Posted by cheoky > 2019-11-24 10:28 | Report Abuse

If 1ringgit can't get maybe can get it at rm2

Posted by Monte > 2019-11-24 21:20 | Report Abuse

Not really ba,d given the huge investment expenditure from cash flow activities which will bring in better future gains. Good investment and you can see the huge support around RM 1.18 despite the perceived "bad" quarter.

Posted by Penarak > 2019-11-29 14:17 | Report Abuse

The Movers from 0.60 to 1.30 appear to have gone off for a well deserved vacation .

Posted by PresidentRotiCanai > 2019-12-02 21:04 | Report Abuse

Good volume and price coming

Posted by PresidentRotiCanai > 2019-12-02 23:31 | Report Abuse

Ah seong coming

Posted by PresidentRotiCanai > 2019-12-02 23:48 | Report Abuse

Wah Seong Corp Bhd
(Nov 22, RM1.26)
Maintain buy with an unchanged target price (TP) of RM1.50: The third quarter of financial year 2019 (3QFY19) results were ahead of our expectation due to stronger-than-expected associate earnings and lower taxes but in line with consensus. We raise financial year 2019 estimated (FY19E) earnings by 19% and remain positive on Wah Seong Corp Bhd’s prospects. Order book visibility is rising and Wah Seong is a key beneficiary of higher: i) engineering and fabrication; and ii) pipe-coating works. The former will lead growth in FY20 while the latter will feature prominently from FY21. Our TP is unchanged, pegged at 10.9 times FY21 price-to-earnings (P/E), its three-year mean to factor a pickup in industry order book visibility.

Wah Seong’s core net profit of RM17 million ( 31% quarter-on-quarter [q-o-q]; -44% year-on-year [y-o-y]) took cumulative nine-month period of financial year 2019 (9MFY19) core earnings to RM49 million ( 36% y-o-y), 94% of our initial FY estimate of RM52 million. Contrary to our initial expectations of a flat sequential performance, the q-o-q strength in 3QFY19 was driven largely by higher associate profit ( 73% to RM6 million due to higher contribution from its 26.9%-owned Petra Energy Bhd) and lower taxes (-69% to -RM3 million).

We raised FY19E earnings by 19% to RM62 million post 3QFY19, taking into account mainly the higher associate profit ( 150%). We expect a weaker 4QFY19 (-24% q-o-q), due to seasonal softness with its Nordstream 2 operations ending in January 2020. Our FY20-21 estimates are unchanged.

We see Wah Seong capitalising on the resurgence in offshore engineering and fabrication orders, particularly for process equipment modules as it rides on the strong floating production, storage and offloading (FPSO) order pipeline in 2020. That segment could add about US$300 million to US$450 million (RM1.25 billion to RM1.88 billion) to its order book. Its pipe-coating prospects will feature prominently in 2021, with its 60:40 Qatar operations (US$300 million) alone contributing from FY21-23E. — Maybank IB Research, Nov 22

Posted by PresidentRotiCanai > 2019-12-06 00:00 | Report Abuse

Ah seong

Posted by PresidentRotiCanai > 2019-12-06 12:47 | Report Abuse

CPO up, should beneficial to waseong as well

Posted by William Ng > 2019-12-07 15:50 | Report Abuse

1.21 now, can buy?

Posted by cheoky > 2019-12-08 23:49 | Report Abuse

telling my frds this is a boiling bull maybe i m wrong...

Posted by PresidentRotiCanai > 2019-12-09 23:53 | Report Abuse

Rest for few days, waiting to up soon

Posted by PresidentRotiCanai > 2019-12-10 22:03 | Report Abuse

RSI flat and heading up. MA9 and MA6 golden cross. Lai liao

Posted by MasterYoda > 2019-12-11 16:56 | Report Abuse

bright future stock but tauke very kamsiap,no dividen at all ;(

Posted by Penarak > 2019-12-13 14:05 | Report Abuse

https://oilprice.com/Energy/Natural-Gas/Americas-Last-Ditch-Effort-To-Stop-The-Nord-Stream-2-Pipeline.html

Posted by david81 > 2019-12-18 21:46 | Report Abuse

Suddenly bounce back when everyone expecting it to continue downtrend.

Posted by James James > 2020-01-06 16:07 | Report Abuse

Waseong is in the process of winding up?

Posted by speedlikecy > 2020-01-14 19:00 | Report Abuse

Breakout with volume

Posted by Daily8 > 2020-01-14 21:08 | Report Abuse

not bad today.

Posted by Primeinvestor > 2020-02-18 19:15 | Report Abuse

Goodbye my lovely wahseong

Posted by gemfinder > 2020-02-18 19:48 | Report Abuse

Wow. Wat a,negative surprose. Gap down tomolo

Posted by fstex > 2020-02-18 19:56 | Report Abuse

Die smelly... RIP

Posted by c2k9791 > 2020-02-18 20:24 | Report Abuse

Bomb......-X X-

Posted by david81 > 2020-02-18 22:11 | Report Abuse

Future is bright, so it may not be that bad tomorrow

Posted by CUTLOST > 2020-02-18 23:27 | Report Abuse

Wow.. Mana mau unload esok nie.. Satu lori penuh contract note nie.

Posted by sell > 2020-02-20 17:07 | Report Abuse

Manipulated ctr. QR loss why operator close eye?

Posted by sell > 2020-02-20 17:08 | Report Abuse

david81 operator?

david81 Future is bright, so it may not be that bad tomorrow
18/02/2020 10:11 PM

Posted by Penarak > 2020-03-09 14:06 | Report Abuse

A great buy at 0.78 , provided it does not fall further tomorrow .

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-03-09 16:07 | Report Abuse

limit down 30%

Posted by James Ng > 2020-03-26 09:41 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-03-26-story-h1485644270.jsp
[转贴] [WAH SEONG CORP BHD：总订单额为9.296亿令吉，其中包括石油与天然气部门的5.767亿令吉，可再生能源部门的3.093亿令吉以及工业贸易与服务部门的4360万令吉] - James的股票投资James Share Investing

Posted by Will76 > 2020-03-30 10:14 | Report Abuse

Breaking News from CNBC

U.S. West Texas Intermediate (WTI) crude futures hit a low of $19.92 in early trading and last traded down 5.2%, or $1.12, at $20.39 a barrel as of 2332 GMT.

Brent futures fell 5.6%, or $1.40, to $23.53 a barrel.

Posted by johnbrooks > 2020-03-31 00:33 | Report Abuse

All oil majors will revised their capex downward if oil stays around $20 to $25 for an extended period. Come Wednesday, there will be no restriction on oil production by the Opec+. Expect oil to fall even further if its the case.

Service providers like Wah Seong will be the first to feel the affect of reduce capex spending.

Posted by tkl88 > 2020-03-31 01:51 | Report Abuse

As at 1.47am,
Nymex=> $19.89 ‪(-1.62) (-7.53%)‬
‪Brent =>‬ $26.04 ‪(-1.91) (-6.83%)‬

Posted by tkl88 > 2020-03-31 02:11 | Report Abuse

As at 2.05am,
Nymex => $19.57 ‪(-1.94) (-9.02%)‬
Brent => $25.75 ‪(-2.20) (-7.87%)‬

Posted by tkl88 > 2020-03-31 03:22 | Report Abuse

Oil Prices Slide As Saudi Arabia Confirms Another Export Boost
By Tsvetana Paraskova - Mar 30, 2020, 9:00 AM CDT

https://www.google.com.my/amp/s/oilprice.com/Energy/Crude-Oil/Oil-Prices-Slide-As-Saudi-Arabia-Confirms-Another-Export-Boost.amp.html

Saudi Arabia is not backing down from the oil price war for market share, pledging another increase in its crude oil exports starting in May, despite a growing global glut amid crashing demand.
“[T]he Kingdom intends to increase its crude oil exports, starting from May, by about 600 thousand barrels per day, bringing the total of Saudi petroleum exports to 10.6 million barrels per day,” an official at the Saudi Arabian Energy Ministry said on Monday, as carried by the official Saudi Press Agency.

Posted by tkl88 > 2020-04-01 04:43 | Report Abuse

Dow Jones closed at=> 21,917.16 (-410.32) (-1.84 percent)

Posted by kisahbenarbro > 2020-04-01 15:01 | Report Abuse

Has had negative earnings growth over the past year, so it cannot be compared to its 5-year average. Short term assets do not cover its short-term liabilities although not applicable for its long term situation. Debt to equity ratio has increased from 80% to 91% over the past 5 years.

Posted by tkl88 > 2020-04-01 16:32 | Report Abuse

As at 4.29pm,
Nymex=> $20.09 (-0.39) (-1.90 percent)
Brent => $24.91 (-1.44) (-5.46 percent)

Posted by johnbrooks > 2020-04-01 17:50 | Report Abuse

If u guys want to look at the brent crude price. Better looked at the dated brent which is the price of the physical cargoes now (spot price). Last i check it was only $17 per barrel. Should be lower today.. the ice brent that u see in bloomberg are futures contract. Today bloomberg starts showing the futures brent for june delivery. Yesterday it was brent for may delivery. Hence why u see the sudden price increase today from $22 at yesterday closing to $25 at today opening. Oil did not go up. Just that the 2 contracts are price differently with longer tenure future having premium over shorter ones (contango market).

Most o&g project uses dated brent as reference (at least petronas does).

Posted by tkl88 > 2020-04-01 22:07 |

Post removed.Why?

Posted by tkl88 > 2020-04-02 06:29 | Report Abuse

Dow Jones closed at=> 20,943.51 (−973.65) (-4.44%)

Posted by tkl88 > 2020-04-02 07:01 | Report Abuse

Dow plunges 974 points after Trump warns of 'painful' times to come and a 'shocking' coronavirus death toll
Carmen Reinicke
Apr. 1, 2020, 04:09 PM

https://www.google.com.my/amp/s/markets.businessinsider.com/amp/news/stock-market-news-today-dow-sp-fall-coronavirus-death-projections-2020-4-1029056226

* US stocks fell sharply on Wednesday after President Donald Trump told the country to brace for a "very, very painful two weeks" amid the coronavirus pandemic.
* The White House projected that the US could see 100,000 to 240,000 deaths from COVID-19, the illness caused by the coronavirus.
* The losses came on the heels of the worst-ever first quarter for the Dow Jones industrial average.
* Read more on Business Insider.

US stocks fell Wednesday after President Donald Trump issued a dire new warning about pain ahead due to the coronavirus pandemic. 
Trump told Americans to brace for a "very, very painful two weeks" during a press briefing Tuesday evening, adding "this is going to be three weeks like we've never seen before."
The White House is now projecting that the US could see between 100,000 and 240,000 deaths from the coronavirus pandemic, peaking over the next two weeks. Right now, the US has 189,000 confirmed cases of COVID-19, currently the largest outbreak in the world. As of April 1, 4,000 have died of coronavirus in the US. 

Here's where major US indexes stood at the 4 p.m. ET market close on Wednesday:
* S&P 500: 2,470.50, down 4.4%
* Dow Jones industrial average: 20,943.51, down 4.4% (974 points)
* Nasdaq composite: 7,360.58, down 4.4%

Investor sentiment is falling as the impact of the coronavirus pandemic is "maybe starting to hit home for people that had been hoping for better news," Liz Ann Sonders, chief investment strategist at Charles Schwab, told Markets Insider in an interview. 
The losses came after the Dow Jones industrial average posted its worst-ever quarterly performance on Tuesday, slipping more than 23%. Both the Dow and the S&P 500 also posted their worst monthly returns since the depth of the financial crisis in October 2008, falling 14% and 13% in March.

Posted by tkl88 > 2020-04-02 20:04 | Report Abuse

As at 8.01pm,
Nymex =>22.38 ‪(+2.07) (+10.19%)‬
Brent => 27.34 ‪(+2.60 (+10.51%)‬

Posted by tkl88 > 2020-04-03 01:53 | Report Abuse

Walaeh, Oil price up crazily !
As at 1.47am,
Nymex => $24.56 ‪(+4.25) (+20.93 percent)
Brent => $29.85 ‪(+5.11) (+20.65 percent)

Posted by tkl88 > 2020-04-03 02:27 | Report Abuse

Oil prices surge after Trump claims Russia and Saudi Arabia agree deal - as it happened

https://www.google.com.my/amp/s/amp.theguardian.com/business/live/2020/apr/02/markets-us-jobless-claims-covid-19-economy-recession-coronavirus-business-live

Rolling coverage of the latest economic and financial news as oil prices jump by more than 30% and the US jobless report reveals scale of coronavirus damage
* US president claims oil production cut deal; Russia denies agreement
* US initial jobless claims hit record; 6.6m people signed on last week
* Earlier: One in four UK firms cut staff levels
* Coronavirus – latest updates
* See all our coronavirus coverage

13:11 EDT
Closing summary: Trump sends oil prices rocketing and US jobless claims soar
Donald Trump sent oil markets into an unprecedented buying frenzy on Thursday afternoon, after tweeting that Saudi Arabia and Russia had reached a deal on production cuts.
Russia poured cold water on the details, saying there had been no deal, but it still put oil futures prices on track for the biggest daily rise ever. At the time of writing Brent crude futures prices had gained 22%.
Here are the other important developments from today:
* More than 6.6m Americans filed jobless claims last week, by far the largest number in history and an indication that unemployment could reach a record high. Economists said it was one of the starkest indications yet of the scale of the economic pain already inflicted on the US.
* In the UK, the experimental data from the Office for National Statistics said that a quarter of UK companies are already cutting staffing levels “in the short term” due to the coronavirus crisis.
* British Airways confirmed that it will cut capacity by 90% year-on-year for April and May and furlough 30,000 cabin crew.
* British Gas owner Centrica has joined the ranks of companies cancelling their dividends. It also announced £400m in spending cuts this morning.
* National Express cancelled all of its services across the UK.
And of course you can continue to follow all of our coverage of the coronavirus pandemic.
In the UK, health secretary Matt Hancock says the government has written off £13.4bn of historic NHS debt:

Posted by tkl88 > 2020-04-03 06:03 | Report Abuse

Dow Jones closed at=> 21,413.44 (+469.93) (+2.24%)

Posted by tkl88 > 2020-04-03 16:07 | Report Abuse

Wow, Oil price spike up crazily again !
As at 4.05pm,
Nymex => $25.46 (+0.14) (+0.55%)
Brent => $31.35 (+1.41) (+4.71%)

Posted by tkl88 > 2020-04-03 18:48 | Report Abuse

Wow, Amazing, Oil price continue to spike up !
As at ‪6.37pm,‬
Nymex => $26.52 ‪(+1.20) (+4.74 percent)
Brent => $32.77 ‪(+2.83) (+9.45 percent)

Posted by tkl88 > 2020-04-03 23:21 | Report Abuse

Walaoeh, Unbelievable !
Oil price spike up like mad !
As at 11.10pm,
Nymex => $27.19 ‪ (+1.87) (+7.39%‬)
Brent => $33.71 (‪+3.77) (+12.59%‬)

Posted by tkl88 > 2020-04-04 00:05 | Report Abuse

Oil surges 13% on reports that OPEC and allies are working on a deal to cut production amid the coronavirus pandemic
Carmen Reinicke
Apr. 3, 2020, 10:27 AM

https://www.google.com.my/amp/s/markets.businessinsider.com/amp/news/oil-price-surges-report-opec-meeting-production-cuts-coronavirus-pandemic-2020-4-1029063327

* Oil prices surged Friday, continuing gains from the best day on record Thursday. 
* US West Texas Intermediate crude surged as much as 13% to $28.56 per barrel Friday, while Brent crude jumped 17% to $34.91 per barrel at its intraday highs.
* A Reuters report that OPEC and its allies will meet Monday to discuss a production cut amid the coronavirus pandemic fueled the gains. 
* Watch oil trade live on Markets Insider.
* Read more on Business Insider.

Oil climbed on Friday, extending gains from the best day on record Thursday, after OPEC and its allies said they will meet Monday to discuss a production cut amid the coronavirus pandemic, according to a Reuters.
US West Texas Intermediate crude surged as much as 13% to $28.56 per barrel after gaining 25% Thursday. International benchmark Brent crude jumped 17% to $34.91 per barrel at its Friday intraday highs, continuing the previous day's 21% gain. 
The cut could be around 10% of global supply, Reuters reported Monday, citing an OPEC source. The meeting to discuss a potential deal to curb production came after President Donald Trump told CNBC Thursday he expected Saudi Arabia and Russia to announce a deal to drastically cut oil production.

Posted by tkl88 > 2020-04-04 06:39 | Report Abuse

Superb, Oil Price closed at new record high !‬
Nymex => $28.97 ‪(+3.65) (+14.42%)‬
Brent => $34.83 ‪(+4.89) (+16.33%)‬

‪Next week definitely will break the USD $40 per barrel !‬
Huat ah ! Heng ah ! Ong ah !