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Wah Seong Corp, New TP 2.58
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TSPeter Lim
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 Jun 13 2009, 10:48 AM, updated 17y ago
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Getting Started
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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 
Added on June 13, 2009, 10:58 amQUOTE(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 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 This post has been edited by Peter Lim: Jun 13 2009, 10:58 AM
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sunakujiro^^
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Jun 13 2009, 01:29 PM
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...
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skylands
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Jun 13 2009, 01:39 PM
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lmaooo .. i dunno what to reply ..
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shoduken
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Jun 13 2009, 01:46 PM
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really? i have the special effect of "buy what drop what" power.. If I join in, will it become negative -2.58 xD
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moorish
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Jun 13 2009, 02:01 PM
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be proud, syndicate need our help
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TSPeter Lim
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Jun 13 2009, 02:31 PM
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Getting Started
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haha...u're rite...syndicate always need help!
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SUSKinitos
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Jun 13 2009, 03:15 PM
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what is the reasons to buy this share?
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shoduken
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Jun 13 2009, 03:43 PM
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QUOTE(Peter Lim @ Jun 13 2009, 02:31 PM) haha...u're rite...syndicate always need help! My SAAG also need your help.. help SAAG first la.. then I help waseong  |
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abc2005
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Jun 13 2009, 04:10 PM
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dear syndicate members pls help my keladi...
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sjz
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Jun 13 2009, 05:05 PM
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Monday i will buy 4000 units hope it will rise soon |
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AutumnFoliage
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Jun 13 2009, 06:06 PM
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Getting Started
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zzzzZZzzz
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virtualgay
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Jun 13 2009, 06:56 PM
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i dont get it.. what u guys trying to start here?
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moorish
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Jun 13 2009, 08:19 PM
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QUOTE(virtualgay @ Jun 13 2009, 06:56 PM) i dont get it.. what u guys trying to start here? we're now collaborating with syndicate   |
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shoduken
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Jun 13 2009, 08:51 PM
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if it really goes up, i can pass down my title as Hands of Death xD
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VyvernS
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Jun 13 2009, 09:15 PM
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QUOTE(shoduken @ Jun 13 2009, 08:51 PM) if it really goes up, i can pass down my title as Hands of Death xD Shoduken...wait you try....Buy and let it drop...hahaha  And lucky you got rid of the Hovid-WA.....Even Level 6 H1N1 cannot bring it up.  |
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zamans98
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Jun 13 2009, 10:09 PM
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Is this d same?
Buy Call
Target Price: 2.58
Wah Seong’s 1QFY09 results were within expectations. Although 1QFY09 revenue was lower by 24.5% q-o-q, the pretax profit was higher by 34.5% on improvement in the pipe coating business. The company’s EBITDA margin of 15.1% also improved q-o-q and YTD due to stringent cost management and stronger margins from the pipe coating business. Going forward, we expect 2H09 to be a more exciting quarter for Wah Seong, which is well supported by a strong orderbook of RM1.4bn. Maintain Buy.
Within expectation. The 1QFY09 results were within consensus and our expectations, making up 22% and 21% of consensus and our FY09 forecasts. Overall, although the 1QFY09 revenue of RM436.6m was lower by 24.5% q-o-q, the pretax profit of RM55.0m was 34.5% higher q-o-q, mainly contributed by an improvement in the pipe coating business, which had made up about 27% of total revenue. With that, EBITDA margin rose 4%-pts to 15.1%, probably contributed by the higher margin product mix of the deepwater coating and concrete coating. On a YTD comparison, 3MFY09 pretax profit was up 65.8% although revenue was 14.4% lower due to stringent cost management and stronger margins from the pipe coating business. The lower revenue YTD was the result of slower business activities from the engineering, E&P products and services as well as the infrastructure and building material businesses.
2HFY09 to be an exciting quarter. To recap, some of the major events which Wah Seong is looking at include potential M&A activities related to either the gas compressor or pipe coating business. Also, the company should be hearing news on some tenders arising from the Gorgon and Papua New Guinea LNG projects, which have a range of about 900km each.
Maintain Buy. Our target price for Wah Seong is RM2.58 based on a PER of 12x FY10 earnings. The company is supported by a strong orderbook of over RM1.4bn. We like the company for its market leadership in the provision of pipe coating and corrosion protection in Malaysia.
52 week H | L Price (RM) 2.36-0.9
Major Shareholders (%)
Wah Seong Trading Co 21.84
EPF 9.00
LTAT 6.49
Wah Seong‟s principal activities are in pipe coating and corrosion protection, engineering and E&P services.
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virtualgay
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Jun 13 2009, 10:25 PM
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QUOTE(moorish @ Jun 13 2009, 08:19 PM) we're now collaborating with syndicate let me know which syndicate... i wanna join too... ask them to push my TANJONG to 14.10 hahaha!!! |
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IGax2000
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Jun 14 2009, 01:05 AM
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bro, pls proof it on monday...  |
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mynewuser
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Jun 14 2009, 10:18 AM
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Red Cafe syndicate. Collect RM 5k from members and pay RM 150 to members every month. This post has been edited by mynewuser: Jun 14 2009, 10:19 AM |
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stanly007_2
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Jun 14 2009, 05:17 PM
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If i buy 1000 units
I use RM1880 to earn another RM700++?
>.>
How long as you predict?
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sjz
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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. |
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virtualgay
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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...
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David_Brent
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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.  So will monitor and see later Monday pm or Tuesday. Let me know if you get in!
Added on June 15, 2009, 1:23 amQUOTE(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
Added on June 13, 2009, 10:58 amTHIS 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 Newbie Group: Junior Member Posts: 46 GAWD! It's him again. Ramping Peter Lim.  Does this site have an IGNORE button?  This post has been edited by David_Brent: Jun 15 2009, 01:23 AM |
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virtualgay
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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. So will monitor and see later Monday pm or Tuesday. Let me know if you get in!
Added on June 15, 2009, 1:23 amPeter Lim Newbie Group: Junior Member Posts: 46 GAWD! It's him again. Ramping Peter Lim. Does this site have an IGNORE button? 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... |
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shoduken
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Jun 15 2009, 09:57 AM
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Syndicate today no do work.. the buy and sell que so low =X
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xuzen
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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
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TigerWolf
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Jun 15 2009, 07:36 PM
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New Member
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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. However, this share shall move up sharply after the contract awarding date.... It's pretty nearby |
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virtualgay
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Jun 16 2009, 03:48 AM
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if come down to 1.80 i accumulate another 50 lots!
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TigerWolf
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Jun 16 2009, 10:18 AM
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New Member
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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 |
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smartly
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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 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.... |
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xuzen
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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
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shoduken
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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 |
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xuzen
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Jun 16 2009, 02:09 PM
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Err. pardon, what does syndicate mean? Sorry I don't know.
Xuzen
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shoduken
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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.. |
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kb2005
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Jun 16 2009, 03:15 PM
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You guys really think this counter very potential ? How long need to keep ?
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xuzen
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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 |
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virtualgay
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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...
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David_Brent
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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 |
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kb2005
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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 End of June this year ? That is considered short term also. |
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sjz
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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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shoduken
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Jun 18 2009, 11:12 AM
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I think Bear is more powerful than Syndicate right now haha
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TigerWolf
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Jun 18 2009, 02:01 PM
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New Member
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QUOTE(shoduken @ Jun 18 2009, 11:12 AM) I think Bear is more powerful than Syndicate right now haha Please do not panic in this situation, although the market is going thru correction, please bear in mind that the company is strong in fundamental. The contract is around the corner, it will shoot up high in sky. I just bought another 100 lot to leverage.
Added on June 18, 2009, 3:09 pmQUOTE(shoduken @ Jun 18 2009, 11:12 AM) I think Bear is more powerful than Syndicate right now haha The company is strong in fundamental.... The stock price shall sharply increase once the deal is sealed. This post has been edited by TigerWolf: Jun 18 2009, 03:09 PM |
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xuzen
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Jun 18 2009, 03:27 PM
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QUOTE(sjz @ Jun 17 2009, 09:13 AM) waseong now left 1.75. don't know what to do next Don't know abt you, but yesterday [18-6-2009], just before closing I added 2,500 more units @ RM 1.80/unit. In toto I am holding 10,000 units. Xuzen |
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IGax2000
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Jun 18 2009, 11:04 PM
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wei, peter what are u guys doing.... |
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kb2005
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Jun 19 2009, 12:14 AM
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QUOTE(xuzen @ Jun 18 2009, 03:27 PM) Don't know abt you, but yesterday [18-6-2009], just before closing I added 2,500 more units @ RM 1.80/unit. In toto I am holding 10,000 units. Xuzen Wah! big share holder for this counter. I dare not touch due to low volume! |
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xuzen
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Jun 19 2009, 11:32 AM
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QUOTE(kb2005 @ Jun 19 2009, 12:14 AM) Wah! big share holder for this counter. I dare not touch due to low volume! I am not a speculative player. I buy because of fundamental potentials. I can wait... Xuzen |
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TigerWolf
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Jun 19 2009, 12:50 PM
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New Member
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QUOTE(xuzen @ Jun 19 2009, 11:32 AM) I am not a speculative player. I buy because of fundamental potentials. I can wait... Xuzen Yes.. Total im holding 1200 Wa-Seong warrant now .... . |
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shahmh
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Jun 24 2009, 11:20 AM
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Getting Started
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QUOTE(xuzen @ Jun 19 2009, 11:32 AM) I am not a speculative player. I buy because of fundamental potentials. I can wait... Xuzen Yep I agree. What is the TP now? |
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TigerWolf
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Jun 25 2009, 12:56 AM
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New Member
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QUOTE(shahmh @ Jun 24 2009, 11:20 AM) Yep I agree. What is the TP now? Dont worry .. the share price is increasing aggressively today ... i bet to break thru 40 cent is definetely... |
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David_Brent
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Jun 25 2009, 01:00 AM
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QUOTE(TigerWolf @ Jun 25 2009, 12:56 AM) Dont worry .. the share price is increasing aggressively today ... i bet to break thru 40 cent is definetely... Wow. Thank God for that and we have an expert, well-thought ot and considered analysis of this counter!  I can sleep easy at night knowing that you "bet to break thru 40 cent is definetely..."  |
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TigerWolf
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Jun 25 2009, 01:10 AM
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New Member
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QUOTE(shahmh @ Jun 24 2009, 11:20 AM) Yep I agree. What is the TP now? The warrant increase alot recently .. But i am yet to release it until it touched 0.48... Hope god shall bless me this time... |
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xuzen
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Jun 25 2009, 02:49 PM
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QUOTE(shahmh @ Jun 24 2009, 11:20 AM) Yep I agree. What is the TP now? Since there is no news about this company in the news, I guess the TP remain status quo i.e., RM 2.50 Xuzen |
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TigerWolf
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Jun 26 2009, 07:00 PM
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New Member
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QUOTE(xuzen @ Jun 25 2009, 02:49 PM) Since there is no news about this company in the news, I guess the TP remain status quo i.e., RM 2.50 Xuzen Just hold on this counter .... i got 120000 lots on the warrant ..... i bought it at avg RM0.29....... |
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gilabola
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Jul 12 2009, 01:08 AM
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QUOTE(TigerWolf @ Jun 26 2009, 07:00 PM) Just hold on this counter .... i got 120000 lots on the warrant ..... i bought it at avg RM0.29....... wow... 120,000 lots or 120,000 units? if 120,000 lots = 12,000,000 units @ RM 0.29, you've invested RM 3.48 mil ! This post has been edited by gilabola: Jul 12 2009, 01:08 AM |
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xuzen
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Jul 21 2009, 11:32 AM
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Wah Seong is up up up these few days... up to RM 1.98 now.
Happy times are here again.
Xuzen
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shahmh
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Aug 7 2009, 12:29 PM
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Getting Started
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QUOTE(xuzen @ Jun 18 2009, 03:27 PM) Don't know abt you, but yesterday [18-6-2009], just before closing I added 2,500 more units @ RM 1.80/unit. In toto I am holding 10,000 units. Xuzen yea u r right. this counter can keep for long term. wish it come down to 1.80 again..then i can average down. Somebody making money on this counter lately. : |
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