Posted by Markus See > 2016-02-04 14:48 | Report Abuse

I used to own this stock. I got out with small profit. I have faith in the management. I'm on lookout for re-investing when the price is "right". As mentioned, they made wrong bets. Its not end of the world, its part and parcel of investment. They will weather through the storm. They are big enough. I just think there should be more impairment for the wrong bets they made in Petra and Alam. I will wait for the coming quarter result. Numbers don't lie.

Indeed, numbers don't lie. Their balance sheet is not as strong as before. Go look at the 5 years balance sheets. Cash is depleting and short term loans are increasing. Go make your own evaluation.

They are using cash reserve to support the share price. I'll be little surprise if they declare dividend this end February. They might to support the share price.

Posted by nkk53 > 2016-02-04 16:44 | Report Abuse

Below 0.80,we all mesti manpus and go holland liew

Posted by Markus See > 2016-02-05 14:56 | Report Abuse

Maybank IB TP 0.60 back in Nov 30, 2015 when share price was RM1.08
http://klse.i3investor.com/servlets/staticfile/274197.jsp

Posted by travoltakeong > 2016-02-07 09:31 | Report Abuse

As of today, Wah Seong Corp Bhd's share price is RM0.805. Wah Seong Corp Bhd's Tangible Book Value per Share of Sep. 2015 for the quarter that ended in Sep. 2015 was RM1.31.

As of today, the stock price of Wah Seong Corp Bhd is RM0.805. Wah Seong Corp Bhd's graham number for the quarter that ended in Sep. 2015 was RM1.57

As of today, Wah Seong Corp Bhd's share price is RM0.805. Wah Seong Corp Bhd's median P/S value is RM1.90.

Posted by travoltakeong > 2016-02-07 09:34 | Report Abuse

lot's of room to move up....depending on market forces...The excitement should begin after breaking 0.90-0.95...Good Luck

Posted by nkk53 > 2016-02-11 22:19 | Report Abuse

Epf selling a7t this price,will sure regret later

Posted by davidkkw79 > 2016-02-11 22:33 | Report Abuse

Epf is very reputable veteran in stock market, they r not stupid if they r selling some stocks....sure has their solid reason to believe crude oil will be game over in future rather than u PPL only based on one kind feeling of past history rebound story.

Posted by nkk53 > 2016-02-12 17:54 | Report Abuse

Bought some at 0.795.Hope can untung later but heard that sone ppl ,at this price already start to bleed slowly

Posted by travoltakeong > 2016-02-15 21:35 | Report Abuse

Technical Tuesdays
#Waseong ( 0.805 )

EPF VS WASEONG

As of late, EPF has been disposing lots of their shares. However, WASEONG has been buying back its shares around the 0.80 range. Therefore, there should be some support. Although it is an O&G counter, the Risk : Reward ratio is decent. Cut Loss if it breaks its low of 0.79.

TP 0.905 / 1.00
IF you are trading O&G counters, be sure to constantly monitor live oil prices.

Trade at your own risk
GreenTrade$ WILL NOT be held responsible for any losses or decisions made
Rebecca Lye and Jackson Lam like this.

Posted by regnig > 2016-02-16 08:25 | Report Abuse

is epf disposing most of the heavy weight shares to boost its upcoming dividend payout?

Posted by m00077 > 2016-02-21 12:12 | Report Abuse

UNLESS THERE IS SPECULATION, IT IS NO WAY WAH SEONG'S SHARE PRICE CAN GO UP UNDER CURRENT LOW BRENT CRUDE OIL PRICE AND THIS SCENARIO WILL LAST FOR LONG TIME AT LEAST ONE TO TWO YEARS BEFORE THE DEMAND OF OIL IS HIGH THAN SUPPLY

Posted by Markus See > 2016-02-25 16:51 | Report Abuse

Lets see how bad their Q4 would be. They definitely will only release tomorrow friday after closing time. I predict big loss just like other O&G counters. Maybe no dividend too since they have spend their cash to support the share price. Any surprise would be rebound.

Posted by travoltakeong > 2016-03-01 20:14 | Report Abuse

still paying dividend....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5016677

Posted by UY > 2016-03-01 21:24 | Report Abuse

What is impairment loss for rm30mils.??

Posted by travoltakeong > 2016-03-02 07:22 | Report Abuse

Wah Seong’s full year FY15 revenue recorded RM1.8bn (-24.6% YoY), affected by current market conditions plaguing the O&G sector thus seeing a lack of projects available. This lack of projects is largely from deferring capex activities. Net profit fell to RM9.5m (-92.5% YoY). Stripping off the impairment on plant & equipment (compressors) of RM25.3m and tax adjustments of RM17.3m, the Group’s core net profit for FY15 is RM52.1m (-58.5% YoY) exceeding our estimates. We retain our Neutral recommendation on Wah Seong, but with a lowered TP of RM0.90 pegged to 8x PE (previous 10x) and FY16F EPS of 11.2sen despite the better core results. Our concern is on its shrinking orderbook and difficulty in contract replenishment 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, we therefore believe the gradual recovery of oil prices will increase market activities would see the Group being a beneficiary.

Shrinking orderbook. Wah Seong’s current orderbook stands at RM894m (RM974m – September 2015),comprising of 54% O&G contracts, 29% renewable energy and 17% industrial trading and services. The Group has a RM6.7bn tenderbook constituting RM5.7bn of O&G projects, however the timeline of the awards going forward cannot be determined and would likely be delayed hence a continued drag on performance could be expected for the year.
Contract replenishment for FY15 includes a c.USD39.5m (c.RM167.2m) contract for the full scope of coating work for the Johan Sverdrup Export Pipeline Project (JoSEPP) by Statoil ASA Norway. Going forward the Group has identified job tenders in various regions such as North America, Latin America, Europe and Africa.
Neutral. We have lowered our TP to RM0.99 pegged to 8x PE (previous 10x) and FY16F EPS of 11.2sen despite the better core results. Our revision in PE multiple is determined by the contract replenishment risks.
Source: PublicInvest Research - 1 Mar 2016

Posted by Lincorn Matthieu Seven > 2016-03-07 14:48 | Report Abuse

EPF selling; i'm buying

hope for untung~ing

Posted by UY > 2016-03-07 17:09 | Report Abuse

should be reasonable at this price, if lose also not much to lose.

Posted by travoltakeong > 2016-03-07 22:37 | Report Abuse

Fair Value 1.18 to 1.50.....Good Luck

Posted by Lincorn Matthieu Seven > 2016-03-08 08:38 | Report Abuse

Dont be surprise later EPF buying

Always bought high sold low then buy again a higher price

Posted by Lincorn Matthieu Seven > 2016-03-08 09:08 | Report Abuse

if today also drop then can throw longkang liao

Posted by travoltakeong > 2016-03-08 09:30 | Report Abuse

If you holding...just keep it......Can't go wrong... Fair value is 1.18-1.56......but got to wait.....

Posted by Lincorn Matthieu Seven > 2016-03-08 10:54 | Report Abuse

ya la... if EPF stop dumping then will be stable

but EPF sell like no tomrrow

Posted by Lincorn Matthieu Seven > 2016-03-08 10:58 | Report Abuse

and worst is Waseong no money for share buy back.. They keep buying from 1.40 until 0.8++

If EPF keep selling like that sure below 0.7

travoltakeong, any idea why EPF everyday dumping??

Posted by travoltakeong > 2016-03-08 11:23 | Report Abuse

they are holding million of stocks.....EPF is shorting...both way they make money.....up or down....I guess......I am not surprise if the price will suddenly shoot up to 1.56....NTA.....

Posted by travoltakeong > 2016-03-08 11:26 | Report Abuse

Resistance Level (R3) = 0.7867
Resistance Level (R2) = 0.7783
Resistance Level (R1) = 0.7667

Pivot Point = 0.7583

Support Level (S1) = 0.7467
Support Level (S2) = 0.7383
Support Level (S3) = 0.7267

Posted by nkk53 > 2016-03-08 11:55 | Report Abuse

Oil price recovering but w s still going south?

Posted by ivan9511 > 2016-03-09 17:03 | Report Abuse

nkk53 :nkk53 what is the relationship of oil price and waseong,
I thoiught waseong is not a oil counter what ?

Posted by nkk53 > 2016-03-09 17:33 | Report Abuse

Still related

Posted by ampabella > 2016-03-09 20:50 | Report Abuse

once the mkt recover Waseong can easily back to rm1.50 but when, I dont know
maybe 6 months, 1 year , 2 yrs or 3 yrs

Posted by travoltakeong > 2016-03-10 09:45 | Report Abuse

market over reacted on this counter....It will go back to its fair value 1.18 to 1.56.....probably sooner than we expected...I guess...

Posted by waseong > 2016-03-10 13:41 | Report Abuse

PETALING JAYA: Petroliam Nasional Bhd (Petronas) via subsidiary Pacific NorthWest LNG (PNW LNG) is proactively taking steps to mature the US$36bil (RM147bil) Pacific NorthWest liquefied natural gas (LNG) project in Canada towards its final investment decision, the national oil company said in a statement.

This was in response to recent press reports which said that Petronas was close to pulling out of the project, following frustrations with the stance of Prime Minister Justin Trudeau’s climate-change priorities and the introduction of new uncertainties for the project.

The new federal Liberal government in Canada is toughening up environmental reviews of major energy projects as it strives to meet international commitments to reduce greenhouse gas emissions.

A Canadian newspaper had quoted sources as saying that Petronas was threatening to walk away if it didn’t get federal approval by March 31.

“The Canadian environmental impact assessment process for the PNW LNG project is still ongoing, following which a final report will be produced by the relevant agency to be submitted to the Canadian government for approval,” Petronas said in the statement.

“Petronas, together with the project shareholders, will review the said final report and evaluate conditions attached to the report to further determine their impact on the overall cost structure and schedule of the project,” it said.

“The outcome, reviewed together with the LNG market outlook and overall project commerciality, will be used to develop the proposal for an investment decision to be considered by the PNW LNG shareholders,” it said.

Petronas added that it would update with more information as and when necessary.

Petronas and its partners are seeking to build an LNG terminal on the Lax Kw’alaams territory on Lelu Island as part of the proposed Pacific NorthWest LNG project, in which Petronas has a 62% interest.

So far, Petronas has spent about US$12bil (RM49.2bil) on this project.

It has encountered multiple obstacles, including aboriginal and environmental movement opposition.

“If Petronas were to walk away now, it would lose an investment of about US$12bil. Is Petronas willing to bite the bullet?” asked one oil and gas (O&G) analyst.

Another analyst said if Petronas were to walk away now, it would also be very difficult to find a buyer for the asset at this stage.

“I think it is important that Petronas makes a business decision on this project soon,” added the O&G analyst.

Last month, this project had received a mostly favourable assessment from the Canadian Environmental Assessment Agency.

The proposed facility will comprise an initial development of two LNG trains of about six million tonnes per annum (MTPA) each, and a subsequent development of a third train of six MTPA. It will liquefy and export natural gas produced by Progress Energy Canada in north-eastern British Columbia.

It was also given the green light by the British Columbia government in November 2014, and received conditional corporate support – or an FID – from Petronas and its partners in June of last year.

To recap, Petronas bought Canada’s Progress Energy Resources in 2012 in a deal worth US$5bil that gave it shale gas properties in north-eastern British Columbia.

Since then, Petronas has sold equity interets in the company and its LNG assets to four partners, namely Japan Petroleum Exploration Co Ltd (10%), Petroleum Brunei (3%), Indian Oil Corp Ltd (10%), and China Petrochemical Corp (15%).

Earlier this month, Petronas group chief executive officer Datuk Wan Zulkiflee Wan Ariffin had acknowledged that Petronas was facing cashflow problems due to the prevailing low oil price environment, which necessitated its RM50bil cut in capital expenditure and operating expenditure from this year up until 2020.

Between RM15bil and RM20bil worth of expenditure will be cut from the oil giant’s budget for this year alone, the bulk of which is likely to come from the upstream segment.

However, he reiterated that Petronas was committed to paying out RM16bil in dividends to the Government from its operations last year as previously announced.

Posted by waseong > 2016-03-10 13:44 | Report Abuse

WASCO aim this project for scope of pipe coating works. JV with EVRAZ and otw built a plant at Canada.

Posted by darkmagician > 2016-03-10 16:18 | Report Abuse

tomorrow exdate.. aiyaaa.. fly a little bit laa

Posted by quassar > 2016-03-12 13:55 | Report Abuse

already hit year low... will it rebounce soon?

Posted by nkk53 > 2016-03-12 17:40 | Report Abuse

EPF chicken out

Posted by calvintaneng > 2016-03-15 10:32 | Report Abuse

Hi guys,

Waseong has an intrinsic value above Rm1.00

Now is the time to accumulate Waseong in a time of fear.

Last time I bought Pm Corp at 7.5 cents in the deepest gloom.

The low sold down price of Waseong offers a life time opportunity now!

Posted by travoltakeong > 2016-03-15 11:17 | Report Abuse

calvintaneng...agreed.....market over reacted on this counter....It will go back to its fair value 1.18 to 1.56.....probably sooner than we expected...I guess...

Posted by calvintaneng > 2016-03-15 20:05 | Report Abuse

Hi Guys,

EPF continual and relentless selling presents A Wonderful Opporunity to Pick Up More Grossly Oversold Waseong Shares.

Last time EPF sold down Ajiya shares below Rm1.00. Ajiya later power up to Rm4.79 - Up 450%

See Notice of Person Ceasing (29C)

AJIYA BERHAD

Particulars of substantial Securities Holder

Name

Employees Provident Fund Board
Address Tingkat 23, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Odrinary Shares of RM1.00 each
Date of cessation 13/07/2007
Name & address of registered holder Employees Provident Fund Board
Number of securities disposed 769,200
Price Transacted (RM)
Circumstances by reason of which a person ceases to be a substantial securities Holder Disposal of 769,200 shares in open market
Nature of interest Direct
Date of notice 13/07/2007

Announcement Info
Company Name AJIYA BERHAD
Stock Name AJIYA
Date Announced 19 Jul 2007
Category Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference No CI-070719-1E169

Posted by calvintaneng > 2016-03-15 20:09 |

Post removed.Why?

Posted by titus > 2016-03-15 21:02 | Report Abuse

Epf sold down drb previously (b4 the political issues with dr.m and it never recover)

Posted by travoltakeong > 2016-03-15 22:05 | Report Abuse

Resistance Level (R3) = 0.7283
Resistance Level (R2) = 0.7267
Resistance Level (R1) = 0.7233

Pivot Point = 0.7217

Support Level (S1) = 0.7183
Support Level (S2) = 0.7167
Support Level (S3) = 0.7133

Posted by nkk53 > 2016-03-16 17:15 | Report Abuse

NO risks no gain,how low can oil price goes?

Posted by 007 > 2016-03-16 19:45 | Report Abuse

when crude oil rebound 40%, waseong going down, so when is the bottom? hopeless counter

Posted by calvintaneng > 2016-03-17 11:03 | Report Abuse

Buy Now When the Buying is Still SO CHEEEEAAAAAP!

This is the Opportunity TO BUY LOW & SELL HIGH.


You can only buy low when there is FEAR!
And you can sell high when there is GREED!

For now due to FEAR you can buy low.

Your enemy is Your Fear.

Do YOU get it?

Posted by Activetrader > 2016-03-17 12:58 | Report Abuse

we have to understand more about their business. Their net debt for 2014 stood at 770mil which is deemed high. Yes they still have recuring income from IGBreit 25.6mil... its just too small...going forward are there able to sustain their business and are they able to servicing their debts? all O&G project has stopped. investor dump their shares with some solid reasons which we may not know. ya maybe now the price is low.. low doesnt mean will rebound... it could be remain stagnant at current level. or it may go down further. chances of going down/stagnant is > than going up at least for now.

Posted by travoltakeong > 2016-03-17 15:49 | Report Abuse

Wa seong must to break Resistance Level (R3) = 0.7283 for the counter to move towards 1.18-1.56 which is the fair value for this counter......

Posted by 914601117 > 2016-03-17 22:49 | Report Abuse

now calvin is talking sense, WAHSEONG now is low, samw with ARMADA, PARKSON etc

Posted by Activetrader > 2016-03-17 23:14 | Report Abuse

calvin is bullshitting. becareful of his word...

Posted by calvintaneng > 2016-03-17 23:24 | Report Abuse

Activetrader,

Tell me more specifically what you think was wrong with my posts?

Posted by travoltakeong > 2016-03-18 09:21 | Report Abuse

I absolutely agree with Calvin...Way to go Bro....