It is Time to break another new high!

Wellsay swiftwind!

Initiate coverage with buy and a target price (TP) of RM1.35: Our TP of RM1.35 is based on 12 times fully diluted financial year 2018 (FY18) earnings per share (EPS), which is the sector’s weighted average price-earnings for small-cap players. After two years in the doldrums amid the collapse in crude oil prices and a dwindling order book, earnings are poised to rebound from FY17. The turnaround was set in motion following the award of a €600 million (RM3 billion) pipe-coating job for the Nord Stream 2 (NS2) project. On the back of a total order book of RM3.5 billion, we forecast an earnings per share (EPS) compound annual growth rate (CAGR) of 22% for the FY17 to FY19 period. With more stable crude oil prices, demand for pipe-coating and engineering services for the oil and gas sector should improve going forward as we pencil in a modest annual replenishment assumption of RM200 million. In addition to an improved earnings outlook, Wah Seong is also looking to pare down its over-leveraged balance sheet (1.07 times net gearing as of June 30) by disposing of non-core assets, including its loss-making 49%-owned plantation in Congo.

Earnings recognition of the NS2 project will accelerate from the second half of FY17 onwards as coating activities have progressed to double shifts during the period. The progressive earnings delivery and consensus earnings (below our estimates) upgrades will act as share price catalysts.

Amid the oil price recovery and eventual return of upstream activities, a stronger than expected order book replenishment will further rerate Wah Seong. Furthermore, progress in its non-core assets divestment exercise will also be a boost.

Wait for qtr result 1st!

Correction haven't over yet, be patience.

Turn around story in de making!

Still early to judge for a turnaround story, better wait & c.

Perhaps dunspace knows something that we dun!

Better not to catch falling knife now!

Worrying about increasing of raw material cost, same trend with geshen!

Would qtr report surprising us?

Better than expected Qtr results to be released soon!

Time to break new high!

New high coming soon?

It is time for empire strike back!

Uptrend now!

Old Jacky no power!

The empire strike back?

Patiently wait at 70cts

dunspace dunspace

Excited month coming!

Foreign funds selling, let them sell 1st.

Time will tell, be patience guys!

Mudajya理应可以争到一杯羹!

Time to accumulate, not time to all in! Very soon we shall know whether right or wrong, don't worry!

5b allocation for green tech! Time to accumulate!

Funds will switching from Liihen to Pohuat, be ready guys!

Market sentiment seems like start turning good, be ready to chase high...

When market sentiment turns good, mpay should break new high!

Time to accumulate?

Waiting for 2nd wave

Time to create new high!

Thanks kevin5059!

Uptrend towards 15! Go Go Go!

Breaking 1.00 today!

Time to accumulate!

Only value at 1.00? At least 1.50lah guys!

Limit up! Go Go Go!

Time to rebound!

Wellsaid valuegrowth45!

Time to accumulate!

Empire strike back anytime fr now!

Time to show some Surprise!

More to go!

Safe to buy below 4.00!

Downtrend towards 0.65?

我倒是想了解自从流行Uber & Grab以后, 汽车销量会怎样? 我想公交既然方便了,还需要拥车么?

Yup, buy below 4.00 next week!

Downtrend towards 5cts again?

Special dividend? Dreaming!