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Business 02 Dec 2014 | 12:00 AM

Tycoons see their O&G investment value cut by almost half

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.

Business 01 Jan 2015 | 12:00 AM

Optimism over O&G stocks despite earnings cut

PETALING JAYA: Malaysian oil and gas (O&G) companies are not directly afflicted by the oil price volatility, as they are service providers with operations in various segments along the value chain, according to CIMB Research.

Business 17 Mar 2015 | 12:25 PM

MMHE, SKPetro, TH Heavy eye Petronas field projects

KUALA LUMPUR: Malaysia Marine & Heavy Engineering (MMHE), SapuraKencana Petroleum and TH Heavy Engineering (THHE) are reportedly eyeing Petroliam Nasional Bhd’s projects.

Economy 21 Mar 2015 | 12:00 AM

Crude slump halts THHE turnaround

Company to bank on FPSO business

Business 29 May 2015 | 12:00 AM

THHE plans to keep ops level low

KUALA LUMPUR: TH Heavy Engineering Bhd (THHE), which had laid off more than one-third of its workforce due to a lack of new fabrication orders, is bracing itself for tough times.

Business 01 Jun 2015 | 8:37 AM

CIMB Research retains Reduce on TH Heavy

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.

Business 19 Jun 2015 | 6:02 PM

TH Heavy Engineering CEO Nor Badli resigns

KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) chief executive officer Datuk Nor Badli Munawir Mohamad Alias has resigned effective June 30.

Business 20 Jun 2015 | 12:00 AM

The Short Position

THE varying opinion over the accounts of Malaysia Steel Works (KL) Bhd (Masteel) is intriguing.

Business 20 Jun 2015 | 12:00 AM

THHE CEO Nor Badli resigns

KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) CEO Datuk Nor Badli Munawir Mohamad Alias has resigned effective June 30.

Business 10 Sep 2015 | 12:00 AM

TH Heavy looks beyond offshore fabrication

PETALING JAYA: Loss-making TH Heavy Engineering Bhd, which is raising RM275mil from a rights issue exercise, said it is looking beyond offshore fabrication business in a fresh effort to quickly turn the company around.