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KLSE: HSL       HOCK SENG LEE BHD
Last Price Avg Target Price   Upside/Downside Price Call
1.34 1.33     -0.01 (0.75%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
28/12/2018 1.35 1.21 -0.14 (10.37%) HOLD PUBLIC BANK Price Target News
28/12/2018 1.35 1.54 +0.19 (14.07%) BUY MIDF Price Target News
28/12/2018 1.35 1.41 +0.06 (4.44%) HOLD HLG Price Target News
30/11/2018 1.35 1.21 -0.14 (10.37%) HOLD PUBLIC BANK Price Target News
30/11/2018 1.35 1.54 +0.19 (14.07%) BUY MIDF Price Target News
30/11/2018 1.35 1.30 -0.05 (3.70%) HOLD KENANGA Price Target News
30/11/2018 1.35 1.41 +0.06 (4.44%) HOLD HLG Price Target News
29/11/2018 1.33 1.02 -0.31 (23.31%) SELL AmInvest Price Target News
17/08/2018 1.46 1.30 -0.16 (10.96%) SELL KENANGA Price Target News
17/08/2018 1.46 1.38 -0.08 (5.48%) HOLD HLG Price Target News
16/08/2018 1.45 1.50 +0.05 (3.45%) HOLD MIDF Price Target News
16/08/2018 1.45 1.25 -0.20 (13.79%) HOLD AmInvest Price Target News
15/08/2018 1.44 1.40 -0.04 (2.78%) HOLD KENANGA Price Target News
15/08/2018 1.44 1.38 -0.06 (4.17%) HOLD HLG Price Target News
14/08/2018 1.37 1.25 -0.12 (8.76%) HOLD AmInvest Price Target News
12/08/2018 1.37 1.25 -0.12 (8.76%) HOLD AmInvest Price Target News


Price Target Research Article/News (past 6 months)
28/12/2018  PUBLIC BANK Hock Seng Lee Berhad - New Year Gift
28/12/2018  MIDF Hock Seng Lee Berhad - Award of contract by Sarawak Energy Berhad
28/12/2018  HLG Hock Seng Lee - Sarawak Energy Substation Job Win
30/11/2018  PUBLIC BANK Hock Seng Lee Berhad - Back to Losses
30/11/2018  MIDF Hock Seng Lee Berhad - Tangible Catalysts Likely in the Cards Soon
30/11/2018  KENANGA Hock Seng Lee Bhd - 9M18 Broadly Within Expectations
30/11/2018  HLG Hock Seng Lee - 3Q results below expectations
29/11/2018  AmInvest Hock Seng Lee - 9MFY18 net profit grows 33% YoY, but muted prospects ahead
17/08/2018  KENANGA Hock Seng Lee Bhd - 1H18 Below Expectations
17/08/2018  HLG Hock Seng Lee - On the Right Track
16/08/2018  MIDF Hock Seng Lee - Good News But Mitigating Billings Gap Is Pertinent
16/08/2018  AmInvest Hock Seng Lee - 1HFY18 net profit grows 33% YoY
15/08/2018  KENANGA Hock Seng Lee - Bags First Job for the Year
15/08/2018  HLG Hock Seng Lee - First Job Win in FY18
14/08/2018  AmInvest Hock Seng Lee - Lands RM101.2mil building job in Bintulu
12/08/2018  AmInvest Hock Seng Lee - Riding out the downturn



  6 people like this.
 
jenngu 6:14PM YU CHEE HOE (70,000 units Acquired) - Executive Director HSL
6:14PM LAU KIING KANG (225,000 units Acquired) - Managing Director HSL
6:14PM YU CHEE HOE (70,000 units Acquired) - Executive Director HSL

18MAY18, above transacted,
21/05/2018 09:47
masterus CMSB slip below RM1.90. Will it fall again tomorrow?
21/05/2018 10:34
cheoky buy
21/05/2018 10:50
jenngu Myeg limit down almost 3x, CMSB still a ??, maybe 1.50 is the support
21/05/2018 11:05
masterus Now cmsb below 1.80
21/05/2018 12:06
cheoky why keep dropping. omg.
22/05/2018 09:52
davidkkw79 “There has been some impact on our share price recently, but it is now rebounding and we know the fundamentals of the company are strong,” Yu added.

He reassured shareholders that there was no material event that has precipitated this and that all mega projects and the 16 or so other projects across Sarawak, have been progressing well.

With regards to the outlook for the rest of the year, Yu said he anticipates the uptick in revenue and improvement in margins to continue with the increase in construction activities.
25/05/2018 13:35
davidkkw79 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5800213
25/05/2018 13:41
Dolly_Chai2 The manifesto of the present federal government identifies infrastructure development as the key driver
of economic growth and has promised to increase petroleum royalties to the East Malaysian states
thereby enabling a greater allocation of resources.
These resources can be channeled into better infrastructure including clean water and clean energy to
urban and rural areas, roads and bridges, schools and health centres – all of which offer opportunities for
the construction industry in Sarawak, particularly as contracts are to go to locals.
With regard to the outlook for the rest of the year, Dato Paul Yu, said he anticipated the uptick in revenue
and improvement in margins to continue with the increase in construction activities.
30/05/2018 14:45
Dolly_Chai2 seems very positive to HSL...
30/05/2018 14:45
davidkkw79 HSL is very impartiality in any business tender. They don't play any under table one. If the government projects tender being even fair indeed HSL will have very high chance to secure more projects due to their company performance record and it's healthy balance sheet.
04/06/2018 13:53
davidkkw79 Dolly chai2 is right. He got read the Buku Harapan. According to pakatan Harapan they do deliver their promises to rakyat to fullfill their janji. One of the janji they promise is they will continue pan borneo highway projects to take care of Borneo people.
04/06/2018 13:55
davidkkw79 https://www.thestar.com.my/business/business-news/2018/06/01/uem-edgenta-bags-consulting-job-for-pan-borneo-sabah-highway-project/
04/06/2018 13:55
davidkkw79 http://www.theborneopost.com/2018/06/04/pan-borneo-highway-project-must-go-forward/amp/
04/06/2018 18:59
keyin Trap
10/06/2018 22:54
James Ng https://klse.i3investor.com/blogs/general/162639.jsp
[转贴] [HOCK SENG LEE BHD,忙于执行工作] - James的股票投资James Share Investing
25/06/2018 14:00
davidkkw79 牛仔很忙?
03/07/2018 16:28
newbiehk2014 Pan borneo project not cut. Good for HSL?
03/08/2018 07:29
newbiehk2014 the latest IB report is really contradicting. Says good and no problem but cut the target price. Ha ha, aiming to collect cheap? sound fishy.....especially if you notice bosses are supporting the price in recent months and weeks.
09/08/2018 07:39
davidkkw79 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5882893
15/08/2018 09:18
davidkkw79 https://www.thestar.com.my/business/business-news/2018/08/14/hsl-secures-rm101-18mil-contract-from-petronas/
15/08/2018 09:59
Jordan Khoo Best timing to buy
15/08/2018 10:46
Jasper Coo good to invest
15/08/2018 11:00
Lim Tek Wai 买买买
15/08/2018 11:46
davidkkw79 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5885137
16/08/2018 14:07
davidkkw79 Good good new ! Revenue has 100% double up, cash reserve also has double up to 140 millions. Dividend also coming :)
16/08/2018 14:09
Jasper Coo Strong momentum time to invest now.
16/08/2018 15:03
mike90 (Icon) Hock Seng Lee (1) - 10 Reasons Why You Should Load Up On This Stock

https://klse.i3investor.com/blogs/icon8888/122168.jsp

Above article still valid?
16/08/2018 23:25
davidkkw79 It's momentum is just about the right time to get stronger and stronger.
17/08/2018 08:09
Jeremy_Chew mike90... yes.. still very much valid...
they have 3.1billion worth of contract on hand, with some 2.5billions oustanding (unbilled)...

that means they have work that at least will sustain them for 4-5 years assuming their yearly revenue is around 500-600million.

And this is the highest ROE construction company in Bursa. Net cash company (cash 139.8 mil, total LT + ST debt only 12+36mil...)

And this is what their MD said:

“We have recorded profit every reporting period since our listing on the exchange in 1996 and also
recorded sound returns to our loyal investors each year,” said Dato Paul Yu.
23/08/2018 14:38
Jeremy_Chew In latest Q2 report:

Current Year Prospects
With a record order book of RM3.1 billion of which some RM2.5 billion is unbilled, the Group continues to be busy
on work execution. There has been an increase in the construction activities which has translated into higher
revenue since the Fourth Quarter 2017. Revenue growth has been registered in both its construction and
property development sector in the second quarter of 2018 and such trend is expected to continue. Overall profit
margin has improved compared to that of 2017. The Group remains competitive in our tendering and project
procurement will continue to be undertaken in line with our prudent project management strategies, taking due
consideration of the capacity and capabilities of the Group vis-a-vis the rising needs for developments in the
State. HSL foresees the property development segment, with a variety of products on offer, will make a greater
impact on the business of HSL Group in 2018 and beyond.
23/08/2018 15:08
Jeremy_Chew Management already indicated a stronger Q3 & Q4 ahead... just bought some shares recently.. will top up more if it drops some more...
23/08/2018 15:09
davidkkw79 Nowadays selection stocks is very important, not as easy as last time. Choose the safety and every quarter is keep on improving one is very important.
23/08/2018 17:59
Jeremy_Chew hor seh liao... the only doubt that was raised previously has now been resolved...
Government just mentioned that the Pan Borneo project will not be cancelled and will continue...
Great news for HSL indeed...

and i always think that no political party will dare to touch Sabah & Sarawak projects..
they need their votes so much (that these votes are very critical to decide who win the federal government...

and HSL is one of the leading marine & construction companies in Sarawak...
05/09/2018 11:21
Jaden Am afraid dis counter baru start want jatuh..
25/10/2018 13:27
davidkkw79 Last time under BN government, most Borneo project were favor to Taib company only. Hope now under PH government, those Borneo projects will be assigned to those real competitive company such as HSL.
13/11/2018 19:19
davidkkw79 Revenue has continue up 65 percent !
29/11/2018 13:42
davidkkw79 “We are seeing our construction activity ramp up since last year and we are also eyeing substantial new
contracts,” disclosed Dato Paul Yu.
The Coastal Road, the Second Trunk Road and contracts associated with the water grid are all on HSL’s
radar as they draw on the Group’s strength in geotechnical and marine engineering.
“Our procurement team has been busy of late with pre-qualification and tender submissions,” said Dato
Paul Yu.
Meanwhile, the property sector has sustained its strong performance and by year end it is looking to
complete several phases of its top selling residential developments at Samariang Aman 2 and La
Promenade as well as industrial units at the Vista Industrial Park (VIP).
“We expect to finish 2018 in a favourable position with profits improving and our growth trajectory
continuing.
We also have opportunities for new works ahead,” said Dato Paul Yu.
29/11/2018 13:42
davidkkw79 Next catalyst will be substantial new contract !
29/11/2018 18:40
davidkkw79 The State Government of Sarawak recently rolled out several mega sized
projects such as the Coastal Road and Trunk Road Project as well as water works projects and these contracts are mostly in pre-qualification or tendering stage.
29/11/2018 20:12
Jeremy_Chew Seems like HSL is not affected much by the change of government / cancellation of mega projects... the latest results still look good!
30/11/2018 15:09
Jeremy_Chew looks promising on their prospects:

Current Year Prospects

With a record order book of RM3 billion with some RM2.4 billion unbilled, the Group will be busy on work
execution. There has been an increase in the construction activities which has translated into higher revenue
since the Fourth Quarter 2017. Revenue growth has been registered in both the construction and property
development sector in the third quarter of 2018 compared to the second quarter and such trend is expected to
continue with improved profits. The State Government of Sarawak recently rolled out several mega sized
projects such as the Coastal Road and Trunk Road Project as well as water works projects and these contracts
are mostly in pre-qualification or tendering stage. Project procurement is undertaken in line with our prudent
project management strategies, taking due consideration of the capacity, capabilities and competitive advantages
of the Group. HSL foresees the property development segment, with a variety of products on offer, will make a
greater impact on the business of HSL Group in 2018 and beyond.
03/12/2018 15:47
Jeremy_Chew finally found some info about the impact of mega project costs-cutting... as expected, HSL is not affected by the costs cutting activities:

According to the Ministry of Works, overall progress for the PBS project advanced to 35% as at Oct 2018, from 30% in June. A final cost reduction of MYR660m (4% of the original MYR16.5bn) was also determined, and will come from lower project development partner (PDP) fees, leaving the value of construction packages unchanged. This, in our view, lifts the risk of a reduction in HSL’s PBS contract value.
03/12/2018 15:56
davidkkw79 http://www.panborneo.com.my/2018/12/04/telok-melano-sematan-stretch-in-last-lap-of-construction/
04/12/2018 16:50
davidkkw79 Wow, what happened ?
27/12/2018 16:41
davidkkw79 The Board of Directors of Hock Seng Lee Berhad (“HSL”) is pleased to announce that the Consortium of Larsen & Toubro Limited, Hock Seng Lee Berhad and Larsen & Toubro (East Asia) Sdn Bhd has been awarded a Contract by Sarawak Energy Berhad for the Matang 275/132/33/kV Substation Project in Matang, Kuching, Sarawak (“the Project”). The Project is worth Ringgit Malaysia Ninety Million Nine Hundred and Eighty Eight Thousand Eight Hundred and Eighty Only (RM90,988,880.00) and Hock Seng Lee Berhad has 45% equity in the Consortium. Larsen & Toubro Limited is a company incorporated under the Laws of Republic of India while Larsen & Toubro (East Asia) Sdn Bhd is an associated company of Larsen & Toubro Limited.

The scope of works for HSL includes earth works, pilling, civil infrastructure works, building and its related mechanical and electrical works.

The contract period for the completion and commissioning of the Project is thirty-two (32) months commencing 7 January 2019. The Contract is expected to contribute positively to the earnings and net assets of HSL Group as the Project progresses during the contract period. However, the transaction will not have any effect on the share capital and substantial shareholdings of HSL.
27/12/2018 19:36
davidkkw79 http://www.theedgemarkets.com/article/sarawak-next-place-be-construction-says-hlib-research
28/12/2018 21:54
davidkkw79 People need to really see big projects awarded then only willing to buy in.... = =
31/12/2018 10:42
Srsm Trader Good fundamental company. But why no body interested, just wondering...
01/01/2019 21:06
davidkkw79 There is a China movie called 让子弹飞,it has showed that most of the people wouldn't follow even though it has shown positive trend, but they will still wait until at the time of big projects awarded only then start to believe it and grab it.
02/01/2019 08:05


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