WAH SEONG CORPORATION BHD

KLSE (MYR): WASEONG (5142)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.775

Today's Change

0.00 (0.00%)

Day's Change

0.77 - 0.79

Trading Volume

853,000


3 people like this.

2,476 comment(s). Last comment by ychong88 2 weeks ago

Posted by Goodlucktoyou > 2022-12-02 16:51 | Report Abuse

buy buy buy

ychong88

111 posts

Posted by ychong88 > 2022-12-02 19:35 | Report Abuse

hahaha......

goldmans

10 posts

Posted by goldmans > 2022-12-05 14:13 | Report Abuse

Hahaha..no need so fast also nevermind..as long as slow and steady..hehe

Posted by Goodlucktoyou > 2022-12-05 16:16 | Report Abuse

fast fast lo....locked at 0.85 for years.......rocket..rocket..rocket...

ychong88

111 posts

Posted by ychong88 > 2022-12-05 16:18 | Report Abuse

we need angpow for huat huat huat......fast fast fast

thesteward

6,651 posts

Posted by thesteward > 2022-12-07 19:17 | Report Abuse

Tomolo can gap to limit up bo ?

ychong88

111 posts

Posted by ychong88 > 2022-12-07 21:36 | Report Abuse

hahaha.......i dun think so......this counter never limit up before

fooming

45 posts

Posted by fooming > 2022-12-08 09:19 | Report Abuse

Wah Seong Corp Bhd has secured a contract worth US$127.09 million (RM557.65 million) for the supply of certain floating production storage and offloading (FPSO) modules by Yinson Holdings Bhd. Its indirect wholly-owned subsidiary WS Engineering & Fabrication Pte Ltd was awarded the contract by Yinson's unit

fooming

45 posts

Posted by fooming > 2022-12-08 09:20 | Report Abuse

Yinson Azalea Production Pte Ltd. The scope of work involves engineering, procurement and construction of certain FPSO topside modules, and is expected to be completed within 24 months.

Posted by Goodlucktoyou > 2022-12-08 09:48 | Report Abuse

ini kali lah....come come..

ychong88

111 posts

Posted by ychong88 > 2022-12-08 09:48 | Report Abuse

yes.......still waiting

Penarak

59 posts

Posted by Penarak > 2022-12-08 11:47 | Report Abuse

At 0.645,still can buy

Posted by Goodlucktoyou > 2022-12-08 13:53 | Report Abuse

buy...buy...buy....

ychong88

111 posts

Posted by ychong88 > 2022-12-08 13:54 | Report Abuse

no more bullets.......still waiting release from this counter

ychong88

111 posts

Posted by ychong88 > 2022-12-09 10:23 | Report Abuse

road block at 670, manage to break it ?

ychong88

111 posts

Posted by ychong88 > 2022-12-15 22:04 | Report Abuse

new resistance at 0.70

terence775

549 posts

Posted by terence775 > 2 months ago | Report Abuse

Future is bright for waseong. PM me for my articles that I can't share here

ychong88

111 posts

Posted by ychong88 > 2 months ago | Report Abuse

price no move....speechless

Posted by Why2TellMeWhy > 2 months ago | Report Abuse

gogogo waseong. Wasco Energy is top 5 in the world in global pipe coatings! HODL!!!

ychong88

111 posts

Posted by ychong88 > 2 months ago | Report Abuse

volume coming....gogogo.....

Posted by Why2TellMeWhy > 2 months ago | Report Abuse

tp 3.0 can?

ychong88

111 posts

Posted by ychong88 > 2 months ago | Report Abuse

hahaha.......hopefully can

Posted by Why2TellMeWhy > 2 months ago | Report Abuse

HODL!!! Great company at fair price.

Posted by quinriver > 2 months ago | Report Abuse

RM4b orderbook for RM500m market cap company. Cheap cheap.

ychong88

111 posts

Posted by ychong88 > 2 months ago | Report Abuse

cheap...but the price no move

Posted by Why2TellMeWhy > 2 months ago | Report Abuse

giving us chance to add. gogogo waseong

ychong88

111 posts

Posted by ychong88 > 2 months ago | Report Abuse

hahaha.....add until no more bullets...still not yet up

Posted by Why2TellMeWhy > 2 months ago | Report Abuse

Operator collecting. Hehe

ychong88

111 posts

Posted by ychong88 > 2 months ago | Report Abuse

waiting..................................................

Posted by Why2TellMeWhy > 2 months ago | Report Abuse

TP3.0 gogogo

ychong88

111 posts

Posted by ychong88 > 2 months ago | Report Abuse

hahaha......possible ka ??

Posted by Why2TellMeWhy > 2 months ago | Report Abuse

Why not? 3.5 bil book order and 5% net profit cukup, 774M shares and PE15. That's 3.39 heheh

Posted by Why2TellMeWhy > 1 month ago | Report Abuse

lets break above 0.71 gogogo

Posted by Why2TellMeWhy > 1 month ago | Report Abuse

gogogo Waseong. Lets break 0.82 cents!

ychong88

111 posts

Posted by ychong88 > 1 month ago | Report Abuse

finally..............yeah.....gogogo

Posted by Why2TellMeWhy > 1 month ago | Report Abuse

hehe, ychong88... wait for it to break 0.82 cents first. then we cheer for 0.93. more and more people will join here.

ychong88

111 posts

Posted by ychong88 > 1 month ago | Report Abuse

sure....waiting.......gogogo

tanrich

13 posts

Posted by tanrich > 1 month ago | Report Abuse

Qatar NFXP project awarded to Wah Seong? About US$100M. After that Malaysia Rosmari coming in. Looking good year of rabbit!!!

trader808

143 posts

Posted by trader808 > 1 month ago | Report Abuse

1. In the last 3 years Waseong had a spectacular fall from 1.45 in mid 2020 and hit bottom at 40 sen in 2021. Thereafter, it consolidated within a range of between 55 sen sen to 80 sen until July 2022.

2. Since then, the counter has staged a mini bull run and a confirmed uptrend supported by the announcement of project and award in the oil & gas industry from Yinson which is valued at 557.6 m.

3. The uptrend and its 1st leg began at 55 sen and soared to reach 68 sen for a gain of
13 sen. The 2nd leg which is a correction leg saw the counter retracted to 62 sen. That is a decline of 6 sen or 46%.

4.Early Jan it resumed its uptrend and kicked into the 3rd leg which is an up leg. Price has moved from 62 sen,and decisively broke the resistance at 68 sen and aggressively pushed upwards to reach an intra-day height of 77.5 sen to close the day at 75 sen which was down by 1.5 sen.
5. Technically, the trading day on 31st Jan is represented by a prominent red bar in the candle stick chart. This red bar is known as the 1st day reversal of the 3 leg uptrend. Those who rely on technical analysis to trade would have sold at 75 sen before market closed.
6.If there is any truth with technical analysis it also means the 4th leg which is a correction leg has kicked in yesterday. How much is the correction and by how much price will fall before its resume its uptrend and accelerate into the 5th leg.

7. The 2nd leg retraction was 46% but the 4th leg retraction would usually be mild because the uptrend has been confirmed and advanced into it course. Investors are conscious and aware of the project, company prospects and future earnings.

8. Many will hold onto the shares and endure the fall. If this observation is served as a guidance share price would arbitrarily retract milder say 35%.
Now, 35% of 15 sen is 5.5 sen. If you take 77.5 sen minus 5.5 sen that would mean 72 sen .
9. Technically, it will hit 72 sen or maybe slightly lower before the counter will resume its 5th leg uptrend. From thereon it can possibly go sky high unless impacted by a fundamental change that has a material impact on the profit performance and earning per share.
10. This is my personal perception and technical opinion of the counter and it is not intended to influence your trading strategy and investment plan.
1/2/2023

kmohan62

477 posts

Posted by kmohan62 > 1 month ago | Report Abuse

This co has got some good management team...with projects flow..it will climb slowly but surely...

trader808

143 posts

Posted by trader808 > 1 month ago | Report Abuse

1.Today waseong opened and raised strongly during the trading session. It opened at 75 sen and reached an intra day high of 81.5 sen and thereafter experienced a massive sell down to close flat at 75 sen over huge volume exceeding 24 million shares.

2. In the candlestick chart the price movement and trading takes the shape and pattern of a shooting star or invert hammer.

3. Shooting star is a bearish candlestick in an uptrend as in Waseong. Clearly, profit taking has set in and the uptrend has lost and continued loosing its upwards momentum.

4. The implication of a shooting star signify that a reversal pattern has begun and will accelerate in the coming days.

5. Further selling and weakness in price is realistically expected.

6. Technical has prominently overshadowed fundamental.
2/2/23

Penarak

59 posts

Posted by Penarak > 1 month ago | Report Abuse

Look like Unkle Elvis has left the Building .

ychong88

111 posts

Posted by ychong88 > 1 month ago | Report Abuse

Wah Seong to see strong recovery in O&G activities | https://www.klsescreener.com/v2/news/view/1108471

Penarak

59 posts

Posted by Penarak > 1 month ago | Report Abuse

Unkle tui liao...

ychong88

111 posts

Posted by ychong88 > 1 month ago | Report Abuse

fake rebound ?

Posted by Why2TellMeWhy > 4 weeks ago | Report Abuse

holy smokes! 48M losses?

Income

4,882 posts

Posted by Income > 3 weeks ago | Report Abuse

https://youtube.com/shorts/P8KoMbR0kHo?feature=share
Public backlash?

Davidl

1,676 posts

Posted by Davidl > 3 weeks ago | Report Abuse

Uptrend towards 1.10

ychong88

111 posts

Posted by ychong88 > 2 weeks ago | Report Abuse

walk very slow like turtles.......up 1 bit back 2 bits....sien

Post a Comment