Bursa Malaysia Stock Watch

Eversendai Corporation: Maintain Buy - Poised to play catch-up

kltrader
Publish date: Tue, 20 Mar 2012, 09:38 AM
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.
Construction laggard. Eversendai's share price has barely moved since its IPO in Jul 2011, while the local small- mid-cap construction stocks has run up 44% YTD. 2012 earnings are already in the bag, given its outstanding order book of RM1.9b. We believe a re-rating will materialise as company consistently secures new wins and delivers on earnings growth. Maintain Buy and TP of RM2.17 (12x CY12 PER).


Maybank Research 20 March 2012

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

Post a Comment