Posted by tualp > 2019-12-09 17:40 | Report Abuse

Tiong Nam Group going to launch 1 development project in Kota Masai, Johor.

Wong Engineering will be the main-contractor.( Market rumors).

Last time shoot up to RM1.40 with 1 contract worth RM87.5MIllion. I think with this RM300M project, Wong Engineering will shoot to RM1.80 easily....

Based on market rumors..... Trade at your own risk

Posted by Ivan89 > 2019-12-09 19:31 | Report Abuse

This is highly probable. Both company are common shareholder and director. Good move for the management. I believe that they collect at low and start to push now. Just hold.

Posted by Ivan89 > 2019-12-09 19:47 | Report Abuse

Just check the annual report of tnlogistic , a vacant land bought in Nov 14 with 35million, 4,927,507sqf. Plan to develop with GDV300million. This make sense and award contract to Wong engineering. Good for both company share price.

Posted by tualp > 2019-12-10 08:40 | Report Abuse

Tiong Nam Share Price alr break RM0.50. Now is wong engineering's turn to break RM0.60

Keep a closer look, contract going to announce anytime from now....

Posted by loico > 2019-12-10 09:46 | Report Abuse

Interesting... The sudden surge must probably indicate something good. Let me look into the annual report too... Thanks for sharing!

Posted by Ivan89 > 2019-12-10 10:17 | Report Abuse

If qr this month is good, at least 0.6

Posted by tualp > 2019-12-10 10:59 | Report Abuse

If QR is good= 0.65
If got dividend=0.70
If got new construction contract= 0.85

So short term my target price is RM0.85

Posted by loico > 2019-12-10 12:30 | Report Abuse

Do you think RM0.85 is achievable within short term?

Posted by tualp > 2019-12-10 16:30 | Report Abuse

0.85 before CNY,
0.70 after announcement of QR result on 19/12/2019 ( as per Bloomberg, Wong will announce its financial result on 19/12/2019)

Posted by Ivan89 > 2019-12-12 19:23 | Report Abuse

Good result, Revenue and profit new High!

Posted by Sky Liew > 2019-12-13 00:18 | Report Abuse

Tax return 1.3 m
Real EPs is 2.5 around
But still is good result
And got nice dividend lo

Posted by tualp > 2019-12-13 09:11 | Report Abuse

super good profit......Hooray.....gogogo....

Hold tight tight.

Posted by tualp > 2019-12-13 11:17 | Report Abuse

going to announce 1 construction project worth RM300Million

Posted by tualp > 2019-12-13 15:24 | Report Abuse

target price is RM0.85......Wong Engineering gogogo.......

Posted by Sky Liew > 2019-12-14 08:55 | Report Abuse

哦哦

Posted by John Angel > 2019-12-16 20:04 | Report Abuse

shit company, all out

Posted by tualp > 2019-12-17 15:05 | Report Abuse

is coming.....wait patiently, will reach 0.49. Sold all at 0.61, now waiting for it to drop to 0.49 then buy again......

Posted by Justin328 > 2019-12-18 15:55 | Report Abuse

wow smart trader

Posted by tualp > 2019-12-19 09:03 | Report Abuse

This share is worth to invest:-

1. TNTT (Tiong Nam Group) and Yong Lay Huat, 2 of them are major shareholders took over Wong Engineering Corp Berhad at RM0.65/ share. After bonus issue, the average cost of 2 major shareholders is RM0.52.

If you buy now at RM0.535 or RM0.54 you only pay 4% more than their cost price. Which is deemed safe to invest.

2.Worse is over. Wong Engineering Corp is successfully turning around from its worse:
-30.04.2018 RM1.676Million
-31.07.2018 RM1.597Million
-31.10.2018 RM1.016Million
-01.31.2019 RM458K
-30.04.2019 RM388K
-31.07.2018 RM1.075Million
-31.10.2019 RM3.866Million

2018 is a disaster year for Wong Engineering Corp Berhad. However, Wong Engineering Corp has put in a lot of effort to secure new customer (MNC) and the sales is encouraging. (as per their quarterly report)

Contribution from construction is expected to be reported @ RM4-5Million for coming year.

3. Low PE.
Assuming the next 3 coming QR reported RM2Million each and including the last recently announced QR, the forward PE would be 6.18( which is deemed low)

4.Construction segment is going to contribute positively for the coming quarter; if the market rumor is accurate that Wong Engineering going to receive a construction project worth RM300Million; the share price will shoot up endlessly.

5.Still remember the last wave share price hike in year 2017? Now is the 2nd wave for the price hike. Now is the starting, tighten your seatbelt and sit tight. The new cycle is on the way to break its historical high price @ RM1.40

6. My target price is RM0.85 for short term, RM1.00 for mid term and RM1.45 for long term.

Source: Hog Long Inv (CALL BUY)

Posted by tualp > 2019-12-19 09:25 | Report Abuse

My trading idea:

I have sold my 200,000 shares on last Friday at RM0.61 ( my cost is about RM0.465) I have earned RM29,000 from this stock.

I am now holding 0 shares of Wong Engineering Corp Berhad.

I am now waiting for it to drop and sapu at RM0.49 (if drop) or I will buy at RM0.54 if the price successfully maintaining and RM0.535 for the next 1 week.

I will invest RM122,000 in this company.

Whether it go up or go down, I have the way to trade.

If the share price break RM0.65, then will shoot up to RM0.85 and RM1.00

Posted by tualp > 2019-12-24 08:42 | Report Abuse

Looks like the price is stable, coming in to sapu ( my bullet is RM122,000). Guess how high it will be?

Posted by tualp > 2019-12-27 08:53 | Report Abuse

Lest wait at 0.49....hooray.....can earn 1 more round....

Posted by John Angel > 2019-12-28 18:54 | Report Abuse

Tp:1.20
Potential stock in 2020
Now only 52sen
Big discount now and
Biggest return 130% in year 2020

Posted by tualp > 2020-01-02 08:51 | Report Abuse

standby bullet and wait for 0.49.....I wanna buy 250,000 shares.....

Posted by wan7075 > 2020-01-02 14:13 | Report Abuse

hi Sky Liew, where u can see the tax return is 1.3m? i only can see the big earning is because of disposal

Sky Liew Tax return 1.3 m
Real EPs is 2.5 around
But still is good result
And got nice dividend lo
13/12/2019 12:18 AM

Posted by tualp > 2020-01-02 15:23 | Report Abuse

still waiting at 0.49

Posted by tualp > 2020-01-03 11:01 | Report Abuse

right here waiting at 0.49

Posted by EngineeringProfit > 2020-01-03 11:02 | Report Abuse

huat huat soon

Posted by tualp > 2020-01-03 12:34 | Report Abuse

EngineeringProfit, soon? how soon? I am waiting at 0.49

Posted by EngineeringProfit > 2020-01-03 18:27 | Report Abuse

Give 4-8 months lah

Posted by Steve Ooi > 2020-01-13 22:24 | Report Abuse

precision-loan-aerospace-guarantee-acquisition

try figure out yourself.

Posted by tualp > 2020-01-15 14:20 | Report Abuse

Hi Steve Ooi, what are you trying to say? Positive or Negative?

Posted by Ivan89 > 2020-01-22 11:23 | Report Abuse

Tualp, r u manage to buy at 0.485?

Posted by tualp > 2020-01-22 18:00 | Report Abuse

I waited at 0.46.

Posted by tualp > 2020-01-22 18:00 | Report Abuse

someone told me coming QR result should be very bad....

Posted by tualp > 2020-01-22 18:01 | Report Abuse

no wonder price keep dropping.

Posted by tualp > 2020-01-23 08:31 | Report Abuse

I think it will drop further to 0.43.....

Posted by tualp > 2020-01-23 08:31 | Report Abuse

no support at all

Posted by tualp > 2020-01-29 11:10 | Report Abuse

right here waiting @ 0.43......

Posted by 10bagger10 > 2020-02-06 23:24 | Report Abuse

Is it time?

Posted by Steve Ooi > 2020-02-08 09:47 | Report Abuse

Then don't buy please, your source should be blind. Revenue from both construction and precision hit new high.



tualp someone told me coming QR result should be very bad....
22/01/2020 6:00 PM

Posted by 10bagger10 > 2020-02-28 05:20 | Report Abuse

Update pls

Posted by tualp > 2020-02-28 08:55 | Report Abuse

coming QR is disaster result

Posted by 10bagger10 > 2020-02-28 13:53 | Report Abuse

Are u sure?

Posted by tualp > 2020-03-02 12:49 | Report Abuse

NEXT PRICE TARGET RM0.38

Posted by 01416520450 > 2020-03-07 09:22 | Report Abuse

Support

Posted by Ivan89 > 2020-04-01 18:17 | Report Abuse

Finally this explain why the company borrow 20million.

Posted by Ivan89 > 2020-04-01 18:17 | Report Abuse

The Proposed Subscription is not expected to have any material effect on the
earnings of the Group for the financial year ending 31 October 2020. Notwithstanding
that, the Proposed Subscription may contribute positively to the future earnings of the
Group from the share of profit from BLSB possibly arising from the development of
Subject Land.

Posted by Ivan89 > 2020-04-01 18:19 | Report Abuse

Lot No. 13505, Off Jalan Dengkil-Banting, 43800 Dengkil, Selangor Darul
Ehsan. This location good?

Posted by tualp > 2020-04-02 12:38 | Report Abuse

Gone case, target price RM0.31