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PETALING JAYA: With the oil and gas (O&G) sector being the hardest hit in the current market rout, tycoons who own significant stakes in these companies have seen a huge loss in their net worth.
KUALA LUMPUR: CIMB Equities Research has advised investors to accumulate shares of TH Heavy Engineering (THHE) following the recent share price fall brought about by the soft second quarter.
PETALING JAYA: Malaysia Marine & Heavy Engineering Holdings Bhd’s (MMHE) prospects are heading south, as analysts are expecting it to face a slower momentum in replenishing its near-all-time low order book.
KUALA LUMPUR: CIMB Equities Research has initiated coverage of TH Heavy Engineering with an Add call and target price of RM1.20, which is an upside of 47.5% above the last traded price of 82 sen.
KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) expects on-going jobs to boost its revenue by as much as 20% for its current financial year ending Dec 31.
PETALING JAYA: TH Heavy Engineering Bhd (THHE) has won a contract for the provision of engineering, procurement, construction, installation and commissioning (EPCIC) and leasing of its floating production storage and offloading (FPSO) vessel, a deal that could be worth up to RM2.67bil.