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Overview
Financial Highlight
HeadlinesBusiness 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.
  Vincent8864 Just follow the Italian Mafia buy timing. So far price going up after Mafia bought the stock. 20/09/2023 11:52 AM Why2TellMeWhy contract on hands stretch into 2025 dy. tenderbook ballooned to 7bil. so many projects to bid. HODL gais!!! 20/09/2023 3:10 PM Why2TellMeWhy omg. uptrend signal mari means correction coming. huhu. steady gais. look like need to wait longer. 22/09/2023 3:22 PM Vincent8864 Wasco already standing firm above MYR 1.00 out of penny stock. New projects announcement coming very soon. In Oct should have new project. 26/09/2023 12:05 AM CyrusQ Medusa Runnnnnnnnnnnnnnnnnnnnnnnn This counter related to Tengku Kikiki… 1 week ago # Which Tngku ? 04/10/2023 3:24 PM Why2TellMeWhy nothing to do with PMX lah. correction onli. wait for correction to finish. 06/10/2023 3:36 PM Vincent8864 Sold land with almost 400% gain!! https://www.klsescreener.com/v2/news/view/1216491 13/10/2023 5:05 PM Vincent8864 Long time no project announcement. Good warming up! More to come! https://www.thestar.com.my/business/business-news/2023/10/24/wasco-unit-secures-rm161mil-contract-from-schneider-electric-france 24/10/2023 9:34 PM suregoup https://www.temasek.com.sg/en/news-and-resources/news-room/alerts/2023/Impersonation-Temasek-senior-executive-WhatsApp 27/10/2023 10:47 PM Vincent8864 Big boss also top up recently! Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATO' SERI ROBERT TAN CHUNG MENG | https://www.klsescreener.com/v2/announcements/view/5798745 03/11/2023 7:49 PM Vincent8864 Land disposal recently for consideration of RM 40 million, disposal gain about RM30 million. Use to repay load and as working capital for new projects! TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS | https://www.klsescreener.com/v2/announcements/view/5804583 03/11/2023 7:51 PM Vincent8864 Open on WASCO`s 1 year chart, you will find a 45° uptrend line. Consistently moving up. QR report is coming maybe within this week, more project construction progress recognized in this quarter. The results is expected a good one. 20/11/2023 11:02 PM Vincent8864 3 consecutive quarter recorded profit! Well-done WASCO ! Quarterly rpt on consolidated results for the financial period ended 30/09/2023 | https://www.klsescreener.com/v2/announcements/view/5975435 29/11/2023 10:53 AM Vincent8864 Congratulations! Wasco back to 1.00. let's challenge the next level ! 29/11/2023 4:01 PM MrHuangBK Auntie Felicia.. why change name to Vincent? I thought you very proud of Felicia 😂😂😂😂 29/11/2023 4:09 PM MrHuangBK Wah.. Auntie Felicia.. PE 31x also you promote ka? Somemore no dividend V shape recovery also? 😁😁😁 29/11/2023 4:18 PM Vincent8864 Congratulations to thus holding Wasco from RM 0.5x almost 100% gain!! Analysts upbeat on Wasco’s outlook after 3Q earnings meet expectations | https://www.klsescreener.com/v2/news/view/1240587 29/11/2023 5:07 PM Vincent8864 Auntie Huang jealous ke? This counter moving on 45 degree up trend. Business is on the right track, expected more mega projects announcement soon. Current PE is just historical reference. Investors should look at future. 29/11/2023 5:26 PM MrHuangBK Since Auntie Felicia aka Auntie Vincent not sharing... First post in Wasco April 3rd 2023. Cost .79c Settled 29/11/2023 6:15 PM Vincent8864 Happy new year!!! Wishing you and your family a safe, healthy, and prosperous new year! 🎉🎉🎉 29/12/2023 10:06 AM Vincent8864 Today’s Stock Picks｜WASCO could rise 42% as demand for oil and gas picks up Chinapress Thu, Jan 18, 2024 09:11pm - 1 hour Brokerage: RHB Investment Bank Research Investment recommendation: Buy Target price: RM1.43 Closing price: RM1.06 (as of January 18) Earnings per share: 14 sen (estimated for FY2024) Price-to-earnings ratio: 7.44 times (FY2024) Year estimate) Dividend yield: - (FY 2024 estimate) ESG score: 2.8 points (out of 4 points) Thanks to the strong demand for floating production, storage and offloading vessels (FPSO) and natural gas projects, which has led to an increase in recent profit potential, order volume and bidding volume, we are optimistic about WASCO (WASCO, 5142, main board energy), with a target price of At RM1.43, it is expected that there is still room for growth of 42%. In the long term, we believe Huasike can seize the opportunities brought by the global energy transition wave and leverage engineering, procurement and construction (EPC) and pipe-coating capabilities to achieve sustainable growth in the bioenergy sector. As of the third quarter of 2023, Huasike holds orders worth RM3.6 billion, 92% of which are related to energy services, followed by bioenergy services (8%). The company is bidding for about RM7 billion in projects, mostly in the oil and gas sector in West Asia, Australia, Africa and Malaysia. 18/01/2024 10:40 PM Dehcomic01 Wasco is a Bursa energy services company with a volatile ROE over the past decade. It ranged from negative 34 % to postive 12 % with an average of negative 3%. Over the same period the ROE of my reference Bursa energy company – Dayang - ranged from negative 27 % to positive 22 % with an average of pos-tive 5%. https://ujianehc.blogspot.com/2023/12/dayang.html Wasco did not perform as well as Dayang. But Wasco 2023 ROE based on Sep 2023 LTM results show that it is around its historical high. And with the news about coming high crude oil prices, it may mean that the 2024 ROE will also be good. When you compare Wasco ROE trends with the market price, you can see a reasonable correlation. But the current market price has yet to reach its historical high. Is this a short term investment opportunity? https://i.postimg.cc/TYTvSy6J/Wasco.png 19/01/2024 8:48 AM Vincent8864 WASCO already RM1.25 congratulations to thus bought below RM 0.60!!! 100% gain already!😊😊😊 31/01/2024 6:53 PM Why2TellMeWhy HODL. hehe. 2.00 after 1.50. Correction no problem. Janji don't break below 1.0 14/02/2024 9:55 PM Vincent8864 WASCO posted highest revenue 800 million and highest profit 35 million since Dec 2017. On 28th Feb 2018 WASCO reported the highest revenue, highest profit ever for QR ending Dec 2017. Share price peak at RM 1.65 and moving south after the peak. This round how far the share price could go?? 27/02/2024 7:16 PM  |
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