Highlights
KLSE: WASEONG (5142)       WAH SEONG CORP BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.455   -0.01 (2.15%)  0.455 - 0.48  4,456,000
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Financials


Market Cap: 353 Million

Market Cap 353 Million
NOSH 775 Million

Latest Audited Result:  31-Dec-2019

Latest Audited Result: 31-Dec-2019
Announcement Date 18-May-2020
Next Audited Result: 31-Dec-2020
Est. Ann. Date: 18-May-2021
Est. Ann. Due Date: 29-Jun-2021

Latest Quarter:  30-Jun-2020 [#2]

Latest Quarter: 30-Jun-2020 [#2]
Announcement Date 27-Aug-2020
Next Quarter: 30-Sep-2020
Est. Ann. Date: 21-Nov-2020
Est. Ann. Due Date: 29-Nov-2020
QoQ | YoY   33.29%  |    -254.02%

Annual (Unaudited) ( EPS: 3.11, P/E: 14.61 )

Revenue | NP to SH 2,514,916  |  24,136
RPS | P/RPS 324.55 Cent  |  0.14
EPS | P/E | EY 3.11 Cent  |  14.61  |  6.85%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.26  |  0.36
YoY   -62.75%
NP Margin | ROE 0.54%  |  2.47%
F.Y. | Ann. Date 31-Dec-2019  |  18-Feb-2020

T4Q Result ( EPS: -11.53, P/E: -3.95 )

Revenue | NP to SH 1,643,597  |  -89,369
RPS | P/RPS 212.11 Cent  |  0.21
EPS | P/E | EY -11.53 Cent  |  -3.95  |  -25.35%
DPS | DY | Payout % 0.99 Cent  |  2.18%  |  - %
NAPS | P/NAPS 1.18  |  0.39
QoQ | YoY   -120.71%  |    -265.65%
NP Margin | ROE -6.09%  |  -9.78%
F.Y. | Ann. Date 30-Jun-2020  |  27-Aug-2020

Annualized Result ( EPS: -19.12, P/E: -2.38 )

Revenue | NP to SH 1,139,710  |  -148,124
RPS | P/RPS 147.08 Cent  |  0.31
EPS | P/E | EY -19.12 Cent  |  -2.38  |  -42.01%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   16.65%  |    -287.77%
NP Margin | ROE -14.15%  |  -16.22%
F.Y. | Ann. Date 30-Jun-2020  |  27-Aug-2020


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2020 27-Aug-2020 30-Jun-2020 2 243,115 -30,512 -34,404 -29,636 - 913,337 - % -14.15% -3.24% 774,015 31.41 31.37 -3.83 -3.82 0.00 0.00 1.1800 1.18   33.29%   -254.02% 30-Jun-2020 0.50 1.59 -13.06 0.42 -7.66% 0.00% 27-Aug-2020 0.525 1.67 -13.71 0.44 -7.29% 0.00%
31-Dec-2020 20-May-2020 31-Mar-2020 1 326,740 -43,256 -46,203 -44,426 7,704 939,962 - % -14.14% -4.73% 770,461 42.41 42.17 -5.77 -5.73 1.00 0.99 1.2200 1.21   -45.22%   -319.92% 31-Mar-2020 0.53 1.25 -9.19 0.43 -10.88% 1.89% 20-May-2020 0.695 1.64 -12.05 0.57 -8.30% 1.44%
31-Dec-2019 18-Feb-2020 31-Dec-2019 4 429,250 -63,831 -33,201 -30,593 - 978,485 - % -7.73% -3.13% 770,461 55.71 55.40 -3.97 -3.95 0.00 0.00 1.2700 1.26   -300.14%   -206.64% 31-Dec-2019 1.20 2.15 -30.22 0.94 -3.31% 0.00% 18-Feb-2020 1.33 2.39 -33.50 1.05 -2.99% 0.00%
31-Dec-2019 21-Nov-2019 30-Sep-2019 3 644,492 16,587 13,671 15,286 - 1,009,303 - % 2.12% 1.51% 770,461 83.65 83.17 1.98 1.97 0.00 0.00 1.3100 1.30   -20.56%   -37.57% 30-Sep-2019 0.61 0.73 30.75 0.47 3.25% 0.00% 21-Nov-2019 1.24 1.48 62.50 0.95 1.60% 0.00%
31-Dec-2019 30-Aug-2019 30-Jun-2019 2 757,419 26,549 17,186 19,242 - 1,001,599 - % 2.27% 1.92% 770,461 98.31 97.75 2.50 2.48 0.00 0.00 1.3000 1.29   -4.75%   -8.56% 28-Jun-2019 0.71 0.72 28.43 0.55 3.52% 0.00% 30-Aug-2019 0.61 0.62 24.42 0.47 4.09% 0.00%
31-Dec-2019 13-May-2019 31-Mar-2019 1 683,755 26,257 15,911 20,201 - 978,485 - % 2.33% 2.06% 770,461 88.75 88.24 2.62 2.61 0.00 0.00 1.2700 1.26   302.48%   -30.92% 29-Mar-2019 0.775 0.87 29.56 0.61 3.38% 0.00% 13-May-2019 0.70 0.79 26.70 0.55 3.75% 0.00%
31-Dec-2018 25-Feb-2019 31-Dec-2018 4 706,369 5,015 -10,935 -9,977 - 955,638 - % -1.55% -1.04% 770,676 91.66 91.16 -1.29 -1.29 0.00 0.00 1.2400 1.23   -140.75%   -115.12% 31-Dec-2018 0.635 0.69 -49.05 0.51 -2.04% 0.00% 25-Feb-2019 0.905 0.99 -69.91 0.73 -1.43% 0.00%
31-Dec-2018 27-Nov-2018 30-Sep-2018 3 701,920 37,377 24,332 24,486 - 972,813 - % 3.47% 2.52% 772,074 90.91 90.58 3.17 3.16 0.00 0.00 1.2600 1.26   16.36%   -20.11% 28-Sep-2018 1.06 1.17 33.42 0.84 2.99% 0.00% 27-Nov-2018 0.81 0.89 25.54 0.64 3.92% 0.00%
31-Dec-2018 30-Aug-2018 30-Jun-2018 2 760,010 28,781 22,497 21,043 - 942,647 - % 2.96% 2.23% 772,662 98.36 98.08 2.72 2.72 0.00 0.00 1.2200 1.22   -28.05%   203.26% 29-Jun-2018 1.27 1.29 46.63 1.04 2.14% 0.00% 30-Aug-2018 1.22 1.24 44.80 1.00 2.23% 0.00%
31-Dec-2018 16-May-2018 31-Mar-2018 1 792,832 35,915 23,968 29,245 - 919,621 - % 3.02% 3.18% 772,791 102.59 102.32 3.78 3.77 0.00 0.00 1.1900 1.19   -55.67%   208.85% 30-Mar-2018 1.45 1.41 38.32 1.22 2.61% 0.00% 16-May-2018 1.54 1.50 40.69 1.29 2.46% 0.00%
31-Dec-2017 26-Feb-2018 31-Dec-2017 4 979,204 61,928 74,245 65,964 - 896,437 - % 7.58% 7.36% 772,791 126.71 126.37 8.54 8.51 0.00 0.00 1.1600 1.16   115.22%   133.26% 29-Dec-2017 1.11 0.88 13.00 0.96 7.69% 0.00% 26-Feb-2018 1.67 1.32 19.56 1.44 5.11% 0.00%
31-Dec-2017 29-Nov-2017 30-Sep-2017 3 750,062 42,640 27,567 30,649 - 819,158 - % 3.68% 3.74% 772,791 97.06 96.80 3.97 3.96 0.00 0.00 1.0600 1.06   341.69%   220.55% 29-Sep-2017 0.97 1.00 24.46 0.92 4.09% 0.00% 29-Nov-2017 1.20 1.24 30.26 1.13 3.31% 0.00%
31-Dec-2017 28-Aug-2017 30-Jun-2017 2 446,065 13,450 9,559 6,939 - 788,246 - % 2.14% 0.88% 772,791 57.72 57.57 0.90 0.90 0.00 0.00 1.0200 1.02   -26.72%   200.42% 30-Jun-2017 0.94 1.63 104.69 0.92 0.96% 0.00% 28-Aug-2017 1.03 1.78 114.71 1.01 0.87% 0.00%
31-Dec-2017 30-May-2017 31-Mar-2017 1 316,769 4,587 3,272 9,469 - 780,518 - % 1.03% 1.21% 772,791 40.99 40.88 1.23 1.22 0.00 0.00 1.0100 1.01   104.77%   301.40% 31-Mar-2017 0.875 2.13 71.41 0.87 1.40% 0.00% 30-May-2017 0.89 2.17 72.64 0.88 1.38% 0.00%
31-Dec-2016 28-Feb-2017 31-Dec-2016 4 330,216 -202,019 -200,406 -198,325 - 772,701 - % -60.69% -25.67% 772,701 42.74 42.61 -25.66 -25.59 0.00 0.00 1.0000 1.00   -680.07%   -533.91% 30-Dec-2016 0.805 1.88 -3.14 0.81 -31.88% 0.00% 28-Feb-2017 0.905 2.12 -3.53 0.91 -28.36% 0.00%
31-Dec-2016 29-Nov-2016 30-Sep-2016 3 278,070 -22,946 -26,455 -25,424 - 1,058,689 - % -9.51% -2.40% 772,765 35.98 35.89 -3.29 -3.28 0.00 0.00 1.3700 1.37   -267.93%   -960.95% 30-Sep-2016 0.875 2.43 -26.60 0.64 -3.76% 0.00% 29-Nov-2016 0.795 2.21 -24.16 0.58 -4.14% 0.00%
31-Dec-2016 30-Aug-2016 30-Jun-2016 2 327,424 -3,251 -5,505 -6,910 3,874 1,084,843 - % -1.68% -0.64% 774,888 42.25 42.25 -0.89 -0.89 0.50 0.50 1.4000 1.40   -392.92%   -160.78% 30-Jun-2016 0.71 1.68 -79.62 0.51 -1.26% 0.70% 30-Aug-2016 0.845 2.00 -94.76 0.60 -1.06% 0.59%
31-Dec-2016 30-May-2016 31-Mar-2016 1 340,878 2,354 -2,187 2,359 - 1,084,843 - % -0.64% 0.22% 774,888 43.99 43.99 0.31 0.31 0.00 0.00 1.4000 1.40   107.54%   -91.07% 31-Mar-2016 0.745 1.69 244.72 0.53 0.41% 0.00% 30-May-2016 0.685 1.56 225.01 0.49 0.44% 0.00%
31-Dec-2015 29-Feb-2016 31-Dec-2015 4 448,098 -17,014 -34,692 -31,286 7,748 1,123,587 - % -7.74% -2.78% 774,888 57.83 57.83 -4.04 -4.04 1.00 1.00 1.4500 1.45   -1,159.47%   -190.52% 31-Dec-2015 0.955 1.65 -23.65 0.66 -4.23% 1.05% 29-Feb-2016 0.80 1.38 -19.81 0.55 -5.05% 1.25%
31-Dec-2015 27-Nov-2015 30-Sep-2015 3 407,566 14,156 2,162 2,953 - 1,170,080 - % 0.53% 0.25% 774,888 52.60 52.60 0.38 0.38 0.00 0.00 1.5100 1.51   -74.02%   -90.26% 30-Sep-2015 1.21 2.30 317.51 0.80 0.31% 0.00% 27-Nov-2015 1.08 2.05 283.40 0.72 0.35% 0.00%
31-Dec-2015 28-Aug-2015 30-Jun-2015 2 461,016 16,407 10,638 11,368 15,466 1,121,333 136.05% 2.31% 1.01% 773,333 59.61 59.49 1.47 1.47 2.00 2.00 1.4500 1.45   -56.97%   -71.64% 30-Jun-2015 1.38 2.31 93.88 0.95 1.07% 1.45% 28-Aug-2015 1.25 2.10 85.03 0.86 1.18% 1.60%
31-Dec-2015 25-May-2015 31-Mar-2015 1 522,844 22,151 10,024 26,418 - 1,100,104 - % 1.92% 2.40% 774,721 67.49 67.47 3.41 3.41 0.00 0.00 1.4200 1.42   -23.56%   28.19% 31-Mar-2015 1.24 1.84 36.36 0.87 2.75% 0.00% 25-May-2015 1.31 1.94 38.42 0.92 2.60% 0.00%
31-Dec-2014 26-Feb-2015 31-Dec-2014 4 711,528 56,559 40,290 34,562 24,455 1,072,347 70.76% 5.66% 3.22% 771,473 92.23 91.82 4.48 4.46 3.17 3.16 1.3900 1.38   14.04%   67.57% 31-Dec-2014 1.21 1.31 27.01 0.87 3.70% 2.62% 26-Feb-2015 1.37 1.49 30.58 0.99 3.27% 2.31%
31-Dec-2014 28-Nov-2014 30-Sep-2014 3 592,460 35,228 31,650 30,306 - 1,028,239 - % 5.34% 2.95% 773,112 76.63 76.46 3.92 3.91 0.00 0.00 1.3300 1.33   -24.40%   607.92% 30-Sep-2014 1.77 2.31 45.15 1.33 2.21% 0.00% 28-Nov-2014 1.58 2.06 40.31 1.19 2.48% 0.00%
31-Dec-2014 25-Aug-2014 30-Jun-2014 2 652,074 77,023 54,178 40,088 19,347 1,013,808 48.26% 8.31% 3.95% 773,899 84.26 84.15 5.18 5.17 2.50 2.50 1.3100 1.31   94.52%   346.91% 30-Jun-2014 1.89 2.24 36.49 1.44 2.74% 1.32% 25-Aug-2014 1.88 2.23 36.29 1.44 2.76% 1.33%
31-Dec-2014 27-May-2014 31-Mar-2014 1 482,558 29,672 20,992 20,609 - 983,963 - % 4.35% 2.09% 774,774 62.28 62.27 2.66 2.66 0.00 0.00 1.2700 1.27   -0.08%   1,427.04% 31-Mar-2014 1.91 3.07 71.80 1.50 1.39% 0.00% 27-May-2014 1.98 3.18 74.44 1.56 1.34% 0.00%
31-Dec-2013 25-Feb-2014 31-Dec-2013 4 494,596 40,182 24,869 20,625 23,857 985,074 115.67% 5.03% 2.09% 769,589 64.27 63.83 2.68 2.66 3.10 3.08 1.2800 1.27   381.78%   293.83% 31-Dec-2013 1.65 2.57 61.57 1.29 1.62% 1.88% 25-Feb-2014 1.99 3.10 74.25 1.55 1.35% 1.56%
31-Dec-2013 25-Nov-2013 30-Sep-2013 3 415,374 11,048 3,598 4,281 - 963,224 - % 0.87% 0.44% 764,464 54.34 53.60 0.56 0.55 0.00 0.00 1.2600 1.24   -52.27%   -54.81% 30-Sep-2013 1.70 3.13 303.57 1.35 0.33% 0.00% 25-Nov-2013 1.72 3.17 307.14 1.37 0.33% 0.00%
31-Dec-2013 22-Aug-2013 30-Jun-2013 2 441,507 15,594 10,215 8,970 15,465 974,327 172.41% 2.31% 0.92% 773,275 57.10 56.98 1.16 1.16 2.00 2.00 1.2600 1.26   677.59%   -55.25% 28-Jun-2013 1.82 3.19 156.90 1.44 0.64% 1.10% 22-Aug-2013 1.77 3.10 152.59 1.40 0.66% 1.13%
31-Dec-2013 29-May-2013 31-Mar-2013 1 427,906 -2,506 -6,390 -1,553 - 962,859 - % -1.49% -0.16% 776,499 55.11 55.22 -0.20 -0.20 0.00 0.00 1.2400 1.24   -129.65%   -108.73% 29-Mar-2013 1.65 2.99 -825.00 1.33 -0.12% 0.00% 29-May-2013 1.96 3.56 -980.00 1.58 -0.10% 0.00%
31-Dec-2012 26-Feb-2013 31-Dec-2012 4 463,820 9,652 3,965 5,237 30,805 985,788 588.24% 0.85% 0.53% 770,147 60.22 59.86 0.68 0.68 4.00 3.98 1.2800 1.27   -44.72%   -73.17% 31-Dec-2012 1.65 2.74 242.65 1.29 0.41% 2.42% 26-Feb-2013 1.66 2.76 244.12 1.30 0.41% 2.41%
31-Dec-2012 26-Nov-2012 30-Sep-2012 3 482,613 14,918 6,384 9,473 - 1,001,653 - % 1.32% 0.95% 776,475 62.15 62.28 1.22 1.22 0.00 0.00 1.2900 1.29   -52.74%   -55.51% 28-Sep-2012 1.75 2.82 143.44 1.36 0.70% 0.00% 26-Nov-2012 1.80 2.90 147.54 1.40 0.68% 0.00%
31-Dec-2012 28-Aug-2012 30-Jun-2012 2 523,559 34,254 26,047 20,044 22,863 1,006,010 114.07% 4.97% 1.99% 762,129 68.70 67.57 2.63 2.59 3.00 2.95 1.3200 1.30   12.71%   -23.48% 29-Jun-2012 1.88 2.74 71.48 1.42 1.40% 1.60% 28-Aug-2012 1.82 2.65 69.20 1.38 1.45% 1.65%
31-Dec-2012 31-May-2012 31-Mar-2012 1 481,560 23,657 24,232 17,784 - 1,012,914 - % 5.03% 1.76% 773,217 62.28 62.15 2.30 2.30 0.00 0.00 1.3100 1.31   -8.89%   -58.99% 30-Mar-2012 2.07 3.32 90.00 1.58 1.11% 0.00% 31-May-2012 1.91 3.07 83.04 1.46 1.20% 0.00%
31-Dec-2011 22-Feb-2012 31-Dec-2011 4 514,212 33,504 20,562 19,520 23,238 1,030,222 119.05% 4.00% 1.89% 774,603 66.38 66.36 2.52 2.52 3.00 3.00 1.3300 1.33   -8.33%   -21.19% 30-Dec-2011 2.07 3.12 82.14 1.56 1.22% 1.45% 22-Feb-2012 2.00 3.01 79.37 1.50 1.26% 1.50%
31-Dec-2011 15-Nov-2011 30-Sep-2011 3 478,843 36,673 29,540 21,293 - 996,208 - % 6.17% 2.14% 760,464 62.97 61.80 2.80 2.75 0.00 0.00 1.3100 1.29   -18.71%   70.51% 30-Sep-2011 1.97 3.13 70.36 1.50 1.42% 0.00% 15-Nov-2011 2.05 3.26 73.21 1.56 1.37% 0.00%
31-Dec-2011 25-Aug-2011 30-Jun-2011 2 405,158 34,409 29,392 26,193 23,248 1,030,671 88.76% 7.25% 2.54% 774,940 52.28 52.29 3.38 3.38 3.00 3.00 1.3300 1.33   -39.60%   1,439.86% 30-Jun-2011 2.45 4.69 72.49 1.84 1.38% 1.22% 25-Aug-2011 2.14 4.09 63.31 1.61 1.58% 1.40%
31-Dec-2011 11-May-2011 31-Mar-2011 1 490,898 68,682 51,745 43,368 - 1,009,095 - % 10.54% 4.30% 770,301 63.73 63.35 5.63 5.60 0.00 0.00 1.3100 1.30   75.10%   154.75% 31-Mar-2011 2.11 3.31 37.48 1.61 2.67% 0.00% 11-May-2011 2.18 3.42 38.72 1.66 2.58% 0.00%
31-Dec-2010 17-Feb-2011 31-Dec-2010 4 397,228 35,260 27,722 24,768 19,349 990,719 78.12% 6.98% 2.50% 773,999 51.32 51.26 3.20 3.20 2.50 2.50 1.2800 1.28   98.33%   -28.91% 30-Dec-2010 2.07 4.03 64.69 1.62 1.55% 1.21% 17-Feb-2011 2.31 4.50 72.19 1.80 1.39% 1.08%
31-Dec-2010 30-Nov-2010 30-Sep-2010 3 346,764 18,864 10,816 12,488 - 944,214 - % 3.12% 1.32% 761,463 45.54 44.75 1.64 1.61 0.00 0.00 1.2400 1.22   634.16%   -59.75% 30-Sep-2010 2.16 4.74 131.71 1.74 0.76% 0.00% 30-Nov-2010 2.02 4.44 123.17 1.63 0.81% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  3 people like this.
 
tkl88 Wow, Amazing !
Oil price already turn green and spike up like mad !

As at 4.15pm,
Nymex at => $37.52 (+0.76) (+2.07 percent) !
Brent at => $46.17 (+0.62) (+1.56 percent) !
09/09/2020 4:18 PM
tkl88 Walaoeh, Dow Jones super bull run !‬

‪Dow Jones closed at=>‬ 27,940.47 (+439.58) (+1.60 %) !
10/09/2020 7:01 AM
yhyhtiah Stop reporting only the good data
14/09/2020 4:20 PM
tkl88 Oil rises 2%, reverses loses as OPEC+ addresses market weakness
Jessica Resnick-Ault
THU SEP 17, 2020 / 3:13 PM EDT

https://www.google.com.my/amp/s/mobile.reuters.com/article/amp/idUSKBN26804N

Nymex=>at $40.97 (+$0.81) (+2.02%) !
Brent=> at $43.30 (+$1.08) (+2.56%) !
18/09/2020 7:21 AM
tkl88 NEW YORK (Reuters) - Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.
After falling early in the session amid bearish jobs numbers and a ramp up in Gulf of Mexico oil output following Hurricane Sally, crude benchmarks reversed course to gain on the day, bolstered by comments from OPEC.
"Although no amendments to the current supply-cut deal have been proposed by OPEC+ today, the producers group gave the impression that it does not sweep troubles under the carpet," said Rystad Energy's Head of Oil Markets, Bjornar Tonhaugen.
Brent oil futures extended gains to settle up $1.08 or 2.56% at $43.30 a barrel. U.S. crude futures settled higher by 81 cents, or 2.02% at $40.97 a barrel. Both contracts rose more than 4% on Wednesday.
The panel of major producers, including Saudi Arabia and Russia, did not recommend any changes to their current output reduction target of 7.7 million barrels per day (bpd), or around 8% of global demand, according to a draft press release and an internal report.
The panel pressed laggards such as Iraq, Nigeria and the United Arab Emirates to cut more barrels to compensate for overproduction in May-July, while extending the compensation period from September to the end of December, according to three OPEC+ sources.
"They were coming down hard on the UAE," said Phil Flynn, senior analyst at Price Futures Group in New York. The expectation that output could fall as the UAE and others trim production bolstered prices, he said.
The OPEC news overshadowed the restart of U.S. offshore production after Hurricane Sally passed through the Gulf of Mexico and bearish U.S. economic news.
U.S. energy companies were starting to return crews to offshore oil platforms in the Gulf of Mexico after Sally halted operations for five days, shutting down nearly 500,000 bpd of output.
Prices were also under pressure from the slow economic recovery from the pandemic.
Global coronavirus cases are expected to pass 30 million on Thursday, according to a Reuters tally.
The U.S. Labor Department's report showed the number of Americans filing new claims for unemployment benefits fell last week, but remained at extremely high levels as the labor market recovery shifts into low gear and consumer spending cools.
Even OPEC+ cautioned that the pandemic could continue to curb demand. An OPEC+ technical panel warned that a rise in coronavirus cases in some countries may curb oil demand despite signs of economic recovery and initial indications of a decline in oil stocks, according to an internal document seen by Reuters.
18/09/2020 7:21 AM
tkl88 Walaoeh, oil price spike up like mad !
Today O & G counters will be spike up to sky high already !

Huat ah ! Heng ah ! Ong ah !
18/09/2020 7:44 AM
Wong Kah Wei New low !B!die la...
23/09/2020 9:51 PM
Wong Kah Wei mati waseong drop drop lagi
24/09/2020 9:25 AM
tkl88 Good news, perikatan nasional has won the Sabah election by 38 seats out of 73 seats !
So that our politic will be stable for another 3 years till 2023 election !
It’s good for our economy, like that next week KLSE will be spike up like mad already !
27/09/2020 11:36 AM
tkl88 Wow, Dow Jones spike up to sky high !
As at 11.53pm,
Dow Jones at=> 27,665.15 (+491.19) (+1.81 %) !
29/09/2020 12:06 AM
Wong Kah Wei Bod buat apa dalam tiga thn tak ada projects besar pun.
30/09/2020 8:26 AM
tkl88 Budget 2021 expected to be expansionary Monday, 21 Sep 2020
By DALJIT DHESI
https://www.thestar.com.my/business/business-news/2020/09/21/budget-20...

PETALING JAYA: Budget 2021, which will be tabled in November, will be expansionary though narrower than Budget 2020, with economists projecting a budget deficit of 4% to 6% next year.

The government, they said, would need to revitalise the economy with appropriate measures due to the uncertainties arising from the Covid-19 and the weak global economy, which has caused many nations to fall into recession.

The World Bank expects Malaysia’s fiscal deficit to gross domestic product (GDP) to widen to 7% this year, underpinned by increased expenditure and downward pressure on revenue. The government, however, expects the fiscal deficit to be at 5.8% to 6% this year.

Economists expect the government to look into some core areas to ensure Malaysia is on the right track to achieve economic sustainability post-pandemic.

Socio-Economic Research Centre executive director Lee Heng Guie told StarBiz that the federal government is torn between managing a tight fiscal space and keeping the country’s sovereign rating intact.

"In our view, the government should go for another year of fiscal deficit targeted at public spending and programmes as well as the provision of tax incentives and allowances to boost private investment, creating jobs and income.
05/10/2020 12:41 PM
tkl88 Yes, pre-budget 2021 bull market is coming !
Budget 2021 will be unveiled on Nov 6 !
So, now onwards O & G theme will be super bullish !

Huat ah ! Heng ah ! Ong ah !
05/10/2020 12:43 PM
tkl88 ‪Walaoeh ! ‬
‪Dow Jones continue it’s bull run by‬
‪spike up 400 over points !‬
Dow Jones closed at=> 28,148.64 (+465.83) (+1.68%) !
06/10/2020 8:23 AM
Wong Kah Wei new low again!!!
06/10/2020 9:23 AM
Keyman188 没有更低,只有更加低
06/10/2020 8:52 PM
tkl88 Wow, oil price spike up to sky high !
As at 10.15pm,
Nymex=> $40.70 ‪(+1.48) (+3.77%) !‬
Brent=> $42.68 ‪(+1.39) (+3.37%) !‬
06/10/2020 10:47 PM
Wong Kah Wei still inside black hole
07/10/2020 2:35 PM
Nkk1370 Add more at 0.45
19/10/2020 10:25 PM
Wong Kah Wei No hope ad.
21/10/2020 7:50 PM
tanrich Black hole not for long. Their only competitor Shawcor in Malaysia has closed and tapow. That means waseong can tapow all the local projects which are coming in next 2 or 3 years.
22/10/2020 11:47 AM
tkl88 Top up more Waseong @0.39
30/10/2020 12:40 PM
tkl88 Next Tuesday 3-11-2020 is US election day and on Wednessday 4-11-2020 we will know the result !
So, just countdown 3 trading days only !

For those who wanted to sailang, should sailang now or one day before the result is out, which is sailang before
or on 3-11-2020 (Tuesday) !

Huat ah ! Heng ah ! Ong ah !
30/10/2020 12:43 PM
Wong Kah Wei New low again
30/10/2020 6:54 PM
klna75 reason of sailang?
01/11/2020 10:01 PM
hunterz86 nyek nyek sailang
02/11/2020 3:23 PM
tkl88 Wow, oil price continue to spike up !
As at 5.42pm,
Nymex at => $38.16 (+1.35) (+3.67 %)
Brent at => $40.20 (+1.23) (+3.16 %)

Huat ah ! Heng ah ! Ong ah !
03/11/2020 5:46 PM
tkl88 Wow, Dow Jones continue to spike up !
Dow Jones closed at=> 27,480.03 (+554.98) (+2.06%) !

World stocks super bull market is coming !
04/11/2020 7:22 AM
tkl88 Latest US election update !
04/11/2020 12:34 PM
tkl88 As at 12.25pm,
Joe Biden already have 209 votes leading Donald Trump's 118 votes by 91 votes,
Joe Biden just need only another 61 votes then will won the US election !
Huat ah ! Heng ah ! Ong ah !
04/11/2020 12:34 PM
tamp0i Once in a life time you get to buy Wah Seong at such price. Cash available 186 mil, assets 2.62 bil, 1.18 NTA... Buy and wait for spring time
06/11/2020 6:51 PM
kenie WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description WAH SEONG CORPORATION BERHAD ("THE COMPANY" OR "WSC")
- MEMBERS' VOLUNTARY WINDING UP OF SYN TAI HUNG CORPORATION SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
Further to the announcement made on 18 November 2015, the Board of Directors of WSC wishes to announce that Syn Tai Hung Corporation Sdn Bhd (“STHC”), an indirect wholly-owned subsidiary of WSC had held its final meeting for the Members’ Voluntary Winding Up and was fully dissolved.

The Members’ Voluntary Winding Up of STHC will not have any effect on the share capital and shareholdings of the substantial shareholders of WSC and will not have any financial impact on the gearing, earnings and net assets of WSC Group for the financial year ending 31 December 2020.

None of the Directors, major shareholders of WSC or persons connected to them have any interest, direct or indirect, in the Members’ Voluntary Winding Up of STHC.

This announcement is dated 6 November 2020.
06/11/2020 10:35 PM
tkl88 Superb good news !

Biden Wins Presidency, Ending Four Tumultuous Years Under Trump
https://www.google.com.my/amp/s/www.nytimes.com/2020/11/07/us/politics/biden-election.amp.html

By Jonathan Martin and Alexander Burns
* Nov. 7, 2020
Updated 12:48 p.m. ET

Joseph R. Biden Jr. achieved victory offering a message of healing and unity. He will return to Washington facing a daunting set of crises.

Joseph Robinette Biden Jr. was elected the 46th president of the United States on Saturday, promising to restore political normalcy and a spirit of national unity to confront raging health and economic crises, and making Donald J. Trump a one-term president after four years of tumult in the White House.
Mr. Biden’s victory amounted to a repudiation of Mr. Trump by millions of voters exhausted with his divisive conduct and chaotic administration, and was delivered by an unlikely alliance of women, people of color, old and young voters and a sliver of disaffected Republicans. Mr. Trump is only the third elected president since World War II to lose re-election, and the first in more than a quarter-century.
The result also provided a history-making moment for Mr. Biden’s running mate, Senator Kamala Harris of California, who will become the first woman to serve as vice president.
With his triumph, Mr. Biden, who turns 78 later this month, fulfilled his decades-long ambition in his third bid for the White House, becoming the oldest person elected president. A pillar of Washington who was first elected amid the Watergate scandal, and who prefers political consensus over combat, Mr. Biden will lead a nation and a Democratic Party that have become far more ideological since his arrival in the capital in 1973.
08/11/2020 2:22 AM
tkl88 Like that next Monday onwards world stock markets including our KLSE will spike up like mad already !

Huat ah ! Heng ah ! Ong ah !
08/11/2020 2:49 AM
tkl88 President Biden is favours to world trade !
World economy will start booming from today onwards !
And asian stock markets including KLSE will be in bull market from today onwards !
As at 2.10pm,
Hang Seng : 26,095.46 (+382.49) (+1.49 %)
Shanghai composite: 3,380.38 (+68.23) (+2.06 %)
Nikkei : 24,912.31 (+587.08) (+1.41 %)
Taiwan Weighted : 13,127.47 (+153.94) (+1.19 %)
Korea Kopsi : 2,449.96 (+33.46) (+1.38 %)
Singapore STI : 2,611.34 (+32.66) (+1.27 %)

Huat ah ! Heng ah ! Ong ah !
09/11/2020 2:39 PM
tkl88 Wow, oil price spike up like mad !
As at 9.50pm,
Nymex at => $40.67 (+3.53) (+9.50 %)
Brent at => $42.77 (+3.32) (+8.42 %)

Huat ah ! Heng ah ! Ong ah !
09/11/2020 9:52 PM
tkl88 Oil Jumps by Most Since June on Covid Vaccine Progress
Alex Longley and Matthew Martin
Mon, November 9, 2020, 9:54 PM GMT+8·2 min
https://finance.yahoo.com/news/oil-climbs-biden-win-spurring-105416567.html

(Bloomberg) -- Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.

Crude futures spiked following news the vaccine, being developed by Pfizer and BioNTech SE, prevented more than 90% of infections in a study of tens of thousands of volunteers.

Markets globally surged. WTI climbed more than 10% in New York, while global equities soared. It led to broader strength in the oil futures curve, with timespreads also moving sharply higher.

A vaccine “would be the most meaningful type of mitigator to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement at a conference on Monday. “We’re still hopeful that vaccine is found and that vaccine or vaccines spread and hopefully mobility would be regained.”

Since Covid first emerged, oil markets have been steadily recovering from the biggest crash in consumption in a generation. Transport use in Asia has rebounded strongly, but the renewed resurgence of the virus in Europe has continued to weigh on demand in the region. The emergence of a vaccine would not only help regions suffering form renewed lockdowns, but could also help spur the return of aviation demand -- the hardest hit corner of the market.

The relief in the market was seen in the profits from turning crude into transport fuels. Gasoline cracks in the U.S. reached their highest since mid-October, while those in Europe also gained. Jet fuel was also gaining relative to the value of other transport fuels in Europe, Bloomberg fair value data show.

Prices had earlier rallied as Joe Biden declared victory in the U.S. presidential election and began preparations to navigate America’s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks to re-balance the glutted market.
09/11/2020 11:28 PM
tkl88 Walaoeh, Dow Jones spike up to sky high !
As at 12.05am,
Dow Jones at=> 29,425.57 (+1,102.17) (+3.89 %) !

Huat ah ! Heng ah ! Ong ah !
10/11/2020 12:17 AM
Nkk1370 Add 0 .415
10/11/2020 5:16 PM
tkl88 Wow, oil price continue to spike up !
As at 1.20am,
Nymex=> $41.29 ‪(+1.00) (+2.48 %)‬
Brent => $43.44 ‪ (+1.04) (+2.45 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬
11/11/2020 2:01 AM
tkl88 Walaoeh, Dow Jones continue it’s bull run ! Dow Jones closed at=> 29,420.92 (+262.95) (+0.90 percent) !
Huat ah ! Heng ah ! Ong ah !
11/11/2020 7:58 AM
tkl88 Oil price continue to spike up like mad !
As at 7.02pm,
Nymex=> $42.89 (+1.53) (+3.70 %)
Brent => $45.16 ‪(+1.55) (+3.55 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬
11/11/2020 7:06 PM
tkl88 Dow Jones continue to spike up like mad !
Dow Jones closed at=>29,950.44 (+470.63) (+1.60 %)

Huat ah ! Heng ah ! Ong ah !
17/11/2020 7:45 AM
tkl88 Malaysia in deal with China for Covid-19 vaccine development
PUBLISHED : 18 NOV 2020 AT 19:40
WRITER: REUTERS

https://www.bangkokpost.com/world/2021843/malaysia-in-deal-with-china-for-covid-19-vaccine-development
20/11/2020 7:45 AM
tkl88 KUALA LUMPUR: Malaysia said on Wednesday it has signed an agreement with China to cooperate on the development of a safe and efficacious vaccine, as part of efforts to combat the Covid-19 pandemic.

Under the agreement, in force for an initial period of five years, the Southeast Asian nation will be given priority access to Covid-19 vaccines developed by China. Both will share knowledge and expertise and facilitate scientific and technological capabilities to advance vaccine development in their countries, Malaysia said in a joint ministerial statement.
Science, Technology and Innovation Minister Khairy Jamaluddin signed the agreement with his Chinese counterpart Wang Zhigang in a virtual ceremony.

Cooperation between Malaysia and China under the agreement would be supervised by a committee chaired by the foreign affairs ministers of both countries that was formed in October to address post-pandemic challenges.

"Both countries will also support the participation of their public and private sectors including universities, institutions, societies and organisations in joint collaborative projects," the Malaysian ministries said.
20/11/2020 7:46 AM
tkl88 Khairy: Malaysia to pay RM94mil upfront for vaccine under Covax plan

* NATION
* Thursday, 19 Nov 2020 
10:53 AM MYT By MARTIN CARVALHO, RAHIMY RAHIM and TARRENCE TAN
20/11/2020 8:33 AM
tkl88 https://www.thestar.com.my/news/nation/2020/11/19/khairy-malaysia-to-pay-upfront-rm94mil-for-vaccine-under-covax-plan
20/11/2020 8:33 AM
awesome20 collect more before late...
22/11/2020 9:11 PM
tkl88 Wow, oil price continue it’s bull run !
As at 12.30am,
Nymex=> $42.85 ‪(+0.43) (+1.01 %)‬
Brent => $45.80 ‪(+0.73) (+1.62 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬
24/11/2020 2:22 AM
lloydlim Time to accumulate!
24/11/2020 10:05 AM