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Last Price Today's Change   Day's Range   Trading Volume
1.29   -0.04 (3.01%)  1.23 - 1.31  13,336,300
1,829 comment(s). Last comment by sell at Feb 19, 2020 7:05 AM
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cheoky
2704 posts

Posted by cheoky > Nov 24, 2019 10:28 AM | Report Abuse

If 1ringgit can't get maybe can get it at rm2


Monte
15 posts

Posted by Monte > Nov 24, 2019 9:20 PM | Report Abuse

Not really ba,d given the huge investment expenditure from cash flow activities which will bring in better future gains. Good investment and you can see the huge support around RM 1.18 despite the perceived "bad" quarter.


Penarak
45 posts

Posted by Penarak > Nov 29, 2019 2:17 PM | Report Abuse

The Movers from 0.60 to 1.30 appear to have gone off for a well deserved vacation .


PresidentRotiCanai
520 posts

Posted by PresidentRotiCanai > Dec 2, 2019 9:04 PM | Report Abuse

Good volume and price coming


PresidentRotiCanai
520 posts

Posted by PresidentRotiCanai > Dec 2, 2019 11:31 PM | Report Abuse

Ah seong coming


PresidentRotiCanai
520 posts

Posted by PresidentRotiCanai > Dec 2, 2019 11:48 PM | Report Abuse

Wah Seong Corp Bhd
(Nov 22, RM1.26)
Maintain buy with an unchanged target price (TP) of RM1.50: The third quarter of financial year 2019 (3QFY19) results were ahead of our expectation due to stronger-than-expected associate earnings and lower taxes but in line with consensus. We raise financial year 2019 estimated (FY19E) earnings by 19% and remain positive on Wah Seong Corp Bhd’s prospects. Order book visibility is rising and Wah Seong is a key beneficiary of higher: i) engineering and fabrication; and ii) pipe-coating works. The former will lead growth in FY20 while the latter will feature prominently from FY21. Our TP is unchanged, pegged at 10.9 times FY21 price-to-earnings (P/E), its three-year mean to factor a pickup in industry order book visibility.

Wah Seong’s core net profit of RM17 million ( 31% quarter-on-quarter [q-o-q]; -44% year-on-year [y-o-y]) took cumulative nine-month period of financial year 2019 (9MFY19) core earnings to RM49 million ( 36% y-o-y), 94% of our initial FY estimate of RM52 million. Contrary to our initial expectations of a flat sequential performance, the q-o-q strength in 3QFY19 was driven largely by higher associate profit ( 73% to RM6 million due to higher contribution from its 26.9%-owned Petra Energy Bhd) and lower taxes (-69% to -RM3 million).

We raised FY19E earnings by 19% to RM62 million post 3QFY19, taking into account mainly the higher associate profit ( 150%). We expect a weaker 4QFY19 (-24% q-o-q), due to seasonal softness with its Nordstream 2 operations ending in January 2020. Our FY20-21 estimates are unchanged.

We see Wah Seong capitalising on the resurgence in offshore engineering and fabrication orders, particularly for process equipment modules as it rides on the strong floating production, storage and offloading (FPSO) order pipeline in 2020. That segment could add about US$300 million to US$450 million (RM1.25 billion to RM1.88 billion) to its order book. Its pipe-coating prospects will feature prominently in 2021, with its 60:40 Qatar operations (US$300 million) alone contributing from FY21-23E. — Maybank IB Research, Nov 22


PresidentRotiCanai
520 posts

Posted by PresidentRotiCanai > Dec 6, 2019 12:00 AM | Report Abuse

Ah seong


PresidentRotiCanai
520 posts

Posted by PresidentRotiCanai > Dec 6, 2019 12:47 PM | Report Abuse

CPO up, should beneficial to waseong as well


William Ng
656 posts

Posted by William Ng > Dec 7, 2019 3:50 PM | Report Abuse

1.21 now, can buy?


cheoky
2704 posts

Posted by cheoky > Dec 8, 2019 11:49 PM | Report Abuse

telling my frds this is a boiling bull maybe i m wrong...


PresidentRotiCanai
520 posts

Posted by PresidentRotiCanai > Dec 9, 2019 11:53 PM | Report Abuse

Rest for few days, waiting to up soon


PresidentRotiCanai
520 posts

Posted by PresidentRotiCanai > Dec 10, 2019 10:03 PM | Report Abuse

RSI flat and heading up. MA9 and MA6 golden cross. Lai liao


MasterYoda
63 posts

Posted by MasterYoda > Dec 11, 2019 4:56 PM | Report Abuse

bright future stock but tauke very kamsiap,no dividen at all ;(


Penarak
45 posts

Posted by Penarak > Dec 13, 2019 2:05 PM | Report Abuse

https://oilprice.com/Energy/Natural-Gas/Americas-Last-Ditch-Effort-To-Stop-The-Nord-Stream-2-Pipeline.html


david81
277 posts

Posted by david81 > Dec 18, 2019 9:46 PM | Report Abuse

Suddenly bounce back when everyone expecting it to continue downtrend.


James James
254 posts

Posted by James James > Jan 6, 2020 4:07 PM | Report Abuse

Waseong is in the process of winding up?


speedlikecy
300 posts

Posted by speedlikecy > Jan 14, 2020 7:00 PM | Report Abuse

Breakout with volume


Daily8
3139 posts

Posted by Daily8 > Jan 14, 2020 9:08 PM | Report Abuse

not bad today.


Yu_and_Mee
1643 posts

Posted by Yu_and_Mee > Feb 18, 2020 7:14 PM | Report Abuse

Limit "up" tomorrow because of the QR.


Yu_and_Mee
1643 posts

Posted by Yu_and_Mee > Feb 18, 2020 7:14 PM | Report Abuse

Got legs don't know legs can run or not tomorrow


Primeinvestor
515 posts

Posted by Primeinvestor > Feb 18, 2020 7:15 PM | Report Abuse

Goodbye my lovely wahseong


gemfinder
723 posts

Posted by gemfinder > Feb 18, 2020 7:48 PM | Report Abuse

Wow. Wat a,negative surprose. Gap down tomolo


fstex
9 posts

Posted by fstex > Feb 18, 2020 7:56 PM | Report Abuse

Die smelly... RIP


c2k9791
96 posts

Posted by c2k9791 > Feb 18, 2020 8:24 PM | Report Abuse

Bomb......-X X-


david81
277 posts

Posted by david81 > Feb 18, 2020 10:11 PM | Report Abuse

Future is bright, so it may not be that bad tomorrow


CUTLOST
1783 posts

Posted by CUTLOST > Feb 18, 2020 11:27 PM | Report Abuse

Wow.. Mana mau unload esok nie.. Satu lori penuh contract note nie.


sell
2096 posts

Posted by sell > Feb 19, 2020 7:01 AM | Report Abuse

Not every1 gain from Petronas spendings. Only Sarawak O&G companies does.


sell
2096 posts

Posted by sell > Feb 19, 2020 7:04 AM | Report Abuse

When revenue drop a lot loss is the result.


sell
2096 posts

Posted by sell > Feb 19, 2020 7:05 AM | Report Abuse

Should buy back Penergy haha.

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