Posted by Teh_Invest > 2014-04-24 17:12 | Report Abuse

Wow.. I thought Kenneth you went off and left sendai for good.

Posted by kenneth89 > 2014-04-24 20:03 | Report Abuse

wit the current price that i can see is sendai over bought already

Posted by Teh_Invest > 2014-04-25 10:52 | Report Abuse

as such, you have no more confidence in sendai?

Posted by karipap > 2014-04-25 20:58 | Report Abuse

DAP take over....sure sky rocket soon, like DAP rocket

Posted by Teh_Invest > 2014-04-28 11:03 | Report Abuse

Can be hornbill also no prob. as long as it fly.

Posted by Teh_Invest > 2014-04-28 15:51 | Report Abuse

Sendai! Come on! Move!

Posted by iwan1991 > 2014-04-28 21:23 | Report Abuse

no eyes looking at this sendai.. hehe survive in blood sea.. nice one..

Posted by iqie > 2014-04-29 14:00 | Report Abuse

At last, new contract secured. rm 172mil, not bad..

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/02CF080CD2D6332C48257CC90019FE1A/$File/Press%20Release%20-%20Eversendai%20Nets%20New%20Contracts%20.pdf

Posted by iwan1991 > 2014-04-29 14:23 | Report Abuse

nice nice.. no wonder it rebound.. go go sendai..

Posted by sabmong > 2014-04-29 15:31 | Report Abuse

wow! that's a wonderful news today....but how come still down.....something wrong

Posted by Carlsraj55 > 2014-04-29 22:08 | Report Abuse

Yes, with the good news I would expect the price to move up. Someone is deliberately pushing the price down to buy up. Hopefully rebound tomorrow.

Posted by balvin71 > 2014-04-30 09:46 | Report Abuse

Successfully secured a series of structural steel projects collectively worth ~RM172.2m in the Middle East and India.

Details of the projects are:

(1) Dana Island complex in Doha and substructure portion for the connectivity to Lusail City Development, Qatar;

(2) Facility for International Airport in Jeddah, Saudi Arabia,

(3) Entertainment centre and architectural landmark in Dubai;

(4) Grand mosque in Al Ain, Abu Dhabi, and

(5) Sky bridge in Kolkata, India

Comments
1st major announcement win… The collection of contracts secured is a welcomed development for Eversendai after failing to meet its annual order book replenishment target of RM1.5bn over the past 2 years whereby only RM669m worth of projects was secured for FY13.

Decent size... The latest orders are of significant size as it represents 15.7% of Eversendai’s previous outstanding order book of RM1.1bn and 17.8% of FY13’s revenue.

Earnings visibility… Estimated outstanding order book has been lifted slightly to RM1.27bn, translating to 1.3x FY13’s revenue.

Risks
Execution risk; Regulatory and political risk; Rising raw material prices; Unexpected downturn in the construction cycle; and Sharp fluctuation in forex.

Forecasts
FY14 earnings slashed by 32.8% to RM66.5m (8.6 sen/share), mainly due to slower execution progress for its projects and lower margin assumption while introducing FY15 earnings forecast.

Rating
HOLD

Too much expectation for earnings growth and contract flows have been priced in Eversendai’s share price and it will take earnings recovery in the subsequent quarters to regain back investors’ confidence. Hence, we are maintaining our HOLD call on the company until signs of improvement.

Valuation
Target Price reduced by 21.1% to RM1.01 from RM1.28 previously as we rollover Eversendai’s valuation based on unchanged 10x FY15 earnings.

Source: Hong Leong Investment Bank Research - 30 Apr 2014

Posted by balvin71 > 2014-04-30 09:50 | Report Abuse

HLB Had the highest target price of RM1.28 recently. Now they have also reduced the target price to RM1.01 in line with other investment bank targets.

Posted by iqie > 2014-04-30 10:33 | Report Abuse

Just hold, wait for another announcement.. Remember azerbaijan ?

Posted by iqie > 2014-04-30 10:52 | Report Abuse

News Eversendai announced that it has secured a string of contracts for structural steel projects with a total worth estimated at RM172.2m from the Middle East and India. Amongst the steel structures (i.e. design, supply, fabrication and erection of steel) projects awarded are: (i) complex on Dana Island and Lusail City Development in Doha, Qatar, (ii) facility for the International Airport in Jeddah, Kingdom of Saudi Arabia, (iii) entertainment centre and architectural landmark in Dubai, (iv) grand mosque in Al Ain, Abu Dhabi, and (v) a sky bridge in Kolkata, India. These projects are expected to complete by end-2014 – 2015.

Comments While we were not entirely surprised with the news as the amount of contracts falls within our assumed orderbook of RM1.0b this year, these contracts will boost its orderbook by +18% to RM1.3b from RM1.1b previously which will last for at least the next 2 years.

Assuming a 12% pre-tax margin, these contracts will contribute RM10m per annum to bottom line.

Outlook Based on our recent conversation with the management recently, the Group reaffirmed that it will secure more than RM1.0b new contracts this year.

Eversendai is eyeing more steel structural jobs in the Middle East, particularly in Commonwealth Independent States (CIS) countries such as Azerbaijan. It has already secured one project in the country last year (a 41-storey office tower in Crescent City project). Other than that, Eversendai is sanguine about Dubai hosting the World Expo in 2020. There will be more convention centres to be built there and hence opportunities for steel-structural market leaders such as Eversendai.

As for its O&G segment, we have yet to see significant O&G contract flows for the Group. Nonetheless, the management remains hopeful to secure some contracts from the sector in the Middle East and Petronas’ RAPID projects.

Forecast Relatively unchanged.

Rating Maintain MARKET PERFORM

We are maintaining our MARKET PERFORM rating on Eversendai at this juncture due to the stock’s limited upside.

Nonetheless, we may consider upgrading the stock if Eversendai could secure a higher level of contract sums than our assumptions.

Valuation Revised to RM1.18 from RM0.99 as we roll-over our valuation benchmark to FY15 based on unchanged fwd-PER of 9x.

Risks to Our Call Better progress in construction projects

Lower-than-expected input costs.

Secure O&G contracts in near-term

Source: Kenanga

Posted by Teh_Invest > 2014-05-02 11:17 | Report Abuse

i'm seriously curious on why ppl just do not seems to bother much abt this counter.

Posted by Beginner1989 > 2014-05-02 12:15 | Report Abuse

it takes time man...

Posted by Teh_Invest > 2014-05-02 12:19 | Report Abuse

its been a long time pal. years.

Posted by sookfun > 2014-05-02 12:57 | Report Abuse

Teh, no worry just give sendai a bit more time... u will get the gain...happy trading

Posted by sookfun > 2014-05-02 12:57 | Report Abuse

i will not left sendai de

Posted by sookfun > 2014-05-02 12:57 | Report Abuse

haha

Posted by Teh_Invest > 2014-05-02 15:17 | Report Abuse

sookfun you leaving sendai for good? sold all?

Posted by sookfun > 2014-05-02 20:59 | Report Abuse

For this moment, I no longer hold any Sendai share

Posted by sookfun > 2014-05-02 21:00 | Report Abuse

Sold all 1.02-1.07

Posted by sookfun > 2014-05-02 21:00 | Report Abuse

U still holds how many units?

Posted by Beginner1989 > 2014-05-04 14:26 | Report Abuse

SOokfun, why sold since this company got some projects for the past weeks? No potential to uptrend? Your views?

Posted by maps > 2014-05-04 22:33 | Report Abuse

I think better to make exit from Sendai. Already May'14, they have landed only RM170 million of the over RM1 billion worth of projects they have forecasted to win this year. This is not good news noting that almost mid-way through the year.

Posted by iqie > 2014-05-05 03:26 | Report Abuse

Affin IB Research TP : RM1.86

http://www.theedgemalaysia.com/business-news/287737-eversendai-secures-rm1722m-worth-of-contracts.html

Posted by Teh_Invest > 2014-05-05 10:44 | Report Abuse

sookfun, your average was below 1.02??
I've not sell any. My average is way too high and I do not want to make losses in a good and potential counter. Will wait for a while more which I felt in this month or next it will move its way up that I can at least get back my invested capital and profit from it too.

Posted by sookfun > 2014-05-05 17:44 | Report Abuse

Yup my average below 1.02, so after sold out all, I get mine profit de

Posted by sookfun > 2014-05-05 17:45 | Report Abuse

This is a good counter, I exit bcoz wanna to earn from other counter. In long run this counter can up to 1.50.

Posted by maps > 2014-05-05 20:07 | Report Abuse

sold of 20 lots this morning,,break even,, reinvest money in other counters,, i doubt this counter will move in the next 3 to 6 monnths

Posted by sookfun > 2014-05-05 22:42 | Report Abuse

Ok

Posted by Teh_Invest > 2014-05-06 11:12 | Report Abuse

sookfun, congrats. yes, this counter is considerably a solid counter, is just that not many who is interested in it for some reasons.

Posted by sookfun > 2014-05-06 18:08 | Report Abuse

I will re-enter again when it come to 1.00

Posted by sookfun > 2014-05-06 18:08 | Report Abuse

This fews month market sentimental was not so good, so can aim for good share n enter...

Posted by Carlsraj55 > 2014-05-07 09:10 | Report Abuse

Sendai is fundamentally a strong Company, however there are not too many ppl interested in buying. Hope they can land more big projects they are bidding which could return the interest in this counter.

Posted by sookfun > 2014-05-07 11:32 | Report Abuse

Yeah

Posted by tajai > 2014-05-07 14:50 | Report Abuse

hopefully, this stock can be sustained and give us the good profit, even the stock price is no so good..

Posted by iqie > 2014-05-08 16:55 | Report Abuse

#Pray4Sendai !

Construction: PNB calls pre-qualification tender for Warisan Merdeka. Permodalan Nasional Bhd (PNB) has called for pre-qualification tender for the construction of the 118-storey tower, Warisan Merdeka. It has invited local and foreign contractors with the experience in constructing tall buildings to bid for the main contractor role in the development. (Source: The Edge Daily)

Posted by Teh_Invest > 2014-05-09 11:25 | Report Abuse

Market sentiment this week is week but would presume slightly better next week in my opinion. I think it takes a week or 2 for Sendai to regain its composure and start of again, hence, is still very vague on how far up it can or will go. All these projects' tender are only for us to hope and be optimistic, however, we still need to be careful and now be carried away with false hope. Let's keep our finger crossed guys.

Posted by iqie > 2014-05-10 16:19 | Report Abuse

Last year sell vahana, this year buy back with more percentage.. Good move ?

Posted by Carlsraj55 > 2014-05-14 12:23 | Report Abuse

Price up now but low volume will not keep the price at this level for long. Only positive news on the project tenders will give it a firm push up. To review in a week or 2, meanwhile keep this counter in cold storage.

Posted by iqie > 2014-05-14 18:47 | Report Abuse

#pray4Sendai

http://www.emirates247.com/business/over-dh11bn-sharjah-contracts-2014-05-14-1.549023

Over Dh11bn Sharjah contracts
Meed says 188 active major projects worth Dh60bn in Sharjah
By Staff
Published Wednesday, May 14, 2014
New project pipeline shows significant growth prospects in Sharjah with Dh11 billion worth of projects to be awarded in the emirate by the end of this year, according to forecast by Meed.

Major project awarded in Sharjah in the two years to the end of 2013 were almost Dh19 billion, three times the rate of the previous two-year period to the end of 2011.

If Sharjah major contract awards reach Dh11 billion for 2014 that would represent a 25 per cent increase on major contract signings last year.

“Sharjah is just beginning to capitalize on its earlier investments in Hamriyah Free Zone and Khorfakkan,” said Julian Herbert, Director of Meed Projects in the consultancy’s report. “Based on economic growth and growth in the population of the UAE as a whole, this emphasis on the processing of recyclable materials and manufacturing, positions Sharjah well to grow in tandem with the UAE.”

Overall it is currently tracking some 188 active major projects in Sharjah, which are either planned or underway. The total value of these projects is almost Dh60 billion.

The bulk of these contracts are in the power and water, industrial, transport, infrastructure, construction, public works and environment sectors.

Sector projects

In power and water, underway and planned projects total over Dh3 billion. Projects include power generation and distribution and reservoirs and pumping stations.

In other sectors, some of the major projects it said were awarded in the first quarter of 2014 include Dh350 million by Dana Gas for the Zora gas field and some Dh740 million of private sector real estate projects.

Looking further ahead, it has identified almost Dh22 billion of major projects that are already slated to be awarded in Sharjah by 2018 across all sectors. About half of these contracts are expected to be awarded in the construction sector, and a third in transport as Sharjah makes major investments in its infrastructure. The consultancy also pinpointed waste management, recycling and waste-to-energy projects as particular sources of growth.

The report looked at all projects in the emirate with a value of over Dh18.3 million ($5 million).

Sharjah is regarded as the industrial and manufacturing centre of the United Arab Emirates, with 19 industrial zones and two thriving free zones.

At Al Hamriya Freezone, projects worth a total of more than Dh1.5 billion are underway by companies including Lamprell, Quality International, Eversendai Engineering, Emirates Techno Casting, and Hazel Middle East. Al Hamriya Freezone is specialised in bulk and heavy infrastructure.

In addition to heavy industry and trade Sharjah is focused on developing its tourism infrastructure, renewable energies and healthcare sectors.

Sharjah is building new tourist resorts throughout the Emirate and applying to Unesco to list the Heart of Sharjah historical area as a UNESCO World Heritage Site.

Renewable energy sources being used currently include wind and geothermal. Sharjah has also developed Al-Saj’ah as one of the largest waste management plants in the world.

Meanwhile Sharjah recently disclosed that it is nearing completion on 21 projects to mark its year as Islamic Capital of Culture at a value of nearly Dh1.5 billion. The projects include building new universities, monuments, Islamic parks, traditional markets, museums and libraries, as well as scientific and architectural buildings.

Posted by iqie > 2014-05-20 21:27 | Report Abuse

Eversendai own 20% stake in Technics. ^_^

Technics Oil and Gas consortium bags $166m contract to set up gas facility

PUBLISHED ON MAY 14, 2014 11:04 AM 0 1 0 0

BY RENNIE WHANG
SINGAPORE - Technics Oil and Gas and its Middle East partner have received a letter of award to set up a $166 million gas processing facility in South Asia.

The mainboard-listed firm said on Wednesday that the contract includes two years of operations and maintenance for the facility.

The contract is not expected to have positive material impact on the earnings per share for the financial year ending September 2014, the firm said.

It holds a 70 per cent stake in the consortium while its partner holds the remaining 30 per cent.

- See more at: http://www.straitstimes.com/news/business/companies/story/technics-oil-and-gas-consortium-bags-166m-contract-set-gas-facility-20#sthash.SVGjbBgj.dpuf

Posted by iwan1991 > 2014-05-20 22:32 | Report Abuse

iqie u are not alone. im holding this stock too..hehe hope for a bright day..hehe

Posted by iqie > 2014-05-26 19:24 | Report Abuse

Profit decrease 56% compare last year q1 report... Emm, but AK say this year will be better than last year.. Hold sampai tahun depanlah nampaknya.. @_@"

Posted by iwan1991 > 2014-05-27 14:18 | Report Abuse

nope... got anouncment tday.. contract 500m..oil n gas..http://www.bursamalaysia.com/market/listed-companies/company-announcements/1634665

Posted by iwan1991 > 2014-05-27 14:27 | Report Abuse

tday anouncement got 580m contract.. add more position..ehehe

Posted by Nickgan > 2014-05-27 22:10 | Report Abuse

up up up!