Stock Name: HSL
Company Name: HOCK SENG LEE BHD
KUALA LUMPUR: RHB Research Institute has an Outperform on Hock Seng Lee and a Fair Value of RM2.47.
The research house said'' HSL has secured a RM45.7 million subcontract for a rural water supply scheme in Sibu, Sarawak, boosting its year-to-date'' new job secured to RM154 million and its outstanding CONSTRUCTION [] order book to RM1.15 billion.
'Assuming an EBIT margin of 12-15%, the contract will fetch RM5.5 million to RM6.8 million EBIT over the construction period ending 4Q2012,' it said.
It said its forecasts that have assumed HSL to secure RM600 million'' worth of new contracts per annum in FY11-12.
Company Name: HOCK SENG LEE BHD
| Research House: RHB | Price Call: BUY | Target Price: 2.47 |
KUALA LUMPUR: RHB Research Institute has an Outperform on Hock Seng Lee and a Fair Value of RM2.47.
The research house said'' HSL has secured a RM45.7 million subcontract for a rural water supply scheme in Sibu, Sarawak, boosting its year-to-date'' new job secured to RM154 million and its outstanding CONSTRUCTION [] order book to RM1.15 billion.
'Assuming an EBIT margin of 12-15%, the contract will fetch RM5.5 million to RM6.8 million EBIT over the construction period ending 4Q2012,' it said.
It said its forecasts that have assumed HSL to secure RM600 million'' worth of new contracts per annum in FY11-12.
No comments:
Post a Comment