Eversendai ' Lands RM158m Saudi Job Outperform
News Update
- Eversendai has been awarded by Saudi Binladin Group structural steel works worth RM158m for the railway station of the King Abdul-Aziz International Airport project in Jeddah , Saudi Arabia .
- Forecasts are maintained as we have already assumed in our forecasts Eversendai to secure RM1.5bn worth of new jobs in FY12/12. Maintain Outperform. Fair value is RM2.15.
Source: RHB Research - 16 April 2012