SGX:J2TConstruction
Hock Lian Seng Holdings (SGX:J2T) Stock Hit By Sharp Earnings Reversal
Hock Lian Seng Holdings heads into this earnings season with the stock under pressure. The share price closed at SGD0.29 on 6 August, after declining 6.5% over the past week and 26.6% over three months. The headline from the latest results is not about revenue in its construction projects. It is the swing into loss, with trailing 12 month net income from continuing operations of SGD45.4 million in the red and basic earnings per share also in loss territory.
That clash between a still modestly...