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

Posted by Lee Chee Hoe > 2017-03-23 22:57 | Report Abuse

1 gov contract obtain worth more than rm300 mil.expected to annouce soon

Waynetan8

43 posts

Posted by Waynetan8 > 2017-03-23 23:18 | Report Abuse

I heard the rumour too ...

yingchai

428 posts

Posted by yingchai > 2017-03-27 15:22 | Report Abuse

EGM approved the proposed diversification to include construction, property development and trading of construction materials.

vardy

42 posts

Posted by vardy > 2017-03-27 15:32 | Report Abuse

property now slow slow, how

TY828

70 posts

Posted by TY828 > 2017-03-27 23:33 | Report Abuse

Can't figure out, why TiongNam boss wanna bought this counter with net loss last few years. TiongNam has own property development section. Next, appointed new directors with property development background.
Maybe Gooooood News soon

joni

1,259 posts

Posted by joni > 2017-04-10 10:30 | Report Abuse

right to left pocket ; directors make money at investors price

yingchai

428 posts

Posted by yingchai > 2017-04-21 11:07 | Report Abuse

show time.....

yesyesyes

728 posts

Posted by yesyesyes > 2017-04-21 11:29 | Report Abuse

it already drop back la .. no more show time ..

tan8620

38 posts

Posted by tan8620 > 2017-04-21 12:52 | Report Abuse

wait 2nd waves in afternoon

k6ii

1,873 posts

Posted by k6ii > 2017-04-25 22:49 | Report Abuse

no more show?

yesyesyes

728 posts

Posted by yesyesyes > 2017-04-25 23:31 | Report Abuse

2nd half afternoon lo

k6ii

1,873 posts

Posted by k6ii > 2017-05-24 14:26 | Report Abuse

moneykj: ini boleh ke?

moneykj

6,143 posts

Posted by moneykj > 2017-05-24 20:56 | Report Abuse

@k6ii, chart show uptrend. But I'm not big fan of this counter. Earning Inconsistent. Enter at current price won't lose la..

yingchai

428 posts

Posted by yingchai > 2017-06-22 10:17 | Report Abuse

Half yearly result worse than last year. The sudden drop in price broken the support level. Down trend for this stock. Take profit and run.....There will be no movement for the next 1-2 months. Now is raya season and all the BB is on holiday mood....Take profit and run. come back again in August.....

hotdogge

1,294 posts

Posted by hotdogge > 2017-06-23 12:46 | Report Abuse

durian jatuh

yingchai

428 posts

Posted by yingchai > 2017-06-23 17:02 | Report Abuse

durian jatuh? Current price is on the high side.

yingchai

428 posts

Posted by yingchai > 2017-06-28 11:09 | Report Abuse

The selling presure is very heavy. Beware everyone...Might close at 0.690 today and it shows downtrend.......

Posted by Stanley Sim > 2017-07-25 16:17 | Report Abuse

:)

kebab82

8 posts

Posted by kebab82 > 2017-07-26 09:32 | Report Abuse

Price go up today...very difficult to predict...

yingchai

428 posts

Posted by yingchai > 2017-07-26 12:22 | Report Abuse

I think price will go down. to 0.74 by today.....

yingchai

428 posts

Posted by yingchai > 2017-07-27 17:28 | Report Abuse

death counter. Luckily sold all at 0.795.haha...Dun waste time on this counter. Better buy Ekovest. This is a WRONG counter instead of WONG engineering. The price going to drop further to 0.69 in 2 weeks time.

1965wang

79 posts

Posted by 1965wang > 2017-08-12 12:36 | Report Abuse

yingchai lu banyak pandailoh................

yingchai

428 posts

Posted by yingchai > 2017-09-18 11:55 | Report Abuse

price will go down to 0.72 today.....

WM Niaga

1,406 posts

Posted by WM Niaga > 2017-09-28 09:43 | Report Abuse

Ha..ha.. Up 8 sen!!!

1965wang

79 posts

Posted by 1965wang > 2017-09-28 10:23 | Report Abuse

babi luka

yingchai

428 posts

Posted by yingchai > 2017-09-28 11:02 | Report Abuse

One big construction project awarded to be announced????Better keep and buy lor like la....haha.....

Hwai Hooi

2,249 posts

Posted by Hwai Hooi > 2017-09-28 14:46 | Report Abuse

very wong~

Posted by Dessmond Yong > 2017-10-01 21:03 | Report Abuse

Will be become potential stk soon

Posted by DarKLoRD888999 > 2017-10-02 16:08 | Report Abuse

How to say?

Posted by anonymous23 > 2017-10-02 16:13 | Report Abuse

Who can guarantee ?

Muthusamy

811 posts

Posted by Muthusamy > 2017-10-04 10:41 | Report Abuse

HUATTTTTTTTTTTTTTTTT RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

carilembu

1,251 posts

Posted by carilembu > 2017-10-04 16:19 | Report Abuse

esok sure dumping time!!!

yingchai

428 posts

Posted by yingchai > 2017-10-09 10:24 | Report Abuse

hooray... selling time.....will drop back to 0.80 soon...bkful.

jebat

559 posts

Posted by jebat > 2017-10-09 10:26 | Report Abuse

fuhh....

Pang

269 posts

Posted by Pang > 2017-10-09 10:38 | Report Abuse

1 Rights for 2 Shares coming ?

yingchai

428 posts

Posted by yingchai > 2017-10-09 13:26 | Report Abuse

Pang, too early for that. They have to wait for its coming quarter to announce before they can proceed for that. so my advice is to sell at high and buy back at lower price. The super profit for the last quarter maybe is an one-off scenario case. So is high risk to enter at this price. The support level is weak...

Somemore Tiong Nam is on the weak side,so dun expect TNL to support wong at this juncture of time. i think someone (BB) is pushing the price up in order to sell their shares (their cost price is 0.68) so 50% gain is equivalent to 1.02 (150% x 0.68). So the max price is 1.02.

If the gain for the last quarter is one-off, the sustaibility of this counter is still a question mark...

My advice is to sell......take profit better.

Will drop after it touch 1.02.... Beware.........

yingchai

428 posts

Posted by yingchai > 2017-10-09 13:28 | Report Abuse

The price of this counter can go up within few days so can the price to move down within few days.....

yingchai

428 posts

Posted by yingchai > 2017-10-09 13:28 | Report Abuse

Take profit and run is a wise move. Go and look for other counter for 50% profit margin......

Pang

269 posts

Posted by Pang > 2017-10-09 13:32 | Report Abuse

Thx yingchai

Posted by isupertrader > 2017-10-10 14:58 | Report Abuse

Sold for a tidy profit :)

panorama

269 posts

Posted by panorama > 2017-10-10 16:50 | Report Abuse

still can enter?
TP?

yingchai

428 posts

Posted by yingchai > 2017-10-10 17:15 | Report Abuse

TP 1.25

TY828

70 posts

Posted by TY828 > 2017-10-10 18:26 | Report Abuse

Oh Yeah.... Finally it wake up! Since I hold from Mar-17.

Raise so fast... Maybe good news soon...

TiongNam (8397) owner create a Miracle in 10 Years. Will it Wong (7050) be another Miracle? Hold for 10 years?

TY828

70 posts

Posted by TY828 > 2017-10-10 18:40 | Report Abuse

TiongNam (8397):
11-Oct-2007 close at RM0.19
10-OCt-2017 close at RM1.57 (highest RM1.82 @ 11-Apr-2017)


LISTING'S CIRCULAR NO. L/Q : 69265 OF 2013

1) SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN TIONG NAM LOGISTICS HOLDINGS BERHAD ("TNLH") INTO FIVE (5) ORDINARY SHARES OF RM0.20 EACH IN TNLH ("SUBDIVIDED SHARE(S)") ("SHARE SPLIT").

2) RENOUNCEABLE RIGHTS ISSUE OF 210,258,500 FIVE (5)-YEAR WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) ORDINARY SHARES OF RM0.20 EACH HELD IN TIONG NAM LOGISTICS HOLDINGS BERHAD ("TNLH") AFTER THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN TNLH INTO FIVE (5) NEW ORDINARY SHARES OF RM0.20 EACH AT 5.00 P.M. ON 3 DECEMBER 2013 ("RIGHTS ISSUE OF WARRANTS") AND

Larrytrader

1,453 posts

Posted by Larrytrader > 2017-10-10 19:11 | Report Abuse

TNLOGIS

Eddie1155

81 posts

Posted by Eddie1155 > 2017-10-10 20:09 | Report Abuse

Yingchai. Still can buy? Pls advise. Tks

yingchai

428 posts

Posted by yingchai > 2017-10-11 08:35 | Report Abuse

Mid term target price is 1.50

Eddie1155

81 posts

Posted by Eddie1155 > 2017-10-11 19:31 | Report Abuse

Tqvm bro Yingchai

TY828

70 posts

Posted by TY828 > 2017-10-12 13:56 | Report Abuse

Time to consolidate

yingchai

428 posts

Posted by yingchai > 2017-10-12 17:45 | Report Abuse

Better run 1st in view of the following:
1) The super good profit for the last quarter (37 times), maybe is one-off. The sustainability is still a question.

2) As per the quarter report page 8:-->
The Group expects Quarter 4 revenue to be flat in-line with seasonal trends while raw materials cost is forecasted to increase as metal and steel prices picks up.
This means the next quarter result will not be as fantastic as per 3rd quarter.

3) There is still 2 more months for the announcement of 4th quarter result. Hence, too much uncertainty. Best advice is to take profit and run....

4) No catalyst to push the price for higher level.

Take profit and run 1st. Tiong Nam not doing well for this few months and dun expect they will provide any support to Wong for the near term.

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