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Wah Seong to revisit demerger plan in 2015
WAH Seong Corp Bhd may revive a plan to demerge its core oil and gas business next year now that its various units are on stronger footing, says deputy managing director Giancarlo Maccagno.
Wah Seong wins Norway job
PETALING JAYA: Catalyst-hungry Wah Seong Corp Bhd will have wind beneath its wings now that its pipe-coating unit has clinched a US$198mil (RM611.3mil) pipe-coating contract in Norway.
CIMB Research ups Wah Seong target price to RM2.70
KUALA LUMPUR: CIMB Equities Research has raised Wah Seong Corp’s target price from RM2.56 to RM2.70, which is an upside of 59.8% from the last traded price of RM1.69.
Wah Seong agrees to pay Bauhuis RM2.7mil
PETALING JAYA: Wah Seong Corp Bhd, whose share price surged to a high of RM1.36 – the highest since May 2015 – has announced after market close that it would pay £500,000 (RM2.73mil) to settle a claim with Bauhuis BV.
Wah Seong under close watch
PETALING JAYA: The market is watching closely developments at oil and gas services firm Wah Seong Bhd after the company won a pipe-coating and storing contract from Switzerland-based Nord Stream 2 AG
Wah Seong bags RM104mil contract from Siemens
PETALING JAYA: Wah Seong Corp Bhd has bagged a contract worth RM103.67mil from France-based Siemens SAS for the design and building of three substations including heating, ventilation and air conditioning at a project in Kazakhstan.
Tough year ahead for Wah Seong
WAH Seong Corp Bhd (Wah Seong)’s first half of 2015 earnings were below expectations with sequentially weaker profits and margins, reflecting challenging times ahead, Maybank IB Research said.
CIMB Research maintains Wah Seong target price at RM2.56
KUALA LUMPUR: CIMB Equities Research is maintaining its target price for Wah Seong Corporation at RM2.56, which is an upside of 44.6% from the Thursday’s closing price of RM1.77.
RHB Research upgrades Wah Seong to Buy from Neutral, raises fair value
KUALA LUMPUR: RHB Research has upgraded Wah Seong to Buy from Neutral with a fair value of RM2.25 from RM1.56 and said the group deserved a higher 16 times PE, in line with its mid- to small-cap O&G valuations, on top of its 15% FY14F EPS upgrade.
CIMB Research maintains Wah Seong target price of RM2.72
KUALA LUMPUR: CIMB Equities Research is maintaining its target price of Wah Seong Corporation of RM2.72, which is an upside of 37.6% from the last traded price of RM1.98.
