HSS will hit 70 sen on maiden trading day. At 5pm it will announce that Chua Ma Yu is cornerstone investor. Remember in Malaysia rumours are often more real than fiction. Buy this IPO
Rumours aside, HSS despite being owned by non bumis, boast some 71 per cent of their revenue directly coming from government contracts.Thats about 70m a year. HSs has an order book of 300m. With the government having some RM20b of contracts on its plate to award. HSS being the sole listed company in this field looks like it will have a great short of securing a lion share of the job. If this happens. HSS sooner rather than later will be a main board company.
I'm more interested in their BIM capabilities. Read somewhere that BIM is the future of construction, and there are no other BIM players in the market. There is potential to grow. Definitely a good buy.
15 Aug news HSS ENGINEERS BERHAD ("HEB" OR "COMPANY")- ACCEPTANCE OF AWARD FROM IJMC-KEB JOINT VENTURE FOR THE PROVISION OF CONSTRUCTION SUPERVISION FOR WEST COAST EXPRESSWAY SELANGOR ALIGNMENT FOR RM41,325,300.00
not bad.. this company corporate news machinery is working.
PLEASE READ CAREFULLY ABOUT THEIR PROSPECTUS AVAILABLE IN BURSA WEBSITE. The GROUP, referred to HSSEB, mentioned that their EPS for 2013, 2014 and 2015. If I use EPS of 2015 given, that is about 3.50 and used the average PE ratio (11.xx) as mentioned. The fair value of share price should be RM0.3xxxx. What for to purchase this share if you know they cannot earn EPS more than 10sen in one year?
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Posted by Hiu Chee Keong > 2016-07-05 22:13 | Report Abuse
Any target price by research houses ?