WAH SEONG CORPORATION BHD

KLSE (MYR): WASEONG (5142)

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Last Price

0.61

Today's Change

-0.015 (2.40%)

Day's Change

0.595 - 0.615

Trading Volume

620,900


3 people like this.

2,432 comment(s). Last comment by ychong88 2 days ago

Posted by wallstreetrookie > 2022-04-18 09:28 | Report Abuse

Stop spamming

LubeTrader

166 posts

Posted by LubeTrader > 2022-05-05 10:19 | Report Abuse

Oh no! Here we go again. Sigh.

virust

508 posts

Posted by virust > 2022-05-07 07:23 | Report Abuse

What happened when crude oil price keep going up?

Upstream O&G – pure upstream player Hibiscs is the first beneficiary in near term and share price already up more than 100%.

Downstream O&G – Hengyuan, PetronM and Petdag started to augur some profit as the rise of oil product spread price. Those share prices up 20 to 50% and need to take note that both Hengyuan and PetronM is pure downstream player.

O&G service provider – Dayang, Waseong, Penergy, Deleum, Uzma, Carimin and RL will be the last beneficiary with promising contract awarded from PETRONAS. Those share prices is on the move.

We are on the USD100++ Crude oil era which happened 10yrs ago couple with high inflation

LubeTrader

166 posts

Posted by LubeTrader > 2022-05-07 09:15 | Report Abuse

I hope this is not considered spamming but I just want to say that the above comment is very informative. Thank you for sharing.

ychong88

64 posts

Posted by ychong88 > 2022-05-11 15:45 | Report Abuse

when public more news...the share price more further down......

LubeTrader

166 posts

Posted by LubeTrader > 2022-05-12 08:58 | Report Abuse

I hope this is not considered spamming....
Yeah, from experience that's how prices of stocks generally reacts to BUY calls. Buy low, Sell high principle is showing. Take this opportunity to accumulate this stock is what I will do.

Posted by bullmarket1628 > 2022-05-17 10:37 | Report Abuse

I think now O & G counters start booming is because the election is coming soon, market has to be hot hot only people can vote them to Win...

For those party whom can make market spike up like as 1990-1997 crazy hot stock market period, I will vote he/she Win !

Heng ah, Ong ah, Huat ah !

ychong88

64 posts

Posted by ychong88 > 2022-05-30 15:38 | Report Abuse

why many good news come out, but the share price no up.....sien

LubeTrader

166 posts

Posted by LubeTrader > 2022-05-31 10:34 | Report Abuse

Share price drop? Accumulate!
*This comment is not a spam

Posted by bullmarket1628 > 2022-06-10 07:07 | Report Abuse

Petronas ups annual capex to RM60 bil, makes first allocation for clean energy
SyafiqahSalim/theedgemarkets.com
June 09, 2022 16:20 pm +08

https://www.theedgemarkets.com/article/petronas-plans-rm60b-capex-2022-says-group-cfo

KUALA LUMPUR (June 9): Petroliam Nasional Bhd (Petronas) is allocating about RM60 billion for capital expenditure (capex) in financial year ending Dec 31, 2022 (FY22) compared with RM30.5 billion a year earlier as the Malaysian national oil company prepares for the resumption of business activities, which were earlier disrupted by Covid-19-driven movement restrictions, and as the group sets aside money for clean energy or non-hydrocarbon-related ventures.
"This year, we expect to almost double that [capex] amount which is RM60 billion, because of catch-up and the return of [business] activities. This is also the time we have to make inroads in some material steps into the non-hydrocarbon side of things," Petronas chief financial officer Liza Mustapha said on Thursday (June 9) at the MIDF Conversations event, which was held virtually.
MIDF group managing director Datuk Charon Mokhzani was the moderator for the event.
Liza said that out of Petronas' planned RM60 billion capex allocation for FY22, about RM40 billion has been earmarked for the oil and gas business besides non-hydrocarbon–related operations while the balance of the capex allocation has been earmarked to finance Petronas Chemicals Group Bhd's (PetChem) wholly-owned subsidiary Petronas Chemicals International B.V. (PCIBV) proposed acquisition of the entire stake in Sweden-based specialty chemicals group Perstorp Holding AB for €1.54 billion (about RM7.02 billion) from Financiere Foret S.A.R.L.
Petronas owns a 64.35% stake in PetChem, according to PetChem's latest annual report.
Looking ahead, Liza said non-hydrocarbon-related income is expected to account for about 30% of Petronas' revenue.
"[About] 30% of our revenue should be coming from something which is not related to hydrocarbons.
"We have to factor in [business] growth, otherwise, we will not be able to manage the energy transition and we will miss our target of achieving [net] zero [carbon] emissions by 2050," she said.
According to her, about 10% of Petronas' RM60 billion capex allocation for FY22 will be earmarked for non-traditional businesses such as specialty chemicals and solar energy.
"Previously, I think there was never a plan on what rate it should be [for the clean energy segment] because there was no allocation from the top. So, it didn't really take off.
"So, we need to rethink our decision on the capital allocation [for the clean energy segment] and put it aside, because if we leave it at that and let them go with the flow, we are going to be a year behind the target again," she said.
Petronas' financials improved in 1QFY22. In a statement on May 31, 2022, Petronas said profit after tax rose to RM23.44 billion in 1QFY22 from RM9.22 billion a year earlier while revenue climbed to RM78.75 billion from RM52.55 billion.
"Despite favourable [first quarter] performance, the high oil and gas prices are expected to remain vulnerable with increased volatility due to geopolitical and macro-economic uncertainties.
"Petronas will continue to strengthen our operational excellence to maximise value creation whilst intensifying our growth and sustainability agenda in Malaysia and internationally,” the company said.

Edited By: Chong Jin Hun

willc48

492 posts

Posted by willc48 > 2022-06-10 09:25 | Report Abuse

wah Seong debt level high..

Posted by bullmarket1628 > 2022-06-12 16:43 | Report Abuse

南详商报。财经新闻
传Icon岸外拟购沙布拉能源资产
2022年06月11日

https://www.enanyang.my/财经新闻/传icon岸外拟购沙布拉能源资产

(吉隆坡11日讯)Icon岸外(ICON,5255,主板能源股)将成为新一个沙布拉能源(SAPNRG,5218,主板能源股)的拯救者?
根据财经周刊《The Edge》报道,Icon岸外有意接手,沙布拉能源在联营的沙布拉贝克休斯(Sapura Baker Hughes TPS)手持的51%股权。

Icon岸外和沙布拉能源并未否认此收购计划。

已经陷入PN17、急需重组的沙布拉能源,在回应《The Edge》时直言:“作为重组计划,我们在重审所有资产和业务,包括沙布拉贝克休斯。”
Icon岸外则回应指,该集团一直不断找寻强化自身能力,和为所提供服务增值的机会。

“现在的财务状况,让我们有着强劲地位去追求一些有价值的并购活动。”
沙布拉贝克休斯是沙布拉能源与美国油气巨头贝克休斯,以51:49方式联营的油气服务公司,并负责为国家石油的浮动液化天然气设施提供维修服务。
报道特别称,这家联营公司是沙布拉能源“较成功的一个单位”;截至2021年1月财年,这家公司拥有超过2亿令吉资产,以及约1.58亿令吉负债,并获得3785万令吉税后净利。

tanrich

12 posts

Posted by tanrich > 2022-06-28 10:38 | Report Abuse

bullmarket1628 please say something different. You are not only boring. Irritating too!

VTrade

2,349 posts

Posted by VTrade > 2022-07-29 10:40 | Report Abuse

Loss another 10bit that cause 27%

Kerja padah sendiri

Posted by bullmarket1628 > 2022-08-23 11:40 |

Post removed.Why?

Posted by bullmarket1628 > 2022-08-23 11:58 | Report Abuse

Wow, Fantastics !

Now Hibiscs already traded at=>
0.965 (+0.065)(+7.2%) !



Heng ah, Ong ah, Huat ah !

Ven Pandora18

2,176 posts

Posted by Ven Pandora18 > 2022-08-25 19:49 | Report Abuse

Wow ! Waseong results so nice

ychong88

64 posts

Posted by ychong88 > 2022-08-25 21:27 | Report Abuse

possible tomorrow will gap up ??

nixonteh85

887 posts

Posted by nixonteh85 > 2022-08-26 03:54 | Report Abuse

impossible impossible impossible

ychong88

64 posts

Posted by ychong88 > 2022-08-26 09:25 | Report Abuse

hahaha.....really no limit up

nixonteh85

887 posts

Posted by nixonteh85 > 2022-08-26 11:12 | Report Abuse

low TP by Kena
wrong channel

Penarak

57 posts

Posted by Penarak > 2022-08-31 12:43 | Report Abuse

2 price targets of RM 0.64 and RM 1.17 .Big difference !

Michael Kwok

4,933 posts

Posted by Michael Kwok > 2022-08-31 12:52 | Report Abuse

Downgrade waseong early 40 cents.price 67 cents.
31/8/2022 12.53pm

Posted by bullmarket1628 > 2022-09-06 07:30 |

Post removed.Why?

Posted by gohnelson > 2022-09-06 09:21 | Report Abuse

Is Wah Seong out of Nord Stream Project.

waseong

189 posts

Posted by waseong > 2022-09-06 19:35 | Report Abuse

now all the way Barossa GEP, Barossa SURF, Jerun Field development, Shell Timi SK318 Field Develpment

Posted by bullmarket1628 > 2 months ago |

Post removed.Why?

Posted by bullmarket1628 > 2 months ago | Report Abuse

Tommorrow once the Donbast referendum being passed, then Russia will annexed those 4 Donbast regions from Ukraine, then will start war between Russia and Europe, then oil price will spike up to above USD $120 again !

Then all the O & G counters will spike up to sky high especially Waseong's price will break above RM1.00

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2 months ago | Report Abuse

Russia's war in Ukraine is at a dangerous tipping point
Analysis by Nick Paton Walsh, CNN
Updated 1:49 AM EDT, Tue September 27, 2022

https://amp.cnn.com/cnn/2022/09/27/europe/putin-binary-moment-russia-ukraine-war-tipping-analysis-intl/index.html

Kramatorsk, Ukraine(CNN) The chaos of the past week might be incorrectly comforting. Despite Russia's continued disastrous handling of its war of choice in Ukraine, the conflict's most dangerous moment may be nearing.
At some point this week, the Kremlin will likely declare that "sham" referendums in four partially occupied areas of Ukraine have delivered a mandate for their swift assimilation into what Moscow calls Russian territory…

Posted by bullmarket1628 > 2 months ago | Report Abuse

Latest news from CNN…
A war between Russia & USA/Europe will be ignited anytime from now if the ‘Sham’ referendum results is in favour to russia (of course is a sure guranteed passed results created by Russia), So, since russia will use this results by annexed 4 Ukraine’s regions and as an excuse for them to publicly giving mandate to them to sending millions of troops to based the stations permanently into this 4 regions,
then a new World War III cannot be avoid and will happened anytime from now already !

Then the Oil price definitely will immediately shooting up to sky high !

And then all the O & G counters definitely will follow to spike up like mad already !

Posted by bullmarket1628 > 2 months ago |

Post removed.Why?

Penarak

57 posts

Posted by Penarak > 2 months ago | Report Abuse

Limit up your Head,Bull !

Posted by bullmarket1628 > 2 months ago |

Post removed.Why?

Posted by bullmarket1628 > 2 months ago |

Post removed.Why?

Posted by bullmarket1628 > 2 months ago | Report Abuse

Oil prices could soon return to $100 as OPEC+ considers ‘historic’ cut, analysts say
PUBLISHED MON, OCT 3 2022 6:43 AM EDT

Lee Ying Shan @LEEYINGSHAN
Sam Meredith @SMEREDITH19

https://www.cnbc.com/amp/2022/10/03/opec-oil-prices-could-soon-return-to-100-a-barrel-analysts-say.html

KEY POINTS
* OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria on Wednesday to decide on the next phase of production policy.
* The oil cartel and its allies are considering an output cut of more than a million barrels per day, according to OPEC+ sources who spoke to Reuters.
* "The OPEC ministers are not going to come to Austria for the first time in two years to do nothing. So there's going to be a cut of some historic kind," said Dan Pickering, CIO of Pickering Energy Partners.

Posted by bullmarket1628 > 2 months ago |

Post removed.Why?

Posted by bullmarket1628 > 2 months ago | Report Abuse

White House Disappointed With OPEC’s ‘Shortsighted’ Decision
By Charles Kennedy - Oct 05, 2022, 12:00 PM CDT

https://oilprice.com/Energy/Energy-General/White-House-Disappointed-With-OPECs-Shortsighted-Decision.amp.html

A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices. 

Earlier on Wednesday, members of OPEC+ said they would cut November production quotas by 2 million bpd, citing the “uncertainty that surrounds the global economic and oil market outlooks”. 

The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down. 

Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”

Posted by bullmarket1628 > 2 months ago | Report Abuse

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted
By Ahmad Ghaddar, Alex Lawler and Rowena Edwards
October 6, 2022 4:33 AM GMT+8Last Updated 17 min ago

https://www.reuters.com/business/energy/opec-heads-deep-supply-cuts-clash-with-us-2022-10-04/

VIENNA/LONDON, Oct 5 (Reuters) - OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.
OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy..

Posted by bullmarket1628 > 2 months ago |

Post removed.Why?

Posted by bullmarket1628 > 2 months ago |

Post removed.Why?

Penarak

57 posts

Posted by Penarak > 5 days ago | Report Abuse

At 0.605 , looking attractive .

Jnlee

212 posts

Posted by Jnlee > 5 days ago | Report Abuse

buy,buy,buy

ychong88

64 posts

Posted by ychong88 > 5 days ago | Report Abuse

why drop so many ???

stainlyho37

2,162 posts

Posted by stainlyho37 > 5 days ago | Report Abuse

took some....attractive prices !!

ychong88

64 posts

Posted by ychong88 > 5 days ago | Report Abuse

pullback more only collect.....maybe below 60 cts

Posted by Goodlucktoyou > 5 days ago | Report Abuse

buy buy buy

ychong88

64 posts

Posted by ychong88 > 4 days ago | Report Abuse

hahaha......

Posted by goldmans > 2 days ago | Report Abuse

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

Posted by Goodlucktoyou > 2 days ago | Report Abuse

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

ychong88

64 posts

Posted by ychong88 > 2 days ago | Report Abuse

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

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