HSS ENGINEERS BERHAD

KLSE (MYR): HSSEB (0185)

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Last Price

1.06

Today's Change

-0.10 (8.62%)

Day's Change

1.06 - 1.16

Trading Volume

332,900


3 people like this.

3,517 comment(s). Last comment by fensiang 1 day ago

Campione

68 posts

Posted by Campione > 2018-01-18 15:10 | Report Abuse

The contracts awarded are UNSTOPPABLE !!!!!!!

Campione

68 posts

Posted by Campione > 2018-01-18 15:21 | Report Abuse

Lets wait for the show!

sigma99

127 posts

Posted by sigma99 > 2018-01-18 15:29 | Report Abuse

Very nice

optimus9199

2,794 posts

Posted by optimus9199 > 2018-01-18 15:44 | Report Abuse

up up up!

Campione

68 posts

Posted by Campione > 2018-01-18 15:45 | Report Abuse

Hold Tight Everyone!

Campione

68 posts

Posted by Campione > 2018-01-18 16:12 | Report Abuse

Sabar...

optimus9199

2,794 posts

Posted by optimus9199 > 2018-01-18 16:16 | Report Abuse

The menumbok- labuan bridge will be very long

Posted by bullbullbully > 2018-01-18 23:50 | Report Abuse

Sell on news???

Posted by speedlikecy > 2018-01-19 09:07 | Report Abuse

When more ppl know this share, price will move to north

optimus9199

2,794 posts

Posted by optimus9199 > 2018-01-19 15:38 | Report Abuse

up up up!!

Campione

68 posts

Posted by Campione > 2018-01-19 15:39 | Report Abuse

PC Tan - Happy now? At least jump up a bit

Posted by Jailani DArus Jaionseven > 2018-01-19 16:15 | Report Abuse

1.64 vol in 1.2m.. but price not move up..why?.

sigma99

127 posts

Posted by sigma99 > 2018-01-19 16:44 | Report Abuse

dont stop

WM Niaga

1,406 posts

Posted by WM Niaga > 2018-01-19 16:50 | Report Abuse

Big Bro UP 2nite!!! Kah..kah..kah......

Pgraduate

101 posts

Posted by Pgraduate > 2018-01-19 19:06 | Report Abuse

Anytime now ..my gut feeling says it can do one or two limit up..and cross rm2:00

optimus9199

2,794 posts

Posted by optimus9199 > 2018-01-20 07:37 | Report Abuse

Anyone of you here are attending the EGM Jan 30th?

sigma99

127 posts

Posted by sigma99 > 2018-01-22 09:53 | Report Abuse

1.8

optimus9199

2,794 posts

Posted by optimus9199 > 2018-01-22 19:01 | Report Abuse

up up up RM 2.00 is in view

Pgraduate

101 posts

Posted by Pgraduate > 2018-01-22 22:52 | Report Abuse

Actually can reach 2 :00 easily. Just that got people want less money by selling today., instead of selling at 2.70. .hence eg any one sold 1.70 @ 50 lots today actually could make 50k more in due time. ..what to do.. so many poor people around happy with peanuts

Pgraduate

101 posts

Posted by Pgraduate > 2018-01-22 22:53 | Report Abuse

My target is still above rm4

Rider

117 posts

Posted by Rider > 2018-01-23 16:29 | Report Abuse

Now is the period for price determination for the rights and warrants...good to enter when you see a low price.

Posted by Steven Liew > 2018-01-23 20:35 | Report Abuse

Hamtam dia kuat2

Bursa1575

918 posts

Posted by Bursa1575 > 2018-01-24 14:15 | Report Abuse

Ya 168 to 1688

goldenluck16

1,956 posts

Posted by goldenluck16 > 2018-01-28 17:38 | Report Abuse

Time to accumulate.

klkk

294 posts

Posted by klkk > 2018-01-30 11:35 | Report Abuse

All resolutions approved in the EGM. Congrats.
Chance,to collect more is running out..

Rider

117 posts

Posted by Rider > 2018-01-30 16:56 | Report Abuse

Good! The lower the price is trending now the cheaper the existing shareholders will get for the rights issue.

Rider

117 posts

Posted by Rider > 2018-01-30 16:59 | Report Abuse

Hope the management announce the price fixing soon so that the market can start a free run for the rightful price for HSS to be reflected.

csl1991

245 posts

Posted by csl1991 > 2018-01-30 22:16 | Report Abuse

KUALA LUMPUR: Engineering and project management consultant, HSS Engineers Bhd (HEB), is poised to emerge as a premier engineering consultancy firm in the country and in the region as it consolidates its expertise while increasing its size and scale of capabilities.

Executive Director, Tan Sri Ir Kuna Sittampalam, said with the acquisition of SMHB Engineering Sdn Bhd, the group was expected to be able to compete globally, including in India and the Philippines.

“We are looking at opportunities out there and locally we are ready to participate in the coming Mass Rapid Transit 3.

“Wherever the government infrastructure projects are, we will go because we do not choose,” he told reporters after the company’s extraordinary general meeting (EGM) here today.

Kuna, however, said the focus on the mergers and acquisitions would need to rightly and culturally complement the group’s businesses.

“We are in no hurry but we are hungry, and as Harvard Business reported, 85% of all mergers failed globally, we will not acquire if it does not fit us,” he said.

Meanwhile, its Chief Executive Director, Datuk Ir B Nitchianathan, said the group would also focus on the Building Information Modelling (BIM), which could potentially contribute substantially to the group if the government, through the Works Ministry, would enforce it in 2019.

“BIM is a big growth area and we are probably the only one that carries the in-house facility.

“So currently we are looking to find partners in this area as we want to expand further,” he said, adding that BIM was still at an infant stage of implementation.

BIM is an intelligent 3D model-based process that gives architecture, engineering, and construction professionals the insight and tools to efficiently plan, design, construct and manage buildings and infrastructure.

At its EGM, Nitchiananthan said, the company has obtained shareholders’ approval for the acquisition of the entire stake of SMHB for RM270mil.

He said the funding involved bank borrowings of RM85mil; RM89mil from private placement and rights issue; and the issuance of new shares in HEB to SMHB vendors at RM1.14 per share.

SMHB is involved mainly in the water and waste water management as well as water infrastructure related.

Nitchiananthan said after the completion of the acquisition of SMHB, the group would still allow SMHB to operate independently in the next three years to enable a better understanding between both parties’ core business.

“With the acquisition, we will expect a saving of about 5% to 10% in our non-core business,” he said.

On water business outlook, Nitchiananthan said, he was optimistic the group could tap into plenty of opportunities, including services to solve water shortages, namely, in Selangor and Negeri Sembilan.

“Overall, we are confident 2018 would be a much better year for us compare to last year,” he said. - Bernama

Read more at https://www.thestar.com.my/business/business-news/2018/01/30/heb-to-emerge-as-premier-engineering-consultancy-firm/#0ye7zVwm6C7GkU4E.99

Rider

117 posts

Posted by Rider > 2018-02-05 20:51 | Report Abuse

On behalf of the Board, Maybank IB wishes to announce that the Board has today fixed the following:

(i) the issue price for the Rights Shares at RM1.30 each (“Rights Issue Price”) at an entitlement basis of 1 Rights Share for every 10 existing HEB Shares held as at 5.00 p.m. on 21 February 2018 (“Entitlement Date”); and

(ii) the exercise price for the Warrants at RM1.70 each (“Exercise Price”) at an entitlement basis of 3 Warrants for every 2 Rights Shares subscribed.

Rider

117 posts

Posted by Rider > 2018-02-05 20:52 | Report Abuse

Title/Description Renounceable rights issue of up to 31,908,101 new ordinary shares in HSS Engineers Berhad ("HEB") ("Rights Shares") on the basis of one (1) Rights Share for every ten (10) existing ordinary shares in HEB ("HEB Shares") held as at 5.00 p.m. on 21 February 2018 at an issue price of RM1.30 per Rights Share, together with a bonus issue of up to 15,954,050 new HEB Shares ("Bonus Shares") on the basis of one (1) Bonus Share for every two (2) Rights Shares subscribed and up to 47,862,151 free detachable warrants (Warrants) on the basis of three (3) Warrants for every two (2) Rights Shares subscribed
Despatch date 23 Feb 2018
Date for commencement of trading of rights 22 Feb 2018
Date for cessation of trading of rights 01 Mar 2018
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 14 Mar 2018
Listing Date of the Rights Securities 21 Mar 2018

goldenluck16

1,956 posts

Posted by goldenluck16 > 2018-02-05 21:22 | Report Abuse

Buy for longer term...

Issac

1 posts

Posted by Issac > 2018-02-05 22:36 | Report Abuse

Any form available for this right issues?

Posted by projecti2016 > 2018-02-06 12:37 | Report Abuse

opportunity today?

Pavillion

3,100 posts

Posted by Pavillion > 2018-02-06 15:42 | Report Abuse

Are they involved in Undersea Tunnel/MACC?

yiqqre

906 posts

Posted by yiqqre > 2018-02-07 10:09 | Report Abuse

Type
Announcement
Subject
OTHERS
Description
HSS ENGINEERS BERHAD ("HEB" OR THE "COMPANY")- VARIATIONS AND EXTENSION OF TIMEFRAME OF THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING
The Board wishes to announce its intention to vary the utilisation of proceeds raised from the initial public offering ("IPO") exercise in conjunction with the listing of and the quotation of its entire share capital on the ACE Market of Bursa Malaysia Securities Berhad on 10 August 2016. The Company has raised gross proceeds of approximately RM31.91 million from its IPO ("IPO Proceeds").

Please refer to the attachment for further details.

This announcement is dated 6 February 2018.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5685193
Attachments
IPO utilisation announcement-Final (clean).pdf

Posted by PiddleMinger > 2018-02-07 12:39 | Report Abuse

everything so volatile now. think I'll wait until ex date to reenter

Posted by speedlikecy > 2018-02-08 19:25 | Report Abuse

How to subscribe right issues?

csl1991

245 posts

Posted by csl1991 > 2018-02-13 15:26 | Report Abuse

This company has a lot of things going on. Hold tight.

Date Project From Value (RM) Contribution
7-Mar-17 Syarikat Air Darul Aman Sdn. Bhd. 5,391,088 2017
3-Apr-17 MyHSR Corporation Sdn Bhd 17,888,181 2017
1-Aug-17 NAZA Corporation Holdings Sdn Bhd 19,288,377 2017-2021
9-Aug-17 CCC (M) Sdn Bhd 16,500,000 2017
14-Aug-17 BBCC Development Sdn Bhd 6,429,000 2017-2021
11-Sep-17 Pengurusan Aset Air Berhad 5,087,313 2017-2022
13-Sep-17 PNB Commercial Sdn Bhd 10,000,000 2017-2022
28-Dec-17 CCC (ECRL) Sdn Bhd 82,500,000 2018-2024
17-Jan-18 CCC (ECRL) Sdn Bhd 25,000,000 2018-2026
18-Jan-18 Kementerian Wilayah Persekutuan 14,310,000 2018-2019

apolloang

18,163 posts

Posted by apolloang > 2018-02-13 17:54 | Report Abuse

profit down yet can so high......tipu orang kah?

optimus9199

2,794 posts

Posted by optimus9199 > 2018-02-13 22:03 | Report Abuse

up up up!

Posted by uzairbhatti0157 > 2018-02-14 01:12 | Report Abuse

Qtr result -15%

goldenluck16

1,956 posts

Posted by goldenluck16 > 2018-02-14 11:37 | Report Abuse

Fly.....huat ah

darkstar

589 posts

Posted by darkstar > 2018-02-14 11:40 | Report Abuse

YoY -15% WHY?

Rider

117 posts

Posted by Rider > 2018-02-14 12:41 | Report Abuse

Look forward to the big pictures- acquisition of the SMHB Enginnering will enhance the group's turnover, strength and profitability,
Immediate attractions to end by close of tomorrow's market day, 19/2/18 is the ex-date: rights issue at RM1.30, bonus issue and free warrants.

nasai

66 posts

Posted by nasai > 2018-02-14 14:25 | Report Abuse

after exdate price adjusted? newbie here

csl1991

245 posts

Posted by csl1991 > 2018-02-15 10:19 | Report Abuse

For the benefit of all, here's how you calculate the share price after rights issue:
[Market price + (Rights issue price*rights %)]/(1+rights %)

Market price= 1.73
Rights issue price= 1.30
Rights %= 0.1 (or 10% because 1 for 10)

[1.73 + (1.30*0.1)]/(1+0.1)
=1.86/1.1
=RM1.69 per share

RM1.69 will be the adjusted price by Bursa that you will see after ex date.

The rights issue price of RM1.30 is a 23% discount from RM1.69.

yiqqre

906 posts

Posted by yiqqre > 2018-02-15 11:44 | Report Abuse

very good。

AlfI3

1,289 posts

Posted by AlfI3 > 2018-02-15 11:53 | Report Abuse

Sounded exciting n thx for d sharings. Today dey goreng till rm2.00. Very speculative ctr ya

apolloang

18,163 posts

Posted by apolloang > 2018-02-15 11:54 | Report Abuse

OR u think open how much?

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