Amin Safwan Alikasturi's comment on WASCO. All Comments

Amin Safwan Alikasturi
2 Like · Reply
this week got show maybe?
Keith
Move like a turtle now.
1 Like · 1 year · translate
cheng
Slow and steady.
1 Like · 1 year · translate
Keith
Wish become ninja turtle soon.
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cheng
Sounds good, Keith. And to the space eventually :p
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Keith
Finally, our ninja wakeup already.
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cheng
Have faith, Keith. Congrats :) it’s still warming up and far from its potential.
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Amin Safwan Alikasturi
i hve sold take little profit. now it rockets. poor me
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Keith
At least got profit. What ur buyin price?
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Amin Safwan Alikasturi
0.535 my ep
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Keith
Lower than me. I'm 0.550. But today not so much volume. I feel to sell all first.
1 Like · 1 year · translate
Amin Safwan Alikasturi
yeah. i will wait for another good ep later.
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Keith
Volume come, can keep holding.
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cheng
Good entries, ASA and Keith. I do not think that it’s possible to get such low entry again near term; especially at the back of positive prospects from its order book :)
1 Like · 1 year · translate
cheng
Have faith in your plans and manage it well. The rest will be up to mgmt’s execution plans through converting orders to actual revenue recognitions
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cheng
Slow and steady :)
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c30 teh
can targeting 0.73-0.80?
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cheng
Takes time if you will, c30. A flawless execution of its order book means higher profitability and it will eventually move towards its fair valuation. My personal opinion is that it is worth more that your expectation :) Could be wrong, hope it helps.
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1 Like · 1 year · translate
Keith
QR result just came out. Nice.
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c30 teh
OOOOOOOO 76 79 sustainable? missssss
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cheng
All is well :) Manage it well and it should be a worthwhile wait.
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Keith
Touching 200 EMA. Sold out half take profit first.
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cheng
Congrats, Keith. Have faith in your own plans.
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c30 teh
fly into the deep sea
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Keith
Lucky yesterday buy back some. Hope can straight fly. But volume still low, a bit danger also.
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cheng
a bit more to fully priced in recent quarter results :)
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cheng
price corrected to decent level again :)
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cheng
slowly but surely :)
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Ong King
wow,so nice results, flying soon
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cheng
Thank you for the opportunity to add, Mr. Market :)
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Nick Chung
lmao with such volume only banker exist ... h9e
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cheng
Thanks for the tips, Nick.
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cheng
a new addition to it's order books :) most important of all - a recognition of Waseong's expertise in pipe coatings which is crucial for the topside modules; upstream, mid and downstream too. Congratulations to all long term shareholders!
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Ong King
还是contract厉害
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cheng
step by step, slowly but surely. the addition is a boost to it's order books and market price will reflect it accordingly; to price it in if you will :)
2 Like · 1 year · translate
cheng
Thanks to Mr Market for the opportunity to add. Any lower price is always welcomed :)
2 Like · 1 year · translate
Iverson chow
wish can go more lower
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cheng
I wished too, Iverson Chow. With funds/institution buying, it could be tough to go way lower. Takes a lot of time and big market panic to offset the earnings visibility for Waseong that goes all the way 2024. Manage your positions well and it takes time to complete the 3.5 bil book order on hands :)
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2 Like · 1 year · translate
cheng
slowly but surely :) a busy fy2023 and fy2024
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Nick Chung
slow and steady.....
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cheng
indeed, Nick. Manage your positions well and it will be interesting to follow it's development. The book order is the highest for the last 10 years and a recognition of its competency in pipe coatings; comparable to Shawcor :)
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Admiral Adama
bila mau jalan ni?
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cheng
sudah jalan, cuma belum sampai destinasinya; jauh lagi. Yang penting perjalanan ini bukannya indah khabar dari rupa :)
2 Like · 1 year · translate
Iverson chow
hahaha.. ya. cheng! agree with u. Adama, waseong bukan Fifo punya stock. ni kena 2023 & 2024 br blh nampak.
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Admiral Adama
chow, i have no intention to fifo. I bought it because of its massive order book. Given the increasing capex of global big oil company, i strongly believe waseong as a global leading player in pipe coating will secure more orders this year.
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1 Like · 1 year · translate
Iverson chow
good choice. 6zdĺet see the good 1 happen in the future. wish happy earning to every1.
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cheng
exactly, admiral adama and Iverson. definitely not a wise decision to FIFO at the moment when its being mispriced by the market. A top ranked company in global pipe coatings with the likes of Shawcor and 3M; earnings visibility until 2024.
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Nick Chung
easy .... let banker play himself
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cheng
banker inside? sounds like an opportunity for learning, Nick. It will be interesting to see how will the short term banker play against long term funds/institutions inside waseong :)
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cheng
welcome new shareholders / those that added positions from the pullbacks last week :)
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cheng
looking forward to the start of the new 52 weeks high
2 Like · 1 year · translate
Admiral Adama
anyone still holding?
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cheng
still holding here as it is still far away from where it should be priced accordingly :)
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cheng
Congrats to all long term shareholders :) Beginning to price in the recovery from the disruptions due to the pandemic. Still a long way to price in the book orders on hands :) There will be a mixture of both negative and positive external headwinds with regards to the industry and oil price in coming months. It is negligible to Waseong so long that it does not disrupt its ability to deliver the jobs on hands; revenue recognition if you will. Just my opinions, could be wrong. Hope it helps.
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Like · 1 year · translate
Elizabeth Tan
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JQ
Elizabeth unfortunately oil prices is dropping again because of price wars too bad it was on a good run !!!
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cheng
Continue to look forward to its recovery while external headwinds from the industry remained choppy but negligible to Waseong so long it does not hinder its ability from a revenue recognition perspective.
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Nick Chung
just needed one more green QR to continue to RM 1
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cheng
Takes time, Nick. The choppy external headwinds will continue to dominate the market actions for some time. The good news - IBs are providing more coverage and information for Waseong now; they probably have positions in Waseong too:) Manage it well as we are talking about earnings visibility all the way until 2024. Just my opinions, could be wrong.
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Admiral Adama
w t f??? 70mil one off losses???
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cheng
not losses, Admiral Adama. it's 60M provisions as stated in page1 right below administrative and general expenses. It's something like standby funds for unexpected usage/expenses. I believed the accounting rule allows for reversal too :)
3 Like · 1 year · translate
cheng
Congrats to all long term shareholders. External headwinds for the industry showing positive signs from choppy to neutral/trending to positive :) Should be better as we move towards second half of the year.
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Nick Chung
yes 1.00 on the way...
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cheng
Nick, remember to manage the risk well as its a long ride :) I have just rebalanced some of my positions as it has went up by 30%. Thanks to the participation from funds/institutions :) Continue to ride along.
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cheng
Congratulation to all long term shareholders :) Half way through journey towards where it should be. Slowly but surely.
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cheng
New 52 weeks high, a worthwhile wait. That's the way to go :)
Like · 11 months · translate