Posted by bleuerouge > 2016-07-27 12:23 | Report Abuse

buy a bit more

Posted by SHQuah > 2016-07-29 14:35 | Report Abuse

Better go private with NTA price RM1.45.

Posted by jmmartin > 2016-07-29 14:45 |

Post removed.Why?

Posted by travoltakeong > 2016-07-29 14:45 | Report Abuse

EPF holding 45 million shares.......

Posted by bleuerouge > 2016-08-01 09:31 | Report Abuse

good moves, been a while waiting.

Posted by sheep > 2016-08-01 09:34 | Report Abuse

buy on rumours

Posted by travoltakeong > 2016-08-01 09:45 | Report Abuse

it is a done deal.....Out perform stock already.......Flying......

Posted by nkk53 > 2016-08-01 10:34 | Report Abuse

uptrend and never look back

Posted by waseong > 2016-08-01 12:51 | Report Abuse

sell waseong. Q2 continue loss RM

Posted by bleuerouge > 2016-08-01 14:00 | Report Abuse

Making 2 rounds today, thanks waseong

Posted by tklim > 2016-08-01 14:17 | Report Abuse

UPTREND.......

Posted by tklim > 2016-08-01 14:18 | Report Abuse

WAH SEONG CORPORATION BERHAD - Further Award For JoSEPP FromStatoil
Date: 25/07/2016

Source : PUBLIC BANK
Stock : WASEONG Price Target : 0.94 | Price Call : BUY
Last Price : 0.86 | Upside/Downside : +0.08 (9.30%)

Back

Wah Seong’s pipe coating business unit has received a further award worth c.USD18.2m (RM73.9m) from Statoil Petroleum AS Norway, for the Johan Sverdrup Export Pipeline Project (JoSEPP) for the provision of pipe shipping and related services. We are encouraged by this award, as it reaffirms our Outperform view on Wah Seong, for its execution abilities as a leading pipe coating company amidst this challenging oil price landscape, while providing further extended earnings visibility. The main pipe coating activities for this award expected to be completed by mid-2017, will now see the further award to extend this project’s contract scope up to 1QFY18. Our TP of RM0.94 pegged to 8x PE and FY17F EPS of 11.7sen remains intact.

The enhanced contract. Including this award extension, the JoSEPP award is worth c.USD57.7m for the full scope of coating work and pipe shipping and related services. The further award includes shipping of pipes to a port at west coast of Norway and subsequent offloading. The activity is expected to commence 2QFY17 and to be completed by 1QFY18.

Contract details. To recap, the initial award involves the coating of about 430 km of 18” and 36” pipes. The job scope also includes anti-corrosion coating, internal flow coating and concrete weight coating. The contract is expected to commence in 4QFY16 and to be completed by mid-2017. There are no changes in our estimates as we had already accounted for contract replenishments. The Group has stated that the contract is project specific and is not renewable.

Johan Sverdrup Project. Objective is to provide transportation solutions for oil and gas from the Johan Sverdrup Field to onshore O&G terminals - Mongstad and Kårstø. The 36” pipe outside diameter (OD) oil export pipeline stretches about 283 km which will go north to Mongstad. The 18” OD gas export pipeline is about 156 km and 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

Source: PublicInvest Research - 25 Jul 2016

Posted by tklim > 2016-08-01 14:19 | Report Abuse

wa lau...Next Target 0.94 -1.30........ha...ha...ha

Posted by waseong > 2016-08-01 14:51 | Report Abuse

lack of project execution in Q2. no revenue, how to get profit? no need to pay salary to worker ? all free ? can you tell me any project run in Q2 ?

Posted by tklim > 2016-08-01 15:17 | Report Abuse

break out worrr....ha...ha..ha...

Posted by MuttonCurry > 2016-08-01 16:13 | Report Abuse

Wah damn good tipu counter. Tomolo all buy tday ... sailang ?

Posted by tklim > 2016-08-01 16:19 | Report Abuse

another jump comming worrr.......0.94 to 1.30....ha...ha...ha....

EPF counter worrr.....ha....ha...ha

Posted by wakakaka88 > 2016-08-01 16:27 | Report Abuse

sold all..reach my tp..wakakakakaka...happy trading..

Posted by MuttonCurry > 2016-08-01 16:31 | Report Abuse

Yes vely good .. no more ticket ... all sold out. departure to holland tomolo morning ..

Posted by nkk53 > 2016-08-01 17:05 | Report Abuse

not too late to jump into the queqe

Posted by tklim > 2016-08-01 18:48 | Report Abuse

Wa lau...Directors keep Buying.......another breakout worrr.....tomorrow break 1.00 worrr...ha..ha...ha

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5163889

Posted by jacklintan > 2016-08-02 02:59 | Report Abuse

The price hike is abit "frightening" ..just be careful...

Posted by bleuerouge > 2016-08-02 07:27 | Report Abuse

Becarefull on news, good luck.

Posted by travoltakeong > 2016-08-02 08:39 | Report Abuse

NTA per share is 1.45..........EPF is holding 45,000,000 shares......Directors keep buying......what is cooking?........Very Interesting.....

Posted by travoltakeong > 2016-08-02 08:58 | Report Abuse

how to privatize? EPF holding 45,000,000....

Posted by travoltakeong > 2016-08-02 09:00 | Report Abuse

If privatize the price will be at least 2.5 times NTA.....I guess....

Posted by travoltakeong > 2016-08-02 09:11 | Report Abuse

Wa Seong bullish....hmmmmm

Posted by travoltakeong > 2016-08-02 11:08 | Report Abuse

very high chance.......

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

vivoviva 1.30 in 2 weeks time. next week will be around 1.05 -1.10 range
02/08/2016 10:13

Posted by travoltakeong > 2016-08-02 11:51 | Report Abuse

Lot's of room to move up....


-------------------------------------------------------------------------------------------------------------------------------
Stock With Momentum: Wah Seong Corp Bhd (+ve)

SHARES in Wah Seong Corp Bhd (fundamental: 0.4/3, valuation: 1.8/3) jumped 13.73% or 10.5 sen to 87 sen yesterday, after 9 million shares were exchanged, triggering our momentum algorithm for the first time this year. Its 200-day average trading volume is only 670,954 shares.

Wah Seong has seen its share price on an upward trend since early July. The counter has risen 29.9% since July 4.

The company recently announced it had received another job from Norwegian Statoil ASA that is related to the Johan Sverdrup export pipeline, with the contract valued at US$18.23 million, or RM73.87 million, according to a filing dated July 22.

The contract involves shipping of pipes to a port west coast of Norway and subsequent offloading. The activity is expected to commence in the second quarter of 2017 and be completed by the first quarter of 2018. Wah Seong is trading at 0.62 times its book value.

http://www.theedgemarkets.com/my/article/stock-momentum-wah-seong-corp

Posted by bichrome84 > 2016-08-02 13:08 | Report Abuse

http://klse.i3investor.com/servlets/ptres/36894.jsp

Posted by nkk53 > 2016-08-02 15:04 | Report Abuse

those ppl who bought last mth are laughing to the bank now

Posted by rakel > 2016-08-02 15:27 | Report Abuse

why does this counter suddenly become so hot?

Posted by barcelona > 2016-08-02 16:52 | Report Abuse

ah Seong probably mistakenly eaten little blue pill

Posted by waseong > 2016-08-02 17:35 | Report Abuse

股价已开始回软。喜欢追高者，小心烫到手。

Posted by CUTLOST > 2016-08-02 20:25 | Report Abuse

Rm1.00 coming

Posted by bleuerouge > 2016-08-03 09:18 | Report Abuse

managed to profit out yesterday, tq waseong, will surely collect back later

Posted by travoltakeong > 2016-08-03 09:20 | Report Abuse

sold all......consolidating...good luck...

Posted by ktsk88 > 2016-08-03 09:22 | Report Abuse

syndicate plays over.........

Posted by tklim > 2016-08-03 10:24 | Report Abuse

haiyaaa....... average target price now 0.76 worrrrr......take profit first lorrr....ha....ha...ha

Posted by 8Huat8 > 2016-08-03 10:36 | Report Abuse

1.00 next week will hit

Posted by tklim > 2016-08-03 10:56 | Report Abuse

I follow Public target...0.94....sell lorrrr.....take profit maaaa.....ha...ha...ha

Posted by winebacon > 2016-08-03 13:11 | Report Abuse

I sold mine ...profit taking hahahha

Posted by Kang Yang Lai > 2016-08-04 13:27 | Report Abuse

another sub-contract WON! via it's subsidiary company

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5167961

Posted by kasutkaripap > 2016-08-04 14:44 | Report Abuse

news come out

Posted by bleuerouge > 2016-08-05 08:16 | Report Abuse

Hello again, very interesting development in Waseong!!!

Posted by tklim > 2016-08-05 08:35 | Report Abuse

haiyaaa...limited upside worrr......play other counter first lorrrr.........ha...ha...ha

Posted by bleuerouge > 2016-08-05 08:51 | Report Abuse

noted, sell on news???

Posted by pmc21492 > 2016-08-05 09:11 | Report Abuse

should buy now??

Posted by bleuerouge > 2016-08-05 09:20 | Report Abuse

I bought a bit 0.88, accumulate a bit more if falls further

Posted by Jolin Lai Chi Pet > 2016-08-05 22:05 | Report Abuse

wow!!!!!!!! so brave...................u got the right move