Bursa Malaysia Stock Watch

Hock Seng Lee: Maintain Buy - Sizeable job win

kltrader
Publish date: Fri, 06 Jul 2012, 09:58 AM
kltrader
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Maintain Buy. HSL's recent MYR291m job win has lifted its order book MYR1.3b. Job wins YTD has already exceeded last year's. We are still positive on the stock. Trading at 9.5x current year earnings, we think this underscores its strong fundamentals and prospects in Sarawak construction. Our TP is pegged to 12x FY12 earnings.

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Source: Maybank Research - 6 July 2012
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