WONG ENGINEERING CORPORATION

KLSE (MYR): WONG (7050)

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Last Price

0.23

Today's Change

-0.005 (2.13%)

Day's Change

0.23 - 0.235

Trading Volume

48,000


2 people like this.

1,737 comment(s). Last comment by stncws 2024-07-03 19:32

Ivan89

1,479 posts

Posted by Ivan89 > 2018-01-08 15:41 | Report Abuse

Dun miss the boat

Ivan89

1,479 posts

Posted by Ivan89 > 2018-01-09 12:02 | Report Abuse

2sen dividend otw

yingchai

428 posts

Posted by yingchai > 2018-01-09 13:34 | Report Abuse

Run, RM1.11 by today evening.....

Ivan89

1,479 posts

Posted by Ivan89 > 2018-01-09 13:50 | Report Abuse

Yingchai how u know

Ivan89

1,479 posts

Posted by Ivan89 > 2018-01-11 16:25 | Report Abuse

Patient is the key, one day will come

Ivan89

1,479 posts

Posted by Ivan89 > 2018-01-12 09:17 | Report Abuse

Waiting for the news from mgt

Posted by roslan2209 > 2018-01-12 10:07 | Report Abuse

buy, buy

Posted by roslan2209 > 2018-01-12 16:30 | Report Abuse

FA - Good, Last 3 QTY - Profit, PSAR - BUY, Float - 24%.

WM Niaga

1,406 posts

Posted by WM Niaga > 2018-01-12 16:46 | Report Abuse

Olrite Mr WONG!!!

Ivan89

1,479 posts

Posted by Ivan89 > 2018-01-24 11:13 | Report Abuse

1.30 otw

yingchai

428 posts

Posted by yingchai > 2018-01-29 12:56 | Report Abuse

1.05 coming......

Ivan89

1,479 posts

Posted by Ivan89 > 2018-02-23 12:26 | Report Abuse

Dividend coming. 2 cents dividend in March after agm

Ivan89

1,479 posts

Posted by Ivan89 > 2018-02-27 23:00 | Report Abuse

Next month, march

Patrick13

1,971 posts

Posted by Patrick13 > 2018-03-06 17:53 | Report Abuse

Fine. Grab @ 1.07.

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-08 14:44 | Report Abuse

Gogogo

tales029

102 posts

Posted by tales029 > 2018-03-08 17:28 | Report Abuse

TP 1.25?

Pc Tan

240 posts

Posted by Pc Tan > 2018-03-09 15:27 | Report Abuse

ah wong lai lioa tp 1.50

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-09 16:41 | Report Abuse

Good result coming

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-09 22:31 | Report Abuse

Quarterly report, haha

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-12 16:07 | Report Abuse

Should be good results, i hv confident

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-19 12:18 | Report Abuse

Result by tis week??

Patrick13

1,971 posts

Posted by Patrick13 > 2018-03-19 20:52 | Report Abuse

Shall be this Friday, same date as AGM.

Wei Hong

216 posts

Posted by Wei Hong > 2018-03-23 09:25 | Report Abuse

anyone at its AGM? can share some info from AGM?

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-23 09:56 | Report Abuse

Any news from agm?

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-23 10:41 | Report Abuse

Can't wait to see the good result

Posted by anonymous23 > 2018-03-23 11:34 | Report Abuse

so confirm is good result? very very good ??

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-23 17:23 | Report Abuse

As I said, good results out! 650% improve. Eps4.79,profit 4.389m, including one off gain 2.17m

Pc Tan

240 posts

Posted by Pc Tan > 2018-03-23 17:24 | Report Abuse

very good Q result,monday sure up at least to 1.30 if no limit up

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-23 17:29 | Report Abuse

Some one delete post for "lousy result" ,lol

Arlong

45 posts

Posted by Arlong > 2018-03-23 17:34 | Report Abuse

monday rocket up.woohoo

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-23 17:45 | Report Abuse

Enjoy coming 2sen dividend

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-23 17:56 | Report Abuse

2sen is the company dividend ex on 16/4, 20sen is capital gain next week, haha

UnicornP

2,852 posts

Posted by UnicornP > 2018-03-23 18:40 | Report Abuse

If no that one off gain 2.17m results baru syok. Now the results is almost same with last quarter only. Fully valued at around Rm1.15. No WOW factor..

UnicornP

2,852 posts

Posted by UnicornP > 2018-03-23 18:47 | Report Abuse

But prospect is quite nice la.
"Moving forward, the Group expects growth in revenue and profit to remain favourable with domestic demands continuing to be a key driver."
Maybe can goreng prospect.

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-23 21:30 | Report Abuse

Dun forget the construction work start this year, boost revenue and profit. The profit lessee due to some pre cost for construction work based on qr

scaniaz

325 posts

Posted by scaniaz > 2018-03-27 10:12 | Report Abuse

wongsss!!! :))

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-27 12:14 | Report Abuse

I believe that this is a growth stock

Pc Tan

240 posts

Posted by Pc Tan > 2018-03-27 12:46 | Report Abuse

i prefer this is a pump n dump stock

Ivan89

1,479 posts

Posted by Ivan89 > 2018-03-27 16:28 | Report Abuse

More good news on the way

Posted by anonymous23 > 2018-04-10 15:49 | Report Abuse

Go Wong go!!

Posted by anonymous23 > 2018-04-10 17:35 | Report Abuse

FYI.


Today, we feature a note on Wong Engineering Corporation Berhad in our FundTech Radar – 10th Apr 2018. The company is principally engaged in the manufacturing of high precision stamped and turned metal parts and components, complex welded frame structure, related modules and systems, as well as trading, marketing and retailing of industrial and consumer products. In FY17, total revenue was made up of 66% local market vs. 34% export market.


Fundamental Stance

· WONG saw its performance improved and turned profitable from FY16 onwards.

· Its FY17 core PATAMI margin surged to 15% (vs. 0.1% in FY16).

· Net cash position of RM6.7m (7 sen per share) as at 31 Jan 2018.

· Dividend yield of 2.1% for FY17 with a 28.5% dividend payout ratio.

· Final dividend of 2 sen and the ex – dividend date is on 16 Apr 2018

· Mr. Ong Yoong Nyock, the major shareholder, owns indirect stake in Tiong Nam Logistics Holding Bhd.

· The rising cost of raw materials and also foreign currency risk on sales and purchases denominated in USD will be the key factors affecting WONG’s performance.

· May assess and expand its presence into medical devices and other industries to diversify revenue streams and customers base.

· The RM87.5m GDV worth of affordable housing apartments is expected to contribute positively to its future earnings

· Currently trading at a 12-month trailing P/E of 9.1x (8.4x if excludes 7 sen net cash per share), a 35.5% discount as compared to its peers, which are trading at a 12M trailing P/E of 14.1x.


Technical Front

The long-term uptrend is still valid

Resistances: 1.22/1.42/1.64

Supports: 1.00/0.85/0.74

The above information is extracted from CIMB Research Report

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-04-12 17:08 | Report Abuse

please show prove.

Ivan89

1,479 posts

Posted by Ivan89 > 2018-04-13 15:55 | Report Abuse

Last day entitled two cents dividend

Posted by jordanmaggie61 > 2018-04-13 15:58 | Report Abuse

now pray hard

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-04-16 10:19 | Report Abuse

why the price like this ?

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-04-16 10:19 | Report Abuse

already bankrupt ady isit?

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-04-16 10:19 | Report Abuse

range no move also gg

Posted by anonymous23 > 2018-04-16 11:30 | Report Abuse

today dvd expired.

Jessie Ng

502 posts

Posted by Jessie Ng > 2018-04-17 10:12 | Report Abuse

gogogo

abcde12345

493 posts

Posted by abcde12345 > 2018-04-17 10:15 | Report Abuse

tha nk bro

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