Buying start again at 0.215.

Ya.. Big players laying low. Ringgit depreciating n stilll weak, market sentiment cautious due to us embassy issue warning of possible terrorist targetting Jln Alor. Also maybe PS have rally tomorrow....

If tomorrow open at spike up price will be a good indicator.

My own personal view ...with their operation financial issues solve, this share should be traded above 0.30+ at least + with secure Rm billion project in hand and confirm stable profit next year, the price should be easily trading around 0.40 - 0.50+. Oil price fluctuate shouldn't impact much as FPSO profit is stable and secured. Any new project secure in near future will definitely boost THHEAVY share price higher.

As usual, pls set own trading/investment plan.

THHEAVY 20 sen+ stock
with abt rm2.9billion project dalam pocket
with fresh fund in RM275million
with ICPS share worth RM275milion (untraded yet)
with TH as main shareholder..

very undervalue..

http://www.thestar.com.my/Business/Business-News/2015/09/24/THHE-starts-work-on-FPSO-topside/?style=biz

PETALING JAYA: TH Heavy Engineering Bhd (THHE) has officially started work on its floating production, storage and offloading (FPSO) topside for client JX Nippon Oil & Gas Exploration of Japan in Pulau Indah, a project that should help its ailing fortunes.

Recall that THHE had won the FPSO project, worth US$900mil, from JX Nippon in May 2014. This is the company’s first FPSO project.

The contract entails THHE providing its FPSO facility to JX Nippon for the Layang oil and gas field, located in Block SK10 offshore Sarawak.

In a statement yesterday, THHE said it had held a steel cutting ceremony in Pulau Indah last week to mark the start of its Layang topside FPSO.

THHE’s chief executive officer Nusral Danir said the company was fabricating its Layang FPSO topside at its Pulau Indah yard instead of constructing it in Dubai.

“The FPSO, which is undergoing conversion works in Dubai, is expected to set sail to Malaysia and be ready for integration in the second quarter of next year,” said Nusral.

The project is expected to be completed by the third quarter of next year and be leased to JX Nippon until November 2023, with an option to extend the lease for an annual one-year lease up to October 2033.

“The contract is a long-term contract that will bring in a steady stream of revenue for THHE by the third quarter of 2016,” said Nusral.

Nusral replaced the long-serving CEO of THHE, Datuk Nor Badli Mohd Alias, in June.

THHE has been posting losses since the second quarter ended June 30 last year.

It has been estimated that the total cost of the FPSO conversion is US$230mil or RM875mil.

THHE’s gearing level stands at 1.4 times.

It has been reported that most of THHE’s current borrowings are related to its JX Nippon FPSO Layang project to part-finance the acquisition and conversion of the FPSO asset.

THHE said its long-term FPSO-related borrowings would ultimately be self-funded once the FPSO Layang project is fully operational.

THHE has total outstanding borrowings of about RM527mil, out of which RM281mil are short-term in nature. The company has cash and cash equivalents of RM106.4mil.

THHE will be receiving fresh funds of RM275mil from its parent company Lembaga Tabung Haji (LTH) through a rights issue of Islamic irredeemable convertible preference shares.

Part of the funds would be used for the FPSO vessel.

Earlier this month, LTH was the sole subscriber of THHE’s rights issue exercise that had been undersubscribed at 69.96% by other investors in the company.

LTH has a 29.81% stake in the company. The pilgrim fund first bought into the company in 2008.

Shares in THHE closed 2.38% higher to 21.5 sen, with 8.5 million shares being traded yesterday.

TRIPLC and GOB are the latest superstar. The stock price spike up fast.
The big players enter strong and push high.

THHEAVY also have big players inside.. been MIA past 5 months and now only can be seen in action recently. From their strong entry above 0.20 supported well with estimate avg around 0.225+/- if they really want to push, they can make the price go up higher.

rman1: Already up closing strong at 0.215.
Abt 50% of today total transaction done at 0.21/0.215.

decentguy: Thanks. Just sharing some info and view.
Buying strength increase back.
Might retest recent high 0.25+/- if the big players still on track.

Happy holiday.

Selling seems over.. buyer start buying back. 0.21/0.215.

Different investor/trader have different view on this THHEAVY... it might not suitable for low risk players especially those short term/contra kakis.

Big players or experience trader with holding power can play this counter many rounds and make money.

Its the player issue not the game. The game is there... whether know how to play, can play it well or dont want to play ..decide ownself.

Wont la.. big buyer buying back already.

With every selling theres new buyers.
Just need to wait for the selling pressure over and pick up the buying strength again.

Last week tuesday highest vol transaction with many big players AVG at 0.236, closing at 0.225.
After 1week+, after some profit taking and T+4 with avg 0.236, 0.225, 0.214 the new avg price stilll around 0.225+/-

Thheavy price still holding well at 0.21/0.215 even when KLCI drop 20 pts currently.

rman1: From today afternoon till closing.. THHEAVY facing selling signal. Theres some accumulation at 0.215 but selling persist. I also sold some at 0.215 when theres strong selling pressure and bought back at 0.21 when theres some rebound on klse index towards closing time around 4pm+. http://www.investing.com/indices/ftse-malaysia-klci-chart

I've sold 0.235 bought back 0.23/0.225 last week. Today sold lower 0.215 and bought back 0.21.
Eventhough i sold and bought back at lower price, i still get extra more units.

U have to set your own plan for entry price and exit price.
Based on THHEAVY vol and recent price even after some sell-off, it should still have some big players inside and new player enter to support.

THHEAVY have strong big shareholder Tabung Haji to support but the support comes on & off.. need good timing.

Market is uncertain but if u have a good plan.. theres chance to get profit.
Good luck.

Yes, market sentiment unstable today, swing down and up, down up.. KLSE been down 3 consecutive days after Fed annoucement ..

When market is unstable, some prefer to exit and enter back at stable price.
Some new buyer will enter to replace the seller that exit.

Total transaction RM2.9 million with AVG today 0.214 with majority transaction done at 0.215, close at 0.21.
Selling pressure today also high at 72%.

If compare with last week 15/9/15 (Tuesday) high vol transaction:
Total transaction RM18.6million+,
Closing at 0.225,
AVG 0.236,
Buy 48%

Price retraced down by 0.015/0.02.
Buyer support at 0.215/0.21 still hold the price.

Sold some and bought back at lower price.

Buyer strong absorb/accumulate at 0.215.

Alvin Hong: It depends on own individual plan. entry price & exit price.
Seller queue still high and support still there.
Those short term player usually exit when the the buying pressure stop and price drop to their cut lost lvl.

THHEAVY support price 0.20, 0.215, 0.23

Those short-mid term investor might go accumulate more on price weakness/consolidation.

AnnH: I'm not sure when the big players will start buying again.
From today transaction, the price still towards collecting from exiting seller and support at 0.22.

Some news on oil market price.

http://www.bloomberg.com/news/articles/2015-09-20/oil-speculators-most-bullish-in-two-months-as-opec-calls-for-80

http://www.cnbc.com/2015/09/20/oil-prices-edge-up-as-us-drilling-declines.html

jenniferrejx: Pls read annnoucement. No suspension.
http://klse.i3investor.com/servlets/stk/announce/7206.jsp

Recently THHEAVY price went up...maybe ur friend miss the boat.

DreamGladiator: Sumatec also in my watchlist but have 3X more shares 3billions++ and lower share par value 0.14. Need strong buying strength to move. Recently low 0.10, the big players also push from 0.135 till 0.17 with total transaction RM51million.

I prefer THHEAVY for its stable FPSO future profits and tabung haji supported strongly at 0.25 via RI.
THHEAVY-PB have 1.1billion shares issued and trade separately from THHEAVY counter.

Current resistance seems like theres some mid-big players playing contra 0.005-0.01/0.015 making the price difficult to move up fast. Need the big players to continuous push and support at same time.

T+3/4 good to test whether the big players majority are contra players or investors.
If price can hold well.. means majority of the big players that enter since last week have holding power to support the price >0.23+/-. Once support is good then only will move further up steadily instead of spike up without strong support.

Waiting for US fed decision whether to raise interest rates or not... abt 5.5 hrs more to know the result.
http://money.cnn.com/2015/09/17/investing/fed-rate-hike-stocks-markets/index.html?iid=hp-stack-dom

If interest rates not raise and delay to dec or next year, it will boost stock market and also Oil price.

I feel the Fed will delay interest hike to dec/next year.
If its correct, higher chance for THHEAVY to continue its uptrend.

Sahampower: Transaction vol today also quite good. Selling been absorb well so far.
Price still holding.

I sold some and bought back.
If cant beat the market, follow them.. fight another day.

Sahampower: Selling queue vol today quite high. Buying strength seems slowing down more to supporting at 0.23 with AVG 0.235. If can close today at 0.235/0.24 or higher will be good.

Contra kakis and profit taking T+4 day..
Price quite stable and supported well.

Taiv: U r welcome.
aziz47: For me if u can get it at the price today will be good buy.
I will buy also if have extra money for price 0.25 and below.

Oil up will be a good boost
http://www.cnbc.com/2015/09/16/this-is-the-path-to-60-oil-strategist.html

Good chance to move up further today.
Let the big players do the pushing.

Must break that 0.25 1st and move higher than 0.30+.

1million shares 1 sen up abt RM10k profit
1billion shares 1 sen up abt RM1 million profit

TH holding billion shares. Spend few millions to buy up shares will automatically increase few million in share value as well.

Oil price surge >5%
http://www.cnbc.com/energy-commodities/
http://www.cnbc.com/2015/09/15/us-oil-prices-extend-gains-on-stock-draw.html

That was few month back news.
Latest is TH increase shareholding in THHEAVY... should be around abt 80% already.

AnnH: TH already park their money there. Its cheap for TH to accumulate more as the FPSO contract is secure money/profit.

Theres other big plan previously like M&A THHEAVY with Alam maritim, etcs..

http://rssbok.com/borneopost-online/evolving-scene-ideal-for-mas-in-og-sector
http://duniandt.blogspot.my/2014/04/tekanan-kos-dorong-penggabungan.html

Alam maritim also drop alot till lowest 0.365 and recenty start climb up hitting 0.50.
There are ppl buying and pushing it up also... can chk its price movement..

For me THHEAVY price is way undervalue for its billion contract worth in hand.
Its current price should have more room to go up higher.

http://www.heavyliftnews.com/news/th-heavy-lifting-load-up-capacity-at-offshore-yard

Maximum price FPSO THHE bought from ramunia around RM 195 million.
THHEAVY use rm152 million from RI to finance FPSO contracts.

JX Nippon FPSO contract till Nov 2023 for abt RM 2.9 billion (extended contract).

Primary contract worth US$400mil (RM1.29bil) will run for 7½ years, with an annual renewal option for the next 10 years.

The extension option is said to be worth about US$500mil (RM1.61bil).

The FPSO will have a storage capacity of 400,000 barrels of oil.

“The vessel has a life span of about 20 years, which ties in nicely with the job,” the source said.

Average profit THHE can get estimated abt RM 130 million a year.

FPSO contract generate stable profit for 7 1/2 yrs as its revenues are contractually locked in and its business is cashflow driven

somchik: i also in zelan during 2007& 08. tough days.

Some old news regarding RAPID project bid by THHEAVY recently.

RM 60 - 86 billion PIPC, comprising Refinery and Petrochemical Integrated Development (RAPID) and associated facilities. If THHEAVY can win some of the contracts, definitely will boost its share price further.

http://www.thestar.com.my/Business/Business-News/2015/05/13/Rapid-package-14-open-for-prequalification-bid/?style=biz

http://www.thestar.com.my/Business/Business-News/2015/05/28/TH-Heavy-bids-for-RAPID-project-in-Pengerang/?style=biz

http://www.theborneopost.com/2014/04/05/pic-rapid-green-light-to-boost-malaysias-og-sector/

Total transaction today RM18.6million+,
Closing at 0.225,
Buy 48%
AVG 0.236,
Vol is 78.9 million+ .5X more than yesterday vol, 3X more than 11/9/15 vol.
Price spike up from 0.22 till high 0.26 before settle down at 0.225.
Very +ve indicator of more traders enter today and still holding strong at AVG 0.236.

After chk, today vol traded is abt the same as vol trade in 10 Feb 2015, which was at 71.7million+
price 0.37 - 0.425 with transaction value even much more than RM30million+

Today is more like testing the market response/confidence for THHEAVY and to attract more buyers in.
Price didnt manage to hold above 0.25 but the closing buying still good at 0.225/0.23 with AVG 0.236.

From my own personal view, THHEAVY is like a fallen piramid, now rebuilding up back. Volume and price still supported well. Will take some time to see a solid big piramid..if spike up too fast without strong support, price will go down back to its foundation support level like today but it will continue to go up once the foundation continue to increase and supported well. The big players play via vol to get more traders to enter and hlp supporting the price while they continue to push higher up. just like building a new piramid.. the base foundation need more stones to support as it goes higher up, lesser stone needed. With TH RM275 million, the foundation already lay down at 0.25. Current price still underground work,, haven't reach its baseline level yet.

Mazmi: U r welcome.

KedahMalay: U r welcome.. hope every1 that join in thheavy uptrend wave can make good profits.

Looks like The Return going Hawaii to holiday .. made big profit.
Enjoy and have fun.

Holiday tomorrow. Happy Merdeka Day.

2nd round start back.. 0.235.

somchick: If enter 0.13 and sell 0.26 this morning 100%.
Big players entry AVG price 0.175, 0.205, 0.24 more biased towards 0.225/0.23.

PH tomorrow, today play more like contra players and profit takings.

AnnH: AVG transaction price 0.239 for 1st half trading. 0.24 entry still ok.
Set ur own trading plan.

If i have extra fund, i'll accumulate more as long the price is below 0.25.

My own view, thheavy breaking 0.25 is just the beginning, the real show is 0.30++ onwards.

Kian Yap: Good that u took profit, still can buy back when price drop below 0.25 if still interested.
If me, i'll sure buy back. If can sell at 0.26 and buy back 0.24 just now will be nice.... just have to decide and action fast. Not like me.. take time to eat breakfast..come back see price already 0.24/0245 but i'm confident the price is stable around 0.25+/- range.

TH holding RM275 million worth of THHEAVY-PB shares at 0.25. + have about 30% shares in THHEAVY.
They need the share price to move higher possbily above 0.30 or more so the share value will increase. TH avg price is much more higher but they are long term big players.

RM10million+ transaction today.. vol increase alot.. the committed big players still inside, only those contra kakis will exit.

yongyou: U enter THHEAVY? Last time post say no dare to enter?

=====================================================
yongyou Hi seaninis, no lah. no dare to play THH, u see the previous movement.
11/09/2015 14:56

yongyou: My own personal view, next mid TP will be 0.30+. if break then possible going towards 0.355. The big players have to hold 0.25 and support it well 1st.

Thheavy have to break higher than 0.25 to attract buyers and increase the share market value.
THHEAVY-PB value will also automatically increase follow THHEAVY.

Since broke 0.255/0.26 let the big players continue do the pushing towards 0.30 - 0.40.

Vol traded very high at 0.25.. Big players still inside.
Buying strength still strong.. have to move higher so ICPS-i have instant profit when convert 1:1.
Just push THHEAVY enough, no need trade icps..

0.245 cleared... soon 0.25.

Nice.. 0.23. Moving up.

AnnH & Kian Yap: Welcome. Hope u guys make big gains.
More to come.. uptrend stronger as the big players continue push price higher today hit 0.225 before close at 0.22.

THHEAVY-PB no transaction today, unable to trade coz no seller (TH) want to sell at 0.20 where buyer queued. Subscription 0.25, need to sell at higher price for profit.

THHEAVY price have to move higher to attract buyer to buy THHEAVY-PB shares.. big players know it..
if price low, they only holding shares. With 20% dividen option.. once price of THHEAVY moves above 0.25... it will attract more fund managers to buy.

With Valuecap money coming in soon for undervalue stocks... THHEAVY stand good chance to get stronger boost in share price.

Those who experienced with valuecap injection during 2009, it was only RM5billion..
That time alot penny stocks came back alive and get boostshot up.
This time RM20billion... 4X more money injected to stock market ..should be better to shove up those cheap stocks.

"Valuecap, a highly-secretive fund set up in 2002 to buy undervalued stocks, invests specifically in the Malaysian equity market and is jointly owned by Khazanah Nasional Bhd, Permodalan Nasional Bhd and the Retirement Fund (Inc). The government has left it up to Valuecap to decide how to distribute the fund.
Analysts generally believe it will be used to invest in solid index-linked stocks.
The funds could well be used to buy small- and medium-cap companies that present good value following the market’s recent sharp falls. Valuecap will never reveal what stocks it invests in. It is obliged to make the information public only if its investments in a company exceed the five per cent threshold."

THHEAVY chairman also from PNB.
http://www.thhe.com.my/index.php/about-us/board-of-directors/dato-hj-ghazali-bin-awang/




http://www.thestar.com.my/Business/Business-News/2015/09/12/Short-position/?style=biz

A lift for O&G firms

IT seems local institutional funds are still hungry for new shares and bonds by oil and gas companies, as they search for bargains amid the turmoil in the industry caused by a steep decline in the price of crude oil.

These cash rich buyers, including Lembaga Tabung Haji who appear to be taking a long-term view of their investment, even as most investors are shying away from the sector.

Earlier this week, the pilgrim fund bankrolled the entire RM275mil fund-raising exercise by its 30%-owned TH Heavy Engineering Bhd.

This was after other shareholders in TH Heavy declined the offer to subscribe to the rights issue.

Tabung Haji paid 25 sen a piece for the Islamic irredeemable convertible preference (ICPS-i), which came attached with a fixed 20% dividend based on the nominal value of the ICPS-i payable over five years.

The dividend promise provides some element of guaranteed returns for the fund, plus an upside potential if shares in TH Heavy goes up.

Tabung Haji’s decision to pump in more money into TH Heavy came in as much needed financial boost for the loss-making company.

TH Heavy is in the midst of building its first floating, production, storage and offloading vessel, which has already secured a contract and is expected to be ready by the third quarter of 2016.

Meanwhile, an unnamed local institutional fund is also taking a big bet on another oil and gas contractor SapuraKencana Petroleum Bhd.

The fund was said to be the sole subscriber of SapuraKencana’s US$200mil (RM846mil) sukuk that was issued during the week. Proceeds from the exercise will be used to refinance some of its existing debts totalling close to RM17bil.

The 7-year sukuk carries a yield of 4.85% and is unrated. SapuraKencana is one the world’s largest tender rig operator.

It counts the Employees Providence Fund, Retirement Fund Inc (KWAP) and Permodalan Nasional Bhd among its substantial shareholders.

The slump in crude oil prices is taking its toll on producers around the world. For companies like SapuraKencana and TH Heavy, strong backing from local institutional funds is a blessing.

But are these funds exposing themselves too much to volatile oil prices?

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

THHEAVY got support from local institutional funds.
They cant let own big players fail..the support is there and next is to boost its share market price since already invested millions of money in it.

0.225 uptrend continue.. Big players favourite counter.. already in MOST active counter (Vol)

http://klse.i3investor.com/blogs/rhb/82898.jsp

TH Heavy Engineering rebounded to test the MYR0.21 level after crossing above the 50-day MAV line in its latest session. Traders may buy if this level is breached in the near term, with a target price of MYR0.25. In the meantime, the stock may drift sideways if the MYR0.21 level cannot be surpassed. Support may then be found at MYR0.175, where traders can exit upon a breach.

More potential money in.. Value Cap is for high risk investment type especially .

http://www.reuters.com/article/2015/09/14/malaysia-economy-idUSL4N11K20T20150914

http://www.bangkokpost.com/news/asean/692368/najib-delivers-4-6bn-boost-for-stock-market

http://www.nst.com.my/news/2015/09/valuecap-reactivated-rm20b-pm-najib

http://www.thestar.com.my/Business/Business-News/2015/09/14/PM-says-govt-to-reactivate-ValueCap-with-RM20b-fund/?style=biz