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Stock Screener·Malaysia·Energy·5142.KL
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Wasco Berhad Stocks

MYR 0.83Last Updated 04.09.2026

Issuer Rating

5/7
Performance

Strong

Risk

Considerable

Recommendation

Hold

Market Cap

MYR 158.08M

MYR 0.83
Key Takeaways

Risk factor

Very poor trading liquidity

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Data is available to registered users only

Profitability factor

Greatly undervalued vs peers

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Risks

  • Default risk
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  • Volatility
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  • Selling difficulty
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  • Stress test
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  • Country risks
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  • Other risks
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About

Wasco Berhad, established in 1994 and headquartered in Kuala Lumpur, Malaysia, is a global provider of oil and gas as well as industrial services. The company was formerly known as Wah Seong Corporation Berhad, changing to its current name in May 2023. Its operations are structured into three key segments. The Energy Solutions division specializes in pipe coating and manufacturing, alongside the construction and management of both offshore and onshore field development facilities. This segment also delivers bespoke equipment and services to the power generation, oleochemical, and petrochemical sectors. The Renewable Energy segment focuses on producing and supplying specialized equipment, such as industrial fans, boilers, and turbines, for biomass power plants. Meanwhile, the Industrial Trading & Services segment is involved in the distribution and trade of building materials, as well as the manufacturing and supply of industrial pipes for the construction industry. Beyond these core areas, Wasco Berhad offers a wide array of specialized services and products. These include comprehensive management support, various construction activities, property investment, marketing, and treasury services. The company provides crucial protective solutions like cathodic, corrosion, passive fire protection, and paint coating, along with technical training. It also engages in property and equipment leasing, explicitly offering compressors and power generators for lease. In terms of manufacturing and engineering, Wasco produces and supplies sacrificial anodes, spiral welded pipes, and steel pipes and related products. It designs, engineers, fabricates, and sells advanced gas processing and compression systems, as well as gas-based power generators, providing associated servicing and spare parts. The company's expertise extends to general fabrication services, anti-corrosion and concrete weight coating, and line pipe thermal insulation, covering all aspects of engineering, design, construction, and installation for various projects. Furthermore, Wasco undertakes industrial engineering projects, develops technological products, and manages steam boiler and energy system projects. Its activities also encompass the trading, processing, assembly, and storage of bonded goods, alongside the supply of fuel, gas, and gas cylinders.

Company Valuation

Greatly undervalued
7/7

Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT

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Target Price

Favourable
6/7

The average target price of 5142.KL is 1.29 and suggests 57.3% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i

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Risks

  • Default risk
    Data is available to registered users only
  • Volatility
    Data is available to registered users only
  • Selling difficulty
    Data is available to registered users only
  • Stress test
    Data is available to registered users only
  • Country risks
    Data is available to registered users only
  • Other risks
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