Bought 10000 shares of HLS

 Just bought 10000 shares of hock Lian seng at 0.27. Spending the last $2700 of the $3800 of cash from selling kf KOUFU. 

Hock Lian seng including the latest contracts won had around 100 million of backlog. Taking a conservative margin of 8% that will be a 80 million profit over the next few years. 

Last 2021 1H earn around net profit of 8 million eps of 0.016

At 2017fy net profit is 17 million trading at around 33 cents, with 2021 estimated net profit of 16 million should be trading at more than 30 cents.

Expected to get at least 0.018 cents of dividends which will be around 6.66% yield for my cost.

Currently with 50 plus million cash on hand that’s around 14 cents of cash per share. Basically paying 10 plus cents for the engineering and property business.

If based on my estimated eps of 0.032 for 2021 I am basically paying less than 10 PE. 

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