Highlights
KLSE: WASEONG (5142)       WAH SEONG CORP BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.52   -0.01 (1.89%)  0.52 - 0.565  4,555,100
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Overview

Market Cap: 403 Million
NOSH: 775 Million
Avg Volume (4 weeks):2,708,665
4 Weeks Range:0.46 - 1.16
4 Weeks Price Volatility (%):
8.57%
52 Weeks Range:0.46 - 1.46
52 Weeks Price Volatility (%):
6.00%
Average Price Target: 1.26
Price Target Upside/Downside: +0.74
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2019 [#4]  |  18-Feb-2020
Next QR | Est. Ann. Date: 31-Mar-2020  |  13-May-2020
T4Q P/E | EY: 16.69  |  5.99%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.2627  |  0.41
T4Q NP Margin | ROE: 0.54%  |  2.47%

Headlines

Date Subject
26-Mar-2020 [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
14-Mar-2020 热门股:华商控股上挑79仙
19-Feb-2020 Wah Seong Corporation Berhad - Improved Earnings Visibility
19-Feb-2020 Wah Seong Corporation Berhad - Beating Estimates
19-Feb-2020 Wah Seong Corporation - FY19 Above Expectations
19-Feb-2020 Mplus Market Pulse - 19 Feb 2020
19-Feb-2020 Wah Seong Corporation - Looking Beyond NS2
18-Feb-2020 Stocks on Radar - Wah Seong Corporation (5142)
14-Feb-2020 M+ Online Technical Focus - 14 Feb 2019
14-Feb-2020 Daily Market Update - 14 Feb 2020 (GDB, WASEONG)
23-Jan-2020 Trading Stocks - Wah Seong Corp
15-Jan-2020 M+ Online Technical Focus - 15 Jan 2019
15-Jan-2020 Stocks on Radar - Wah Seong Corporation (5142)
08-Jan-2020 【视频】华商控股 增长潜力被低估
07-Jan-2020 Trading Stocks - Wah Seong
07-Jan-2020 华商控股上挑RM1.40/敏源
30-Dec-2019 M+ Online Technical Focus - 30 Dec 2019
30-Dec-2019 Daily Market Update - 30 Dec 2019 (VSTECS, WASEONG)
19-Dec-2019 Trading Stocks - Wah Seong Corporation
19-Dec-2019 Daily technical highlights – (COMFORT, WASEONG)

Business Background

Wah Seong Corp Bhd is engaged in the business of specialized pipe coating and corrosion protection services; Engineering, Procurement, and Construction (“EPC”); fabrication and rental of gas compressors and process equipment; Exploration and Production (“E&P”) of products and services; renewable energy and infrastructure materials and services. The company serves the plantations, oleo chemical, petrochemical and power generation industries. It also manufactures large diameter spiral steel pipes in Malaysia. Geographically the company is spread across Malaysia, Europe, India, China, Australia, Canada, Middle East, East Asia, Africa, and Latin America.
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  3 people like this.
 
Daily8 fuiyoh. up up hurray
13/11/2019 10:26 PM
toypoodle Target price 1.5 hahaha
14/11/2019 1:09 PM
junetan11 i am out on price 1.3
happy earning to everyone.
18/11/2019 10:11 AM
tanrich ya. Don't be so greedy
18/11/2019 10:54 AM
toypoodle Yes yes yes TP 1.50
18/11/2019 11:56 AM
Wong Kah Wei Wait 1.42
18/11/2019 12:47 PM
toypoodle Refuelling for 1.5 hahaha
19/11/2019 11:08 AM
junetan11 bad result oh
21/11/2019 5:48 PM
Collin Soo Can get at 1.00 tomorrow?
21/11/2019 11:01 PM
cheoky If 1ringgit can't get maybe can get it at rm2
24/11/2019 10:28 AM
Monte 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.
24/11/2019 9:20 PM
Penarak The Movers from 0.60 to 1.30 appear to have gone off for a well deserved vacation .
29/11/2019 2:17 PM
PresidentRotiCanai Good volume and price coming
02/12/2019 9:04 PM
PresidentRotiCanai Ah seong coming
02/12/2019 11:31 PM
PresidentRotiCanai 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
02/12/2019 11:48 PM
06/12/2019 12:00 AM
PresidentRotiCanai CPO up, should beneficial to waseong as well
06/12/2019 12:47 PM
William Ng 1.21 now, can buy?
07/12/2019 3:50 PM
cheoky telling my frds this is a boiling bull maybe i m wrong...
08/12/2019 11:49 PM
PresidentRotiCanai Rest for few days, waiting to up soon
09/12/2019 11:53 PM
PresidentRotiCanai RSI flat and heading up. MA9 and MA6 golden cross. Lai liao
10/12/2019 10:03 PM
MasterYoda bright future stock but tauke very kamsiap,no dividen at all ;(
11/12/2019 4:56 PM
Penarak https://oilprice.com/Energy/Natural-Gas/Americas-Last-Ditch-Effort-To-Stop-The-Nord-Stream-2-Pipeline.html
13/12/2019 2:05 PM
david81 Suddenly bounce back when everyone expecting it to continue downtrend.
18/12/2019 9:46 PM
James James Waseong is in the process of winding up?
06/01/2020 4:07 PM
speedlikecy Breakout with volume
14/01/2020 7:00 PM
Daily8 not bad today.
14/01/2020 9:08 PM
Primeinvestor Goodbye my lovely wahseong
18/02/2020 7:15 PM
gemfinder Wow. Wat a,negative surprose. Gap down tomolo
18/02/2020 7:48 PM
fstex Die smelly... RIP
18/02/2020 7:56 PM
c2k9791 Bomb......-X X-
18/02/2020 8:24 PM
david81 Future is bright, so it may not be that bad tomorrow
18/02/2020 10:11 PM
CUTLOST Wow.. Mana mau unload esok nie.. Satu lori penuh contract note nie.
18/02/2020 11:27 PM
sell Manipulated ctr. QR loss why operator close eye?
20/02/2020 5:07 PM
sell david81 operator?

david81 Future is bright, so it may not be that bad tomorrow
18/02/2020 10:11 PM
20/02/2020 5:08 PM
Susan13 waseong 23/2/2020 after the qr bomb kicked in , tested a double bottom at 1.230 and rebound strongly here, 1.400 is the first target followed by 1.460

Join us at telegram Newbie Trading Channel & fb for more stock review and discover
potential stock tgt!
23/02/2020 8:51 AM
wan Hey Guy ...
oil n gas counter heavy losses , buy Netx up 1-2cent will cover back .
09/03/2020 11:26 AM
Penarak A great buy at 0.78 , provided it does not fall further tomorrow .
09/03/2020 2:06 PM
$$$ ^v^ GOODLUCK ^v^ $$$ limit down 30%
09/03/2020 4:07 PM
James Ng 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
26/03/2020 9:41 AM
Will76 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.
30/03/2020 10:14 AM
johnbrooks 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.
31/03/2020 12:33 AM
tkl88 As at 1.47am,
Nymex=> $19.89 ‪(-1.62) (-7.53%)‬
‪Brent =>‬ $26.04 ‪(-1.91) (-6.83%)‬
31/03/2020 1:51 AM
tkl88 As at 2.05am,
Nymex => $19.57 ‪(-1.94) (-9.02%)‬
Brent => $25.75 ‪(-2.20) (-7.87%)‬
31/03/2020 2:11 AM
tkl88 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.
31/03/2020 3:22 AM
tkl88 Dow Jones closed at=> 21,917.16 (-410.32) (-1.84 percent)
01/04/2020 4:43 AM
kisahbenarbro 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.
01/04/2020 3:01 PM
tkl88 As at 4.29pm,
Nymex=> $20.09 (-0.39) (-1.90 percent)
Brent => $24.91 (-1.44) (-5.46 percent)
01/04/2020 4:32 PM
johnbrooks 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).
01/04/2020 5:50 PM
tkl88 As at 10.03pm,
Dow Jones at=> 21,164.67 (-752.49) (-3.43%)
01/04/2020 10:07 PM


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