Latest Forum Topics / R H Energy | Post Reply |
Booming oil & gas sector
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daphnecsf
Senior |
24-Dec-2009 22:04
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R H Energy wins $18.4m worth of contracts to design caprolactam plant used in nylon manufacture R H Energy, the engineering service provider to the oil & gas and petrochemical industry in China, says it has won contracts worth a total of US$13.1 million ($18.4 million) to provide process engineering design, technical services and commissioning of a caprolactam plant with an annual production capacity of 200,000 tons for the joint venture company set up by Sinopec and the Zhejiang Hengyi Group, a private producer of spun polyester and chemical fibre. |
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guppy724
Member |
17-Nov-2009 11:37
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Ya loh......i think, this counter is friends to ouhua,sinostar & chinaenergy...last time they play together...nowadays they 'sleeping' together : (
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ezrahash
Member |
17-Nov-2009 11:30
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Sighh..agree, we used to joke that when O&G prices go up RH goes down, when market goes up it still goes down , but when mkt goes down it follows suit as well... |
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pharoah88
Supreme |
22-Sep-2009 11:15
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Oil & Gas projects are happening everywhere. RH Energy management is plain Idle for NOT doing anything Strategic with customers like PetroChina and NVOOC. | ||
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yipyip
Master |
08-Nov-2008 19:17
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3Q above water +5.7%, 9 months ended +200% vs '07 R H ENERGY LTD. Co. Reg. No: 200610437K UNAUDITED THIRD QUARTER FINANCIAL STATEMENTS AND DIVIDEND ANNOUNCEMENT FOR THE PERIOD ENDED 30 SEPTEMBER 2008 http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_18CD24F726B79ABD482574FA00372292/$file/RHE_3rdQuarter08Results.pdf?openelement |
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LemonTea
Member |
12-Jun-2008 10:54
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R H ENERGY POSTS 1Q PROFIT OF US$1.1m SINGAPORE, 9 May 2008 Mainboard-listed RH Energy Ltd., a leading oil and gas equipment integration service provider in the Peoples Republic of China, today reported its first quarter results ended 31 March 2008 (1Q2008). Key performance highlights: US$000 3 Months Ended 31 March 2008, Change 2008 2007 % Turnover 4,896 1,794 172.9 Gross Profit 3,231 639 405.6 Profit Before Tax 1,747 13 n.m. Net Profit After Tax 1,054 13 n.m. EPS (Sgp cents) 0.37 0.01 n.m. PERFORMANCE ANALYSIS Significant improvement in revenue and profit mainly contributed by growth in high valueadded engineering, consultancy and inspection services Growth in high-value added activities driven by capability enhancements arising from recent acquisition of Hunan Baili Engineering Sci & Tech Co. Ltd and China Oil Zhong Zhou Engineering Supervision Co. Ltd, which collectively contributed US$3.4 million to Group revenue Revenue for equipment integration services registered a decline in view of the smaller number of projects delivered during the quarter http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A438D0858A8CD55E482574440038CC65/$file/RHE_PressRelease_090508.pdf?openelement |
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gho485
Senior |
16-Nov-2007 22:36
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Whats wrong with this counter? it has reported a weak set of numbers but going forward in Y08 is going to be good with good contract secured. Can anyone keen to share his or her point of view? Any long term investor around? |
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zhuge_liang
Supreme |
14-Nov-2007 20:43
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RH Energy, a Chinese oil & gas equipment integration service provider, said it is in advanced talks with the Sinopec Group to provide an emergency shutdown system for a 'gathering station' at the Puguang gas field in Sichuan province. The contract, if awarded, is worth about US$34.3 million, which will be RH Energy's largest project and the 3rd to be awarded by Sinopec for the Puguang project. If secured, the deal will boost RH Energy's order book to about US$62.2 million, of which US$4.7 million is due to be completed or delivered in 4Q07, and the balance in FY08. |
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leechongpeng
Senior |
10-Nov-2007 05:38
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Trend still going down. Wait for it to drop to 0.58 | ||
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gho485
Senior |
10-Nov-2007 00:25
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This counter has been oversold. With oil price hitting a record hit, this oil and gas counter is surely not doing well. Fundementally, this counter has a good business module. I cant understand why the price has been falling in the past weeks. I would sugguest for those who want a pie in the oil and gas field this will be the counter to accumulate. Good luck to those holding on to this precious gem. |
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gho485
Senior |
28-Sep-2007 15:00
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Anyone knows why this counter has been soaring over the past few days? Keep it under your radar. |
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gho485
Senior |
20-Sep-2007 11:31
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this counter has been laggard. Anyone keen to share some view? | ||
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gho485
Senior |
11-Sep-2007 08:21
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RH energy anyone? Reckon this will start moving in a month time. | ||
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YongJiu
Veteran |
03-Sep-2007 22:09
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outdated new... but I'm posting it here to keep it as history log ^^ R H Energy Ltd: Energizing its pipeline (31 Aug 2007) Summary: R H Energy (RHE) announced that it has won 2 contracts from Sinopec totalling US$21.2m. The first is a US$7.7m contact to be delivered in 2Q08. The second is the US$13.5m contract that we mentioned in previous reports, to be delivered over a period spanning 1Q08 to 3Q08. These contracts bring RHE's outstanding order book to US$29.1m, of which US$7.6m will be recognised in 2H07 and US$21.5m will be recognised in FY08. The secured orders represent 41% of our forecasted top-line of US$52.5m for FY08 and allow RHE to enter FY08 on a strong footing. We maintain our BUY rating with fair value estimate of S$0.69 based on 16x FY08 PER. (Lee Wen Ching) |
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Henry$$$
Senior |
28-Aug-2007 16:18
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Should aim this counter then.... It hold few oil related company and some good stuff on the way... |
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YongJiu
Veteran |
13-Aug-2007 12:56
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R H Energy Ltd: Unexciting 1H07, but expect strong 2H07 and FY08 Summary: R H Energy Ltd (RHE) posted its 1H07 results this morning. The numbers were largely in line with what was disclosed during the IPO. Revenue came in at US$5.5m (+57% YoY) and net profit at US$0.4 (-24% YoY). Gross profit fell 5% due to higher cost of sales, which rose 103% YoY. While 1H07 results were not spectacular, we expect 2H07 and FY08 performance to be stronger. RHE will book the remaining US$7.8m of the US$13.2m strong order book in 2H07. In addition, we project another US$20m worth of deals to be secured and recognised in 2H07, bringing FY07 revenue up 95.5% to US$33.2m. We will provide more information later, pending further updates from the company. Meanwhile, our rating for RHE is a BUY with fair value estimate of S$0.69. (Lee Wen Ching) |
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YongJiu
Veteran |
07-Aug-2007 17:00
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heart pain man, see it drop everyday!!!! |
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YongJiu
Veteran |
07-Aug-2007 16:48
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feel so shitty!!!! should have sold it on the 2'nd day of IPO | ||
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YongJiu
Veteran |
17-Jul-2007 10:43
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push down by BB, so that they can buy more at lower price? or this counter is just way too over-value refer back to OCBC valuation of $0.69 |
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smartrader
Elite |
15-Jul-2007 20:28
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OCBC mentioned fair price is 69 cents in this issue Edge. | ||
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