No. 9 in most active counter.
RM6.28million AVG at 0.201.

Oil futures price looks +ve.
http://finance.yahoo.com/futures

Need strong rally and big player commitment to push.

0.20 is too cheap compare to other O&G stock.. big player attract other big players and if lucky shark come then it will fly.

somchik: Yes, more to come.

AVG already 0.20, price now 0.205..1st half very strong with rm4.9million.
2nd half ... from 1st half strong movement, the big players is moving towards 0.215 direction.

AVG 0.199...with transaction "BUY" worth RM4million currently.
The players setting strong support at 0.20 already..

Likely Reversal downtrend? I dont think so.

xaxo: U r welcome..

Its moving slowly up.. need to break 0.20 & later 0.215 to see stronger uptrend mode.

AVG keeps going higher 0.1988.

broke above 0.20 already.. Told u dy..

decentguy: Seller queue is there but u have to see the buying AVG price.. i repeat AVG price.
Current AVG price already 0.198 with 85% buying abt rm2.74millon so far. Very strong buying in progress.

Majority "buyer" Ppl pumping in money RM2.75 million.
Can see the the buyer queue and buying value % done so far quite good.

If want to reverse downwards also must have signal/sign ...
Seller queue high but little % selling? Thats not a sign will reverse downwards..

I feel the big players still holding the price want more strong buyer to buy and support before they push further.. they cant just push alone and later price cant hold well and drop back will waste their effort to increase the share value like recent 0.26 price spike.

More +ve newsplay in Oil market.
http://www.cnbc.com/2015/10/06/crude-oil-futures-push-higher-after-range-breakout.html

0.20 look fragile now..i mean the resistance is futile.

This morning already abt RM1.22million transaction done so far AVG at 0.196 with 82% buy.
Still slowly collecting & pushing. Waiting for more big players to join in..

http://www.cnbc.com/2015/10/06/the-crude-oil-chart-looks-a-lot-like-1985-bnp-paribas.html

decentguy: Its actually simple.. if u can see the chart and know where the big players main entry and the price range they are supporting/collecting. Just that sometimes they can just went away and the support buy queue will become much lesser... Just see the AVG and support whether its weak or strong for the daily trades.

Looking good today. Big players pushing up again.
Oil price set to rally further with coming Opec & russia talk.
Big players also dont want to miss the cheap price.

Oil brent price break above 50 usd tonight.

O&G stocks. Lotsa counter to choose from.. if feel worry abt THHEAVY even with billion RM project in hand.

http://www.fundsupermart.com.my/main/research/-View-Buying-Opportunity-in-Malaysian-Oil-and-Gas-Sector-5181

http://www.thestar.com.my/Business/Investing/2014/10/21/CIMB-Research-keeps-oil-and-gas-sector-as-Overweight/?style=biz

11/9/15 is the early strong uptrend rise from 0.185 till 0.22 with high vol.
So 0.185 is the next strong support lvl.

Those short term/contra players just follow Oil market news, and the big players movement... if no pushing, they will switch to other active counters.

Oil market still waiting for new US oil inventory data this week.
http://uk.reuters.com/article/2015/10/06/markets-oil-idUKL3N1260NA20151006

Closing AVG today still 0.1901, just that at closing there are some last minute seller exit at 0.185.
0.185 transaction today only 14.9%, balance majority transaction still at 0.19 & 0.195.

Player play changing hand 0.19/0.195.. if they really want to dump, majority transaction or AVG price will be lower than 0.19. Current selling still flushing the contra/short term players but AVG price still remain same as today and last 6 days.

0.185 transaction done so far today only 5.28%.
Compare that to 0.19 & 0.195 at 75% and 19%.

decentguy: U have to check it transaction detail, dumping is different alot.
If dumping, theres not much buyer buying back and price will continue to go down everyday.
High vol of selling and price keep going lower low.

For collecting/support, when theres selling, theres also buying and price not moving much/ anywhere.. still around 0.19/0.195 where AVG transaction done daily.

Past 6-7 days the price AVG still at 0.19/0.195 coz there buyer buying back.,more like collecting/support and sideway trend.

Current AVG still 0.1906.

decentguy: Dumping is different, price will go down fast.

Since last week tuesday till today ( 7days), eventhough theres selling but theres also strong buying/collecting back at 0.19/0.195 lvl. U can chk the trade history for its AVG trading price for those 6-7 days.

Already in most active counters.

richkid: XOX high risk game.. alot big players entered.

THHEAVY vol transaction still good, seems like same group buy and sell around 0.190/0.195.
buyer collecting at 0.19 & shake off some sellers. Price not moving much yet.

apanama: Rotational play O&G still early stage..most big players still holding back. Only some contra kakis dare 2 try play.. but sangkut want exit fast.

O&G counter banyak yang jatuh masuk SG Klang.. THheavy jatuh paling teruk. TH inject $$$$$ pun still weak. Tak ramai big players join push coz oil market still not confirm will rebound up strong yet.

Later if opec & russia cut production better chance for O&G sector.
Maybe akan masak till melompat-lompat.

Those have money and holding power will buy at cheap price and later sell at $$$$$ but not many have patience 2 wait too long..

Need to move up to 0.215+ to get back into uptrend.

Yup.. good vol transaction selling and buying at 0.190.
More like support and collecting back shares. Not yet pushing up.

Still squeezing/rinse the retailers and contra/short term players.
Selling pressure still on-going around 0.19+/-

Not much newsplay yet for THHEAVY but oil sector should be +ve soon.

http://www.cnbc.com/2015/10/04/us-crude-edges-above-4550-on-russia-overtures-us-rig-count.html

Dialog is a strong stock but its price already move quite high earlier and closing up to 1.70 - 1.80.
Same goes to Perdana Petroleum, their price very resistance to market shake-off and rebound up fast.

I prefer go for cheap stock that still havent move up much yet.

Ramunia last time when still in PN17 also can move strongly up from 0.19 (March 2010) till 0.75 (Feb 2011). Ramunia was in my watch list in 2011 when its price start to shoot up with news its going to exit PN17. With projects on hand worth RM208mil only that time and after exit PN17 its price was trading around 0.63.

Now history seems repeat again under THHEAVY with price 0.195 but not under PN17 status and with much bigger contract on hand worth RM2.9 bil.

Last year price drop from RM1 to 0.50 due to warrant expiry & RI proposal + bad rumours,
This year drop due to weak O&G market sentiment from 0.50 drop till 0.29, and rise back till 0.455 with new RI proposal. RI Drop from 0.455 till 0.25, 0.20, 0.18, 0.13..
The price pressed down play was indeed very obvious with small vol transaction and not much support.

Now after RI completed, the vol increased but price still haven't recover back its previous market capital share value.

thradsah: TMS is a welll-known goreng stock last time.. from 0.10 can shoot up to 0.47 in 2-3 day time and plunge down direct back 0.10 and lower.

THHEAVY new CEO is ex- petronas guy.
http://www.thesundaily.my/news/1548410

Petronas pengerang rapid project coming...
http://wildsingaporenews.blogspot.my/2014/04/malaysia-pengerang-integrated-complex.html#.Vg0ZNMtqs-I

julien:

Ramunia fell to Pn17 coz its shareholders' fund fell below half of its paid-up capital.
It also mean financially troubled company.

2008 - 2009 that time major recession period.. oil& gas price & share also drop alot..
2010 March - ramunia drop to PN17,

Long story... but u can read.. actually... they tried to avoid pn17 by selling off their
Teluk Ramunia Fabrication Yard to boost up their financial.

http://tobeasuccesstrader.blogspot.de/2009/05/ramuniasime-darby-may-09.html?m=1

http://journaler0203.blogspot.my/2010/03/ramnua-technical-routing-to-pn17-status.html

That time price from abt 0.50+ drop till 0.19, close at 0.205

http://www.thestar.com.my/Story/?file=/2010/3/2/business/5773066&sec=business

2011 Jan.. & Feb
Share price went up till abt 0.75 but later drop back to 0.30++

Acquire Pulau Indah fabrication yard + Regularisation plan exit PN17

http://www.thestar.com.my/Story/?file=%2F2012%2F5%2F24%2Fbusiness%2F11348051

Price stable and wen up 0.40-0. 50+

2012 Oct exit PN17
Share price went up till abt 0.63

======================================================================

Now is a different situation..

Current NTA - 0.33
TH injected new fund RM275million via RI -THHEAVY-PR ( 0.25)
Future profit RM2.9 billion FPSO project (not include in yet for new share valuation)

Set ur own plan if want to invest/trade in THHEAVY..

Recent sell off due to RM currency sliding, fear of riot rally, bond pull out by foreigners, etcs.. so many bad market sentiments. The big players also ran to cover at support lvl 0.20+/-

Now more stable.. time to come out and push up back.
See 2nd half later if the strong buy continues and break >0.20.

somchik: This main player play not aggressive unlike TMS.. can shoot up high 0.05 till 0.16 recently.
Abt 300% up and fast... Mangkuk hayun laa...

Slow moving stock price +/- 0.005-0.01 daily not attractive for trading... if can move 0.03 - 0.10++, more big players will come join in. Market sentiment weak, still the price trading around support lvl 0.195/0.20.

After RI completed but price still below RI offer price.. how to attract other big players to join in if cant at least close gap up high the price above 0.25?

If can break then only will race up faster.. If just depend on retail players... price usually consolidate sideway or go lower.

Buying comes strong at 0.20.

Those contra kakis usually ran 1st... later when the sky didnt fall down, they will re-enter back.
http://www.theedgemarkets.com/my/article/malaysian-govt-bond-redemption-foreign-investors-not-concern-says-zeti

Alot ppl ran yesterday and today coz worry malaysia bond market collapse will affect KLSE also.. but today U-turn.

https://www.facebook.com/theedgemalaysia/videos/vb.64839963085/10153714194618086/?type=2&theater

Right issues.

For those who r not aware what THHEAVY have in its pocket...

FPSO contract abt RM2.9 Billion (not million)

http://subseaworldnews.com/2014/05/16/jx-nippon-hires-deep-producer-1-fpso-for-layang-development-project/

The Award is estimated to have a contractual value of US$372 million (RM1.2 billion) for the primary period (7½ years) with the additional potential of up to US$457 million (RM1.47 billion) should the full extension options be exercised for next (10 years).

==================================================================

FPSO is secure stable profit irrelevant to oil market price. So its confirm profit in hand already for THHEAVY next (7½ years) + potential another(10 years)


Thats's why TH bought all the RI and earlier THHEAVY share was pressed down badly so can accumulate cheap cheap.

29.81% shareholding is as per Dec 2014. Now after RI subscribed at 0.25 total RM275million, TH shareholding easily above 50%

New market capital estimation should be abt "Rm500 milion" but its only priced at 0.20 currently...

RM 235 million - THHEAVY (0.195/0.20)
RM 275 million - THHEAVY-PB (0.25)

Since convertion THHEAVY-PB to THHEAVY is direct 1:1 , any price increase in THHEAVY will automatically increase THHEAVY-PB share value.

TH is the sole subscriber/shareholder for THHEAVY-PB, they just need to make sure/push THHEAVY price goes up so they wont lose money.

By default THHEAVY shares with billion worth project in hand, its should command a good market share price of RM0.50 X 2 (THHEAVY + THHEAVY-PB). Thats why in my earlier post, my personal own long term target for THHEAVY is up to 0.50++

For big players to push from 0.20 to 0.50 its just a matter of time, market sentiment & newsplay... can see how THHEAVY price move from 0.30 till 1.00++ in year 2013-2014.. it will automatically double their share value since THHEAVY PR can convert direct anytime. Just that currently market unstable and they are not those aggresive pusher maybe to avoid UMA etcs..

Oh.. ya.. before recent RI, just proposal only the price at 0.30 can push up till 0.455 within 1 month+ time only.

TH is smart.. they are actually holding shares that worth RM1.. just that they play it slow and steady.

Big player games, small players usually dont last long in their game.

When market is good/bad, big players will adjust accordingly their positions.
Whether buy low and sell high/ sell high and buy low back... as long can make profit is good.

RM currency drop to lowest again today.

Some seller exit due to worry tomorrow foreign investor might pull out their 11 billion ringgit (US$2.5 billion) worth of government bonds from Malaysia..

http://klse.i3investor.com/blogs/kianweiaritcles/83592.jsp

Selling is indeed much stronger today, buyer tanking/absorb at 0.195/0.20.
Total transaction abt RM3.07 million, AVG 0.197, Buy 34%

Acid test for the big players.
Last time they flushed down alot Warrant players & small retail players from
0.60, 0.50, 0.45, 0.35, 0.30, 0.25, 0.20.

Now they r holding more shares in hand + THHEAVY-PB shares after RI completed.
if continue sell down 0.20+/- they r basically flushing down their own shares money value.
Need 2 support it as well so it wont drop 2 low.

Current support at 0.195/0.20.

Alvin Hong: Dpd on your own investment plan and risk type.

Some just buy in stages to avg down their price.
Some might prefer to exit when market is weak and re-enter back when its more stable
Some just do nothing.

As for me.. i'm still holding and plan 2 buy in stages if have extra fund.
My recent entry was 0.175 previously sold and buy back 0.235/0.23/ 0.22/0.215/0.21 with more units.

Seller exit, new buyer enter at cheaper entry price. Buying at 61% so far AVG at 0.20.
Those with holding power and confident with THHEAVY prospect still accumulating more.

Those contra players exit. Selling absorb by buyers at lower price AVG 0.206.
Total transaction so far abt RM1.8million closing at 0.21/0.205.

Alvin Hong: Market sentiment weak due to our RM currency sliding.
http://klse.i3investor.com/servlets/fdnews/227496.jsp

If big players selling it should be > rm 2 million with many 5000 lots of selling transaction
but current transaction still low abt rm600k+, mostly from contra and short term players with small vol barely 1000 -2000 lots only.

rman1: Today no trading, Sunday.. alot ppl go celebrate Mid autumn festival and rest.
Tomorrow should be good, coz rally cancel. Just hope our RM currency dont keep drop and no any bad politic /biz news.

rishi: U are welcome. I also been waiting for months.. played contra few times hope i wont miss it when suddenly shoot up high. From my previous years trading experience THHEAVY can spiked up price easily more than 0.10+ in consecutive days when its hot.. unlike recent small spike only about 0.005- 0.05+. Other stocks rebound and shot up high especially those completed RI and have strong players inside. THHEAVY is the laggard stock... not yet become super star. Need to fly up higher to shine more.

Mazmi: U are welcome. I also learn from THHEAVY... stock that get bashed down badly but still can come back. Really not easy to profit from this counter.. really test investor/trader skil,l experience & luck.
I believe more to come from THHEAVY.. just that its been laggard compare to other stocks that hot.

THHEAVY ripe for strong rebound. Big players enter and still holding just waiting for market to stable and continue to push higher. How high can they push and support the price?
I believe those big players already accumulated alot THHEAVY shares prior before RI where alot retailer panic and sell cheap to them. With new RI shares stuck untraded, they really have to do alot to gain back retailer confidence to buy/invest back in THHEAVY. One of the best way is to push the price high back! Cant just hold it just at 0.20... its just way too undervalue and they cant profit much with holding so many shares in hand where they bought AVG down/subscribe at much higher price.

Company already solved their financial issues, FPSO billion project is secured profit.
If include future earnings from this FPSO, its NTA wont be just at 0.33.. it should be around double or higher.

Can chk end of last year investment research from Affin and CIMB.. their TP all above RM1++ after THHEAVY won FPSO RM2.9billion profit.... future target price.

So its not too much if i use this as rough estimation of THHEAVY new TP after RI completed.

0.20 - 0.35 - short term
0.35 - 0.50 - mid term
0.50 ++ - long term

=====================================================================

Other stock after RI completed the price traded way above its RI price and went up much higher.
O&G stocks also rebound well lately.

After RI completed, THHEAVY price should be traded way above its RI price 0.25 but currently still below around 0.215. Abit slow to warm up.

Since no rally on Sat, tomorrow klse market good chance to open +ve.

CIMB research paper last year November price 0.59 after proposal of RI in Oct. http://cdn1.i3investor.com/my/files/dfgs88n/2014/11/10/1481230489--874208402.pdf

The price drop till 0.27 lowest and RI was cancel.
Price start to move up to 0.35+ and later when new proposal of RI, price went up till 0.455.

Now with RI completed, price still hovering above 0.21+...
Still waiting for the price to bounce back to its previous high 0.30 - 0.50 range...

================================================

rishi: http://www.thestar.com.my/Business/Business-News/2015/09/11/TH-Heavy-to-pay-dividend-rate-for-ICPSi/?style=biz

It said on Friday the payment would be at its discretion and availability of distributable profits during the tenure -- Year 1: 3.0%; Year 2: 3.5%; Year 3: 4.0%; Year 4: 4.5%; Year 5: 5.0% -- based on the nominal value of 25 sen an ICPS-i.

“The dividends, if declared, shall be payable annually in arrears, subject to availability of distributable profits,” it said.

TH Heavy said although annual payments were anticipated, it may defer, in part or in whole, such payments subject to availability of distributable profits.

“For the avoidance of doubt, TH Heavy is not obliged to pay any dividends or deferred dividends, as the case may be, in the event it has insufficient distributable profits.

The ICPS-i will listed on Sept 14 and mature on Sept 7, 2020.

Closing at 0.215. Price been consolidating past 5 days.. and still holding.
Support still good at 0.21/0.215 as selling been absorb well by buyers.

Theres attempt to push up price but didnt break through, hopefully next week will be better.

Ya,, buying pressure weaken and selling pressure back. When the buying get stronger at 0.215 and later theres resistance with continuous selling.. i sold at 0.215 and queue buy back at support 0.21.
Finally all matched, get extra more units for future play. Prefer get more units than cash/profit coz can play more rounds with better profits.