KLSE (MYR): HSL (6238)
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Last Price
1.35
Today's Change
0.00 (0.00%)
Day's Change
1.35 - 1.35
Trading Volume
155,000
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Always press it down last session to keep on collecting ya, once enough collecting will go rocket high
2021-07-19 16:50
KUALA LUMPUR: Maybank Investment Bank Research has reinitiated coverage on Hock Seng Lee Bhd on expectations of an earnings rebound in FY21 and strong job prospects in FY22 following the Sarawak state election.
The research house forecasts the group's net profit to rebound 6% in FY21 and expect this to rise a further 40%/11% to RM49mil/RM54mil in FY22/23.
Its earnings forecasts imply a three-year CAGR of 18%. It assumes a conservative order book replenishment of MYR300mil/400mil for FY21/22E.
Moving forward, Maybank IB expects major infrastructure to be revived and accelerated to meet deadlines following the disruptions caused by the MCOs.
It noted that the state government has allocated about RM6.3bil in 2021 to finance infrastructure projects in the state.
"We expect HSL to win more jobs given its expertise in the water infrastructure space.
"Major infrastructure projects in Sarawak include Coastal Road, Second Trunk Road, Lawas/Limbang Road, various road and bridge projects and the State’s water and electricity grid projects," it said.
Hock Seng Lee had a healthy outstanding order book worth RM1.8bil, which is 3.7x cover of its FY20 revenue and a strong net cash of RM199mil or 36 sen per share as at end-March 2021.
It also owns land for property development with a book value MYR185.7mil as at end-March 2021, translating to 34 sen per share.
Maybank IB has a "hold" call and target price of 97 sen on Hock Seng Lee.
2021-07-27 10:18
Top 24 shareholders own 97.15% of Hock Seng Lee Berhad
Hock Seng Lee Enterprise Sdn Bhd
58.46%
Permodalan Nasional Berhad
14.7%
Employees Provident Fund of Malaysia
4.53%
Chee Yu
4.52%
Chee Hung Yu
4.04%
Chee Ming Yii
1.58%
Yuong Yu
1.39%
Pertubuhan Keselamatan Sosial
1.33%
Chee Sing Yii
1.17%
Great Eastern Life Assurance (Malaysia) Berhad, Insurance Investments
1.03%
Kung Kang Lau
0.65%
Kiing Lau
0.61%
Yuong Hui Yu
0.51%
Public Mutual Berhad
0.47%
Yuong How Yu
0.33%
Kiew Hiong Hii
0.31%
Sing Hie Tang
0.29%
Song Ching Wee
0.25%
See Chang
0.24%
Ling Lee Chan
0.21%
DBS Group Holdings Limited, Asset Management Arm
0.2%
Ang Lui Lim
0.19%
Kiing Lau
0.13%
MIDF Amanah Asset Management Berhad
0.0027%
2021-08-31 16:48
Yessir, this is a good short term trade. I won't hold though since this company is non-growth and leans towards traditional industry
2021-12-27 18:21
Skylight8 clever. Make money in Chinhin then come here make money also? hehe..
2021-12-28 12:51
hahaha, you are right. I left some tickets grow at there , now waiting HSL
2021-12-28 14:36
Boss buying more than 120mil shares in few days,now holding 80+%,take over?
2021-12-31 09:26
I missed the train but the current price is quite attractive. Maybe I'll buy a little bit first today.
2022-01-19 07:36
Good New ! Delisting soon !
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3233823
2022-02-17 20:37
Why is this good news? And what should a share holder do? First experience for me!
2022-02-19 01:14
sell only ... 1.35 thats it don want u can keep for fun but can be traded in open market anymore
2022-02-19 01:25
Thanks, Jquestion. Haha, you're right just accept... anyway happy with the offer.
2022-02-23 09:46
Bgt 9963
Post removed.Why?
2021-07-07 08:47