Posted by gforce2 > 2016-12-23 11:26 | Report Abuse

Notice of Arbitration dated 22 December 2016 pertaining to Memorandum of Agreement dated 13 April 2010 ("MOA") between Malaysia Airports Holdings Berhad ("MAHB") and HSS Integrated Sdn. Bhd. ("HSSI") for the Proposed Development of New LCC Terminal and Associated Works at KL International Airport, Sepang, Selangor Work Package EW02: Site Preparation, Earthworks and Main Drainage (Airside)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5297309

MAHB is claiming a sum of RM64,617,267.17 for an alleged breach of the MOA between MAHB and HSSI.
...

Financial Impact

HSSI was required to hold a professional indemnity insurance policy to the satisfaction of MAHB. Pursuant to the terms of the MOA, the Board is of the view that HSSI’s liability may be limited to the amount covered by the professional indemnity insurance policy which was submitted to MAHB.

===
At least they have insurance.

Posted by IPO_lover > 2016-12-29 15:53 | Report Abuse

2016 worst IPO? Why list if not good?

Posted by Tay Sze Yang > 2016-12-30 17:52 | Report Abuse

Do what LAN o? Drop below 40sen

Posted by investbuddy > 2017-01-04 00:45 | Report Abuse

Anyone know when HSSEB can rebound? Keep in droping.. no choice, must hold for now...

Posted by BN_menang > 2017-01-12 11:05 | Report Abuse

Can govn(BN) give ECRL study job to HSSEB?

Posted by Sarawakians > 2017-01-20 12:19 | Report Abuse

Sia-sia vote BN. Change to Pakatan better?

Posted by cstrader > 2017-01-21 16:33 | Report Abuse

Time to collect - uptrend

Posted by Pavillion > 2017-01-21 17:06 | Report Abuse

Good quarter

Posted by chong932 > 2017-01-24 17:48 | Report Abuse

I agree with cstrader. It is time to collect. Soon will rebound. It is still below IPO price, RM0.50 and considered cheap now.

Posted by chong932 > 2017-01-25 17:07 | Report Abuse

Up RM0.15 cents today. The bull is coming soon.

Posted by Contender > 2017-02-02 09:37 | Report Abuse

Breakout buy signal ... still cheap at 0.51 after all IPO price 0.50

Posted by Icon8 > 2017-02-03 09:58 | Report Abuse

Whenever festivals come many accidents case heard. So should build more railways instead?
http://www.thestar.com.my/news/nation/2017/02/03/way-too-many-road-accidents-liow-says-too-many-lives-lost-and-its-too-costly-to-bear/

Posted by Sarawakians > 2017-02-05 22:21 | Report Abuse

Good QR coming?

Posted by Sarawakians > 2017-02-06 11:16 | Report Abuse

You(BN) help us we help(vote) you.

Posted by Sarawakians > 2017-02-15 09:41 | Report Abuse

If BN want our votes on 18th Feb pls push to 60 sen.

Posted by Sarawakians > 2017-02-16 09:24 | Report Abuse

EPS 2.52 sen why only 55.5 sen?
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0185

Posted by Sarawakians > 2017-02-16 09:27 | Report Abuse

Order books also increase to RM 378 million from last QR in Sep'16.

Posted by Sarawakians > 2017-02-16 09:30 | Report Abuse

Where is MIDF latest coverage?

Posted by why_no_dividend > 2017-02-16 12:01 | Report Abuse

Agree with Sarawakians. Why so unfair? Due to i3?

Posted by why_no_dividend > 2017-02-16 12:11 | Report Abuse

EPS 2.52 sen if annualised not 10.08 sen? PE 5.45?

Posted by Unicorn > 2017-02-16 13:47 | Report Abuse

Is everything fine with this company?

Posted by curious2 > 2017-02-16 15:47 | Report Abuse

I no sifu. You ask pingdan sifu.

Unicorn Is everything fine with this company?
16/02/2017 13:47

Posted by Unicorn > 2017-02-16 16:14 | Report Abuse

Oh.. Nothing too serious to ask. Just wondering why good profit also share price trending down....

Posted by Unicorn > 2017-02-16 17:02 | Report Abuse

With this good set of results, what should be the new TP in the near term?

Posted by tkk1127 > 2017-02-16 17:51 | Report Abuse

So is time for us to collect if the Company is good. Buy before too late.

Posted by Pavillion > 2017-02-16 18:51 | Report Abuse

Interesting..... Maybank start covering this stock...seldom Bank covering Ace Stock...unless they planned going for Main Market soon!

Posted by Pavillion > 2017-02-17 08:26 | Report Abuse

A good start for the new kid on the block

 

HSS Engineers reported a net profit of MYR7.1m in 4Q16, taking full-year net earnings to MYR13.9m. No comparisons are available as the company was only listed on the ACE Market of Bursa Securities on 10 Aug 2016. No dividend was declared for the current quarter.

 

For the full-year, engineering services division was the key revenue contributor, accounting for 67.6% of its revenue. This is followed by project management division, which made up 27.3% of its FY16 revenue. BIM services and reimbursable income accounted for 2.5% and 2.6% of sales respectively.

 

For the current year under reviewed, HSS has completed MYR58.4m worth of projects, including the MYR24.1m engineering design and construction supervision for North-South Expressway fourth lane widening project between Nilai (Utara) Interchange and Seremban, as well as the MYR22.6m project management works for Brunei Economic Development Board, just to name a few.

 

At present, HSS’ unbilled order books stood at MYR378.4m as at Dec 2016. This should keep the group busy over the next 2-5 years. Among some of the major on-going projects (unbilled portion) are: 1) MYR42.3m engineering design and construction supervision work for SUKE Highway; 2) MYR165.9m project management work for MRT Line 2; and 3) MYR40.8m construction supervision work for Selangor Alignment of the West Coast Expressway, among others.

 

The group is also seeking to expand into India, Middle East and ASEAN region. As of now, local sales accounted for 98% of FY16 revenue. Management also plans to venture into a fourth core services, i.e. facility management. This is expected to build a steady recurring income for the group going forward. HSS is also exploring the possibility of venturing into support services to the water and power generation sectors.

 

Balance sheet wise, HSS is a net cash company. Of the MYR41.6m cash and bank balances, the group still has MYR24m cash raised from its IPO for expansion purposes, which will be spent within 18 months from the listing date.

 

Valuation wise the stock is trading at 11.8x trailing PER, which is below Bursa Malaysia Construction Index’s 2016 PER of 14.1x

 

Maybank Investment Bank Berhad

Posted by pingdan > 2017-02-17 10:43 | Report Abuse

TP RM1 in long term.

Keep in mind for first 2 quarter. It have been included listing fee of RM3.5mil expenses. Hence the result not that good in first 2 quarter.

Posted by pingdan > 2017-02-17 10:45 | Report Abuse

This company is design building and monitor the project. Just collecting professional fee from client. This company did not subject to flunctuation of steel price. As long as they provide their "professional" services to their client, they will collect money from them.

Posted by pingdan > 2017-02-17 10:45 | Report Abuse

As per IPO, their main customer is Prasarana, which consists of 40% of their revenue

Posted by pingdan > 2017-02-17 10:47 | Report Abuse

somemore, their balance sheet quite clean. With 40mil cash and 10mil + borrowing...

still, Rm24mil cash collect from IPO not yet fully utilised for their expansion project to India, power plant and other new project that they plan to do

Posted by pingdan > 2017-02-17 10:48 | Report Abuse

This company cost mainly is employee cost, software design cost, entertainment expenses and travelling expenses.

Posted by Unicorn > 2017-02-17 14:02 | Report Abuse

Thank you pingdan for the valuable insights.

Posted by pakatan_harapan2 > 2017-02-17 16:28 | Report Abuse

Good QR useless? Change to Pakatan better.

Posted by curious2 > 2017-02-19 16:01 | Report Abuse

Result out. EPS 2.52 sen bad?
https://klse.i3investor.com/servlets/stk/fin/0185.jsp

Posted by pingdan > 2017-02-20 09:21 | Report Abuse

lai liao lai liao

Posted by julianjensen > 2017-02-20 11:57 | Report Abuse

Coming coming coming !

Posted by curious2 > 2017-02-20 12:13 | Report Abuse

Why hard to break 57 sen? If use annualised EPS 2.52 sen not yearly EPS 10.08 sen? Why PE only 5.65?

Posted by curious2 > 2017-02-20 12:18 | Report Abuse

Is it PE many hot stocks(Dnex, Armada, Ekovest, EG, Hibiscus, etc) lower?

Posted by curious2 > 2017-02-20 12:24 | Report Abuse

Latest order books RM 378 million can cover at least 10 quarters of last QR revenue. That not include order books which can still be won like ECRL, MRT line 2, HSR, West Coast Expressway etc.

Posted by foreign_fund > 2017-02-22 11:19 | Report Abuse

Is QR irrelevant here? What stocks EPS 2.52 sen cheaper than HSS? Bought at 56-56.5 sen.

Posted by Speaking_up > 2017-02-23 15:13 | Report Abuse

QR out(EPS 2.52 sen) still not safe?

Posted by smartInvestor1 > 2017-02-27 16:40 | Report Abuse

Buy in 0.555. during unstable market 1696

Posted by Tay Sze Yang > 2017-02-28 12:39 | Report Abuse

Will drop back to 0.395?

Posted by pingdan > 2017-03-01 17:07 | Report Abuse

Wontla... so easy drop until 0.395 then i all in liao

Posted by curious2 > 2017-03-03 11:19 | Report Abuse

Is EPS 2.52 sen poor? PE only 5 on annualised basis.

Posted by smartInvestor1 > 2017-03-07 11:54 | Report Abuse

Sell at -0.565 takut market crash. but it is bullish trend

Posted by vyap > 2017-03-07 12:01 | Report Abuse

still good to go in now at 0.565 ?

Posted by farinsight > 2017-03-07 15:30 | Report Abuse

coming ....

Posted by smartInvestor1 > 2017-03-07 17:15 | Report Abuse

up with big volume is good thing. see can breakthrough