a better question is probably when will the orderbook increase back to above 3bil? There should be contracts coming in from middle east once US and Iran conflict cools down. Wasco launched a new fabrication yard in United Arab Emirates' Jebel Ali Free Zone (JAFZA) mid of 2025 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. The yard complements Wasco’s existing fabrication hubs in Batam, Indonesia, and Telok Panglima Garang in Malaysia, and pipe coating plants in Qatar, Malaysia, the UK and Tanzania

upstream players will be the primary beneficiary for the current high oil price. And, when upstream players starts to increase the capex, Wasco will stand to benefit from the capex spending. give it 6 to 12 months and observe the orderbook progress. after all, it has a 12bil tenderbook.

no wonder its relatively strong today and could not get my lower seventies :( The new leadership under Gian Carlo Maccagno is really strong. The business rebranding and transformation that he started in 2023/2024 (Wah Seong to Wasco, Greenergy, shut down the trading business, stronger balance sheet, resumption of dividend) are now extending to digital transformation. https://www.thefastmode.com/expert-opinion/48827-wasco-berhad-at-atxsg-2026-ai-driven-operations-cyber-resilience-industrial-transformation