KUALA LUMPUR: Following the resumption of construction activities and Sarawak’s state government focus on infrastructure developments, Hock Seng Lee Bhd’s (HSL)’s earnings are expected to remain healthy in the coming quarters.
According to MIDF Research, HSL’s prospects are also well-supported by its current order book of around RM1.8bil for construction activities, which would provide the earnings momentum.
This is mainly due to the prompt resumption of business operations and implementation of catchup strategies to ramp up progress in financial year 2021 (FY21), leading to potential higher progress billings.
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