Last Price Today's Change   Day's Range   Trading Volume
0.775   0.00 (0.00%)  0.77 - 0.79  853,000
Analyze this stock with MQ Trader system


Market Cap: 601 Million
NOSH: 775 Million
Avg Volume (4 weeks):1,916,545
4 Weeks Range:0.74 - 0.875
4 Weeks Price Volatility (%):
52 Weeks Range:0.50 - 0.875
52 Weeks Price Volatility (%):
Average Price Target: 0.87
Price Target Upside/Downside: +0.095
Stamp duty exempted for year 2023

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#4]  |  23-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  23-May-2023
T4Q P/E | EY: -95.34  |  -1.05%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.7494  |  1.03
T4Q NP Margin | ROE: 1.61%  |  -1.08%


Date Subject
14-Mar-2023 Oil & Gas - Record FY22 Profit for Petronas
24-Feb-2023 Wah Seong Corporation Berhad - Limited Scope
24-Feb-2023 Wah Seong Corporation - A Strong Finish for FY22
10-Feb-2023 MQ Market Updates - 10 February 2023
27-Jan-2023 Traders Brief - Still Upside Bias to Re-capture 1,500 Level
12-Dec-2022 华商应声走高 攫5.6亿合约
09-Dec-2022 MQ Market Updates - 09 December 2022
09-Dec-2022 Trading Stocks - Wah Seong Corporation
09-Dec-2022 Local O&G Sector to Benefit From Higher Petronas Capex
08-Dec-2022 【行家论股】华商控股 未完成订单36亿
08-Dec-2022 MQ Market Updates - 08 December 2022
08-Dec-2022 Wah Seong Corporation Berhad - Growing Orderbook
08-Dec-2022 Wah Seong Corporation - Bags a RM558m Job From Yinson
08-Dec-2022 Wah Seong Corporation - Topside Module Contract From YINSON
08-Dec-2022 Mplus Market Pulse - 8 Dec 2022
08-Dec-2022 Wah Seong Clinches RM557.65 Mil Contract From Yinson
25-Nov-2022 MQ Market Updates - 25 November 2022
05-Sep-2022 PublicInvest Research Headlines - 5 Sept 2022
05-Sep-2022 Mplus Market Pulse - 5 Sept 2022
26-Aug-2022 Wah Seong Corporation - Contribution From EACOP Kicking in

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.
Trade this stock for as low as 0.05% brokerage. Find out more.

  3 people like this.
Goodlucktoyou buy buy buy
02/12/2022 4:51 PM
ychong88 hahaha......
02/12/2022 7:35 PM
goldmans Hahaha..no need so fast also nevermind..as long as slow and steady..hehe
05/12/2022 2:13 PM
Goodlucktoyou fast fast lo....locked at 0.85 for years.......rocket..rocket..rocket...
05/12/2022 4:16 PM
ychong88 we need angpow for huat huat huat......fast fast fast
05/12/2022 4:18 PM
thesteward https://www.theedgemarkets.com/article/wah-seong-clinches-rm55765-mil-contract-yinson
07/12/2022 7:16 PM
thesteward Tomolo can gap to limit up bo ?
07/12/2022 7:17 PM
ychong88 hahaha.......i dun think so......this counter never limit up before
07/12/2022 9:36 PM
fooming Wah Seong Corp Bhd has secured a contract worth US$127.09 million (RM557.65 million) for the supply of certain floating production storage and offloading (FPSO) modules by Yinson Holdings Bhd. Its indirect wholly-owned subsidiary WS Engineering & Fabrication Pte Ltd was awarded the contract by Yinson's unit
08/12/2022 9:19 AM
fooming Yinson Azalea Production Pte Ltd. The scope of work involves engineering, procurement and construction of certain FPSO topside modules, and is expected to be completed within 24 months.
08/12/2022 9:20 AM
Goodlucktoyou ini kali lah....come come..
08/12/2022 9:48 AM
ychong88 yes.......still waiting
08/12/2022 9:48 AM
Penarak At 0.645,still can buy
08/12/2022 11:47 AM
Goodlucktoyou buy...buy...buy....
08/12/2022 1:53 PM
ychong88 no more bullets.......still waiting release from this counter
08/12/2022 1:54 PM
ychong88 road block at 670, manage to break it ?
09/12/2022 10:23 AM
ychong88 new resistance at 0.70
15/12/2022 10:04 PM
terence775 Future is bright for waseong. PM me for my articles that I can't share here
28/12/2022 8:45 PM
ychong88 price no move....speechless
05/01/2023 3:33 PM
Why2TellMeWhy gogogo waseong. Wasco Energy is top 5 in the world in global pipe coatings! HODL!!!
10/01/2023 3:47 PM
ychong88 volume coming....gogogo.....
11/01/2023 10:30 PM
Why2TellMeWhy tp 3.0 can?
11/01/2023 10:55 PM
ychong88 hahaha.......hopefully can
12/01/2023 11:41 AM
Why2TellMeWhy HODL!!! Great company at fair price.
12/01/2023 12:06 PM
quinriver RM4b orderbook for RM500m market cap company. Cheap cheap.
16/01/2023 12:12 PM
ychong88 cheap...but the price no move
16/01/2023 1:53 PM
Why2TellMeWhy giving us chance to add. gogogo waseong
16/01/2023 4:46 PM
ychong88 hahaha.....add until no more bullets...still not yet up
16/01/2023 5:36 PM
Why2TellMeWhy Operator collecting. Hehe
17/01/2023 10:00 PM
ychong88 waiting..................................................
18/01/2023 10:09 AM
Why2TellMeWhy TP3.0 gogogo
18/01/2023 2:19 PM
ychong88 hahaha......possible ka ??
18/01/2023 3:29 PM
Why2TellMeWhy Why not? 3.5 bil book order and 5% net profit cukup, 774M shares and PE15. That's 3.39 heheh
18/01/2023 3:44 PM
Why2TellMeWhy lets break above 0.71 gogogo
25/01/2023 12:24 PM
Why2TellMeWhy gogogo Waseong. Lets break 0.82 cents!
26/01/2023 4:27 PM
ychong88 finally..............yeah.....gogogo
26/01/2023 5:07 PM
Why2TellMeWhy hehe, ychong88... wait for it to break 0.82 cents first. then we cheer for 0.93. more and more people will join here.
27/01/2023 4:15 PM
ychong88 sure....waiting.......gogogo
30/01/2023 9:39 AM
tanrich Qatar NFXP project awarded to Wah Seong? About US$100M. After that Malaysia Rosmari coming in. Looking good year of rabbit!!!
31/01/2023 5:05 PM
trader808 1. In the last 3 years Waseong had a spectacular fall from 1.45 in mid 2020 and hit bottom at 40 sen in 2021. Thereafter, it consolidated within a range of between 55 sen sen to 80 sen until July 2022.

2. Since then, the counter has staged a mini bull run and a confirmed uptrend supported by the announcement of project and award in the oil & gas industry from Yinson which is valued at 557.6 m.

3. The uptrend and its 1st leg began at 55 sen and soared to reach 68 sen for a gain of
13 sen. The 2nd leg which is a correction leg saw the counter retracted to 62 sen. That is a decline of 6 sen or 46%.

4.Early Jan it resumed its uptrend and kicked into the 3rd leg which is an up leg. Price has moved from 62 sen,and decisively broke the resistance at 68 sen and aggressively pushed upwards to reach an intra-day height of 77.5 sen to close the day at 75 sen which was down by 1.5 sen.
5. Technically, the trading day on 31st Jan is represented by a prominent red bar in the candle stick chart. This red bar is known as the 1st day reversal of the 3 leg uptrend. Those who rely on technical analysis to trade would have sold at 75 sen before market closed.
6.If there is any truth with technical analysis it also means the 4th leg which is a correction leg has kicked in yesterday. How much is the correction and by how much price will fall before its resume its uptrend and accelerate into the 5th leg.

7. The 2nd leg retraction was 46% but the 4th leg retraction would usually be mild because the uptrend has been confirmed and advanced into it course. Investors are conscious and aware of the project, company prospects and future earnings.

8. Many will hold onto the shares and endure the fall. If this observation is served as a guidance share price would arbitrarily retract milder say 35%.
Now, 35% of 15 sen is 5.5 sen. If you take 77.5 sen minus 5.5 sen that would mean 72 sen .
9. Technically, it will hit 72 sen or maybe slightly lower before the counter will resume its 5th leg uptrend. From thereon it can possibly go sky high unless impacted by a fundamental change that has a material impact on the profit performance and earning per share.
10. This is my personal perception and technical opinion of the counter and it is not intended to influence your trading strategy and investment plan.
02/02/2023 12:07 AM
kmohan62 This co has got some good management team...with projects flow..it will climb slowly but surely...
02/02/2023 12:32 PM
trader808 1.Today waseong opened and raised strongly during the trading session. It opened at 75 sen and reached an intra day high of 81.5 sen and thereafter experienced a massive sell down to close flat at 75 sen over huge volume exceeding 24 million shares.

2. In the candlestick chart the price movement and trading takes the shape and pattern of a shooting star or invert hammer.

3. Shooting star is a bearish candlestick in an uptrend as in Waseong. Clearly, profit taking has set in and the uptrend has lost and continued loosing its upwards momentum.

4. The implication of a shooting star signify that a reversal pattern has begun and will accelerate in the coming days.

5. Further selling and weakness in price is realistically expected.

6. Technical has prominently overshadowed fundamental.
02/02/2023 5:32 PM
Penarak Look like Unkle Elvis has left the Building .
03/02/2023 6:15 PM
ychong88 Wah Seong to see strong recovery in O&G activities | https://www.klsescreener.com/v2/news/view/1108471
10/02/2023 12:33 PM
Penarak Unkle tui liao...
13/02/2023 1:03 PM
ychong88 fake rebound ?
21/02/2023 4:33 PM
Why2TellMeWhy holy smokes! 48M losses?
23/02/2023 11:51 PM
Income https://youtube.com/shorts/P8KoMbR0kHo?feature=share
Public backlash?
24/02/2023 8:28 AM
Davidl Uptrend towards 1.10
01/03/2023 2:26 AM
ychong88 walk very slow like turtles.......up 1 bit back 2 bits....sien
08/03/2023 10:20 AM

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