September 22, 2010

HSL - Hock Seng Lee lands RM98m road job

Stock Name: HSL
Company Name: HOCK SENG LEE BHD
Research House: OSK

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.


1 comment:

  1. Greetings,
    Despite securing the contract the shares prices are on decline mode....

    ReplyDelete