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There's a Huge Wall @ 0.630 queuing 2 sell... Only BBs can break tis 641 lots...
Just drived around Tuas and Jurong Island and you see them everywhere...although not as many as last year but still doing well. Expect good set of data, can suai on this. Accumulated a small bit.
Tis huge wall really v v hard 2 break ley...
We r waiting funds now...
Bon3260 ( Date: 10-Feb-2010 14:01) Posted:
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kingster ( Date: 10-Feb-2010 14:08) Posted:
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U got c a huge wall blocking 528 lots @ Sell Q?
Only BBs can break tis wall...
Bon3260 ( Date: 10-Feb-2010 13:46) Posted:
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Bon3260 ( Date: 10-Feb-2010 13:09) Posted:
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HIAP SENG
Engineering Ltd.Registration No: 197100300Z
28 Tuas Crescent Singapore 638719
Tel : 6897 8082
Fax: 6897-8081
NEWS RELEASE
HIAP SENG REPORTS SURGE IN NET PROFIT ATTRIBUTABLE TO
SHAREHOLDERS OF 64% AND 163% FOR 3QFY2010 AND 9MFY2010
RESPECTIVELY
Singapore, February 10, 2010
“Group”), a specialist integrated engineering group for the global oil-and-gas,
petrochemical and pharmaceutical industries, today announced a net profit attributable
to shareholders of S$7.9 million for the third quarter ended December 31, 2009
(“3QFY2010”), a 64.2% jump from the corresponding quarter (“3QFY2009”).
For 9MFY2010, net profit attributable to shareholders surged 163.4% to S$23.4 million
on the back of a 12.6% increase in revenue to S$194.7 million, resulting from a higher
percentage of completion in projects as well as higher profit margins from cost
efficiencies and improved productivity.
– Hiap Seng Engineering Limited (“Hiap Seng” or theS$’million 3QFY2010 3QFY2009
Change
(%)
9MFY2010 9MFY2009
Change
(%)
Revenue 68.2 71.3 -4.3 194.7 173.0 +12.6
Gross Profit 14.4 14.0 +2.6 42.5 22.7 +86.9
Gross Profit Margin
(%)
21.1 19.7 +1.4 ppt 21.8 13.1 +8.7 ppt
Profit Before Tax 9.2 6.1 +50.1 28.3 9.6 +192.8
Net Profit
Attributable to
Shareholders
7.9 4.8 +64.2 23.4 8.9 +163.4
Earnings per share
(cents)
2.59 1.58 +64.2 7.70 2.92 +163.4
Page 2 of 3
Said Mr. Frankie Tan, Chairman and CEO of Hiap Seng, “As the economy picks up, we
will continue with our efforts to control costs and improve productivity. At the same time,
we intend to enhance shareholder value by exploring new and viable business
opportunities.”
The Group’s order book as at today stands at S$216 million.
Review of Performance
For 3QFY2010, Group revenue decreased by 4.3% from S$71.3 million in 3QFY2009 to
S$68.2 million in 3QFY2010. However, the gross profit margin for the same period
increased to 21.1% from 19.7% in the previous corresponding period. This is attributed
to savings from the Group’s continued efforts in cost controls and improved productivity.
On the back of an improved gross profit margin in 3QFY2010 and the provision for
doubtful trade debts of S$2.9 million in 3QFY2009, Group net profit attributable to
shareholders increased by 64.2% to S$7.9 million in 3QFY2010 from S$4.8 million in
3QFY2009.
In line with the Group’s expectations, the gross profit margin for 9MFY2010 increased
to 21.8% from 13.1% for 9MFY2009. Continued efforts in cost controls and an improved
level of productivity accounted for this increase.
As at December 31 2009, the Group is in a net cash position with cash and cash
equivalents of S$31.3 million.
Outlook
The outlook for the oil-and-gas, petrochemical and pharmaceutical industries which the
Group serves remains positive, and this is expected to continue with the Group’s efforts
to control costs, improve productivity and explore new business opportunities in order to
enhance shareholder value.
Page 3 of 3
Corporate Profile
Established in 1971 and a main-board listed company, Hiap Seng is a specialist
integrated engineering group for the oil-and-gas, petrochemical and pharmaceutical
industries and is one of Singapore’s leading engineering groups serving the oil-andgas,
petrochemical and pharmaceutical industries.
The Group provides engineering services covering engineering, procurement &
construction (EPC) projects and plant maintenance services for the oil-and-gas,
petrochemical, and pharmaceutical industries in Singapore and beyond.
The Group operates six well-equipped fabrication yards in Singapore, Malaysia and
Thailand with a total land area of almost three million sq ft and a workforce of over
2,500 well-trained and skilled employees.
ISSUED ON BEHALF OF : Hiap Seng Engineering Ltd.
BY : Citigate Dewe Rogerson, i.MAGE Pte Ltd
1 Raffles Place
#26-02 OUB Centre
SINGAPORE 048616
For CDRi.MAGE
CONTACT : Ms Dolores Phua / Ms Andrea Low
at telephone
DURING OFFICE HOURS : 6534-5122 (Office)
AFTER OFFICE HOURS : 9750-8237 / 9667-5837 (Handphone)
EMAIL : dolores.phua@citigatedrimage.com
andrea.low@citigatedrimage.com
For Hiap Seng
CONTACT : Mr Tan Hak Jin
at telephone
DURING OFFICE HOURS : 6897-8082 (Office)
EMAIL : thj@hiapseng.com
014/10/002/HSEL
February 10, 2010
I was wanted 2 buy Hiap Seng @ 0.585 but running out of Bullets. But last min recovered +0.025 diff...
EPS for Hiap Seng for 1Q 2010 : 2.4599 cents ($7.472m net profit)
EPS for Hiap Seng for 2Q 2010 : 2.6486 cents ($8.045m net profit)
Base on 2Q 2010 result and Hiap Seng current price, the forward PE is around 6.513
Hiap Seng order book is $199m based on 2Q 2010 vs $178m on 1Q 2010 press release. Further more, some of the projects have resume in Jurong Island recently.
Solid! Hiap Seng still can remain as ydae price & STI dropped today.
Muz b Q4 result expeting gd liao...
Hiap Seng Cheong Ah!!!
('',)
Hiap Seng's recovering... ('',)
Hiap Seng Cheong Ah!!!
Up +0.035! Gd Job!
('',)
Hiap Seng up up!
Hiap Seng up up!
Hiap Seng up up up!!!
Repeat (3x)
Up +0.01, gd job! ('',)
Looks like sm BBs oredi noe sm gd news fm Hiap Seng. Gd Q4 results again?