♦ Another job in the bag. As we pre-empted last week (see our Company
Update on HSL dated 17 Sep 2010), HSL announced that it had been
awarded a RM98.7m construction contract for the Gedong-Simunjan Road in
Samarahan, Kuching. The latest contract has boosted its YTD new
orderbook secured to RM444m (see Table 2) and its outstanding
construction orderbook by 8% from RM1.22bn to RM1.32bn. Assuming an
EBIT margin of 12-15%, the contract would fetch RM11.8-14.8m EBIT over
the construction period ending Mar 2013.
Hock Seng Lee Berhad : Lands RM99m Gedong-Simunjan Road Project - 22/09/2010
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