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

James Ng

2,705 posts

Posted by James Ng > 2018-08-22 08:37 | Report Abuse

https://klse.i3investor.com/blogs/general/170712.jsp
[转贴] [HSS ENGINEERS BHD,加强BIM服务,进入设施管理,东盟和印度地区的地域扩张,探索向发电行业提供支持,未进账订单余额为6亿3千80万令吉] - James的股票投资James Share Investing

Luke91

520 posts

Posted by Luke91 > 2018-08-22 09:24 | Report Abuse

oh no, that might be a unreasonable drop yesterday

PH_Govn

154 posts

Posted by PH_Govn > 2018-08-22 10:57 | Report Abuse

Tun M said Najib stupid to sign lopsided ECRL contract. If Tun M continue ECRL not he more stupid?

maymay

95 posts

Posted by maymay > 2018-08-22 11:05 | Report Abuse

robert168 talk like pro.. haha.. have a check probably on press been done by mahathir.. project will be defer and it is not cancel.. or find method to reduce the cost
22/08/2018 08:26

Mean any chance to rebound tml?

Posted by shortinvestor77 > 2018-08-22 11:21 | Report Abuse

James Ng must have loaded a lot of HSS and incurred huge losses due to yesterday sell down. You buy for him to sell it to you!

maymay

95 posts

Posted by maymay > 2018-08-22 11:57 | Report Abuse

No one wish to have huge lose here. We have to support each other here

robert168

558 posts

Posted by robert168 > 2018-08-22 12:39 | Report Abuse

this company not totally depending with this ecrl project. still have others project which already on going.. can say that you can't really find any company able to provide such engineering support in the markets

Harold Huong

1,036 posts

Posted by Harold Huong > 2018-08-22 12:46 | Report Abuse

Price just drop 17% means ppl still hopes for some news
Price should immediately drop 30% after T.M. media release

Posted by iwantberich > 2018-08-22 13:21 | Report Abuse

KUALA LUMPUR: Proprietary day traders (PDT) and intraday short selling (IDSS) activities were suspended for Gabungan AQRS Bhd and HSS Engineers Bhd for the remainder of the day.

This was after the stocks hit trade limits set by the stock exchange, having lost more than 15 sen or 15 per cent from their reference price on news on of the cancellation of East Coast Rail Link (ECRL).




The PDT and IDSS activities will only resume at 8.30am on Thursday.

Gabungan AQRS was the worst performer for Bursa Malaysia Construction Index as it lost about 10.22 per cent in a day to close to RM1.23.

HSS Engineers shares on the other hand were down 16.37 per cent to end the day at 94 sen.

Stock market analyst Nazarry Rosli said it was only a sentiment play for the two stocks.

"It was only a knee-jerk reaction. The sell-off was due to what was viewed as negative news.

“The impact on the ECRL cancellation is not very significant," he told NST Business.

The two stocks were also analysts' favourites, with 100 per cent "buy" calls despite the cancellation of ECRL project.

Gabungan AQRS has a consensus share price target of RM1.89, which is more than 50 per cent upside potential from the last price.

HSS Engineers meanwhile has more than 20 per cent upside potential with a consensus target price of RM1.16.

https://www.nst.com.my/business/2018/08/403779/gabungan-aqrs-hss-engineers-trading-suspended-after-hitting-trade-limits

whichone

848 posts

Posted by whichone > 2018-08-22 19:57 | Report Abuse

One day chases high, one day push down.
The impact is great.

robert168

558 posts

Posted by robert168 > 2018-08-22 20:06 | Report Abuse

Normally if want to complete a project, few stages involves.

1. engineering studies and design
2. parts supplier
3. constructor company, person who actually construct the project.


based on my understanding, HSSEB is engineering company which provides engineering services and project management consultancy not a constructor. Looks back on the project timeline for HSR, they are expecting to construct on 2018 onwards and engineering studies been done since 2016.

same goes to ECRL. and construction began in August 2017. which means they already complete the engineering design and studies.



may refer to their webpage. check through what is the scope of work for the pass. NEVER EVER as a CONSTRUCTOR.

http://www.hssgroup.com.my/overseas/



don't really understand why people will say HSSEB will have major impact on it.

robert168

558 posts

Posted by robert168 > 2018-08-22 20:10 | Report Abuse

http://www.hssgroup.com.my/railway-2/


maybe this will answer every single doubt for ECRL project. HSSEB only involving on feasibility study !!!

Depeche

4,451 posts

Posted by Depeche > 2018-08-22 20:19 | Report Abuse

Aiya...Fact is fact...cancelled means cancelled..."even canceled for now "still means it's cancelled...PM has strong command of english.....Susann could be correct....it will retrace further...if ECRL cancellation no big deal, it would have been 1.30 yesterday, instead of 0.94.

robert168

558 posts

Posted by robert168 > 2018-08-22 20:35 | Report Abuse

still don't understand..haha..

Posted by Hoh Poh Chen > 2018-08-22 20:35 | Report Abuse

Tomorrow sure down kaw kaw because of the cancellation of ECRL

Luke91

520 posts

Posted by Luke91 > 2018-08-22 20:45 | Report Abuse

If tomorrow down so shortsell

robert168

558 posts

Posted by robert168 > 2018-08-22 22:03 | Report Abuse

over reacted.. those so called analyst really know how to take this chances to bring down the price and buy at oow price.. bravo

maymay

95 posts

Posted by maymay > 2018-08-22 22:05 | Report Abuse

Same thinking , over reacted

Posted by Ethan Chan > 2018-08-22 23:38 | Report Abuse

this stock will drop to 0.75

Posted by Hoh Poh Chen > 2018-08-23 07:31 | Report Abuse

0.75? Really? I think the price should around 0.8-0.9

ddd ccc

565 posts

Posted by ddd ccc > 2018-08-23 09:10 | Report Abuse

Yes cannot so low

Posted by longlifeman > 2018-08-23 09:22 | Report Abuse

up..up..buy..buy

Luke91

520 posts

Posted by Luke91 > 2018-08-23 10:33 | Report Abuse

Pls help pump

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-08-23 11:17 | Report Abuse

This stock become stronger and stronger, worth to invest

hxgn

478 posts

Posted by hxgn > 2018-08-23 15:03 | Report Abuse

Please buy help those trap above RM1. Help them to sell at small profit or breakeven

apolloang

18,163 posts

Posted by apolloang > 2018-08-23 15:04 | Report Abuse

tak mahu lah no ecrl already overvalued

moneypedia

5,987 posts

Posted by moneypedia > 2018-08-23 15:10 | Report Abuse

olait2 lek2, aku usha2 ni take plofit skit myeg tgk2 sini pulak...lai lai lai lai.....8 kupang leh laaa....

hxgn

478 posts

Posted by hxgn > 2018-08-23 15:12 | Report Abuse

Overvalue? Aiya many people said this one got 2 company inside. Before this they said put P/E aside due to aquisition. QR with 2 companies out already but is it good enough? Kah kah kah

Posted by Tiaw Yong Tan > 2018-08-23 16:44 | Report Abuse

It will go South again when announce cancellation of HSR

TrippleZ

1,563 posts

Posted by TrippleZ > 2018-08-23 16:48 | Report Abuse

ECRL cancelled. Cancelling HSR will badly hurt contructions sector. Mostly like will delay or revise with lower cost.

trader420

193 posts

Posted by trader420 > 2018-08-23 17:21 | Report Abuse

Bla bla bla, a lot of babies here relying on ECRL, ECRL isn’t the only project they have right now, tomorrow you’ll see it fly above 1 so better start queuing ;)

Rider

117 posts

Posted by Rider > 2018-08-23 17:34 | Report Abuse

News on ECRLcancellation is out and price reflected already. As for HSR, the uncertainty has been make known, again the market have taken reaction and factored in this uncertainty.
Anymore cancellation coming? If not, then the price now is already good with not much downside.
What would be in the news after the ECRL & HSR--- awards for water works in Selangor.. Penang LRT and +++
With the projects cancellation we witnessed HSS price went down.
So, what would be the reaction with the award of water works, Penang LRT... we don't know when, but should be quite soon, right?

Thanks for the throwing... I acquired quite a bit on 21 August & a bit more today.

fattmoney

62 posts

Posted by fattmoney > 2018-08-23 18:08 | Report Abuse

Ya the HSR cancellation should have already been reflected in the price. But then now...

http://www.sinarharian.com.my/mobile/nasional/pembatalan-ecrl-sser-belum-muktamad-1.871463

hxgn

478 posts

Posted by hxgn > 2018-08-23 18:27 | Report Abuse

Kah kah kah want trust media? Flip flop statement. Just trust your guts ECRL is cancelled for now. Revive? Not too soon

Posted by iwantberich > 2018-08-23 19:08 | Report Abuse

HSSEB: ANOTHER VALUE STOCK TO CONSIDER

Background. HSSEB is the largest local engineering consultancy and management firm that provides engineering and project management services to construction companies and governments. HSS provides engineering and project management services including engineering design, project management, construction supervision and BIM services. HSSEB’s expertise lies in wide range of sectors including building and structures, urban infrastructure, roads and highways, railways and metro systems, airports, ports and harbours, transportation planning, power generation and distribution, water resources and supply as well as sewerage systems. Its client base mostly from Malaysia. HSSEB was listed in ACE Market in Aug 2016, and the Company was transferred its listing to the Main Market of Bursa Malaysia in September 2017.

Consistent margin, low-risk and high barrier of entry business model. Typically, the engineering consultancy fee is about 2-5% of total project costs. The largest cost item for HSSEB is manpower cost, which is about 1/3 of revenue and the rest more on admins, systems and sub-consultants. As consultancy business eliminate underlying risks for construction businesses namely fluctuation of raw material prices, land acquisition and other social and regulatory issues, this business should consistently giving decent and stable margins. More importantly, this business is strictly governed by authorities such as Board of Engineers, CIDB etc. This create high barrier of entry for new entrants.

ECRL cancellation is not a surprise. The worst have already been priced in after the sell-down post GE14 as the stock went down as low as 45 cents in end of May. Hence, the sell-off in Thursday after Tun M announced ECRL cancellation should be just a one-day knee-jerk reaction. In fact, the cancellation should be viewed positively as now it is very clear on what the government’s stance on ECRL is.

Water is the next theme for HSS. HSS has 100% stake in prominent and biggest water consultant company, SPMHB. Last quarter, this unit started to contribute to the group’s bottomline. The biggest water restructuring in Selangor just completed recently after the disposal of SPLASH. Now it is a time for Federal Government to start rolling out NRW program. Quoting an article in 2016 by The Edge, to reduce NRW, government needs at least RM13b. This is just to reduce to 25% not 0% yet. Hence this clearly would benefit HSS’s unit, SPMHB in a big way.

Penang infrastructure spending to continue to support the company’s future orderbook. At least another RM50b will be spent in Penang to improve its infrastructure network. HSS, being a biggest engineering consultant company, should also benefit from this.

Valuation wise, HSS is currently trading at FY19 PER of around 13x. Consultant firms are always trading at very high valuation due to its stable business model, high barrier of entry and superior ROE. As such, engineering consultancy firm always be a takeover target with huge premium. For example, last year, UEM Edgenta sold its engineering consultancy business, OPUS ex-Malaysia operations at 82% premium to OPUS’s last traded price. Globally, US-based engineering consultant company, Jacobs Engineering bought its rival C2HM at huge 70% premium to its market value USD2.85b.

Technically, HSSEB will likely to test RM1.05 and RM1.20 resistances before going back to its pre-GE14 level of RM1.40-1.70.

https://klse.i3investor.com/blogs/hssebvaluestock/170852.jsp

Posted by DreamConqueror > 2018-08-24 01:10 | Report Abuse

Tia announce cancel ECRL pinya yam, tggu itu haliga drop shikit lor, nt balu bili lor.

Lain hali tia announce revive ECRL pinya yam, tggu fly shikit, boleh yuai lor.

Lg apa maciam mau mayin leih.

GoodBoy

6,594 posts

Posted by GoodBoy > 2018-08-24 02:14 | Report Abuse

Tunggu lia yatuh sampai 0.80 liam2 bili lor ...

cheated_

28 posts

Posted by cheated_ > 2018-08-24 04:42 | Report Abuse

Why director NITCHIANANTHAN disposed? Some said > RM 1 today.

Posted by losstillnothing > 2018-08-24 11:43 | Report Abuse

kik lai liao......

Posted by losstillnothing > 2018-08-24 11:44 | Report Abuse

will be 1.10 back

moneypedia

5,987 posts

Posted by moneypedia > 2018-08-24 11:45 | Report Abuse

yah gah ilu maciam gah gih gih gah gih lai lai lai lai lai

goldenluck16

1,956 posts

Posted by goldenluck16 > 2018-08-24 11:46 | Report Abuse

Renewed buying by fund managers

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-08-24 11:56 | Report Abuse

Never regret for buying this stock, profit is real

bjgdila123

3,470 posts

Posted by bjgdila123 > 2018-08-24 12:06 | Report Abuse

yes buy b4 late

Luke91

520 posts

Posted by Luke91 > 2018-08-24 12:10 | Report Abuse

walao, whose hand itchy go pump.

paktua73

18,341 posts

Posted by paktua73 > 2018-08-24 12:12 | Report Abuse

lucky paktua manage grab on earlier morning..

tut tut
late see bz on myeg,lion

Secret

875 posts

Posted by Secret > 2018-08-24 12:34 | Report Abuse

Let get up to 1.1 !!

Egalelity

100 posts

Posted by Egalelity > 2018-08-24 13:20 | Report Abuse

miss boat

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