Well positioned for more jobs.maintain BUY on with a sum-of parts fair value of RM2.59/share, which includes a PE of 9x against its 3-year average forward earnings for its construction division. The valuation is supported by net cash of 40 sen/share and RNAV for its 890acre-landbank at 65 sen/share. AND 1) strong earnings visibility over FY12F-FY14F, 2) strong balance sheet, including the RM200mil cash in hand, and 3) as a proxy to the strong growth in the state's construction sector given other potential jobs in the pipeline within and without SCORE .
KUALA LUMPUR: Hock Seng Lee Bhd (HSL) has secured a RM48.86mil contract for the infrastructure works at the Samalaju Industrial Park in Bintulu, Sarawak.
It said on Thursday it had received a letter of acceptance from the Lembaga Kemajuan Bintulu for the project which included earthworks, drainage and pavement.
"The works of the project will be due to be completed in the third quarter of 2014," it said.
HSL is of the opinion that its skill set, experience and cost-competitiveness would enable the company to stand a better chance when bidding for and undertaking SCORE-related projects. The company also expects more contracts from this dynamic region of the state.
Since I was in this stock, I'm not disappointed if something is no longer a continue cycle uptrend. All I care about is the future potential relative to what I have to pay for it. Yes,let's Mr.Market to define the actual direction for it.No worry,can sleep well during night.Right?
this counter is not that good, for financial year 2011, earning per share only 15.81. cummulatively for first 3 quarter 2012 only 11.69. , how is it the target price is around rm2 ?? nonsense
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0:17
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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....
cmchin
146 posts
Posted by cmchin > 2012-11-01 23:30 | Report Abuse
Any good new from this counter? Wait quite some times.....
Price 1.60 still can buy?