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Hiap Seng Engineering
25-05-2012, 10:22 AM. (This post was last modified: 25-05-2012, 10:32 AM by Stockerman.)
Post: #11
RE: Hiap Seng Engineering
Still no news of CPIB investigation?

Seems that the financial performance of company is going downhill year after year since FY2010...

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Hiap Seng Engineering on Thursday reported a loss of $2.23 million for the fourth quarter ended March 31, 2012, despite a 21.3 per cent increase in turnover to $39.34 million.

The group, which posted a profit of $0.71 million a year ago, explained that the loss is due to the increase in administration costs and the share of loss of associated companies, primarily due to the low level of operations in Thailand.

For the full year ended March 31, the group made a profit of $4.28 million, representing a 46.7 per cent decrease from a year ago.

Cumulative turnover fell 11.1 per cent to $167.5 million from a year ago, due to lower revenue recognition.

Consequently, earnings per share for the year fell to 1.41 cents from 2.64 cents a year ago.

A 0.5 cent per share final dividend has been recommended, with an interim dividend of one cent per share paid earlier in the year, the total dividends for FY2012 is 1.5 cents per share. A year ago, it paid a total of 2 cents per share in dividends, comprising of interim and final dividends of one cent per share each.

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14-09-2015, 08:00 PM.
Post: #12
RE: Hiap Seng Engineering
whatever happened with the cpib investigation?

stock price is near all time low
valued around 66% tbv
minimal debt = staying power
25% insider ownership
several new contract awarded this year

what's not to like?

regards
rijk

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23-03-2018, 08:11 PM.
Post: #13
RE: Hiap Seng Engineering
Hiap Seng Secures Two Contracts Totalling S$53 Million

1. Provision of engineering, procurement, construction and commissioning works for Sebarok Tank Expansion project awarded by Vopak
2. Clinched Mechanical & Piping contract from SRC 

More details in http://infopub.sgx.com/FileOpen/HSEL_Con...eID=493977
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

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14-08-2019, 07:28 PM.
Post: #14
RE: Hiap Seng Engineering
Proposed Renounceable Non-Underwritten Rights Issue of Up to 151,875,000 New Ordinary Shares of the Company

The Company is offering up to 151,875,000 new Shares (the "Rights Shares") at the issue price of S$0.05 per Rights Share ("Issue Price"), on the basis of one (1) Rights Share for every two (2) existing Shares held by the Shareholders as at the Books Closure Date.

More details in https://links.sgx.com/FileOpen/HSEL_RI_A...eID=574725
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

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27-11-2019, 09:52 PM.
Post: #15
RE: Hiap Seng Engineering
According to AR2016, 2017, HSE was net cash & trade rec > trade payables but borrowings seem to have spiked in recent years. In the world of investing, a company can turn from net cash to being geared in a short span.

Doesn't seem to be doing well recently but I guess the saving grace cld be its properties : "It noted that the group has not recorded in its financial statements unrealised surplus of about S$67 million on revaluation of its properties, based on valuations carried out as at March 31, 2019."

https://www.businesstimes.com.sg/compani...tructuring

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