Less than u ,iloveshare128. For the buyers, u all shall wait, this counter quite dangerous, very risky. Wait for me to test and analysis till the end of this month. If everything ok. I will encourage u all to buy. If no ok, only I am on risk. Too dangerous. Lol
excerpts from the 2015 annual report: The case to invest: Why we’re building your future today • Record order book of some 30 projects worth RM2.7 billion with RM2.4 billion outstanding as at 31/3/2016 • Recent procurement includes 2 mega-projects: Kuching Sewerage P2 and Pan- Borneo Highway P7 • Profitable every reporting period since 1996 listing • Healthy balance sheet with zero gearing • Strong track record of successful project delivery for over 30 years • Beneficiary of the Sarawak Corridor of Renewable Energy (SCORE) and rural development • Niche market player specialising in marine engineering eg. land reclamation • Technical expertise eg. tunneling, rural water supply, flood mitigation, heavy lift etc. • Large portfolio of equipment including dredgers, tugs and barges, cranes, tunnel boring machines, excavators etc. • Award-winning property developer with innovative residential, commercial and industrial projects • Largest construction firm in East Malaysia by market capitalisation • Committed to corporate social responsibility and maximising returns to shareholders
key note from the "prospect": we are confident of a prosperous year.
Aside from the impact of these two mega-projects, there are other favourable factors for the Group this year. Sarawak’s Chief Minister has declared that the RM5.97 billion allocated in the 2016 state budget for development will be used for roads, drainage, telecommunications, electricity and water supply to improve the livelihood of Sarawak’s rural people. All these generate infrastructure and construction works and added to the ongoing activities in the SCORE region, are likely to keep HSL’s tendering department busy. Overall, Sarawak maintains an energy and an emphasis on development that benefits our industry. The construction sector in the state is expected to grow by 6.4 percent in 2016. With the added drivers of an election year, the pressures of urbanisation and industrialisation, a focus on rural development and the impact of SCORE and the Pan- Borneo Highway, it is an exciting time to be in Sarawak. For HSL, with two mega-project wins in the bag already, we are confident of a prosperous year.
Key note: 1) HSL is still in the running for further bidding successes (With some RM2.7 billion worth of projects now in hand) 2) With sustainable earnings visibility now extending several years ahead, we see 2016 and beyond as a new era of growth for HSL and expect to remain among the most consistently strong performers on Bursa Malaysia’s construction counter.
This is why I said HSL is one of the best growing construction companies in the next few years...
With some RM2.7 billion worth of projects now in hand we anticipate busy times ahead. Nonetheless, HSL is still in the running for further bidding successes. We have become well-versed in addressing the logistical challenges in the SCORE area and have 17 ongoing projects there with a capacity to secure more. Water supply, access routes and other amenities necessary to meet the burgeoning industries and population surge to the region will create further demand for infrastructure. This year, HSL also anticipates vying for other roads and bridges, mass reclamation works, flood mitigation, water supply, affordable housing and other building construction contracts. Our technical proficiency, notably our marine engineering and infrastructure expertise, together with our financial standing remain our crucial competitive advantages in both procurement and execution. The Group maintains substantial cash reserves and is debt free, positioning us comfortably to start up our mega projects. Infrastructure spending under the 11th Malaysia Plan coupled with Sarawak’s agenda of elevating the socioeconomic prosperity of the people will give our industry considerable lift. As we set about executing our newly enlarged order book, we will be vigilant in monitoring and moderating the effects of volatile global markets, fluctuating oil prices, adverse foreign exchange rates and labour constraints. We shall be striving to protecting our industryleading margins and, as always, enhancing shareholder value. With sustainable earnings visibility now extending several years ahead, we see 2016 and beyond as a new era of growth for HSL and expect to remain among the most consistently strong performers on Bursa Malaysia’s construction counter.
Jack Wong, I have to disagree with your statement that buying HSL is risky... HSL is a fundamentally strong company with huge orderbook for the next few years... it will be re-valued to a much higher price in the next few quarters after the results are released...
besides construction, they also have property development.. recently Bank Negara cut the OPR by 25 basis points... they will definitely lead to more housing loan approvals and hence spur the growth of property development...
Another key note from 2015 annual report:
Earnings from robust sales across all products late in 2015 will be largely recognised in 2016. Added to further launches in 2016 including a follow-up residential phase called Precinct Luxe at La Promenade and Vista Industrial Park (VIP) in Muara Tabuan, Kuching, we expect a strong year for the property division.
i personally think the risk is very minimal as there is so much margin of safety... we have taken care of its downside, and let the upside run by itself...
Borneo project only for sarawak registered company. Other company from west Malaysia is hard to get the project. No saying impossible but very less chance compare to sarawak company
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hng33
20,510 posts
Posted by hng33 > 2016-07-21 16:40 | Report Abuse
Gradually recover back despite market downturn...well done HSL