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i estimate hiap seng 2010 EPS to be 9 cts. PEC which is in the same industry and had a terrific run is currently trading at 8X PE. So i reckon hiap seng can go up to 70cts. It may turn out to be another PEC.
Edge magazine has a good write up. HS is also jumping to ME for projects, same as Rotary. Be patient and this gem will shine too.
hiap seng is an undiscovered gem. in the oil petrochemical plant and maintenance industry. similar to PEC. look at PEC price, how it soared. i reckon hiap seng can go up to 70cts. co is profitable its earnings shot up by 161% in 1QFY10.
this counter has come alive..up 6 cts today. co has been profitable. i'm vested. keep it up babe!
i have a friend who is holding 200lots at 80cts...his target price for this counter is 0.12
Hiap Seng @ $0.18. Can buy or not ?