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KLSE : SENDAI       EVERSENDAI CORPORATION BERHAD
Last Price Avg Target Price   Upside/Downside Price Call
0.80 0.76     -0.04 (5.00%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
17/03/2015 0.825 1.10 +0.275 (33.33%) BUY TA Price Target News
17/03/2015 0.825 0.78 -0.045 (5.45%) HOLD MIDF Price Target News
17/03/2015 0.825 0.87 +0.045 (5.45%) BUY MAYBANK Price Target News
17/03/2015 0.825 0.90 +0.075 (9.09%) BUY KENANGA Price Target News
17/03/2015 0.825 0.98 +0.155 (18.79%) BUY HLG Price Target News
10/03/2015 0.75 1.10 +0.35 (46.67%) BUY TA Price Target News
06/03/2015 0.705 0.78 +0.075 (10.64%) BUY MIDF Price Target News
06/03/2015 0.705 0.87 +0.165 (23.40%) BUY MAYBANK Price Target News
06/03/2015 0.705 0.81 +0.105 (14.89%) BUY KENANGA Price Target News
06/03/2015 0.705 0.83 +0.125 (17.73%) BUY HLG Price Target News
03/03/2015 0.73 1.10 +0.37 (50.68%) BUY TA Price Target News
03/03/2015 0.73 0.67 -0.06 (8.22%) HOLD RHB-OSK Price Target News
03/03/2015 0.73 0.78 +0.05 (6.85%) HOLD MIDF Price Target News
03/03/2015 0.73 0.80 +0.07 (9.59%) BUY MAYBANK Price Target News
03/03/2015 0.73 0.83 +0.10 (13.70%) BUY HLG Price Target News
27/02/2015 0.66 0.88 +0.22 (33.33%) BUY TA Price Target News
27/02/2015 0.66 0.80 +0.14 (21.21%) BUY MAYBANK Price Target News
27/02/2015 0.66 0.60 -0.06 (9.09%) SELL KENANGA Price Target News
27/02/2015 0.66 0.83 +0.17 (25.76%) BUY HLG Price Target News
10/02/2015 0.635 0.55 -0.085 (13.39%) SELL TA Price Target News
10/02/2015 0.635 0.63 -0.005 (0.79%) HOLD MIDF Price Target News
10/02/2015 0.635 0.54 -0.095 (14.96%) HOLD MAYBANK Price Target News
10/02/2015 0.635 0.60 -0.035 (5.51%) SELL KENANGA Price Target News
10/02/2015 0.635 0.57 -0.065 (10.24%) HOLD HLG Price Target News
27/01/2015 0.61 0.55 -0.06 (9.84%) SELL TA Price Target News
27/01/2015 0.61 0.58 -0.03 (4.92%) HOLD MIDF Price Target News
27/01/2015 0.61 0.54 -0.07 (11.48%) HOLD MAYBANK Price Target News
27/01/2015 0.61 0.60 -0.01 (1.64%) SELL KENANGA Price Target News
27/01/2015 0.61 0.57 -0.04 (6.56%) HOLD HLG Price Target News
27/01/2015 0.61 0.98 +0.37 (60.66%) BUY Affin Hwang Capital Price Target News
06/01/2015 0.555 0.58 +0.025 (4.50%) HOLD MIDF Price Target News
06/01/2015 0.555 0.54 -0.015 (2.70%) HOLD MAYBANK Price Target News
06/01/2015 0.555 0.57 +0.015 (2.70%) HOLD HLG Price Target News
06/01/2015 0.555 0.98 +0.425 (76.58%) BUY Affin Hwang Capital Price Target News
23/12/2014 0.51 0.54 +0.03 (5.88%) HOLD RHB-OSK Price Target News
01/12/2014 0.68 0.73 +0.05 (7.35%) HOLD RHB-OSK Price Target News
01/12/2014 0.68 0.58 -0.10 (14.71%) HOLD MIDF Price Target News
01/12/2014 0.68 0.67 -0.01 (1.47%) HOLD MAYBANK Price Target News
01/12/2014 0.68 0.60 -0.08 (11.76%) SELL KENANGA Price Target News
01/12/2014 0.68 0.72 +0.04 (5.88%) SELL HLG Price Target News
01/12/2014 0.68 0.93 +0.25 (36.76%) HOLD ALLIANCE Price Target News


Price Target Research Article/News (past 6 months)
17/03/2015  TA More Jobs Flowing In
17/03/2015  MIDF More contracts in the bag
17/03/2015  MAYBANK Eversendai Corp - Another sizeable MYR246m win
17/03/2015  KENANGA Eversendai Corporation - On a Roll
17/03/2015  HLG Eversendai - Adding on more
10/03/2015  TA Hopeful of Record Breaking Contract Wins in 2015
06/03/2015  MIDF Order book sets to swell to more than RM3.0b
06/03/2015  MAYBANK Eversendai - Refuelled for growth
06/03/2015  KENANGA Eversendai Corporation - A Refreshing Outlook
06/03/2015  HLG Eversendai - Towering job wins ahead
03/03/2015  TA Keep Winning New Jobs
03/03/2015  RHB-OSK Eversendai Corp - Ceasing Coverage
03/03/2015  MIDF RM269 2m Landmark contract in Qatar
03/03/2015  MAYBANK Eversendai Corp - Sizeable MYR269m win in Qatar
03/03/2015  HLG Eversendai - Surging job wins
27/02/2015  TA Earnings Rebounded in 4Q14
27/02/2015  MAYBANK Eversendai - Recovery in 2015?
27/02/2015  KENANGA Eversendai Corporation - Above Expectations
27/02/2015  HLG Eversendai - 4Q results: Turnaround sets in
10/02/2015  TA Third Contract Win Year-to-Date
10/02/2015  MIDF RM120m contract
10/02/2015  MAYBANK Eversendai - Wins MYR120m job in Malaysia
10/02/2015  KENANGA Eversendai Corporation - Secured RM120m Contract in Malaysia
10/02/2015  HLG Eversendai - Warehouse contract win
27/01/2015  TA Secured RM184mn works for DAIDEC in Mumbai, India
27/01/2015  MIDF RM184m orderbook boost
27/01/2015  MAYBANK Eversendai Corp - Wins MYR184m job in India
27/01/2015  KENANGA Eversendai Corporation - Lands RM184m new contract in India
27/01/2015  HLG Eversendai - More in its bag
27/01/2015  Affin Hwang Capital Eversendai: Awarded RM184m contract in India
06/01/2015  MIDF First win of the year
06/01/2015  MAYBANK Eversendai - Small MYR44m job in Dubai
06/01/2015  HLG Eversendai - New year, new contract
06/01/2015  Affin Hwang Capital Eversendai: Eversendai secures RM44m contract in Dubai
23/12/2014  RHB-OSK Eversendai Corp - Prospects Hurt By Middle East Exposure
01/12/2014  RHB-OSK Eversendai Corp - No Turnaround Yet In 3Q14
01/12/2014  MIDF Another sluggish earnings performance
01/12/2014  MAYBANK Eversendai - Awaiting signs of improvement
01/12/2014  KENANGA Eversendai Corporation - Below Expectations
01/12/2014  HLG Eversendai - Growing pains not going away
01/12/2014  ALLIANCE Another bad quarter (ceasing coverage)



  3 people like this.
 
iqie Just collect and wait at the end of next month. Q1 report will out, i think it will be the best Q result since 2013. Remember, AK said SENDAI will be high dividend stock !

==================================================================

Eversendai To Secure RM2b New Orders
P Prem KumarMonday, March 9, 2015

Structural steel and turnkey contractor Eversendai Corp Bhd plans to secure more than RM2 billion worth of new orders this year, thus breaking its previous record of RM1.6 billion set in 2010.

With RM618 million worth of jobs secured in the first two months of 2015, Eversendai executive chairman Tan Sri AK Nathan was upbeat on creating yet another record year, thanks to higher number of projects up for construction in the Middle East, India and Malaysia.

“The orders do not stop there. In fact, we are going to sign a few more projects in the coming weeks. I will not be surprised if we even hit more than RM2 billion,” he told The Malaysian Reserve in a recent interview.

Since January, Eversendai has secured four projects worth RM618 million, one each in Qatar, Malaysia, India and Dubai.

The projects were structural steel works for the Nas Indoor Futsal and Volleyball Arena in Dubai, Reliance Convention Centre in India, PKT Logistics’ fourth generation warehouse dubbed the 12 Waves, and the Al Wadha Arches and Visitors Centre in Qatar.

Looking at the whole construction industry, Nathan said many countries are now comfortable to launch their planned infrastructure projects as they progressively move out of the insecurity caused by the gloomy global economic uncertainty.

“Every region has its economic cycle and after the 2008 financial crisis, countries and large corporations have taken some time to turn around,” he said.

The Middle East remains Eversendai’s main source for new projects with Dubai, Saudi Arabia and Qatar expected to dish out mega-projects in the second-half of this year and 2016.

Among the main future projects are the Dubai Expo 2020 Centre, 11 stadiums in Saudi Arabia and Qatar's FIFA World Cup-related works.

Nathan said Eversendai is also confident of winning a few domestic contracts, particularly steelworks jobs for Warisan Merdeka Tower, the Refinery and Petrochemical Integrated Development or Rapid in Pengerang, Johor, and the proposed Tun Razak Financial Centre.

India also looks very promising for Eversendai, said Nathan, as the steel fabricator aims to build a good working relationship with Indian multi-industrial giant Reliance by completing the convention centre project on time. “India, under the new pro-business government, is also very appealing for companies like Eversendai as we are welcomed more to undertake jobs in the country.

“We have been in India in the past five years. We have the platform to take up more projects,” he said.

On another note, Nathan expressed surprise at the Employees Provident Fund’s (EPF) move to sell 1.84 million shares in Eversendai from Dec 24, 2014, to Jan 2, 2015. The disposal cut EPF’s shareholding to 56.85 million shares or 7.35% in Eversendai.

“It is up to them (EPF). Financial institutions have their own investment strategy and I have no say on it. As far as I know, EPF has high regards on the company and its future.

“Yes, they sold some shares which I was also surprised. But my concern is, why sell when Eversendai is going to do well? 2015 and 2016 are going to be great years for Eversendai,” Nathan said.

He also said Eversendai aims to pay dividend for the financial year ending 2015 while there are plans to pay higher dividend every year to benefit its retail and institutional investors.

“We want to be a very good dividend paying company,” he said. On its share price, Nathan said: “To be frank, I don’t bother looking at the share market. If you ask me what is the price today, I wouldn’t know, because the share price does not reflect the company’s real potential.

“I have decided to continue to secure more projects for the company and pay higher dividends every year. Eventually, the share price will have to move up as one cannot be holding at this price for a long time.”

Eversendai was listed on July 1, 2011, with a final institutional price of RM1.70 and a retail price of RM1.62. On listing day, Eversendai closed at RM1.72.

The share price reached its peak of RM1.80 on Aug 4, 2011, and has been on a downtrend since. In the last 52 weeks, Eversendai share price was hovering between 48.5 sen and RM1.14, while average price target by fund managers and analysts stood at 78 sen.

The share closed at 70 sen last Friday.

Nathan also said he will not reduce his 72% stake in Eversendai unless the share price hits “a respectable price”.

“I had planned to reduce my stake before this. But only the price is not right. If the price goes to a comfortable level, I will perhaps reduce my stake by another 20%,” he added.

http://themalaysianreserve.com/new/story/eversendai-secure-rm2b-new-orders
10/04/2015 05:54
MZRTrade eversendai=evergreen...
10/04/2015 18:31
A216092 MZRTrade: you seem very confidence in Sendai? I'm new in this counter.
11/04/2015 11:59
bombastic Sendai is good in long run, sustainable and growing company
11/04/2015 12:14
rizerlee sendai still need few more contract to proof their long term sustainability
14/04/2015 11:35
iqie Just wait until end of next month,, Q1 result out..boom !
14/04/2015 20:01
Pudica Iqie what's your TP when Q1 out by this month?
15/04/2015 11:35
iqie Not this month, next month, Q1 TP 0.90..Long term (this year or early next year) TP 1.20~1.50
15/04/2015 23:33
iqie oil price rebound...Eversendai should rebound too..hehe
17/04/2015 07:27
barcelona at least SENDAI stand firm at 0.80 now. Give her few more weeks to break 0.90
17/04/2015 11:19


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