Posted by sheep > 2016-07-11 10:19 | Report Abuse

Up 3.5sen d.

Posted by nkk53 > 2016-07-11 10:37 | Report Abuse

Cny angpow may come early

Posted by wakakaka88 > 2016-07-11 11:52 | Report Abuse

this counter is still super cheap..accumulate now before is all gone...

Posted by wakakaka88 > 2016-07-11 11:53 | Report Abuse

wakakakaka...more to come...wakakakaka

Posted by tklim > 2016-07-11 19:26 | Report Abuse

WAH SEONG CORPORATION BERHAD - Poised For Long-term Earnings Visibility
Author: PublicInvest | Publish date: Mon, 11 Jul 2016, 02:53 PM

Wah Seong's pipe-coating business, Wasco Coatings Europe B.V., an indirectly wholly-owned subsidiary of Wah Seong incorporated in the Netherlands, bagged an award from Nord Stream 2 AG. The job is for the provision of concrete weight coating and storing of more than 200,000 pipes for the Nord Stream 2 Project. No contract value has been announced at this juncture as the contract is still subject to final negotiations and only to be signed in the coming weeks. Pipe deliveries to concrete weight coating facilities are planned to start in September 2016, with the coating process to start at the beginning of 2017. Our Outperform recommendation on Wah Seong continues to be reaffirmed, with a TP of RM0.94 pegged to 8x PE and FY17F EPS of 11.7sen. Considering the main concern for the Group is the current lack of contract replenishments, this new award for the duration of approximately 3 years would provide longer term earnings visibility to the Group, thus further limiting its downside risks. 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. The Group continues to be the leading contender in the pipe-coating space when the O&G market begins to see its recovery.

The award involves concrete weight coating and storing of about 2,400 km of pipes. The plans for the pipelines are two parallel 48-inch lines, roughly 1,200km, each with 27.5billion cubic metres of natural gas annual capacity. The pipelines will start from the south-west of St Petersburg, a Russian port city on the Baltic Sea and end at the German coast of Greifswald. The duration of the project is expected to commence September 2016 to the third quarter of 2019. Due to the contract being in the final negotiation stages, we have yet to account for its contributions to the Group. The earnings profile, we assume, would be bell-shaped with the bulk of works to be done in 2017 and 2018. Based on the Nord Stream 2 project's total capital expenditure of c.EUR8.0bn, we believe the portion earmarked for Wah Seong should be relatively sizeable as well. The Group's pipe-coating contract with Statoil for the 482km-long Polarled gas pipeline in Norway was already valued at RM611.3m, and this current Nord Stream 2 Project is an estimated 1200km per pipeline.

The Nord Stream 2 Project is a direct connection between the world's largest gas reserves in Russia and the gas transmission system of the European Union (EU). The new Nord Stream 2 pipeline will deliver gas from North Russia to the German coast near Greifswald. We understand that the Nord Stream 2 Project is to complement the existing gas transportation routes: the pipelines through Ukraine, the Yamal-Europe and Nord Stream 1 pipelines and the pipelines planned through the Black Sea are all complementary supply routes to the EU which serve the long-term energy security of the continent.

Nord Stream 2 shareholding parties is planned to be an international consortium of 6 major companies PJSC Gazprom (50%), the German companies Uniper SE (10%) and BASF SE/Wintershall Holding GmbH (10%), the Anglo-Dutch Royal Dutch Shell plc (10%), the Austrian OMV AG (10%) and the French Engie S.A (10%).

Source: PublicInvest Research - 11 Jul 2016

Posted by bleuerouge > 2016-07-11 20:47 | Report Abuse

Good news indeed, will add a bit more tomorrow

Posted by Angielim9955 > 2016-07-11 21:17 | Report Abuse

open alreday 0.72 what a strong man

Posted by tklim > 2016-07-12 07:51 | Report Abuse

wah lauu....Wa Seong now HOTSTOCK worrrr.....kolek..kolek...ha....ha...ha

http://klse.i3investor.com/jsp/quotetrend.jsp

Posted by King7 > 2016-07-12 12:23 | Report Abuse

Waseong the winner 2016! Massive!

Posted by anonymous91 > 2016-07-12 12:40 | Report Abuse

drop by to congraz everybody, but becareful

Posted by wakakaka88 > 2016-07-12 15:00 | Report Abuse

wakakaka...all the way up up up...buy before it is going higher and higher...wakakakaka

Posted by wakakaka88 > 2016-07-12 15:00 | Report Abuse

re-rating coming...limit up up up...wakakakakaka

Posted by TIticamara > 2016-07-12 15:27 | Report Abuse

HL bank does not think highly of the recent contract win. According to them, waseong is only worth RM0.58.

http://klse.i3investor.com/blogs/hleresearch/99859.jsp

Posted by kt99 > 2016-07-12 16:12 | Report Abuse

sell on news.. trap

Posted by wakakaka88 > 2016-07-12 16:29 | Report Abuse

people waiting for the contract value...2bil! watch out...rerating rerating...wakakakakaka

Posted by bleuerouge > 2016-07-12 16:35 | Report Abuse

c'mon, go breaking 0.73, waited for long time already.

Posted by wakakaka88 > 2016-07-12 16:36 | Report Abuse

invisible hands at work...wakakakakaka

Posted by waseong > 2016-07-12 17:35 | Report Abuse

Time to sell WASEONG. Dun chase high.

Posted by Angielim9955 > 2016-07-12 18:59 | Report Abuse

waseong is good

Posted by tklim > 2016-07-12 23:15 | Report Abuse

follow director...kolek...kolek...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5145869

Posted by tklim > 2016-07-12 23:29 | Report Abuse

don't worry maaa....


Employees Provident Fund Board
Nature of interest..................
Direct (units) 45,427,981
Direct (%) 5.878

Posted by Angielim9955 > 2016-07-13 01:51 | Report Abuse

hlb know nothing

Posted by travoltakeong > 2016-07-13 08:01 | Report Abuse

NTA per share is 1.45....A very comfortable safety net.....

Posted by King7 > 2016-07-13 10:25 | Report Abuse

Pilelines and Pilelines materials = 3 billion Euros.

Posted by bleuerouge > 2016-07-13 17:29 | Report Abuse

Hold my patience

Posted by quassar > 2016-07-14 11:44 | Report Abuse

undervalue... why not

Posted by tklim > 2016-07-16 09:31 | Report Abuse

Nord Stream 2 contract to give Wah Seong long-term earnings visibility

http://www.thestar.com.my/business/business-news/2016/07/11/nord-stream-2-contract-to-give-wah-seong-long-term-earnings-visibility/

Posted by tklim > 2016-07-16 09:32 | Report Abuse

Wah Seong bags coating job for 2,400km pipeline from Russia to Germany

http://www.thestar.com.my/business/business-news/2016/07/11/wah-seong-bags-coating-job-for-2400km-pipeline-from-russia-to-germany/

Posted by Angielim9955 > 2016-07-17 17:31 | Report Abuse

tklim haha from Russia to Germany , this is a big profit , then I tp waseong 1.30 , hope all the best waseong team ,

Posted by Sales > 2016-07-18 15:25 | Report Abuse

Good up up up. Hope for the best

Posted by pussycats > 2016-07-19 07:27 | Report Abuse

HLG target Waseong only RM0.58→ so sell is the advice of HLG. Buy at your own risk.

Posted by travoltakeong > 2016-07-19 09:22 | Report Abuse

Forget about HLG....

Board: Main Market
Sector: Industrial Products
Avg Volume (4 weeks): 802,764
4 Weeks Range: 0.655 - 0.755
52 Weeks Range: 0.635 - 1.35

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Average Price Target: 0.94 to 1.45....On Track

Posted by waseong > 2016-07-19 13:16 | Report Abuse

HLG got his reason. after a month, you will know

Posted by tklim > 2016-07-19 14:24 | Report Abuse

http://klse.i3investor.com/blogs/PublicInvest/100164.jsp

Wah Seong (Outperform, TP: RM0.94): Outlook improves contract. The clinching of the Nord Stream 2 project contract by Wah Seong Corp will see the company receiving a much needed earnings boost and clearer visibility on growth from this pipeline project. Wah Seong deputy CEO Giancarlo Maccagno said that while it is not able to provide any forecast at the moment until final negotiations are completed and the contract is signed but that its orderbook is expected to swell to record levels following this win. (StarBiz)

Posted by bleuerouge > 2016-07-19 15:07 | Report Abuse

bull run, feed more power

Posted by Angielim9955 > 2016-07-19 16:07 | Report Abuse

yes, test 0.78 powe, waseong add oil, we support you

Posted by tjhldg > 2016-07-20 00:44 | Report Abuse

:)

Posted by tklim > 2016-07-20 17:40 | Report Abuse

Source : KENANGA
Stock : WASEONG

Price Target : 0.86 |
Price Call : BUY

Last Price : 0.775 |
Upside/Downside : +0.085 (10.97%)

http://klse.i3investor.com/servlets/ptres/36692.jsp

Posted by bleuerouge > 2016-07-21 18:11 | Report Abuse

Most counters closed in red, never mind, usd 1b will come back soon

Posted by Angielim9955 > 2016-07-23 01:03 | Report Abuse

bleuerouge
onetonneman guys look out waseong get aniother new job , this month two new projects huat liao, next week sure play above 0.80

Posted by Angielim9955 > 2016-07-23 01:39 | Report Abuse

all buy call only hlg, why

Posted by travoltakeong > 2016-07-23 22:03 | Report Abuse

Up all the way........

Posted by travoltakeong > 2016-07-23 22:04 | Report Abuse

Follow Public......

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

tklim http://klse.i3investor.com/blogs/PublicInvest/100164.jsp

Wah Seong (Outperform, TP: RM0.94): Outlook improves contract. The clinching of the Nord Stream 2 project contract by Wah Seong Corp will see the company receiving a much needed earnings boost and clearer visibility on growth from this pipeline project. Wah Seong deputy CEO Giancarlo Maccagno said that while it is not able to provide any forecast at the moment until final negotiations are completed and the contract is signed but that its orderbook is expected to swell to record levels following this win. (StarBiz)
19/07/2016 14:24

Posted by SHQuah > 2016-07-25 10:10 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/07/25/publicinvest-research-keeps-wah-seong-as-outperform/

Posted by SHQuah > 2016-07-25 10:11 | Report Abuse

KUALA LUMPUR: PublicInvest Research is keeping its Outperform call for pipe coatings specialist Wah Seong Corp with a target price of 94 sen after its unit secured another project worth US$18.2mil (RM73.9mil).

Posted by bleuerouge > 2016-07-25 16:29 | Report Abuse

No fuel...the price doesn't in tandem

Posted by travoltakeong > 2016-07-26 07:36 | Report Abuse

wa seong up all the way.....NTA 1.45......

Posted by i024466 > 2016-07-26 11:50 | Report Abuse

Waseong's win at USD18.2m (equivalent to RM73.9m) is not that big, and will be spread over 2 years

Posted by travoltakeong > 2016-07-27 08:35 | Report Abuse

Target.....very close to NTA.....1.45....ultimately.....

Posted by travoltakeong > 2016-07-27 09:02 | Report Abuse

overall Investment Bank is positive on Wa seong......Potential to be an outperform stock.....