Latest news with #WascoBerhad
Zawya
7 days ago
- Business
- Zawya
Malaysia's Wasco Energy to set up fabrication yard in the UAE
Wasco Energy, the energy services division of Malaysia-listed Wasco Berhad, announced on Tuesday the launch of a new modular fabrication yard in Dubai's Jebel Ali Free Zone (JAFZA) to support energy and industrial infrastructure projects across the Middle East region. The facility, which spans 25,000 square metres (sqm) with an annual production capacity of 10,000 tonnes, complements the company's existing fabrication hubs in Batam (Indonesia) and Telok Panglima Garang (Malaysia), and pipe coating plants in Qatar, Malaysia, the United Kingdom, and Tanzania, according to a press statement issued by the company. The statement said the JAFZA facility is designed to fabricate process modules, Pre-Assembled Unit/ Pre-Assembled Rack (PAU/PAR) units, gas compressor packages, substations, and E-Houses for both onshore and offshore applications. Wasco Energy offers end-to-end modular solutions, from Front-end Engineering Design (FEED) to fabrication and final delivery supported by an in-house team of 600 engineers. Shan Karupiah, Chief Executive Officer of Wasco Energy said: 'This strategic expansion enhances our ability to service both regional and global projects with tailored engineering solutions that address the complex demands of today's energy landscape.' (Editing by Anoop Menon) (
Zawya
03-06-2025
- Business
- Zawya
Wasco launches UAE fabrication yard, expands capacity to meet modular infrastructure demand
DUBAI — Wasco Energy, the Energy Services division of Bursa Malaysia-listed Wasco Berhad, has officially launched a new fabrication yard in the Jebel Ali Free Zone ('JAFZA'), United Arab Emirates ('UAE'), strengthening its modular engineering and fabrication capabilities to support energy and industrial infrastructure projects across the Middle East and beyond. Spanning 25,000 square metres with an annual production capacity of 10,000 tonnes, the new facility is designed to fabricate process modules, Pre-Assembled Unit/ Pre-Assembled Rack ('PAU/PAR') units, gas compressor packages, substations, and E-Houses for both onshore and offshore applications. Its strategic location near one of the world's busiest ports enhances Wasco's ability to execute high-volume modular projects with greater efficiency and speed. 'This expansion is not just about scaling capacity, it's about positioning Wasco closer to our clients and the region's dynamic energy ecosystem,' said Shan Karupiah, Chief Executive Officer of Wasco Energy. 'With this new UAE facility, we are better equipped to deliver high-quality, customised, and modular solutions with speed, precision, and engineering depth.' Backed by a global team of over 600 in-house engineers, Wasco Energy offers end-to-end modular solutions—from Front-end Engineering Design ('FEED') to fabrication and final delivery—leveraging multidisciplinary expertise and proven execution capabilities. The facility is built to international Health, Safety, and Environment ('HSE') standards, incorporating stringent safety protocols and a strong zero-incident culture. The UAE yard complements Wasco's existing fabrication hubs in Batam (Indonesia) and Telok Panglima Garang (Malaysia), and pipe coating plants in Qatar, Malaysia, the United Kingdom, and Tanzania—reinforcing the Group's global infrastructure delivery network. Aligned with the UAE's In-Country Value ('ICV') programme, the new yard also advances local industrial development by promoting domestic content and strengthening regional supply chains. 'Our expanding global footprint underscores Wasco's commitment to executional excellence,' Shan added. 'This strategic expansion enhances our ability to service both regional and global projects with tailored engineering solutions that address the complex demands of today's energy landscape.' Wasco extended its appreciation to Mr. Abdulla Al Hashmi, Chief Operating Officer, Parks & Zones, DP World GCC; Ms. Ebtesam Alkaabi, Vice President, JAFZA Sales; and Mr. Saoud AlAwadhi, Director of Sales, for their support in establishing the facility. Mr. Al Hashmi welcomed Wasco's investment and reaffirmed JAFZA's commitment to long-term collaboration. About Wasco Berhad Founded in 1999, Wasco Berhad ( is a leading provider of energy infrastructure solutions with operations in over 14 countries. The Group operates through two key divisions: Energy Services and Bioenergy Services. Its Energy Services Division delivers advanced pipe coating, corrosion protection, modular fabrication, and EPC solutions to conventional and renewable energy sectors. Wasco is listed on the Main Market of Bursa Malaysia (KLSE: WASCO), is a member of the FTSE4Good Bursa Malaysia Index, and a signatory of the UN Global Compact. Issued by Wasco Berhad. For media enquiries, please contact Juliana Jamaluddin ( or Elinar Yasmeen (
Yahoo
08-05-2025
- Business
- Yahoo
We Think Wasco Berhad's (KLSE:WASCO) Robust Earnings Are Conservative
Wasco Berhad (KLSE:WASCO) recently posted some strong earnings, and the market responded positively. Our analysis found some more factors that we think are good for shareholders. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. KLSE:WASCO Earnings and Revenue History May 8th 2025 The Impact Of Unusual Items On Profit For anyone who wants to understand Wasco Berhad's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by RM38m due to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And that's hardly a surprise given these line items are considered unusual. Assuming those unusual expenses don't come up again, we'd therefore expect Wasco Berhad to produce a higher profit next year, all else being equal. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Our Take On Wasco Berhad's Profit Performance Unusual items (expenses) detracted from Wasco Berhad's earnings over the last year, but we might see an improvement next year. Based on this observation, we consider it likely that Wasco Berhad's statutory profit actually understates its earnings potential! And on top of that, its earnings per share increased by 49% in the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For example, Wasco Berhad has 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about. This note has only looked at a single factor that sheds light on the nature of Wasco Berhad's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
29-03-2025
- Business
- Yahoo
Wasco Berhad's (KLSE:WASCO) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Most readers would already be aware that Wasco Berhad's (KLSE:WASCO) stock increased significantly by 7.4% over the past week. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Specifically, we decided to study Wasco Berhad's ROE in this article. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Wasco Berhad is: 18% = RM166m ÷ RM948m (Based on the trailing twelve months to December 2024). The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every MYR1 worth of equity, the company was able to earn MYR0.18 in profit. View our latest analysis for Wasco Berhad So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. At first glance, Wasco Berhad seems to have a decent ROE. Further, the company's ROE is similar to the industry average of 16%. This probably goes some way in explaining Wasco Berhad's significant 59% net income growth over the past five years amongst other factors. However, there could also be other drivers behind this growth. For instance, the company has a low payout ratio or is being managed efficiently. Next, on comparing with the industry net income growth, we found that Wasco Berhad's growth is quite high when compared to the industry average growth of 29% in the same period, which is great to see. Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. Has the market priced in the future outlook for WASCO? You can find out in our latest intrinsic value infographic research report. Wasco Berhad's ' three-year median payout ratio is on the lower side at 10.0% implying that it is retaining a higher percentage (90%) of its profits. So it seems like the management is reinvesting profits heavily to grow its business and this reflects in its earnings growth number. Moreover, Wasco Berhad is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Looking at the current analyst consensus data, we can see that the company's future payout ratio is expected to rise to 12% over the next three years. Consequently, the higher expected payout ratio explains the decline in the company's expected ROE (to 11%) over the same period. On the whole, we feel that Wasco Berhad's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. With that said, on studying the latest analyst forecasts, we found that while the company has seen growth in its past earnings, analysts expect its future earnings to shrink. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
We Think Wasco Berhad's (KLSE:WASCO) Profit Is Only A Baseline For What They Can Achieve
Wasco Berhad (KLSE:WASCO) just reported healthy earnings but the stock price didn't move much. Investors are probably missing some underlying factors which are encouraging for the future of the company. See our latest analysis for Wasco Berhad For anyone who wants to understand Wasco Berhad's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by RM38m due to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. If Wasco Berhad doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Unusual items (expenses) detracted from Wasco Berhad's earnings over the last year, but we might see an improvement next year. Based on this observation, we consider it likely that Wasco Berhad's statutory profit actually understates its earnings potential! And on top of that, its earnings per share increased by 49% in the last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. Every company has risks, and we've spotted 1 warning sign for Wasco Berhad you should know about. Today we've zoomed in on a single data point to better understand the nature of Wasco Berhad's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
