Hint..... Some birds chirping....Alam+THH? But im not 100% sure...but looks reasonable coz Sapura+kencana+ seadrill, MMHE+Technip, all looking forward to single point contact jobs!
your point did really make some sense,sheridansulik but they still need a foreign strategic partner like MHB with technip & samsung and skpetro with seadrill,subsea 7,saipem and many more...
THH is trying to mend its condition as per recent interview by The Edge with Nor Baili, CEO of THH (The Edge Daily dated 21.11.12). Public and fund managers are looking at it for a medium to long term investment. Its Pulau Indah Fabrication yard should enable them to solicit some projects soon. However it needs to work synergy with one or two local or overseas players to go big in aspect of business expansion. Should see a strong support at 49 - 50 cents. Slow and steady uptrend would be seen when it proves to a positive move in its upcoming FR ended Dec'12. Long term wise, it is considered a good buy for both capital appreciation and dividend.
so it will take sometime to reorganize the company structure and regroup the company resource to make it competitive again among the other O&G player...
just hope thh will secure some projects in near future - Fabrication job, HUC, FPSO, RSC.. or maybe EPF buy in... apa saja la.. and make official announcement.. then it has hope... else, hard to sustain lor..
hope thh management will deliver a good show soon.. soonest.. :)
hope thh to announce some positive news in near future to sustain its price at this level, else it may dip further.. for long term, it should be a good counter with ownership by tabung haji
maybe it need something to boost or strength the company track record and share price.... i think the most important is to find a foreign strategic partner to penetrate into the global market....
Critical support 49/50 will decide which direction it will go! Once breakdown than we can say bye bye 60 and welcome 39/40... beware the hidden bear....
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....
pirate99
822 posts
Posted by pirate99 > 2012-11-23 16:32 | Report Abuse
Thanks super-Dan..