Eversendai Corp announced it has secured a RM44 million contract to help build the Nas Indoor Futsal and Volleyball Arena (Nas Arena) in Dubai, the United Arab Emirates. (Source: Bursa Malaysia)

Comment:  The  value  of  the  contract  is  small  but  with  Eversendai's  track record In the Middle East, it is well positioned to secure more contracts as construction for key events, including the Dubai World Expo 2020.

We maintain our BUY rating on Eversendai with an unchanged TP of RM 0.98

Source: Affin Hwang Capital Research - 6 Jan 2015