Major Estimate Revision • May 26
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM2.77b to RM2.41b. EPS estimate fell from RM0.157 to RM0.131 per share. Net income forecast to shrink 21% next year vs 3.6% growth forecast for Energy Services industry in Malaysia . Consensus price target down from RM1.45 to RM1.31. Share price fell 24% to RM0.83 over the past week. Price Target Changed • May 21
Price target decreased by 9.3% to RM1.31 Down from RM1.45, the current price target is an average from 6 analysts. New target price is 56% above last closing price of RM0.84. Stock is down 9.7% over the past year. The company is forecast to post earnings per share of RM0.13 for next year compared to RM0.21 last year. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent & Non Executive Director Wan Daneena Binti Wan Abdul Rahman was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 23
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: RM0.21 (up from RM0.20 in FY 2024). Revenue: RM2.61b (down 18% from FY 2024). Net income: RM160.5m (up 3.7% from FY 2024). Profit margin: 6.2% (up from 4.9% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 52%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 17
Wasco Berhad, Annual General Meeting, May 19, 2026 Wasco Berhad, Annual General Meeting, May 19, 2026, at 16:00 Singapore Standard Time. Location: wild rice ballroom, level 9, st. giles boulevard, the boulevard, mid valley city, lingkaran syed putra, 59200 kuala lumpur, wilayah persekutuan, Malaysia Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to RM1.13, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Energy Services industry in Malaysia. Total returns to shareholders of 57% over the past three years. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: RM0.21 (vs RM0.20 in FY 2024) Full year 2025 results: EPS: RM0.21 (up from RM0.20 in FY 2024). Revenue: RM2.61b (down 18% from FY 2024). Net income: RM160.5m (up 3.7% from FY 2024). Profit margin: 6.2% (up from 4.9% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: RM0.045 (vs RM0.032 in 3Q 2024) Third quarter 2025 results: EPS: RM0.045 (up from RM0.032 in 3Q 2024). Revenue: RM599.9m (down 5.7% from 3Q 2024). Net income: RM34.7m (up 42% from 3Q 2024). Profit margin: 5.8% (up from 3.8% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Malaysia are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Nov 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Sep 12
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 08 October 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Malaysian dividend payers (5.6%). Lower than average of industry peers (3.4%). Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: RM0.044 (vs RM0.044 in 2Q 2024) Second quarter 2025 results: EPS: RM0.044 (in line with 2Q 2024). Revenue: RM693.8m (down 1.3% from 2Q 2024). Net income: RM33.9m (flat on 2Q 2024). Profit margin: 4.9% (up from 4.8% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Aug 20
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: RM0.046 (vs RM0.079 in 1Q 2024) First quarter 2025 results: EPS: RM0.046 (down from RM0.079 in 1Q 2024). Revenue: RM719.3m (up 12% from 1Q 2024). Net income: RM35.4m (down 42% from 1Q 2024). Profit margin: 4.9% (down from 9.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 5.6% p.a. on average during the next 3 years compared to a 2.5% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 24
Price target decreased by 9.2% to RM1.55 Down from RM1.71, the current price target is an average from 6 analysts. New target price is 71% above last closing price of RM0.91. Stock is down 42% over the past year. The company is forecast to post earnings per share of RM0.16 for next year compared to RM0.20 last year. Annuncio • Apr 28
Wasco Berhad, Annual General Meeting, May 29, 2025 Wasco Berhad, Annual General Meeting, May 29, 2025, at 14:30 Singapore Standard Time. Location: ballroom, level 9, st. giles boulevard, the boulevard, mid valley city, lingkaran syed putra, 59200 kuala lumpur, wilayah persekutuan, Malaysia New Risk • Mar 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.0% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Upcoming Dividend • Mar 12
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 19 March 2025. Payment date: 03 April 2025. Payout ratio is a comfortable 10.0% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Malaysian dividend payers (5.7%). Lower than average of industry peers (3.4%). Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: RM0.20 (vs RM0.13 in FY 2023) Full year 2024 results: EPS: RM0.20 (up from RM0.13 in FY 2023). Revenue: RM3.18b (up 22% from FY 2023). Net income: RM154.9m (up 49% from FY 2023). Profit margin: 4.9% (up from 4.0% in FY 2023). Revenue is expected to fall by 5.4% p.a. on average during the next 2 years compared to a 5.4% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Mar 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to RM1.20, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Energy Services industry in Malaysia. Total returns to shareholders of 83% over the past three years. Major Estimate Revision • Dec 05
Consensus EPS estimates increase by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from RM2.83b to RM2.86b. EPS estimate increased from RM0.147 to RM0.185 per share. Net income forecast to shrink 13% next year vs 3.7% growth forecast for Energy Services industry in Malaysia . Consensus price target up from RM1.86 to RM2.00. Share price rose 6.8% to RM1.10 over the past week. Price Target Changed • Nov 29
Price target increased by 7.5% to RM2.00 Up from RM1.86, the current price target is an average from 6 analysts. New target price is 90% above last closing price of RM1.05. Stock is up 7.1% over the past year. The company is forecast to post earnings per share of RM0.18 for next year compared to RM0.13 last year. Reported Earnings • Nov 29
Third quarter 2024 earnings released: EPS: RM0.032 (vs RM0.035 in 3Q 2023) Third quarter 2024 results: EPS: RM0.032 (down from RM0.035 in 3Q 2023). Revenue: RM636.0m (down 19% from 3Q 2023). Net income: RM24.5m (down 11% from 3Q 2023). Profit margin: 3.8% (up from 3.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.8% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: RM0.044 (vs RM0.031 in 2Q 2023) Second quarter 2024 results: EPS: RM0.044 (up from RM0.031 in 2Q 2023). Revenue: RM702.7m (up 3.8% from 2Q 2023). Net income: RM34.0m (up 42% from 2Q 2023). Profit margin: 4.8% (up from 3.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.6% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: RM0.074 (vs RM0.028 in 1Q 2023) First quarter 2024 results: EPS: RM0.074 (up from RM0.028 in 1Q 2023). Revenue: RM643.9m (flat on 1Q 2023). Net income: RM61.0m (up 180% from 1Q 2023). Profit margin: 9.5% (up from 3.4% in 1Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.9% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: RM0.13 (up from RM0.017 loss in FY 2022). Revenue: RM2.61b (up 10% from FY 2022). Net income: RM103.7m (up RM117.2m from FY 2022). Profit margin: 4.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 49%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.6% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 28
Wasco Berhad, Annual General Meeting, May 30, 2024 Wasco Berhad, Annual General Meeting, May 30, 2024, at 15:00 China Standard Time. Agenda: To receive the audited financial statements of the company and the group for the financial year ended 31 December 2023 and the reports of the directors and auditors thereon; to consider directorate reelections; to re-appoint PricewaterhouseCoopers PLT as Auditors of the company for the ensuing year and to authorize the directors to fix their remuneration; to consider authority to issue shares by the Directors of the company; and to consider other matters. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.45, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Energy Services industry in Malaysia. Total returns to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.90 per share. New Risk • Apr 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Price Target Changed • Feb 28
Price target increased by 8.8% to RM1.38 Up from RM1.27, the current price target is an average from 6 analysts. New target price is 7.6% above last closing price of RM1.28. Stock is up 52% over the past year. The company is forecast to post earnings per share of RM0.12 for next year compared to RM0.14 last year. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: RM0.14 (vs RM0.008 loss in FY 2022) Full year 2023 results: EPS: RM0.14 (up from RM0.008 loss in FY 2022). Revenue: RM2.61b (down 3.0% from FY 2022). Net income: RM103.7m (up RM110.0m from FY 2022). Profit margin: 4.0% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.6% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.17, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Energy Services industry in Malaysia. Total returns to shareholders of 61% over the past three years. Price Target Changed • Jan 18
Price target increased by 9.8% to RM1.27 Up from RM1.15, the current price target is an average from 6 analysts. New target price is 19% above last closing price of RM1.06. Stock is up 51% over the past year. The company is forecast to post earnings per share of RM0.094 next year compared to a net loss per share of RM0.0081 last year. Reported Earnings • Nov 29
Third quarter 2023 earnings released: EPS: RM0.035 (vs RM0.025 in 3Q 2022) Third quarter 2023 results: EPS: RM0.035 (up from RM0.025 in 3Q 2022). Revenue: RM783.9m (up 13% from 3Q 2022). Net income: RM27.4m (up 40% from 3Q 2022). Profit margin: 3.5% (up from 2.8% in 3Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.4% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 29
Price target increased by 10% to RM1.22 Up from RM1.11, the current price target is an average from 5 analysts. New target price is 23% above last closing price of RM0.99. Stock is up 52% over the past year. The company is forecast to post earnings per share of RM0.089 next year compared to a net loss per share of RM0.0081 last year. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: RM0.031 (vs RM0.023 in 2Q 2022) Second quarter 2023 results: EPS: RM0.031 (up from RM0.023 in 2Q 2022). Revenue: RM677.1m (down 8.1% from 2Q 2022). Net income: RM24.0m (up 38% from 2Q 2022). Profit margin: 3.5% (up from 2.4% in 2Q 2022). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.2% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 24
Price target increased by 10% to RM1.03 Up from RM0.94, the current price target is an average from 4 analysts. New target price is 18% above last closing price of RM0.88. Stock is up 22% over the past year. The company is forecast to post earnings per share of RM0.10 next year compared to a net loss per share of RM0.0081 last year. Buying Opportunity • May 23
Now 25% undervalued Over the last 90 days, the stock is up 8.9%. The fair value is estimated to be RM1.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company became loss making. Breakeven Date Change • Feb 24
Forecast breakeven date pushed back to 2023 The 4 analysts covering Wah Seong Corporation Berhad previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of RM73.8m in 2023. Earnings growth of 58% is required to achieve expected profit on schedule. Buying Opportunity • Jan 20
Now 20% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be RM0.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: RM0.025 (vs RM0.008 loss in 3Q 2021) Third quarter 2022 results: EPS: RM0.025 (up from RM0.008 loss in 3Q 2021). Revenue: RM696.0m (up 129% from 3Q 2021). Net income: RM19.6m (up RM25.5m from 3Q 2021). Profit margin: 2.8% (up from net loss in 3Q 2021). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Price Target Changed • Nov 24
Price target decreased to RM0.89 Down from RM0.97, the current price target is an average from 4 analysts. New target price is 47% above last closing price of RM0.60. Stock is down 17% over the past year. The company is forecast to post earnings per share of RM0.071 next year compared to a net loss per share of RM0.14 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. Independent Non Executive Director Choo Saw was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: RM0.023 (vs RM0.003 in 2Q 2021) Second quarter 2022 results: EPS: RM0.023 (up from RM0.003 in 2Q 2021). Revenue: RM737.1m (up 119% from 2Q 2021). Net income: RM17.4m (up RM15.5m from 2Q 2021). Profit margin: 2.4% (up from 0.6% in 2Q 2021). Over the next year, revenue is forecast to grow 5.6%, compared to a 7.6% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • May 02
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: RM0.14 loss per share (up from RM0.38 loss in FY 2020). Revenue: RM1.43b (up 1.4% from FY 2020). Net loss: RM107.5m (loss narrowed 64% from FY 2020). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 1,514%. Over the next year, revenue is forecast to grow 39%, compared to a 12% growth forecast for the industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 27
Price target increased to RM0.95 Up from RM0.88, the current price target is an average from 5 analysts. New target price is 18% above last closing price of RM0.80. Stock is down 2.4% over the past year. The company is forecast to post earnings per share of RM0.079 next year compared to a net loss per share of RM0.14 last year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. Independent Non Executive Director Choo Saw was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 05
Price target increased to RM0.95 Up from RM0.85, the current price target is an average from 5 analysts. New target price is 22% above last closing price of RM0.78. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of RM0.079 next year compared to a net loss per share of RM0.14 last year. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: RM0.14 loss per share (up from RM0.38 loss in FY 2020). Revenue: RM1.43b (up 1.4% from FY 2020). Net loss: RM107.5m (loss narrowed 64% from FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 33%, compared to a 9.2% growth forecast for the industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Annuncio • Feb 25
Wah Seong Corporation Berhad Reports Impairment Loss for the Fourth Quarter Ended December 31, 2021 Wah Seong Corporation Berhad reported impairment loss for the fourth quarter ended December 31, 2021. For the fourth quarter, the company reported impairment loss on property, plant and equipment of MYR 4,243,000. Write-off on property, plant and equipment was MYR 139,000 compared with MYR 1,254,000 reported for the same period a year ago. Reported Earnings • Nov 23
Third quarter 2021 earnings: EPS and revenues exceed analyst expectations Third quarter 2021 results: RM0.008 loss per share (up from RM0.33 loss in 3Q 2020). Revenue: RM303.8m (down 33% from 3Q 2020). Net loss: RM5.94m (loss narrowed 98% from 3Q 2020). Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 327%. Earnings per share (EPS) surpassed analyst estimates by 327%. Over the next year, revenue is forecast to grow 34%, compared to a 8.8% growth forecast for the industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS RM0.003 (vs RM0.038 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM336.9m (up 39% from 2Q 2020). Net income: RM1.97m (up RM31.6m from 2Q 2020). Profit margin: 0.6% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Price Target Changed • Jun 24
Price target increased to RM0.92 Up from RM0.74, the current price target is an average from 4 analysts. New target price is 24% above last closing price of RM0.74. Stock is up 45% over the past year. Reported Earnings • May 21
First quarter 2021 earnings released: EPS RM0.011 (vs RM0.058 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM333.4m (up 2.1% from 1Q 2020). Net income: RM8.57m (up RM53.0m from 1Q 2020). Profit margin: 2.6% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Annuncio • May 21
Wah Seong Corporation Berhad Reports Write-Off on Property, Plant and Equipment for the Fourth Quarter Ended March 31, 2021 Wah Seong Corporation Berhad reported write-off on property, plant and equipment of MYR 18,000 for the fourth quarter ended March 31, 2021. Reported Earnings • Apr 25
Full year 2020 earnings released: RM0.38 loss per share (vs RM0.031 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: RM1.41b (down 44% from FY 2019). Net loss: RM295.1m (down RM319.3m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 25
Full year 2020 earnings released: RM0.38 loss per share (vs RM0.031 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: RM1.41b (down 44% from FY 2019). Net loss: RM295.1m (down RM319.3m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 327%. Over the next year, revenue is forecast to grow 17%, compared to a 13% growth forecast for the Energy Services industry in Malaysia.