The Board of Directors of Wah Seong Corporation Berhad (“WSC”) is pleased to announce that further to its announcements as follows:-
an announcement made on 9 July 2016 in relation to the tender awarded by Nord Stream 2 AG to its pipe coating business unit, Wasco Coatings Europe B.V. (“WCEu”), an indirect wholly-owned subsidiary of WSC incorporated in The Netherlands for the provision of concrete weight coating and storing of pipes for Nord Stream 2 Project; and an announcement made on 11 August 2016 in relation to a Letter of Intent signed by WCEu and Nord Stream 2 AG to commence mobilization of works for Nord Stream 2 Project pending the finalization of a formal contract to be signed by WCEu and Nord Stream 2 AG, WCEu has signed the contract with Nord Stream 2 AG (“Contract”) on 6 September 2016 and the contract is valued at approximately EURO 600 million (equivalent to RM2.726 billion based on the exchange rate of EURO 1.00 to RM4.5442).
when i ask to buy back in june everyone said cheater and con man. company losing money almost quarters bla bla bla. now 2.7b can dont need to tender new project for 4 years. congrats to those who bought in.
thats why they are called anal lyst. wakakaka. dont rush. u will just not make money. i bought at 0.88 and sold at 0.91 also make money already. that time u were constructing ur comment here. bahaha. wakakaka
08 September 2016 | Corporate Update Wah Seong Corporation Berhad Maintain Trading Sell Nord Stream 2 official contract win announced Unchanged Target Price (TP): RM0.68 INVESTMENT HIGHLIGHTS • Wah Seong Corp (WSC) announced the official contract win of the Nord Stream 2 project • Total contract value is approximately EUR600m or RM2.7b • Current orderbook stands at RM3.52b • Maintain Trading Sell with an unchanged TP of RM0.68 • Near term share price weakness seen from poor earnings
Haiyaaa...you ask opinion.....I give opinion lah......no need to follow maaaa....use your own judgement lorrrr.......I don't ask you to follow MIDF maaaaa........ha...ha,,,,ha....
Shafi Awong.....haiyaaa......no need to wait for harga to turun lorrrr.....you very confident maaaa......just BUY lorrrr.......myself chicken out oredi maaa.....I oredi follow Public lorrrr.....to sell at 0.94.....now I follow MIDF lorrrr wait below 0.68 lorrrr....good luck lorrr.......ha...ha...ha
dragonslayer, ini project tak sedap lah, si goreng tu naik tak naik, turun tak turun, aku tak suka macam tu lah!, jom kita klita beralih ke stok lain ya.
Our Outperform view on Wah Seong continues to be strengthened, with an unchanged TP of RM1.08 is based on 8 times price-to-earnings (PE) multiple on FY17F EPS of 13.5 sen.
I noticed the bosses was collected a lot in past fews day. That huge amount of shares. It's don't look like collection to encourage retailer to support their share. It's seem like something that they are foreseen that company future will be back to right track. Anything drop to 0.850 is a great buy.
Ithink there might be announcement soon. Something gd coming like bank lending solve or some project coming in soon. Or perhaps loose making plantation sold off. I just guess only. Dt take it serious.
The worst period for wah seong is over. Wah seong just been recently award 2500 km Nord Stream 2 project. The job is to provide concrete coating to oil and gas linepipe which is the core bisness of wasco. The project period is 3 years. If you look to the history of wah seong, the most powerful made money is this concrete coating job. Now the share price is below 1.00, sure the director want to collect more before it surge to higher after a few months. “More low more boss collect.”
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....
BudakXPandai
39 posts
Posted by BudakXPandai > 2016-09-07 08:58 | Report Abuse
The Board of Directors of Wah Seong Corporation Berhad (“WSC”) is pleased to announce that further to its announcements as follows:-
an announcement made on 9 July 2016 in relation to the tender awarded by Nord Stream 2 AG to its pipe coating business unit, Wasco Coatings Europe B.V. (“WCEu”), an indirect wholly-owned subsidiary of WSC incorporated in The Netherlands for the provision of concrete weight coating and storing of pipes for Nord Stream 2 Project; and
an announcement made on 11 August 2016 in relation to a Letter of Intent signed by WCEu and Nord Stream 2 AG to commence mobilization of works for Nord Stream 2 Project pending the finalization of a formal contract to be signed by WCEu and Nord Stream 2 AG,
WCEu has signed the contract with Nord Stream 2 AG (“Contract”) on 6 September 2016 and the contract is valued at approximately EURO 600 million (equivalent to RM2.726 billion based on the exchange rate of EURO 1.00 to RM4.5442).