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[公司专区] 6238 HSL 福勝利

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发表于 2010-1-16 00:23 | 显示全部楼层 |阅读模式
(吉隆坡)政府把東馬的基建發展列為優先計劃,讓東馬業者受惠,基於福勝利(HSL,6238,主板建筑組)有望攫獲更多砂拉越工程,馬銀行研究上調此公司訂單目標至6億令吉,同時上修2010至2011財政年淨利2%與13%。

寫逾一個月高點

隨馬銀行研究提高目標價以反映建築訂單走高,此股寫下超過一個月或8月20日以來的最高峰,一度攀升4仙或4.17%至1令吉,收市掛99.5仙,漲3.5仙。

根據管理層,福勝利有望攫獲更多砂拉越工程,尤其大道與挖泥工程,在已把握的大道與基健計劃下,馬銀行研究看好福勝利在次半年攫獲更多計劃的潛力,因而上調訂單目標自4億令吉至6億令吉。

馬銀行研究分別提高2010與2011財政年淨利預測2%與13%至6550萬令吉和7380萬令吉,預計現有訂單與陸續攫獲的工程將支撐2011年盈利。2009年全年淨利預測為5100萬令吉。

馬銀行研究認為,福勝利未來3年的未攤銷前盈利賺幅至少達15%,歸功於相對海外荷蘭與中國競爭者,勞工與機械成本較低。

此外,福勝利資產負債表穩健,截至今年6月杪的現金流達7700萬令吉,讓這間公司有足夠能力進行新計劃。

未完成訂單13億

福勝利目前未完成訂單達13億令吉,進行著的計劃包括古晉污水管理系統、丹絨馬尼斯土地開發與基健工程、詩巫防水災計劃,佔完成訂單40%。

儘管產業發展僅貢獻稅前盈利15%,仍將提供中期盈利支撐,主要是這間公司擁有高達600英畝的地庫,發展總值達15億令吉。

馬銀行研究看好福勝利在砂拉越挖泥與開墾土地活動的利基市場,並予“買進”評級,目標價1令吉40仙。

Added on October 10, 2009, 4:02 pm有望赢得更多工程 福胜利值得关注
二零零九年十月五日 晚上七时十三分

(吉隆坡5日讯)随着建筑股再次受到瞩目,分析师相信福胜利有限公司(HSL,6238,建筑组)将值得关注。

这是因为砂拉越再生能源走廊预料将在未来数月增加工程流量,而福胜利预料将成为激增建筑活动的受惠承包商之一。

分析师也预料,首相拿督斯里纳吉宣布拨款59亿令吉,在2012年之前提升沙巴和砂拉越家庭的电力和水供供应,也将为该公司带来刺激。

纳吉也调高了上述2州预算案至40亿令吉,在未来3年内兴建1500公里道路,改善当地乡村基建。

福胜利是一家以砂拉越为基地的承包商,在基建工程拥有良好记录。

在截至2009年6月30日止首6个月,福胜利的收益按年成长了12.6%,晋至1亿5998万令吉,主要是拜建筑部门的贡献所赐。

随着利润扩大,其净盈利也从一年前的1979万令吉增长17.3%,达2322万令吉。

标准普尔重申对福胜利的正面看法,因它拥有高达18亿令吉强劲订单。

它补充,其他正面因素尚包括其于海事工程的能力、过去5年稳定收益、主要在砂拉越强劲据点、以及健康资产负债表。

截至2009年6月杪,福胜利手握现金7710万令吉。

“鉴于政府在振兴配套下增加砂拉越的开销,福胜利预料将成为当地更多发展配套竞标案中的更强竞争者。”

“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)。”

本地研究所JF艾毕斯证券行也指出:“在2009上半年,建筑领域占了福胜利集团逾90%的收益贡献。”

该券商预测,在砂拉越再生能源走廊和经济振兴配套实行后,福胜利将在未来数季赢得更多工程。

“作为该州其中一家主要建筑集团,福胜利赢得更多计划的潜能更大。”

据管理层透露,该集团将继续投标涉及道路、桥梁和其他基建工程的大型配套。

马银投资银行指出,今年迄今,福胜利已获颁近3亿令吉新工程,接近全年预测4亿令吉水平。

“迹象显示,福胜利将在年杪前增加获颁工程至6亿令吉,这也将成为其收益提高的潜质。”

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。

由於砂拉越州選舉預計在明年杪或2011年初舉行,國陣將會考慮東馬為重要政治籌碼下,派發許多糖果;同時,砂拉越再生能源走廊計劃即將開跑,加上此州貧窮率高達7.5%,為全馬第4高州,促使市場看好許多基建合約將在近期頒發。

砂拉越建築股獲“加碼”

僑豐指出,近期到砂拉越探訪相關建築公司,獲悉短期內所有工程都是與基建相關,其中共有40億令吉道路合約確定會執行,加上州選舉逼近關係,政府也可能大手筆釋放政治津貼計劃,因此維持砂拉越建築股“加碼”評級,並推薦首選納因控股。

“ 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。”

砂拉越再生能源走廊總值3050億

分析員看好這些州承包商可從總值3050億令吉的砂拉越再生能源走廊受惠。

砂拉越再生能源走廊的初步目的設定為2030年,並規劃中部地區將成為州內主要經濟重心,其中三個主要成長區為丹絨瑪尼斯、Samalaju與沐膠。包括丹絨瑪尼斯被設定為區域港口城市、Semalaju為工業城市,至於沐膠則為“精明城市”與服務業中心。

“根據當地建築公司透露,由於上述發展計劃勢在必行,因此相關地區的建築競標計劃會不斷增加,其中大多數為道路、橋樑與土地復墾工作。

其他也包括許多低成本房屋、政府辦事處與學校計劃。”

州道路設備發展空間大

其中,道路計劃將是重點。根據衡量道路發展的道路發展指數顯示,砂拉越排名末座,代表此州道路設備仍有許多發展空間,料會有更多連接鄉村與許多水壩的道路建築計劃,目前共有總值40億令吉的6條公路計劃會執行,另外還有許多低成本房屋發展計劃。”

“納因控股將是主要受惠者,因為這間公司主要發展中型至可負擔房屋發展計劃。”

其他合約則包括詩巫機場拓展計劃約1億5000萬令吉,美里機場疏浚工程約1億2000萬令吉、海軍基金3億至4億令吉,與丹絨瑪尼斯回教中心。

至於仍在進行的一些高知名度計劃包括總值70億至100億令吉的澳洲力拓加鋁(Rio Tinto)與砂州日光(CMSB,2852,主板工業產品組)聯營的砂拉越煉鋁公司(SALCO)煉鋁計劃,達島紙漿和造紙廠工廠約30億令吉,精煉鋅電工廠約13億令吉,及12座水力發電水壩計劃。

納因控股――買進

目標價:RM3.46

由於擁有龐大訂單與競標合約,加上36%子公司Dayang近期收購Borcos私人有限公司40%股權,合約內容包括2010財政年盈利擔保6500萬令吉,將可讓這間公司2010至2011年盈利潛在提高各為10.5%與7.1%,因此為投資首選。

這間公司料可攫取2億令吉道路合約與1億令吉設備供應裝置合約。目前手上訂單約13億2000萬令吉,並擁有意向書達12億9000萬令吉,大多數為古晉防洪計劃。

另外,這間公司9月獲斐濟政府頒發1億美元(約馬幣3億5400萬令吉)合約,主要負責修復338公里的國家高速公路,惟雙方仍有一些議題上未解決,因此合約仍未列入財測考量。

福勝利――下調至中和

目標價:上調至RM1.25

由於偏高建築賺幅與看好每年會攫取新合約4億令吉,因此上調其2010至2011財政年盈利1至2%。惟相信利好因素已經反映在股價,所以下調評級。

今年已經攫取3億2000萬令吉合約,包括民都魯總值1億2600萬令吉房屋合約,詩巫防洪計劃1億3600萬令吉與其他小型合約總值5800萬令吉,逼近管理層目標4億令吉。

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。

許甲明工程――買進

目標價:從RM2.53上調至RM3.04

仍維持正面展望,除了之前獲頒Samalaju水供建築計劃總值1億9600萬令吉外,這間公司暗示將有相關額外水管銷售合約約9000萬至1億令吉。

這間公司目前在東馬兩州競標2億令吉合約,預料今年第4季或明年初會公佈。

管理層看好有更多基建計劃會頒發,預料可帶動其水管與鋼鐵建築供應。由於合約尚未頒發,因此維持目前盈利預測。

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
发表于 2010-1-17 19:33 | 显示全部楼层
1# cheer

之前给HSL做了一些简单分析,与大大分享。
http://sbpov.blogspot.com/search/label/HSL
发表于 2010-5-25 18:33 | 显示全部楼层
KUALA LUMPUR HOCK SENG LEE BHD [] posted net profit of RM13.54 million in the first quarter ended March 31, up 30% from RM10.42 million a year ago, buoyed by the infrastructure development projects in Sarawak.

It said on Tuesday, May 25 that revenue rose 19% to RM92.41 million from RM77.88 million. Earnings per share were 2.46 sen versus 1.9 sen.

Group chairman Datuk Idris Buang said HSL was also drawing on its marine engineering strength to give it a competitive edge. "We have certainly made a strong start to the year and this puts us on track to achieving good results come year-end," he said in a statement.

Idris said since the beginning of the year, HSL had put in bids for several infrastructure projects. It secured two new road projects, a building contract in Samarahan and a wharf at Muara Tebas bringing the order book to RM1.7 billion with RM1.1 billion outstanding.

He said HSL was developing its TECHNOLOGY [] capabilities and was positioning itself strongly for future sewage projects. Last year, it  purchased new machinery including tunnel boring machines for its biggest ongoing project, the centralised wastewater management project for Kuching.

"By developing our tunneling technology capabilities, we are positioning ourselves strongly for future sewage works," he said.

The entire sewage system for Kuching is estimated to cost RM2 billion, while the first package which HSL was undertaking was worth RM530 million.

Idris said HSL was also undertaking road works throughout the state, building CONSTRUCTION [] projects such as educational institutions and undertaking reclamation for industrial estates.

He expected more opportunities arising with the Sarawak Corridor for Renewable Energy (SCORE) initiatives and projects from the economic stimulus packages.

http://www.theedgemalaysia.com/i ... 66737&Itemid=79
发表于 2010-6-9 16:50 | 显示全部楼层
Sarawak-based infrastructure and marine engineering specialist, Hock Seng Lee Berhad (HSL), has been awarded a RM72.5 million road and bridges project.

The project, the construction and completion of an access road linking Technology Park Samarahan to Tanjong Bako, was awarded to the consortium of HSL and Matrik Bestari Sdn Bhd by the Public Works Department (PWD).

HSL's Managing Director Datuk Paul Yu Chee Hoe said the contract period for the project is 30 months with completion due by December 2012, while payment would be half in cash and the balance in the form of land.

"We expect the project to contribute positively to the Group's bottom line, while the land allocation will add to our existing landbank of over 600 acres. It will also provide further opportunities for our successful property development division," he said in a statement here today.
HSL, which has built close to 700km of roads throughout Sarawak will have a 90 per cent share in the consortium and local Bumiputera construction contractor Matrik Bestari Sdn Bhd, 10 percent share.

Yu said crossing Kuching and Samarahan divisions, the new link road also required two reinforced concrete bridges over Sungai Bayor and Sungai Jernang and numerous culverts.

He said the new bridges would be constructed with support from HSL's extensive marine fleet as both require bore piling of one metre diameter due to the rocky nature of the river beds.

"The new road and bridges contact brings the total value of projects procured so far this year to RM189 million," he disclosed.

Yu said during the same period, some RM149 million worth of projects were completed, including an educational institution in Bintulu, road works at Panchor near here, and a property development project, Vista Parade in Sibu.

He said procurement is continuing strong with infrastructure development across Sarawak intensifying in the wake of the economic stimulus packages and the Sarawak Corridor for Renewal Energy (Score) initiatives.

"The resulting boost to the construction industry is very evident in our order book, which at RM1.8 billion with some RM1.15 billion outstanding, is being sustained at our highest level," he explained.

At present, HSL's largest project in hand is the Centralized Wastewater Management project for Kuching (Package 1), which is now underway, worth RM530 million.

Also ongoing is the RM179 million reclamation and infrastructure works for the shipping industrial estate in Tanjung Manis, RM136 million Sibu Flood Mitigation works, several road works throughout the state, building construction projects including educational institutions and additional reclamation works for industrial estates, among others.

"It is an exciting time for Sarawak and with roads into the interiors to be built, the development of hydro-power facilities and rapid urbanisation requiring water management, flood mitigation and sewage systems," Yu said.

He added all these generate potential projects for HSL with the recently announced first quarter results putting earnings up 30 percent over the same period last year.

"This year looks like being another one of commendable growth for HSL," he said. -- Bernama

http://www.btimes.com.my/articles/20100609145145/Article/

为何股价还是不动如山??
发表于 2010-6-11 18:17 | 显示全部楼层
(吉隆坡)福勝利(HSL, 6238, 主板建筑組)與Mastrik Bestari組成的財團,攫獲砂拉越政府價值7250萬令吉合約,以承建由三馬拉漢工藝園至古晉丹絨峇哥的道路與橋樑。

福勝利在財團持股90%,付款將以現金與地段(50:50)進行,估計在2012年12月完成。

受到利好消息激勵,該股在投資者追捧下節節上升,一度起9仙至1令吉52仙,儘管後來漲幅收窄,最終仍以起7仙至1令吉50仙。

分析:

馬銀行研究表示,新合約將提高這間公司現有合約至1億8900萬令吉、總合約價值訂單至18億令吉、未進賬工程至11億5000萬令吉,若以總賺幅15%計,這計劃估計帶來700萬令吉淨利或每股盈利1.2仙,大部份將在2011至2012年呈現。

興業研究分析,若營運賺幅為15至18%,上述計劃將在長達30個月的建築期限,帶來1090 萬至1310萬令吉營運盈利。

放眼4億教育設備計劃

基於合約流改善,分析員也看好這間公司今年有望把握高達6億令吉新約。

僑豐相信,這間公司有望在今年攫獲古晉第二階段的廢水系統,價值超過5億令吉。

這間公司放眼價值4億令吉的教育設備計劃,僑豐認為是由私人融資計劃主導的瑪拉工藝大學(UiTM)。

砂拉越再生能源走廊(SCORE)帶動下,分析員對砂拉越展望正面,更預見第十大馬計劃分配更多發展經費至此區,發展紀錄強勁的福勝利有望成前線受惠者。

由於一半付款以地段支付,馬銀行研究認為,這間公司地庫料成長15%。現有地段為600英畝。

僑豐表示,此地段可能位於古晉,面積達約100英畝,或作為工業用途。

興業維持2010至2012財政年淨利預測各7440萬、9030萬與9840萬令吉;僑豐 2010至2012財政年淨利預測各為7230萬、8620萬與9220萬令吉。

http://biz.sinchew-i.com/node/35197
发表于 2010-9-1 19:22 | 显示全部楼层
刚看了健忘的HSL最新分析。。。

有股冲动想要买会HSL。。哈哈。。

http://sbpov.blogspot.com/2010/08/hsl2010q2.html
发表于 2010-9-22 09:34 | 显示全部楼层
Hock Seng Lee lands RM98m road job

KUALA LUMPUR: HOCK SENG LEE BHD [] (HSL) has secured a RM98.72 million contract from AF CONSTRUCTION [] Sdn Bhd to build the Gedong-Simunjan Road in Samarahan, Sarawak.

In a filing with Bursa Malaysia Securities on Sept 21, HSL said the scope of works include earthworks, road, drainage and bridges.

It said the project was due to be completed by March 2013. HSL said the contract was expected to contribute positively to its earnings for the financial years ending 2010 to 2013.

http://www.theedgemalaysia.com/b ... m98m-road-job-.html
发表于 2010-9-22 22:29 | 显示全部楼层
Hock Seng Lee lands RM98m road job

KUALA LUMPUR: HOCK SENG LEE BHD [] (HSL) has secured a RM98.72 million contract from AF CONSTRUCTION [] Sdn Bhd to build the Gedong-Simunjan Road in Samarahan, S ...
BIoTech 发表于 2010-9-22 09:34

got new project again!~ 几百亿的合约在手了,股价还会跌。奇怪
发表于 2010-11-2 23:19 | 显示全部楼层
HSL 处于完好的上杨格局,一旦成功攀越 RM2 的关口,股价可以继续上扬。短期支持线 1.80

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发表于 2010-11-10 17:11 | 显示全部楼层
Hock Seng Lee gets RM67.3m Sarawak road project

KUALA LUMPUR: HOCK SENG LEE BHD [] has secured a RM67.34 million contract to build the Tuie/Supa/Manggut Road in Betong, Sarawak.

It said on Wednesday, Nov 10 it has signed a sub-contract agreement with Adiqa Engineering Sdn Bhd to undertake the project.

“The scope of works includes earthworks, road, drainage and other related works. The works of the project will be due to be completed by May 2013,” it said.

Hock Seng Lee said the contract is expected to contribute positively to the earnings and net assets of the group for the financial years ending 2010 to 2013.

http://www.theedgemalaysia.com/b ... k-road-project.html
发表于 2010-11-11 18:12 | 显示全部楼层
HSL awarded RM67.3m contract

KUALA LUMPUR: Hock Seng Lee Bhd (HSL) yesterday clinched its sixth contract for the year to date valued at RM67.35 million for the construction of the Tuie Supa Manggut road in Betong, Sarawak, which is a subcontract agreement with Adiqa Engineering Sdn Bhd.

The company told Bursa Malaysia that the latest project, which is due to be completed in May 2013, would contribute positively to earnings and net assets of HSL for the financial years between 2010 and 2013.

For 2010, the Sarawak-based construction company has already clinched six contracts totalling around RM404.8 million for road and drainage related works from various parties, including the state government.

Its share price has surged 76.4% year to date. HSL closed at RM1.87 yesterday off its intraday high of RM1.90 on strong volume of four million shares changing hands.

Against the backdrop of the Sarawak state election due soon, dealers said they expected the company to secure more additional road works given its track record on bagging contracts from the state government.

The company reported a 40% increase in its 2Q ended June 30, 2010 net profits to RM17.98 million from RM12.80 million in the same period a year ago.Revenues in 2Q also rose by 35.5% to RM111.26 million from RM82.10 million compared with the same period a year ago.

In the cumulative six-month period until June 30, net profits jumped to RM31.52 million from RM23.22 million on the back of revenues rising to RM203.66 million from RM159.98 million in the same period in 2009.

Basic earnings per share for the first six months of the year rose to 5.74 sen from 4.23 sen, while its net tangible assets were at 57 sen per share.

The company also said in a statement that it was interested in the Mukah airport project and had in the past months bid for contracts totalling RM700 million of which the outcome would be expected before year-end.

“There is no doubt that Score offers vast prospects and we will be selective in pursuing those projects that tap our core competencies and enable us to maintain our sound margins and robust earnings growth,” said its chairman Datuk Idris Buang.

The company will announce its 3Q financial results by the end of this month.

http://www.theedgemalaysia.com/i ... m673m-contract.html
发表于 2010-11-25 13:19 | 显示全部楼层
6238    HSL    HOCK SENG LEE BHD  
Distribution Share Dividend 1 : 50  

Entitlement Details:
Distribution of share dividend on the basis of One (1) treasury share for every
Fifty (50) existing ordinary shares of RM0.20 each held by shareholders,
fractions of treasury shares to be disregarded.


Entitlement Type: Others
Entitlement Date and Time: 15/12/2010  04:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2010
EX Date: 13/12/2010
To SCANS Date:   
Payment Date:   
Interest Payment Period:   
Rights Issue Price: 0.000
Trading of Rights Start On:   
Trading of Rights End On:   
Stock Par Value:   

Share transfer book & register of members will be closed from   to   (both dates inclusive) for the purpose of determining the entitlements  

A Depositor shall qualify for the entitlement in respect of:  
- Securities transferred into the Depositor's Securities Account before 15/12/2010 04:00 PM in respect of ordinary transfers.  
- Securities transferred into the Depositor's Securities Account before     in respect of express transfers.  
- Securities deposited into the Depositor's Securities Account before     in respect of securities exempted from mandatory deposit.  
- Securities not withdrawn from the Depositor's Securities Account as at    .  
- Securities bought on KLSE on a cum entitlement basis according to the Rules of the KLSE.  

Registrar's Name and Contact:
TRICOR INVESTOR SERVICES SDN BHD
Level 17, The Gardens North Tower
Mid Valley City, Lingkaran Syed Putra
59200 Kuala Lumpur
Tel No: 603 - 2264 3883


Remarks:
Subject to the approval of Bursa Malaysia Depository Sdn Bhd for the transfer
of the share dividend by way of bulk transfer, the share dividend will be
credited into the entitled Depositors Securities Accounts within 10 market days
from the entitlement date of 15 December 2010.


Submitted By:
Augustine Law
发表于 2010-11-25 13:29 | 显示全部楼层
发表于 2011-1-14 16:28 | 显示全部楼层
OSK Research maintains Buy on Hock Seng Lee, TP RM2,32

KUALA LUMPUR: OSK Research is maintaining a Buy on Hock Seng Lee with a target price of RM2.32.

It said on Friday, Jan 14  HSL’s 4Q results will be announced sometime in February and management is confident of achieving  about RM70 million in earnings for the full year FY10, which is pretty much in line with its forecast of RM72.2 million.

“We make no changes to our earnings estimate, which implies an FY10-12 CAGR of 21.3%. Our RM2.32 TP continues to be based on 14.5x FY11 earnings, which is 2 standard deviations above its historical mean PER.

“We argue that the stock’s premium valuations are warranted given: (i) its uninterrupted earnings growth for 8 consecutive years at a 25.1% CAGR, (ii) above-industry profit margins, (iii) net cash position, and (vi) expertise in marine engineering,” OSK Research said.

http://www.theedgemalaysia.com/b ... g-lee-tp-rm232.html
发表于 2011-1-14 22:54 | 显示全部楼层
OSK Research has maintained the earnings forecast of Hock Seng Lee Bhd (HSL) for financial year ending 2010.

In a research note today, OSK said HSL's fourth quarter results would be announced sometime next month.

"The management is confident of achieving RM70 million in earnings, which is pretty much in line with our forecast of RM72.2 million," it said.

OSK said HSL management has said that Phase 2 of the Kuching Wastewater project was now 30 per cent complete and on track for the second quarter 2014 deadline.

"Given HSL's experience with Phase 1 and possession of the necessary equipment, we think it stands a good chance with the subsequent phases.

"We also gather that HSL is in discussions on a concession to main the wastewater system once it is completed," it said.
The entire job, over four phases, is worth RM2.2 billion, it said.

OSK has maintained a 'buy' call on the company with the target price at RM2.32. -- Bernama

Read more: HSL target price at RM2.32: OSK http://www.btimes.com.my/Current ... _html#ixzz1B1P1M5lt
发表于 2011-2-7 21:34 | 显示全部楼层
Sarawak’s election stocks: Hock Seng Lee expects 2011 to be as good as last yr

KUALA LUMPUR: Hock Seng Lee Bhd (HSL), East Malaysia’s largest construction firm by market capitalisation, expects this year to be at least as good as 2010 on potential jobs within the Sarawak Corridor of Renewable Energy (Score).

The potential projects, according to HSL’s corporate affairs manager Sonja Gan, included sewage works, flood mitigation and various infrastructure and building works, especially the Mukah and Tanjung Manis areas where HSL’s strength in reclamation came to the fore.

“We are currently eyeing further projects in Mukah and Tanjung Manis including a road, airport works, an educational institution and further reclamation and infrastructure contracts,” she told The Edge Financial Daily. “It is noteworthy that all these prospective contracts involve considerable amount of reclamation or sand filling which is HSL’s core strength.”

HSL has close to RM400 million worth of ongoing projects in Mukah and Tanjung Manis and is well versed in the operating conditions at this relatively remote part of central Sarawak, according to Gan.

The Sarawak-based company had previously completed a sea port, fishing port, airport extension and a number of road and industrial park reclamation projects in the vicinity, she added.

According to notes accompanying the company’s financial statements on Nov 25, 2010, HSL presently has RM1.95 billion worth of projects in hand of which RM1.25 billion are outstanding.

“We are currently actively pursuing package 2 of the Kuching centralised wastewater project which may be worth some RM500 million,” said Gan. “Having invested heavily in the necessary technology including advanced tunnel boring machines, we feel well qualified to continue with further packages of the project both in Kuching and subsequently in other major cities in the state.”

Other potential projects for 2011 include further roads in Bintulu and Kuching, roads and bridges associated with Score and an industrial estate extension in Samarahan, she added.

For the nine months ended Sept 30, 2010 (9MFY10), HSL’s revenue totalled RM338 million, up 29.15% from the previous corresponding period while net profit amounted to RM51.81 million, a jump of 33.91% from RM38.69 million previously.

“We had a record year in 2009 and we will announce our FY10 results at the end of February 2011,” said Gan. “Looking at our 3Q10 results you can see we are well on track to achieving another record-breaking year.”

HSL recorded a revenue of RM375 million for FY09, up 21% from RM309.1 million a year ago. Net profit was 34.61% higher year-on-year at RM56.3 million, the highest since the company was listed in 1996.

According to Bloomberg data, the counter at its closing price of RM1.85 on Jan 28 was traded at a forward price-to-earnings ratio (PER) of 14.1 times.

With net asset per share of 60 sen as at Sept 30, 2010, HSL trades at a price-to-book ratio of 3.1 times on Jan 27, 2010.

The company is virtually debt free. It has a net cash position of RM80.6 million as at Sept 30, 2010, which is 5.55% higher than RM76.4 million as at Dec 31, 2009.

Analysts are bullish on HSL on the company’s prospect of securing more jobs under the Sarawak infrastructure theme, partially fuelled by the upcoming state elections. All seven analysts who released reports on its most recent results had a “buy” recommendation on the stock.

The consensus target price on the stock is RM2.21, according to Bloomberg data. This is 19.5% or 36 sen higher than its Jan 28 closing of RM1.85, which gave the company a market capitalisation of RM1.08 billion.

For one, OSK Research said 2011 should be even better for HSL. The research house pegged a target price of RM2.32 for the stock based on a forward PER of 14.5 times, which is two standard deviations above HSL’s historical mean PER.

“We argue that the stock’s premium valuations are warranted given its uninterrupted earnings growth for eight consecutive years at a 25.1% CAGR (compounded annual growth rate), above-industry profit margins, net cash position and expertise in marine engineering,” it said in a research note to clients on Jan 14.

According to Maybank IB Research, HSL’s new jobs secured, worth a total of RM530 million in 2010, are sufficient to provide for two years of strong earnings growth at 20% per annum into 2011.

“We expect margins to sustain at 19% to 20% (blended) for construction,” it said in a research note to clients on Nov 26, 2010. “We are still positive on HSL delivering double-digit earnings growth into 2011 and benefiting from job flows under Score.”

HSL had in December last year completed a share dividend exercise rewarding shareholders on the basis of one treasury share for every 50 ordinary shares of 20 sen each held. This translates into a return of 3.7 sen per share based on the stock’s closing price of RM1.85 on Jan 28.

“A final dividend will be announced in conjunction with the annual results next month,” said HSL’s Gan. In 2009, HSL paid out a pre-tax total of 2.4 sen a share in dividends.

http://www.theedgemalaysia.com/i ... s-good-as-2010.html
发表于 2011-2-19 02:30 | 显示全部楼层
PETALING JAYA: Hock Sin Leong Group Bhd is facing a possible de-listing after failing to submit its regularisation plan to the Securities Commission or Bursa Malaysia Securities for approval within the stipulated timeframe.

The electrical and electronics retail player said in a filing with the exchange that trading in its securities would be suspended from Feb 25 and its securities delisted on March 1 unless it submitted an appeal to Bursa Securities by Feb 24.

walao @@
发表于 2011-2-19 07:28 | 显示全部楼层
PETALING JAYA: Hock Sin Leong Group Bhd is facing a possible de-listing after failing to submit its  ...
Pyro 发表于 2011-2-19 02:30


Bro...Diff company lah...

This one is hock see lee...not hock sin leong...

hock sin leong sell 电器的。。。
发表于 2011-2-19 08:16 | 显示全部楼层
HSL wins contract RM16mil
Tuesday February 1, 2011

KUCHING: Hock Seng Lee Bhd (HSL) has secured a RM16.15mil contract from the Sarawak Industrial Development Ministry for a project in Samarahan Industrial Estate near here.

Corporate affairs manager Sonja Gan said the project would involve site clearing, earthworks and infrastructure.

“The contract period is 18 months. We are expected to possess the project site on Feb 14,'' she told.


Sonja Gan ... 'The contract period is 18 months'.
HSL was awarded a RM116mil contract for the phase one extension of the Samarahan Industrial Estate in 2008. This project is expected to be completed by March this year.

The RM16.15mil contract awarded last week was the first won by HSL this year. Last year the group secured 14 contracts, mostly road and infrastructure-related, boosting its order book to more than RM1.95bil.

Gan said HSL, whose core strength is in reclamation and sandfill jobs, was awaiting the outcome of several bids on road projects in the Sarawak Corridor of Renewable Energy (SCORE). These projects include access roads to the proposed hydroelectric dam sites in Kapit and Limbang Divisions.

She said as both the Sarawak and federal governments had a clear plan on SCORE's infrastructure and other developments, HSL expected a lot of job opportunities, especially in Tanjung Manis, Mukah Division where the company had completed several major projects.

Among the projects are the RM300mil Tanjung Manis deepsea port and ongoing projects for the RM64mil shipbuilding industrial zone (to be ready in two months' time), RM47mil road project to link Tanjung Manis new township, the halal park and Kampung Rajang and RM83mil infastructure works for the proposed RM83mil Palm Oil Industrial Complex project.

Mukah is one of SCORE's five growth nodes, and it will be developed into a smart city to serve as the corridor's nerve centre. Tanjung Manis, which is home to Malaysia's largest integrated timber complex, is planned as an industrial port and halal hub.

Gan said the proposed new Mukah airport and extension of the Tanjung Manis airport were among the major projects in SCORE.

She said HSL was actively pursuing additional packages of works in Sibu and Kuching.

Its RM136mil Sibu flood mitigation project is expected to be completed by June next year. HSL has completed about 30% of the RM452mil Kuching central wastewater management system (package 1) project.
发表于 2011-2-19 08:18 | 显示全部楼层
Construction jobs to increase before S’wak elections
Posted on February 12, 2011, Saturday

KUCHING: Construction jobs are expected to be dished out as Sarawak moves closer to its 10th state elections slated to be held this year, according to OSK Research Sdn Bhd (OSK Research).

“We believe that most of these jobs will revolve on basic infrastructure in the rural areas to ensure continued political support,” it said in its research report yesterday.

OSK Research also believed that the Sarawak elections would take place sometime mid-year.

This was based on its current view that the general election was likely to be held towards year-end, which was well after Sarawak’s July deadline, thereby leading to its assumptions that holding concurrent elections was unlikely.

The research firm outlined tenders for RM2 billion worth of road jobs which recently closed including the 73 kilometre (km) road to the Baleh dam, 60km to the Baram dam, 22km to the Limbang dam and 136km to the Nanga Merit coal mine.

“In addition, we understand that the government has set aside RM1 billion for a mass affordable housing project and another RM1 billion for rural infra and utilities. Other upcoming projects in the near term are the Mukah Airport extension, Tanjung Manis Airport extension and skills training institute.”

To support this sentiment, the research firm conducted a share price study on home grown Sarawakian contractors, who they predicted were the ultimate beneficiaries of heightened infra contracts since most jobs in the state were usually awarded to them.

In this report, the research firm studied the share price performance of five construction related Sarawak companies during the previous state election in 2006, namely Naim Holdings Bhd (Naim), Hock Seng Lee Bhd (HSL), KKB Engineering Bhd (KKB), Cahya Mata Sarawak Bhd (CMS) and Zecon Bhd (Zecon).

“Six months prior to the 2006 state election, the shares of Naim, HSL and KKB all strongly outperformed the FBM KLCI by 16 to 23 per cent. While CMS underperformed over the six month horizon, the stock did outperform the FBM KLCI by 7.4 per cent in the three months before the polls.”

On the other hand, OSK Research noted that Zecon’s 9.8 per cent and 4.3 per cent under-performance over the sixth-month and third-month horizon prior to the election was most likely due to isolated and company specific reasons given its operating losses that year.

The overall performance was largely negative following three months after the election, with Naim, HSL and CMS underperforming the flattish FBM KLCI by three to six per cent as investors probably locked in their gains.

KKB continued to outperform by 8.5 per cent, while Zecon was a market performer within the three months post election.

“Our share price analysis suggests that the Sarawak election is a bankable theme if one gets the timing right,” they summarised.

“Should the polls be held sometime mid-year as we opine, this means there are four to five months more to go,” they highlighted. “We advise investors to position themselves for this event given the favorable odds of Sarawak construction counters outperforming.

“As our analysis shows largely a negative performance post election, investors should consider taking profit earlier. An ideal time would probably be on nomination day, which is usually one to two weeks before the actual polls.”

Other Sarawak names that OSK Research did not include in its analysis were Dayang Enterprise Holdings Bhd (Dayang) and Sarawak Cable Bhd (SCB) as these companies were not listed during the 2006 election.

Dayang was primarily involved in the provision of offshore topside maintenance and vessel chartering. It recently
announced a slew of positives which include a RM802 million hook up contract and the sale of its loss making associate, Borcos.

Based on consensus estimates, the stock is trading at 13.6 times on FY11 earnings and 12.4 times FY12.

“SCB, on the other hand, is involved in the manufacture of electrical wires and cables. There is currently no consensus rating on the stock,” it concluded.

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