I will keep until it got the project. THH should have the highest chance to get a project if not, it will not have any MOU today. I think it will get the project soon.
THH is growth stock with more upside. For a start from PN17 upliftment, now MOU, next getting the big project from Petronas ( hopefully soon). T Haji had invested millions in this stock and Nor Badli had done pretty good by bringing THH to this level. Patience is the key here. Agree to buy and hold with stop loss of 5%?. RSI 54.97, ADX still showing uptrend, Slow stochastic is above 80 ( slightly overbought). Price drop 0.02 (-3.5%) is acceptable ffor me to hold once rebound let profit runs until reach profit of min 20% than I might consider exit partially or whole depending on the momentum and trend.
TH Heavy is like this: when everyone expects it to go up, it moves the other way. And vice versa. So, I wouldn't be surprised if it were to make a belated upswing in the coming days...
Tired of being trapped for so long. I guess I will be first to cabut once reach 0.62 Good luck to those willing to hold this counter. I have no more faith to this thh anymore
Inshallah. Don't worry. Relax hold. Look at other counters also same. New year Celebration mood is building up. Market not so good. after New Year baru engine start. So today I tutup kedai & go for movie - nak tengok wayang Hindustan kalau ada, lagi best...
The Board of Directors of TH Heavy Engineering Berhad ("THHE” or the “Company") is pleased to announce that the Company in consortium with Afcon Infrastructure Ltd, Technip KT India Ltd, has received a Notification of Award from Oil And Natural Gas Corporation Limited (“ONGC”) dated 24 December 2012 for execution of the entire scope of works for HEERA Redevelopment Project ("HRD") Process Platform Project on turnkey basis (“the Contract”) at a total lumpsum price of Euro 14,146,165 plus USD 176, 246,925 plus JPY 2817,233,246 plus INR 3,348,635,183 (EURO Fourteen Million One Hundred Forty Six Thousand One Hundred Sixty Five plus US Dollars One Hundred Seventy Six Million Two Hundred Forty Six Thousand Nine Hundred Twenty Five plus JPY Two Thousand Eight Hundred Seventeen Million Two Hundred Thirty Three Thousand Two Hundred Forty Six plus Indian Rupees Three Hundred Thirty Four Crores Eighty Six Lakhs Thirty Five Thousand One Hundred Eighty Three Only) or collectively, approximately USD289.459 million (US Dollars Two Hundred Eighty Nine Million Four Hundred Fifty Nine Thousand inclusive of all taxes, duties and service tax.
The final contract value is not announced yet. it only mentioned at least RM50mil..
INFORMATION ON THE CONTRACT
Under the Contract, the Company is to undertake the procurement, fabrication and load-out the substructures which form part of the HRD Process Platform Project. The portion of the contract value for the Company is estimated to be at least RM50 million. It is a one-off contract and the scheduled completion date for the contract shall be 20 April 2015.
FINANCIAL EFFECTS
The Contract is expected to contribute positively to the earnings and net assets per share of THHE for the duration of the Contract.
today T3 allocation gonna finish since last friday (suspending period), hopefully it goes up with big players coming, the remaining investors only looking for long-term benefits. go tabung haji, next year naik haji ramai2 jom...
finally.... there is announcement received project.... hehehehe.... turun semalam tarak tambah.... bersyukur dengan apa yang ada.... gogogogo.... beat 62
ahhmadd76 : THH ni kena peram untuk jangka masa panjang, kalau ari-ari tengok trend memang tak senang duduk dibuatnya. THH seperti dalam downtrend mode.
TH Heavy Engineering received a notification of award to work on a project in India Author: value_investor | Publish date: Thu, 27 Dec 10:20 | >> Read article in Blog website
TH Heavy Engineering, in a consortium with Afcon Infrastructure Ltd and Technip KT India Ltd, has received a notification of award from Oil And Gas Corp Ltd to work on the Heera Redevelopment Project process platform project in India on turnkey basis. · Its portion of the US$289.5m contract was estimated to be at least RM50m. The company will undertake the procurement, fabrication and load-out the substructures which form part of the project. (StarBiz)
strong resistance at 63sens, but if break, 1.20 no problem.. these are based on charts.
however, fundamentally, THHE is a strong company, TH backing, expanding, and will be on par with SKPETRO. THHE needs to improve and proof their delivery to the O&G world and with that will increase investors' confidence. Currently, only day traders are leveraging the market, the fund managers not yet involved too much on THHE until they are confident to do so.
Common Mistakes in Trading" (can't remember the name of the author) Four 4-letter words that will kill you! HOPE--WISH--FEAR--PRAY If you ever find yourself doing one or more of the above while in a trade then you are in big trouble! Markets has own system of moving up & down. All the hoping, wishing and praying or being fearful in the world is not going to turn a losing trade into a winning one. When you are wrong just use a simple 4-letter word to correct the situation-GET OUT!
Tabung Haji related counter sure must follow syariah in trx , so no up and down pce so quickly but slow and steady surely ma! hemmm retailers that's make this stock looks hot not fd mgr and shareholders. Maybe in medium term will be fruitful not short term... smiles....
siapa yang tak sabar jual aje le.... kat 55 tu, anak dia kat 33. TUTUP BUKU... remember kalau lepas 56... laju naik.... memang dia nak kasi orang BORING.....
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....
richrich8
248 posts
Posted by richrich8 > 2012-12-24 23:46 | Report Abuse
Added more. If drop, to add more :)