Highlights
KLSE: WASEONG (5142)       WAH SEONG CORP BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.98   -0.01 (1.01%)  0.965 - 0.985  166,500
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Overview

Market Cap: 759 Million
NOSH: 775 Million
Avg Volume (4 weeks):1,475,065
4 Weeks Range:0.95 - 1.15
4 Weeks Price Volatility (%):
15.00%
52 Weeks Range:0.915 - 1.71
52 Weeks Price Volatility (%):
8.18%
Average Price Target: 1.47
Price Target Upside/Downside: +0.49
Stamp duty exempted for year 2018

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2018 [#2]  |  30-Aug-2018
Next QR | Est. Ann. Date: 30-Sep-2018  |  29-Nov-2018
T4Q P/E | EY: 5.17  |  19.34%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.2165  |  0.81
T4Q NP Margin | ROE: 4.52%  |  15.58%

Headlines

Date Subject
03-Oct-2018 Stocks on Radar - Wah Seong Corporation
03-Oct-2018 AmWatch - Stock Focus of The Day
02-Oct-2018 Daily Market Update - 2 Oct 2018 (CCM, WASEONG)
27-Sep-2018 Technical Analysis - Wah Seong Corporation
27-Sep-2018 Stocks on Radar - Wah Seong Corporation
27-Sep-2018 Stock On Radar - Wah Seong Corporation
12-Sep-2018 Technical Analysis - Wah Seong Corporation
06-Sep-2018 [转贴] 为何WASEONG的股价从巅峰的RM1.71下跌到RM1.02? - Harryt30
03-Sep-2018 Wah Seong Corporation Berhad - Strong Contribution From OG Segment
03-Sep-2018 Wah Seong Corporation Berhad - Progressing Well, But…
03-Sep-2018 Wah Seong Corporation - 1H18 Deemed Within Expectations
03-Sep-2018 Wah Seong Corporation - Within Our Expectations - HLIB
28-Aug-2018 Wah Seong Corporation - JV With SAITO to Expand the RE Division
28-Aug-2018 PublicInvest Research Headlines - 28 Aug 2018
03-Aug-2018 Technical Analysis - Wah Seong Corporation
27-Jul-2018 Traders' Corner - Wah Seong Corporation (WSC MK)
27-Jul-2018 Technical Analysis - Wah Seong Corporation
06-Jul-2018 Malaysia Daily - 6 July 2018
06-Jul-2018 Mplus Market Pulse - 6 Jul 2018
06-Jul-2018 Wah Seong Corporation Berhad - New Distributorship Agreement

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.
Trade this stock for as low as 0.05% brokerage. Find out more.

  3 people like this.
 
wakarimas good qr result
30/08/2018 19:19
sysz820 Waseong good result compare others oil counter
30/08/2018 19:31
Investor 9999 For the quarter Q2 2018, the Group recorded revenue of RM 760.0 mil, more than 70% increase from its revenue of RM 446.0 mil in the corresponding quarter last year. This had contributed to the Group recording a healthy net profit after Non-Controlling Interests of RM 21.0 mil (with EPS of 2.72 Sen) from RM 6.9 mil (with EPS of 0.9 Sen) in the corresponding quarter in 2017.


For the 1st half Year 2018, the Group recorded revenue of RM 1,553 mil, about 204% increase from its revenue of RM 763 mil in the corresponding 1st Half last year 2017. The Group recording a healthy net profit after Non-Controlling Interests of RM 50.3 mil (with EPS of 6.5 Sen) from RM 16.4 mil (with EPS of 2.12 Sen) in the corresponding 1st Half year in 2017, a jump of 306%.

Gross profit margin in Q2 has improved to 11.24% compared to 10.61% in Q1, however when compared to FY 2017 of 12.43%, it is lower due to weaker RM vs USD resulting in an exchange loss of RM6 mil for Q2 and RM5.5 mil for 1st Half 2018. I reviewed the core Oil and Gas profit before interest, before share of results of Associates and JV entities and exceptional income and expenses, its core profit for Oil and Gas has improved from Q4 2017 of RM34.4 mil to RM37.2 in Q2 2018.

When compared Q2 2018 profit before tax against Q1 2018, Q2 PBT has dropped from RM35.9 mil to RM28.9 mil. However take note that there is profit on disposal of PPE of RM8 mil in Q1 and Q2 Profit on disposal of PPE is RM1 mil. If you adjust the gain on disposal of PPE out, core profit before tax has remained the same at for both quarters at RM 27.9 mil despite Q2 suffering Forex Loss of RM 6 mil.
03/09/2018 10:41
junetan20 can buy now?
03/09/2018 15:26
kokchengkai what happend to waseong ...curious why keep droping after QR report
04/09/2018 16:42
Tripaka Running south again...
04/09/2018 17:46
david81 gone case suddenly....
05/09/2018 10:34
Lim Tek Wai Best timing to invest now, buy more earn more hehehe
05/09/2018 10:43
TIticamara Wah Seong’s share price likely to still be under pressure as the status of our local pipeline projects i.e., Trans Sabah Gas Pipeline and Multi Products Pipeline remain uncertain.
05/09/2018 11:37
lloydlim Waiting at 0.90 to start buying
05/09/2018 15:26
Chengkai Kok They involved in sabah pipeline project meh;??
05/09/2018 15:34
Chengkai Kok USD strong izzit good for waseong??
05/09/2018 15:38
bonbon I don't think Waseong was involved in the Sabah pipeline. Really curious why it drops unstoppably since it released its quarter result. The result is not bad. Anyhow, nowadays the whole market sentiment isn't good and this could impact the share price too
05/09/2018 15:54
zombie321 road to holland
05/09/2018 16:14
Tripaka No more waaaa.... Seong, now waaaa... Lok!!
05/09/2018 16:30
systane yes.. time to buy
05/09/2018 22:07
Yael Jasper Good job ! keep rising....
06/09/2018 10:32
ITreeinvestor Good job ! keep droping....
06/09/2018 14:38
junetan20 apahal ya?
06/09/2018 14:45
Jeff Lee train to holland...
06/09/2018 22:40
andr Buying in slowly but surely.
07/09/2018 08:56
junetan20 up back
07/09/2018 16:07
Shareshare1594 @Jeff Lee train to holland... you bought one-way ticket only ah? :)
07/09/2018 21:02
Lim Tek Wai This stock become stronger and stronger, worth to invest
12/09/2018 11:42
david81 below RM1....unbelievable
12/09/2018 12:01
Davidl Seems like downtrend towards 0.80
12/09/2018 13:11
feimah Price plunged due to IB gave negative outlook last week.
12/09/2018 13:37
dompeilee Bought some Waseong @ 99.5c-1.01
13/09/2018 15:58
TIticamara All hope is not lost. There is also potential for additional work from the NS2 project as it seeks new routes to avoid Denmark territorial waters on security grounds.

https://sputniknews.com/europe/201808101067092687-nord-stream-new-route-denmark/
13/09/2018 17:53
Alex Chua US is pressuring Germany and Europe to cancel nord 2 and import from us
17/09/2018 19:30
Keith Han Director quite confident .. buy back since 1.30 until now. Looks like DUFU few month ago.
19/09/2018 10:50
dompeilee Bought some Waseong @ 99.5c-1.01
13/09/2018 15:58

Commmminnnngggg my dearest =)
19/09/2018 16:11
param54 buyers coming
21/09/2018 15:34
Keith Han Today dunno got buy back anot
21/09/2018 18:04
junetan20 lai liao lai liao
26/09/2018 10:24
oregami got new project?
26/09/2018 14:15
param54 oil trend
26/09/2018 16:11
oregami may b got new project not announced yet. insiders sapu.
26/09/2018 17:05
Solomon7 Sailing to 120
26/09/2018 18:40
Keith Han TA Just cross MACD.. Barrier at 1.21 ..
26/09/2018 18:46
dompeilee Bought some Waseong @ 99.5c-1.01
13/09/2018 15:58

Yahooooo!!! =)
26/09/2018 19:09
dompeilee Bought some Waseong @ 99.5c-1.01
13/09/2018 15:58

Took some 2 wk profits on Waseong @ 1.09-1.11 this morning =)
27/09/2018 11:53
Keith Han Now only got movement.. wait you so long already..
02/10/2018 10:22
一卖 就涨 contra earn some duit kopi. 9 year ago when I'm a newbie I bought Waseong and earn some profit, this is my 2nd time to buy Waseong, tq.
02/10/2018 10:35
junetan20 hehe, flying....... tp to 1.2
02/10/2018 12:27
Superb99 slow....
03/10/2018 17:28
junetan20 green green
05/10/2018 16:00
Keith Han Eh.. so powerful.. good news coming?
05/10/2018 16:03
08/10/2018 16:47
davidkkw79 Wow... coldeye master has mentioned this waseong as a strong recover STOCK
13/10/2018 15:41


 

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