big sharks started to push down the share price to collect.. interesting.. i am just waiting for the opera to kick start with my pop corns ready in my hands.. haha...

and they paid out good dividend too...
For FY2015, they paid 8sen of dividend..
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4716653
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5068977

hi sklyte. even if we are being conservative at PE 10 and annualized EPS of 28sen, it should be trading at least RM2.80... of course if you are looking to make 100% gain in short term, this is not the right counter for you.. but fundamentally, it is very strong and I expect it to trade >RM3.00 after they release good results for upcoming quarters in 2016...

guys... see this announcement... I suppose this will cause heavy dilution to the EPS?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5113417

BERJAYA CORPORATION BERHAD ("BCORP" OR "COMPANY")

ACQUISITIONS OF 12.00% EQUITY INTEREST IN BERJAYA LAND BERHAD FOR A TOTAL PURCHASE CONSIDERATION OF RM419.11 MILLION SATISFIED BY THE ISSUANCE OF RM353.25 MILLION NOMINAL VALUE OF IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("NEW ICULS") TOGETHER WITH 706.50 MILLION FREE DETACHABLE WARRANTS IN BCORP ("NEW WARRANTS") AND CASH OF RM65.86 MILLION ("ACQUISITION")

company has started share-buy-back activities in June. These are signs of:
1) Company management thinks the current share price is cheap and undervalued, so they buy back at low cost
2) Company management is confident and optimistic of coming quarters results so they buy back before the share price goes up (sure the company management knows more insiders news/business performance than us right? ^^)

below is the prospect as outlined by Pansar management:

Commentary on prospects
In Malaysia, the new minimum wage come 1 July 2016 will particularly impact the SMEs and businesses with large unskilled labour
force with possible trimming of work force. However, financial markets are comforted by the smooth transition in the governorship
of the Central Bank of Malaysia and are confident of strong leadership and policies into the future.
Following the successful conclusion of the Sarawak State Legislative Assembly Election and the announcement of numerous
infrastructure and rural development projects in the State, we should see significant governmental spending in the next few years
leading up to the federal election. However with the volatile foreign exchange and expected weak commodity prices, the overall
economy in general for the rest of the country and region may remain soft.
Thus, Pansar is hopeful of enjoying the spin-off from the state and federal spending which will see some robust economic activities
in Sarawak. The Group will continue to streamline its business and concentrate on sector which it has good knowledge and
experience in along with stringent efforts in keeping cost under control.
Opportunities will continually be explored and weighed to strengthen the Group’s ongoing businesses with emphasis on improving
and expanding our service network and solutions to bring us closer to our customers.

gohpc, please see the prospect as outlined by Pansar in their latest report.. Pansar management has been very conservative and careful in making their remarks for the prospect but it is clear to us that after the sarawak state election, mega projects will kick in and benefit these players in the next few years.. u dun see it happen right now but in 1-2 years down the road, u wont be surprised if their revenue and profit double, triple or even quadruple... just my 1.5 cents, haha

let's review the next quarter results to see if RM3.50-RM4.00 is the next TP to set...

big crocodiles pressing the price la.. very obvious.. u see the volume is so low... sure this is due to manipulation.. which is a good sign.. that the big players realize the potential of share price hike in this counter... cheers...

yes, I started buying at around RM1.10... and i bought a lot more when it dropped to about 70sen... that was when ppl were fearful of AA, I became greedy after doing some homework (if you did your research, you would have known that AA Philipines and AA Indon were undergoing recovery plan and this has proven that Tony's words were trustworthy... haha... and also, lower oil price (hedged) and MAS rationalization helped AA...

good to know that HL bank concurs with my opinion that it should be worth at least RM1.60-RM1.70... Good luck all of us... hope it will reflect its actual value in share price soon!

congrats all... we are on the right ship now... i am not selling a single share even though my average price was 70-80sen... I will only consider selling some after it hits RM3.00-RM3.50...

Hi Icon, one more comment: even if you take into account of the w/o forex EPS of 3 sen this quarter, please note that last quarter EPS (w/o Forex) is only as low as 1 sen. Will this quarter result be repeated? Your assumption is yes = 4x3=12 sen... but I personally think it is more reasonable to estimate 1.5-2sen EPS per quarter...

Icon - one thing i like about you is that you are open to others' disagreement and welcome those inputs... that is indeed a good virtue... :)

let me make another remark: from the revenue vs net profit trend, it does not seem that they are in a linear relationship. In other words, you can notice that Mar2015 revenue was only 25.1mil but the net profit was 1.8 mil / while Sept 2015 revenue was much higher at 34.7mil but the net profit was only 1.3mil. The question here is... can the 2.8mil net profit be repeated in upcoming quarters? i think it is more practical to assume EPS of 6 sen full year (about 1.5 sen each quarter)... having said so, current price of RM0.765 is showing PE ratio of 12.75 which is not low... pls look at its historical price for past one year...now it is trading at all time high... used to be only RM0.275 (lowest) in past 52 weeks... I hope you don;t regret buying it back at RM0.71... to me, it has been very much "goreng'ed" by big guns since it was about 40sen half year ago... and i believe it is only worth RM0.48 (6sen x PE 8)... just my 2 cents...

Icon, sorry for the need to disagree with you again...
for the Bursa Main Board listing requirement, please see this:
http://biz.advertising.com.my/listing-requirements-bursa-malaysia.htm

it is actually:
To get listing in the Main Market, your company must provide a profit figure and uninterrupted profit after tax or PAT of 3 to 5 full financial years with an aggregate of a minimum of RM20 million and a minimum of RM6 million PAT in the latest full financial year.

That means not RM20million profit in a year (total for 3-5 years) and must have at least RM6 milion for the latest financial year... so your EPS of 14sen is not correct...

Icon, sorry for the need to disagree with you again...
for the Bursa Main Board listing requirement, please see this:
http://biz.advertising.com.my/listing-requirements-bursa-malaysia.htm

it is actually:
To get listing in the Main Market, your company must provide a profit figure and uninterrupted profit after tax or PAT of 3 to 5 full financial years with an aggregate of a minimum of RM20 million and a minimum of RM6 million PAT in the latest full financial year.

That means not RM20million profit in a year (total for 3-5 years) and must have at least RM6 milion for the latest financial year... so your EPS of 14sen is not correct...

I have to agree with Veln82k6... during CNY periods, ppl tend to bet more...in fact, by comparing against Q1 2015, it is showing a sign of regression... Q1 2015, EPS = 6.4, Q1 2015, EPS=4.8. A sign of improvement or regression? You make the call... but I have to also concur with Icon that if you are aiming for good dividend yield, yes, you can consider this counter (but unlikely for share price appreciation in short term)

yes.. a very undervalued gem.. if annualized EPS at around 28 sen.. lets say PE 10, it should be at least RM2.80... super undervalued... and its subsidiary SEB has turnaround from loss making in previous quarters.. as they disposed of some loss-making business in process equipment industries and focus more on the LED and transformer... good direction....

Jupiter... u indeed have done good homework... cheers...

when MYR appreciated against USD from ~4.50 to ~3.90... many thought that strong USD is over... but i pointed out that I believe USD will still be strong against MYR... and when u look at today's conversion 1USD/4.12MYR... it proves that I was right then... export theme is not game over yet... I still own plenty of evergreen shares and HengHuat shares... let's see...

Telecaster... i agree with you.. this Maybank analyst has his own agenda/motive... either he was paid by big guns to bring down the share price or he would like to accumulate this share on his own... his motive is clear.. to bring down HSL price before it shoots back up...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?category=all&sub_category=all&alphabetical=All&company=6238

while stupid EPF fund managers are selling, the directors are buying... do you think EPF knows more than the directors? Directors must be happy that EPF helped push down the price so they could buy cheaper... stupid EPF...

Rocky, so you are on the same boat now? haha...

rocky, I have been busy and abandoned this forum for sometime and it is nice to see you again... haha

thanks to the recent drop and I managed to accumulate more HSL shares...

I am still holding firmly on this share and have not sold a single lot. My target price is RM3.00 and I am not gonna sell any before it reaches my target. If you do more homework and you will know why it is worth >RM3.00... let's wait for the upcoming quarterly results and you will see... cheers...

sorry.. I mean 0.42 for PANSAR... HSL is still very undervalued... easily hit RM2.50-RM3.00...

haha... my average price is only about RM0.42, where to cut loss?

do notice another Sarawak counter - PANSAR too... I have been promoting it since 1-2 months ago.. and you see today it finally moves... it is one of the biggest trading companies in Sarawak for construction materials... PAN BORNEO , SCORE etc projects are confirmed to tick in and materials trading will be beneficial to PANSAR... today, it has gone up from RM0.435 to RM4.80 (up more than 10%)... but it is still undervalued... my target price is RM0.80.

join the big guns to accumulate it now, or regret later? the choice is yours...

so it is very likely that big players are pressing the share price down so that they can accumulate the share at much lower entry point... and when the next few quarterly results are out... you wont be surprised to see the share price goes up to >RM2.50 or even >RM3.00... and that is the time when the big guns sell their lowly purchased shares...

HSL eyes MORE contracts.....


KUCHING: Hock Seng Lee Bhd (HSL), which secured two mega road construction and sewerage contracts worth some RM2.45bil recently, has tendered for an additional RM500mil worth of projects.

Corporate affairs director Sonja Gan said the company was awaiting the outcome of its bids for several infrastructure projects in Sarawak.

Under the 2016 budget, the Sarawak government has allocated nearly RM6bil to fund development projects such as roads, the supply of treated water to rural communities and drainage.

“Tendering (for contracts) is an ongoing process at HSL as we still have the capacity to do new jobs,” Gan told StarBiz, noting that the company’s current orderbook of RM2.7bil was the biggest ever since its listing on Bursa Malaysia in 1996.

In March, the HSL-Dhaya Maju Infrastructure (Asia) Sdn Bhd joint venture (JV) was awarded the Pan Borneo Highway work package 7 worth RM1.71bil. HSL has a 70% stake in the JV. Via a 75%-owned consortium, HSL also clinched an RM750mil contract for phase II of the Kuching centralised wastewater management system project.

Gan said these two mega contracts, which would stretch until 2022, would set the group up for strong growth.

She said the group typically had some 30 ongoing projects of varying sizes and natures in hand, though the number exceeded 40, including property development, at end-2015.

“Typical construction projects range from 18 months to three years. Our turnover rate has been consistent with projects in and projects out.

“HSL has a long track record of successful contract execution throughout Sarawak, and we have proven our technical merits and cost-competitiveness across a range of marine and civil engineering works.

“We are highly experienced and strategic in our planning and remain active in the procurement of projects drawn on our core strengths,” she added.

In 2015, HSL completed 16 projects while securing 21 new contracts worth a combined value of RM275mil. About 75% of the new contracts came from the Sarawak Corridor of Renewable Energy region of central Sarawak. The contracts include the Balingian power plant’s administrative offices in the Mukah Division, Government offices in Samalaju, Bintulu, as well as water and road works associated with the Tanjung Manis halal hub.

On the Pan Borneo Highway package 7 contract, Gan said the project covered a 76-km stretch from the Bintangor junction to the Julau junction and Sibu Airport to Sg Kua Bridge.

In the main portion, this will comprise the upgrading of the existing single carriageway to dual carriageway of higher specifications.

Bridges and interchanges are also part of the package, including the 1.7-km long Durin Bridge across Rejang River, Malaysia’s longest. The delivery period of the contract is 51 months.

Gan said the HSL-Dhaya Maju Infrastructure JV would source the construction materials like cement and steel locally to avoid exposure to the risk of foreign currency exchange rates.

“HSL is well versed in the logistics of materials supply,” according to her.

The Kuching centralised wastewater phase II project will involve the expansion of the sewerage treatment facilities, new underground trunk lines and connecting up to a considerable section of properties in northern Kuching.

Package 1 (2008-2015) was made up of three key components - a wastewater treatment plant, a sewer network (overall length of 64.5km consisting of trunk, secondary and tertiary sewers) and property connections.

The ambitious project, which is based on the Singapore model, is to collect grey and black water and pipe it underground to the treatment plant, where it is processed into clean water before being discharged back into the environment.

The untreated water was previously discharged into Sarawak River where the Kuching Water Board draws its raw water for treatment.

So far, some 2,830 commercial and residential properties have been connected.

For the financial year ended Dec 31, 2015, HSL recorded a group revenue of RM654.7mil and a pre-tax profit of RM101.2mil.

why? bcoz Pansar is one of the biggest trading companies for construction materials...

PANSAR has finally made a nice move today, per what I have been expecting all these days... after the Sarawak state election, more construction projects will be announced in Sarawak and Pansar will be one of the major beneficiaries...

btw, who is Blogger Z? haha...

Target Price RM1.60...

（吉隆坡31日訊）美元強勢不再，令長青纖維板（EVERGRN，5101，主板工業產品組）面對賣壓和股價走低，分析員認為該股已過度拋售，仍繼續看好該公司盈利成長前景。

豐隆研究指出，和其他東南亞同行相比，長青纖維板股價今年來落後10.5至21%，顯示近期賣壓已屬過度。


該行預期兩大因素，將繼續帶動長青纖維板盈利成長，首先是該公司持續進行成本合理化行動，將可減少日常開銷和運輸成本，提昇生產效率和產品素質更高。其次是投資於全面自動化家具生產線，將令產量增加3倍和減少人力，從2016年下半年起貢獻盈利。
該公司在加亨擁有4千410英畝橡膠園和在馬西擁有工業地，這尚未納入估值計算中。“據我們瞭解，這兩項非核心資產的潛在售價至少一億令吉（或每股11.6仙）。”
該股的正面因素是估值吸引人和具良好盈利可見度、穩健資產負債表和橡膠種植地庫價值未反映在當前股價，至於負面因素則是被視為美元概念股。
豐隆保持財測，並維持“買進”評級，目標價為1令吉60仙，這是根據2017年核心每股盈利14.6仙和11倍本益比計算。
該行繼續喜愛長青纖維板，因該公司具強勁盈利可見度，這是受關鍵生產價格降低、管理層持續改善營運效率和產品多元化所推動，同時該股提供吸引人的3.5%周息率。（星洲日報／財經‧報導：李勇堅）

with facts, I slapped Rocky once in his face and I am going to do the same to Mr ChildishStockbroker

I copy and paste here my previous calculation:

iloveshare128: let me share more facts and some simple maths calculation... HSL 2015 Revenue was RM654,736,000. EPS was 13.87.
The 1st project RM750million x 0.75 = RM562.50million over 6 years.. which means additional revenue of RM93.75million a year...
next, 2nd new project: RM 1,710,431,718 x 0.7 = RM1.1973Billion over 51 months = RM281.718million additional revenue per year...

so u add up these numbers:
2016 revenue will be roughly RM654.736+RM93.75+RM281.718million = RM1030.204million!!!
EPS is estimated to be 13.87sen / 654.736 * 1030.204 = 21.82 sen (up 57%)...

if PE is 15, the price will be RM3.27...
Do u think PE 15 is too high? think about it, what is the focus right now? Sarawak projects.. and more projects from Pan Borneo Phase 2, 3... etc.. and SCORE projects will come in... so dun be surprised the EPS will be more than 21.82 sen in 2016 if HSL win more projects...

familybusiness: answer to your question - any price below RM2.50 is still a good entry point. Now (around RM1.90) is definitely a good time to buy... I dun see a reason why it should not hit >RM3 after the next few quarterly results are out... please read my early calculations (with base, not like some so-called Pro with stupid comments)

To ProStockbroker.. please la.. dun insult the word "Pro" here... u r just an amateur with childish and baseless comments... can they simply "put" some announcement on Bursa if they don't win the project? No need audit? Bursa will allow if they cheat? Can you be a bit smarter in your words? I am 300% sure you are trying to sabotage HSL so that you get to buy cheap... shame on you... come debate with me on facts, please...

ProStockbroker: They make the price high and put some announcement that they get a big project in order to sell their high price stocks. This stock will go further down

familybusiness... this is due to the big sharks keep suppressing the share price so that they get to collect at much lower entry point.. I am not sure if ProStockbroker is one of them (whether he can be deemed "big shark" with the size of his capitals, haha....)

ProStockbroker is not "Pro" at all... he is trying to influence others to sell and press the share price down... why? so that he can collect it at much lower entry point.. this is despicable...
guys, just think about it, if he is not interested in this share, why is he spending time here? his motive is very obvious - press down the price and accumulate...

well said Icon... honestly speaking, I bought quite a lot of AirAsia when it was trading at 70-80 sen... and I haven't sold a single share of mine yet... But I did not buy any AAX shares... I am more optimistic of AA than AAX...

i am not selling a single share of mine before it hits RM3

I think the recent drop may due to some over-paranoid/worried speculators/investors who would like to play safe by selling the election-linked companies first as they feel that there is a chance for BN to lose the state government... however, HSL is really an outperforming company if you notice, that its past records (in terms of timeliness in delivering the projects, the quality of work, the expertise).. that no matter who wins the state government, HSL can still win projects via open market tenders... so i am not too worried... HSL is no "empty-shell" companies like those established by some BN cronies (to cheat investors' money and without any actual revenue)... the call is yours...

if you look at its previous record high price (>RM5) when it was making extremely good revenue and profit... and you may think the same way as I do that : when will the share price go up again (after a long descending run for years)... just sharing of some of my observations:
1) this company used to expand heavily to Thailand and some part of Laos/Myanmar a few years ago and they were quite successful especially in Thailand... sales increased a lot during that time...
2) then when Thailand had a turbulent time with its politics (a lot of riots, demonstrations) against the government and it slowed down Zhulian's growth and subsequently the sales dropped...
3) Now that Thai has slowly gained back its political stability and the company continues to eagerly expand its sales to other ASEAN countries.. I feel that it may be a good time to collect this share again...

I am not too optimistic that its sales and net profit can go back to its previous peak (a few years ago) in short term.. but it is possible that it can hit >RM2 if the next few quarter results improve...

recently this counter slowly gains some uptrend momentum...

who pushed the price up today? haha...

unless supersaiyan3 is the anonymous form of Robert Kwok.. then i apologize to you ya... haha...