I guess we shouldn't be panic about losing out contract. " HSS Engineers' legal manager Suliana Rosli dismissed concerns about losing MRCB as a customer, saying it was never a major client to the company. HSS Engineers executive director Datuk Kunasingam V Sittampalam, meanwhile, said the management is "not in the purview to say anything about this.""
KUALA LUMPUR (Aug 15): HSS Engineers Bhd has bagged a RM41.33 million contract to provide construction supervision services for the Selangor Alignment of the West Coast Expressway.
In a filing with Bursa Malaysia today, HSS Engineers said its associate HSS Integrated Sdn Bhd (HSSI) had received a letter of appointment from the IJM Construction Sdn Bhd and Kumpulan Europlus Bhd joint venture (JV) to provide construction supervision for the expressway's Section 1 (Banting Interchange-SKVE Interchange), Section 2 (SKVE Interchange-SAE Interchange), Section 6 (Kapar Interchange-Assam Jawa Interchange) and Section 7 (Assam Jawa Interchange-Tg Karang Interchange).
"The contract is expected to be completed within 39 months to 41 months from commencement of construction works. The contract is in addition to HSSI’s existing appointment for the provision of engineering design for West Coast Expressway from Tg. Karang to Banting, and construction supervision for Section 3 and Section 5," it added.
The contract will not have any material impact on the group's net assets and earnings for the financial year ending Dec 31, 2016, but it is expected to contribute positively to the group’s future earnings.
HSS Engineers shares closed down 5 sen or 7.6% to 60.5 sen today, bringing it's market capitalisation to RM193.04 million.
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....
sayangawak
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Posted by sayangawak > 2016-08-12 15:01 | Report Abuse
volume coming in!!!!!!!lets ride together