Highlights
KLSE: WASEONG (5142)       WAH SEONG CORP BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
1.42   +0.03 (2.16%)  1.37 - 1.43  1,574,700
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 1,100 Million
NOSH: 775 Million
Avg Volume (4 weeks):1,759,384
4 Weeks Range:1.13 - 1.46
4 Weeks Price Volatility (%):
87.88%
52 Weeks Range:0.595 - 1.46
52 Weeks Price Volatility (%):
95.38%
Average Price Target: 1.02
Price Target Upside/Downside: -0.40
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#3]  |  21-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  25-Feb-2020
T4Q P/E | EY: 24.59  |  4.07%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.3025  |  1.09
T4Q NP Margin | ROE: 1.28%  |  4.43%

Headlines

Date Subject
15-Jan-2020 M+ Online Technical Focus - 15 Jan 2019
15-Jan-2020 Stocks on Radar - Wah Seong Corporation (5142)
08-Jan-2020 【视频】华商控股 增长潜力被低估
07-Jan-2020 Trading Stocks - Wah Seong
07-Jan-2020 华商控股上挑RM1.40/敏源
30-Dec-2019 M+ Online Technical Focus - 30 Dec 2019
30-Dec-2019 Daily Market Update - 30 Dec 2019 (VSTECS, WASEONG)
19-Dec-2019 Trading Stocks - Wah Seong Corporation
19-Dec-2019 Daily technical highlights – (COMFORT, WASEONG)
25-Nov-2019 Trading Stocks - Wah Seong Corporation
22-Nov-2019 Wah Seong - Lower Revenue Recognition From Project Completion
22-Nov-2019 WAH SEONG CORPORATION BERHAD - Looking Forward
22-Nov-2019 Wah Seong Corporation - 1-2 More Weak Quarters
22-Nov-2019 Wah Seong Corporation - A Slight Miss, But Expected Nonetheless
22-Nov-2019 Mplus Market Pulse - 22 Nov 2019
19-Nov-2019 华商控股迈向RM1.40/敏源
18-Nov-2019 华商机构有望获卡塔尔石油合约
30-Oct-2019 Wah Seong Corporation Berhad - Greater Earnings Visibility
30-Oct-2019 Wah Seong Corporation - Positive On Improving Outlook
23-Oct-2019 Wah Seong Corporation - Not too late to the party

Business Background

Wah Seong Corp Bhd is engaged in the business of specialized pipe coating and corrosion protection services; Engineering, Procurement, and Construction (“EPC”); fabrication and rental of gas compressors and process equipment; Exploration and Production (“E&P”) of products and services; renewable energy and infrastructure materials and services. The company serves the plantations, oleo chemical, petrochemical and power generation industries. It also manufactures large diameter spiral steel pipes in Malaysia. Geographically the company is spread across Malaysia, Europe, India, China, Australia, Canada, Middle East, East Asia, Africa, and Latin America.
Analyze this stock with MQ Trader system

  3 people like this.
 
junetan11 why limit down? sour grape
23/10/2019 5:01 PM
Fundamental123 Basically, correction is a good chance to collect for investment;.
23/10/2019 5:17 PM
cheoky Maybe no correction all the way to limit up post announcement?
23/10/2019 7:18 PM
Winwin Announcement of what?
23/10/2019 8:16 PM
Jerichomy Yu _ Mee is correct...better wait...than u buy and cannot recover your loss.... there is unseen hand moving it without any concrete news
26/10/2019 5:41 PM
Jerichomy Pampers don’t be crying baby later
26/10/2019 5:42 PM
Jerichomy Or pamper is part of the syndicate hahaha
26/10/2019 5:42 PM
Jerichomy Why i know becoz my friend just ask me wherher average down armada based on 48 cents and advise her not too...now armada oreri drop to 43 cents
26/10/2019 5:44 PM
Jerichomy Pamper pls dont cause other ppl to lose so be quiet than harm ppl
26/10/2019 5:44 PM
hua91 Wa sell down now.. 1.04 now
04/11/2019 4:07 PM
cheoky bye
04/11/2019 10:48 PM
ramunia Coming, coming, on the way now
06/11/2019 9:25 PM
casanova New high again
08/11/2019 12:37 PM
perangbrown O&G rally continues, Sapura Energy and Wah Seong leading the pack today
08/11/2019 5:03 PM
7skies 7skies yes3x..waitin for what?? Monday sapuu lagi...BOOM !!!! go go go!
09/11/2019 3:17 PM
toypoodle Target price 1.30 hahaha
10/11/2019 10:01 PM
Wong Kah Wei Ready to fly higher
12/11/2019 9:10 AM
toypoodle Target price 1.31 hahaha
12/11/2019 10:55 AM
7skies burppp 1.21. tq..
12/11/2019 4:04 PM
cheoky brewing.... limit up?
13/11/2019 10:09 AM
toypoodle Target price 1.4 hahaha
13/11/2019 11:40 AM
tanrich Target price RM1.50 la.
13/11/2019 4:38 PM
david81 TP2.5 bro
13/11/2019 10:10 PM
Daily8 fuiyoh. up up hurray
13/11/2019 10:26 PM
toypoodle Target price 1.5 hahaha
14/11/2019 1:09 PM
junetan11 i am out on price 1.3
happy earning to everyone.
18/11/2019 10:11 AM
tanrich ya. Don't be so greedy
18/11/2019 10:54 AM
toypoodle Yes yes yes TP 1.50
18/11/2019 11:56 AM
Wong Kah Wei Wait 1.42
18/11/2019 12:47 PM
toypoodle Refuelling for 1.5 hahaha
19/11/2019 11:08 AM
junetan11 bad result oh
21/11/2019 5:48 PM
Collin Soo Can get at 1.00 tomorrow?
21/11/2019 11:01 PM
cheoky If 1ringgit can't get maybe can get it at rm2
24/11/2019 10:28 AM
Monte 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.
24/11/2019 9:20 PM
Penarak The Movers from 0.60 to 1.30 appear to have gone off for a well deserved vacation .
29/11/2019 2:17 PM
PresidentRotiCanai Good volume and price coming
02/12/2019 9:04 PM
PresidentRotiCanai Ah seong coming
02/12/2019 11:31 PM
PresidentRotiCanai 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
02/12/2019 11:48 PM
06/12/2019 12:00 AM
PresidentRotiCanai CPO up, should beneficial to waseong as well
06/12/2019 12:47 PM
William Ng 1.21 now, can buy?
07/12/2019 3:50 PM
cheoky telling my frds this is a boiling bull maybe i m wrong...
08/12/2019 11:49 PM
PresidentRotiCanai Rest for few days, waiting to up soon
09/12/2019 11:53 PM
PresidentRotiCanai RSI flat and heading up. MA9 and MA6 golden cross. Lai liao
10/12/2019 10:03 PM
MasterYoda bright future stock but tauke very kamsiap,no dividen at all ;(
11/12/2019 4:56 PM
Penarak https://oilprice.com/Energy/Natural-Gas/Americas-Last-Ditch-Effort-To-Stop-The-Nord-Stream-2-Pipeline.html
13/12/2019 2:05 PM
david81 Suddenly bounce back when everyone expecting it to continue downtrend.
18/12/2019 9:46 PM
James James Waseong is in the process of winding up?
06/01/2020 4:07 PM
speedlikecy Breakout with volume
14/01/2020 7:00 PM
Daily8 not bad today.
14/01/2020 9:08 PM


 

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