HSSEB 0185 QUARTERLY REPORT 30 SEPT 2018
Quarterly Report Review:
收入与去年同期相比增加。
工程设计业务收入增加主要是TRX外部道路，西海岸高速公路以及为东海岸铁路线的项目在进行并贡献在工程设计业务的收入。
新收购的子公司SMHB Engineering Sdn Bhd开始为工程设计业务增加一千三百三十万的收入。
监管建设业务的Maju Expressway Extension to KLIA，Sungei Besi-Ulu Kelang Elevated Expressway和West Coast Expressway项目进展顺利。
新收购的子公司SMHB Engineering Sdn Bhd开始为工程设计业务增加两千六百四十万的收入。
项目管理业务的收入下降。
BIM服务业务收入下降主要是一些项目已完成。
该集团有希望获得政府颁发水基础设施的一些合约因为该集团在水基础设施有长达55年的经验。
该集团将会继续加强（BIM）服务，有效的管理以建立稳定收入，在东盟和印度地区的地域扩张和探索发电业务服务。
Reference Price:
15.11.2018
Price: RM 0.915
Rolling EPS: RM 0.0574
PE: 15.94
NTA: RM 0.67
Price/NTA: 1.37
PE*Price/NTA: 21.77
Undervalued: RM 0.70
Fair Value: RM 0.93
Overvalued: RM 1.40
Disclaimer:
The information contained in this research is based on data obtained from sources believed to be reliable. However, the data and/or sources have not been independently verified and as such, no representation, express or implied, is made as to the accuracy, adequacy, completeness or reliability of the info or opinions in the research.
Accordingly, neither 以牛攻熊 nor any of its related companies and associates nor person connected to it accept any liability whatsoever for any direct, indirect or consequential losses (including loss of profits) or damages that may arise from the use or reliance on the info or opinions in this publication. Any information, opinions or recommendations contained herein are subject to change at any time without prior notice. 以牛攻熊 has no obligation to update its opinion or the information in this research.
Investors are advised to make their own independent evaluation of the info contained in this research and seek independent financial, legal or other advice regarding the appropriateness of investing in any securities or the investment strategies discussed or recommended in this research. Nothing in this research constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise represent a personal recommendation to you.
This research is being supplied to you on a strictly confidential basis solely for your information and is made strictly on the basis that it will remain confidential. All materials presented in this research, unless specifically indicated otherwise, is under copyright to 以牛攻熊. This research and its contents may not be reproduced, stored in a retrieval system, redistributed, transmitted or passed on, directly or indirectly, to any person or published in whole or in part, or altered in any way, for any purpose.
This research may provide the addresses of, or contain hyperlinks to, websites. 以牛攻熊 takes no responsibility for the content contained therein. Such addresses or hyperlinks (including addresses or hyperlinks to 以牛攻熊 own site material) are provided solely for your convenience. The information and the content of the linked site do not in any way form part of this research. Accessing such website or following such link through the research or 以牛攻熊 site shall be at your own risk.
收入与去年同期相比增加。
工程设计业务收入增加主要是TRX外部道路，西海岸高速公路以及为东海岸铁路线的项目在进行并贡献在工程设计业务的收入。
新收购的子公司SMHB Engineering Sdn Bhd开始为工程设计业务增加一千三百三十万的收入。
监管建设业务的Maju Expressway Extension to KLIA，Sungei Besi-Ulu Kelang Elevated Expressway和West Coast Expressway项目进展顺利。
新收购的子公司SMHB Engineering Sdn Bhd开始为工程设计业务增加两千六百四十万的收入。
项目管理业务的收入下降。
BIM服务业务收入下降主要是一些项目已完成。
该集团有希望获得政府颁发水基础设施的一些合约因为该集团在水基础设施有长达55年的经验。
该集团将会继续加强（BIM）服务，有效的管理以建立稳定收入，在东盟和印度地区的地域扩张和探索发电业务服务。
Reference Price:
15.11.2018
Price: RM 0.915
Rolling EPS: RM 0.0574
PE: 15.94
NTA: RM 0.67
Price/NTA: 1.37
PE*Price/NTA: 21.77
Undervalued: RM 0.70
Fair Value: RM 0.93
Overvalued: RM 1.40
Disclaimer:
The information contained in this research is based on data obtained from sources believed to be reliable. However, the data and/or sources have not been independently verified and as such, no representation, express or implied, is made as to the accuracy, adequacy, completeness or reliability of the info or opinions in the research.
Accordingly, neither 以牛攻熊 nor any of its related companies and associates nor person connected to it accept any liability whatsoever for any direct, indirect or consequential losses (including loss of profits) or damages that may arise from the use or reliance on the info or opinions in this publication. Any information, opinions or recommendations contained herein are subject to change at any time without prior notice. 以牛攻熊 has no obligation to update its opinion or the information in this research.
Investors are advised to make their own independent evaluation of the info contained in this research and seek independent financial, legal or other advice regarding the appropriateness of investing in any securities or the investment strategies discussed or recommended in this research. Nothing in this research constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise represent a personal recommendation to you.
This research is being supplied to you on a strictly confidential basis solely for your information and is made strictly on the basis that it will remain confidential. All materials presented in this research, unless specifically indicated otherwise, is under copyright to 以牛攻熊. This research and its contents may not be reproduced, stored in a retrieval system, redistributed, transmitted or passed on, directly or indirectly, to any person or published in whole or in part, or altered in any way, for any purpose.
This research may provide the addresses of, or contain hyperlinks to, websites. 以牛攻熊 takes no responsibility for the content contained therein. Such addresses or hyperlinks (including addresses or hyperlinks to 以牛攻熊 own site material) are provided solely for your convenience. The information and the content of the linked site do not in any way form part of this research. Accessing such website or following such link through the research or 以牛攻熊 site shall be at your own risk.
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