HOHUP (5169) - Stocks With Momentum: HO HUP
April 9, 2015 : 11:09 AM MYT
HO HUP Construction Company Bhd (+ve)
HO HUP’S (Fundamental: 1.7/3, Valuation: 1.5/3) core businesses are property development, construction and civil engineering works as well as the manufacture of ready mix concrete. Notable projects under its belt include the National Sports Complex and stretches of the North-South Expressway Central Link and KLIA Expressway.
The company returned to profitability in 2013, after being in the red from 2010–2012. It completed a regularisation exercise and was uplifted from being classified as a PN17 company last May.
Revenue totalled RM341 million in 2014, a 128.3% increase from the previous year. Meanwhile, net profit almost tripled to RM67.5 million, thanks to higher property development income and progress on construction works for Aurora Place in Bukit Jalil.
Of note, one of its substantial shareholders, Insas Berhad , has been increasing its stake — to 13.53% as at April 3. Both companies have a common director in Dato’ Sri Thong Kok Khee.
http://www.theedgemarkets.com
April 9, 2015 : 11:09 AM MYT
HO HUP Construction Company Bhd (+ve)
HO HUP’S (Fundamental: 1.7/3, Valuation: 1.5/3) core businesses are property development, construction and civil engineering works as well as the manufacture of ready mix concrete. Notable projects under its belt include the National Sports Complex and stretches of the North-South Expressway Central Link and KLIA Expressway.
The company returned to profitability in 2013, after being in the red from 2010–2012. It completed a regularisation exercise and was uplifted from being classified as a PN17 company last May.
Revenue totalled RM341 million in 2014, a 128.3% increase from the previous year. Meanwhile, net profit almost tripled to RM67.5 million, thanks to higher property development income and progress on construction works for Aurora Place in Bukit Jalil.
Of note, one of its substantial shareholders, Insas Berhad , has been increasing its stake — to 13.53% as at April 3. Both companies have a common director in Dato’ Sri Thong Kok Khee.
http://www.theedgemarkets.com
