Ya collect collect. Today market maker refuse to push up instead they want to push down more to drag this counter in oversold region but still not super oversold. Intraday short seller laugh at least can get average 5% return. Kah kah kah
HSSEB is a very productive goose that constantly laying eggs ... Don't kill the goose lar ... Price from 0.60 to 0.90 is a good 50% profit ... 0.60 to 1.20 is a fantastic 100% profit ...
Hi stanley1979 what price you want? Enough la 0.60 already good. Go fast buy you can make quick profit next week. DreamCustodian told me 0.78. GoodBoy target 0.90. What you waiting for?
GoodBoy said 0.60 sure lowest one. How long ECRL news will drag this counter. 2 days already enough I think. Now shark swimming in this counter. See you buy they will scare you by selling in huge volume.
Takut ape... SMHB was valued at RM270 million... and now market cap baru 302 million... so take out SMHB, HSSEB alone is worth only 30 million ? You try to offer 302 million to takeover HSSEB, see what the reaction the major shareholders will give to you...
It's about gambling on the outcome of negotiation...yes...renegotiation by any new mgt/govt is normal...and breach of contract is mostly unlikely...worst scenario postpone project commencement works only..now retail investors hungry to accumulate shares at current price levels...but sharks want to buy even much lower lo.
Understanding key affected project should be ECRL (Package 1 from KM0 to KM231.5) - Construction Supervision that is about RM 81.5 Million from 2018 till 2024
1st rebound - news about government must pay RM 22 billion compensation to scrap ECRL completely.
2nd rebound - news about HSR will postpone not cancel as government need to pay RM 500 million to cancel it.
Vincent Tan emerged as substanstial shareholder of T7GLOBAL people said Tun bring back old crony. VT clarified the matter and promised to sell all his holding in T7GLOBAL. After VT made his decision, LGE come out with new statement that CCCC need to bring down the cost before ECRL can procees as usual. Few days later government request CCCC to stop this project pending review. Don't you think it coincidence? After VT cannot get handsome profit from ECRL suddenly goverment requested CCCC to stop the project. Well politic guys!
Anticipate for small rebound tomorrow. Next week go higher. Big player collect cheap from small player and they defend 0.60 level. Next month expect SMHB will contribute positively to HSSEB earning. FY16 only SMHB recorded PAT 25 million.
Kuna said that as the combined entity, the group's revenue would increase to RM232 million from RM139 million and expects net profit to be at RM39 million from RM14 million.
Tun M is schedule to visit China in mid August ... ECRL project negotiation will be done in favour of both countries ... The stop work order will not last more than 3 mths ...
Before this people very bullish with this stock until right issue to raise money for SMHB aquisition oversubscribed 75%. HSSEB is abandon gems right now just because MRT3 scraped and temporary ECRL suspension. Other project still proceed as usual. Start collect now with money you don't mind to lose and try to average down if price going south which I think is very unlikely. See the result next month. If not good then you decide whether to sell all or keep another 1-2 quarter result. Management very passive with keep silent after price press down post GE14. I think this action purposely done. When government announced MRT3 scrap on 31th May, this counter reach it bottom level. But management annouced official statement in Bursa few days later. This delay cause weak sell down by panic retailers follow strong rebound few days later.
Affin remain buy call for this counter after remove earning from ECRL contract. New TP is 0.78.
“We also remove earnings contribution from the RM104m remaining contract value for the ECRL, given the potential suspension of work, in our new FY18 to FY20E EPS forecasts.
“This leads to a cut in EPS by 4 to 26 per cent in FY18 and 20E,” guided the research arm.
However, even after a cut in their earnings per share (EPS) forecasts for HEB, Affin Hwang Capital still believed that the group’s current FY18E Price earnings Ratio (PER) of 13-fold is still undemanding and reiterated its ‘buy’ call on the stock with a target price (TP) of RM0.78 per share.
HSSEB target price 0.78 ( excluding ECRL n MRT3 ) ... TP 0.90 to 1.00 ( include ECRL with half cost at 40 billion ) ... TP 1.20 to 1.50 ( include ECRL at 40 billion n MRT3 ) ...
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Posted by GoodBoy > 2018-07-05 11:30 | Report Abuse
Are u hoping to get it at cheaper price ? ... Please be more reasonable, not anything below 0.60 lar ... we see good value at above 0.60 ...