Added on October 10, 2009, 4:02 pm有望赢得更多工程 福胜利值得关注
“另外，集团预期将获得新产业推介所扶持，包括Highfields第2期（发展值：2300万令吉）、The Leaf（2900万令吉）和Batu Kawa（1500万令吉）。”
Added on October 10, 2009, 4:02 pmHSL order book soars to RM1.8 bln
KUCHING: Sarawak-based construction group Hock Seng Lee Berhad’s (HSL) order book soared to RM1.8 billion compared with RM1.7 billion in the previous quarter. Currently, its outstanding order book stands at RM1.3 billion.The construction group with niche markets in the marine and civil engineering sectors as well as property development has a landbank size of 700 acres with the major portion located in strategic areas in Kuching.
The company’s property division, Hock Seng Lee Construction Sdn Bhd (HSLC) incorporated in year 2000, contributes an estimated 10 per cent of the company revenues after aggressively concentrating on property development since year 2004.
Presently, HSLC is leveraging on its strength in its design and innovation to emerge as a strong property player in the local market.
“The difference between us and other developers is our emphasis on design and innovation. Regardless of whether we are targeting medium cost or premium properties, we emphasise on providing carefully thought out homes that offer value for money,” said HSL’s corporate affairs manager Sonja Gan yesterday.
On the other hand, HSL is optimistic that its on-going projects are expected to keep the company busy for at least the next three years.
“Our on-going projects will contribute significantly to the company’s earnings besides enhancing shareholders’ wealth through its high dividend payouts. We have reason to be confident of on-going growth as there is a clear push from the government for accelerated development in Sarawak,” she revealed.
“The advent of the Sarawak Corridor of Renewable Energy (SCORE) initiative and the economic stimulus packages have greatly intensified development in the State and these have led to increased construction activities,” she said.
According to her, HSL currently has over twenty on-going projects throughout Sarawak ranging from infrastructure works to building works. Its core business is primarily in marine engineering with many portions of its projects involving some degree of mass reclamation or dredging works.
Some of the company’s on-going projects are the construction of Kuching City Central Wastewater Management System, flood mitigation in Sibu, reclamation and infrastructure works at Tanjung Manis, building and construction works in Bintulu, Samarahan Industrial Estate and Samariang Riverine Loop Road.
On the property development side, HSLC recorded strong sales despite a slight softening of the property market and material price fluctuations in 2008 particularly cement, steel and fuel.
Besides that the company introduced a product called a courtyard terrace house a few years ago. She explained that the product will bring light and ventilation to the terrace house, adding that a private garden in the house will improve the quality of life for occupants.
The property arm is also moving towards constructing premium properties as the demand is increasing.
“Similarly, now that we are evolving from middle-range properties to higher end ones, we are bringing the philosophy of providing unique features to our clients. Our upcoming guarded and gated community called The Leaf will have electric fencing imported from Australia. This is a revolution in security,” she said.
“We ensure that the houses are well-designed with quality materials and flexible layout plans. With our economies of scale, we are able to negotiate on materials and provide house buyers with exceptional value for money homes,” she added.
Its latest project, The Leaf, is a gated community consisting of 54 units of mixed residential houses located a few minutes drive from Kuching International Airport (KIA). The project includes luxurious contemporary duplex villas, double-storey semi-detached and double-storey link houses.
The Leaf has a comprehensive 24-hour security service with patrols by trained guards besides its integrated electric fencing system. The launching of The Leaf is scheduled for the end of October 2009.
HSLC has also been known to provide excellent value for money properties in the middle and lower price range of below RM200,000. The group believes that by understanding the target market well and being innovative in producing better homes for customers at reasonable prices, this will enable the company to stay ahead of competitors.
At the same time, the company is looking to create new and different products that meet the changing demands of the younger generation.
On the financial front, HSL is on track to register strong financial performance and continue its momentum of growth in the next few quarters. It has reported profit every year since its listing on the Main Board of Bursa Malaysia in June 1996.
The company’s net profit before tax for the first half of 2009 increased some 16 per cent as compared with the same period last year, rising to RM33.10 million from RM26.77 million.
In addition, for the second quarter of fiscal year 2009, HSL’s earnings rose 26 per cent as compared with the same corresponding period last year.
Based on these strong results the company declared a first interim ordinary dividend of 5 per cent per share less tax at 25 per cent payable to shareholders on Oct 9, 2009 during its Annual General Meeting (AGM) last quarter. Interestingly, the group has a conservative management style with zero gearing and a net cash position.
With regards to the company’s Corporate Social Responsibility (CSR) activities, HSL has been given an award for good corporate governance in the construction and property sector by KPMG/The Edge for the last five years. The group has conducted a tree planting programme to preserve the environment as well as providing contributions through charity to the community.
HSL received the ISO Certification 9001:2008 at the end of last year and currently the group has 617 staff. The group has come a long way from its humble beginnings in the middle of 1960s when the three eldest brothers of the Yu/Yii family were involved in sand dredging and land fill operations.
The company was named after the first timber dredging vessel, Hock Seng Lee, which was purchased to start their partnership. Hock Seng Lee Development Company Sdn Bhd, as the company was first known grew rapidly and was incorporated in January 1979. Later on, the company bought more vessels to transport sand and other cargo and began acquiring heavy machinery to support their land fill work. Over the last 30 years, HSL has taken on land reclamation projects of increasing size and complexity, acquiring complementary expertise in soil improvement works, shore protection, drainage and water reticulation activities.
It has diversified into a wide range of complex marine infrastructure, civil engineering and construction works. The group aims to be a leading, integrated, professional construction company contributing positively to the development of modern environments in the region.
“Our main mission is to deliver high quality marine engineering, civil engineering, construction and property development projects on time and on budget to its clients with total satisfaction,” Gan said.
Added on October 15, 2009, 11:42 am（吉隆坡）在政治與砂拉越再生能源走廊（SCORE）因素牽動下，砂拉越建築股有望成為市場下一波投資焦點，尤其大量道路工程合約頒發蠢蠢欲動，僑豐研究看好納因控股（NAIM,5073,主板產業組）、福勝利（HSL,6238,主板建筑組）與許甲明工程（KKB,9466,主板工業產品組）將是主要受惠者。
“ 由於砂拉越合約通常都是頒發給砂拉越人，因此料納因控股、福勝利、億強工程（ZECON,7028,主板建筑組）與砂州日光都是受惠者。許甲明工程則也可能透過工程臂膀或間接子公司攫取鋼鐵製造與水管合約。其他受惠者包括TRC 協作（TRC,5054,主板建筑組），由於它是在砂拉越唯一擁有UPK執照的半島公司，促使這間公司可參與競標當地合約。”
目前積極放眼砂拉越再生能源走廊合約。房屋計劃方面，除了在10月杪推出發展總值達3000萬令吉的“The Leaf”房屋發展計劃，中期則會有一項發展總值6億令吉的“La Promenade”混合發展計劃。其他潛在催化因素包括獲得攫取古晉城市中央污水管理系統後續合約。
Added on November 19, 2009, 5:21 pmHSL registers best-ever quarter pre-tax profit
SARAWAK-BASED infrastructure specialist Hock Seng Lee Bhd (HSL), has registered a 39 per cent increase in pre-tax profit to RM20.67 million for the third quarter ended Sept 30, 2009 from RM14.82 million in the same period last year.
Its revenue was 28 per cent higher at RM101.73 million from RM79.64 million previously.
"We have had a very productive quarter with our wastewater project in Kuching in full swing and many road and building construction projects also progressing well.
"With the economic stimulus packages and the Sarawak Corridor for Renewable Energy projects flowing down to the tendering stage, we are hopeful of further opportunities that draw on our infrastructure expertise," HSL's group chairman Datuk Idris Buang said in a statement here on Thursday.
As at the end of September this year, HSL group had RM1.8 billion projects in hand, with RM1.25 billion unbilled.
Pre-tax earnings and revenue for the group were also up on a year-to-date basis. The pre-tax profit stood at RM51.75 million on revenue of RM261.71 million for the nine months to Sept 30, 2009.
HSL's pre-tax profit and revenue for the previous corresponding period were RM41.63 million and RM221.70 million respectively.
"This leads me to be very optimistic on the year-end results," Idris said.
On Kuching's central wastewater management system project, HSL said it is expected to be implemented in four phases at an estimated cost of RM2 billion.
The first phase of the project, which HSL and its consortium partners begin in October 2008, will take four years to complete.
It involves the laying of the main sewer line, the commissioning of the wastewater treatment plant and connections to commercial and residential properties in the central business district and its surrounds.
Meanwhile, wholly-owned subsidiary Hock Seng Lee Construction Sdn Bhd, has continued its path of innovation and increased its activities recently.
On Nov 7, it launched its inaugural guarded and gated estate called, "The Leaf",which has a gross development value (GDV) of some RM33 million. - BERNAMA
Added on January 12, 2010, 6:15 pm針對砂州概念股的評級，分析員維持羅集團及福勝利（HSL，6238，主板建築股），的「買入」評級，而目標價格分別為4.60令吉和1.40令吉。分析員也稱，福勝利仍然是砂拉越州建築工程的首選。
HOCK Seng Lee Bhd rose in Kuala Lumpur trading, leading Sarawak-based builders higher after OSK Research Sdn Bhd and AmResearch Sdn Bhd said they may benefit from State Grid Corp of China’s plan to invest in the state.
Its shares climbed 7.1 per cent to RM1.21 at 10:25 a.m. on the Malaysian stock exchange, set for their highest close in 12 years. Naim Holdings Bhd, another construction company based in Sarawak, added 1.3 per cent to RM3.02 , set for its largest increase in a week.
The Chinese government-owned power grid operator will set up a joint venture with 1Malaysia Development Bhd, a government fund, to undertake power projects in the eastern state of Sarawak, Prime Minister Datuk Seri Najib Razak said yesterday.
The plan “should spur interest in Sarawakian companies,” Christopher Eng, an analyst at OSK Research Sdn Bhd wrote in a report today. Hock Seng Lee and Naim “should benefit as construction sub-contractors as well as possibly greater demand for their property,” said Eng, maintaining his “neutral” rating on the construction industry.
The joint venture will implement projects under the Sarawak Corridor of Renewable Energy program, Najib said.
The plan “paves the way for a potential collaboration between the Chinese parties and home-grown contractors such as Cahya Mata Sarawak Bhd, Hong Seng Lee and Naim,” Mak Hoy Ken, an analyst at AmResearch wrote in a report today, keeping an “overweight” rating on the construction sector.
Cahya Mata, which has received an offer from PetroSaudi International Ltd. to acquire controlling stake in its building unit UBG Bhd, climbed 6.7 per cent to RM1.90. - Bloomberg