InvestIdeas

not vested

Trading Buy: T7GLOBAL - 7228
(Last price: RM0.390, Potential upside +25.6%)

Company Profile
• T7 Global Berhad (T7G), previously known as Tanjung Offshore, involved in various industries such as oil & gas, aerospace, property, construction and ICT.

Trading Catalyst

• The company turned profitable in FY16 with a net profit of RM5.1m (vs. LAT of RM76.3 in FY15). This was due to contributions from contracts (ORIGINS and CWG) secured from Petronas.

• Currently, T7G is having a healthy balance sheet with the net cash of 9.0 sen per share.

• In July 2017, T7G acquired 9.86% of Triangle Energy (TE), an Australian based O&G production and exploration company and TE hits oil in the coastal Xanadu-1 in the Perth Basin.

• T7G secured two contracts, worth approx. RM7.2m from Petronas and MMC Gamuda KVMRT (UGW) Joint Venture for the refurbishment and delivery of new storage tanks for the MRT Line 2.

Technical View
• Resistance: RM0.425 / RM0.445 / RM0.490
• Support: RM0.380 / RM0.375
• Cut loss: RM0.370

Key Financial Stats
• FY16 PAT: RM5.1m (vs. LAT RM76.3 in FY15)
• Net cash per share: 9.0 sen

Source: Bloomberg, HLIB

not vested

Malaysia T7 Expects Aviation Business Annual Revenue At MYR180 Mln At Full Capacity-Chairman

By Gho Chee Yuan

KUALA LUMPUR (Jan 15) -- Malaysian oil and gas services firm T7 Global expects its aviation business segment to start contributing to the earnings from next year, its chairman said Monday.

The company, formerly known as Tanjung Offshore, expects its aviation business to reach full capacity in four years and generate about 180 million ringgit ($45.5 million) in annual revenue, Nik Norzrul Thani said at a news conference in Kuala Lumpur.

The company expects that business to report about 54 million ringgit revenue next year, he added.

Meanwhile, Deputy Chairman Tan Kean Soon expects the company to secure two more contracts this year and will bid for work packages for East Coat Rail project.

Earlier this month, T7 said it has formed a joint venture with China State Construction Engineering Corporation to bid for rail and construction projects.

T7 Global will own 51% in the joint venture through one of its subsidiaries with China State Construction holding the remaining 49%, the company had said.

Source: Asian Review

https://asia.nikkei.com/Markets/Nikkei- ... y-Chairman

not vested

ECRL kini milik kroni Mahathir

Hari ini Menteri Kewangan telah mengumumkan projek ECRL akan diteruskan.

Mengapa diteruskan?

Walaupun pada asalnya telah dibatalkan oleh kerajaan ia diteruskan juga mungkin kerana kerajaan menyedari kepentingan dan manfaat besar projek ini terutamanya bagi membawa pembangunan ke negeri-negeri Pantai Timur.

At least inilah yang difikirkan oleh kebanyakan orang.

Padahal sebenarnya dibalik tabir ada tangan-tangan yang telah lakukan sesuatu tentang projek ini.

Sebelum ini antara syarikat yang dianugerahkan kontrak projek ECRL oleh Kerajaan Terengganu adalah Syarikat T7 Global di mana jajaran terpanjang ECRL adalah milik mereka.

Pada 16 Mei 2018, Vincent Tan telah membeli dan menjadi pemegang saham penting Syarikat T7 Global.

Dalam Mahathir kata nak batal ECRL, Vincent Tan pula gigih membeli saham syarikat buat ECRL. Tiga hari berturut-turut dia pulun. Maklum la, ada 'orang dalam' dah beri maklumat kan.

Beliau telah membeli saham syarikat yang akan membina ECRL walaupun ‘tahu’ ECRL akan dibatalkan.

Selain pengumuman projek ECRL diteruskan, Lim Guan Eng juga mengumumkan kos projek ECRL telah meningkat kepada RM70 billion dari RM55 bilion ketika di bawah kerajaan BN sebelum ini.

Ada tambahan RM 15 billion secara tiba-tiba.

Nampaknya, tidak perlu tunggu lama untuk mereka mula memfaraidkan harta-harta negara. Tapi apakan daya, Malaysia telah memilih.

Sumber: http://abuleman.blogspot.com/2018/06/ec ... athir.html

not vested

T7 Global surges after ECRL ‘gets a reprieve’

by Billy Toh

KUALA LUMPUR: T7 Global Bhd’s share price surged by as much as 34.5% yesterday after a news portal reported that the controversial East Coast Railway Link (ECRL) project had been given a reprieve by the government.

Profit-taking, however, reduced the gain to eight sen or 19.1% with the counter closing at 50 sen after hitting an intraday high of 56.5 sen.

Some 30.9 million T7 Global shares changed hands, about eight times more than the stock’s 200-day average volume of 3.9 million shares, indicating a surge of interest in the company.

On Saturday, The Malaysian Insight reported that Finance Minister Lim Guan Eng had cited the ECRL as one of the megaprojects that are currently in a renegotiation phase, while the Kuala Lumpur-Singapore high-speed rail is being reviewed.

“A review means that it may not go on, that it may be deferred. Renegotiating means we are talking about pricing,” Guan Eng was quoted as saying. The market has taken the report as a positive development for the ECRL, which was criticised by the prime minister prior to the May 9 general election.

Tun Dr Mahathir Mohamad then described the ECRL contract as “strange” as it involved a Chinese bank providing a RM55 billion loan for Malaysia to build the ECRL, but with the money kept in China.

“That [ECRL] contract is strange,” Dr Mahathir said in an interview with The Edge Malaysia weekly at the end of last month. “The contractor must be from China and the lending is from China. And the money is not supposed to come here, but [kept abroad] to pay the contractor in China.”

Dr Mahathir also noted that payments to China Communications Construction Co Ltd (CCCC) are not on the basis of work done, but according to a predetermined timetable, which is also not normal. The contractor of the project is China’s state-owned CCCC and the loan is from the Export and Import Bank of China.

However, with Guan Eng pointing out that a renegotiation is in place as RM20 billion of the project cost has been paid, interest on companies involved in the ECRL has return.

T7 Global had inked a memorandum of understanding with Terengganu state-linked corporation Eastern Pacific Industrial Corp Bhd (EPIC) and CMC Engineering Sdn Bhd, a bumiputera company, to form a consortium to undertake the construction of the ECRL’s Terengganu parcel.

“We welcome any review by the new government, but we are still actively pursuing the construction of the project together with EPIC as previously announced,” T7 Global executive deputy chairman Tan Sri Tan Kean Soon told The Edge Financial Daily when contacted.

The group’s share price has been volatile, falling by 21.5% to 36.5 sen from 46.5 sen after the May 9 polls, but witnessed a steady recovery following news that Berjaya Corp Bhd founder and executive chairman Tan Sri Vincent Tan had emerged as a substantial shareholder of T7 Global, with the acquisition of 21 million shares or a 5.04% stake.

Tan was among some of the entrepreneurs that had been very successful under Dr Mahathir’s 22-year reign prior to his retirement in 2003.

Source: The Edge

http://www.theedgemarkets.com/article/t ... s-reprieve

not vested

Vincent Tan to divest entire stake in T7 Global

KUALA LUMPUR: Tan Sri Vincent Tan Chee Yioun says he will be divesting his entire stake in T7 Global Bhd in light of the recent controversy over the East Coast Rail Line (ECRL) project.

The investment tycoon said he was selling his stake in the company to distance himself from reports that his interest in the company may be linked to the new government's decision not to cancel the project.

"These news reports are mischievous and appear to imply a sinister link between my acquisition of a substantial stake in T7 Global and the decision of the Pakatan Harapan Government not to cancel the East Coast Rail Line (ECRL) project despite earlier reports to the contrary," he said in a press statement on Tuesday.

"I believe these news reports and social media comments are intended to embarrass me and the new Government in Putrajaya."

Tan explained that his acquisition of a stake in T7 Global was because the company was well positioned in the oil and gas services industry, and he was acquainted with the major shareholder of the company.

"I had no knowledge that T7 Global is one of the contractors for the ECRL project when I purchased shares in the company," he added.

Tan said he had begun disposing of some of his shares in T7 Global as of Monday, and intends to dispose of his entire stake in due course.

Further dispelling rumours surrounding him, he added that there is no truth to reports that he had invested in a financial startup developing a trading platform called Bitcoin Formula, or that he will be donating RM525mil to Tabung Harapan.

Shares of T7 Global had jumped in Monday trading by eight sen or 19% to 50 sen apiece with over 31 million shares done.

At Tuesday's close, the counter slid half a sen or 1% to 49.5 sen a share with 9.5 million shares changing hands.

Source: The Star

https://www.thestar.com.my/business/bus ... 2lvAjo4.99

not vested

Trading Buy: T7GLOBAL - 7228
Another laggard in the O&G segment
(Last price: RM0.515, Potential upside +22.3%)


Company Profile

T7 Global Berhad (T7G) is involved in various industries such as oil & gas, aerospace, property, construction and ICT.


Trading Catalyst

T7G has been bagging several contracts and could be seen as a laggard in the O&G sector. Currently, its orderbook stood at more than RM900m, with the tenderbook holding up at RM3bn.

O&G under traders’ radar. In addition, O&G maintenance related player such as CARIMIN, DAYANG, PENERGY have been rallying over the past few weeks, T7G could be seen as a laggard and may be looking for a catch up play in the near term.

T7G’s fully automated metal treatment facility in Serendah Malaysia was completed in end-2018, with the factory built up area of 30.1k sq ft, equipped with up to 42 treatment tanks and is set to commence operations by end-2019.

Technical View
Resistance: RM0.550 / RM0.575 / RM0.630
Support: RM0.495 / RM0.485
Cut loss: RM0.480

Source: Bloomberg, HLIB

not vested

T7 Global Bhd (T7G MK) - Boosted by KLIA Baggage Handling System Contract

2024-08-30

TP: 0.68

Maintain BUY (TP:RM0.62). T7 Global (T7) 1HFY24 PATAMI of RM15mn (+43% YoY) made up 36% of both our and consensus estimate respectively.

We deem this as within our estimate as its earnings are seasonally stronger in 2H.

2Q24 earnings rose 130% QoQ and 65% YoY to RM14.4mn mainly due to stronger earnings contribution from industrial segment i.e. the progress of KLIA baggage handling system (BHS) contract.

We foresee 2H24 earnings to be boosted by maiden income from MOPU TSEVEN Shirley which has achieved first oil from Nong Yao field (Thailand) in mid of Aug 2024.

Maintain T7 as a BUY with unchanged SOP-derived TP of RM0.62. This implies 8.2x FY25F fully diluted P/E.

Source: BIMB

https://klse.i3investor.com/web/priceta ... arch/72616

T7 Global (T7G MK) - Secured HUC MCM contract
Date: 2025-02-14
Firm: PHILLIP CAPITAL

Price Target: 0.66
Price Call: BUY

T7 has secured a HUC/MCM services contract from EnQuest with an estimated RM200-300m value

YTD contract wins at RM1bn puts T7 well on track to meet our 2025E orderbook replenishment target and bringing its latest orderbook to RM5.4bn

Maintain BUY rating with SOP-derived target price of RM0.66

Source: Phillips

https://klse.i3investor.com/web/priceta ... arch/74343

not vested

4Q Results:-

Revenue: -24%; RM 188m
EPS: +0%; RM 1.89; RM 14m
Net Asset: RM 0.53

https://www.bursamalaysia.com/market_in ... id=3529319

https://disclosure.bursamalaysia.com/Fi ... TTACHMENTS

vested

T7 Global energy division anchors long-term growth, amid near-term challenges

Delays in the KLIA baggage handling system (BHS) project is expected to weigh on T7 Global Bhd’s earnings.

The key risks to its stock call include operational delays at its existing mobile offshore production units or Mopus, further postponement in BHS works and higher-than-expected operating costs.

Given that the BHS project accounts for 17% and 21% of T7 Global’s 2024 revenue and profit after tax, respectively, any continued delays will weigh on its industrial solution division and pose downside risks to its 2025-26 earnings forecasts.

The remaining works on the BHS are now anticipated to be delayed by between one and 1.5 years from the original completion timeline of December 2025.

T7 Global has emerged as the largest beneficiary of the recently rolled out maintenance, construction and modification (MCM) packages, having secured RM1.7bil worth of contracts.

This lifts its total outstanding order book to RM4.5bil.

Its Mopus, Elise and Shirley, which began operations in July 2023 and August 2024 respectively, are expected to contribute full-year earnings in 2025.

Source: The Star

https://www.thestar.com.my/business/bus ... bhs-delays