Posted by iloveshare128 > 2016-03-18 15:37 | Report Abuse

if you want to own more number of shares, you may consider PANSAR as well - the underdog for now but will definitely boom very soon...

Posted by ahdi > 2016-03-18 15:46 | Report Abuse

how come so many seller ??

Posted by iloveshare128 > 2016-03-18 15:48 | Report Abuse

i think those are short-term speculators to take profit...

Posted by traderman > 2016-03-18 15:49 | Report Abuse

be fearful when everyone is greedy

Posted by dummy > 2016-03-18 15:53 | Report Abuse

fasten your seatbelts

Posted by darkmagician > 2016-03-18 15:54 | Report Abuse

be fearful when u know u are late to catch the train.. after pos then sure this one.. just wait

Posted by dummy > 2016-03-18 15:57 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/03/18/hsl-consortium-wins-pan-borneo-highway-contract/

Posted by dummy > 2016-03-18 16:00 | Report Abuse

yesterday sewage project, today highway project !!!

Posted by iloveshare128 > 2016-03-18 16:00 | Report Abuse

haha.. i like ur saying darkmagician... there are just too many negative ppl trying to push the share price down.. haha..

Posted by darkmagician > 2016-03-18 16:03 | Report Abuse

they are waiting the right time iluvshare...

Posted by Contrakaki > 2016-03-18 16:08 | Report Abuse

Pansar moving...

Posted by mamatede > 2016-03-18 16:13 | Report Abuse

This 2 big project, enough to keep HSL busy for 2-3 years already. Any additional win is a catalyst ...

Posted by darkmagician > 2016-03-18 16:13 | Report Abuse

4.30pm the beast come out.. come on

Posted by iloveshare128 > 2016-03-18 16:19 | Report Abuse

haha.. ya, contrakaki, for PANSAR to boom is just a matter of time...

Posted by Contrakaki > 2016-03-18 16:37 | Report Abuse

yes! but HSL not moving ah... how come?

Posted by mamatede > 2016-03-18 16:52 | Report Abuse

today Friday ma, people scare weekend weak dj. Btw hsl awarded contract for sub station, waste water and pan Borneo this year is a good year for this counter

Posted by Newborn123 > 2016-03-18 17:17 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5033889

Posted by Newborn123 > 2016-03-18 17:18 | Report Abuse

BIG project awarded again

Posted by Issac Chai > 2016-03-18 17:21 | Report Abuse

wowwwwwwwwwwwwwwwwwwwww!!!!!!!!!!!!!

Posted by mamatede > 2016-03-18 17:41 | Report Abuse

No worries la, Sarawak Election will still have the current government as the next government 100% guaranteed... unlike west Malaysia, so unpredictable..Plus Adenam is popular with his policies .

Posted by zzzzz > 2016-03-18 19:47 | Report Abuse

What is the target price next Monday ? RM2.40 ?

Posted by LogicTradingAnalysis > 2016-03-19 00:06 | Report Abuse

More to come..

Posted by crystal168 > 2016-03-19 08:36 | Report Abuse

Letup again?

Another project to be announced? 3rd one?

"LogicTradingAnalysis >>> More to come..
19/03/2016 00:06"

Posted by Johnson Wong > 2016-03-19 17:02 | Report Abuse

We all wishing you(HSL) to be turned into Sarawak version of GAMUDA. Master and dominate Sarawak infrastructure works following by expansion internationally

Posted by LogicTradingAnalysis > 2016-03-19 17:39 | Report Abuse

Pan Borneo consist of RM 16 billions, now just awards a few, waste water treament RM 4 Billions..got 8 phases.. SCORE also might get projects... tambah some smaller project at rural area... HSL will be quite busy :) the chart just breakout strongly close high, more to go and more to come~

Posted by annqueenqueen > 2016-03-19 23:21 | Report Abuse

Hi investors, i m new to this stock HSL..advisable to buy on monday??!!??

Posted by wiseinvestor > 2016-03-20 00:14 | Report Abuse

Hi,the cash flow generated from operation is negative figure for last 2 quarter,is it a significant sign of there is debt unable collect back?please advice..hihi..

Posted by LogicTradingAnalysis > 2016-03-20 14:52 | Report Abuse

https://youtu.be/7gdpv1yEpG BLOOMBERG also get excited with Sarawak Projects

Posted by thesteward > 2016-03-20 15:07 | Report Abuse

once re-rating by banks...kaboom again!

Posted by crystal168 > 2016-03-21 08:22 | Report Abuse

Good morning,

good to hear kaboom kaboom

but sometimes need to stay further due to high impact. else will hurt yourself

Posted by ahdi > 2016-03-21 08:54 | Report Abuse

Hock Seng Lee (HSL MK, BUY, TP: MYR2.64)
Winning Pan Borneo Highway Roadwork Package
Corporate Newsflash
Hock Seng Lee (HSL) has secured a larger-than-expected MYR1.71bn roadwork package for the Pan Borneo Highway just a day after it won the MYR750m Kuching centralised sewerage contract. Maintain BUY with TP raised to MYR2.64 (from MYR2.54, 26% upside) after incorporating the higher contributions from this project. Meanwhile, both mega projects are expected to keep the company busy for next 4-5 years.

Posted by iloveshare128 > 2016-03-21 10:15 | Report Abuse

yes, LTA, u r right. the total Pan Borneo project is worth >16billion... so HSL will likely win more packages (not just the 1.7billion contract)... and SCORE projects are also fat meat to HSL...

Posted by ahdi > 2016-03-21 10:19 | Report Abuse

2.50 soon

Posted by iloveshare128 > 2016-03-21 10:38 | Report Abuse

in fact I am aiming at at least RM3.00... haha...

Posted by iloveshare128 > 2016-03-21 10:40 | Report Abuse

RHB revised the TP to RM2.64...

http://research.osk188.com/report/17257/hock-seng-lee-winning-pan-borneo-highway-roadwork-package.html

21 MARCH 2016 08:27AM
Hock Seng Lee - Winning Pan Borneo Highway Roadwork Package
RECOMMENDED: BUY
TARGET PRICE: MYR 2.64
PRICE: MYR 2.10
HSL has secured a larger-than-expected MYR1.71bn roadwork package for the Pan Borneo Highway just a day after it won the MYR750m Kuching centralised sewerage contract. Maintain BUY with TP raised to MYR2.64 (from MYR2.54, 26% upside) after incorporating the higher contributions from this project. Meanwhile, both mega projects are expected to keep the company busy for next four to five years.

Reiterate BUY. Aside from its fruitful job wins, Hock Seng Lee (HSL) has been enjoying higher margins vis-à-vis its peers in West Malaysia, given the less intense competition from a smaller pool of contractors. Therefore, we reiterate BUY on HSL and raise our SOP-based TP to MYR2.64. We value its construction unit based on 12x FY17F P/E (in line with our 10-14x target 1-year forward P/Es for small- and mid-cap construction stocks). Separately, we value its property unit at a 35% discount to RNAV and add its net cash as at 31 Dec 2015.


A fruitful 2016. HSL announced its second major contract win in a week. Its 70%-owned consortium – Dhaya Maju Infrastructure (Asia) SB – was awarded a MYR1.71bn contract by Lebuhraya Borneo Utara SB for the development and upgrading of the proposed Pan Borneo Highway in the state of Sarawak (Phase 1) from Bintangor junction to Julau junction and from Sibu Airport to Sg Kua Bridge. The scope of works for this project includes earth works, piling, drainage works, road works, interchanges, bridges and its related mechanical and electrical works. The contract period is for 51 months.


Busy years ahead. HSL’s latest win of the Pan Borneo roadwork package was not a surprise. We had earlier anticipated the company to secure a slice of the action in this MYR16.1bn project, given its dominant position in the state’s construction sector. That said, the contract value is 41.5% larger than our original estimate of MYR1.2bn. However, we prefer to be prudent in assuming a net margin of 10% for this project, relatively lower than its historical net margin ranging from 11.6% to 15.5%. Coupled with the Kuching City Central Wastewater Management System (Package 2) project worth MYR750m, we believe both projects would keep the company busy for the next four to five years.


Forecasts and risks. Similar to the sewerage project, we expect the company to set up a new joint venture (JV) company to carry out works for this project. Pursuant to the FRS 11 accounting standard, we believe that contribution from this new JV would be equity accounted. Despite the revenue drop as both mega projects are expected to be equity accounted, we have raised our FY16 to FY18 earnings estimates by 0.6% to 6.9% respectively. A key downside risk is an escalation of input and labour costs that could crimp profitability.

Posted by mamatede > 2016-03-21 10:52 | Report Abuse

hsl is a debt free company if u see their press release for last quarter.

Posted by mamatede > 2016-03-21 10:55 | Report Abuse

http://www.theedgemarkets.com/my/article/hsl-wins-rm800m-new-jobs-year-date

Posted by Johnsonwong > 2016-03-21 11:03 | Report Abuse

http://www.theedgemarkets.com/my/article/stock-momentum-hock-seng-lee-2

Posted by iloveshare128 > 2016-03-21 11:04 | Report Abuse

yes, HSL is a cash cow company...

Posted by larry12 > 2016-03-21 11:11 | Report Abuse

Should move soon

Posted by Alfred Aun > 2016-03-21 11:35 | Report Abuse

Why the price down while the good news out relate to the company?

Posted by Johnsonwong > 2016-03-21 12:00 | Report Abuse

Because EPF playing sabotaj. They crazy of cash and disposing for their own reason like investing MBSB. Not worry for HSL. Like they disposed AA few weeks ago but share price still up. I believe HSL will becoming Sarawak Version of Gamuda

Posted by GoodBoy > 2016-03-21 12:09 | Report Abuse

Sell on news .... tomorrow shld resume uptrend .....

Posted by iloveshare128 > 2016-03-21 13:19 | Report Abuse

welcome back Rocky... or perhaps we should call u rookie... is this the first time you have seen EPF selling a certain share? haha... EPF is just like a goreng-kaki type of speculator... they go in and out so frequently in any shares (not just HSL)... in other words, they are not even investing... they are just speculating...

Posted by iloveshare128 > 2016-03-21 13:19 | Report Abuse

it seems to us that EPF is not the one sabotaging, you are... haha...

Posted by iloveshare128 > 2016-03-21 13:48 | Report Abuse

Mr Rookie, first of all, what you just asked was not even a logical query... that is because there is no direct relationship between "if outlook is so full of roses" and "why EPF run/sell?"... it is just like you are asking a goreng kaki why he is selling a share while it still has much room to grow... i can only think of one reason: profit-taking... that is what speculators would do...

Posted by iloveshare128 > 2016-03-21 13:50 | Report Abuse

investors would wait until the share has reached its full value before they sell, speculators like EPF wouldn't.. and that explains... and again, I "put money in your pocket" again today by lecturing you (if you understand cantonese saying... haha)...

Posted by iloveshare128 > 2016-03-21 13:57 | Report Abuse

wow... bro rocky has suddenly become so philosophical... i love that...

Posted by Johnsonwong > 2016-03-21 15:51 | Report Abuse

HSL also doing developer

Posted by iloveshare128 > 2016-03-21 16:21 | Report Abuse

AmWatch revised the TP from RM2.30 to RM2.80...

STOCK FOCUS OF THE DAY
Hock Seng Lee : High growth ahead after RM1.7bil highway package win BUY We maintain BUY on HSL, with a higher fair value at RM2.80/share (vs. RM2.30/share previously) – at an implied PE ratios of 15x and 12.6x for FY17F and FY18F (+3stdv and +1stdv on 3-year forward PE), respectively. The stock’s 3-year forward PE mean is at 12.3x (stdv@1.1x). This follows its winning a RM1.7bil works package (Package 7) of the Pan Borneo Highway, in a JV with Dhaya Maju Infrastructure (Asia) S/B. HSL holds 70% of the unincorporated JV. With an 800km-road building track record, we expect HSL to be the major contributor to the works. Coupled with the size of the 51-month job, we raised FY16F earnings by 5%, FY17F by 48% and FY18F by 38%. As it stands, we expect HSL’s earnings to peak in FY19F. We expect Package 7 to start in earnest only in 3Q as preparatory works would have to be done, and to go full throttle in FY16 until completion in 2020. With Package 7, HSL’s new order YTD comes up to ~RM2.5bil (vs. our previous assumption of RM1.1bil that had yet to incorporate Pan Borneo). This brings its outstanding order to RM2.7bil-RM2.8bil – a historical high and a new milestone for the group – and representing 4.3x-4.5x its FY15 construction turnover. We expect RM300mil more new jobs for the year and maintain our new order assumption at RM600mil each for FY17F and FY18F.
Earnings visibility is enhanced following the award last week of two mega projects, including the RM750mil 6-year Package 2 Kuching central wastewater management scheme. Over 80% of its earlier outstanding order book of RM600mil as at end Dec-2015 would be completed within FY16. With no borrowings, we continue to expect HSL to benefit from various other potential jobs within and outside of SCORE, as well as rural infrastructure development projects. Meanwhile, following Package 7, eight more packages worth a total of ~RM13bil under the Pan Borneo Highway project are left to be awarded. We continue to expect Cahya Mata Sarawak, Naim and KKB Engineering to be in the running to secure a package each.