RHB IB - (1) It is a good proxy to the infrastructure boom in the Middle East, particularly, Qatar that is racing to build iconic buildings as well as basic infrastructure ahead of its hosting of the 2022 FIFA World Cup; (2) It is a good proxy to the Klang Valley MRT project given the strong likelihood of its involvement in structural steel works for stations; and (3) It is a preferred structural steel specialist for international contractors given its strong track record in structural steel works for various iconic buildings in the Middle East. Fair value is raised by 8% to RM1.80
sendai always open high and close at low price in good news....will next monday be the same? and every bank write good report on it and yet its share continue to drop..confused :S
A good fundamental stock can only drop so much just like presbhd(fortunately grab at 1.01) drop to 1.00 and bounce back to 1.12. EPF (8.52% stake) have stop selling since 17/1/13. Boss AK have 70.52%. Limited downside. Bought at 1.11 today. RM100-200m contract will be announced next week. Profit margin stand at 11.8% double that of normalconstruction company
the company is targeting to grow to a 2bil business, guess the dividend policy may prove to less attractive. but i have faith that the company can hit the goal in few years time via organic acquisition and new contracts. my thought...
Closing not bad 1.13. As AK said profit will double in 3 to 4 yrs time. Only a matter of time, before investors discover this gem together with benalec and kimlun
This stock seriously is one for the Technical Analysts. "The trend is your friend", except no-one can short stocks in Malaysia except Bursa PO's (as long as it is squared up by the end of the day).
and who is selling at lower price is also everyone's enermy.. dunno who is selling share of a profitable company at historical low price.. provided that so many good news nowadays and no bad news..
sendai 2012 EPS is 14.9, slightly lower than year 2011. So, the share price has been downward. For me, no TP is set for sell, but to buy as cheaper as it can.. as long as, coming year earning must beat year 2012 ? 14.9... then my return will also beat my investment.. or else, jump!!
Those are not investors, they are contra kaki, soon enogh these weak holders will be gone, can u buy at 1.09/1.10 and make money at current share price. All these jokers will eventually be flush out
Something to look forward to: Eversendai Technics Pte. Ltd. - carry out engineering, procurement, construction and fabrication services for the oil and gas industry.
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....
bryan_su
645 posts
Posted by bryan_su > 2013-03-01 15:47 | Report Abuse
whatever la... much lower much better.. just sapu !!