THH is too heavy now in deep sea drowning & searching for strong "float" to pull it out. With GE nearing " float" has gone missing cannot be found. Got "bullets" hold. better to sell first during this uncertainty. TA or FA useless as traders NEGATIVE SENTIMENT override everything.
Technip (Paris:TEC) (ISIN:FR0000131708), in a consortium with AFCONS Infrastructure Ltd and TH Heavy Engineering Berhad, was awarded a contract by Oil & Natural Gas Corporation Ltd (ONGC), worth approximately €220 million (Technip share: about €50 million), for the Heera Redevelopment (HRD) process platform project in the Arabian Sea, at approximately 70 kilometers South-West of Mumbai, India.
The scope of work covers the:
* engineering, procurement, fabrication, transportation, installation, hook-up and commissioning of the HRD process platform, * shifting of the existing cable in the seabed, * installation of a new bridge connecting the existing HRC process platform, the strengthening of the existing bridge and the modification on an existing HRC process platform to ensure interconnections between all the process lines and the utilities.
Technip`s operating center in Mumbai, India will execute the overall engineering and procurement of tagged equipment of the project. The topsides will be designed for the float-over installation using the Group`s proprietary Unideck(1) integrated deck installation system with the support of Technip`s operating center in Paris, France. The project is scheduled to be completed in the first semester of 2015.
Samik Mukherjee, Country Manager and Vice President of Technip in India, commented: "We are very proud that ONGC chose our consortium for this important project. Technip is a world leader in float-over operations, for the installation of large topside decks onto fixed or floating platforms. As such, we will utilize our proprietary float-over installation technology for this project. This award is the first offshore project on EPCIC(2) basis for Technip in India. It will also be one of the rare float-over installations in the Indian Ocean."
Good new to THHEAVY is bad news to traders as price keep going south. Will stay away from this counter for awhile unless break 0.50 Meantime makan limau first given by my Chinese friends. To all who celebrate CNY. GONG XI FA CHAI.
really struggling... I support TH when under RM0.20, i saw it slip down from PN17 and also saw it uplift from PN17, I never give up TH but TH give up me :(, THHeavyuser, you are right! Cash is king!
But I believe if TH can do their business without interference from ruler for their depositor, TH is a bright company. And more dividend can be paid. Now dirty hand was used THG depositors money to bail out many failed company. I one time stuck in Carotech a biodiesel/palm oil extraction company. My lucky only very small holding in that counter. TH group keep buying carotech share even though it fall in PN17. Since TH buy, I also buy because TH buy and believe with their action plan. Why TH buying? I didn't see any good reason instead of saving someone that already drowned. Now the counter dead. If not it will become THcarotech I think. I read in a blog express dissatisfaction with THG here : http://mylifeinvest.blogspot.com/2010/03/tabung-haji-in-limelight.html
In this moment of time, me myself don't believe with high premium warrant at low gearing. Hope you can make a good judgement with your holding. Others can advise but it is your money and it should be your decision to make.
mampus la ini caunter, tabunghaji jus announce 8 % dividen to their investor just to the shake of pru 13. this thh counter they dont want to save, ibought at average 60 cent, now goes down to 48 cent. i fill like their cheating us, fall like a rain.
Mallikai to MMHE(MHB),Samarang to Sapura Kencana.Both this are deepwater floating/integrated decks.After this Petronas will be awarding smaller platforms and this is where THH will be benefiting.
There are many more small projects to be awarded by Oil Majors in Malaysia.Fabricators such as TH are normally preferred for these smaller jobs.As such let's be patient and TH's time will come soon.
Oily gassy, THHeavy is a fabricator like KNM. I agree they may get jobs in the future. However, THHeavy lacks the skills and know how. Between this two ,I choose KNM. I m also stuck with THHeavy falling stock price at 57sen
Ho,KNM and TH are in different businesses.KNM only fabricates equipments which forms part of an offshore platform (oil rig),whereas THH fabricates the whole rig like MMHE and KENCANA but only the smaller platforms.TH is building its competent workforce by hiring experienced personnels from its competitors.
Thanks for the clarification between the two. However,THHeavy stock price keep hovering around 48sens. I believe Petronas will reward THHeavy with some contracts. Otherwise, this counter is very dull
Afifi, Glad to see you again..What is Q3? Financial Result? But General Election's date will announce soon... Expire date for WA also will expire on 20 Dec 2014? I worry investor purposely drop down the price again...
Currently TH is bidding Petronas project in Myanmar and Sarawak (Murhy Oil). I always believe it can up again, but THHeavy performance really make people scaring and sweating... You think WA worth to keep?
2 Years is considering long enough for WA? I observe other WA for others counters. Usually the WA stock price is lower than 60-80% after 1-2 years remaining...Anyway, if got people goreng, anything can be happen!
Anything can be happen! Better buy THHeavy mother for keeping, forget about WA. It can bring lots $$ for you but also will make you loss a lot! High Risk High Return, but I prefer low risk, so sell out all "son"...
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....
lekirmanjung
68 posts
Posted by lekirmanjung > 2013-02-04 17:32 | Report Abuse
apa sudah dah jadi dengan ini counter...