Highlights
KLSE: WONG (7050)       WONG ENGINEERING CORP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.415   0.00 (0.00%)  0.415 - 0.415  40,000
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  2 people like this.
 
tualp Tiong Nam Group going to launch 1 development project in Kota Masai, Johor.

Wong Engineering will be the main-contractor.( Market rumors).

Last time shoot up to RM1.40 with 1 contract worth RM87.5MIllion. I think with this RM300M project, Wong Engineering will shoot to RM1.80 easily....

Based on market rumors..... Trade at your own risk
09/12/2019 5:40 PM
Ivan89 This is highly probable. Both company are common shareholder and director. Good move for the management. I believe that they collect at low and start to push now. Just hold.
09/12/2019 7:31 PM
Ivan89 Just check the annual report of tnlogistic , a vacant land bought in Nov 14 with 35million, 4,927,507sqf. Plan to develop with GDV300million. This make sense and award contract to Wong engineering. Good for both company share price.
09/12/2019 7:47 PM
tualp Tiong Nam Share Price alr break RM0.50. Now is wong engineering's turn to break RM0.60

Keep a closer look, contract going to announce anytime from now....
10/12/2019 8:40 AM
xiumimi Interesting... The sudden surge must probably indicate something good. Let me look into the annual report too... Thanks for sharing!
10/12/2019 9:46 AM
Ivan89 If qr this month is good, at least 0.6
10/12/2019 10:17 AM
tualp If QR is good= 0.65
If got dividend=0.70
If got new construction contract= 0.85

So short term my target price is RM0.85
10/12/2019 10:59 AM
xiumimi Do you think RM0.85 is achievable within short term?
10/12/2019 12:30 PM
tualp 0.85 before CNY,
0.70 after announcement of QR result on 19/12/2019 ( as per Bloomberg, Wong will announce its financial result on 19/12/2019)
10/12/2019 4:30 PM
Ivan89 Good result, Revenue and profit new High!
12/12/2019 7:23 PM
Sky Liew Tax return 1.3 m
Real EPs is 2.5 around
But still is good result
And got nice dividend lo
13/12/2019 12:18 AM
tualp super good profit......Hooray.....gogogo....

Hold tight tight.
13/12/2019 9:11 AM
tualp going to announce 1 construction project worth RM300Million
13/12/2019 11:17 AM
tualp target price is RM0.85......Wong Engineering gogogo.......
13/12/2019 3:24 PM
Sky Liew 哦哦
14/12/2019 8:55 AM
John Angel shit company, all out
16/12/2019 8:04 PM
tualp is coming.....wait patiently, will reach 0.49. Sold all at 0.61, now waiting for it to drop to 0.49 then buy again......
17/12/2019 3:05 PM
Justin328 wow smart trader
18/12/2019 3:55 PM
tualp This share is worth to invest:-

1. TNTT (Tiong Nam Group) and Yong Lay Huat, 2 of them are major shareholders took over Wong Engineering Corp Berhad at RM0.65/ share. After bonus issue, the average cost of 2 major shareholders is RM0.52.

If you buy now at RM0.535 or RM0.54 you only pay 4% more than their cost price. Which is deemed safe to invest.

2.Worse is over. Wong Engineering Corp is successfully turning around from its worse:
-30.04.2018 RM1.676Million
-31.07.2018 RM1.597Million
-31.10.2018 RM1.016Million
-01.31.2019 RM458K
-30.04.2019 RM388K
-31.07.2018 RM1.075Million
-31.10.2019 RM3.866Million

2018 is a disaster year for Wong Engineering Corp Berhad. However, Wong Engineering Corp has put in a lot of effort to secure new customer (MNC) and the sales is encouraging. (as per their quarterly report)

Contribution from construction is expected to be reported @ RM4-5Million for coming year.

3. Low PE.
Assuming the next 3 coming QR reported RM2Million each and including the last recently announced QR, the forward PE would be 6.18( which is deemed low)

4.Construction segment is going to contribute positively for the coming quarter; if the market rumor is accurate that Wong Engineering going to receive a construction project worth RM300Million; the share price will shoot up endlessly.

5.Still remember the last wave share price hike in year 2017? Now is the 2nd wave for the price hike. Now is the starting, tighten your seatbelt and sit tight. The new cycle is on the way to break its historical high price @ RM1.40

6. My target price is RM0.85 for short term, RM1.00 for mid term and RM1.45 for long term.

Source: Hog Long Inv (CALL BUY)
19/12/2019 9:03 AM
tualp My trading idea:

I have sold my 200,000 shares on last Friday at RM0.61 ( my cost is about RM0.465) I have earned RM29,000 from this stock.

I am now holding 0 shares of Wong Engineering Corp Berhad.

I am now waiting for it to drop and sapu at RM0.49 (if drop) or I will buy at RM0.54 if the price successfully maintaining and RM0.535 for the next 1 week.

I will invest RM122,000 in this company.

Whether it go up or go down, I have the way to trade.

If the share price break RM0.65, then will shoot up to RM0.85 and RM1.00
19/12/2019 9:25 AM
tualp Looks like the price is stable, coming in to sapu ( my bullet is RM122,000). Guess how high it will be?
24/12/2019 8:42 AM
tualp Lest wait at 0.49....hooray.....can earn 1 more round....
27/12/2019 8:53 AM
John Angel Tp:1.20
Potential stock in 2020
Now only 52sen
Big discount now and
Biggest return 130% in year 2020
28/12/2019 6:54 PM
tualp standby bullet and wait for 0.49.....I wanna buy 250,000 shares.....
02/01/2020 8:51 AM
wan7075 hi Sky Liew, where u can see the tax return is 1.3m? i only can see the big earning is because of disposal

Sky Liew Tax return 1.3 m
Real EPs is 2.5 around
But still is good result
And got nice dividend lo
13/12/2019 12:18 AM
02/01/2020 2:13 PM
tualp still waiting at 0.49
02/01/2020 3:23 PM
tualp right here waiting at 0.49
03/01/2020 11:01 AM
EngineeringProfit huat huat soon
03/01/2020 11:02 AM
tualp EngineeringProfit, soon? how soon? I am waiting at 0.49
03/01/2020 12:34 PM
EngineeringProfit Give 4-8 months lah
03/01/2020 6:27 PM
Steve Ooi precision-loan-aerospace-guarantee-acquisition

try figure out yourself.
13/01/2020 10:24 PM
tualp Hi Steve Ooi, what are you trying to say? Positive or Negative?
15/01/2020 2:20 PM
Ivan89 Tualp, r u manage to buy at 0.485?
22/01/2020 11:23 AM
tualp I waited at 0.46.
22/01/2020 6:00 PM
tualp someone told me coming QR result should be very bad....
22/01/2020 6:00 PM
tualp no wonder price keep dropping.
22/01/2020 6:01 PM
tualp I think it will drop further to 0.43.....
23/01/2020 8:31 AM
tualp no support at all
23/01/2020 8:31 AM
tualp right here waiting @ 0.43......
29/01/2020 11:10 AM
10bagger10 Is it time?
06/02/2020 11:24 PM
Steve Ooi Then don't buy please, your source should be blind. Revenue from both construction and precision hit new high.



tualp someone told me coming QR result should be very bad....
22/01/2020 6:00 PM
08/02/2020 9:47 AM
10bagger10 Update pls
28/02/2020 5:20 AM
tualp coming QR is disaster result
28/02/2020 8:55 AM
10bagger10 Are u sure?
28/02/2020 1:53 PM
tualp NEXT PRICE TARGET RM0.38
02/03/2020 12:49 PM
01416520450 Support
07/03/2020 9:22 AM
Ivan89 Finally this explain why the company borrow 20million.
01/04/2020 6:17 PM
Ivan89 The Proposed Subscription is not expected to have any material effect on the
earnings of the Group for the financial year ending 31 October 2020. Notwithstanding
that, the Proposed Subscription may contribute positively to the future earnings of the
Group from the share of profit from BLSB possibly arising from the development of
Subject Land.
01/04/2020 6:17 PM
Ivan89 Lot No. 13505, Off Jalan Dengkil-Banting, 43800 Dengkil, Selangor Darul
Ehsan. This location good?
01/04/2020 6:19 PM
tualp Gone case, target price RM0.31
02/04/2020 12:38 PM


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