Bursa Malaysia Stock Watch

Eversendai Corporation: Buy

kltrader
Publish date: Tue, 22 Nov 2011, 02:57 PM
kltrader
0 20,464
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Bags RM132m Manjung mechanical job  Shariah-compliant
 
Within expectations. Eversendai has clinched the mechanical erection work for the Manjung power plant, worth RM132m. The company has consistently secured new jobs since its listing and is on track to meet our job wins expectation of RM1.2b for 2011 (YTD wins: RM973m). We continue to like Eversendai for its bright job-flow prospects, coming from key pump-priming markets, where projects are of populist demand-driven and have lower timing risk. The stock trades at a low 9x 2012 PER. Maintain Buy and TP of RM2.17 (12x 2012 PER).


Maybank research (22 November 2011)

Click here for full report ''
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment