Posted by SHQuah > 2015-04-28 10:19 | Report Abuse

U.S. crude output drop seen accelerating as rig cut reverberates

http://www.theedgemarkets.com/my/article/us-crude-output-drop-seen-accelerating-rig-cut-reverberates

Posted by waseong > 2015-05-02 19:03 | Report Abuse

study news flow on Petronas's investment for Canada's Prince Rupert Gas Pipeline Project

Posted by waseong > 2015-05-03 13:01 | Report Abuse

wasco has been selected to receive Petronas Outstanding Vendor (OVA) 2015

Posted by feifun > 2015-05-05 13:00 | Report Abuse

long term good prospect

Posted by ampabella > 2015-05-08 23:03 | Report Abuse

jialat kena sue rm40 million +

Posted by UY > 2015-05-10 21:10 | Report Abuse

kena sue for what?? any news can share??

Posted by Alfred Lee > 2015-05-11 03:23 | Report Abuse

The company has been sued for breaches of JV agreement and supplemental agreement. However, it does not have significant impact on the company because the net profit is enough to cover up a big portion of the claim.

Posted by Caroline Ang > 2015-05-12 10:36 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4734077

Circular to Shareholders in relation to:
Remarks Part (A) Proposed Renewal of Authority to Buy-Back its Own Shares; and Part (B) Proposed Renewal of Shareholders' Mandate for the Existing Recurrent Related Party Transactions of a Revenue or Trading Nature and Provision of Financial Assistance

Posted by feifun > 2015-05-13 14:23 | Report Abuse

good dividend yield at current price

Posted by Titicamara > 2015-05-13 15:45 | Report Abuse

To those interested in Wah Seong's latest news, here are Wah Seong's presentation slides for Invest Malaysia 2015.

http://ul.to/zbfph73j

Posted by waseong > 2015-05-13 17:25 | Report Abuse

good presentation !

Posted by johnny cash > 2015-05-14 07:31 |

Post removed.Why?

Posted by johnny cash > 2015-05-14 07:32 | Report Abuse

US marketing
Maccagno and Ariesza sat down with 10 fund managers representing nine fund
management companies in San Diego, Los Angeles, Santa Barbara, Salt Lake
City, Boston and New York City. It was largely a series of introductory meetings
as only three out of the 10 fund managers had met with management before,
although all were familiar with Wah Seong’s competitor Bredero.
With a market capitalisation of US$269m, Wah Seong was generally perceived
as an emerging-market small-cap. Valuations were viewed as cheap at 7-8x
FY15-16 P/Es, but liquidity was deemed insufficient with an average daily
turnover of only US$0.07m.
In FY13, Wasco contributed 62% and 85% to Wah Seong’s revenue and pretax
profit, respectively (Figures 1 and 2). The two businesses under Wasco are
pipe-coating and engineering. The former is mostly carried out at the
company’s world-class facility in Kuantan, while the latter entails the design,
fabrication and engineering of mostly offshore structures, such as gas
compressors, at yards in Singapore, Batam and Dubai.

Posted by johnny cash > 2015-05-14 07:32 |

Post removed.Why?

Posted by johnny cash > 2015-05-14 07:33 |

Post removed.Why?

Posted by johnny cash > 2015-05-14 07:34 |

Post removed.Why?

Posted by johnny cash > 2015-05-14 07:34 | Report Abuse

TARGET PRICE STILL MAINTAIN 1.88 BY CIMB

Posted by big_fish > 2015-05-14 16:16 | Report Abuse

still can not moveeeeee!!!?

Posted by feifun > 2015-05-15 16:00 | Report Abuse

not yet move, not cannot move.

Posted by big_fish > 2015-05-18 11:04 | Report Abuse

still like dead fish.haiz.....

Posted by waseong > 2015-05-18 11:56 | Report Abuse

stronger profit on 1Q15

Posted by SHQuah > 2015-05-19 14:47 | Report Abuse

According the ALAM 2014 Annual report....Alam and Waseong both are partner in Oil and Gas Business.
Waseong holding a lot of shares in ALAM PE holding

Posted by UY > 2015-05-25 20:53 | Report Abuse

Q result not bad, hope it getting better in coming quater.

Posted by SHQuah > 2015-05-27 11:31 | Report Abuse

today theStar paper recommend outperform on Waseong with higher target price.

Posted by supernova > 2015-05-27 11:55 | Report Abuse

its a quiet stock among all O&G counters. why Star why?

Posted by calvintaneng > 2015-06-03 08:58 | Report Abuse

WASEONG?

WA - In Cantonese means "SURPRISE"

SEONG = In Cantonese means "UP"

So WaSeoung = Going Up In Surprise!

Posted by nnmm > 2015-06-03 13:08 | Report Abuse

omg...tainted by nonsense

Posted by calvintaneng > 2015-06-04 08:14 | Report Abuse

WOW!

LATEST NEWS FROM OPEC

OPEC WANTS OIL TO BE AT USD80

WASEONG WILL ENTER BULLISH PHASE!

Posted by calvintaneng > 2015-06-04 18:37 | Report Abuse

Wahaha!

Posted by waseong > 2015-06-04 20:37 | Report Abuse

wacai running lo !

Posted by investor8888 > 2015-06-04 21:39 | Report Abuse

瞄准海外油气和再生能源 华商控股竞标50亿订单

曾钊联（右） 与麦哥诺， 畅谈华商控股天然汽管涂层与再生能源业务的最新动向。

（槟城3日讯）华商控股（WASEONG，5142，主板工业产品股）指出，今年竞标45至50亿令吉订单，主要集中在墨西哥、拉丁美洲、靠近挪威的北海及南美洲的油气业及再生能源。
华商控股董事经理兼总执行长曾钊联指出，尽管国际油价在过去半年走软，打击全球油气业务，不过，该公司的天然气管涂层业务不但不受影响，反而稳健成长。
该公司副董事经理麦哥诺解释说，在华商控股的14亿令吉营业额中，天然汽管涂层业务占70至80%，石油业务仅占剩余的约20%。
他说，由于天然气属于更清洁的能源，而且价格更廉宜，因此，引来更多投资在天然气开采及输送工业，尤其是需求强劲的中国。
同时，价格廉宜的天然气也被用作生产再生能源，因此，该公司看好天然气管涂层业务，在2015年将继续增长及攫取更多订单。
他们两人今日在华商控股第15届常年股东大会后的记者会上，如是指出。
麦哥诺指出，华商控股目前手中的订单，包括油气业12亿令吉、再生能源2亿8050万令吉，及工业交易与服务业2亿920万令吉。
油价料重返65-70美元
曾钊联指出，华商控股旗下联营公司PMTShinko Turbine私人有限公司，销售给柬埔寨生物质发电厂总值8000万令吉的1000台涡轮发动机，目前仍在建造中，预计将在明年落成发电。
至于该公司在洪都拉斯的再生能源计划，则暂时不变对外透露详情。
针对原油价格走底的问题，曾钊联则说，这是每个行业都会面对的调整期，无论如何，随着近期石油需求上升并带动油价走升，他预测油价今年有望返回65至70美元之间交易。
他说，由于目前石油还是无法完全被替代的能源，因此，他相信随着国际油气公司继续投资开采，加上工业领域的需求增加，原油价格将会逐步回升。

Posted by waseong > 2015-06-07 01:08 | Report Abuse

Petronas in talks with First Nation
Saturday, 6 June 2015






It wants to resolve issues related to aboriginal group’s concerns on Canada project

PARIS: Petroliam Nasional Bhd (Petronas), which is currently awaiting environmental approval for its proposed multi-billion ringgit liquified natural gas (LNG) export terminal project in Canada, is engaging with the Canadian aboriginal group known as First Nation to resolve issues related to the group’s concerns.

Executive vice-president and chief executive officer of upstream Datuk Wee Yeow Hin said the proposed project had a good business case to proceed, although it had yet to make a final investment decision.

“We have not made a decision yet whether to proceed with the project. We’re hoping to make the decision soon. At the same time, we have to work with the First Nation to resolve their concerns before we can proceed with the project,” Wee told Bernama on the sidelines of the 26th World Gas Conference here.

The aboriginal group earlier rejected an offer of C$1bil (RM2.97bil) in return for supporting the export terminal, saying the development would harm a fish habitat next to the project site.

Asked whether consent from the First Nation community was required for the project to proceed, Wee said, “We will always make sure that we manage our stakeholders. Our (business) model is always to work with them.”

The Petronas-led Pacific NorthWest LNG project in north-eastern British Columbia, Canada, involves the construction of facilities to process and export natural gas to be produced by Progress Energy Canada Ltd.

An earlier report said the total investment by Petronas and its partners at roughly C$36bil include the construction of the Pacific NorthWest LNG export terminal near the northern city of Prince Rupert, a natural gas pipeline and ongoing gas development.

Meanwhile, vice-president of Global LNG Project Adnan Zainol Abidin said Petronas was waiting for the environmental permit from the federal regulator.

The project received environmental approval from the provincial government last year.

“We can’t tell when exactly they are going to issue, but we hope sooner than later. We hope to achieve something in weeks rather than months,” he added.

Adnan said the group was working on multiple tracks, including working closely with the federal and provincial governments as well as the Canadian Environmental Assessment Agency, and continuing to engage the First Nation community to address their concerns.

“We work constructively so that we can see how can we move the project forward because we are of the opinion that the project is beneficial to the community and country,” he added. — Bernama

Posted by supernova > 2015-06-09 09:42 | Report Abuse

heavy drop these 2 days

Posted by supernova > 2015-06-09 09:43 | Report Abuse

below 1.20 will be yummy

Posted by calvintaneng > 2015-06-10 00:54 | Report Abuse

AHAHA!

SUMMER IS HERE. MULTIPLIED MILLIONS OF AMERICANS & CHINESE WILL USE BILLION GALLONS OF OIL.

OIL PRICE WILL REBOUND POWERFULLY!!

Posted by jjchan > 2015-06-10 08:58 | Report Abuse

Calvin are you smoking illegal substance. I know Singapore has death penalty for this
substance and so is in Malaysia

Posted by gungho92 > 2015-06-10 14:52 | Report Abuse

last year keep yelling bjcorp, bjcorp, bjcorp... now switch to O&G ?!

dude, please chill. by u promoting so furiously, you cannot move the market! if its really good company, just keep to yourself can lo...

Posted by activetrader > 2015-06-10 16:17 | Report Abuse

calvintan is a sohaijerk... he knows nothing.. he con ppl in armada. uems. and alot more... who trusted him more sohai lo...

Posted by waseong > 2015-06-15 07:08 | Report Abuse

国油： 若符合2条件 加国LNG计划可立即展开
财经新闻 财经  2015-06-13 10:52


国油指出，Pacific Northwest LNG计划已满足和符合所有技术与商业条件。

（吉隆坡11日讯）国家石油公司（Petronas）指出，假设能够满足2个条件，就会立即展开位于加拿大的Pacific Northwest LNG计划。
这2个条件，分别是获得联邦政府环境评估报告的批准，以及跟英属哥伦比亚政府确立长期开采税的协议。
国油在温哥华与该计划的伙伴协商后，已经作出最终投资决定（FID），该公司指出，假设可满足上述条件，公司与伙伴就继续推进Pacific Northwest LNG计划。
暂停环境评估
Pacific Northwest LNG计划总裁迈克卡尔伯特向路透社表示：“这次会议是推动计划进行的重大助力，一旦满足这2个条件，我们将立即展开工程。”
国油也指出，Pacific Northwest LNG计划已满足和符合所有技术与商业条件，接下来，将等待相关单位的批准和支持。
国油改变了一些设计，减少对当地生态环境的打击，并继续与当地原住民社区联盟洽谈，寻找解决方案。
同时，加拿大环境评估机构在本月第3次，暂停环境评估，并要求呈上更详细的资料与报告。
由于CEAA并未透露恢复评估程序的确切日期，因而为该计划带来不确定因素。
输送管计划获批
加拿大政府在周四（11日），批准了一个供应天然气予该计划的输送管，该输送管总值17亿加元（约51.77亿令吉）。
这项计划由国油领军，有望成为加拿大首个主要液化天然气（LNG）出口设施，目标在2019年营运，供应亚洲市场。
破坏生态引争议
其他的伙伴为中国石油化工、日本石油勘探公司、印度石油公司和汶莱石油。
但这项计划频频遭遇绊脚石，主要障碍是当地居民担心生态环境遭到破坏，因而提出反对，亦拒绝了总值11.5亿加元（约34.96亿令吉）的赔偿金。
加拿大天然资源部也指出，公司很可能低估该计划对当地养殖业打击。
原住民社区联盟挑战政府
原住民社区联盟Blueberry River First Nations表示，将挑战加拿大天然气发展部长科尔曼的决定。
该联盟已委托律师，反对当地政府与国油子公司Progress Energy签署的长期开采税协议。
在这项协议底下，Progress Energy将投资数十亿加元，在Blueberry River的主要地区，发展大型工业项目。
由于这将有损当地居民的权益，因此，原住民社区联盟决定提出反对。

Posted by waseong > 2015-06-16 13:00 | Report Abuse

wacai eat beras kulit 2nd qtr

Posted by calvintaneng > 2015-06-18 09:53 | Report Abuse

WAAAAAAAAAASEONGGGGG!!!!!!!!!!!!!!!!!!!!!!

Posted by SHQuah > 2015-06-18 15:50 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/06/18/Foreign-funds-turn-net-buyers-on-Bursa-Malaysia/?style=biz

Posted by calvintaneng > 2015-06-27 10:38 | Report Abuse

Petronas officially launched Rm60 billion Rapid project in Pengerang. See Star paper today!

Posted by SHQuah > 2015-06-30 13:13 | Report Abuse

http://www.theedgemarkets.com/my/article/wah-seong%E2%80%99s-europe-north-america-inroads-are-potential-catalysts-says-cimb

Posted by SHQuah > 2015-06-30 13:14 | Report Abuse

KUALA LUMPUR (June 30): CIMB Investment Bank Bhd has advised investors to accumulate shares in Wah Seong Corp Bhd ( Financial Dashboard), as the brokerage sees the group’s inroads in Europe and North America as potential catalysts.

In a note today, CIMB said the group could potentially secure a second contract with Statoil in Norway, worth upwards of US$100 million (RM377.35 million), following the success of the RM627 million pipe-coating contract for Statoil’s Polarled project.

“Management is looking forward to potentially securing a second contract — worth no less than US$100 million — with Statoil in Norway, where it already has an onsite, mobile plant that is handling the Polarled pipes and is aiming to further serve the North Sea market.

“The contract winner is expected to be announced in July or August 2015, before the contract commences in 2016,” said the research house.

Meanwhile, CIMB noted that Wah Seong (fundamental: 0.95; valuation: 2.60) is also bidding for potentially recurring jobs in North America, via its 49%-owned Bayou Wasco’s deepwater plant in Louisiana as its key asset.

For its operations in Malaysia, the research house said it is positive on the group’s small presence in Pengerang, as Wah Seong delivered the first shipment of spiral-welded onshore steel pipes for the RM202 million Pengerang contract, earlier this month.

It also said production has started at Wah Seong’s Sabah and Penang facilities last month, following a letter of intent received in the first quarter of this year.

“As at March 31, 2015, Wah Seong had orders worth RM1.2 billion, of which 59% came from oil & gas, 25% from renewable energy and 16% from industrial trading and services. Its tender book is worth RM5 billion, of which 80% consists of oil & gas jobs,” said CIMB.

Wah Seong was unchanged at RM1.32 at 11.40am today. Its market capitalisation was RM1.02 billion.

Posted by SHQuah > 2015-07-01 09:10 | Report Abuse

KUALA LUMPUR, July 1 (Reuters) - Fitch maintained Malaysia's
long-term foreign currency issuer default rating (IDR) at A- and
local currency at A, with outlook revised to stable from
negative previously.
Fitch said in a statement that Malaysia's fiscal finances
have improved and views progress on the Goods and Services Tax
(GST) and fuel subsidy reform as supportive of the fiscal
finances.

Posted by SHQuah > 2015-07-09 13:39 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4798241

Posted by SHQuah > 2015-07-09 13:40 | Report Abuse

EPF Acquired 06 Jul 2015 516,400
Direct (units) 48,447,792
Direct (%) 6.253

Posted by SHQuah > 2015-07-10 13:06 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4799509

Posted by SHQuah > 2015-07-10 13:07 | Report Abuse

EPF Acquired 07 Jul 2015 53,700
Direct (units) 48,501,492
Direct (%) 6.26