AK ada kata nak masuk pasaran singapura.

Mungkin projek dibawah ini kot.

www.straitstimes.com/singapore/samsung-ct-awarded-state-courts-contract

Samsung C&T Corporation has been awarded a $450 million contract to build the new State Courts complex.

Construction is expected to conclude in 2019, and the complex is slated to be operational from 2020, the State Courts said yesterday.

The complex will be made up of two interconnected towers, each about 178m high and linked by a series of sky bridges. They will rise in front of the existing octagonal-shaped State Courts building, which is more than 40 years old.

Pelaburan dalam Technic,RM 131 Juta sahaja. Tak sampai 1% dari aset. Q1 Dah write off RM62 juta. Ada lagi RM69 juta. Q2 akan datang ini mungkin akan write off semua. Jadi atas kertas akan nampak rugi teruk. (Hakikatnya untung). Tahun ini terbaik untuk collect. Tahun depan bila buat analisis Q, angka perbandingan akan disebut kenaikan beribu peratus sebab banding Q-Q tahun ini dan tahun depan.

Jika AK dapat kontrak 2 billion tahun ini, prospek lagi cerah, tahun depan dijangka Revenue lebih RM2 billion. Jika dapat tingkatkn profit margin pada 5% pun sudah cukup, untung RM100 juta.

Come on..HLG improve TP..be rational.

Middle east untung naik.. India pun untung, malaysia pun sama.. Petanda baik untuk masa depan.. Fair value loss ini rugi atas kertas selagi sendai tak lupus pegangan dalam technic, dan aku rasa AK takkan lupus, malah akan tambah pegangan dan pulihkan semula syarikat ini.

2017, bila semua fairvalue loss sudah diambil kira, dan orderbook dijangka RM2B. Tentu Q report akan cantik dan terbaik. Tahun ini sesuai untuk collect pada harga rendah.

Rugi atas kertas, kalau tidak termasuk fair value loss, untung RM24 juta. Tapi memang merosot dari Q1 2015, untung RM35juta.

Alamak, eversendai masih belum dapat masuk semula Shariah compliance, kira AK tak kotakan apa yamg dia janji dulu, takpe, bagi satu kali lagi peluang sampai november ini.

Technic ini pengursan dulu bermasalah, Ak ambil alih baru pecah tembelang, share turun sebab Q report lapor rugi dan aku rasa ceo dulu dah jual semua saham dia.. Aku yakin AK mesti kutip pada harga rendah ini. Dan tambah pegangan. Bagi masa setahun dua. Bila dah ok, nnti akan bagi manfaat pada sendai.

Q1 report minta2 tak teruk sangat, sebab akan terkesan dgn impairment loss akibat share technic o&g. Apa pun prospek yg cerah kehadapan.

Wow.. Rm700 mil..dijangka rm500 juta je.. Tahniah..

Ada sesiapa pergi AGM hari ini ? Ada good news dari AK tak ?

Cepat pula keluar annual report, selalu bulan 5, ini akhir bulan 4 dah keluar, general meeting pun buat awal ada bulan mei, selalu buat bulan jun, bayar dividen sama, cuma cepat 10 hari dari tahun lepas. Minta2 Q1 ni umum dividen lagi, tahun lepas punya dividen sikt sangat..

Retail Share float sikit. Sekitar 10% je. Semua pakat hold. Memang low volume. Tunggu je news dapat project atau prestasi Q yang memberansangkan, cepat je naik nanti..

S-con belum ada project, tiada kesan pada Q1. Mungkin dalam Q2 atau Q3 baru ada, mungkin dalam kontrak bernilai RM500juta tu ada projek dari thailand, AK kata dia masuk thailand pun sebab ada orang jemput masuk tender dan nak eversendai dapat projek. Tengok jelah bulan depan.

Maybe not so good result on paper, impairment loss will be account in Q1. Apa pun broker house sudah ambil kira dalam Target price sebelum ini, cuma harap margin untung meningkat.

Q1 report End of may...

AK Nathan punya style, dah nak dekat Q report baru dia umumkan, jadi mungkin bulan depan sebelum Q1 report keluar.

KWSP dah start jual sikit. macam tahun lepas, jual sikit kemudian beli balik untuk push harga sampai RM1.05.. Tahun ini harap-harap dapat push tinggi sikit..sentimen harga minyak pun agak baik.

Peluang buat eversendai. Pencakar langit terbaru di dubai.

www.theguardian.com/world/2016/apr/10/dubai-plans-skyscraper-taller-than-burj-khalifa

Dubai is reaching for the sky once again, with the developer of the world’s tallest building vowing to build an even taller tower bedecked with rotating balconies and elevated landscaping inspired by the mythical hanging gardens of Babylon.

Mohamed Alabbar, chairman of the company behind the project, Dubai-based Emaar Properties, said the viewing tower would cost about $1bn.

He said the final height would be announced upon completion, adding that his company would like to present the tower as a “gift to the city before 2020,” the year Dubai hosts the Expo trade fair.

Designed by the Spanish-Swiss architect Santiago Calatrava Valls, the tower will have observation decks and 18 to 20 mixed-use floors that will host restaurants and a boutique hotel, Alabbar said.

Burj Khalifa, which opened in January 2010, is 828 metres (2,700ft) and cost $1.5bn.

Alabbar described the new structure as an “elegant monument” that would add value to property being developed by the company along the city’s creek.

“Many would like to have a view” when considering buying a property, he said.

The tower will be slender, evoking the image of a minaret, and will be anchored to the ground with sturdy cables, Emaar said.

Dubai has established a reputation for building dozens of futuristic skyscrapers, which have transformed its skyline.

Saudi Arabia’s Kingdom Holding is building a tower in Jeddah that is projected to surpass Burj Khalifa, rising more than 1km into the sky.

Bulan june nanti pelabur akaun syariah dan pelabur dana syariah sudah boleh beli semula saham ini. AK kata lepas ini kaunter ini akan kembali patuh syariah. Masa itu jika.harga minyak sekitar 50usd, sukar dah nak dapat harga 0.70.

Seperti dijangka, Ak mesti ambil kesempatan kejatuhan harga saham technic, dapat kuasai 29%, cukup untuk singkirkan EC/MD sedia ada, dan lantik diri beliau sebagai Excutive Chairman dan Managing Director yang baru. Beliau bawa masuk anak dia narish sebab non exec bod sekali.

Hebat...

Selamat dia respon cepat..

Nampaknya sendai tetap akan bid projek world cup yang lain. Harap2 cepat clear case ni..

Tapi tak boleh bergantung sangat pada pak arab lagi, baik fokus south east asia, buat power plant.

Mana gaji tak bayar lambat,main contractor pun bayar lambat..

Selamat eversendai dah explore south east asia...kurang sikit bergantung pada pak arab.

Bad news, eversendai kena ban dari dapat project dari Qatar stadium. Kes pekerja asing.

Harap AK nathan selesaikan cepat.

Rm2billion contract on the way this year..

Orderbook untuk sendai seperti dalam pebentangan tadi:

2016 : RM1.3 bilion.
2017 : RM400 juta.
2018 : RM40juta.

Jika tahun ini dapat tambahan RM300juta ke RM500juta sudah cukup baik

0.5 sen dividend ? What a joke !

Last year (2014) untung lagi rendah dapat bagi 1.25sen. Tahun ini (2015) untung tinggi tapi bagi 0.5 sen je ?

Fight dlm agm mcm ni.

Base on AK Nathan comment.

1. Profit margin will improve.
2. SENDAI will be Dividend play stock.

Apapun, tunggu hujung minggu ini, kita lihat bagaimana prestasi Q4 sendai dan berapa dividend yang dicadangkan.

Nice...hope can close 0.75 today.

Sendai price should be around RM1.30 - RM1.50 by june 06.

Insider dah mula beli ke ? Hope it will be great Q4 result and handsome dividend as promise.

It doesnt effect Q4 2015 report.

Maybe will effect Q1 2016. But surely AK will do something. Maybe it's time for AK to take over 100% of technics. Cheap price !

If all with invitation, then there should be new contract award from thailand and indonesia soon.
And,
If sendai announce 3% dividend (DY 4.4%) end of this month, how far will the price go ?

Hopefully, Sendai will be benefit from this project.
Vietnam, Malaysia and Singapore.

Energy sector investments seen to top Vietnam’s FDI list at $4.5b in 2016 (Samsung C&T main Investor)

http://www.dealstreetasia.com/stories/vietnams-energy-sector-projected-to-absorb-4-5b-fdi-28818/

1.2 Bil GDV in UMcity Office at Iskandar = Samsung C&T (main contractor)

http://www.thestar.com.my/metro/smebiz/news/2016/01/30/striving-for-greater-success-developer-bags-international-recognition-for-its-innovative-architectur/

"Samsung C&T Corporation $SGD 555 million to construct the Marine Parade station and its associated tunnels in Singapore"

http://www.straitstimes.com/singapore/transport/948m-worth-of-mrt-deals-awarded

I think, The dividend will be at lease 1.5 cents. with current price, DY will be 2.2%.

oklah. hope for better contract award ahead and improve profit margin.

Total Retain Earning = RM333 million.

Total Div payout for past 4 years only RM56mil. ~ only 18% from total profit. 82% reinvest.

Hope they will change policy. At lease 30% payout.

They should give more dividend to make investor happy.

Q4 revenue will be RM462 Mil (based on group presentation)
Let say profit margin still low (same for the past Q) at 3.7%.

Q4 profit {forecast} = RM462mil x 3.7% = RM17 mil.

Q1 to Q3 profit = RM48mil.

So, 2015 profit will be = RM48mil + RM17mil = RM65mil.

If 30% payout.

Rm65mil x 30% = RM19.5 mil. (total amount of dividend paid)

RM19.5 mil divided by total shareholding 774mil. unit = 2.5% (dividend) (DY 3.6% @ 0.68)
Sendai still can reinvest RM45mil. (more than profit last year !)

Last year Payout Ratio 25%.

If still same for this year, Dividend will be 2% (DY2.9 @0.68)

if 18% ( average )

RM65mil x 18% = RM11.7mil

RM11.7mil / 774mil unit = 1.5% (dividend) (DY 2.2% @ 0.68)

Macam mana the edge bole forecast revenue 1.5 billion ? Tak baca company presentation ke ? Net profit rm45mil for 2015 ? Come on..profit Q1- Q3 pun dah rm48million..something fishy..

I think sendai will sideaway until next Quater result. Unless there is new contract announcement award or any fund manager do "windows dressing" like before. Hehe

Read Q3 presentation.

Q4 Revenue will be around RM460milion.

AK said after this we will see better margin and number.

Arab saudi, Qatar, UAE will continue big spending on construction to encourage more business and tourist, they dont want to rely on oil only. They have to invest.

Sendai will penetrate asian market, which is good.

Growth.. Growth.. Hopefully, after may next year, sendai will shining again. (AK said it will list as syariah compliance again)

Boleh baca Q3 presentation di website eversendai.

Q4 revenue will be around RM460 million.

Jadi boleh buat jangkaan, profit seperti berikut :
Revenue
Q1-Q3 : 1.3 billion
Q4 : 0.46 billion

Total revenue 2015 : RM1.76 billion
let say Profit margin after tax : 3.5%( currently 3.7%)

Rm1.76 billion x 3.5% = RM 61 million.

Orderbook 2016 : RM1 billion
Prderbook 2017 :RM 200 million.

SENDAI nak masuk indonesia.. Terbaik.. Growth.. Growth..

Eversendai Targeting Indonesian Assets
P Prem KumarTuesday, December 8, 2015

Nathan says Thailand and Indonesia have lined up plans to build power plants in the next few years, opening up opportunities for Eversendai. (Pic by Ismail Che Rus/TMR)

Eversendai Corp Bhd, which recently proposed to acquire a power plant contractor in Thailand, has set its sights on acquiring assets in Indonesia. Executive chairman and group MD Tan Sri AK Nathan said the firm is seeking companies in Indonesia that can complement its steel fabrication and power plant businesses. “We expect Indonesia to host some big infrastructure projects as well as construction of power plants. Thus, it would be viable for us to find a partner there. “This is in line with our expansion plans in the South-East Asian and Middle East markets,” he told The Malaysian Reserve recently. Last week, Eversendai announced it is acquiring a 70% stake in S-Con Engineering Co Ltd — a steel fabricator and plant contractor — for RM3.5 million.

The acquisition would enable Eversendai to bid for projects involving steel, composite structures, power and petrochemical plants, and infrastructure in Thailand and neighbouring countries.

Eversendai can also capitalise on S-Con Engineering’s track record to grow and strengthen its present relationship with its international clients. Nathan said Thailand and Indonesia have lined up plans to build power plants in the next few years, opening up opportunities for Eversendai.

“We are not only focusing on plant construction but expanding our core business in structural steel fabrication in both countries,” he said. Nathan said Eversendai is on track to achieve its RM2 billion turnover target by 2017.

“At the end of this year, the company’s revenue would surpass the RM1.5 billion mark,” he said.

Nathan, also Eversendai founder and major shareholder, said improving profit margins will be the company’s main focus to match the substantial earnings growth.

“Margins are not compressed because businesses are good but we had some costs for the past three years which reflected in a huge gap between revenue and profit.

“While the revenue growth has been well planned and on track, now I am focusing on profit growth. From next year, you can see better numbers,” he said.

Nathan expects that 2016 would be a better year as many projects are expected to be dished out in its key markets such as the Middle East, India and Malaysia.

The company is optimistic on securing some of the jobs based on its expertise and track record.

Eversendai posted a fourfold increase in net profit to RM14.58 million for the third-quarter ended Sept 30, 2015, compared to RM2.1 million posted a year ago, driven by higher margins from its present projects.

Revenue also improved to RM471.5 million from RM241 million a year ago.

It was driven by its Middle East operations, which accounted for 70% of its total revenue, the steel power plant projects in Malaysia contributing 20.8% while the construction industry in India added another 9.2%.

As at September 2015, the group had secured approximately RM1.4 billion in new contracts and its orderbook stood at RM1.8 billion.

The company has over 20 ongoing projects. The S-Con Engineering purchase proposal however did not excite the market, as Eversendai’s share price dwindled to close at 84 sen last Tuesday (the day the venture was announced), 2.5 sen lower than the previous close at 86.5 sen. Some 3.74 million shares exchanged hands last Tuesday.

Asked on the company’s stock performance, Nathan said: “I seriously cannot understand the market. Now I don’t even bother to look at it because it does not reflect the company’s fundamentals.

“I would rather concentrate on my core businesses and prove via numbers. Of course share price is very crucial for a company because I want to give good returns.

“Furthermore, I am the major shareholder, so it is more frustrating. But what I know is the market is very volatile and is beyond my intelligence.”

Eversendai was listed on July 1, 2011, with a final institutional price of RM1.70 and retail price of RM1.62. On listing day, Eversendai closed at RM1.72.

The share price reached its peak of RM1.80 on Aug 4, 2011, and has been on a downtrend since then. In the last 52 weeks, Eversendai’s share price was hovering between 49.5 sen and RM1.03, while the average price target by fund managers and analysts stood between 83 sen and RM1.18.

Share

Bukan bisnes baru, tapi pasaran baru. Peluang baru, Sendai bukan jlbuat bisnes baru jual ayam.

Sendai dah masuk Thailand.. Tahniah.. Hold tight.

Yeah, accumulate time.. Now, i'm waitting Q report presentation, usually one week after Q result out. It will show the portion of contract in 2015 to 2017.

Not so good analysis from broker house, never mine sendai.. Keep making good work and profit after this.

Bull run... Great Q report.. And good news is next review sendai will be shariah complied back.. Hold till RM 2 next year.

Eversendai has also addressed its exclusion from the list of Shariah-compliant
securities released by the Securities Commission Malaysia (SC) on 27 November
2015. The contribution of Shariah non-compliant activities to the Group’s profit
before tax had exceeded the required 5% threshold based on its audited results as
at 31 December 2014. However, based on the unaudited results as at 30 June
2015, Eversendai has already complied with the said 5% threshold and targets to be
reclassified as a Shariah-Compliant counter in SC’s next review. The Group would
like to reassure its shareholders and stakeholders that it will continuously revisit the
requirements and place relevant controls to meet the compliance requirements

Hari ini masih november. Chill..

Boleh semak senarai kaunter patuh syariah di sini : http://www.sc.com.my/wp-content/uploads/eng/html/icm/sas/sc_syariahcompliant_151127.pdf

Ya, ada pro and kontra, knm ifcamsc pernah tak syariah,dan kembali patuh syariah.

Tak perlu risau sangat, tak banyak dana yang beli sendai, TH je kalau ada pun, TH pun rasanya beli pada harga ipo, sekitar RM1.60-RM1.70. Jadi mereka takkan jual selagi mana harga kos mereka tidak dicapai.

Harga mungkin jatuh sedikit, untuk clearkan pelabur runcit muslim yang mungkin beli pada harga rendah sebelum ini.

Setuju dengan value, prestasi syarikat diukur dengan performance syarikat. Patuh atau tidak syraiah hanya faktor luar yang akan diserap dari masa kesemasa.

Kaunter ini dah tak syariah, pelabur muslim mungkin akan jual jika harga dibeli melebihi harga kos.

Siapa yang masih sangkut harga tinggi, boleh hold.

Mudah-mudahan sendai kembali syariah pada masa akan datang. SC review 2 tahun sekali. Akhir bulan may dan november.

Tunggu bulan may depan semua ! Bye.

Sendai terkeluar dari senarai kaunter syariah. Harap dapat berubah pada akan datang.

Harap2 AK bagi dividen. Hehe

Seminggu je tinggal, dah start naik, terbaik sendai, seperti dijangka, sebelum Q report mesti umum projek. Hehe. Hope for better Q 3 result guys ! TP 1.50.

Oh ya, PNB dah umum Samsung C&T dan UEM dpt kontrak buat menara KL118. Ikut rekod sebelum ini, ada beberapa projek besar di luar negara yang samsung c&t dapat, disubkan kepada Eversendai, jadi potensi besar buat sendai. ^_^

Sendai declare it's order book run rate..so that it make investor more confident to make decision...

As Q2, orderbook runrate for 2H 2015 is worth RM814mil (usd stronger, so maybe value increase), no new contract announce in Q3. So 1H revenue RM828mil + 2H revenue RM814mil = RM 1.642 bil.

Let say 4%PATAMI : RM1.642bil x 4% = RM65mil profit this year.
If 3.5% PATAMI : RM1.642bil x 3.5% = RM57mil profit.

Almost double from last year Profit.

Orderbook run rate for 2016 is RM819mil. It will increase if sendai win KL188 subcon, Rapid, MRT, and other project in Middle east (qatar new stadium).

Sendai retails share just 9.4% ! That why its easy to bounce back.
Remember, Sendai average price before was 1.60 to 1.70.. it's the matter of time for the price to bounce back..hopefully sendai can perform and show good Q report and make handsome profit.