【HSL 6238 交流专区】福胜利

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HSL Mulakan Kerja Dalam Fasa Pertama Projek Rawatan Air Sisa Buangan

KUCHING, 20 Nov (Bernama) -- Hock Seng Lee Bhd (HSL) telah memulakan kerja-kerja dalam fasa pertama projek sistem pengurusan air sisa buangan berharga RM452 juta, bagi penyiapan loji rawatan dan sambungan ke harta komersial dan kediaman dalam daerah perniagaan pusat bandar raya ini dan kawasan-kawasan sekitarnya.

Pengarah urusan kumpulan, Datuk Paul Yu Chee Hoe, berkata hari ini projek itu adalah antara projek-projek baru bernilai RM905 juta yang diperoleh kumpulan itu setakat ini.

"Terowong canggih yang menggunakan sistem aliran graviti yang menjimatkan itu melibatkan penanaman paip yang, keseluruhannya, sepanjang 64 kilometer, hingga 27 meter ke dalam tanah," katanya dalam satu kenyataan di sini.

Yu berkata projek yang diperoleh bulan lepas itu merupakan kontrak selama 48 bulan yang diberikan oleh Nishimatsu Construction Co Ltd.

Produk akhir yang dialirkan keluar dari loji rawatan itu kelak ialah air jernih dan bersih, jauh lebih baik daripada apa yang dihasilkan oleh sistem tangki septik sekarang atau pengaliran terus bahan kumbahan ke dalam Sungai Sarawak, katanya.

"Sistem kumbahan yang sempurna adalah lambang kejayaan pembangunan bandar yang lestari dan terancang.

Dengan reka bentuk modular loji rawatan itu, pembesaran pada masa akan datang boleh dijalankan pada modul-modul itu secara berasingan, dan akan memberikan peluang tugasan selanjutnya kepada HSL dalam jangka panjang," katanya.

Tentang pertumbuhan keuntungan dan pendapatan bagi suku ketiga berakhir 30 Sept tahun ini, Yu berkata syarikat pembinaan yang berpangkalan di Sarawak itu telahpun mencapai keuntungan sebelum cukai sebanyak RM41.60 juga hasil pendapatan berjumlah RM 221.70 juta bagi sembilan bulan pertama.

Beliau berkata dengan catatan rekod projek dalam tangan bernilai RM2.6 bilion, yang RM2.3 bilion daripadanya masih belum dilaksanakan, HSL menjangkakan jadual yang padat dalam beberapa tahun akan datang meskipun dalam iklim ekonomi yang sukar di seluruh dunia.

"Setakat ini tahun ini, pendapatan kami meningkat 20 peratus manakala keuntungan sebelum cukai lapan peratus berbanding tahun lepas, jadi kami menjangkakan satu lagi rekod keputusan tahunan menjelang akhir tahun," katanya.

Keuntungan sebelum cukai kumpulan HSL bagi suku semasa ialah RM24.82 juta, meningkat daripada RM23.99 juta bagi suku yang sama tahun sebelumnya.

Meskipun tekanan ke atas margin dirasai dengan kenaikan kos bahan binaan dan bahan api, namun, kata Yu, pendapatan kumpulan itu meningkat 28 peratus daripada RM62.40 juta bagi suku ketiga 2007 kepada RM79.64 juta bagi tempoh yang sama tahun ini.

Pendapatan kumpulan itu akan beroleh manfaat daripada kestabilan atau penurunan harga diesel, keluli dan bahan penting lain pada masa akan datang, kata beliau.

-- BERNAMA

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Move to cut pollution in Kuching waterways

KUCHING: Sarawak is introducing a centralised sewage system in the city to reduce pollution in its waterways.

State Urban Development and Tourism Minister Datuk Michael Manyin said Package 1 of the system was currently under construction and would be completed by October 2012.

He said the system would address the deteriorating water quality in rivers and streams due to discharge of untreated or partially treated waste.

Currently, water from toilets is only partially treated in conventional septic tanks while water from bathrooms, kitchens and washing areas are discharged without treatment.

Under the new system, waste water will be collected and transported to a treatment plant to be treated to the Department of Environ­ment’s Standard A for effluent discharge.

Standard A is deemed clean and safe for water-based activities.

“As such, the implementation of the project will manage water pollution and improve the quality of Sungai Sarawak and other rivers to ensure a sustainable environment for city folk,” Manyin said during the project launch at the civic centre here yesterday.

He said the RM530mil Package 1 was funded by the Federal Govern­ment under the Ninth Malaysia Plan with Kumpulan-Nishimatsu-Hock Seng Lee Consortium as the turnkey contractor.

Package 1 covers the commercial and densely-populated areas of the central business district and comprises a centralised water treatment plant, a sewer network and property connections to the new sewer lines.

Manyin also said the state government planned to extend the project under the Tenth Malaysia Plan, with a proposed Package 2 covering east and west of the city centre and Package 3 covering the northern bank of Sungai Sarawak.

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HSL 来来来 。。。。。

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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

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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

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http://www.midf.com.my/project/m ... 2/12/173644-943.pdf

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福勝利閉市報捷
合約料陸續有來
（吉隆坡22日訊）獲砂州公共工程局頒發總值3580萬令吉道路工程合約，帶動福勝利（HSL，6238，主要板建築）股價上攀至5週新高，早盤成為10大上升股之一，惟后勁不足。

今早開市時，福勝利揚3仙報1.21令吉，隨后微幅上揚至1.22令吉，為今年1月14日以來最大漲幅。

休市時，福勝利股價漲幅稍收窄至2仙，掛1.20令吉。午盤期間，股價走勢則平平無奇，交投冷清。

該公司早前獲頒砂州政府頒發的合約，估計將在2011年2月完成，並為2010及2011財年收益及淨資產提供正面貢獻。

大馬研究分析報告指出，隨著福勝利在東馬打開知名度，未來有望陸續在當地獲更多合約，加強未來發展。

前景受看好，大馬研究將福勝利投資評級上調至“買進”（Buy），目標價格亦由1.22令吉調至1.82令吉。

閉市時，福勝利揚2仙至1.20令吉，成交量21萬400股。

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Hock Seng Lee Bhd (HSL)
(Feb 22, RM1.20)
Upgrade to buy at RM1.18, fair value raised to RM1.82: The revised fair value of HSL shares is based on an unchanged 10% discount to its revised sum-of-parts (SOP) value of RM2.03 per share. This is to reflect an upgrade in HSL’s earnings amid stronger contract flows in Sarawak.

Although HSL’s share price has enjoyed a good run over the last six months, the stock is trading at trough FY10F-FY11F price-earnings ratios (PE) of eight to nine times against its nine-year historical PE band of eight to 17 times. Its balance sheet remains healthy. HSL is debt-free with FY10F net cash position of RM51 million and is further supported by the group’s pro-active share buyback policies.

All in, we project HSL to register a robust FY09F-FY11F earnings per share (EPS) compound annual growth rate (CAGR) of 23% against attractive returns on equity (ROEs) of 18% to 19%. This is mainly underpinned by higher future job orders and a step-up in recognition from its sewerage project in Kuching.

As such, we have lifted HSL’s FY10F-FY11F new contract assumptions by 12%-33% to RM400 million and RM450 million respectively. Even on the current outstanding order book of RM1.1 billion (3.5 times FY09F construction revenue), HSL’s earnings are secured over the next three years.

During our recent meeting with HSL, its management said the group was more upbeat on its order book replenishment prospects ahead of the upcoming Sarawak state elections — due by mid-2011.

Already, there are imminent signs pointing towards a pick-up in contract flows in Sarawak. Earlier this month, Naim Bhd, together with its partner Sinohydro Corp, was awarded the Bakun to Samalaju transmission project valued at RM209 million. This comes on the heels of an RM36 million road job that HSL secured within the Sri Aman division.

Meanwhile, we gather that international tenders for the submarine cable portion of the Bakun hydroelectric dam, estimated at RM6 billion, could be out as early as March. There is greater urgency to kickstart the laying of the undersea cables given that civil works for the project have almost been completed with physical completion at 98%.

HSL expects RM4 billion to RM5 billion worth of road projects to be tendered out in Sarawak in the coming months — including access roads to the Sarawak Corridor Of  Renewable Energy (SCORE). This would include the RM1.4 billion Nanga-Merit as well as the RM700 million to RM800 million Murum dam access road.

Meanwhile, progress on its Kuching sewerage project is well on track (physical works 12% completed as at end-January). Having being involved in ongoing works for phase 1 (package 1), this should solidify HSL’s chances of securing more jobs from remaining portions of the project which is worth RM2 billion.

HSL is also strategically positioned to benefit from an imminent flow of infrastructure works at Tanjung Manis — one of key areas to be developed within SCORE. For the  record, HSL has completed the RM300 million Tanjung Manis deep sea fishing port, the Tanjung Manis airport — in addition to land reclamation works.

HSL continues to enjoy superior construction margins compared to its larger peninsula-based peers — averaging at 17% over last five years. This is due to its competitive  positioning as a specialist in land dredging/reclamation works needed for the bulk of infrastructure jobs in Sarawak given the state’s hilly/swampy terrain. — AmResearch, Feb 19

草下飞

130亿合约待领‧砂选举保温‧建筑领域后劲可期
大马財经  2010-04-20 16:44
（吉隆坡）大马建筑业首季的本地合约虽差强人意，但接一来至少有130亿令吉的计划待发出，加上有第十大马计划和砂州选举“小主题”推动，对建筑领域有加分作用。

马银行研究认为，2010年国內建筑业的“振奋剂”，除了第十大马计划外，就是即將来临的砂拉越州选举，在砂拉越再生能源走廊（SCORE）利好烘托下，对砂拉越股项的购兴有望加强。

今年首季工程颁发相当淡静，因资格鑑定、竞標及评估正进行当中。仅有怡保工程（IJM,3336,主板建筑组）攫取总值6亿令吉新街场大道（Besraya）延长工程；罗集团（LOH&LOH,7706,主板建筑组）与中国水电联营公司攫取的8亿2800万令吉的乌鲁登嘉楼水坝工程。

从年初至今，大马建筑公司所取得的本地工程仅为31亿令吉，比较去年达97亿令吉。

然而，从年初迄今，建筑股股价卓越，已走高9%至35%，並由福胜利（HSL,6238,主板建筑组）及双威控股（SUNWAY,4308,主板建筑组）领先，各扬35%及21%，跑贏马股的4%增长。

不过，根据估计，今年预料有130亿令吉的合约待发出，包括彭雪水源转移计划（12亿令吉）、新廉航终站（20亿令吉）、轻快铁延伸（70亿令吉）和沙巴水利工程（28亿令吉）。另外，在第十大马计划（2011至2015年）下待发出的合约共计546亿令吉，建筑业后劲可期。

马银行研究认为，隨上週颁发总值2亿4700万令吉的姆伦（Murum）水坝衔接道路工程后，相信其余的两三项道路配套將在不久后颁发，潜在的受惠者包括福胜利及罗集团。

国家基建公司（Syarikat Prasarana Negara）將在两个月內宣佈符合资格的首项巴生河流域轻快铁延伸工程配套（格拉纳再也线）的竞標者。其竞標者包括UEM建筑、怡保工程及布城柏达那（PPEDANA,5117,主板建筑组），且相信金务大（GAMUDA,5398,主板建筑组）及双威控股也在“竞选”的名单当中。

同时，承接哥打白沙罗至蕉赖的轻快铁线则获得国內主要承包商的参与，包括怡保工程、金务大、双威控股、成荣集团（MUDAJYA,5085,主板建筑组）、UEM建筑、马资源（MRCB,1651,主板建筑组）及史格米集团（SCOMI,7158,主板工业產品组）。

水务方面，吉流水坝工程预计受惠者包括罗集团及乔治肯特（GKENT,3204,主板贸服组），而金务大则料可取得冷岳2污水处理厂的下游工程。

总值10亿令吉的雪邦新廉航终站主要控制塔及卫星建筑工程仍未颁发，不过报导指已有5名承包商入围。工程预定在明年第3季竣工，潜在受惠者包括UEM建筑、高峰控股（BPURI,5932,主板建筑组）、怡保工程及双威控股。

虽然衔接金马士至新山的双轨火车获得来自中国承包商的参与，不过怡保工程、罗集团及星辰建筑（FAJAR,7047,主板建筑组）仍有机会胜出。

由於福胜利已参与古晋首阶段总值4亿5200万令吉的污水管理系统，因此有望持续攫取第二至第4阶段的工程。

星洲日报／財经‧2010.04.20

clc689

   

clc689

再附上一张图

clc689

大选快来了

khokhokho

大选快来了
clc689 发表于 9-8-2010 11:23 AM

是東馬的州選

他們希望先從東馬開始，因為上一賽大選是靠東馬的運，所以一但東馬開門紅，西馬肯定會接下的閃電大選。

如果東馬一但敗選，大選肯定會無了期

clc689

州选就会有糖果吃
欧在等派唐

Alfredaun

HSL 在 25/8/10宣布6% 中期股息,请问6% 是多少仙?

hijack7997

per value是RM0.20

6%就是RM0.0012

好小气的dividend.....

davidchua

才rm12而已。。。。。

坏男孩

100股就0.012~~
还没扣税的哦~~

背包超人

6% 应该是RM0.012
100股 = RM1.20
1000股 = RM12.00
10000股 = RM120.00

这只是中期股息，通常都比较低。。。要看看年终股息，才知道整年的股息率。
可是我相信不会很高，因为这是家发展中的建筑股，需要很多现金来扩大规模，所以他们的派息率应该不会很高。
不过我看好他的未来，Sarawak有很多大型的Project都在他们手上，至少5年不愁没收入。。。

点点头

请问现在还可以进场吗？我想买凭单。