Posted by waseong > 2014-03-01 14:25 | Report Abuse

i mean the boss is mou lan yong. Actually, WASEONG guides that it has to-date landed contracts worth RM160.7m from DBP Wheatstone and Exxon Longford. Wasco coating plant (wah seong main company) has very strong in capability and technology. The coating plant can coat 24 meter linepipe. The main competetor Bredero Shaw can not done it. This is one of the reason they win the job from client Japanese steel pipe supplier Metal one and Marubeni-Itochu.

Posted by waseong > 2014-03-02 10:55 | Report Abuse

As I said before wasco 4Q13 is earn RM30m, but actually it is more than RM40m pre tax profit. It is strongly recover in 4Q13 for its pipe coating division contribution because of Statoil and North Malay basin project. In 4Q they complete to 12% and 30% respectively. Statoil will complete on 2015, meanwhile north malay is 2014. It is same consensus from CIMB analyst report during report on november 2013. The pipe coating devision is continuous to contribute waseong earnings in this year to 2015. Additionally it plus contribution from DDG Wheatstone and Longford project which on the coat. Actually analyst report like hongleong, public invest and kenanga not good give waseong in their rating. Analyst not to survey, actually they have come to wasco to have look and see. They think waseong is no hope, so give it neutral, sell rating. The rating is unchanged if compare with their previous report. Like kenanga ask to sell waseong, but they up the target price from RM1.67 to RM2.00. They up the target price but ask people to sell. So what?? What is their purpose at the back, investor please think. They miss to see waseong already improve since 4Q13, I think their portfolio manager want to accumulate buy the stock at lower price, so give the rating is neutral, sell rating. Actually waseong is already many improve compare to 3Q13 and before, it is strongly recover since 4Q13. It is contribute RM40m pretax profit in the pipe coating division. Waseong is a steady counter, investor type is long term invest. They know the price will up to RM 2.20 and more in future. Long term investor is never worry to this counter. Long term investor is very happy if the share price is drop, because they got a chance to more accumulate this counter at lower price. In this 1Q14, waseong is continuosly make many oil money through its major oil and gas pipe coating division, especially the big volume pipe coating production for statoil 36”OD pipe, JDA North Malay basin 28”OD pipe, and DDG Wheatstong 18 meter pipe is on the coat. This counter future is definitely bright!

Posted by investor8888 > 2014-03-02 21:16 | Report Abuse

hi waseong, wat u said i agree n fully support........

Posted by beastkot123 > 2014-03-04 23:50 | Report Abuse

Waseong so if i have let say rm100k how many rmxxk should i invest in wah seong shares?? And at what price do u recommend??tq

Posted by waseong > 2014-03-05 16:00 | Report Abuse

Long term investor will buy it with price below RM 2.00. Its depend to you how many you want to invest.

Posted by waseong > 2014-03-06 12:58 | Report Abuse

Today fund manager are buying wacai at 1.90 with 298 lots done. The DDG Wheatstone Ashburton West Pipeline Project 110 km (Australia job) to be complete coated soon. Again, many oil money will go to wacai pocket. Dividend also is coming soon. Quick to invest wacai lor.

Posted by waseong > 2014-03-08 10:50 | Report Abuse

Waseong continue going strong. Norway Statoil Polarled pipe continue coating, Petronas North Malay basin JDA pipe continue coating. This 1Q14 continue make money. It turns to earnings from lossing last year quarter.

Posted by david81 > 2014-03-10 22:42 | Report Abuse

Holding and holding....x date this Thursday.

Posted by david81 > 2014-03-11 10:05 | Report Abuse

didnt know x-date is today! 4 cents in total.

Posted by tomatoman79 > 2014-03-11 10:26 | Report Abuse

2 cent bro... not 4

Posted by david81 > 2014-03-11 22:50 | Report Abuse

another 2 cents will be the shares given.

Posted by beastkot123 > 2014-03-14 20:53 | Report Abuse

Special single tier share dividend via a distribution of Treasury Shares on the basis of one (1) Treasury Share for every one hundred and fifty (150) ordinary shares of RM0.50 each held, fractions of treasury shares to be disregarded ("Share Dividend").

Posted by waseong > 2014-03-15 13:55 | Report Abuse

waseong going strong! The director and company is buy back the shares at lower price. Petronas JDA pipes continue coated!

Posted by winwinborn > 2014-03-17 12:22 | Report Abuse

Wah Seong Unit Buys PMT Energy
KUALA LUMPUR: Jutasama Sdn Bhd, a wholly-owned subsidiary of Wah Seong Corp Bhd, has acquired PMT Energy (Labuan) Ltd for US$1,000 (RM3,320) from Hong Ching Kiang.
The PMT Energy acquisition is for its overseas business expansion for the biomass power plant project, the company said in a filing with Bursa Malaysia yesterday.
Following the acquisition, PMT Energy (Labuan) subsidiaries, namely PMTI Energy (Cambodia) and PMT Energy Sdn Bhd, will become indirect subsidiaries and indirect wholly-owned subsidiaries of Jutasama, respectively. – Bernama

Posted by winwinborn > 2014-03-19 09:17 | Report Abuse

Gogogo!

Posted by tomatoman79 > 2014-03-19 10:54 | Report Abuse

I believe wah seong good for long term... buy and see again next year. watch everyday so boring...

Posted by waseong > 2014-03-21 10:42 | Report Abuse

We prefer buy waseong due to its strong recovery from oil and gas segment, especially the pipe coating division, strong earnings visibility, high volume pipe coating production (JDA and Polarled pipes), strong order book replenishment, strictly cost control etc.

Posted by david81 > 2014-03-24 23:10 | Report Abuse

suddenly drop 4 cents with such low volume!

Posted by waseong > 2014-04-03 12:55 | Report Abuse

quick to buy waseong lor.
wasco made a lot of oil money in 1Q14 !
dun look and see lor.

Posted by winwinborn > 2014-04-08 10:29 | Report Abuse

Waseong need more vol for uptrend?

Posted by waseong > 2014-04-08 14:10 | Report Abuse

Wheatstone DDG 109 km linepipe coating job was successfully completed. now wasco starting commence Esso Australia 180 km Longford linepipe coating job. Meanwhile the Statoil and JDA coating job is still ongoing. Pipe coating is very fantastic work. Quick to invest this oil and gas counter lor. Earn oil money through waseong.

Posted by ballanmessi > 2014-04-08 22:03 | Report Abuse

Waseong you have been harping about this counter for some time but I don't see anything yet please explain

Posted by waseong > 2014-04-09 13:28 | Report Abuse

Dear Mr Ballanmessi, this happen may due to people do not like waseong, also may not to understand the pipe coating business. people habitat is difficult to said. At lower price, no people interest, when price go higher, people baru go to chase something like happen on sbccorp, talamt etc.

Posted by Penarak > 2014-04-09 16:13 | Report Abuse

My take is it is set to rebound from the current 1.84 as despite all the positive news since the last 4Q results ,it has actually been in reverse motion .Wasco is known to be a sprinter when the time is right ............

Posted by crawler > 2014-04-10 12:04 | Report Abuse

waseong business is sound..watch out for sudden rebound very soon

Posted by waseong > 2014-04-10 19:13 | Report Abuse

many seller today. they will regret because sell at lower price. wasco now is strongly rebound.

Posted by crawler > 2014-04-10 21:26 | Report Abuse

going to pecut soon

Posted by splendid_ignorance > 2014-04-11 10:11 | Report Abuse

hmm very decent stock. paying dividends while buying back stock. good indication. will be curious to see their performance for the first quarter

Posted by david81 > 2014-04-12 09:02 | Report Abuse

CEO also buying...
Acquired 08/04/2014
50,000
1.870
Acquired 09/04/2014
70,000
1.858
Acquired 10/04/2014
35,000
1.844

Posted by crawler > 2014-04-14 12:01 | Report Abuse

another stock which no one want to sell..geram nia aku

Posted by crawler > 2014-04-14 12:04 | Report Abuse

I have this theory, if it does not go down then it has to be up..no other way. :)

Posted by david81 > 2014-04-14 13:25 | Report Abuse

Haha...I am waiting to sell at RM2 :)

Posted by crawler > 2014-04-15 10:53 | Report Abuse

steady :) up up and you go

Posted by calvintaneng > 2014-04-16 11:56 | Report Abuse

Crawler,

UP UP AND YOU GO?

YES! WAH SEONG IS ANOTHER LAGGARD OIL & GAS COUNTER TURNING POSITIVE NOW!

Reasons:

1) Last Quarter Profit Increased

2) Pentronas RM190 Billions' RAPID Projects Now On. Wah Seong Will Benefit Directly Or Indirectly

3) Wah Seong Also Ventured Into Defensive Oil Palm Cultivation

4) Anticipating Uptrend Director Is Accumulating WAH SEONG

So Wah Seong Up Up Up? YES OF COURSE!

Since Wah Seong has not run up much like other Oil & Gas Counters Its downside is limited While Its Potential For Upside Is Turning Increasingly Brighter & Brighter As RAPID Unfolds

Posted by winwinborn > 2014-04-17 15:19 | Report Abuse

Continous buy back shares...good signs? Decided to keep...

Posted by bondnick > 2014-04-18 10:38 | Report Abuse

If continous buying back occured, how come number of treasury shares dropped from 5,622,557 on 02/01/14 to 546,467 on 07/04/14 ?

Posted by bondnick > 2014-04-18 10:39 | Report Abuse

sorry should be 02/04/14 and not 02/01/14.

Posted by iafx > 2014-04-18 10:40 | Report Abuse

waseong's earning is lousy, or masuk pocket sendiri? ;)

Posted by waseong > 2014-04-18 14:18 | Report Abuse

Waseong kan hari itu ada kasi dividend share from its treasury?! As a shareholder, we also get some ma.
We continue buy waseong. Director continue buy waseong. EPF continue buy waseong. Company continue buy back its share. The JDA pipe coating job is more than 60% completed. The Statoil pipe coating job is fully commencing. There are too many pipes is anticorrosion coated. The next catalyst for wah Seong to be Petronas & Trans Canada Pipelines Ltd JV's Prince Rupert HDD Project 1050 km pipe coating job.

Posted by waseong > 2014-04-18 14:36 | Report Abuse

As a confident investor, we are not worry people what they like to say.

Posted by david81 > 2014-04-19 00:34 | Report Abuse

i trust on u...mr waseong haha

Posted by calvintaneng > 2014-04-19 01:12 | Report Abuse

Very Good Information Waseong,

Yes Warren Buffet likes Directors/Insiders Share Buy Back

Posted by kassimSave > 2014-04-19 16:02 | Report Abuse

this company is looking forward to expand with some major assets in the oil and gas industry. news in the market

Posted by waseong > 2014-04-22 09:59 | Report Abuse

penergy near close to bagging Petronas RSC project again. Dato Seri PM punya brother's penergy. wacai got 26.9% stake of penergy. when penergy up like UZMA, sure wacai pun naik to peak. quick invest wacai lor! dun look see, look see..

Posted by Johnnys > 2014-04-22 16:00 | Report Abuse

today can break RM2

Posted by winwinborn > 2014-04-22 16:03 | Report Abuse

gogogo...

Posted by david81 > 2014-04-22 23:04 | Report Abuse

waseong has moved at last....rm2.2 is on the way!

Posted by waseong > 2014-04-23 10:32 | Report Abuse

With the new development of Penergy + strong rebound from pipe coating division, analyst will up target price of Wah Seong in near term. Investor dun look see, look see lor.. Buy WASEONG !

Posted by investor8888 > 2014-04-23 11:43 | Report Abuse

waseong lai liao...

Posted by Coldwar > 2014-04-23 12:13 | Report Abuse

Huat huat......