Bursa Alert
Global Market
NewsHot Stock: TH Heavy rises on report of reactivating Petronas licence
Page 1 of 1
Hot Stock: TH Heavy rises on report of reactivating Petronas licence
by Cals Sun 14 Jul 2013, 03:56
Hot Stock: TH Heavy rises on report of reactivating Petronas licence
First Published:1:06pm, Jul 12, 2013
Last Updated:1:06pm, Jul 12, 2013
Read more:[You must be registered and logged in to see this link.]
KUALA LUMPUR (July 12): TH Heavy Engineering Bhd (THHE) shares and warrants turned top actives in morning trades on reports the company is reactivating its oil and gas crane manufacturing license.
At noon break, THHE shares rose 4 sen or 5% to 82.5 sen on trades of 30.82 million shares, after rising to a high of 84 sen in earlier trades. The stock was the second hottest among the actives.
Its warrant THHE-WA added 3 sen or 7% to 47 sen, with volume of 31.52 million units transacted. Having risen 9% to hit a high of 48 sen earlier, it was the most active among the hot stocks.
A local daily reported today THHE has been in talks with Petronas to get the aforementioned licence re-activated, which was suspended when it was relegated into the PN17 category in February 2010.
The company was also in the limelight recently when another daily reported that an international O&G partner of THHE is bidding for a risk service contract worth US$500 million (RM1.58 billion). The outcome of this bid is expected to be known this month.
Indeed, TH Heavy has become a hot speculative play in recent months, following the move by billionaire Tan Sri Quek Leng Chan to subscribe 10% of THHE shares through a private placement. The purchase was done via GuoLine Capital Ltd (GCL).
Currently, GCL’s shareholding in THHE stands at 6.36% while Quek has a direct stake of 2.73% in the company,Bloombergdata showed. –theedgemalaysia.com
Read more:[You must be registered and logged in to see this link.]
First Published:1:06pm, Jul 12, 2013
Last Updated:1:06pm, Jul 12, 2013
Read more:[You must be registered and logged in to see this link.]
KUALA LUMPUR (July 12): TH Heavy Engineering Bhd (THHE) shares and warrants turned top actives in morning trades on reports the company is reactivating its oil and gas crane manufacturing license.
At noon break, THHE shares rose 4 sen or 5% to 82.5 sen on trades of 30.82 million shares, after rising to a high of 84 sen in earlier trades. The stock was the second hottest among the actives.
Its warrant THHE-WA added 3 sen or 7% to 47 sen, with volume of 31.52 million units transacted. Having risen 9% to hit a high of 48 sen earlier, it was the most active among the hot stocks.
A local daily reported today THHE has been in talks with Petronas to get the aforementioned licence re-activated, which was suspended when it was relegated into the PN17 category in February 2010.
The company was also in the limelight recently when another daily reported that an international O&G partner of THHE is bidding for a risk service contract worth US$500 million (RM1.58 billion). The outcome of this bid is expected to be known this month.
Indeed, TH Heavy has become a hot speculative play in recent months, following the move by billionaire Tan Sri Quek Leng Chan to subscribe 10% of THHE shares through a private placement. The purchase was done via GuoLine Capital Ltd (GCL).
Currently, GCL’s shareholding in THHE stands at 6.36% while Quek has a direct stake of 2.73% in the company,Bloombergdata showed. –theedgemalaysia.com
Read more:[You must be registered and logged in to see this link.]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Hot Stock TH Heavy share, warrant rises on Petronas RSC bid
» Hot Stock TH Heavy active, jumps 19% on CIMB initiation report
» Hot Stock TH Heavy up 3% after associate gets Petronas contract in Java
» Hot Stock Marco rises 11% on heavy volume
» Hot Stock JCY rises 2.55% on potential M&A outlook report
» Hot Stock TH Heavy active, jumps 19% on CIMB initiation report
» Hot Stock TH Heavy up 3% after associate gets Petronas contract in Java
» Hot Stock Marco rises 11% on heavy volume
» Hot Stock JCY rises 2.55% on potential M&A outlook report
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum