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 Wah Seong Corp, New TP 2.58

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sjz
post Jun 14 2009, 10:20 PM

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i will not enter at monday first, better monitor it on monday and enter on tuesday as the price become very unstable during last friday, the price dropped 0.08 from 1.96 to 1.88. tongue.gif
virtualgay
post Jun 14 2009, 11:53 PM

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That is why is time to enter... i believe tomorrow opening price will be at least 1.90...
David_Brent
post Jun 15 2009, 01:20 AM

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QUOTE(virtualgay @ Jun 14 2009, 11:53 PM)
That is why is time to enter... i believe tomorrow opening price will be at least 1.90...
*
I have to agree with you.
I am queued at 1.88 but think my chances at that price are zilch. hmm.gif

So will monitor and see later Monday pm or Tuesday.

Let me know if you get in!


Added on June 15, 2009, 1:23 am
QUOTE(Peter Lim @ Jun 13 2009, 10:48 AM)
Buy it before too late. DONT MISS THE BOAT!

Cannot show u the proof. Cause admin not allow me to link it.

This is not my blog, this is our blog, our geng blog, we're the syndicates int the market, this blog use to distribute the information to everyone before we start "GORENG". Every month this blog can bring us profit about 50K in trading.

This is why the admin block me to link to the blog. This is not a free talk forum, but I still like it. Haha

icon_rolleyes.gif


Added on June 13, 2009, 10:58 am

THIS IS OUR BLOG! WE FIGHT WITH ANOTHER SYSNDICATE!
WE'RE NOT POINTING GUN AT UR HEAD TO ASK U BUY. TRADE BASED ON UR DECISION!
BURSASTREET
SYNDICATES TEAM
*
Peter Lim
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GAWD!
It's him again.
Ramping Peter Lim. shocking.gif
Does this site have an IGNORE button? rclxub.gif

This post has been edited by David_Brent: Jun 15 2009, 01:23 AM
virtualgay
post Jun 15 2009, 09:20 AM

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QUOTE(David_Brent @ Jun 15 2009, 01:20 AM)
I have to agree with you.
I am queued at 1.88 but think my chances at that price are zilch. hmm.gif

So will monitor and see later Monday pm or Tuesday.

Let me know if you get in!


Added on June 15, 2009, 1:23 am
Peter Lim
Newbie
Group: Junior Member
Posts: 46
GAWD!
It's him again.
Ramping Peter Lim. shocking.gif
Does this site have an IGNORE button? rclxub.gif
*
WASEONG no battery la... shoot to 1.91 then come down to 1.89 with such a low volume....
I think 1.88 is gonna be done soon with this situation...
shoduken
post Jun 15 2009, 09:57 AM

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Syndicate today no do work.. the buy and sell que so low =X
xuzen
post Jun 15 2009, 03:51 PM

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Just bought @1.89 x 7,500 units.

It was either this counter or collect more Tanjong.

I flipped my coin...

Xuzen
TigerWolf
post Jun 15 2009, 07:36 PM

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QUOTE(sjz @ Jun 14 2009, 10:20 PM)
i will not enter at monday first, better monitor it on monday and enter on tuesday as the price become very unstable during last friday, the price dropped 0.08 from 1.96 to 1.88. tongue.gif
*
However, this share shall move up sharply after the contract awarding date.... It's pretty nearby

virtualgay
post Jun 16 2009, 03:48 AM

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if come down to 1.80 i accumulate another 50 lots!
TigerWolf
post Jun 16 2009, 10:18 AM

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QUOTE(virtualgay @ Jun 16 2009, 03:48 AM)
if come down to 1.80 i accumulate another 50 lots!
*
I just bought the warrant at 0.37 = 200 lots
smartly
post Jun 16 2009, 10:26 AM

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QUOTE(TigerWolf @ Jun 16 2009, 10:18 AM)
I just bought the warrant at 0.37 = 200 lots
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wah, "Bo Chai C" uh...
such a high premium & exercise price with 4-5times gearing also u buy ??
this one is out of money....
but anyway share is gambling....
Good luck bro....
xuzen
post Jun 16 2009, 01:59 PM

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It's at 1.79 at 12.30pm, today (16-6-2009)...

Your wish came true, you lucky fella Virtual Gay.

Xuzen
shoduken
post Jun 16 2009, 02:08 PM

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QUOTE(xuzen @ Jun 16 2009, 01:59 PM)
It's at 1.79 at 12.30pm, today (16-6-2009)...

Your wish came true, you lucky fella Virtual Gay.

Xuzen
*
u're same with peter lim ? cuz ur avatar and his is quite the same kind of comic heroes.. syndicate ah? xD
xuzen
post Jun 16 2009, 02:09 PM

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Err. pardon, what does syndicate mean? Sorry I don't know.

Xuzen
shoduken
post Jun 16 2009, 02:21 PM

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QUOTE(xuzen @ Jun 16 2009, 02:09 PM)
Err. pardon, what does syndicate mean? Sorry I don't know.

Xuzen
*
Zzz.. You no see this thread starter message mer -.-
Hmm.. sound fishy suddenly..
kb2005
post Jun 16 2009, 03:15 PM

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You guys really think this counter very potential ? How long need to keep ?

xuzen
post Jun 16 2009, 03:48 PM

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QUOTE(kb2005 @ Jun 16 2009, 03:15 PM)
You guys really think this counter very potential ? How long need to keep ?
*
QUOTE
From KLSETracker.com
WAH SEONG OPTIMISTIC FOR 2009

CLASSIFICATION: ACCOUNTING/AUDIT NOTIFICATION/ANALYSIS & BUSINESS PROJECTIONS
TYPE: Short Analysis / Reviews
27 May 2009

WAH SEONG OPTIMISTIC FOR 2009 WAH SEONG CORP's industrial services division expects to be busy in 2009 with new projects and orders it is optimistic of clinching, said CHIN YOONG NGOK - Head of Industrial Division which was reported in THE STAROLINE on May 1, 2009. The division comprises three main operating units � trading and distribution of building materials, manufacture of steel pipes (piling, structural and water) and supply and fabrication of specialised agricultural equipment.

CHIN YOONG NGOK said his division's performance in the 1QE Mar 2009 had held up well due to its business mix. The Company hopes 2009's results will be as good as 2008 or better as the Company benefit from the stimulus package and better crude palm oil prices leading to continued investments into equipment by oil palm players.

WAH SEONG's industrial services division recorded PBT of RM37.8m on Revenue of RM843.5m for FYE Dec 31, 2008. The division contributed 36% to Group Revenue and 24.7% of PBT in 2008.

PIPE BUSINESS
On the pipe business, CHIN estimates the current demand for piling pipes in the country and Singapore to be about 120,000 tonnes, worth RM400m. Based on the division's over 25-year track record in the industry and the success rate it has achieved so far, he is optimistic of securing half of the amount by the 3Q of CY2009. The main export market for WAH SEONG's pipe division is Singapore with the division having secured several major orders there.

He said that the Company will also stand to benefit from large-scale infrastructure projects that are coming on line as part of stimulus packages now being used extensively to mitigate the impact of the economic slowdown.

PIPE PRODUCTION EXPANSION
The division is upgrading its plant in Seberang Prai, Penang, to increase production capacity to 100,000 tonnes of pipes per annum from the current 60,000 tonnes in anticipation of more orders.

CHIN says everything should be completed by Jun 2009. The new line can produce bigger pipes up to three metres in diameter and enable us to supply to larger projects.

PIPES ORDER BOOK
To-date, the pipes division has an Order Book of about RM200m for projects locally and in Singapore until the 4QCY2009. They also plan to penetrate the Australian market by the first half of 2010 as the demand for water pipes there is huge with hundreds of kilometres of pipes required.

EQUIPMENT DIVISION
For the equipment division, WAH SEONG aims to broaden its product range, customer base and expand market coverage. Service and maintenance of equipment to palm oil mills also provides the division with ongoing and recurring income.

At present, the equipment division has about RM60m worth of orders in hand. On average, the equipment division generates revenue of about RM10m a month. CHIN sees pretty bright prospects for the building materials business, especially if the Government's stimulus packages take off.

BUILDING MATERIALS DIVISION
One of the top five building material distributors in the market in terms of turnover, WAH SEONG has 500 customers, 11 branches and four warehouses.


You make the decision. I am thinking long term, say Q1Yr2010.

Xuzen
virtualgay
post Jun 16 2009, 11:55 PM

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Basically for this counter i am keeping in long long term..
i guess tomorrow should be back to 1.85
if really drop down to 1.70 i think is time to cut loss la..
the problem with this counter is due to low volume...
David_Brent
post Jun 17 2009, 12:22 AM

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QUOTE(virtualgay @ Jun 16 2009, 11:55 PM)
Basically for this counter i am keeping in long long term..
i guess tomorrow should be back to 1.85
if really drop down to 1.70 i think is time to cut loss la..
the problem with this counter is due to low volume...
*
Yes...me too.
I will keep mine for the long term as well.

End of June probably hmm.gif
kb2005
post Jun 17 2009, 08:47 AM

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QUOTE(David_Brent @ Jun 17 2009, 12:22 AM)
Yes...me too.
I will keep mine for the long term as well.

End of June probably hmm.gif
*
End of June this year ? That is considered short term also.
sjz
post Jun 17 2009, 09:13 AM

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waseong now left 1.75.
don't know what to do next

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