Posted by TY828 > 2017-10-16 09:01 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/10/14/wong-engineering-turning-around/

It got 2 interesting pointsin this article:
- This suggests that some investors have started to take notice of this low-profile company. Annualising the RM3.05mil profit meanwhile would give Wong Engineering an annual profit of around RM12mil, which would make its valuations attractive, points out a dealer.

- Moving forward, observers don’t rule out the possibility of Tiong Nam or its owners privately injecting new businesses into Wong Engineering.


The first point just annualized 3rd quarter profit to 12 months. According to 3rd quarter report, the cumulative 9-months profit is RM3.64mil. However, the 3rd quarter report mentions:
The Group expects Quarter 4 revenue to be flat in-line with seasonal trends while raw materials cost is forecasted to increase as metal and steel prices picks up. Looking ahead, the group strives to continue improving its operational efficiency and cost in the backdrop of a competitive business environment as well as continue to diversify its revenue streams into wider industry reach and customer base.
On 25 July 2017, Wong Engineering Industries Sdn Bhd, a wholly owned subsidiary of the Company entered into a Sales and Purchase agreement with TN Equipment Rental (JB) Sdn Bhd to sell its investment property, parcels of freehold land together with a four-storey factory bearing postal address No. 4767 Lorong Permatang Pauh, 13400 Butterworth Penang for a sum of RM5,050,000. As at balance sheet date, the asset is classified as Asset Held for Sale as the full transfer of ownership is expected to complete 3 months from date of the agreement.
Asset classified as held for sale - RM2,766,000


2nd point is the most exciting prediction. New appointed directors is the hint?

Posted by sentimentrader > 2017-10-16 16:37 | Report Abuse

Solid Run + 15%... manufacture of high precision metal stamped parts, precision turned metal components, trading, marketing and retailing industrial and consumer products

Posted by dompeilee > 2017-10-17 09:14 | Report Abuse

Wong is SIZZLING HOT! https://www.youtube.com/watch?v=Gf1a2qJM1Cs Invested since 2004 :D

Posted by apolloang > 2017-10-18 18:17 | Report Abuse

bursa tipu lah,wong make so little can up so much, KEN make more than wong and yet no up.....all manipulation

Posted by yingchai > 2017-10-19 10:36 | Report Abuse

I think the current share price is overpriced. Too much uncertainty, i think the price will drop anytime.

Posted by panorama > 2017-10-25 09:14 | Report Abuse

Start goreng... TP 1.40

Posted by TY828 > 2017-11-01 09:05 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5588845

The Board of Directors of Wong Engineering Corporation Berhad (“WEC” or “the Company”) is pleased to announce that the Company’s wholly owned subsidiary, WEC Construction Sdn Bhd (“WECC”) has on 31 October 2017 received a Letter of Award dated 30 October 2017 from Havana Solaris Sdn Bhd (“Havana”) to undertake a contract to build 2 Blocks of 37-Storey Apartment (556 unit) Affordable Homes (RRM) and Hawker Centre (31 unit) containing 1) Block A – 28-storey (250 unit), 2) Block B – 28-storey (306 unit), on top of 8-storey car park podium including facilities on Lot 32075, Kuchai Lama Entrepreneurs Park, Mukim Petaling, Wilayah Persekutuan Kuala Lumpur for a contract value of RM 87.5 million (“Contract”).

The Contract shall commence from 16 November 2017 to 15 May 2020 and is expected to contribute positively to the Group' s future earnings.

None of the Directors and or major shareholders of WEC, or persons connected with them, has any interest, direct or indirect in the Contract except for Datuk Haji Muhamad Shapiae Bin Mat Ali (“Datuk Shapiae”), Chairman of WEC. Datuk Shapiae is also a Director of Havana. Datuk Shapiae does not hold any shares in WEC. Datuk Shapiae holds only 1 ordinary share in Havana of which the percentage of shareholding is negligible.

Given the above disclosure from Datuk Shapiae, the above transaction is not regarded as related party transaction pursuant to paragraph 10.08(11)(c) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 31 October 2017.



Assume project profit margin is:
10% for 2 years 6 months. Hence, estimate each quarter can contribute RM875K or 1cent. One year is RM3.5mil or 3.8cent.
15% for 2 years 6 months. Hence, estimate each quarter can contribute RM1.31mil or 1.4cent. One year RM5,25mil or 5.7cent.

Posted by yingchai > 2017-11-01 15:21 | Report Abuse

Run, better run now. The profit will come in only in year 2018... Come back again to this counter next year....Wait for the price to drop 1st. RM1.00

Posted by Uncle_Lim > 2017-11-05 00:43 | Report Abuse

LARI

Posted by yingchai > 2017-11-06 15:52 | Report Abuse

cepat cepat lari.....

Posted by TY828 > 2017-11-09 11:30 | Report Abuse

DDDU

Posted by angsp > 2017-11-13 11:33 | Report Abuse

Down trend?

Posted by Mohd Fahmi Bin Jaes > 2017-11-13 11:50 |

Post removed.Why?

Posted by Tan Cheng Poh > 2017-11-14 10:04 | Report Abuse

Mr Wong lai lioa tp 1.50

Posted by angsp > 2017-11-14 10:10 | Report Abuse

Good..

Posted by angsp > 2017-11-20 16:49 | Report Abuse

1.11 ...

Posted by scholar > 2017-11-21 09:22 | Report Abuse

wait at 1

Posted by 1965wang > 2017-11-23 11:30 | Report Abuse

cepat cepat beli nanti terlepas kapal kah kah kah

Posted by anonymous23 > 2017-11-24 15:14 | Report Abuse

climbing up~

Posted by angsp > 2017-12-06 15:25 | Report Abuse

climbing down

Posted by TY828 > 2017-12-06 18:12 | Report Abuse

Great News:

http://www.theedgemarkets.com/article/wong-engineering-resume-paying-dividends

Posted by yingchai > 2017-12-07 08:21 | Report Abuse

Today price drop to 0.95....

Posted by Mohd Fahmi Bin Jaes > 2017-12-07 08:39 | Report Abuse

Apple Will Beat The Skeptics and Rise 27%: Guggenheim
By Mark Kolakowski | December 6, 2017 — 8:00 AM EST
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The iPhone line of smartphones from Apple Inc. (AAPL) will be a major driver of revenue and earnings for the company in upcoming years, according to Robert Cihra, senior technology, media, and telecom research analyst at Guggenheim Partners LLC, as reported by Barron's. The iPhone is riding a wave of "pent-up demand," Cihra writes in recent research report excerpted by Barron's. He forecasts that unit sales will rise by 13%, average prices by 17%, and total sales revenues by 32% in Apple's current fiscal year, which ends on September 30, 2018.


Read more: Apple Will Beat The Skeptics and Rise 27%: Guggenheim | Investopedia https://www.investopedia.com/news/apple-will-beat-skeptics-and-rise-27-guggenheim/#ixzz50WodPS1a
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Posted by DarKLoRD888999 > 2017-12-14 13:40 | Report Abuse

My name is Sam Wong
That why I bought Sam and Wong wakakaka
I have a great name

Posted by babynercon > 2017-12-14 13:43 | Report Abuse

my name is wong sammy
i bought wong and same too.... xD

Posted by yingchai > 2017-12-18 16:09 | Report Abuse

Buaya left this counter alr....will drop to 1.05 by this week. Result going to announce on 29 December???

Posted by DarKLoRD888999 > 2017-12-20 14:26 | Report Abuse

long term will saw the profit buy on value

Posted by DarKLoRD888999 > 2017-12-20 14:57 | Report Abuse

buy before too late the second uptrend wave is coming

Posted by yingchai > 2017-12-21 08:32 | Report Abuse

The best day to buy is on Friday, T+4 will be due on 29/12/2017(Friday, next monday is public holiday). BB will sapu the shares 1 day before the QR announcement or the same day. So better buy on Friday as insurance who knows they announce the QR result before 29/12/17. Buy b4 too late......

My target price for this share is RM1.35 for short term, RM1.50 for mid term and RM1.80 for long term.

Posted by swissvillage > 2017-12-21 08:39 | Report Abuse

Kesm is a good semiconductor stock with very good outlook

Posted by 张公子 > 2017-12-21 13:12 | Report Abuse

HUAT RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

Posted by Hohup > 2017-12-21 13:18 | Report Abuse

Lets fry

Posted by DarKLoRD888999 > 2017-12-21 13:26 | Report Abuse

2sen haha so good next QR is the best starting said by the WEC cause this QR got few million for expenses

Posted by yingchai > 2017-12-21 14:18 | Report Abuse

chiong ar....chiong ar.... the one off disposal gain to be captured on next quarter... plus construction income.....Huat Ar Huat Ar Huat Ar.....

Posted by DarKLoRD888999 > 2017-12-21 14:24 | Report Abuse

This Qr should be good but WEC used for one time pay for the expenses. Just 万万没想到 还可以给股息，真是额外的惊喜。

Posted by yingchai > 2017-12-21 14:36 | Report Abuse

revised target price to RM1.45 short term......

Posted by yingchai > 2017-12-21 14:36 | Report Abuse

Hold tight and fly high high......

Posted by DarKLoRD888999 > 2017-12-21 14:58 | Report Abuse

长期成长 长期持有 投资股票正道

Posted by TY828 > 2017-12-21 15:29 | Report Abuse

Surprisingly WEC proposed dividend, if it continue grows & pay dividend, it sure attract fund manager look into it.
Worth for hold long term.

Posted by TY828 > 2017-12-21 15:34 | Report Abuse

Last 2 quarter EPS is 3.33 & 2.73, if annualized is 12.12.
So currently PE just 10. WEC got potential.

Posted by yingchai > 2017-12-21 17:01 | Report Abuse

Tml up up up.....

Posted by DarKLoRD888999 > 2017-12-21 17:04 | Report Abuse

（吉隆坡21日讯）由于内部成本控制措施抵销原料成本上涨，黄机械（Wong Engineering Corp Bhd）在2017财政年第四季连续第三个季度获利。

该集团今日向大马交易所报备，截至10月杪末季净利为250万令吉，或每股2.73仙，去年同期则净亏13万令吉，或每股0.14仙。

末季营业额从777万令吉，劲升64.4%至1278万令吉，主要归功于电气与电子领域客户的需求提高，继续推动增长。

2017财年的净利由71万5000令吉，飙涨7.5倍至611万令吉；营业额增29.1%至4271万令吉，2016财年为3309万令吉。

展望未来，黄机械预计，未来一年的营业额将有所改善，且商业环境将更竞争。

“集团将继续多元化收入来源至各行业和客户群，同时执行策略以更好地控制营运成本和现金流。”

截至4时23分，该股起5仙或4.31%，挂1.21令吉，成交量有143万3600股。市值为1亿710万令吉。过去一年的股价升幅达77%。



（编译：陈慧珊）

Nice XD

Posted by azrylamyr > 2017-12-21 18:31 | Report Abuse

i enter

Posted by ivan9511 > 2017-12-21 18:38 | Report Abuse

Lucky still hold 50% long time ago .
Wong you are the best
Limit up
Please up t my tp limit up
Limited up
Limit up

Posted by BankNagara > 2017-12-21 18:44 | Report Abuse

Lou Wong very strong today

Posted by Patrick13 > 2017-12-22 08:12 | Report Abuse

Volume up, short term can test the next resistance 1.42

Posted by 张公子 > 2017-12-22 11:44 | Report Abuse

隔壁老王 mari mari hom

Posted by Mohd Fahmi Bin Jaes > 2017-12-31 07:19 | Report Abuse

Down

Posted by yingchai > 2018-01-05 12:35 | Report Abuse

Run, next target price @ RM1.08.....Sell now and buy later....

Posted by Ivan89 > 2018-01-08 14:34 | Report Abuse

Coming soon, up up up