Wah Seong Corporation is likely to be busy with Malaysian contracts next year, underpinned by Petronas' RM300 billion five-year capital expenditure.
HwangDBS Vickers Research said the company had been receiving inquiries for pipe-coating jobs in Malaysia, indicating potentially robust job replenishment.
Meanwhile, HwangDBS said the Gulf of Mexico would be the next growth frontier for the company with the expected commissioning of its two plants in Louisiana, United States, by the second half of 2012.
Read more: Wah Seong to gain pipe-coating mart share http://www.btimes.com.my/Current_News/BTIMES/articles/20120126115346/Article/#ixzz1kXsnfWQh
HwangDBS also said that Australia would remain a key driver for the company as it would offer huge potential due to large number of liquefied natural gas projects.
"Meanwhile, Wah Seong is looking for potential mergers and acquisitions to boost the contribution for its non oil and has division which we believe is part of the initial public offering for its de-merger exercise to unlock value for the company," HwangDBS said. -- Bernama
Read more: Wah Seong to gain pipe-coating mart share http://www.btimes.com.my/Current_News/BTIMES/articles/20120126115346/Article/#ixzz1kXspK89C
HwangDBS Vickers Research said the company had been receiving inquiries for pipe-coating jobs in Malaysia, indicating potentially robust job replenishment.
Meanwhile, HwangDBS said the Gulf of Mexico would be the next growth frontier for the company with the expected commissioning of its two plants in Louisiana, United States, by the second half of 2012.
Read more: Wah Seong to gain pipe-coating mart share http://www.btimes.com.my/Current_News/BTIMES/articles/20120126115346/Article/#ixzz1kXsnfWQh
HwangDBS also said that Australia would remain a key driver for the company as it would offer huge potential due to large number of liquefied natural gas projects.
"Meanwhile, Wah Seong is looking for potential mergers and acquisitions to boost the contribution for its non oil and has division which we believe is part of the initial public offering for its de-merger exercise to unlock value for the company," HwangDBS said. -- Bernama
Read more: Wah Seong to gain pipe-coating mart share http://www.btimes.com.my/Current_News/BTIMES/articles/20120126115346/Article/#ixzz1kXspK89C
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