,311 posts

Posted by esegaban > 2012-10-30 22:29 | Report Abuse

Agree with u blekzz9....hope to be as pesona....i corect u bro...jump to 0.50...before drop to 0.25..

raizuddin

3,942 posts

Posted by raizuddin > 2012-10-30 22:29 | Report Abuse

Jgn jual dulu esok.....another good news akan kluar drp THH very soon....win big project from Petronas

sathya

59 posts

Posted by sathya > 2012-10-30 22:29 | Report Abuse

Tomorrow Th will fly..time to gangnam..christmas shopping start tommorrow..so party time..
Enjoy my brothers..geganchis..

ahhmadd76

630 posts

Posted by ahhmadd76 > 2012-10-30 22:40 | Report Abuse

pesona naik 40cents. thheavy rasanya lebih lg. bole sesapa bg tahu pasal limit 30 cents. saya tak fahamla....

anulus81

276 posts

Posted by anulus81 > 2012-10-30 22:44 | Report Abuse

saya rasa limit gap price bile open nnt...contohnya closing td 0.615, so open esok campur limit gap contohnya 10 sen or 20 sen or 30 sen...betul tak?

ahhmadd76

630 posts

Posted by ahhmadd76 > 2012-10-30 22:49 | Report Abuse

maksudnya open gap price tak bileh lebih 30cent. dan boleh kayuh lg kasi naik ke...
dah tak perasan pulak cari thhevy. baju merah dah tanggal la....

esegaban

1,311 posts

Posted by esegaban > 2012-10-30 22:49 | Report Abuse

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...

norhafizal

168 posts

Posted by norhafizal > 2012-10-30 22:51 | Report Abuse

alhamdulillah penantian selama ini telah berakhir.agaknya bpe tp esok ek...

analyst

79 posts

Posted by analyst > 2012-10-30 22:52 | Report Abuse

TH Heavy Engineering - New life, new status

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.

*** TP - RM1.30 (short term)

pirate99

822 posts

Posted by pirate99 > 2012-10-30 22:52 | Report Abuse

Mr analyst, thanks for the appetizer... Kudos to you.. ;)

esegaban

1,311 posts

Posted by esegaban > 2012-10-30 22:54 | Report Abuse

Wow tp is 1.30, mean tomorow will open 1.30 and the price will increasing day by day...

ahhmadd76

630 posts

Posted by ahhmadd76 > 2012-10-30 22:59 | Report Abuse

pesona 10cent open gap 25cent = 150%
pasukhas 12 cent open gap 27cent = 130%

thhevy 61.5cent open gap 1.23 = 100%
hahaha. angan je...

esegaban

1,311 posts

Posted by esegaban > 2012-10-30 23:06 | Report Abuse

Bukan angan2 bro ahhmmad76..

That is the reality of thheavy....hehe...

anulus81

276 posts

Posted by anulus81 > 2012-10-30 23:08 | Report Abuse

ini bukan goreng kaunter...good fundamental stock after corporate restructuring and backbone by lth...

esegaban

1,311 posts

Posted by esegaban > 2012-10-30 23:18 | Report Abuse

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...

esegaban

1,311 posts

Posted by esegaban > 2012-10-30 23:23 | Report Abuse

Thheavy= rimau dah jaga....esk kite tgk dia nak mengaum sekuat mana...of cos akan jd. 1st top volume counter and the volume mayb reach milion lot....

norhafizal

168 posts

Posted by norhafizal > 2012-10-30 23:31 | Report Abuse

adui saket kepala...taktau age bpe nak jual thh...sok thh akan menjdy hulk smpai penutup.amin....

Csl Lim

52 posts

Posted by Csl Lim > 2012-10-30 23:42 | Report Abuse

still able to get it if queue at rm0.62 tmr early morning?

sathya

59 posts

Posted by sathya > 2012-10-30 23:58 | Report Abuse

Opening mesti lompat..trust me..christmas shopping n new year..time to rest..was a good year..

captros

152 posts

Posted by captros > 2012-10-31 00:10 | Report Abuse

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.

Good luck.

esegaban

1,311 posts

Posted by esegaban > 2012-10-31 00:10 | Report Abuse

Gud nite to all thheavyian...sleep well...tomorow is the day...wish luck to all thheavyian...
;)

Csl Lim

52 posts

Posted by Csl Lim > 2012-10-31 00:16 | Report Abuse

Thank you Captros. I appreciated very much your comment. :)

sirzack

237 posts

Posted by sirzack > 2012-10-31 00:36 | Report Abuse

aaaaiisee cannot sleep la 2nite...

Csl Lim

52 posts

Posted by Csl Lim > 2012-10-31 00:38 | Report Abuse

Why cannot sleeep? worry that is reversal of price and it drop further? :-P

sirzack

237 posts

Posted by sirzack > 2012-10-31 01:06 | Report Abuse

csl lim..not about price dropping but about how high it can go 2moro..some say a rise of 0.30 bla..bla..bla.. some say 100%++..he..he..

sathya

59 posts

Posted by sathya > 2012-10-31 01:15 | Report Abuse

Mest cross 1 rm tomm..look at lityan pn 17 after uplift 1.00,this is o n g counter..pasti lompat..epf,khazana all waiting to masuk..

sirzack

237 posts

Posted by sirzack > 2012-10-31 01:19 | Report Abuse

hope so sathya..

sathya

59 posts

Posted by sathya > 2012-10-31 01:24 | Report Abuse

Party has started all night long..time to relax n collect money..shopping time..

buybackma

790 posts

Posted by buybackma > 2012-10-31 01:28 | Report Abuse

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..

sathya

59 posts

Posted by sathya > 2012-10-31 05:10 | Report Abuse

In 4 hours time bursa open..Th will limit up..all the way..same in afternoon session..party started..full mode tommorrow..happy trading..

esegaban

1,311 posts

Posted by esegaban > 2012-10-31 05:20 | Report Abuse

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....

esegaban

1,311 posts

Posted by esegaban > 2012-10-31 05:27 | Report Abuse

The very big sharks will attack today...standby guys....

Posted by tok_janggut > 2012-10-31 05:46 | Report Abuse

limit up only 30 sen so the highest price it can go is 90sen lah

afifi

2,036 posts

Posted by afifi > 2012-10-31 07:37 | Report Abuse

3 year i waiting for this...

sathya

59 posts

Posted by sathya > 2012-10-31 07:58 | Report Abuse

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..

andyteng

457 posts

Posted by andyteng > 2012-10-31 08:01 | Report Abuse

Today can eat abalone

Abudance

2,211 posts

Posted by Abudance > 2012-10-31 08:04 | Report Abuse

Why are u guys so sure will shoot up at least 30 sen???

anulus81

276 posts

Posted by anulus81 > 2012-10-31 08:18 | Report Abuse

depan my monitor dah...heheh...

viperize

56 posts

Posted by viperize > 2012-10-31 08:18 | Report Abuse

analyst : thanks for your info above, it's very useful

ahhmadd76

630 posts

Posted by ahhmadd76 > 2012-10-31 08:23 | Report Abuse

sirzack u sudah ada kat juga ke....

ahhmadd76

630 posts

Posted by ahhmadd76 > 2012-10-31 08:24 | Report Abuse

kat monitor....

nuha

63 posts

Posted by nuha > 2012-10-31 08:25 | Report Abuse

Can buy now?

Posted by bursabulltrader > 2012-10-31 08:26 | Report Abuse

Morning guys, THHEAVY will be bullish... buy buy buy...hope can jack down 1-2cts so I can buy in... :-D

hash

15 posts

Posted by hash > 2012-10-31 08:30 | Report Abuse

kena join jugak nie...

awiiss

25 posts

Posted by awiiss > 2012-10-31 08:32 | Report Abuse

any live update ahhmadd76? buy queues at what prices?

blekzz9

371 posts

Posted by blekzz9 > 2012-10-31 08:34 | Report Abuse

currently is 0.63-0.65

awiiss

25 posts

Posted by awiiss > 2012-10-31 08:38 | Report Abuse

hmm.. no limit up as expected!

captros

152 posts

Posted by captros > 2012-10-31 08:38 | Report Abuse

Initial bidding is not impressive. Waiting for big jaws to come in.

nuha

63 posts

Posted by nuha > 2012-10-31 08:42 | Report Abuse

Can buy now?or wait to stabilize

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