well written icon.. but you missed out one important point..
one of the main reasons why it has not gone up yet: 1) the 2 Mega projects won (Pan Borneo Highway and Kuching Centralised Wastewater Management Project) were at initial/start-up stages so not much revenue had been recognized as of the past few quarters. This has dragged down the 2016 performance. But if you follow FA, u will know that for construction, the revenue recognition is done based on construction progress instead of being linearized every quarter... so you can expect much more revenue and profit recognition in Q2, 3 or 4 this year and even in 2018... as most of us are aware, the unbilled orderbook is so strong that the revenue and profit is already guaranteed for at least 4-5 years
i have mentioned this many times at HSL forum but not many have listened...
when the mega project revenue and profit kick in, we will see who will laugh all the way to the bank...
Wah sifu icon, you also HSL fan ka. Ive been waiting to get in again this stock sub 1.60 and as you said, we all knew this 1Q will be slow. But I believe 2Q onwards will pick up slowly so waiting patiently. The stock didnt react as I wanted yet but I think soon the selling may start.
Don't worry, previous speculator has been force selling dump from 1.63 to 1.58. Now the price has quickly rebounce back to 1.63. Mean banker has clear off road block, price should start to go up sharply anytime. :)
haha, i will join them... by looking at the prospect, the lower it drops now, higher the return in the future for us. So share price drop is definitely welcome now...
0 trading volume today... which means most of the shareholders are now holding tight at RM1.64 (2k units queuing at RM1.63 whole day but no ppl wants to let go at that price). When demand > supply, we know what will happen next. hehehe...
I also think it's a good price to enter if anyone has holding power. The earning of coming quarters will sure improve significantly with their order book on hand.
doesn't look good on HSL as the slow progress of Pan Borneo highway and wastewater management project, which contributed 67% of their 2.9b outstanding order book. Cut loss at 1.50 and to revisit next year.
it is a regret to see Chong Jiunn Hau, my Evergreen buddy to have left HSL... haha.. but nvm, there is no absolute right or wrong... wish him best of luck...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Dolly_Chai2
971 posts
Posted by Dolly_Chai2 > 2017-05-03 11:15 | Report Abuse
We are convinced that earnings will make a comeback during the 2QFYE17-3QFYE17 as HSL would be able to recognize billings from Pan Borneo project.