They lost the recently awarded contracts.. but as of mid 2017, they still have 400 mill projects which will last them 2-3 years (this 400 mill does not include any of HSR, ERCL, Pan Borneo or MRT 3)...and not forgetting recently acquired company SMHB have 338 mill order book. So up to you to do the calculation...
Seems like non of the director is attempting to buy back shares. Wisdomtot you’re right.. now 40 cents, you’re buying two companies ... SMHB and HSSEB.
value indeed emerging.. at 48 cents, HSSEB market cap is 238 million... Price paid to acquire SMHB 270 million... makes sense or not ? so consider the share price you pay is just to buy SMHB, then free HSSEB company shares.... makes sense or not? lol... lol
60 cents only gives you market cap slightly short of 300 million... only enough to buy SMHB... HSSEB was worth 1 billion before election... now give you for free... hahahaha.... buy SMHB, free HSSEB...
Obviously oversold. No doubt it affected by recently chopped projects, but many investors oso had forgotten its hidden prospects being shared earlier. This like panic selling
HSSEB price was above 1.00 when their order book was 400mil (excluding MRT3,ECRL,HSR,Pan Borneo HW) with total 300mil shares base ... Now HSSEB order book is 738mil (excluding MRT3,ECRL,HSR,Pan Borneo HW) with total 500mil shares base ... HSSEB is undervalued at below 1.20 ... Price shld be at least 1.20 to 1.40 to reflect it's actual value ... very attractive price to buy now ...
This is copy from Bursa web, press release on 7th May 2018. “We have continued to achieve significant milestones in 2018 that will propel HEB Group’s prospects, namely having completed the acquisition of SMHB which will allows us to upscale and upskill our team, and positioned us to take up greater role in Malaysia’s infrastructure boom, namely the water sector. Additionally, we have also recently secured our largest contract to date of RM289.9 million, as the Independent Consulting Engineer for KVMRT Line 3, which has boosted our order book close to RM1.0 billion. We are now tendering for approximately RM500.0 million worth of jobs, both in Malaysia as well as the South East Asian region, and aim to continue this growth momentum to reach our full potential.” Tan Sri Ir. Kuna Sittampalam Executive Vice Chairman, HSS Engineers Berhad
1B of order book - 289.9million MRT 3 Bal: 710million
ECRL Consultant for detail Design 25mil ECRL Supervision Consultancy for infrastructure 82.5mil KL-Spore Design Consultant RM18mil
Bal: 584.5 mil on hand order which is excluding MRT3, HSR & ECRL.
Lol Susan the analyst. Of coz hold la we all already knew this since mahathir announce the cancellation, still need to take advice from so call expert?
“The decision is not expected to have any significant impact on the operations and financials of the company given that only preliminary works have commenced this far, which will be compensated for in accordance with the terms and conditions of the contract,’ it said.
the termination of MRT3 have no impact on company is ridiculuos.. It will affect company total orderbook and future earning. and there is no any official announcement from management to clarify company future direction of recent tremendous changes
niten, the impact already reflected in the share price movement...selldown from 1.99 to 45 cents last week lo..apa lagi mau? last week already know MRT 3 cancelled, investors reacted already... today want to react to again to something which is public news, investors syiok sendiri... no time to brief you on the company orderbooks ,which some of the other forumers already shared above.. slowly read past forum thread if you are really concern about HSSEB..
No more bad news ... moving forward there will be compensation for work done for the terminated projects n winning of new projects soon ... HSSEB moving back to above 1.00 again ...
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....
SateMan
1,720 posts
Posted by SateMan > 2018-05-31 15:06 | Report Abuse
Die hsseb today