Bursa Malaysia Stock Watch

Eversendai ' Lands RM158m Saudi Job

kltrader
Publish date: Mon, 16 Apr 2012, 12:49 PM
kltrader
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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
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