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KLSE: WASEONG       WAH SEONG CORPORATION BHD
Last Price Avg Target Price   Upside/Downside Price Call
1.17 1.10     -0.07 (5.98%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
30/11/2017 1.25 1.31 +0.06 (4.80%) HOLD PUBLIC BANK Price Target News
30/11/2017 1.25 1.04 -0.21 (16.80%) TRADING SELL MIDF Price Target News
30/11/2017 1.25 1.40 +0.15 (12.00%) BUY KENANGA Price Target News
30/11/2017 1.25 1.25 0.00 (0.00%) HOLD HLG Price Target News
29/08/2017 0.995 1.05 +0.055 (5.53%) HOLD PUBLIC BANK Price Target News
29/08/2017 1.03 1.04 +0.01 (0.97%) HOLD MIDF Price Target News
29/08/2017 0.995 1.30 +0.305 (30.65%) BUY MAYBANK Price Target News
29/08/2017 1.03 1.10 +0.07 (6.80%) BUY KENANGA Price Target News
29/08/2017 1.03 0.91 -0.12 (11.65%) SELL HLG Price Target News
02/08/2017 0.965 1.04 +0.075 (7.77%) HOLD MIDF Price Target News
02/08/2017 0.965 1.10 +0.135 (13.99%) BUY KENANGA Price Target News
02/08/2017 0.965 0.91 -0.055 (5.70%) HOLD HLG Price Target News
25/07/2017 0.965 0.87 -0.095 (9.84%) HOLD HLG Price Target News
24/07/2017 0.91 1.04 +0.13 (14.29%) BUY Market Access Securities Price Target News
22/06/2017 0.93 1.10 +0.17 (18.28%) BUY KENANGA Price Target News


Price Target Research Article/News (past 6 months)
30/11/2017  PUBLIC BANK Wah Seong Corporation Berhad - Nord Stream 2 Boost
30/11/2017  MIDF Wah Seong Corporation Berhad - Share Price Ahead Of Fundamental Valuation
30/11/2017  KENANGA Wah Seong Corporation - NS2 Coming in Stronger
30/11/2017  HLG Wah Seong Bhd - 3Q17 Outperformed
29/08/2017  PUBLIC BANK Wah Seong - Buoyed By Nord Stream 2
29/08/2017  MIDF Wah Seong - Healthy Orderbook Supports Positive Earnings
29/08/2017  MAYBANK Wah Seong - On Track
29/08/2017  KENANGA Wah Seong - Expecting A Stronger 2H17
29/08/2017  HLG Wah Seong Bhd - 2Q17 Came in Below
02/08/2017  MIDF Wah Seong - Awarded Contract By Seimens SAS
02/08/2017  KENANGA Wah Seong Corporation - First Win of the Year
02/08/2017  HLG Wah Seong Bhd - Substation HVAC Contract
25/07/2017  HLG Wah Seong Bhd - Sale & Leaseback
24/07/2017  Market Access Securities Wah Seong - Shielded From Potential NS2 Hiccup
22/06/2017  KENANGA Wah Seong - Stronger Quarters Ahead



  3 people like this.
 
luckypunting Quietly edge up ... cunning :D
14/09/2017 20:51
luckypunting Oil & Gas sector is moving due to US Brent Crude price rally?
18/09/2017 10:57
lloydlim Make a come back soon?
18/09/2017 12:14
kuah Buy now no need wait for missile ... too late if wait missile
26/09/2017 08:04
luckypunting Oil & Gas sector rotating 'goreng' .... will this counter be the next or miss the boat :p
26/09/2017 15:02
rookie95 why wont it just break rm 1
26/09/2017 18:57
luckypunting probably engine will start next week .... October Fest :D
26/09/2017 20:49
rookie95 need to wait another weekend :/
29/09/2017 13:44
waseong Time to collecting. JFE work coming..
01/10/2017 11:59
rookie95 Whats with the consecutive drop?
03/10/2017 10:31
luckypunting Can the profit expectation be delivered?

1) Wah Seong expects to perform better in FY17, saying its order book “remains healthy” at RM3.7 billion, with RM3.5 billion for O&G, RM231.1 million for renewable energy, and RM40.9 million for industrial trading and services

2) Average of net margin from 2006 to 2014 is 4.07% (lower band of 2.xx to upper band of 6.xx). If taking the conservative 2.00% net margin, RM3.7b order book translate to RM 74m, about EPS=9.5?

3) Taking 15xPE, 9.5x15 = 142, potential value for share price =1.42 (much room for upside from current 0.935, >50%)

http://www.klsescreener.com/v2/news/view/275257/wah-seong-posts-profitable-2q-on-improved-o-g-contribution
22/10/2017 16:10
Jarklp wah, you expect the RM3.7b book will be realised within a year? The revenue in the trailing 12-month was around RM1.3b.
23/10/2017 23:46
luckypunting diam diam je, quietly, unnoticed .... why operator don't want people notice and follow the uptrend? :p

sendiri makan tak kan gemuk wor!!
08/11/2017 11:20
luckypunting Oh, great! MACD can break zero! If share price stay above 1.00 in next few days, short term bullish will test Kenanga TP 1.10, then hopefully after that will test Maybank TP 1.30.

Possibly the uptrend will be supported by coming good quarter result? :p
08/11/2017 12:09
toypoodle On viagra? Get teady to sell
08/11/2017 12:09
1965wang kah kah kah babi kena viagra
08/11/2017 12:31
ktgm tiba tiba ...
08/11/2017 12:49
luckypunting wah...really dun give face the price keep eating up...
08/11/2017 15:59
ivan9511 yes. lucky sapu at 80sen last time .
now good profit
limit up waseong
limit up limit up
limit up.
my armada and waseong also good profit .
only knm . knm I really disappointed with you knm I lost m9re than 30%
waseong profit more than 40%
armada profit 20%
knm loss about 35%
daya break even
diaolog profit
hibiscus profit
so please don't keep promote knm
08/11/2017 16:51
lloydlim Time to break new high!
08/11/2017 18:04
luckypunting Today Ron 95 up 7 cents ... sob*sob*sob* ... international oil price is increasing ...

Oil & Gas sector rotation play, now Waseong turn?
08/11/2017 20:25
david81 Waseong kena sued?? Tuoki
08/11/2017 21:29
Penarak Kena sue also price can up
08/11/2017 22:39
ivan9511 yes limit up
09/11/2017 00:01
luckypunting Going crazy .... anyone know what is the TP for the uptrend? Follow Maybank TP 1.30?

Can it sustain above 1.02 by this week?
09/11/2017 09:56
lloydlim Better than expected Qtr results to be released soon!
09/11/2017 10:41
luckypunting Is it really on the road to TP 1.30 by end Nov?? :p
09/11/2017 11:13
luckypunting https://klse.i3investor.com/servlets/staticfile/312276.jsp
09/11/2017 11:20
Davidl More to go in afternoon session!
09/11/2017 13:23
luckypunting "O&G counters rise on higher global crude oil prices"

http://www.theedgemarkets.com/article/og-counters-rise-higher-global-crude-oil-prices
09/11/2017 13:49
1965wang hari ini babi kena lagi viagra kah kah kah
09/11/2017 14:58
luckypunting "Wah Seong Corp at higher high", says AllianceDBS Research

The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact.

http://www.theedgemarkets.com/article/wah-seong-corp-higher-high-says-alliancedbs-research
10/11/2017 11:51
kuah Watch out for tdm
13/11/2017 10:54
Davidl Good qtr result to be expected!
13/11/2017 20:00
lloydlim Turn around story in de making!
17/11/2017 20:49
lloydlim Initiate coverage with buy and a target price (TP) of RM1.35: Our TP of RM1.35 is based on 12 times fully diluted financial year 2018 (FY18) earnings per share (EPS), which is the sector’s weighted average price-earnings for small-cap players. After two years in the doldrums amid the collapse in crude oil prices and a dwindling order book, earnings are poised to rebound from FY17. The turnaround was set in motion following the award of a €600 million (RM3 billion) pipe-coating job for the Nord Stream 2 (NS2) project. On the back of a total order book of RM3.5 billion, we forecast an earnings per share (EPS) compound annual growth rate (CAGR) of 22% for the FY17 to FY19 period. With more stable crude oil prices, demand for pipe-coating and engineering services for the oil and gas sector should improve going forward as we pencil in a modest annual replenishment assumption of RM200 million. In addition to an improved earnings outlook, Wah Seong is also looking to pare down its over-leveraged balance sheet (1.07 times net gearing as of June 30) by disposing of non-core assets, including its loss-making 49%-owned plantation in Congo.

Earnings recognition of the NS2 project will accelerate from the second half of FY17 onwards as coating activities have progressed to double shifts during the period. The progressive earnings delivery and consensus earnings (below our estimates) upgrades will act as share price catalysts.

Amid the oil price recovery and eventual return of upstream activities, a stronger than expected order book replenishment will further rerate Wah Seong. Furthermore, progress in its non-core assets divestment exercise will also be a boost.
19/11/2017 23:06
Kevin Khoo https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/871054896387712/?type=3&theater
21/11/2017 23:15
Davidl Higher high to be expected today!
22/11/2017 01:54
kuah Is back!
27/11/2017 15:46
ivan9511 yes.my waseong is up alot
lucky sell knm change to waseong
limit up
27/11/2017 17:12
david81 need to sell once the good result is out ?
27/11/2017 23:55
toypoodle No Year End Sales here likes other counters; escalating Waseong.
28/11/2017 10:17
Davidl Uptrend towards 1.35!
28/11/2017 10:36
hairry87 Good result..tmr fly..
29/11/2017 18:19
Davidl Better than expected! Let's c how market react tmr!
29/11/2017 22:46
Jarklp Yeah, good quarter !
29/11/2017 23:08
david81 as expected, have been dropping since result out
04/12/2017 22:40
kuah Normal... profit taking... once clear continues uptrend journey....hihi
05/12/2017 12:43
Penarak Has actually gone down
since the last Q results were announced
09/12/2017 08:38
kuah Coming d
13/12/2017 14:41


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