KL Trader Investment Research Articles
Eversendai - Oil & Gas M&A In The Pipeline (Outperform)
Briefing Note
- Eversendai maintained its guidance of a good job flow over the immediate term with potential new jobs coming from Abu Dhabi, Malaysia and Commonwealth of Independent States (CIS) in 2HFY12/12 worth RM300m to RM1bn.
- Eversendai is in negotiation to acquire a smallish topside fabricator (valued at RM50-100m) to help expanding its core competence into the oil & gas sector.
- Eversendai reiterated its goal to double its turnover to RM2bn over the next five years, backed by sustained organic growth coupled with potential M&A.
- Fair value is RM2.14. Maintain Outperform.
Source: RHB Research - 13 Sept 2012
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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EVERSENDAI TP 2.14. GO FOR IT.
2012-09-13 13:20