any chances AK to announce dividend tomorrow or Next Week ?

Dalam Q report ada maklum pasal Kontrak OSD, mungkin dah berjaya kot.. Tggu news je la.. Sekarang orderbook RM130 juta sampai 2020, dapat sign Kontrak OSD baru dapat tambah orderbook lagi..

Not so good Q report, but good prospect ahead..

Bad Q report.. Waiting at 0.90...

Bila masa pula Q2 report keluar bro? Hujung bulan ni baru keluar la. Hehe

AK is AK Nathan, Major shareholder & Ceo of eversendai.

Dalam BFM hari tu kata dpt kontrak 200 juta, petang ni baru umum seratus juta lebih. Ada lagi 100juta, mungkin umum sekali dengan Q report kot., harap2 AK umum bagi 1st interim div. 2 sen please... Hehe

Setahun AK dapat bawa balik rm8 juta dari eversendai.. Top 20 tu..

0.20 in the making.. He he..

Coming soon.. Got strong support @1.03..

Accumulate time.. Similar to Ifcamsc trend.. Next week above 0.20.

No turning back..move foward..

http://downloads.safetica.com/web/documents/Telekom_Malaysia-Keeping_the_Good_Data_Inside_with_Safetica.pdf

World Market near all red except Dubai Stock exchange... Good for sendai !

When News out.. 0.25

Kalau take over semua, agak-agak harga shoot harga ipo tak ? Hehe

500k unit tu bukan volume ke? Jual sahaja la, cut loss. Beli saham lain, dah tak yakin buat apa simpan.

PE mmg 43x sebab untung sikit, nanti untng dah stabil balik PE turun la..

syarikat rugi dan tiada dividen macam EXTOL pun boleh cecah 0.30++, inikah pula PRIVA..

jual sahaja kalau tak yakin.. i'm waiting Q3 result this november...

Come on, i dont think this huge move because of your rumours, maybe some effect, but i'm sure it start to move because some of private group with a lot of member doing buying call to this stock..

bulan lepas MD Puva ada cakap sebelum hujung tahun dia mahu secure new contract dari sektor telekomunikasi. sekarang orderbook 137 Juta hingga tahun 2020. Maybe price naik sebab priva ini dah dapat kontrak baru, tunggu dia umum je la..

Dato' Ali (PrivaAsia Chairman), adalah BOD di Jobstreets..Glomac.. menarik..

Just wait, rm1.70 will be back soon..

This stock should be better than ifcamsc, come on before raya 0.20 !

ok, dah dgr AK nathan di BFM, 2 0r 3 weeks one more 200mil project will be secure...

If true, shareholder become millionairelah..

Yeah , sell, we buy it, next Q should be better, pe will decrease..

Ifcamsc already 0.20++, come on priva !

0.15

Putin call obama, DJ mendaki semula !

it's Coming !

dapat dividen.

Great, Dubai Index rise Again today !

nice,,,,come on.. catch ifcamsc...

Good Sign from Dubai !

Awal Tahun depan AK mahu bagi kontrak lagi RM600juta pada eversendai dari syarikat milik penuh beliau ( vahana ).

Aku rasa baik dia angkat je adik beradik najib jadi ceo ganti dia, esok mesti harga cecah RM2. He he.

http://www.nst.com.my/node/11345

TAN Sri A.K. Nathan’s privately-held Vahana Offshore (S) Pte Ltd will award new contracts worth over RM600 million to Eversendai Corp Bhd.

The contracts will be awarded by early next year, he said in an interview, here, recently.

Nathan, who founded Vahana Offshore this year, owns 70.95 per cent of Eversendai, an integrated structural steel turnkey and power plant contractor.

He is awarding the contracts to Eversendai’s wholly-owned unit, Eversendai Offshore, via Vahana Offshore, to create a track record and platform for the company to build liftboats and jack-up rigs for the oil and gas (O&G) sector.

The Eversendai group will be the first Malaysian outfit to build these units on its own.

The units will be fabricated at its yard at RAK Maritime City in Ras Al Khaimah, United Arab Emirates.

Last month, Vahana Offshore awarded RM580 million worth of contracts to Eversendai Offshore to build two liftboats, which will be ready in February and May 2016, respectively.

Each liftboat will have four 95-metres truss-type legs with electric drives and pinion jacks that will allow it to jack up to a depth of 70 metres.

“I plan to build two more liftboats, which will have four truss-type legs of over 100 metres and can work to a depth of more than 100 metres. It will also have a larger deck space, and accommodation for over 200 people.

“By virtue of constructing liftboats, we are building a platform for Eversendai to build jack-up rigs. After that we will venture into refurbishment and maintenance of liftboats and jack-up rigs to create recurring income business.

“The business for liftboats is very lucrative and it will inch up our earnings. Jack-ups rigs are a suppporting business, which will help grow the company,” Nathan said.

On Vahana Offshore, he said the company will eventually own assets in the marine and O&G sectors.

“I am taking the risk to become an owner of these assets and by awarding contracts to Eversendai Offshore to pre-qualify the Ras Al Khaimah yard, creating a track record for the company in the O&G sector.

“My life is all about Eversendai,” Nathan said.

Second wave coming ?

Maybank support is normal... RM1.85 - RM 0.50 ( par value ) = RM 1.35 ( they gain from all of you, ekuinas already make huge ton of money )hehe..

THE oil and gas (O&G) industry may be in vogue for investors, but Eversendai Corp Bhd’s foray into the sector has not really piqued investor interest. In May, Eversendai announced it had bagged contracts for the construction of two liftboats valued at RM580mil.

Liftboats are generally self-propelled working barges that are used in a wide array of offshore jobs.

Eversendai group executive chairman Tan Sri A.K. Nathan describes the venture of building liftboats as a “breakthrough” on the premise that his is the first Malaysian company to do so.

Building and owning liftboats is a niche business in this part of the region. The only other company in this business is Singapore-listed Ezion Holdings Ltd, which is the largest liftboat owner in the world. Almost all major liftboat players are from the United States except for Gulf Marine Services, which has a base in the Middle East.

But can Eversendai successfully venture into this business? “Eversendai is traditionally known for its expertise in construction for steel and building structures. Can it pull this one off?,” quips one analyst covering the stock.

Eversendai shares are trading at 98.5 sen with a market cap of RM762.2mil. This is over 40% down from its 52-week high of RM1.75 recorded in July last year. The stock had traded to a 52-week low of 88 sen in March.


Nathan: 'We have a few offers on the table.'

Hong Leong Investment Bank (HLIB) Research reckons that Eversendai’s share price has priced in expectations for contract flows and that it would take earnings recovery in the coming quarters to regain investor confidence after a weak first quarter of financial year 2014 (FY14). Eversendai’s net profit for the first quarter of this year fell 54% to RM10.99mil from RM23.68mil a year ago.

“Although the recent contract wins are welcome news and could help to make up for the weak first quarter, we believe execution would be key in investor perception,” the research firm said in an end-May report after Eversendai’s offshore unit secured the liftboat jobs from Vahana Offshore (S) Pte Ltd – a company wholly owned by Nathan.

The liftboats – named Aryan and Arjun – are expected to be ready in February and May 2016, respectively. Each liftboat will have a rectangular hull and four 95m truss-type legs with electric drives and pinion jacks that will allow it to jack up to a depth of 70m. There will also be a 300-tonne crane and accommodation for up to 150 people.

The units will be built at Eversendai’s fabrication yard on a waterfront land measuring approximately 200,000 sq m with 550 m of quayside in Ras Al Khaimah, the United Arab Emirates (UAE).

Nathan dispels pessimism that the company does not have the know-how to undertake the project. “Close to half the job scope in building the liftboats involve steel structures, where we have a stellar reputation. The hull and jack-up legs, for instance, are made of steel and we have the expertise for it,” he tells StarBizWeek. For the specialised areas of propel, control and jacking systems, the company has engaged the right expertise, he adds.

On why he chose to be the owner of the two liftboats through Vahana Offshore, Nathan says he is taking on a personal risk to first create a track record, given that liftboats are a relatively new concept in this part of the region. “We have a few offers on the table from parties expressing interest in our liftboats, but we have not struck a deal yet. Demand is picking up and we are confident,” he says.

Nathan is Eversendai’s founder and major shareholder with a 70.9% stake. The company’s other shareholders are the Employees Provident Fund with an 8.1% interest and Lembaga Tabung Haji with 5.2%.

Eversendai needs little introduction for its involvement in many iconic developments locally and overseas such as the Petronas Twin Towers and the Burj Khalifa in Dubai, UAE. Eversendai has a strong presence in the Middle East, with the bulk of its earnings coming from this market.

“We have built all types of complex steel structures since the 1980s, and in 2000, we moved into mechanical erection work for power plants. When I look at topsides in the O&G sector, I see steel structural works, so I know we can also execute our maiden liftboat project. In fact, it’s more challenging to build a coal-fired power plant,” Nathan enthuses.

Eversendai diversified into the O&G sector two years ago. Nathan says he has spent the last two years working tirelessly to scale up this business segment.


Read more : http://www.thestar.com.my/Business/Business-News/2014/07/05/Lifting-expectations-Eversendai-attempts-breakthrough-in-OG-with-liftboat-venture/

If can close 0.15 will be nice.. Next few week TP2- 0.20sen will come..

Venturing cost sudah diambil kira dalam Q report sebelum ini, bermula Q 3, masa untuk menuai...

Opensys wannabe..

Good Dividen Company ? hope Q3 ada div lagi...

Eversendai Plans More Liftboats, Rigs

KUALA LUMPUR: Eversendai Corp Bhd is scaling up its oil and gas (O&G) venture by building more liftboats and jack-up rigs to bolster revenue and profit.

Eversendai Corp executive chairman and group managing director Tan Sri A.K. Nathan said this will lead to a move into the refurbishment and maintenance of O&G assets business and ensure recurring income.

Nathan is upbeat that by 2017, its O&G business will contribute 50 per cent to its income and help it achieve the RM2 billion revenue target. The rest will come from its structural steel and power-plant businesses.

“I want to move towards becoming a good dividend-paying company, which is why I’m building up Eversendai. The market for liftboats and jack-up rigs is huge and it is a global business,” he said recently.

Last month, Eversendai won a RM580 million contract to build two liftboats from Vahana Offshore (S) Pte Ltd, a company wholly-owned by Nathan.

The contract represents the first venture into the offshore O&G market via its wholly-owned unit Eversendai Offshore RMC FZE, which builds, upgrades and refurbishes jack-up rigs and floating production, storage and offloading systems.

Eversendai is also the first Malaysian company to build its own liftboats and jack-up rigs soon.

Local and international O&G companies currently buy these assets from foreign firms in Europe and Asia, including Singapore.

The liftboats will be built at its fabrication yard at RAK Maritime City in Ras Al Khaimah, United Arab Emirates.

Named Aryan and Arjun, each will have a rectangular hull and four 95m truss-type legs with electric drives and pinion jacks that will allow it to jack up to a depth of 70m. There will also be a 300-tonne crane, accommodation for up to 150 operatives and dynamic positioning systems.

“Eversendai has built all types of complex steel structures since 1980s and in 2000, we moved into mechanical erection work for power plants. When I look at topsides in the O&G sector, I see steel structures and mechanical erection works, thus I know Eversendai can also execute that.

“Based on that, I decided to move into upstream and downstream O&G activities and bid for contracts in Europe, the Middle East and Asia. I have worked tirelessly for the last two years to build this business segment and expand the company,” Nathan said.

Of the two liftboats, he said the hull and jackup legs are made of steel, and Eversendai has the expertise and capability to execute that based on tolerance.

“What we need is the propel, control and jacking systems. This is a specialised area and we are contracting that out to specialist companies,” he added.

http://www.malaysiandigest.com/technology/288-uncategories/507640-eversendai-plans-more-liftboats-rigs.html

strong support at 0.13... next week hope can reach 0.15.

http://www.thestar.com.my/News/Nation/2014/06/27/sub-contractor-sacked-MRT-accident/


PETALING JAYA: Mass Rapid Transit (MRT) Corporation has sacked the sub-contractor and staff working at the Pusat Bandar Damansara MRT construction site where a metal slab fell onto an oncoming car.

According to a statement issued by MRT Corporation on Friday, the incident occurred at 5.30pm on Tuesday when a sheet pile which was being placed on a stack within the worksite "slipped and hit the car".

The impact apparently caused the car to hit another car which was travelling beside it, but the driver of the car that was hit escape without any injury.

"The male driver of the first car suffered some cuts and was immediately brought to a nearby hospital for checks," said MRT Corporation, adding that he was given outpatient treatment.

"Sunway Construction has taken full responsibility of the incident. They have also removed the staff who was directly supervising the site when the incident occurred," said MRT Corporation.

MRT Corporation also terminated the sub-contractor, Bersatu Hati Enterprise, which was carrying out works at the location of the incident.

The sub-contractor was also blacklisted "from getting contracts related to the Klang Valley MRT Project".

MRT Corp and MMC Gamuda is now reviewing Sunway Construction's safety practices at the site and assured that they will "close any gaps" in terms of safety.

Meanwhile, pictures of the car that was crushed from a slab of metal that fell from Pusat Bandar Damansara MRT's construction site have gone viral on social media.

"My father barely escaped death at Pusat Bandar Damansara MRT's construction site (near HELP University)," said Hendra Wardi, the alleged son of the owner of the smashed car, on his Facebook page.

http://www.mysinchew.com/node/99466?tid=10

Safety briefings

A site supervisor said all sub-contractors must convene a committee meeting every month to review the site safety while all on-site workers must attend weekly briefings on safety precautions.

"Site supervisors must check the safety of construction site every day. This is our job and duty."

He said most of the workers at construction sites are inexperienced foreign workers and as such, safety briefings are particularly important to ensure that they are aware of all the safety aspects.

"We must keep reminding these workers to make sure they remember every bit about site safety."

An engineer responsible for the LRT construction beside Summit Hotel in USJ told Sin Chew Daily the accident along the old Subang Airport Road could have been due to the sub-contractor not regularly briefing the workers on safety issues.

"I think this is the likely reason. As a matter of fact, such accidents are very rare, probably only once in a year."

A similar accident took place not far away on March 29 last year, killing a 34-year-old assistant manager.

Meanwhile, the main contractor of the Kelana Jaya LRT extension project TRC Synergy has tendered an apology to the couple injured in the recent accident.

The company's executive chairman Datuk Seri Sufri bin Hj Mohd Zin pointed out in a statement that the company was concerned about the causes for the accident as well as investigation works.

TRC Synergy will cooperate with Prasarana and DOSH in the investigation.

Nice closing, nice volume, not many buy call from any private group yet.

I think this stock better than IFCAMSC, and get dividen every year, should catch up IFCAMSC price soon..

Just begin ? Still cheap ?

Q3 must give divident to boost confident..

Nice close, 0.13.. Going to TP1 @0.15.