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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: Malaysia Marine & Heavy Engineering (MMHE), SapuraKencana Petroleum and TH Heavy Engineering (THHE) are reportedly eyeing Petroliam Nasional Bhd’s projects.
KUALA LUMPUR: CIMB Equities Research said TH Heavy Engineering missed both its and consensus’ forecasts by posting a 1Q15 net loss of RM19mil as its fabrication order book dwindled to RM210mil on completion of key contracts in FY14 and in the absence of new sizeable contracts.