♦ Another job in the bag? We understand from sources that Hock Seng Lee
(HSL) is likely to be awarded an infrastructure job in Sarawak worth about
RM100m within the next 1-2 weeks. If this materialises, HSL’s YTD new
orderbook secured will increase from RM345m at present (see Table 2) to
about RM445m while its outstanding construction orderbook will rise from
RM1.22bn at present to about RM1.32bn. Assuming an EBIT margin of 12-
15%, the contract would fetch RM12-15m EBIT over the construction
period.
Hock Seng Lee Berhad : Close To Clinching Another Job Worth About RM100m? - 17/09/2010
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