Posted by WanEmdibi > 2016-05-30 22:36 | Report Abuse

revenue down 34% yoy (522 --> 340 millions), price will go down again

Posted by travoltakeong > 2016-05-31 07:58 | Report Abuse

bottom line looks positive.....see how it goes....

Posted by titus > 2016-05-31 16:47 | Report Abuse

maybank IB target price RM 0.13???? wow.....

Posted by tklim > 2016-06-01 07:23 | Report Abuse

panic seller sell....Company and EPF vacuum back...ha..ha..ha...later EPF goreng again.....wait lorr .....follow EPF...ha....ha...ha

Posted by tklim > 2016-06-01 18:22 | Report Abuse

WAH SEONG CORPORATION BERHAD - More Excitement Going Forward
Author: PublicInvest | Publish date: Wed, 1 Jun 2016, 10:34 AM

Wah Seong’s 1QFY16 performance continues to be affected by current market conditions plaguing the O&G sector thus seeing further deferment of capex activities. Revenue registered RM340.9m (-34.8% YoY, -23.9% QoQ), with earnings at RM2.4m (-91.1% YoY, ->100.0% QoQ). We are however upgrading our recommendation on Wah Seong to Outperform, with a rolled over TP of RM0.94 pegged to 8x PE and FY17F EPS of 11.7sen. We concede that the Group has limited downside risks, despite experiencing a lack of contract replenishment, has effectively improved its operational performance with a higher GP margin of 14.5% (+7% YoY) 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, and is poised for better prospects 4QFY16 onwards with the expected contributions from its recently awarded pipe-coating work for the USD39.5m Johan Sverdrup Export Pipeline Project (JoSEPP) by Statoil ASA Norway and c.USD74.0m JV contract for the insulation coating protection for deep water, offshore insulation project in the Gulf of Mexico. We anticipate that awarding of new contracts could still be slow, but the Group is the leading contender in the pipe-coating space when the O&G market begins to see its recovery.

Declining orderbook. Wah Seong’s current orderbook stands at RM715m (Dec 2015: RM894m), comprising of 52% O&G contracts, 31% renewable energy (RE) and 17% industrial trading and services (ITS). The Group has an RM5.0bn tenderbook constituting RM4.0bn of O&G projects, predominantly from international scopes. We understand that these tenders are c.90% pipe-coating jobs for shallow waters. We are positive on the outlook of Wah Seong considering its standing as one of the 2 leading pipe coaters globally and who are often strong contenders for any award thus having a higher chance of securing more contracts 2HFY16. Due to the uncertain oil price landscape, it is difficult to determine the timeline of new awards going forward however and thus could continue to hinder the Group’s activities in the medium term.

Updates. Wah Seong’s JV plant setup in India and Canada is targeted to complete towards end-2QFY16. Following this, the Canadian operations are assumed to have immediate sizeable contracts with its prominent partner. In the meantime, the Group continues to identify various options to divest its plantations division. The slowdown of activity coupled with dilution of stake to 48% would see smaller losses from this division going forward.

Upgrade to Outperform. We have rolled over our TP to RM0.94 pegged to 8x PE and FY17F EPS of 11.7sen. The stock is undervalued at current levels, trading at fwd-PE of 5.8x for FY17F and with limited downside should see some positive reflections in its price levels. Going forward the Group has also identified job tenders in various regions such as North America, Latin America, Europe and Africa.

Source: PublicInvest Research - 31 May 2016

Posted by wakakaka88 > 2016-06-03 11:33 | Report Abuse

pathetic...wakakakakaka....run lor..wakakakakaka

Posted by Markus Lee > 2016-06-06 13:24 | Report Abuse

EPF has been slowly dumping this stock since god knows when.

Posted by tklim > 2016-06-06 18:49 | Report Abuse

wahh director start buying....can follow worrr.....kolek..kolek...ha.....ha...ha

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5116761

Posted by waseong > 2016-06-07 08:26 | Report Abuse

Wasco is targeting Nord Stream 2 Project which involve a pipeline 1200 km from Russia to Germany. For more details, please explore website of Nord Stream 2 Project.

Posted by tklim > 2016-06-07 08:52 | Report Abuse

really kah?....wahhh...kolek...kolek...ha....ha..ha

Posted by tklim > 2016-06-07 11:56 | Report Abuse

kolek...kolek.....share buy back...sure win....


http://www.bursamalaysia.com/market/listed-companies/company-announcements/5070049

Posted by tklim > 2016-06-07 16:32 | Report Abuse

0.685....kolek...kolek..kolek...TP.1.42.......ha...ha.ha..

Posted by SHQuah > 2016-06-07 16:34 | Report Abuse

Buy now and fast. Oil price very strong could hit US$60 soon.
Next year between US$80 to $90

Posted by SHQuah > 2016-06-08 08:22 | Report Abuse

Oil going to $60, companies to start spending again: Oil CEOs

Posted by SHQuah > 2016-06-08 08:23 | Report Abuse

http://www.cnbc.com/2016/06/07/oil-going-to-60-companies-to-start-spending-again-oil-ceos.html

Posted by tklim > 2016-06-08 09:11 | Report Abuse

kolek...kolek

Posted by crazyremiser > 2016-06-09 10:00 | Report Abuse

this stock should be fairly price of 0.90 in mid july =)

Posted by nkk53 > 2016-06-09 10:05 | Report Abuse

w song Mau mari

Posted by tklim > 2016-06-09 11:57 | Report Abuse

kolek..kolek...TP 1.42.....

Posted by chrischer > 2016-06-10 09:36 | Report Abuse

hi, guys, should i invest in this stock? It seem like it is a chance to invest now , which one should i invest in?Wah Seong or Perisai, Perisai seems more potential

Posted by tklim > 2016-06-10 11:07 | Report Abuse

read this....

http://klse.i3investor.com/blogs/PublicInvest/97639.jsp

---------------------------------------------------------------------------------------------------------------------------

chrischer hi, guys, should i invest in this stock? It seem like it is a chance to invest now , which one should i invest in?Wah Seong or Perisai, Perisai seems more potential
10/06/2016 09:36

Posted by kiasu_trader > 2016-06-13 23:20 | Report Abuse

this stock going to fly these few days, i have insider

Posted by angct1028 > 2016-06-13 23:24 | Report Abuse

Yup. I heard about that.

Posted by kench > 2016-06-13 23:39 | Report Abuse

I'm waiting... But not now... Be patient.

Posted by bleuerouge > 2016-06-14 00:06 | Report Abuse

Have faith, price gonna move up

Posted by tklim > 2016-06-14 07:53 | Report Abuse

kolek..kolek..kolek.....Confirm maaa.....Directors/ Shareholders already start buying and goreng....company BUY back....Public Bank is Bullish on Wa Seong.....on the way to become outperform stock....EPF one of major shareholder still holding 45 million shares.....kolek..kolek...ha...ha...ha

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5121465

Posted by nkk53 > 2016-06-14 11:43 | Report Abuse

can tunggu

Posted by kkyew > 2016-06-14 15:28 | Report Abuse

Downtrend continues. Judging by the vol n heavy selling, not bright. Better sell and switch to other better counters.

Posted by nkk53 > 2016-06-15 14:21 | Report Abuse

buy below 0.68 and laugh to the bank later

Posted by kiasu_trader > 2016-06-16 10:27 | Report Abuse

tonight will have an announcement, whereby might have Take over offer after the married deal.

dont miss the boat .. grap it since price low and near to the Married deal price 0.680

Posted by dkpm89 > 2016-06-16 17:07 | Report Abuse

monitoring but din buy cos not much trading daily..shall see tomor

Posted by crazyremiser > 2016-06-20 16:21 | Report Abuse

oil price going up already. u guys dont want to buy this stock yet?

Posted by nkk53 > 2016-06-21 12:55 | Report Abuse

when I'll price goes up,wrong goes down

Posted by waseong > 2016-06-29 06:12 | Report Abuse

sell waseong. i want to collect at lower price.

Posted by tklim > 2016-06-29 08:09 | Report Abuse

if you sell...you will miss the boat worrr....sure or not...uptrend now worrr.....ha...ha...ha

Posted by tklim > 2016-06-29 08:19 | Report Abuse

out perform stock in the making worrr.......ha.....ha..ha...

Posted by tklim > 2016-06-29 10:33 | Report Abuse

Fair value...1.42 worrrr....kolek..kolek..kolek....ha...ha...ha

Posted by travoltakeong > 2016-06-30 07:37 | Report Abuse

Nearest Resistance (Strength) 0.690 (2), 0.730 (1), 0.770 (1)
Nearest Support (Strength) 0.679 (0), 0.661 (1), 0.660 (1)

Posted by nkk53 > 2016-06-30 17:04 | Report Abuse

start moving

Posted by tklim > 2016-07-01 07:53 | Report Abuse

WAH SEONG CORPORATION BERHAD - More Excitement Going Forward
Author: PublicInvest | Publish date: Wed, 1 Jun 2016, 10:34 AM

Wah Seong’s 1QFY16 performance continues to be affected by current market conditions plaguing the O&G sector thus seeing further deferment of capex activities. Revenue registered RM340.9m (-34.8% YoY, -23.9% QoQ), with earnings at RM2.4m (-91.1% YoY, ->100.0% QoQ). We are however upgrading our recommendation on Wah Seong to Outperform, with a rolled over TP of RM0.94 pegged to 8x PE and FY17F EPS of 11.7sen. We concede that the Group has limited downside risks, despite experiencing a lack of contract replenishment, has effectively improved its operational performance with a higher GP margin of 14.5% (+7% YoY) 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, and is poised for better prospects 4QFY16 onwards with the expected contributions from its recently awarded pipe-coating work for the USD39.5m Johan Sverdrup Export Pipeline Project (JoSEPP) by Statoil ASA Norway and c.USD74.0m JV contract for the insulation coating protection for deep water, offshore insulation project in the Gulf of Mexico. We anticipate that awarding of new contracts could still be slow, but the Group is the leading contender in the pipe-coating space when the O&G market begins to see its recovery.

Declining orderbook. Wah Seong’s current orderbook stands at RM715m (Dec 2015: RM894m), comprising of 52% O&G contracts, 31% renewable energy (RE) and 17% industrial trading and services (ITS). The Group has an RM5.0bn tenderbook constituting RM4.0bn of O&G projects, predominantly from international scopes. We understand that these tenders are c.90% pipe-coating jobs for shallow waters. We are positive on the outlook of Wah Seong considering its standing as one of the 2 leading pipe coaters globally and who are often strong contenders for any award thus having a higher chance of securing more contracts 2HFY16. Due to the uncertain oil price landscape, it is difficult to determine the timeline of new awards going forward however and thus could continue to hinder the Group’s activities in the medium term.

Updates. Wah Seong’s JV plant setup in India and Canada is targeted to complete towards end-2QFY16. Following this, the Canadian operations are assumed to have immediate sizeable contracts with its prominent partner. In the meantime, the Group continues to identify various options to divest its plantations division. The slowdown of activity coupled with dilution of stake to 48% would see smaller losses from this division going forward.

Upgrade to Outperform. We have rolled over our TP to RM0.94 pegged to 8x PE and FY17F EPS of 11.7sen. The stock is undervalued at current levels, trading at fwd-PE of 5.8x for FY17F and with limited downside should see some positive reflections in its price levels. Going forward the Group has also identified job tenders in various regions such as North America, Latin America, Europe and Africa.

Source: PublicInvest Research - 31 May 2016

Posted by tklim > 2016-07-01 07:56 | Report Abuse

Wahh...lau!!...Uptrend worrr...kolek...kolek...kolek...ha...ha..ha

Oil price going up....

Upgrade to Outperform. We have rolled over our TP to RM0.94 pegged to 8x PE and FY17F EPS of 11.7sen. The stock is undervalued at current levels, trading at fwd-PE of 5.8x for FY17F and with limited downside should see some positive reflections in its price levels. Going forward the Group has also identified job tenders in various regions such as North America, Latin America, Europe and Africa.

Source: PublicInvest Research - 31 May 2016

Posted by tklim > 2016-07-02 18:35 | Report Abuse

Wah lau...director kolek at 0.68.......kolek...kolek...ha...ha...ha

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5121465

Posted by nkk53 > 2016-07-04 15:21 | Report Abuse

buy and keep for chinese new yr angpow

Posted by Angielim9955 > 2016-07-05 02:04 | Report Abuse

waseong is a good counter guys

Posted by tklim > 2016-07-05 10:06 | Report Abuse

Ya lorrrr.....Tp 1.42 maaa.....kolek..kolek maaa......

Posted by ampabella > 2016-07-07 22:42 | Report Abuse

ya...buy and keep for your next genereation, sure 1 day will hoot above rm1.00

Posted by SHQuah > 2016-07-08 11:22 | Report Abuse

SINGAPORE (July 7): Ernst & Young’s recent survey “Capitalizing on opportunities: Private equity investment in oil and gas” found that 43% of the 100 private equity (PE) firms surveyed were planning acquisitions in the oil & gas sector for the first half year period of 2017.

That is up from the 25% figure before the end of 2016.

EY noted that favourable asset valuations and oil price consensus were among the main reasons for the planned acquisitions.

Furthermore, all of the respondents expected the Asia-Pacific region to see higher buyout activity in 2017, given lower costs, ease of doing business, and general macroeconomic growth which was drawing investors to the region.

44% of respondents were also in favour of the upstream or the midstream sectors for the best return on investment.

DBS analyst Ho Pei Hwa observed that the increased PE activity would make the upstream O&G segment more attractive to investors “if one believes that oil prices will recover further”.

“However, we would like to see more non-PE driven M&A activity, especially in the services segment, as that would more likely help spark a rationalisation of assets and capacity,” she writes in a note on Monday.

Posted by waseong > 2016-07-09 17:04 | Report Abuse

http://www.nord-stream2.com/media-info/news/coating-and-storing-tender-awarded-19/

Posted by waseong > 2016-07-09 17:04 | Report Abuse

Nord Stream-2 picks Dutch Wasco Coatings Europe as winner of its Coating, Storing Tender

Business & Economy July 08, 18:40 UTC+3
The contract will be signed in the coming weeks
MOSCOW, July 8. /TASS/. The operator of Nord Stream-2 pipeline has chosen the Dutch Wasco Coatings Europe BV as the contractor for the concrete weight coating and storing of more than 200,000 pipes for the construction of the pipeline, accoridng ot a statement on the Nord Stream-2 website. The winner was chosen on the results of the international tender that was launched in late 2015. The contract with the chosen company is subject to final negotiations and will be signed in the coming weeks.
Pipe deliveries to concrete weight coating facilities are planned to start in September 2016, with the concrete weight coating process starting at the beginning of 2017.
In April, Nord Stream AG 2 completed an international tender for the supply of high-quality steel pipes for two pipelines. The suppliers chosen to deliver approximately 2,500 km of large-diameter pipes with a total weight of roughly 2.2 million tons are Europipe GmbH, Mulheim/Germany (40 %), United Metallurgical Company JSC (OMK), Moscow/Russia (33 %) and Chelyabinsk Pipe-Rolling Plant JSC (Chelpipe), Chelyabinsk/Russia (27 %).
Nord Stream 2 is the construction project of the natural gas pipeline with the capacity of 55 bln cubic meters from Russia to Germany across the Baltic Sea. The route and the entry point to the German gas transport system in Greifswald are intended to be the same as for the first Nord Stream gas pipeline launched in 2011.
The project will be implemented by the joint project company New European Pipeline AG. In this company Gazprom" will hold 51%, E.ON, Shell, OMV and BASF / Wintershall - 10% each, Engie - 9%.

Posted by MuttonCurry > 2016-07-11 09:31 | Report Abuse

Why trading halted ?