InvestorwithIQ

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Joined Feb 2022

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MRT3 PMC contract provides long-term earnings visibility
HSS accepted the Letter of Appointment from MRT Corporation on 4 August 2022 to
provide PMC services for the MRT3 project with an estimated value of RM997.9m over
the expected duration of 11 years. We understand that the revenue will mostly be
recognised in the first 8 years for the engineering design and project management of the
civil works portion of the MRT3.
2 months · translate
HSS Engineers (HSS MK)
BUY (maintain) Price Target: RM0.82
Up/Downside: +115.8% Previous Target (Rating): RM0.82 (BUY)
Multiple growth drivers
➢ We hosted HSS management for a meeting with 12 institutional investors
➢ The RM998m Project Management Consultant (PMC) secured contract for the
Klang Valley MRT Line 3 (MRT3) project provides good earnings visibility
➢ HSS is expanding its engineering services to other industries and pursuing
overseas expansion to diversify geographically. H
2 months · translate
TP 0.82 by AFFIN HWANG INVESTMENT BANK
2 months · translate
The lower sales revenue and profit was affected by chip and container shortages and port congestion. However, these issues are expected to resolve gradually as these issues have been easing with more economies reopen. To bet on IQGROUP's business recovery, this price correction will be a great opportunity to buy IQGROUP at a lower price. Its too early to predict as to what price it can go, but it's worth to hold and buy at this price given its good business recovery prospects. Buy on price weakness and enjoy enormous profit when it recovers and grows.
9 months · translate
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