Postby winston » Wed May 15, 2019 8:53 am

not vested

Trading Buy: HSSEB - 0185
(Last price: RM1.06, Potential upside +21.7%)

Company Profile
HSSEB (listed in Apr 2016) is principally involved in the provision of engineering and project management services including engineering design, construction supervision, project management, environmental services and building information modelling (BIM) services.

Trading Catalyst

We like HSSEB’s exposure to a wide array of domestic infrastructure segments, riding on the pump-priming projects in Malaysia and the ASEAN as major energizing force for growth that are impervious to heightened trade war tensions and decelerating global economy.

Valuation is undemanding at 17.5x FY20 P/E (22.4% below its average P/E of 22.5x since listing), supported by RM546m order book (sustainable for 2-3 years) and a strong 27% EPS CAGR from FY18-21.

Yesterday’s bullish engulfing candle provides an impetus for HSSEB to break above the flag resistance in the short term, opening the door for a retest of the 52W high of RM1.29.

Technical View
Resistance: RM1.11 / RM1.15 / RM1.29
Support: RM1.00 / RM0.975
Cut loss: RM0.960

Key Financial Stats
Trading at 17.5x FY20E P/E (22.4% below 22.5x since listing), supported by a strong 27% EPS CAGR from FY18-21.

Source: HLB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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