{
  "id": 10585647,
  "title": "HSS latest job win backs 70 sen target: Apex Securities",
  "url": "https://urgent.news/2026/09/29/hss-latest-job-win-backs-70-sen-target-apex-securities",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T02:13:27.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1543540/hss-latest-job-win-backs-70-sen-target-apex-securities"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: HSS Engineers Bhd has secured a new contract with Sutracom Sdn Bhd for engineering consultancy and site supervision at Indah Water Konsortium Sdn Bhd's sewage treatment plant in Negri Sembilan, which is expected to generate RM3.83 million in gross profit. The RM10.95 million contract, spanning 42 months, adds to HSS's order book and strengthens its position in the domestic water and wastewater sector, according to Apex Securities. Although small on a group level, the contract provides additional earnings visibility due to its lengthy duration. Assuming a 35% gross profit margin, the contract could contribute around RM3.83 million in gross profit over its lifespan. With a track record of successfully executing similar projects, HSS believes the execution risk on this award is manageable. The contract includes civil and structural, as well as mechanical and electrical engineering consultancy services, along with full-time construction site supervision during the construction period. The contract began on September 28, 2026, elevating the group's order book to RM2.18 billion, which represents a 9.9 times coverage of its FY25 revenue. Alongside a tender book worth RM500 million, Apex Securities remains optimistic about Malaysia's infrastructure boom, driven by the 2026 Budget's RM81 billion development allocation and a wider RM131.3 billion pipeline in transportation, water, rail, and renewable energy sectors. The upcoming 2027 Budget could also provide a boost to HSS's order book momentum, as further infrastructure and development allocations are expected. Apex Securities maintains a Buy rating on the stock, retaining its target price of 70 sen.",
  "summary": "KUALA LUMPUR: HSS Engineers Bhd’s latest contract win from Sutracom Sdn Bhd for engineering consultancy and site supervision at Indah Water Konsortium Sdn Bhd’s (IWK) sewage treatment plant in Negri Sembilan is likely to contribute RM3.83 million in gross profit.",
  "key_points": [
    "HSS Engineers secures RM10.95M contract with Sutracom for sewage plant project",
    "Contract spans 42 months, generating potential RM3.83M gross profit",
    "Apex Securities maintains Buy rating with 70 sen target price"
  ],
  "editors_take": "This contract win reinforces HSS Engineers' position in the domestic water and wastewater sector, adding earnings visibility and bolstering its order book to support Apex Securities' 70 sen target price.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}