I decide to exit Pjdec with a tidy profit many thanks to Sepiroth advise to hold. Instead i bought Bhic counter which related to Petronas benefactor of contact award. Thank you
I would like to add that Bhic is awarded by government for 9 billions patrol vessel. By the time award of contract announced i believe the market will double. Anyone agree with me or think otherwise? Thank you.
I dont think its question of realible rather when will official award of contract be released. I was fortunate to see lumut shipyard back in August where 2 scorpene was serviced by Bhic. As my friend is working as an engineer in Bhic, i can see how advance and complicated jobs done competently. No doubt very close ties with government helps too. And Bhic also do fabrication works for Petronas. I think at current price, Bhic is way undervalue already considering the asset and expertise that they posses. But my guess is based on what i see as i dont have stock market valuation knowledge. Thank you
I would like to add that ship building is a very complicated process especially patrol vessel. This is not for ordinary works that can be done by any ship builders. As engineer in oil and gas company, knowing the full implicated of salt water that can damage and endangered those working on movable vessels or rigs, ordinary office personnel may not expose too. So i dont think any other company in Malaysia can do what Bhic can do. Uncompetent ship builders will see patrol vessels decommission within weeks of operation. Salt water can be very damaging unless competent engineering involved to ensure detail process. Thank you
BHIC awarded Belum contract in December 2013 and expect them to get more of the smaller platform fabrication jobs in early 2014. Yard expansion to cater for this might be on the way. I think its a Buy especially share price lowering last few days.
Pengumuman akan dibuat dlm masa terdekat utk menyiapkan 6 buah patrol vessel bernilai rM9billion..mungkin mgu depan, or bulan depan..dah tertangguh dari bulan october tahun lepas...
very poorly manage company !! bank borrowing is too high !! 100% depend on defence dept to give contract, can not survive in open market, only can spoon feed !!! its a welfare body for ex-navy officers i doubt this type company can actually go for fair tender in open market. 1 Q make money,next 2 quarters will heavy loss again, then make money again follow by loss again !!how to invest on this type of company ? if give HL or IOI to run the management may be profit will shoot up to 900 million every year !
Bhic like a sosial community services company not commercial oriented.heeee..it support a lot of retired navy to get a job..bhic was support by LTAT and ministry of defend was support LTAT..waiting for a good news coming soon
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....
midtermtrader
1,166 posts
Posted by midtermtrader > 2013-11-15 14:13 | Report Abuse
Mmmmm Look like BHIC climb up slowly, not urgently. Need holding power.