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Business 16 May 2014 | 12:00 AM

THHE wins first FPSO contract in RM2.9bil deal

PETALING JAYA: TH Heavy Engineering Bhd (THHE) has finally secured a contract for its floating production, storage and offloading vessel (FPSO) with Japan’s JX Nippon Oil & Gas Exploration in a deal worth US$900mil (RM2.9bil), sources said.

Business 16 May 2014 | 8:53 AM

Trading ideas: SapuraKencana, MAS, Silk Holdings, THHE, Perisai

KUALA LUMPUR: JF Apex Research expects SapuraKencana Petroleum, Malaysia Airlines (MAS), TH Heavy Engineering and Perisai Petroleum to see trading interest on Friday following the strong corporate newsflow.

Business 17 May 2014 | 12:00 AM

It is for the provision of EPCIC and lease of vessel

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.

Business 12 Jun 2014 | 12:00 AM

THHE upbeat about on-going jobs, expects projects to boost revenue by 20%

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.

Analyst Reports 21 Jul 2014 | 8:21 AM

CIMB Research starts coverage of TH Heavy Engineering

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.

Analyst Reports 21 Jul 2014 | 9:09 AM

TH Heavy jumps, CIMB Research target price RM1.20

KUALA LUMPUR: Shares of TH Heavy Engineering (THHE) jumped in early Monday trade after CIMB Equities Research started coverage with a target price of RM1.20.

Analyst Reports 06 Aug 2014 | 8:28 AM

CIMB Research downgrades MMHE from Hold to Reduce

KUALA LUMPUR: CIMB Equities Research has downgraded Malaysia Marine and Heavy Engineering (MMHE) from Hold to Reduce after the release of the weak results for the first half ended June 30, 2014 (H1 FY14).

Corporate News 07 Aug 2014 | 12:00 AM

MMHE group’s order book replenishment disappointing

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.

Corporate News 25 Sep 2014 | 12:00 AM

THHE plans private placement

PETALING JAYA: TH Heavy Engineering Bhd (THHE) has proposed to undertake a private placement of up to 10% of its shares, or 125.8 million shares, expecting to raise gross proceeds of RM100.6mil based on an indicative issue price of 80 sen per share.

Analyst Reports 25 Sep 2014 | 9:06 AM

Accumulate TH Heavy Engineering, says CIMB Research

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.