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    HSSEB   MYQ0185OO007

HSS ENGINEERS BERHAD

(HSSEB)
  Report
End-of-day quote BURSA MALAYSIA  -  2022-06-27
0.4500 MYR   +1.12%
06/09HSS Engineers Berhad Announces Resignation of Suliana Binti Rosli as Company Secretary
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06/09HSS Engineers Berhad Appoints Mohd Shahid Bin Zainol Abidin as Company Secretary
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06/09HSS Engineers Targets $114 Million Worth of New Contracts in 2022
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Hss Engineers Berhad, HSS Engineering Sdn Bhd and Hss Integrated Sdn. Bhd. Announces Acceptance of Appointment for the Provision of Engineering Consultancy Services for Upcoming Infrastructure Facility Project in Klang Valley

04/11/2022 | 01:03am EDT

HEB announced that on 11 April 2022, HSS Integrated Sdn Bhd (“HSSI”), an associate of HEB, has accepted a Letter of Appointment from Sambungan Lebuhraya Timur Sdn Bhd appointing HSSI to provide engineering consultancy services for an upcoming Infrastructure Facility project in Klang Valley (“Project”) (“Contract”). Estimated Contract Value: MYR 16,269,000.00. Commencement: 24 January 2022. Estimated Contract Duration: 6 years 7 months. HSSI’s scope of services under the Contract shall include preparing and finalising the preliminary and detailed engineering design for the Project and to provide the relevant technical advisory services. Pursuant to the exclusive teaming arrangement between HSSI and HSS Engineering Sdn Bhd (“HSSE”), a wholly-owned subsidiary of HEB, HSSI and HSSE will be collaborating exclusively to execute and complete the Contract. The risk factors affecting the Contract include, but not limited to execution risks, such as dependency on the schedule of implementation and progress of the Project given the role of HSSI pursuant to the Contract is to provide engineering consultancy services for the Project. Nonetheless, HEB Group has, throughout the years, established its track record and expertise in undertaking such projects. As such, the Board of Directors believes that HEB Group is able to mitigate the aforesaid risk factors. The Contract, being part of the ordinary course of business of HEB Group, is not subject to the approval of shareholders of HEB or any relevant authorities. None of the Directors and/or Major Shareholders of HEB and persons connected to them has any interest, direct or indirect, in the Contract.


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All news about HSS ENGINEERS BERHAD
06/09HSS Engineers Berhad Announces Resignation of Suliana Binti Rosli as Company Secretary
CI
06/09HSS Engineers Berhad Appoints Mohd Shahid Bin Zainol Abidin as Company Secretary
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06/09HSS Engineers Targets $114 Million Worth of New Contracts in 2022
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01/13HSS Engineers Secures Contract Extension from Malaysia's Kedah State
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Financials
Sales 2022 215 M 48,9 M 48,9 M
Net income 2022 13,8 M 3,14 M 3,14 M
Net Debt 2022 - - -
P/E ratio 2022 16,1x
Yield 2022 1,56%
Capitalization 223 M 50,7 M 50,7 M
Capi. / Sales 2022 1,04x
Capi. / Sales 2023 0,86x
Nbr of Employees 858
Free-Float 29,9%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 0,45 MYR
Average target price 0,73 MYR
Spread / Average Target 61,7%
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Managers and Directors
Kunasingam V. Sittampalam Executive Vice Chairman & Group CEO
Mohammad Zakhir Siddiqy bin Sidek Independent Non-Executive Chairman
Sharifah Azlina binti Kamal Pasmah Chief Operating Officer & Executive Director
H. J. Ismail bin Mohammad Salleh Senior Independent Non-Executive Director
Keat Chai Tai Independent Non-Executive Director