Waseong is building the gas pipe financed by the project owner n gas supplied from Russia and the gas fields are operated by multi national co's ...shell etc..it does not mater what ever oil price is...
Very difficult to move until it can show good results. Unless you are willing to buy and keep it for at least 1 year otherwise better to play other active counters
it is on the uptrend now ... expect some profit taking in next few days.... and if it can stay on support above 0.94 then shud be able to break 1.00 soon
"On prospects, Wah Seong said its orderbook "remains healthy" and that despite the challenging environment, it has been able to replenish its orderbook as it executes orders in hand.
Its orderbook amounted to RM3.7 billion, with the bulk or RM3.5 billion for O
2 days closed with hammer, seems like there are certain buyers collecting it and supporting the price...
Based on Company comment on their prospect: "Barring unforeseen circumstances, the Group expects a better performance for the financial year ending 31 December 2017" ... they might be anticipating good Q3/Q4 results?
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 > 2017-06-19 17:46 | Report Abuse
crude oil continue to drop. wonder how it will be affecting waseong.