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This share has a lot of potential. It has gone up 5.5ct to 57ct now. It is still undervalued since currently trading at forward PE of 6 compared to PEC 8X. Similar industry to PEC and Rotary, in oil gas and petrochemical plant maintenance. PEC has a great run up from IPO price of 40ct to 85ct. Based on PEC PE, Hiap Seng has the potential to reach 70cts.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_85413304096E8CAE4825761600336758/$file/HSEPresentation180809.pdf?openelement
