not really as wah seong has a very diversified business. I know palm oil price is low but yet they still making money in palm oil section by supplying some sort of machinery or hardware.
Malaysian oil and gas (O&G) companies are not directly afflicted by the oil price volatility, as they are service providers with operations in various segments along the value chain, according to CIMB Research.
very slow in rebounding due to the oil sentiments..need a lot of patience to wait until oil price recovered....low oil price will cause less new project from O&G. a direct hit to WaSeong on potential forecast revenue.
Good company but not so for investors and traders. One of the biggest disappointments for me, along with Mudajaya. Wah Seong essentially missed the oil & gas bull run from 2013 to mid-2014, maximising at just slightly over 2.00 when most other counters added 100% or more. But when the O&G counters started sliding, it also followed!
Crude oil prices are likely to average between US$65 and US$70 per barrel in June this year, on the back of growing demand from India, China and Africa, says former finance minister Tun Daim Zainuddin.
this week focus magazine write something very good on ah seong. focus magazine very cunn one. you will regret if don't buy one before ah seong reach 1.50
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
titus
4,159 posts
Posted by titus > 2014-12-22 10:34 | Report Abuse
yes. Hope the uptrend continue.