Posted by lks_5291 > 2015-07-01 07:20 | Report Abuse

Edge: Fitch affirms Malaysia's credit rating at 'A-', revises outlook to stable.

Posted by iqie > 2015-07-02 05:39 | Report Abuse

Hari ini agak2 boleh pecah RM 1 tak ?

Posted by iqie > 2015-07-02 10:44 | Report Abuse

Tunggu pukul 4.

Posted by Anonymous99 > 2015-07-02 11:59 | Report Abuse

When it reaches RM1 should I sell and wait for it to drop first only buy again?

Posted by iqie > 2015-07-02 12:25 | Report Abuse

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

Posted by lks_5291 > 2015-07-02 12:29 | Report Abuse

U can wait another quarter result... Should be good one. USD effect kicked in... But up to everyone, trader or investor has his own purposes...

Posted by Anonymous99 > 2015-07-02 12:37 | Report Abuse

Pool thx for the advise

Posted by mzsk > 2015-07-02 15:17 | Report Abuse

i agree take your own risk and see this company quarter result.

Posted by Anonymous99 > 2015-07-02 15:19 | Report Abuse

May I know when is the next quarter results releasing?

Posted by kerr2020 > 2015-07-02 15:45 | Report Abuse

Should be in August if I'm not mistaken...

Posted by iqie > 2015-07-03 06:08 | Report Abuse

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.

Posted by Anonymous99 > 2015-07-03 13:23 | Report Abuse

Today no power

Posted by kerr2020 > 2015-07-03 14:09 | Report Abuse

China stock plunged, Greece referendum, U.S employment data & 1MDB....not helping today...

Posted by iqie > 2015-07-06 04:37 | Report Abuse

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.

Posted by robbinbuffet > 2015-07-06 10:14 | Report Abuse

Ringgit slip to 16 years low. Profit peaking for sendai this coming quarter. Yes!

Posted by iqie > 2015-07-06 13:16 | Report Abuse

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.

Posted by iqie > 2015-07-06 19:11 | Report Abuse

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.

Posted by iqie > 2015-07-07 11:37 | Report Abuse

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

Posted by iqie > 2015-07-08 04:21 | Report Abuse

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

Posted by Anonymous99 > 2015-07-08 16:29 | Report Abuse

Gg sendai

Posted by iqie > 2015-07-08 16:33 | Report Abuse

Flush all contra first..

Posted by Cobra Gigit > 2015-07-08 16:39 | Report Abuse

20 m to go ...flush them...

Posted by DickyMe > 2015-07-08 18:52 | Report Abuse

Shady leaders and transactions leads to distrust. Past few years, country has been in autopilot. It's a field day for all the looters while in power. Severe damage is done and the leakage holes are getting larger. Citizens bear the cost of these plundering and non-existent services not only in public but spread to private companies too. Pay you bills for substandard services and unanswered calls for help. It's total chaos and breakdown of commercial institutions.

Posted by iqie > 2015-07-09 10:11 | Report Abuse

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

Posted by bluesky908 > 2015-07-09 17:34 | Report Abuse

Rebound

Posted by DickyMe > 2015-07-10 14:54 | Report Abuse

RM 1.12 critical resistance !

Posted by iqie > 2015-07-10 15:10 | Report Abuse

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

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

Posted by bluesky908 > 2015-07-10 15:34 | Report Abuse

Sure can break 1.00

Posted by iqie > 2015-07-10 16:31 | Report Abuse

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

Posted by bluesky908 > 2015-07-11 15:43 | Report Abuse

wait next month quarter report, sure cantik.

Posted by iqie > 2015-07-13 15:48 | Report Abuse

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

Posted by Cobra Gigit > 2015-07-13 16:54 | Report Abuse

.98..jerung waiting

Posted by bluesky908 > 2015-07-13 17:02 | Report Abuse

Cantik, slow slow naik.

Posted by iqie > 2015-07-14 09:35 | Report Abuse

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

Posted by Anonymous99 > 2015-07-14 09:48 | Report Abuse

Broke 1 edi

Posted by iqie > 2015-07-14 09:51 | Report Abuse

Nice....boom..boom..

Posted by Anonymous99 > 2015-07-14 09:55 | Report Abuse

Big volume selling at 1.01

Posted by iqie > 2015-07-14 10:51 | Report Abuse

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

Posted by hybrid2013 > 2015-07-14 11:17 | Report Abuse

1.50....1.50......1.50....1.80

Posted by iqie > 2015-07-14 12:08 | Report Abuse

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

Posted by janggut > 2015-07-14 13:15 | Report Abuse

Cant wait for the show this evening..sure cn close above rm1..good move sendai..

Posted by Anonymous99 > 2015-07-14 15:43 | Report Abuse

Lol drop back to 0.965

Posted by iqie > 2015-07-14 16:29 | Report Abuse

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

Posted by pathew > 2015-07-14 16:30 | Report Abuse

97sen holding, someone accum this level?

Posted by iqie > 2015-07-15 08:19 | Report Abuse

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

Posted by Anonymous99 > 2015-07-15 09:37 | Report Abuse

Drop d drop d

Posted by tiny net > 2015-07-15 09:55 | Report Abuse

Drop and Up again

Posted by iqie > 2015-07-15 11:32 | Report Abuse

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

Posted by bluesky908 > 2015-07-15 13:19 | Report Abuse

Up up up seperti evergreen.

Posted by DickyMe > 2015-07-15 15:22 | Report Abuse

Until month end. market tidur !! Sharks may come out for shopping....