Hai Leck

[propertyinvestor]

Rotary is now above 50c. Hai Leck should be a minimum 37c!!

[merxantia]

Was searching through a list of stocks and this counter seems promising. Current half year earnings already exceeds last year's full year earnings. However seems like stock has no movement despite the market run up.

[Stockerman]

Hi Property Investor

Could you explain the basis for why Hai Leck should be a minimum of 37cents?

Tks.

Rotary is now above 50c. Hai Leck should be a minimum 37c!!

[Stocker]

3Q made 1.1 cents , first 9 months made 2.8 cts , very good result.

[propertyinvestor]

Hi Property Investor

Could you explain the basis for why Hai Leck should be a minimum of 37cents?

Tks.

Rotary is now above 50c. Hai Leck should be a minimum 37c!!

Assuming Rotary and Hai Leck trades at the same Forward PE

[kopihothot]

over $4m (~50%) of profits came from write-backs leh.

I thought they issued 25% warrants recently.........shouldn't they include the warrants when calculating diluted eps & nta? I thought the warrants are dilutive. Sorry if this is a stupid question.

[propertyinvestor]

over $4m (~50%) of profits came from write-backs leh.

I thought they issued 25% warrants recently.........shouldn't they include the warrants when calculating diluted eps & nta? I thought the warrants are dilutive. Sorry if this is a stupid question.

One doesnt include the warrants for diluted calculation unless it has been converted to shares.

The cost per warrant is 18c

Ok, so even if I strip out the other income, Hai leck still has made around 5million for this year.

[cfa]

Something must be brewing for this one.

[zf87]

http://info.sgx.com/webcorannc.nsf/Annou...endocument

The Board of Directors of Hai Leck Holdings Limited (the “Company”) is pleased to announce that its wholly owned subsidiary, Hai Leck Engineering and Construction Pte Ltd (“HLEC”), has been awarded a new Mechanical Maintenance Services Contract (the “Contract”) from CCD (Singapore) Pte. Ltd./Chang Chun (Singapore) Pte. Ltd. (“CCD/CC”) after HLEC had successfully completed the construction phase of its facilities in Jurong Island in the third quarter of the financial year ending 30 June 2013.

The Contract with CCD/CC will be commencing in the fourth quarter of the financial year ending 30 June 2013 and will contribute as a recurring income for the Group.

By securing the Contract, the Company has further emphasized its strong technical capabilities and commitments to provide reliable and quality service to its customers. The Group’s steady growth over the years has gained customers’ recognition in its integrated capabilities. The Company is delighted to be selected by CCD/CC as their preferred mechanical maintenance contractor in Singapore.

The Contract will require HLEC to maintain CCD/CC’s facilities in Jurong Island which includes its three production plants, namely, Allyl Alcohol Plant, Cumene Plant and Vinyl Acetate Monomer Plant; together with the tank farm and utilities area.

The Contract is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the financial year ending 30 June 2013.



By Order of the Board

Cheng Yao Tong
Chief Executive Officer

29 May 2013

[cfa]

Buying is keen, accumulation is still on going.