Posted by plroo7 > 2015-11-23 17:26 | Report Abuse

I don't understand why Wah Seong still coming down...i bought d share bcos it's a good counter to invest...maybe i made d wrong move but i believe it takes time ....

Posted by SHQuah > 2015-11-24 16:47 | Report Abuse

Malaysian oil supplies to India last month were the highest in six months, the data showed.

http://www.theedgemarkets.com/my/article/india-oil-imports-asiapac-spike-oct-refiners-tap-new-routes

Posted by plroo7 > 2015-11-25 10:08 | Report Abuse

Hi SHQuah
Why coming down again??? Anything wrong with d company ?

Posted by big_fish > 2015-11-25 10:48 | Report Abuse

Kns punya boss mah

Posted by UY > 2015-11-25 20:24 | Report Abuse

Maybe they expect coming up Quarter report not good. Sign of bad report .

Posted by UY > 2015-11-29 16:53 | Report Abuse

What？？ quarter profit only 2.162mils as for a billion RM company, am I see wrongly?
very smart , every time Quarter report didn't mention much on plantation business at Congo...

Posted by kkng0819kk > 2015-12-01 11:13 | Report Abuse

kena tipu already

Posted by titus > 2015-12-03 12:02 | Report Abuse

breaking 1 soon

Posted by kkng0819kk > 2015-12-03 12:05 | Report Abuse

below 1 also can get

Posted by Wong Kah Wei > 2015-12-03 12:32 | Report Abuse

wtf......kena tipu.

Posted by plroo7 > 2015-12-03 12:57 | Report Abuse

Down again...

Posted by big_fish > 2015-12-03 14:52 | Report Abuse

Oil price up waseong down,oil price down waseong also down ,so i think need to wait waseong boss down than only waseong can up.

Posted by UY > 2015-12-03 20:40 | Report Abuse

Atama share hold less than 50% by waseong soon . Seem not doing well for plantation. What to do wait it down less than RM1.00 then c can buy more or not lor.

Posted by waseong > 2015-12-04 12:27 | Report Abuse

wasco get 450 km linepipe coating from Norway national oil company Statoil. To be announced may on DEC 2015

Posted by big_fish > 2015-12-04 17:32 | Report Abuse

Jangan kena tipu lagi!dah puas!

Posted by waseong > 2015-12-04 19:46 | Report Abuse

Business News
Home > Business > Business News
Friday, 4 December 2015 | MYT 6:49 PM
Wah Seong nets US$39.5mil contract from Norwegian oil company








KUALA LUMPUR: Wah Seong Corp Bhd’s pipe coating unit has clinched a US$39.5mil (RM165.8mil) contract from Statoil ASA Norway for the coating work for the Johan Sverdrup Export Pipeline Project (JoSEPP).

The oil and gas service provider told Bursa Malaysia that the job involved coating of about 430km of 18-inch and 36-inch pipes, including anti corrosion coating, internal flow coating and concrete weight coating.

“Activity is expected to commence in the last quarter of 2016 and be completed by the middle of 2017,” it said.

It said the provision of pipe coating services was the core business of the group and the risks were the normal operational risks associated with provision of pipe coating services.

“The contract is expected to contribute positively to the earnings of the Wah Seong Corp group over the contract period. The contract is project specific and is not renewable,” the company said.

JoSEPP’s objective is to provide a transport solution for the oil and gas from the Johan Sverdrup field to onshore oil and gas terminals (Mongstad and Kårstø).

The 36-inch outside diameter (OD) oil export pipeline is about 283km, which will go north to Mongstad.

The 18-inch OD gas export pipeline is approximately 156 km which will go east from the Johan Sverdrup riser platform (JSRP) to a hot tap at Statpipe (S31) rich gas pipeline at approximately 130 m water depth.

Wah Seong shares gained 3 sen to close at RM1.03 on Friday.

Posted by big_fish > 2015-12-06 01:22 | Report Abuse

Crude oil drop!!

Posted by YunXin > 2015-12-08 13:05 | Report Abuse

No worries... OPEC want Oil Price at USD$80 per barrel... just buy Alam and keep like fixed deposit for 3 years, it will kabooooom to RM 1 easily

Posted by YunXin > 2015-12-08 13:05 | Report Abuse

We must trust Calvin Tan

Posted by big_fish > 2015-12-10 18:28 | Report Abuse

Trap ppl again..

Posted by big_fish > 2015-12-11 00:02 | Report Abuse

Calvintaneng also always 马后炮的。

Posted by kkng0819kk > 2015-12-12 10:07 | Report Abuse

still not at the bottom yet,oil well seems so deep now!

Posted by big_fish > 2015-12-15 20:10 | Report Abuse

Trust Calvintaneng, hahaha will going sell house and car.

Posted by Mat Cendana > 2015-12-16 11:05 | Report Abuse

This isn't a bad company. But it's on an obvious downtrend where the bottom is unknown. It may be 0.95, but this is just guessing. If the punter is lucky and it is the bottom, he will feel like a genius. Of Warren Buffet's class. But more often than not, trying to guess the bottom ends up in one becoming a forced investor. There's no fun in seeing our capital 'sangkut' in counters that are in a slow slide. Better wait for the indicators to perk up a bit.

Posted by sangjero > 2015-12-17 00:09 | Report Abuse

already went down a lot.....upside looks very good....

Posted by kkng0819kk > 2015-12-17 10:02 | Report Abuse

i fikir,if price of oil stays above 35usd,wseong price downside will be capped

Posted by travoltakeong > 2015-12-18 18:21 | Report Abuse

This stock is extremely undervalue....already at rock bottom...

Tangible book value 1.31..

Median p/s value 1.9

Graham number 1.55...

Posted by necro > 2015-12-20 18:38 | Report Abuse

Once a RM9++ company

Posted by jjchan > 2015-12-21 17:54 | Report Abuse

Saudi hates Iran. And Iran will be pumping oil next year. You think Saudi will let Oil price
go Up so that Iran can benefit

Posted by regnig > 2015-12-22 16:30 | Report Abuse

buy when oil price is recovering

Posted by travoltakeong > 2015-12-22 22:34 | Report Abuse

Wah Seong ( TP: RM1.06): To sell 25% stake in WDG Resources to Epilog Tegap. Wah Seong Corp has proposed to dispose of 25% of its stake in WDG Resources SB (formerly known as Advanced Piping Systems SB) for RM200,000 in cash to Epilog Tegap SB as part of WDG's expansion plan. The remaining 600,000 shares, or a 75% stake in WDG, will be taken up by Syn Tai Hung Trading SB, an indirect wholly-owned subsidiary of Wah Seong, for a total cash consideration of RM600,000. (Financial Daily)

Posted by SHQuah > 2016-01-01 12:44 | Report Abuse

http://www.thestar.com.my/news/world/2016/01/01/rouhani-says-iran-has-right-to-develop-missiles-expands-programme/

Posted by SHQuah > 2016-01-01 12:44 | Report Abuse

DUBAI (Reuters) - President Hassan Rouhani ordered his defence minister on Thursday to expand Iran's missile programme, in response to a U.S. threat to impose sanctions over a ballistic missile test Iran carried out in October.

"As the U.S. government is clearly still pursuing its hostile policies and illegal meddling ... the armed forces need to quickly and significantly increase their missile capability," Rouhani wrote in a letter to Defence Minister Hossein Dehghan, published on the state news agency IRNA.

U.S. President Barack Obama's administration is preparing new sanctions against international companies and individuals over Iran's ballistic missile programme, sources familiar with the situation said on Wednesday.

Posted by SHQuah > 2016-01-01 12:45 | Report Abuse

oil price should go up if sanction start

Posted by regnig > 2016-01-07 13:40 | Report Abuse

crude oil price is about $33, palm oil price may help waseong to recover a little bit in next quarter result

Posted by kkng0819kk > 2016-01-09 15:33 | Report Abuse

wseong boleh

Posted by big_fish > 2016-01-10 15:37 | Report Abuse

Sudah setengah mati lagi boleh?

Posted by titus > 2016-01-13 19:14 | Report Abuse

wah seong palm oil? I know they plant in congo but no much news on that. Also it way to young to bear any fruits. They hv any other plantation?

Posted by SHQuah > 2016-01-19 16:23 | Report Abuse

a 6.4% reduction in Russian oil exports would translate into a drop of around 460,000 barrels a day, according to the Telegraph.

http://www.marketwatch.com/story/could-this-surprising-factor-save-oil-from-iran-fueled-slide-2016-01-15

Posted by nkk53 > 2016-01-21 13:03 | Report Abuse

Can masuk la,harga minyak at 28 already

Posted by Markus See > 2016-01-21 15:04 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4981157
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4979881

Posted by nkk53 > 2016-01-22 16:31 | Report Abuse

Or we tunggu oil price drop to 20usd only we start buying waseong

Posted by regnig > 2016-01-27 10:39 | Report Abuse

start buying

Posted by travoltakeong > 2016-01-28 12:45 | Report Abuse

average target.....1.11-1.40.....

Posted by travoltakeong > 2016-01-28 19:05 | Report Abuse

epf sell.....company buy back......

good luck.....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4988849

Posted by UY > 2016-02-02 22:40 | Report Abuse

EPF always buy, sell, buy, sell ....lol.
point is it got money to buyback what EPF sell mah..

Posted by kakashit > 2016-02-02 23:23 | Report Abuse

实在是令人唏嘘，昔日的市场宝贝。

Waseong thought it was good to diversify into renewable and plantation, but actually it is still putting all the eggs into the same basket.

Oil price collapsed, their pipe coating sure kena, then it will be lack of cost efficency to produce renewable energy, then cpo price also drop.

最后以悲剧收场

Posted by Markus See > 2016-02-03 19:00 | Report Abuse

Wah Seong acquired 49% of ALAM-PE in 2014. It also bought substantial stake ~27% of PETRA ENERGY BHD in 2012. Both big transactions made during the oil prices peak time. Since the oil collapse, I'm surprise to see Waseong share price still not badly battered compare to other O&G counters since both their investment in Alam PE and Petra Energy had lost value. While they actively buyback their own shares to support the prices, EPF is selling.

Posted by nkk53 > 2016-02-03 19:29 | Report Abuse

Epf pun takut

Posted by SHQuah > 2016-02-04 07:39 | Report Abuse

A lot of stupid panic investors sell when the oil price is down. Then later buy back at higher price when oil price is up.
I always buy when oil price is down and hold on when oil price is up.
I've confident that oil price will go up above US$50 per barrel or even US$60 end of this year or maybe early next year.