Wah lau........all negative,,,fair value oso negative....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5137105

Wahh...lau!!...Uptrend worrr...kolek...kolek...kolek...ha...ha..ha

Oil price going up....

Upgrade to Outperform. We have rolled over our TP to RM0.94 pegged to 8x PE and FY17F EPS of 11.7sen. The stock is undervalued at current levels, trading at fwd-PE of 5.8x for FY17F and with limited downside should see some positive reflections in its price levels. Going forward the Group has also identified job tenders in various regions such as North America, Latin America, Europe and Africa.

Source: PublicInvest Research - 31 May 2016

WAH SEONG CORPORATION BERHAD - More Excitement Going Forward
Author: PublicInvest | Publish date: Wed, 1 Jun 2016, 10:34 AM

Wah Seong’s 1QFY16 performance continues to be affected by current market conditions plaguing the O&G sector thus seeing further deferment of capex activities. Revenue registered RM340.9m (-34.8% YoY, -23.9% QoQ), with earnings at RM2.4m (-91.1% YoY, ->100.0% QoQ). We are however upgrading our recommendation on Wah Seong to Outperform, with a rolled over TP of RM0.94 pegged to 8x PE and FY17F EPS of 11.7sen. We concede that the Group has limited downside risks, despite experiencing a lack of contract replenishment, has effectively improved its operational performance with a higher GP margin of 14.5% (+7% YoY) amidst this challenging period. We maintain that Wah Seong’s performance has been affected by the oil price sentiment and not due to its execution capabilities, and is poised for better prospects 4QFY16 onwards with the expected contributions from its recently awarded pipe-coating work for the USD39.5m Johan Sverdrup Export Pipeline Project (JoSEPP) by Statoil ASA Norway and c.USD74.0m JV contract for the insulation coating protection for deep water, offshore insulation project in the Gulf of Mexico. We anticipate that awarding of new contracts could still be slow, but the Group is the leading contender in the pipe-coating space when the O&G market begins to see its recovery.

Declining orderbook. Wah Seong’s current orderbook stands at RM715m (Dec 2015: RM894m), comprising of 52% O&G contracts, 31% renewable energy (RE) and 17% industrial trading and services (ITS). The Group has an RM5.0bn tenderbook constituting RM4.0bn of O&G projects, predominantly from international scopes. We understand that these tenders are c.90% pipe-coating jobs for shallow waters. We are positive on the outlook of Wah Seong considering its standing as one of the 2 leading pipe coaters globally and who are often strong contenders for any award thus having a higher chance of securing more contracts 2HFY16. Due to the uncertain oil price landscape, it is difficult to determine the timeline of new awards going forward however and thus could continue to hinder the Group’s activities in the medium term.

Updates. Wah Seong’s JV plant setup in India and Canada is targeted to complete towards end-2QFY16. Following this, the Canadian operations are assumed to have immediate sizeable contracts with its prominent partner. In the meantime, the Group continues to identify various options to divest its plantations division. The slowdown of activity coupled with dilution of stake to 48% would see smaller losses from this division going forward.

Upgrade to Outperform. We have rolled over our TP to RM0.94 pegged to 8x PE and FY17F EPS of 11.7sen. The stock is undervalued at current levels, trading at fwd-PE of 5.8x for FY17F and with limited downside should see some positive reflections in its price levels. Going forward the Group has also identified job tenders in various regions such as North America, Latin America, Europe and Africa.

Source: PublicInvest Research - 31 May 2016

What?.....Rose is here kah?....Kolek...kolek..kolek 1000x.......don't miss the rocket......ha...ha...ha...

wa lau.....everyone is going to be insane worrr......building up strength......ready to attack worrrr.....ha..ha...ha

Fair value...1.42 worrrr....kolek..kolek..kolek....ha...ha...ha

They block we attack.......ha....ha...ha...

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martin555 artificial block is build , just for movies , any time remove , road past avoid , shoot racing focus red heart , which 0.125 , 0.15 or 0.17 , depend .
29/06/2016 08:53

maybe can go above 0.37 worrrrr......ha...ha...ha

out perform stock in the making worrr.......ha.....ha..ha...

if you sell...you will miss the boat worrr....sure or not...uptrend now worrr.....ha...ha...ha

look very good worrr.......can spike anytime worrrr...must stanby worrrr....24 hours worrrrr.....prepare bomb..grenade..atom .....ha..ha...ha

uptrend again worrrr......looking good worrrr.....

Aiyooo...chart bearish worrrr.....careful worrr.......

Wa lau...now confident again.......ha...ha....ha....ki..ki...ki......I oso confident can break 0.30....attack..must attack or you will be attack.....ha...ha...ha

wa lau...must attack....cannot wait....or else hostile take over.....ha...ha...ha

looking good worrr......

must attack.....cannot wait worrr.....send in your best squadron worrr....ha..ha..ha

kolek..kolek...kolek.....sure fly to the sky....ha...ha...ha...

if you chai the number can become....2.60...2.06.....0.26...0.62...6.20.....can pau worrr...ha...ha...ha
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healme kemon 2.60
28/06/2016 12:01

wahhhh...good worrrr...must attack.....use MIG...F-21.....Atom..nuclear....ha...ha..ha....

aiyooo...cannot wait for you worrrr....anytime worrrrr....waiting only worrrr....how lehh?

sure or not.....looks like want to fly worrr....ha..ha..ha

Aikk....now no confident oredi.....you said can limit up many times.......ha...ha....ha...ki..ki...ki

wahhhh....you very confident worrr........ha...ha...ha

haiyaaa......nothing is solid this days worrrr.......everything is so fragile maaaa.......waits and see lorrr...brexit lah.....frenchsxit lah ....all kind of sxit lah.....

good write up...kudos

haiyaaa...pump and dump kah?.....still stop loss 2.25 level worrr.......

Can bottom fish kah?...0.02 sen....

Good volume worrr.......Use nuclear bomb lah...atom outdated oredi worrr....ha...ha...ha

Ya lorrr...I was observing too worrr...very tempted worrr...how can shoot to 0.50 sen kah?.....ha...ha...ha..

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martin555 if u a expert , u see the pattern , first , syndicate give u a wrong impression , crash , they throw their chips , test market at 0.045 , let u panic , reaction see , nobody sell , all chips is their , suddenly turn queue , they buy back on spot , from here , i see the positive trend , this stock , in short term , burst to break roof top will board cast , watch !
27/06/2016 15:32

haiyaa...bro kukumanis......waiting for 0.99 like durian tak mahu jatuh worrrr....you push down the price lorrrr......ha...ha...ha....

can touch 0.05 sen kah?...brexit worrr....

Wa lau......Sedania BREXIT proof worrr...kolek..kolek.....ha...ha...ha

i think will rebound anytime......kolek..kolek...ha..ha..ha

is 0.05 the floor price?

walauuu......kolek..kolek...kolek.....cheap...cheap.....analyst target price consistent with Travolta keong.....ha...ha...ha...

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travoltakeong BUY 0.27> Target1: 0.3 > Target2: 0.33 > Target3: 0.39 > Target4: 0.43- 0.79
23/06/2016 08:14

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3) ASIA POLY HOLDINGS; Technical BUY with +41.1% potential return
*Last: RM0.265 Target: RM0.345, RM0.395, Stop: RM0.230
*Timeframe: 2 weeks to 2 months

For full report, please log in to www.utrade.com.my
24/06/2016 13:54

How?.....can kolek kah?

==================================

Posted by travoltakeong > Jun 17, 2016 06:27 PM | Report Abuse

Board: ACE Market
Sector: Technology
Avg Volume (4 weeks): 1,232,240
4 Weeks Range: 0.30 - 0.395
52 Weeks Range: 0.30 - 0.66
Average Price Target: 0.575.

Ya lorrr...this share can kolek one lorrrr....director oso kolek at 0.265...700,000 units maaaa......que...que,..kolek...kolek...ha...ha...ha

Wa lauu...Director sapu 100.000 unit at 0.314.......ha...ha....ha

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5112321

Acquired
31/05/2016
100,000
0.314

Circumstances by reason of which change has occurred Acquisition of shares in open market.
Nature of interest Direct Interest.
Consideration (if any) RM0.314 per Share.
Total no of securities after change

Direct (units) 8,986,560
Direct (%) 4.493
Indirect/deemed interest (units) 100,176,440
Indirect/deemed interest (%) 50.090
Date of notice 31/05/2016

use vacuum lah....you use sapu how to go up lehhh......ha...ha...ha

Haiyaaa ....nobody want to sell lah....operator push down 0.05 sen later push up 0.50 sen......kolek...kolek....ha...ha....ha...

kolek...kolek...kolek.....follow operator.....follow director...ha....ha..ha

can delist kah?...ha....ha...ha

can vacuum kah?......ha...ha...ha

operator pushing down price...kolek...kolek...kolek...ha...ha....ha

Dividen in oredy...can celebrate.....kolek..kolek......ha...ha...ha.....

ya lorrr....sure untong worrr.....kolek ...kolek....ha...ha...ha

....IPO price was 0.38 kah?.....harga runtuh worrr....very good discount worrrr....how?....can kolek kah?.....ha...ha...ha

Wahhhh....can kolek worrrr...good worrrr.....ha...ha..ha

Haiyaaa......Director already kolek 7,000 lots (700,000 units) worrrr....sure ok one......follow director maaaa.....some more kolek at 0.265....kolek..kolek..kolek.....ha...ha...ha