Highlights
KLSE: WASEONG (5142)       WAH SEONG CORP BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.53   +0.015 (2.91%)  0.52 - 0.545  4,660,800
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Overview

Market Cap: 411 Million
NOSH: 775 Million
Avg Volume (4 weeks):7,488,926
4 Weeks Range:0.515 - 0.74
4 Weeks Price Volatility (%):
6.67%
52 Weeks Range:0.46 - 1.46
52 Weeks Price Volatility (%):
7.00%
Average Price Target: 1.03
Price Target Upside/Downside: +0.50
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#1]  |  20-May-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  30-Aug-2020
T4Q P/E | EY: -10.14  |  -9.86%
T4Q DY | Payout %: 1.87%  |  - %
T4Q NAPS | P/NAPS: 1.213  |  0.44
T4Q NP Margin | ROE: -2.25%  |  -4.31%

Headlines

Date Subject
21-May-2020 Wah Seong Corporation Berhad - Within Expectations
21-May-2020 Wah Seong Corporation - Plunges Into Losses
21-May-2020 Wah Seong Corporation - A Casualty of Timing
15-May-2020 Dialog Group Berhad - 3QFY20 Results Within Expectations
06-May-2020 M+ Online Technical Focus - 6 May 2020
22-Apr-2020 Oil & Gas - They Won’t be Paying You to Pump, for Now.
20-Apr-2020 Oil & Gas - A Cut Is Better Than Sitting Idle
13-Apr-2020 Oil & Gas - Volatility To Persist
13-Apr-2020 Oil & Gas - A Cut Is Better Than Sitting Idle
08-Apr-2020 Oil & Gas - Uncertainty Remains
26-Mar-2020 [转贴] [WAH SEONG CORP BHD:总订单额为9.296亿令吉,其中包括石油与天然气部门的5.767亿令吉,可再生能源部门的3.093亿令吉以及工业贸易与服务部门的4360万令吉] - James的股票投资James Share Investing
14-Mar-2020 热门股:华商控股上挑79仙
19-Feb-2020 Wah Seong Corporation Berhad - Improved Earnings Visibility
19-Feb-2020 Wah Seong Corporation Berhad - Beating Estimates
19-Feb-2020 Wah Seong Corporation - FY19 Above Expectations
19-Feb-2020 Mplus Market Pulse - 19 Feb 2020
19-Feb-2020 Wah Seong Corporation - Looking Beyond NS2
18-Feb-2020 Stocks on Radar - Wah Seong Corporation (5142)
14-Feb-2020 M+ Online Technical Focus - 14 Feb 2019
14-Feb-2020 Daily Market Update - 14 Feb 2020 (GDB, WASEONG)

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.
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  3 people like this.
 
tkl88 Wow, Amazing !
Oil price continue to spike up to sky high !

As at 12.38am,
Nymex at => $25.82 (+1.68) (+6.96 %)
Brent at => $30.21 (+0.58) (+1.96 %)

Huat ah ! Heng ah ! Ong ah !
13/05/2020 12:48 AM
tkl88 Wow, today KLSE damn hot man !
Now KLSE at => 1,399.21 (+19.28) (+1.40%) !
Hari Raya bull run ? Especially today you can see all the glove stocks spike up crazily !

Huat ah ! Heng ah ! Ong ah !
13/05/2020 4:22 PM
tkl88 Wow, Fantastic !
Oil price was superb damn hot man !

As at 2.47 am,
Nymex at => $27.46 (+2.17) (+8.58 %)
Brent at => $31.10 (+1.91) (+6.54 %)

Huat ah ! Heng ah ! Ong ah !
15/05/2020 2:56 AM
tkl88 Wow, Fantastic !
Oil price continues it’s bull run man !

Nymex closed at => $29.71 (+2.15) (+7.80 %)
Brent closed at => $32.84 (+1.71) (+5.49 %)

Like that next week share price for all stocks especially O & G stocks in KLSE will be spike up to sky high already !

Huat ah ! Heng ah ! Ong ah !
16/05/2020 9:44 AM
Matthew Chew ini kalilah...all in for oil stock
17/05/2020 10:04 PM
taishjason This morning, the price shoot up.
18/05/2020 9:13 AM
tkl88 Wow, Amazing !
What happend? Damn hot man Waseong today !
Now Waseong already traded at 0.69 (+0.035) (+5.3 %)
Today probably can closed at 0.80 (+0.145) (+22.3 %)
Keep it up Waseong !

Huat ah ! Heng ah ! Ong ah !
18/05/2020 10:06 AM
Dingdongbell Back to rm1.20 soon
18/05/2020 6:24 PM
tkl88 Wow, Fantastic !
Oil price continues to spike up to sky high man !

As at 6.30pm,
Nymex at => $31.56 (+2.04) (+6.91 %)
Brent at => $34.30 (+1.80) (+5.54 %)
18/05/2020 6:36 PM
limitupupup another gap down in progress. RIP
20/05/2020 7:00 PM
Kai YaNg omg, sell for saving your money
20/05/2020 7:52 PM
Wong Kah Wei Can buy below 50 cents liao
20/05/2020 10:03 PM
david81 It might not that bad tomorrow when people expecting the result gonna be bad.
21/05/2020 12:00 AM
slee Because of implement only show so bad
21/05/2020 10:05 AM
Alan Punpipi Profit/(loss) before income tax, minority interests and extraordinary items after share of profits and losses of associated companies -43,256
21/05/2020 10:06 AM
Alan Punpipi 43 mil losses ...sell
21/05/2020 10:14 AM
Dingdongbell Sold d. Wait to buy at lower price.
21/05/2020 11:40 AM
Alan Punpipi heavy buy support at 0.625 ...hahahha
21/05/2020 12:39 PM
limitupupup buy red sell green, no need me to teach you :)
21/05/2020 2:44 PM
darius7 Run!!!
21/05/2020 3:13 PM
germaice New normal this sector healthcare,Internet based e-commerce , API mobile marketplace ,delivery services and video conference beneficiary from covid19
21/05/2020 4:08 PM
Alan Punpipi heavy buying at 0.595 ...target medium to long term
21/05/2020 4:48 PM
wpkhoo All the sifu here, pls give some advice, cut lose or hold tight?
22/05/2020 12:07 PM
Wong Kah Wei Cheap x2 0.52 will buy
22/05/2020 1:36 PM
soso9999 Rubbish stock
22/05/2020 5:27 PM
Alan Punpipi Only the strongest of strong holder can see the light at the end of the tunnel
22/05/2020 9:01 PM
Alan Punpipi Brent: $35.18
WTI: $33.56

Brent rebounding strongly from low of 33 ...good sign
23/05/2020 10:13 AM
Alan Punpipi With Oil price recovering strongly it's just a matter of time ........
26/05/2020 9:07 AM
Alan Punpipi Brent: $36.2 (3.05%)
WTI: $34.38 (3.4%)

Demand is rising
26/05/2020 1:05 PM
Rookieinvestor run if you can. Beware of this stock
26/05/2020 10:26 PM
soso9999 No hope
26/05/2020 11:10 PM
Alan Punpipi sour grapes who is a punter always losses in this market...only those able to buy and hold will prevail at the end
27/05/2020 9:41 AM
Alan Punpipi When people are afraid,that is the time to sailang, quoted “Warren Buffet”
27/05/2020 12:32 PM
Gala Kat How would you possibly know it's a ' Warren Buffet ' moment ..??
28/05/2020 10:09 AM
JK22 Wah.. very Seong now.....
28/05/2020 10:27 AM
wpkhoo Goinf down again and again... Where is the rebound?
28/05/2020 1:27 PM
Alan Punpipi Relax ...only clearing past few days contra pand weak holders .
28/05/2020 2:17 PM
Alan Punpipi This counter not for punters or contra players ...lolz
28/05/2020 2:18 PM
Alan Punpipi Nice time to collect ...buy on dip ...woo hooo
28/05/2020 2:51 PM
Wong Kah Wei give me 0.52
28/05/2020 4:28 PM
Wong Kah Wei thks ah seong
28/05/2020 4:48 PM
wpkhoo Anyone bought in 0.515?
28/05/2020 5:00 PM
Alan Punpipi bought some holding at 0,515 holding until next June AGM ...Company Shares BuyBack as much as 10% will increase eps as well as makes this stock looks more attractive when it is approved which i see why not....
28/05/2020 5:29 PM
Alan Punpipi Opps ...sharing is caring ...or i can just dun share ...anyway
28/05/2020 5:29 PM
Alan Punpipi Just accumulate if dip and wait for Agm in June . Can thank me later ...steady pun pipi...remember dont ever contra or punt this stock....
28/05/2020 7:00 PM
Alan Punpipi Dublin, March 06, 2020 (GLOBE NEWSWIRE) -- The "Onshore Oil & Gas Pipeline Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The global onshore oil and gas pipeline market is expected to register a CAGR of more than 5.7% during the forecast period of 2020-2025.

According to International Energy Agency (IEA), demand for oil is expected to rise by around 1 million barrels per day (bpd) on average every year till 2025, from 97 million bpd in 2018.

In a bid to meet the rising consumption of oil and gas, the pipeline capacities are being expanded and new pipeline projects are being commissioned. However, the global shift towards renewable sources for electricity generation poses as a huge threat for the oil and gas demand, which is likely to be a major challenge for the growth of onshore oil & gas pipelines installation in the coming years.

The onshore oil and gas pipeline market is fragmented. Some of the key players in this market include Tenaris, Essar Group, Jindal SAW, Europipe, and TMK Group.

Key Highlights

The availability of abundant natural gas reserves, the lower cost in comparison to other fossil fuel types, among others, is expected to supplement the demand for natural gas from multiple end-use sectors, including power generation, during the forecast period. This, in turn, is expected to boost the onshore gas pipeline market in the coming years.
Russia and Pakistan have agreed to build a new gas carrying pipeline worth USD 2 billion. Further, India and Russia have also signed a deal worth USD 40 billion on natural gas exports to India. Russia being a significant exporter is paving the way for pipeline industry to grow more and also presents an opportunity for the market players during the forecast period.
Growing oil & gas demand in Asia-Pacific holds immense potential for the onshore oil & gas pipeline market and is the fastest growing market. China and India have been largest consumers of oil & gas in the Asia-Pacific region, and pipeline network is growing at a significant pace in both of these countries.
Major Market Trends

Natural Gas Pipeline to Dominate the Market

The global demand for natural gas is expected to increase by 1.6%, y-o-y, for the next five years, with consumption reaching almost 4,250 billion cubic meter (bcm) by 2025, up from 3,850 bcm in 2018. Therefore, the natural gas pipeline network is expected to grow in parallel to the increase in natural gas demand.
By 2030, owing to factors, such as environmental benefits and quest for energy security in regions, such as Asia-Pacific, the consumption of natural gas is expected to witness the fastest growth among all fuel types, which, in turn, is expected to drive the onshore pipeline market.
With exports of 104.8 billion cubic meters in 2018, Qatar continued to be the largest LNG exporter, a position it has now held for over a decade. The LNG trade is expected to witness a significant increase across the globe, resulting in increased demand for natural gas onshore pipeline network as well.
Therefore, focus on cleaner fuel, technology developments making it possible for coal-bed methane cost-efficient farming has been among the driving factor in demand for the onshore pipeline infrastructure.
Asia-Pacific to Expect a Significant Growth in the Forecast Period

The energy consumption in Asia-Pacific is expected to grow by 48% over the next three decades. This has led the onshore oil & gas pipeline market to be the fastest growing amongst other regions.
With China's five-year plans for the period of 2016 - 2020, the government's plans to increase the proportion of natural gas in the energy consumption mix to about 10% by 2020, from about 5.9% as estimated in the year 2015, through enhanced domestic exploration and production activities.
China is expected to strengthen its gas pipeline network, to boost the clean fuel's share in the country's energy mix, during the forecast period. As per the National Development and Reform Commission of China, the country's oil & gas pipeline network is expected to reach 240,000 km by 2025, with natural gas pipelines reaching 123,000 kilometers.
India is also modifying its gas pipeline infrastructure to meet the growing demand. According to Petroleum and Gas Regulatory Board (PNGRB), the natural gas pipeline infrastructure is expected to grow to about 28000 kms, in length during the forecast years.
Therefore, the increasing demand and new pipeline infrastructure in Asia-Pacific are some of the major factors that are driving the onshore oil and gas pipeline market growth.
28/05/2020 11:21 PM
Alan Punpipi Very useful article ...buy or add on any dip and hold ...
28/05/2020 11:24 PM
limitupupup wah my last touch was 0.65 last week now drop till 0.515 d
28/05/2020 11:25 PM
Alan Punpipi expecting a strong rebound up soon ....oil now above usd 35
28/05/2020 11:47 PM
Alan Punpipi Please sell to me .....sell sell
29/05/2020 12:01 PM


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