Wait november.. 3rd Quater will be good..

Nice closing.. Will be better next week..

Nevermind, india and qatar is coming... End 2014 will start contruct new stadium for world cup 2022..hope eversendai can get Sub-con contract..

Privasia ventures into e-commerce

Posted on June 20, 2014, Friday

KUCHING: Privasia Technology Bhd (Privasia) has ventured into the e-commerce services sector after the acquisition of a 12.5 per cent stake in Hubwire Sdn Bhd (Hubwire) for a total consideration of RM0.5 million in April.

Hubwire is involved in the development, running and operations of multichannel e-commerce platforms for inventory management, e-cart systems, warehousing and point of sale systems.
Speaking at Privasia’s Annual General Meeting (AGM) yesterday, chief executive officer and managing director Puvanesan Subenthiran said that the investment into Hubwire effectively expands the group’s existing market reach.

Industry statistics estimate that the e-commerce industry in Malaysia will double in size to about US$600 million in 2016, from about US$300 million in 2011 in line with the anticipated increase in internet penetration rate and user adoption of online purchases.
“With the local e-commerce industry on an upward trajectory, we are certain that our venture will be a fruitful one going forward,” Puvanesan said.

In its existing core business, Puvanesan also added that Privasia is looking to win more jobs from the telecommunications sector to strengthen its outsourcing orderbook.
Privasia currently has a total outsourcing orderbook of RM137.8 million, keeping the group busy till 2020.

“In order to enhance its range of services, telecommunication companies have to invest heavily in order to upgrade their hardware and software to meet the demand of their end-users.

“Thus, we believe that ICT outsourcing will provide these companies with a worthwhile solution that helps them improve their services corresponding with staggered investments,” he said.

“We are hopeful of securing a few jobs from the telecommunications sector by the end of FY2014,” Puvanesan concluded.

Read more: http://www.theborneopost.com/2014/06/20/privasia-ventures-into-e-commerce/#ixzz35RS0ePWb

If you want quick buck just sell it.. But if you read quater report, there are promising quaters ahead..dividen ex date it just a temporary effect..

Maybank give Bad TP.. 125 ?

Short term 0.15, mid term 0.20, Long term 0.35... Trade at your own risk.

Ok. 115 dah pecah.. Cantik..

Keep..hold tighly...

Yeah, that one of the reason, but because of that too the price can fly high in short time..

NTA 29.51 SEN not in RM ! He he.. Better read quater report carefully..

Kalau ikut lepas2.. Boleh pergi hingga RM1.70..

Ok, seperti dijangka, sendai umum dapat projek sehari sebelum AGM. Kali ini RM 152 Juta sahaja. Orderbook RM1.7 billion..

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1659809

Golden cross in the making...

Dalam surat akhbar cina AK kata dah dapat kontrak dlm tgn, tapi tak umum lagi, tunggu AGM kot.. Dalam wawancara tu AK macam dah merajuk dengan Malaysia, nada sama macam ceo YTL..

http://www.arabianoilandgas.com/article-12548-eversendai-goes-for-gold/

Sabar, eversendai tengah buat marketing di uae..

Siapa pergi AGM nanti bagitau AK, suruh dia jangan main-main macam budak-budak, dah lulus buy back, sila push harga sekurang2nya sama dgn nilai NTA.

ada kesan ke tukar klasifikasi di bursa ?

Someone playing this counter.. Haha

Epf selling again ? Last minute sell force..

Yeah.. I know.. But eps drop too.. -2.2 !

Yeah.. NTA 29 SEN

Review of performance

For the first quarter ended 31 March 2014 (1Q14), group revenue declined 4.7% to RM13.7 million from RM14.4 million previously. This was largely due to slower billings and project completion from the Outsourcing and Consulting (OSD) business segment, and lower sales in the ICT Distribution (CDIST) and E-Procurement (E-PROC) segments.

Higher revenue from satellite-based network services (SAT) and ICT Services (CSERV) segments mitigated the dip.

The Group's operating expenditure increased in 1Q14 as a result of expanding into new areas and larger workforce. Consequently, the Group's 1Q14 profit before tax (PBT) and net profit standing at RM2.2 million and RM1.3 million respectively. By comparison, 1Q13 PBT and net profit were recorded at RM2.7 million and RM1.8 million respectively.

Still give an impact.. Can buy more if drop to 0.35..

See your self..

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1637537

Eps drop to 0.11 ! Profit drop near 300 % !

Loss 11mil, NTA drop to 1.03... Sell..

Check out this new website, eversendai offshore.

http://www.eversendaioffshore.com/capabilities/multi-purpose-jack-up-offshore-vessels

Still waiting news from azerbaijan project...

Anak bagi bapak kontrak ke ? Hehe

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.. @_@"

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

#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.

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

#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)

Untung berkurang 100 juta.

Affin IB Research TP : RM1.86

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

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

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

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

ha ha, duit jual SEMUA share PFCE buat belanja OBAMA kot. @_@"

Mereka sudah lari, anda bila lagi ?

########

Abu Talib sells off stake in PFCE
By Dinesh Immanuel
Friday, 25 Apr 2014, 12:00 AM

Businessman Datuk Abu Talib Mohammed (pic) and his son Muammar Gadaffi Abu Talib have ceased to be the controlling shareholder in PFCE Bhd, when its privately-held vehicle PFC Engineering Sdn Bhd sold its entire 37% stake in the listed company for some RM10.55 mil.

The disposal was carried out in two transactions. On April 17, PFC Engineering sold 18.1 million PFCE shares while the remaining 16.98 million shares were disposed of a day later. The shares were sold at 30 sen each.

Based on its 2013 annual report, PFC Engineering was PFCE’s largest shareholder with a 37% stake as at May 20, 2013. Abu Talib and Muammar had also resigned as PFCE group executive chairman and director respectively following the sale.

Abu Talib is the brother of Maju Holdings Sdn Bhd's shareholder Tan Sri Abu Sahid Mohammed.

Abu Talib first emerged as a substantial shareholder in PFCE, which was previously known as APP Industries Bhd, in early 2011. Following the latest development, the counter has jumped some 84% since April 15 to close at 48 sen on April 24.

Branding itself as a full-services turnkey engineering solutions provider, PCFE posted a net loss of RM21.8 mil on revenue of RM16.2 mil for the financial year ended Dec 31, despite the company having earlier predicted a promising year.
- See more at: http://www.focusmalaysia.my/Markets/Abu-Talib-sells-off-stake-in-PFCE#sthash.yWseuRZp.dpuf

Solar industry good prospect or not?

Once contract announce, price go up and epf start buying back..

Tp 0.2

TA Chart show midterm RM1.75

Looking good..

If both project can be secure, sure RM2.00 hehe

Pray for eversendai to win 5 billion iconic project !

"Anything iconic will be ours. We have made the reputation in this market, anything difficult, complicated, iconic is Eversendai.-Narish Nathan

http://www.bernama.com.my/bernama/v7/bu/newsbusiness.php?id=1029599

TP 0.10