Tuan Syed...kolek kolek........Asia Ply under value stock......can fly without wings......ha...ha...ha

haiyaa...still can celebrate Tomyan seafood whattttt........what loss are you talking about?...company making good profit worrr......investors making good money since 0.175 plus warrant worrrrr...kolek...kolek.......TP 1.26....Hold lah.....ha...ha....ha

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TomyamGong Give u 0.005 cents div so happy? Price simply drop 1 cent is enough for your loss. Haha
01/06/2016 18:49

WAH SEONG CORPORATION BERHAD - More Excitement Going Forward
Author: PublicInvest | Publish date: Wed, 1 Jun 2016, 10:34 AM

Wah Seong’s 1QFY16 performance continues to be affected by current market conditions plaguing the O&G sector thus seeing further deferment of capex activities. Revenue registered RM340.9m (-34.8% YoY, -23.9% QoQ), with earnings at RM2.4m (-91.1% YoY, ->100.0% QoQ). We are however upgrading our recommendation on Wah Seong to Outperform, with a rolled over TP of RM0.94 pegged to 8x PE and FY17F EPS of 11.7sen. We concede that the Group has limited downside risks, despite experiencing a lack of contract replenishment, has effectively improved its operational performance with a higher GP margin of 14.5% (+7% YoY) amidst this challenging period. We maintain that Wah Seong’s performance has been affected by the oil price sentiment and not due to its execution capabilities, and is poised for better prospects 4QFY16 onwards with the expected contributions from its recently awarded pipe-coating work for the USD39.5m Johan Sverdrup Export Pipeline Project (JoSEPP) by Statoil ASA Norway and c.USD74.0m JV contract for the insulation coating protection for deep water, offshore insulation project in the Gulf of Mexico. We anticipate that awarding of new contracts could still be slow, but the Group is the leading contender in the pipe-coating space when the O&G market begins to see its recovery.

Declining orderbook. Wah Seong’s current orderbook stands at RM715m (Dec 2015: RM894m), comprising of 52% O&G contracts, 31% renewable energy (RE) and 17% industrial trading and services (ITS). The Group has an RM5.0bn tenderbook constituting RM4.0bn of O&G projects, predominantly from international scopes. We understand that these tenders are c.90% pipe-coating jobs for shallow waters. We are positive on the outlook of Wah Seong considering its standing as one of the 2 leading pipe coaters globally and who are often strong contenders for any award thus having a higher chance of securing more contracts 2HFY16. Due to the uncertain oil price landscape, it is difficult to determine the timeline of new awards going forward however and thus could continue to hinder the Group’s activities in the medium term.

Updates. Wah Seong’s JV plant setup in India and Canada is targeted to complete towards end-2QFY16. Following this, the Canadian operations are assumed to have immediate sizeable contracts with its prominent partner. In the meantime, the Group continues to identify various options to divest its plantations division. The slowdown of activity coupled with dilution of stake to 48% would see smaller losses from this division going forward.

Upgrade to Outperform. We have rolled over our TP to RM0.94 pegged to 8x PE and FY17F EPS of 11.7sen. The stock is undervalued at current levels, trading at fwd-PE of 5.8x for FY17F and with limited downside should see some positive reflections in its price levels. Going forward the Group has also identified job tenders in various regions such as North America, Latin America, Europe and Africa.

Source: PublicInvest Research - 31 May 2016

aiyooo....kesian worrrrr....no fundemantal....if break 0.27.......kesian worrrr...


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TomyamGong Be patient: )
01/06/2016 11:38

tuan syed...kolek dividen...eat TOMYAM seafood...kolek..kolek.......ha...ha...ha

kolek...kolek...kolek......ha....ha...ha

haiyaa.......I see red only worrrr.....below 0.05....ha....ha...ha

kolek...kolek...golek...golek.....untong untong.....relek-relek..... ha...ha....ha...

tomyam....sure or not?...don't give false hope lah.......ha...ha....ha..

ok lorrr.....put under watchlist lorrr... 0.05....ha....ha...ha

panic seller can start selling lorrrr......que...que.......kolek...kolek........ha...ha...ha

ya lorrr..KWAP goreng..........not EPFha...ha....ha....ha

drop good lorrr...can vacuum again worrrr....kolek...kolek...kolek....ha...ha...ha

panic seller sell....Company and EPF vacuum back...ha..ha..ha...later EPF goreng again.....wait lorr .....follow EPF...ha....ha...ha

wahhh...EPF goreng worrrrr...ha....ha...ha



http://www.bursamalaysia.com/market/listed-companies/company-announcements/5110937

ok lorrr..ok lorrr....see how lorrrr.......ha..ha....ha...

bottom bulging out....ha....ha...ha.....

que...que ...kolek..kolek......out perform stock.......ha...ha...ha

que ...que...kolek...kolek.....ha...ha....ha

I think can go below 0.20 worrrr....net current asset 0.18 worrrr......but I like this counter....got player.....under my watchlist worrrr...wait lorrr...ha...ha...ha

compared to last quarter got profit already maaaa.....EPS also now 0.31....from negative to positive .......ok worrr....can limit up....ha...ha...ha

NTA 1.40....still ok maaaa...ha..ha...ha

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5109021

very soon worrr....kolek..kolek...ha..ha,,ha

you want to run go ahead lorrrr......you take care lorrr....ha...ha..ha

Tomyam...what are you doing here?......can limit up kah?....ha...ha....ha...

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TomyamGong Thanks to my friend for bringing me to holland. Holland is such a nice country.
30/05/2016 12:12

Haiyaaa....stock under value maaaaa...why worry ?...kolek...kolek..kolek...TP 1.26....ha...ha...ha...

what project is this? can explain kah?.....

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waseong wasco get F12 project from PCSB.
28/05/2016 10:37

Which one to follow worrr?.....pening worrrr....ha...ha...ha..

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May 26, 2016 08:57 AM | Report Abuse

2 things can happen:

Buy at / above: 1.26 Targets: 1.56 - 1.88 - 2.24 - 2.63

Stoploss : 1

Sell at / below: 1 Targets: 0.76 - 0.56 - 0.39 - 0.25

Stoploss : 1.26

Untung ada...dividen ada.....price under value...good business......everything got...vacuuuuummm......ha...ha..ha

no dividend kah?....Can break 2.0 kah?..ha...ha....ha..

http://klse.i3investor.com/blogs/zefftan/97181.jsp

ya lorrrrr....kolek..kolek....Blue chip in the making....ha...ha...ha...

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healme yeah...go up....4.0....tklim...say the magic words....hehe
26/05/2016 11:53

If you confident....you can vacuum lorrrr...ha...ha...ha

haiyaaaaa........look at the quarterly report...you got confident or not?......ask yourself lorrrrr...ha...ha..ha...

haiyaaa...take dividend first lorrrr...this counter all medium to long investor one worrr.....nobody want to sell so operator got to push down price maaaa......can kolek some more cheap cheap worrrr...ha...ha..ha...

waaa.....See......I told you ----Asia Ply untong untong....got dividend.....sure up one TP 1.26...kolek...kolek...ha...ha...ha

Aiyoooo.....dangerous worrrr...wait lorrrr...see how maaa..

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Posted by travoltakeong > May 26, 2016 08:57 AM | Report Abuse

2 things can happen:

Buy at / above: 1.26 Targets: 1.56 - 1.88 - 2.24 - 2.63

Stoploss : 1

Sell at / below: 1 Targets: 0.76 - 0.56 - 0.39 - 0.25

Stoploss : 1.26

sifu calvin...I agree worrrr.....kolek..kolek......untong untong....KSL can fly....ha....ha...ha

everybody can kolek kolek....que que...kolek-kolek.......untung untung....ha...ha...ha...

I am ok.....happy man....ha..ha...ha....kolek...kolek..I very confident..Ha...ha...ha...
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orangLama tklim are you ok? Everytime you post msg it ends with a laugh ha...ha...ha
25/05/2016 14:42

jump in...don't jump out.....kolek...kolek.....ha...ha....ha...

I think SP setia in the making..kolek..kolek....ha...ha...ha

Haiyaaaa....no patient don't play stock market lah.....put money in FD also you must wait for one year to get 3.00 % maaaa......ha...ha...ha

Buy at 0.255 or 0.26......hold......untong besar ....akan datang.....ha...ha...ha...I very confident one worrr...somemore got dividend worrrr....ha....ha...ha...

Vrooom....Vroommm....zoom...zooooommmmm......RM4.0...ha....ha...ha...

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Berjaya Auto, zooming ahead with greater market share
Author: kltrader | Publish date: Tue, 24 May 2016, 10:19 AM

The Mazda brand is increasing seen on roads in Malaysia, with their flashy and modern designs. This is evident in the increase in market share by Berjaya Auto, rising 2.8% (YTD) compared with 2.1% for the entire of 2015. Read on to find out why Macquarie Equities Research (MQ Research) continues to like Berjaya Auto…

Event

In a world of declining industry volume, MQ Research continue to like Berjaya Auto, who via the Mazda brand, has persistently been gaining market share (2.8% market share YTD vs 2.1% in 2015). Latest monthly stats by the Malaysian Automotive Association (MAA) reinforces this view, with Mazda (+19%) and BMW (+35%), the only two brands showing unit growth YTD, amid a double-digit decline in total industry volume (-19% YTD).

Impact


Industry struggling to sustain MoM growth momentum. While March 2016 saw the first MoM growth since December 2016, April failed to produce similar trajectory as vehicle sales slumped 7% YoY and 14% MoM. Based on MAA data, new vehicle registration continued to be sluggish at 42.2k units, vs 45.2k units last year and 48.8 units in March. The YoY weakness was driven by passenger vehicles, down 7%, whereas commercial vehicles registration was flat YoY. Calendar YTD, Malaysia’s TIV is still down 19% YoY at 173.4k units vs 213.5k units last year. This is tracking well behind MAA’s full year target of 650k units, making up only 27% of the target.


Gaining market share no longer good enough. YTD, MQ Research have seen plenty of market share winners, led by Mazda (+89bps), Honda (+82bps) and BMW (+57bps). However, with the overall pie shrinking, only Mazda and BMW have been able to see through YoY unit growth YTD. Mazda saw 4.8k units sold YTD, vs 4.1k over the same period last year. BMW on the other hand sold 35% more cars YTD with 2.5k units registered. The biggest losers were Toyota, down 36% YTD and Ford, down 48% YTD. It is also worth mentioning that UMW-Toyota (part of UMW Holdings) recently announced that it was revising down its sales target to 80k units from 87k units on the back of a generally weaker consumer sentiment.


Read across to Berjaya Auto: positive. Between May 2015 to April 2016 (equivalent to Berjaya Auto’s FY16E), there were 15.1k units of new Mazda cars registered in Malaysia, based on MAA’s data. While there tends to be some discrepancies between Berjaya Auto’s actual sales number vs MAA’s numbers, the 15.1k units is 97% of MQ Research’s full year assumption of 15.5k units for FY16E, which should be taken positively.


Honda unsurprisingly held on to the top spot in non-national marquee with 14.3% market share YTD. With decent April sales, Toyota reclaimed the #2 spot with an 8.2% market share, just ahead of Nissan’s 7.9% market share. From an absolute unit perspective however, all three brands are still down between 14-36% YTD.

Outlook

MQ Research reiterates an Outperform recommendation on Berjaya Auto. The stock trades at 11.4x 2017E PER with a 4.8% dividend yield providing downside protection, at a discount to its local and SEA peers who are trading at a mid-teens PER.


Source: Macquarie Research - 24 May 2016

long term investors buy and hold ....tp 1.26....ha...ha..ha

haiyaaaa..why you talk like that one......you got buy Asia ply or not?.......I very confident one...dividend comming .......ha....ha...ha.

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Ryukaino Dream dream dream.u think pig can fly mah
24/05/2016 15:14

dividend coming...ha...ha...ha

kolek...kolek...kolek......I very confident sure ok one........ha....ha...ha

wait lorrrr...I very confident 1.26 maaa....ha...ha...ha...