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Last Price Today's Change   Day's Range   Trading Volume
1.19   +0.05 (4.39%)  1.14 - 1.19  756,300
3,200 comment(s). Last comment by YF24 at Mar 20, 2019 5:46 PM
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edmen
180 posts

Posted by edmen > Feb 22, 2019 9:24 AM | Report Abuse

Price is controlled by syndicate - last 2-3 days heavy selldown - get rid of small fries and then bought back next day - they knew results would be bad - now with majority shares at hand they are able to control the price. good work!

YF24 - possibly RM 1.00++


edmen
180 posts

Posted by edmen > Feb 22, 2019 9:45 AM | Report Abuse

Good opportunity for those accumulate low now - once ECRL confirmed - it will be a blessing!


edmen
180 posts

Posted by edmen > Feb 22, 2019 10:56 AM | Report Abuse

looking at the volume - will go above RM 1++ - wait n see....


ignasio
148 posts

Posted by ignasio > Feb 22, 2019 2:57 PM | Report Abuse

god stock , rip early morning panic seller


Ehome009
54 posts

Posted by Ehome009 > Feb 22, 2019 2:57 PM | Report Abuse

What a come back despite heavy losses!


edmen
180 posts

Posted by edmen > Feb 22, 2019 3:40 PM | Report Abuse

looks like somebody knew that the likelihood of the ECRL's fate is gonna be ON


amet2017
1893 posts

Posted by amet2017 > Feb 22, 2019 3:41 PM | Report Abuse

I believe its written somewhere in the report. They are expecting the ecrl resumption


edmen
180 posts

Posted by edmen > Feb 22, 2019 3:47 PM | Report Abuse

buy buy buy, resistance broken...


edmen
180 posts

Posted by edmen > Feb 22, 2019 3:49 PM | Report Abuse

next week price is set to soar - another iwcity in the making....


Ehome009
54 posts

Posted by Ehome009 > Feb 22, 2019 3:49 PM | Report Abuse

Edmen,I concur with your notions


Ehome009
54 posts

Posted by Ehome009 > Feb 22, 2019 3:51 PM | Report Abuse

all negatives were removed, the only direction is up...


apolloang
12110 posts

Posted by apolloang > Feb 22, 2019 3:56 PM | Report Abuse

still using the same old crook tactic ar? like this vote PH what for?


Ehome009
54 posts

Posted by Ehome009 > Feb 22, 2019 3:57 PM | Report Abuse

Posted by YF24 > Feb 21, 2019 06:53 PM | Report Abuse

open drop but will bound back after awhile closing up 10sen 1.10 : )


YF24 was so correct in his yesterday's prediction


apolloang
12110 posts

Posted by apolloang > Feb 22, 2019 4:01 PM | Report Abuse

we vote for new misa not the old crook thinking otak kolot


amet2017
1893 posts

Posted by amet2017 > Feb 22, 2019 4:05 PM | Report Abuse

ok2 can go those badmouth yesterday can search for new counter to badmouth...kikiki


xuxu
147 posts

Posted by xuxu > Feb 22, 2019 4:31 PM | Report Abuse

dramatic!


apolloang
12110 posts

Posted by apolloang > Feb 22, 2019 4:37 PM | Report Abuse

cheat the ikan bilis…..tipu post big losses but push up


YF24
1145 posts

Posted by YF24 > Feb 22, 2019 6:05 PM | Report Abuse

Thanks for hsseb give me a huge profit in a day : )


PotentialGhost
717 posts

Posted by PotentialGhost > Feb 22, 2019 6:22 PM | Report Abuse

Bravo


Tan Issac
82 posts

Posted by Tan Issac > Feb 22, 2019 6:55 PM | Report Abuse

funny stock,huge losses but still can up


DreamCommander
1420 posts

Posted by DreamCommander > Feb 22, 2019 9:38 PM | Report Abuse

Wow


DreamCommander
1420 posts

Posted by DreamCommander > Feb 22, 2019 9:39 PM | Report Abuse

Future prospects more important


lai81533
760 posts

Posted by lai81533 > Feb 22, 2019 10:32 PM | Report Abuse

Trending GOod


PotentialGhost
717 posts

Posted by PotentialGhost > Feb 23, 2019 1:25 AM | Report Abuse

Bravo


5354_
1105 posts

Posted by 5354_ > Feb 23, 2019 9:32 AM | Report Abuse

Why fly even so much loss? Boss give corruption to bankers/Bursa?


amet2017
1893 posts

Posted by amet2017 > Feb 23, 2019 10:41 AM | Report Abuse

The word is impairment..read carefully the QR report.


cytew
1058 posts

Posted by cytew > Feb 23, 2019 11:17 AM | Report Abuse

written of some goodwill , is a very good move, it will improve it's ROE


Dickyyou
32 posts

Posted by Dickyyou > Feb 23, 2019 11:23 AM | Report Abuse

RM 119.529 million loss, revenue, NTA drop why good?
https://klse.i3investor.com/servlets/stk/fin/0185.jsp


lai81533
760 posts

Posted by lai81533 > Feb 27, 2019 10:58 AM | Report Abuse

Good stocks. Laugh later


lai81533
760 posts

Posted by lai81533 > Feb 27, 2019 10:16 PM | Report Abuse

strong big players good


lai81533
760 posts

Posted by lai81533 > Mar 1, 2019 5:41 AM | Report Abuse

Strong. Go hsseb warrant a


vamsiprince
29 posts

Posted by vamsiprince > Mar 1, 2019 2:27 PM | Report Abuse

Hsseb looking good . When to buy ? when to sell ? message me in telegram @vamsiCV


lai81533
760 posts

Posted by lai81533 > Mar 7, 2019 9:03 PM | Report Abuse

strong trend


YF24
1145 posts

Posted by YF24 > Mar 8, 2019 6:22 PM | Report Abuse

yes next week limit up : )


Pak Abu
1279 posts

Posted by Pak Abu > Mar 11, 2019 4:36 PM | Report Abuse

Rm2 tomolo!!!


Pak Abu
1279 posts

Posted by Pak Abu > Mar 11, 2019 4:36 PM | Report Abuse

heheheheeee...


YF24
1145 posts

Posted by YF24 > Mar 11, 2019 4:36 PM | Report Abuse

if ECRL on this courter will boom boom boom x3 TP2 within a month


Pak Abu
1279 posts

Posted by Pak Abu > Mar 11, 2019 4:38 PM | Report Abuse

ECRL???


calvintaneng
1872 posts

Posted by calvintaneng > Mar 11, 2019 4:39 PM |

Post removed. Why?


Pak Abu
1279 posts

Posted by Pak Abu > Mar 11, 2019 4:46 PM | Report Abuse

Econ n GBG will also up one


YF24
1145 posts

Posted by YF24 > Mar 11, 2019 11:18 PM | Report Abuse

1.15-1.18


Pak Abu
1279 posts

Posted by Pak Abu > Mar 12, 2019 12:01 PM | Report Abuse

ECRL ??


Pak Abu
1279 posts

Posted by Pak Abu > Mar 12, 2019 2:46 PM | Report Abuse

Limit UP!!!!


YF24
1145 posts

Posted by YF24 > Mar 12, 2019 6:34 PM | Report Abuse

haha chun chun touch 1.18 : )


Sharulf
1 post

Posted by Sharulf > Mar 13, 2019 9:21 AM | Report Abuse

Lai,why laugh later ,any supporting reason? Thanks


commonsense
411 posts

Posted by commonsense > Mar 15, 2019 11:17 AM | Report Abuse

Excluding the large impairment on goodwill and impairment on receivables, HSSEB 4Q18 profit would have actually recorded a small profit of less than RM1mil translating to a very depressing core profit margins of only 2.1% vs the FY17 average profit margins of 10.3%.

This just shows how depressing is the current operating environment for the construction industry. Most construction companies are now chasing the same projects given that much of the large infrastructure projects that had helped improve the construction industries margins are now being reviewed, scale down, cancelled and delayed by the federal government. The intense competition has forced some companies to undercut others when tendering for projects. In most cases, the proposal made by these companies will barely result in any profit. Most of them are betting on variables orders to help push for profit later at the end of the project/ contract. Basically, they are betting to have a round of negotiation with their clients later hoping for the clients to agree on paying the additional variation orders (this was what happen in the O&G industry in FY15 and FY16).

Investors need to take note that a contract win does not necessarily translate to profit. The worst case is actually more probable with companies that submitted a too low offer having the risk of cost overruns (and in most cases they also face LAD penalties due to delay in delivering projects).
For HSS Engineering, investors need to take note that even if some of the big projects like ECRL are put back to work, it would be at a lower cost which will be at the expense of contractors like HSSEB.

With this in mind (and couple with the challenging construction environment), investors need to be prepared for HSSEB to deliver margins that are similar to 4Q18 of single low digit. Assuming the company managed to deliver a profit of RM10mil in FY19, at the current share price, the company would be valued at a very lofty valuation of 53x PE. Let say profit managed to improved to RM20mil (which is higher than FY17 and FY18 core profit), the company would still be valued at 26.5x PE. Very high given that the average PE for construction now is less than 10x.

If you are looking to hedge your portfolio outside of HSSEB (due to its weak earnings outlook and relatively high valuation), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.6x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.5x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.


YF24
1145 posts

Posted by YF24 > Mar 19, 2019 5:59 PM | Report Abuse

it's time to jump in again : )


michaelwong
1981 posts

Posted by michaelwong > Mar 20, 2019 12:50 AM | Report Abuse

commonsense l still agree with your sensible writes up , but under PH government more construction infrastructure is going to take place and construction and steel stocks would subsequently benefitted from the theme play even with cost review and reductions .


lai81533
760 posts

Posted by lai81533 > Mar 20, 2019 5:14 PM | Report Abuse

took profit HSSEB Wa


YF24
1145 posts

Posted by YF24 > Mar 20, 2019 5:46 PM | Report Abuse

Strong closing price tomorrow 1.20 and above : )

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