♦ A road job in the bag? We understand from sources that Hock Seng Lee
(HSL) is close to clinching a road job in Sarawak worth about RM100m. If it
materialises, the contract will help to boost HSL’s YTD new orderbook
secured to about RM300m (see Table 2) and sustain its outstanding
construction orderbook at RM1.2-1.3bn. 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 A Road Job Worth About RM100m? - 19/08/2010
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