bro rocky... no point arguing here with you... just take a look at today's share price of HSL... ppl started to discover its great potential in winning Pan Borneo jobs and other construction jobs in Sarawak as the government is now mainly focusing on Sarawak... and we all know why BN is so scared to piss off Sarawakians... and the only way of pleasing them is to launch more developments... let's see...
today the price shot up to as high as RM2.11 from yesterday's closed RM1.98... and it will continue its uptrend climb when more ppl discover that HSL is one of the main beneficiaries of the incoming big big Sarawak projects.... another counter to look at is Pansar... as this company is one of the biggest construction materials trading companies in Sarawak...
rockycleft... i feel sad for you... we are talking about HSL and you switch topic to mflour... bcoz u have seen HSL surge up a lot these 2 days that you tried to divert others' attention? haha...
HSL - Proven Meletup ! Order book double after waste management, RM 750 mil, next Triple order book when Pan Borneo Awards.. congrats to patience holder !
The Board of Directors of Hock Seng Lee Berhad (“HSL”) is pleased to announce that the consortium of Kumpulan Nishimatsu Hock Seng Lee has been awarded a contract by the State Government of Sarawak through Jabatan Perkhidmatan Pembetungan Sarawak, worth Ringgit Malaysia Seven Hundred Fifty Million Only (RM750,000,000.00) for the Kuching City Central Wastewater Management System: Centralized Sewerage For Kuching City Centre (Package 2) (“the Project”).
Hock Seng Lee Berhad has 75% equity in the Consortium. The scope of works for the Project includes construction and commissioning of the wastewater treatment plant, main, secondary and tertiary lines, property connections, provision of process plant and equipment, related building works, mechanical and electrical works.
The contract period for the completion and commissioning of the wastewater treatment plant and the sewer networks is seventy two (72) months. 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.
if you guys scrolled back what I wrote even before the release of this announcement on Bursa website, you will know how much homework I had done with HSL... see my previous posts in Jan and Mar 14-16... I already foresee tonnes of contracts flowing in for HSL... (for sure)...
guess what, the next counter to boom is PANSAR.. bro LTA, if you do a little bit of study.. u know PANSAR is one the biggest trading companies/suppliers for construction materials in Sarawak... haha... dun say I dun give u lubang.. buy now while the price has not gone up...
That 750mil on sewage project alone, what about the Pan Borneo highway project plus the hype of the coming state election in which many other projects will be dangled. HSL is looking promising if we take all that into consideration.
Hock Seng Lee (HSL MK, BUY, TP: MYR2.54) Winning Centralised Sewerage Package 2 Corporate News Flash Hock Seng Lee (HSL) has secured the MYR750m Kuching centralised sewerage contract (Package 2) via its 75% owned consortium. We reiterate BUY on the stock with TP raised to MYR2.54 (from MYR2.27, 27% upside) after incorporating the additional contributions from this project and rolling over our valuations to FY17F. Meanwhile, the firm is also a front-runner to win roadwork packages for the Pan Borneo Highway (Sarawak).
bro "quest"... i think it will easily shoot up to >RM3.00 in near term.. what if you are more optimistic, RM4 is not impossible.. just look at the fat meat from Pan Borneo Highway, SCORE projects, etc... election is coming so u guess BN dont wan to please Sarawakians?? haha
I bet the crazy rocky is a die-hard BN fans so he already knew this is gonna happen... he is pretending to de-value HSL so that the price will go down.. that is the time he will be able to collect HSL at much cheaper cost.. that is my guess... haha
The Board of Directors of Hock Seng Lee Berhad (“HSL”) is pleased to announce that the Consortium of Hock Seng Lee Berhad – Dhaya Maju Infrastructure (Asia) Sdn. Bhd. Joint Venture, an unincorporated joint venture between Hock Seng Lee Berhad and Dhaya Maju Infrastructure (Asia) Sdn. Bhd., has been awarded a Contract by Lebuhraya Borneo Utara Sdn Bhd for the DEVELOPMENT AND UPGRADING OF THE PROPOSED PAN BORNEO HIGHWAY IN THE STATE OF SARAWAK, MALAYSIA - PHASE 1: BINTANGOR JUNCTION TO JULAU JUNCTION AND SIBU AIRPORT TO SG. KUA BRDIGE (INCLUDING BATANG RAJANG BRIDGE). The Project is worth Ringgit Malaysia One Thousand and Seven Hundred and Ten Million, Four Hundred and Thirty One Thousand, Seven Hundred and Eighteen and Sen Ninety Only (RM1,710,431,718.90) and Hock Seng Lee Berhad has 70% equity in the Consortium.
The scope of works for the Project includes earth works, piling, drainage works, road works, interchanges, bridges and its related mechanical and electrical works.
The contract period for the completion of the Project is 51 months. 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.
None of the directors and/or major shareholders of HSL or persons connected to them have any interest, direct or indirect, in the above contract.
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Posted by iloveshare128 > 2016-03-16 09:59 | Report Abuse
bro rocky... no point arguing here with you... just take a look at today's share price of HSL... ppl started to discover its great potential in winning Pan Borneo jobs and other construction jobs in Sarawak as the government is now mainly focusing on Sarawak... and we all know why BN is so scared to piss off Sarawakians... and the only way of pleasing them is to launch more developments... let's see...