Hss Engineers Berhad

$HSSEB / 0185 (HSS ENGINEERS BERHAD)
Research by CGSI

KUALA LUMPUR: HSS Engineers Bhd's wholly-owned subsidiary HSS Engineering Sdn Bhd has entered into a joint venture and shareholders' agreement with OPUS International (M) Bhd, a sub-subsidiary of UEM Edgenta Bhd, to provide engineering and technical services.

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

$HSSEB / 0185 (HSS ENGINEERS BERHAD)
Research by CGS
Add – TP of MYR 1.48

“High-margin foreign win to compensate for delayed MRT 3 PMC”

HSS Engineers (HSS) and its JV partner, Consultant HSS, LLC, on 1 July entered into a contract with the Mayoralty of Baghdad for the provision of Project Management Consultancy (PMC) and Construction Supervision Services (CSS) for a metro project in Baghdad. The total estimated fees are RM1.49bn, of which HSS’s 50% share is worth RM745m. Of this amount, RM249m (0.6% of construction cost of RM83bn) relates to the PMC work that commences in Jul 24 and ends in 3Q25F. Thereafter, the CSS contract worth RM497m (1.2% of construction cost of RM83bn) will commence in 3Q25F and end in May 29F. The JV will receive an advance payment of RM74.5m, 15% of the PMC work.

Analyst(s):
CHONG Tjen-San, CFA
tjen-san.chong@cgsi.com

KUALA LUMPUR: HSS Engineers Bhd, in a joint venture (JV) with Consultant HSS LLC, has been hired for project management consultancy and supervision services for the Metro project in Baghdad.

KUALA LUMPUR: HSS Engineers Bhd, in a joint venture (JV) with Consultant HSS LLC, has been hired for project management consultancy and supervision services for the Metro project in Baghdad.

KUALA LUMPUR: HSS Engineers Bhd, in a joint venture (JV) with Consultant HSS LLC, has been hired for project management consultancy and supervision services for the Metro project in Baghdad.

KUALA LUMPUR: HSS Engineers Bhd's said its joint venture with Consultant HSS LLC has been hired for project management consultancy and supervision services for the Metro project in Baghdad.

OTHERSHSS ENGINEERS BERHAD ("HEB" OR "THE COMPANY")

ACCEPTANCE OF CONTRACT FOR PROJECT MANAGEMENT CONSULTANCY AND SUPERVISION SERVICES FOR THE RAILWAY / METRO PROJECT WITHIN THE CAPITAL CITY BAGHDAD

HSS Engineers Bhd’s associate SMHB Sdn Bhd has agreed to conduct engineering consultancy services for the phase one construction project of the Sungai Karangan water treatment plant in Kulim, Kedah, with an estimated service value of RM20.86mil.

HSS Engineers Bhd’s associate, SMHB Sdn Bhd, has agreed to conduct engineering consultancy services for the phase one construction project of the Sungai Karangan water treatment plant in Kulim, Kedah, with an estimated service value of RM20.86mil.

OTHERSHSS ENGINEERS BERHAD ("HEB" OR "THE COMPANY")

ACCEPTANCE OF LETTER OF ACCEPTANCE FOR PERKHIDMATAN PERUNDING KEJURUTERAAN UNTUK PROJEK PEMBINAAN LOJI RAWATAN AIR SUNGAI KARANGAN FASA 1 DI DAERAH KULIM, KEDAH DARUL AMAN

KUALA LUMPUR: Engineering and project management consultant HSS Engineers Bhd (HEB) is expanding internationally and aims to rake in 25 per cent of its turnover from overseas ventures by 2027.

General Meetings: Outcome of Meeting

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISINGHSS ENGINEERS BERHAD ("HEB" OR THE "COMPANY")

PRIVATE PLACEMENT OF UP TO 49,590,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING UP TO 10% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY ("PRIVATE PLACEMENT")

KUALA LUMPUR: HSS Engineers Bhd’s (HEB) wholly owned subsidiary HSS Engineers Sdn Bhd (HSSE) has secured a US$3.2mil (RM15mil) contract Cambodia’s Ministry of Public Works and Transport.

OTHERSHSS ENGINEERS BERHAD ("HEB" OR "THE COMPANY")

ACCEPTANCE OF CONTRACT FOR CONSULTANT'S SERVICES FOR THE ASSIGNMENT OF CONTRACT ENGINEER (OWNERS ENGINEER) FOR THE PHNOM PENH-BAVET EXPRESSWAY PROJECT WITH THE MINISTRY OF PUBLIC WORKS AND TRANSPORT, KINGDOM OF CAMBODIA

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISINGHSS ENGINEERS BERHAD ("HEB" OR "THE COMPANY")

PRIVATE PLACEMENT OF UP TO 49,590,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING UP TO 10% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY ("PRIVATE PLACEMENT")

$HSSEB / 0185 (HSS ENGINEERS BERHAD)
Research by CGS
Add (no change) – TP RM1.31

“MRT 3 PMC recognition ongoing"

■ 1Q24 results met expectations. Its project management consultancy (PMC) revenue was up 22% yoy despite the MRT 3 civil works award delays.
■ We believe earnings delivery in FY24F will hinge on its ability to clinch key contracts by 2H24F, given the lack of clarity on MRT 3 civil works awards.
■ Reiterate Add with an unchanged DCF-derived TP of RM1.31.

Analyst:
CHONG Tjen-San, CFA
tjen-san.chong@cgsi.com

HSS Engineers Bhd will continue to pursue the adoption of contemporary digital techniques to enhance its core expertise.

PETALING JAYA: HSS Engineers Bhd will continue to pursue the adoption of contemporary digital techniques to enhance its core expertise.

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

Annual Report & CG Report - 2023

CIRCULAR TO SHAREHOLDERS IN RELATION TO PROPOSED VARIATION FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING OF HSS ENGINEERS BERHAD ("HEB")

HSSEB - Notice of Book Closure

General Meetings: Notice of Meeting

Final Dividend

HSS Engineers Bhd has announced a final single-tier dividend of 1.21 sen per share in respect of the financial year ended Dec 31, 2023 (FY23), a significant increase from the previous year’s dividend of 0.92 sen per share.

KUALA LUMPUR: HSS Engineers Bhd has announced a final single-tier dividend of 1.21 sen per share in respect of the financial year ended Dec 31, 2023 (FY23), a significant increase from the previous year’s dividend of 0.92 sen per share.

OTHERSHSS ENGINEERS BERHAD ("HEB" OR "THE COMPANY") - PROPOSED FINAL DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2023