Highlights
KLSE: WASEONG (5142)       WAH SEONG CORP BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
1.29   -0.04 (3.01%)  1.23 - 1.31  13,336,300
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Price Target

Date Open Price Target Price Upside/Downside Price Call Source
19/02/2020 1.28 1.44 +0.16 (12.50%) HOLD PUBLIC BANK
19/02/2020 1.28 1.40 +0.12 (9.38%) HOLD MIDF
19/02/2020 1.28 1.40 +0.12 (9.38%) HOLD KENANGA
19/02/2020 1.33 1.13 -0.20 (15.04%) SELL HLG
22/11/2019 1.21 1.16 -0.05 (4.13%) HOLD PUBLIC BANK
22/11/2019 1.21 1.13 -0.08 (6.61%) HOLD MIDF
22/11/2019 1.21 1.30 +0.09 (7.44%) HOLD KENANGA
22/11/2019 1.21 1.31 +0.10 (8.26%) HOLD HLG
30/10/2019 1.12 1.16 +0.04 (3.57%) HOLD PUBLIC BANK
30/10/2019 1.12 1.20 +0.08 (7.14%) HOLD KENANGA

View Price Target Detail
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  3 people like this.
 
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
Yu_and_Mee Limit "up" tomorrow because of the QR.
18/02/2020 7:14 PM
Yu_and_Mee Got legs don't know legs can run or not tomorrow
18/02/2020 7:14 PM
Primeinvestor Goodbye my lovely wahseong
18/02/2020 7:15 PM
gemfinder Wow. Wat a,negative surprose. Gap down tomolo
18/02/2020 7:48 PM
fstex Die smelly... RIP
18/02/2020 7:56 PM
c2k9791 Bomb......-X X-
18/02/2020 8:24 PM
david81 Future is bright, so it may not be that bad tomorrow
18/02/2020 10:11 PM
CUTLOST Wow.. Mana mau unload esok nie.. Satu lori penuh contract note nie.
18/02/2020 11:27 PM
sell Not every1 gain from Petronas spendings. Only Sarawak O&G companies does.
19/02/2020 7:01 AM
sell When revenue drop a lot loss is the result.
19/02/2020 7:04 AM
sell Should buy back Penergy haha.
19/02/2020 7:05 AM


 

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