Posted by bluesky908 > 2015-11-30 14:10 | Report Abuse

Good result

Posted by Genius88 > 2015-11-30 14:11 | Report Abuse

net profit is 14.581 million! Wau!!!

Posted by philan > 2015-11-30 14:37 | Report Abuse

OMG

Posted by iqie > 2015-11-30 14:53 | Report Abuse

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

Posted by DickyMe > 2015-11-30 15:12 | Report Abuse

Takkan x der dividend...Hampeh la camni..

Posted by kwongliang > 2015-11-30 15:32 | Report Abuse

no power already...

Posted by Ah Gan > 2015-11-30 15:46 | Report Abuse

see the buy quantity~

Posted by rylyaoming > 2015-11-30 16:00 | Report Abuse

powerless....

Posted by kwongliang > 2015-11-30 16:15 | Report Abuse

2nd time, i regretted for not selling it again. haiz..

Posted by jay111 > 2015-11-30 19:12 | Report Abuse

wah good result today busy no see result tommorow will buy

Posted by valueinvestorJ > 2015-11-30 19:24 | Report Abuse

With such low ringgit value and 75% income from UAE, safe to say future profit and revenue will be even better without even considering the fact that they continuously win projects in UAE leading to an order book that's ever growing.

Posted by valueinvestor000 > 2015-11-30 20:34 | Report Abuse

the revenue and net profits are more than double and sendai continue to bid for more projects. it is definitely a good bright future for sendai. i dont see it as regret for not selling it. short term tp at least RM1

Posted by DickyMe > 2015-11-30 23:18 | Report Abuse

RM1 is reasonable target. A breach of 1.05 may take it RM1.12 or RM1.30. By the way, is the Q report the final one for this financial year?

Posted by valueinvestor000 > 2015-12-01 01:58 | Report Abuse

http://www.theedgemarkets.com/my/article/mwe-rhbcap-boustead-eversendai-ifca-eg-industries-kenanga-damansara-realty-mpay-karex

Eversendai Corp Bhd ( Valuation: 2.00, Fundamental: 0.80) saw its net profit for its third quarter ended Sept 30, 2015 (3QFY15) surge 401% to RM14.58 million or 1.88 sen per share, underpinned by higher value of contract executions during the quarter.

The oil and gas (O&G) services provider posted a net profit of RM2.91 million or 0.88 sen per share in 3QFY14, its filing to Bursa Malaysia today showed.

Its latest quarterly revenue came in 1.95 times higher at RM471.48 million, compared with RM241.03 million in the same period last year.

For the cumulative nine months (9MFY15), Eversendai's net profit soared 126.9% to RM48.08 million or 6.21 sen per share, from RM21.19 million or 2.74 sen per share in 9MFY14.

Revenue for the period came in 85.9% higher at RM1.3 billion, as compared to RM694.3 million a year ago.

Posted by lloydlim > 2015-12-01 02:23 | Report Abuse

Go Go Go!

Posted by rylyaoming > 2015-12-01 10:20 | Report Abuse

hold for ur bright future

Posted by iqie > 2015-12-01 10:21 | Report Abuse

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

Posted by davidl > 2015-12-01 13:01 | Report Abuse

Time to accumulate!

Posted by iqie > 2015-12-01 13:53 | Report Abuse

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.

Posted by yktay1 > 2015-12-01 14:33 | Report Abuse

ever-sense-die

Posted by valueinvestor000 > 2015-12-01 20:29 | Report Abuse

good try @yktay1

Posted by valueinvestorJ > 2015-12-01 21:39 | Report Abuse

Pity those that failed to collect ytd and today, going to shoot to the stars. Big sharks been collecting.

Posted by Thetrader > 2015-12-02 11:30 | Report Abuse

Another gem not to b missed!

Posted by Thetrader > 2015-12-02 11:31 | Report Abuse

Time to keep...

Posted by iqie > 2015-12-02 13:12 | Report Abuse

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

Posted by Thetrader > 2015-12-02 13:38 | Report Abuse

http://www.theedgemarkets.com/my/article/eversendai-eyes-thailands-power-sector

Posted by kwongliang > 2015-12-02 14:12 | Report Abuse

if it is a good news, then why the share price moved the other way? it is inconsistency.

Posted by philan > 2015-12-02 14:54 | Report Abuse

@kwongliang, tolong, since when good results/news mz go out? newbie

Posted by mrserious > 2015-12-02 15:46 | Report Abuse

? Good result but move the other way round?

Posted by valueinvestorJ > 2015-12-02 19:08 | Report Abuse

Shark collecting. Volume play observed this afternoon

Posted by lloydlim > 2015-12-02 19:40 | Report Abuse

Worth to start accumulate below 0.80!

Posted by valueinvestorJ > 2015-12-02 20:31 | Report Abuse

Haha below 0.80? slowly wait. roflmao

Posted by analyst007 > 2015-12-02 21:39 | Report Abuse

Eversendai venturing into Thailand. See latest announcement.

Posted by Hotrod > 2015-12-02 23:37 | Report Abuse

Not a good news. They moving away from core business. Plus going into a new biz will require the company to take in even more debts.

Goodbye Sendai.

Posted by valueinvestor000 > 2015-12-03 10:28 | Report Abuse

pessimistic ppl see every opportunity as threats. that is why there are rich and poor. when the company venture into new business, it can diversify its business and most company do so but some joker said it will cost more debt. if the debt is used in expanding the business, i see no harm.

Posted by Genius88 > 2015-12-03 10:48 | Report Abuse

Agree with valueinvestor000. Just give it some time then it will proof.

Posted by analyst007 > 2015-12-03 11:39 | Report Abuse

Also agree with valueinvestor000. If everyone thinks like Hotrod there will be no new business ventures. The key is that proper due diligence should be done beforehand.

Posted by Hotrod > 2015-12-03 14:38 | Report Abuse

The drop in share price after the announcement is the best answer. I need not explain more.

Posted by iqie > 2015-12-03 17:33 | Report Abuse

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

Posted by kerr2020 > 2015-12-03 21:27 | Report Abuse

Eversendai: Ventures into Thailand. Eversendai Corp proposes to acquire a 70% stake in S-Con Engineering Co Ltd, a company incorporated in Thailand, as part of its plan to expand its foothold in the Southeast Asian region. S-Con Engineering is involved in steel fabrication and plant construction, with over twenty years of experience. (SunBiz)

It's not a new business...

Posted by analyst007 > 2015-12-04 00:44 | Report Abuse

Hotrod, the drop was only one sen on low volume in an overall weak market. Also agree with the rest it is not a new business. Hotrod, do some research before making comments.

Posted by excelyou > 2015-12-04 11:27 | Report Abuse

• Eversendai Corp proposes to acquire a 70% stake in S-Con Engineering Co Ltd, a company incorporated in Thailand, as part of its plan to expand its foothold in the Southeast Asian region.
• Benefit from the appreciating USD as over 75% of its orderbook is located in the Middle East whose local currencies are pegged to the USD.
• Stock is trading at 10x FY16 forward EPS,which is below its 3-years historical average PER of 16.6x.

Posted by excelyou > 2015-12-04 11:29 | Report Abuse

Every Co tries to build foothold at foreign countries or globalize your business. I didnt see any disadvantage of doing it.

Posted by lloydlim > 2015-12-04 15:35 | Report Abuse

Selling pressure still very strong, looking for an entry below 0.80

Posted by iqie > 2015-12-08 13:47 | Report Abuse

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

Posted by DickyMe > 2015-12-08 16:51 | Report Abuse

Buyback the shares from the market, so that no one can manipulate!

Posted by valueinvestorJ > 2015-12-08 19:06 | Report Abuse

sharks been collecting, pushing down the price, never too slow but definitely collecting, panicked retail sellers fell for the trap.

Posted by Vin Cullen > 2015-12-08 23:37 | Report Abuse

Drop maybecoz of right issued propose...

Posted by Davidl > 2015-12-09 01:14 | Report Abuse

Waiting now!

Posted by kwongliang > 2015-12-09 18:01 | Report Abuse

never ending to south!!!!!!!!!!!!!