Healthy volume..all sign bullish... mood raya..hehe..

Patutlah semalam volume tinggi, insider beli, UOB keluar new TP RM1.19. HLB kekal TP RM1.55.

Hari ini maybe correction..all the best sendai..tak sabar tunggu Q2 result..

Haha..Oklah, hari ni dah test RM1.01..kira ok..next month Q2 report keluar..hope will announce interm dividend.

6 million volume.. back to 0.97..but it reflect great potential to go foward...

5juta volume, 2 jam..wow..semakin panas..belum panas betul2 ni..

Nice....boom..boom..

Baru setengah jam volume dah mantap. Ada peluang pecah rm1 hari ni...come on..rm 1.50 coming next month..

Ada big block at 0.96. Mahu sapu 0.955 habis2 la tu, taktik ini familiar. Hehe..

Insider beli ke ni ? Volume mantap, Mesti dah tahu Q2 report..harap2 mantaplah..hehe

Sure can..1.50-1.60 will be back..

Belum panas.. tak ramai aim stock ni lagi..hehe

Oversold, will rebound.. KL118.. Coming,,,

Flush all contra first..

Ex dividend + EPF buy More + KL118 onthe way + oil rebound + DJIA green + Stronger USD - Najib
Hahaha

Evergreen dan mencanak naik....eversendai bila lagi? Dua-dua kaunter, usd benefit. Come on

http://www.bloombergtv.my/strong-us-boon-eversendais-earnings/

Structural steel engineering and construction specialist Eversendai Corporation Bhd stands to benefit from the strengthening of the US dollar vis-à-vis the (weakening of the ringgit) given 76% of its RM2 billion order book is located in the Middle East, according to Hong Leong Investment Bank (HLIB) Research.

The research house observed that Eversendai’s Middle Eastern jobs are all denominated in their respective local currencies (e.g. Qatari Riyal, Saudi Riyal and UAE Dirham) which in turn are pegged to the US dollar.

“On the cost side, it is also incurred in the local currency, subjecting the final net profit number to the full benefit of the US dollar’s appreciation against the ringgit,” wrote analyst Jeremy Goh in a company update. “The accounting treatment of any currency gains (or loss) is translated directly into revenue and cost, and hence, net profit.”

Last week, the ringgit hit a new low with the US$-ringgit exchange rate touching RM3.77/US$. At the time of writing, the ringgit is hovering at RM3.75/US$.

According to Goh, the Middle East contributed 61%-97% of Eversendai’s revenue. From a Pre-tax profit perspective, the Middle East contributed 62% in FY2014 and 95% in FY2013 (in view of losses from other regions). For the recent 1Q FY2015 results, the Middle East made up 69% of Pre-tax profit.

“Based on our economist’s average ringgit assumption of RM3.7/US$ for FY2015 (FY2014 average: RM3.27/US$), the stronger dollar alone would boost Middle East earnings by 13%,” projected Goh. “As a simple back of the envelop calculation, assuming the Middle East contributes 76% to earnings, in proportion to its order book breakdown, the stronger US dollar would boost overall earnings by at least 10%.”

Owing to its strong job wins in FY2014 and year-to-date, Eversendai’s order book has soared to a record RM2 billion (as of 1Q FY2015), even surpassing its previous high of RM1.9 billion in 1Q FY2012.

“In terms of potential job wins, the management guides that this will mostly come from its ‘bread and butter’ contracts in the Middle East involving high-rise buildings and infrastructure,” Goh pointed out. Some of the major jobs secured this year from the region include (i) the Al Whada Arches and Visitor’s Centre for the iconic Lusail Expressway in Qatar (RM269 million) and (ii) depots for the Riyadh Metro in Saudi Arabia (RM203 million).

“Eversendai is looking to secure more packages from these projects,” noted Goh. “We understand that Eversendai could potentially bring its new job wins to RM1.1 billion within the next month, implying that another RM236 million worth of contracts could be forthcoming very soon.”

Back home, Eversendai is looking to expand contributions from its oil & gas (O&G) segment via participating in jobs at the Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang. On this note, Eversendai has been bidding for structural steel and mechanical works from the main EPCC (engineering, procurement, construction and commissioning) contractors.

Thus far, five main refinery packages have been dished out at RAPID totaling US$6.9 billion (RM25.6 billion based on RM/US$ of 3.70). “Assuming a conservative 10% of project value constitutes structural steel, this presents Eversendai with RM2.6 billion worth of potential works up for grabs,” projected Goh.

Elsewhere, Eversendai stands to be the prime beneficiary of the KL118 Tower (formerly Warisan Merdeka) project given its structural steel track record for some of the world’s tallest sky scrapers in the Middle East and Malaysia. The structural steel works value for KL118 is estimated at RM350 million.

As a whole, HLIB Research maintained its BUY rating on Eversendai while raising the company’s sum-of-parts (SOP)-based target price to RM1.55 (from RM1.06 previously) which implies FY2015 price-to-earnings ratio (P/E) of 18.9x.

Very exciting month ahead, with more than 70% contract in USD, 20% increase in usd will reflect at lease 14% jumps in profit from FX only.

Come on sendai.

Hari ini mungkin semua kaunter terkesan kes najib dan greece, nampaknya peluang sendai ke TP seterusnya mungkin tergendala seketika.

Apa pun Sendai masih dapat manfaat dari pengukuhan usd dan majoriti projeknya di timur tengah dan asia, tiada projek di eropah dan US. Mungkin kesannya minimum.

Hujung bulan ini dividen dapat, bulan hadapan Q2 keluar, kesan pengukuhan USD akan dapat dirasai. Mungkin harga saham Sendai boleh kembali melonjak bulan hadapan dengan harapan diberikan interm dividen dan peningkatan keuntungan.

Yeah, it's in August, hopefully AK will anonnouce interm dividend in Q2. Remember, AK say he want to make SENDAI dividend play company.

Today obviously will be T3, but if sendai can push the momentum to break psychology price at RM1, it will be great. Once break RM1, RM1.50 and RM 2 is easy..mitra wannabe.

I dont make buy call, it all fundamental basis. All depend on your trading style. As long you make profit, it's good enough.

Tunggu pukul 4.

Hari ini agak2 boleh pecah RM 1 tak ?

Share Float very small, that why this stock easy to go down, and easy to fly back.

Turun sebab sentimen pasaran, dan clearkan contra player. dengan tambahan kontrak sebanyak rm250 juta, menjadikan jumlah kontrak berjaya diperoleh memcecah 1 billion. Setengah tahun kedua, perlu tumpu lagi RM 700 juta kontrak, jika berjaya mencapai sasaran. Tidak mustahil harga saham boleh mencapai RM 2.00. Hujung tahun ini, semoga profit margin semakin baik.

Will Eversendai be lilke VS in near term ? Waiting a Very exiting Q2 result..usd stronger, more job in pipeline..

Sabar pun kena tgk fundamental. Setakat ini percaya lagi sendai boleh pergi jauh..tak nak mcm evergrn, nak mcm mitra.. haha..

Profit taking...contra player sell.. next week hopefully can reach TP 3 :RM1.00. Next week AGM. Sure can..

JUN 2015 :

HLG TP : RM1.55

MEI 2015 :

MIDF TP : RM 1.28
TA TP : RM 1.10
MAYBANK TP : RM 0.87
HLG TP : RM 1.06

HLG upgrade TP, MIDF,TA, MAYBANK still not review TP, maybe after AGM. ^_^

Mid and long term bullish.. kalau tiada holding power, jual je.

Trend bullish, hari ini berehat kejap atau terus mencanak ke TP 3 ?

Hit TP 2 : 0.95. Yay !

Usd stronger. Oil price up..TP1 done. TP 2 tomorrow ?

dividend turun..@_@"

Problematic 3” have left. Earnings delivery has been questionable in the past 2 years, being plagued by variation orders (VOs), high O&G start-up costs and associate losses. This is now history with VO related jobs completed, O&G jobs contributing and Technics no longer an associate. As a result, earnings in the last 2 quarters rebounded strongly.

TP1 0.90 TP2 0.95 TP3 1.00 TP4 1.10 TP5 1.22

Read : 3 major problem were now history !

HLIB Research maintains Buy on Eversendai, ups target to RM1.55

By theedgemarkets.com / theedgemarkets.com | June 15, 2015 : 8:36 AM MYT
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KUALA LUMPUR (June 15): Hong Leong IB Research has maintained its “Buy” rating on Eversendai Corporation Bhd ( Financial Dashboard) at 85.5 sen with a higher target price of RM1.55 (from RM1.06) and said problems with variation oders, high startup costs and associate losses were now history.

In a note today, the research house said Eversendai’s orderbook of RM2 billion was at an all-time high, implying to 2x cover ratio (highest level achieved).

“New job wins targeted to surpass its previous high of RM1.7 billion (YTD: RM864m).

“Beneficiary of a strong USD as 76% of its orderbook is in the Middle East whose local currencies are pegged to.

“Maintain Buy with higher target price of RM1.55 (+82% upside).

“Eversendai offers investors earnings recovery (CAGR: 45%), surging job wins and exposure to the USD play,” it said.

Huat !

Profit taking janggut...wow..HL 1.55.. just wondering if sendai wins rapid 2.5B package..maybe RM3..hehe

Volume coming..

http://www.thestar.com.my/Business/Business-News/2015/06/13/Eye-on-stock-Eversendai-Corp/?style=biz

EVERSENDAI Corp Bhd (Sendai) shares rallied from an all-time low of 48.5 sen on Jan 12 to a high of 83.5 sen on March 17 amid fresh bargain hunting interest.

In the wake of an apparent profit-taking activity, prices slipped into correction mode, trading sideways with a mild downward bias.

The consolidation process lasted almost three months before another fresh bout of buying emerged to help pushed Sendai higher, which saw the shares hitting an eight-month high of 86 sen during intra-day session.

Based on the daily chart, Sendai has penetrated the two-year-old bearish descending line of 76.5 sen in mid-week, as well as the recent highs of 83.5 sen during intra-day session yesterday.

The positive breakout suggests that the fate of this counter has changed for the better.

Another successful penetration of the pretty stiff resistance of 87.5 sen over the next few days would further raise our optimism about the trend ahead.

Greater resistance is resting at the RM1 mark, followed by the RM1.15 barrier but we reckon that Sendai may take this opportunity to fill the minor gap at the RM1.26-RM1.29 band.

Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were advancing. It had triggered a short-term buy at the mid-range on Wednesday. Also, the daily moving average convergence/divergence histogram continued to expand upward against the daily signal line to keep the bullish note. A buy call was issued on June 1.

The past week saw the 14-day relative strength index touching a high of 84 yesterday, up from the mid-range on Monday.

Technically, most of the indicators still are painting an encouraging pictogram, implying Sendai shares are likely to attract follow-through buying interest, thus leading prices higher,

Initial support is envisaged at the 80-sen mark, followed by the 76.5-sen floor.

The lower support of 70-sen mark will now act as the base for the next upward leg. – By K.M. Lee

Retails 8%. Nak push sekali ganda pun tiada masalah.

harap-harap sendai teruskan pencapaian baiknya.

boleh baca Analyst & Investor Briefing - Q1 2015 Results

http://ir.chartnexus.com/eversendai/docs/analysts/1Q2015%20Analyst%20Briefing.pdf

Order book Run rate :

2015 : RM 1,128.0 million (1.12 billion)
2016 : RM 737.6 million
2017 : RM 98 million

Q1 revenue : RM 402 million.

Jadi revenue MINIMUM tahun ini ( jika tiada sebarang kontrak baru ditandatangani ) adalah :

Q1 + (2015 Orderbook run rate) = RM 402 Juta + RM 1,128 Juta = 1,530 Juta ( 1.53 Billion )

Jika contohnya PATAMI tahun ini dalam lingkungan 4.5% (PATAMI Q1= 4.8%). Maka UNTUNG MINIMUM tahun ini adalah :

1,530 Juta x 4.5% = RM 68.85 Juta.

Dalam Anual Report AK kata dividen payout MINIMUM 20%.( sekarang 38%, tidak menentu)

RM68.85 juta x 20% = RM13.77 Juta.

13.7 Juta / 773,900,000 (total shares) = 1.77% sesaham.

Dengan harga sekarang 0.80. DY= 2.21 %

Great start..RM 2 is coming.

91.95% (total 30 largest shareholder) , only 8.05% free float if all major shareholder hold tight. Easy to push up.

Usd stronger..Eversendai will have positive impact say HLB.

Kwsp dah mula collect balik..get ready..

Blatter win, so, dont worry.

Revenue naik, Profit naik, Dividen Naik. Orderbook naik. Harga saham sahaja tak naik-naik.

Tunggu masa sahaja nak buat lonjakan 50%.

Tak lama lagi umum dapat projek o&g..

http://www.nst.com.my/node/84788?m=1

TP 1 : 0.83
TP 2 : 0.88
TP 3 : 0.95
TP 4 : 1.10
TP 5 : 1.30
TP 6 : 1.60
TP 7 : 2.00