PETALING JAYA: Hock Seng Lee Bhd
’s (HSL) construction revenue is expected to remain stable, backed by its RM2.2bil outstanding orderbook.
RHB Research in a report said it is maintaining its RM600mil orderbook replenishment forecasts for HSL for 2020 and 2021.
“We believe earnings will rebound in 2021, in anticipation of better progress billings due to a sizeable earnings deferment and an improved operating environment for the construction and property businesses.
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