Posted by GimEng Hong > 2016-11-08 23:13 | Report Abuse

Sure good future, the boss keep buying

Posted by Foo Kelvin > 2016-11-18 07:42 | Report Abuse

any news? keep doping recently..

Posted by waseong > 2016-11-18 18:18 | Report Abuse

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

Posted by waseong > 2016-11-18 18:20 | Report Abuse

Johan Sverdrup pipe coating production is starting. Revenue generate.

Posted by bleuerouge > 2016-11-22 08:57 | Report Abuse

I thought I saw a dragonfly doji last Friday. Yesterday, it tried to break 85c but finally formed a thick inverted hammer. this could be a strong signal of reversal guys...am I right?

Posted by wloo007 > 2016-11-24 15:36 | Report Abuse

NAPS around 1.4 and now the price is only 0.845.. isn't it's currently undervalued obviously? correct me if I'm wrong..

Posted by Jolin Lai Chi Pet > 2016-11-28 08:23 | Report Abuse

pipe coating contract will make waseong in profit until 2020. BUY now!!!!!!!!!!!!

Posted by gthhh > 2016-11-28 12:39 | Report Abuse

good QR mou?

Posted by nkk53 > 2016-11-28 20:26 | Report Abuse

plan to buy below 0.80

Posted by Tan Toh Fei > 2016-11-28 23:41 | Report Abuse

dun invest based on NAPS as it could be over bloated normally. Give a discount to it.

Posted by Tan Toh Fei > 2016-11-28 23:42 | Report Abuse

TTM shows making losses 32mil, so the price will down further .... my target is 0.75.

Posted by Tan Toh Fei > 2016-11-28 23:46 | Report Abuse

Loan exceeded 1 billion, beware with this counter.

Posted by stockraider > 2016-11-28 23:47 | Report Abuse

The owner is buying back every day.

Posted by Mgician > 2016-11-29 18:48 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5275505
tmr good show dy .. who blindly follow GG dy

Posted by lloydlim > 2016-11-29 21:28 | Report Abuse

Tomorrow morning got 跳水 show?

Posted by phoenixqueen > 2016-11-30 08:36 | Report Abuse

run n don look bc

Posted by SHQuah > 2016-11-30 10:52 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/11/30/wah-seong-earnings-fall-below-expectations/

KUALA LUMPUR: Maybank Investment Bank Research said Wah Seong Corp Bhd’s third quarter financial results ended Sept 30 came in below its estimates/consensus, on higher associates’ losses.
The research house said downward earnings revisions aside, the investment angle to Wah Seong was the execution of its Nord Stream 2 (NS2) contract.
It added that Wah valuations was inexpensive. It has maintained a “buy” call on Wah Seong with a target price of RM1.08, based on 10x PER, as we roll over valuations to 2018.

Posted by hewiester > 2016-11-30 21:09 | Report Abuse

Will it get correct right down to the 60's range ;) we shall seee..

Posted by MOTOHO > 2016-12-01 03:11 | Report Abuse

Wait n collect

Posted by Tan Toh Fei > 2016-12-01 11:25 | Report Abuse

co making losses, i think dun go in now .... wait.

Posted by Tan Toh Fei > 2016-12-01 11:27 | Report Abuse

哇！凶。

Posted by bleuerouge > 2016-12-02 14:19 | Report Abuse

oil price surge, reversal might kick off.

Posted by SHQuah > 2016-12-14 16:52 | Report Abuse

Election is coming.
Tabung Haji, PNB & EPF need a lot of $$ to support government for Election.
They need push the stock market price up to get voter confident.
2017 is going to be a very good year for oil and Gas stocks.

Posted by Jolin Lai Chi Pet > 2016-12-14 20:42 | Report Abuse

huge orders in hand, Limit Up can happen in anytime.............

Posted by SHQuah > 2016-12-15 12:45 | Report Abuse

Jolin.....I love u. U always write positive notes.
But I am not sure u r a girl.

Posted by SHQuah > 2016-12-28 10:49 | Report Abuse

Feng Shui master from Hong Kong say 2017 is the year or oil & Gas stocks.

Posted by John Lu > 2016-12-28 10:51 | Report Abuse

Sure or not?

Posted by SHQuah > 2016-12-29 11:11 | Report Abuse

ear end window dressing
Icon to break - 0.40
Alam - 0.30
SKPetro - 1.80
Perisai - 0.12
Waseong - 0.85
Barakah - 0.70

Posted by wongchin > 2016-12-30 15:21 | Report Abuse

Mr feng shui bluff u 10 n 8 year la. Havent u heard that?? Beleive in yourself. Hehe

Posted by SHQuah > 2017-01-03 14:38 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/01/03/wah-seong-forms-jv-with-china-lesso-group/

Wah Seong Corp Bhd’s indirect wholly owned subsidiary Syn Tai Hung Trading Sdn Bhd (STHT) has entered into a joint venture and shareholder’s agreement with Lesso Home Service Holdings Limited (LHSH), an indirect wholly-owned subsidiary of China Lesso Group Holdings Limited.

Posted by SHQuah > 2017-01-05 09:33 | Report Abuse

Heng Ah, Ong Ah, Huat Ah 2017 all Oil and Gas stocks.

Posted by agcnazriadam > 2017-01-18 15:49 | Report Abuse

good buy. will move soon...

Posted by nkk53 > 2017-02-01 16:43 | Report Abuse

Ready to buy at 0.80

Posted by omnigunk > 2017-02-06 10:32 | Report Abuse

Moving up well today

Posted by goldenluck16 > 2017-02-06 11:00 | Report Abuse

Uptrend ...

Posted by bleuerouge > 2017-02-06 18:00 | Report Abuse

Tq waseong, patience well rewarded.

Posted by pussycats > 2017-02-07 19:01 | Report Abuse

TTM shows making losses 32mil, so the price will down further .... my target is 0.75

Posted by myportfolio > 2017-02-07 19:10 | Report Abuse

Yup next QR result will be bad due to impairment loses. my TP is about 0.65 to 0.70

Posted by goldenluck16 > 2017-02-09 20:55 | Report Abuse

Oil

Posted by samsambank > 2017-02-13 19:53 | Report Abuse

Oil and gas sector upgraded to Neutral at Affin Hwang Research
http://www.thestar.com.my/business/business-news/2017/02/08/oil-and-gas-sector-upgraded-to-neutral-at-affin-hwang-research/

Posted by johortiger > 2017-02-15 21:40 | Report Abuse

BRIEF-Wah Seong Corp updates on acquisition of Mutares Holding-16 AG
http://www.reuters.com/article/brief-wah-seong-corp-updates-on-acquisit-idUSFWN1G00CJ

Posted by johortiger > 2017-02-16 00:04 | Report Abuse

Looks like WAH SEONG CORPORATION acquired a German coating company.

STOCK NAME : WASEONG
TYPE : GENERAL ANNOUNCEMENT
SUBJECT : TRANSACTIONS (CHAPER 10 OF LISTING REQUIREMENTS)
- NON RELATED PARTY TRANSACTIONS
DESCRIPTION : WAH SEONG CORPORATION BERHAD (“WSC” OR “COMPANY”)
- ACQUISITION OF 100% EQUITY INTEREST IN MUTARES
HOLDING-16 AG BY WASCO COATINGS GERMANY GMBH, AN
INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

Posted by MusangK1ng > 2017-02-16 10:13 | Report Abuse

WASEONG BROKE 52 WEEKS HIGH. KIKIKIKIK I BOUGHT150 LOTS

Posted by GimEng Hong > 2017-02-16 13:19 | Report Abuse

How about waseong target price?

Posted by omnigunk > 2017-02-16 17:38 | Report Abuse

Buying a company does not mean improved profits, what about the debts that are accrued? I sold all.

Posted by 牛角胜tanduklembu > 2017-02-16 21:02 | Report Abuse

public bank call: buy t/ price 1.00

Posted by 牛角胜tanduklembu > 2017-02-16 21:04 | Report Abuse

break and c/with volume

Posted by 牛角胜tanduklembu > 2017-02-16 21:07 | Report Abuse

chart showing up up up buy fast,make short money next week.

Posted by omnigunk > 2017-02-17 10:54 | Report Abuse

Its down

Posted by johortiger > 2017-02-17 18:24 | Report Abuse

“The stock has limited downside as the group’s performance should be boosted by the higher, stable oil price levels which are expected to encourage new projects, coupled with its execution capabilities supported by its current RM3.6bil orderbook as at 3QFY16,” it said in a note on Thursday.
http://www.thestar.com.my/business/business-news/2017/02/16/publicinvest-research-reaffirms-buy-call-on-wah-seong/