Handal is aligned to both incumbent Sawarak Govt and PETROS through Jacqueline Fong (daughter of JC Fong) and Musa Aman through his son Hafiz.
Political connections aside, until last years change in CEO, Handal had very limited (or zero) in business in Sarawak and Sabah.
These political connection are starting to present opportunities which finally made Handal profitable, but the leadership under Sunildeep Singh will make it a successful long term company.
Looking at the quarterly results, the cranes side of the business seems still profitable despite COVID. I foresee Handal as a group to be profitable soon when Oil demand recovers.
So many new wins on projects but no movement, I am guessing everyone only focus on Gloves and Vaccine stocks now. BBB now when it's low before it flyyyy!
Hi @dompeilee, I enjoy reading your comments on the counters you buy because I notice most of them go up after you buy-in. Do you have a TP for Handal?
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dasm1284
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Posted by dasm1284 > 2020-02-25 16:07 | Report Abuse
good news incoming?