Order Book Run Rate ( setakat mac, tidak termasuk kontrak yang baru dimenangani baru2 ini)

2017
3M 2017:RM396.0m
3M-12M 2017 : RM1,462.6m

2018 : RM1,115.1m
2019 : RM285.3m

Analyst & Investor Briefing - Q1 2017 Results dah keluar. boleh lihat potensi SENDAI. Orderbook run rate tinggi, PATAMI Margin improve.

http://ir.chartnexus.com/eversendai/docs/analysts/1Q2017%20Analyst%20Briefing%20(IR).pdf

KYY sapu lagi 590k unit...Yakin betul kyy dengan sendai.

www.bursamalaysia.com/market/listed-companies/company-announcements/5447949

Dalam tempoh 3 bulan ini, akan ada pengumuman kontrak dari UK, dan keputusan penyelesaian beberapa kes mahkamah, semoga menyebelahi Sendai.

Enjoy the ride... My TP RM1.30 before sep. And RM 1.50 end of this year. If result better than expexcted, RM2 also no problem.

Mungkin ada variatiion cost akan dapat dituntut tahun ini..

“We had a bad year last year. We declared losses and had written off a lot of items which we thought could be an issue going forward. However, not all that has been written off last year is gone, as we will be able to recover a fair amount of money,” said Nathan.

Jika AK mahu buktikan ia benar, maka untung mesti lebih 100 juta tahun ini.

“We are close to achieving what we have targeted and we might even exceed the target. FY17 will be a far better year and it will be greater than what we have achieved since the inception of the company;

Jika boleh capai RM2B revenue, dengan 4% margin profit. Untung tahun ini dijangka sekitar RM80juta.

Ikut tred wave, possible new high...

Ni waktu PC bulab mac, AK dah jawab sebahagian persoalan. Nanti agm boleh tanya detail.


Monday, 13 March 2017
Eversendai hopes to swing back to black on strong order book

BY GURMEET KAUR


PETALING JAYA: After reporting losses in financial year 2016, its first since its listing six years ago, Eversendai Corp Bhd hopes to bounce back this year on the back of a strong order book.

Its executive chairman and group managing director Tan Sri AK Nathan said the group has set a target to show “progressive profits quarter by quarter” following a kitchen sinking exercise in financial year 2016 (FY16).

“We wanted to start afresh and move forward with confidence ... hence we cleared up whatever impairments we had to incorporate,” he told StarBiz.

The structural steel turnkey contractor recorded a core net loss of RM128mil in the Q4’16, bringing core losses for FY16 to RM80mil. In FY2015, it made a core profit of RM47.4mil.

The dip in earnings was largely contributed by the Middle East and oil and gas divisions.

Maybank Research in a report noted that Middle East was hit by slower work progress and cost provisions, while oil and gas (O&G) division saw increased operating expenditure as a result of delay in project funding and low utilisation of its fabrication facility in Ras Al Khaimah in the United Arab Emirates (UAE).

Including an impairment of RM102mil in the first half of last year pertaining to its investment in O&G outfit Technics Oil & Gas Ltd, Eversendai’s net losses for the full-year came in at RM257mil.

Notably, it was the first time the group reported a full-year loss since it was listed in 2011.

“Globally, 2016 was not a good year for many entities. The oil and gas sector did not do very well but picked up towards the tail end. We capitalised on this situation to put behind any backlogs,” he explains.

“Even with the impairment, the company is in a strong footing. We have an outstanding orderbook of RM3.2bil as at end Feb.”

He said the group sees huge potential and opportunities in the Middle East, where it derives more than two-third of its earnings.

“We recently secured a job in Singapore after a 10-year break, while in India, we see good growth after having turned around the business there last year.”

Besides this, the group is also seeking to expand into new markets such as the United Kingdom.

However, balance sheet-wise, the group’s net gearing is currently at a historical peak of 0.9 times.

Eversendai is building two jack-ups/self-propelled lift boats for Vahana Offshore (S) Pte Ltd, which is privately held by Nathan.

While, Vahana has obtained financing for the first lift boat, Nathan said funding for the second is in progress and hopes to secure it in the next few months.

The first lift boat would be completed by July and ready to sail out for work in Sept this year. The second is expected to be completed by year-end and ready for charter by March next year.


Read more at http://www.thestar.com.my/business/business-news/2017/03/13/eversendai-hopes-to-swing-back-to-black-on-strong-order-book/#IazapcqbuRJmDo1A.99

Nanti 25hb ni tanya la dalam agm, tanya vahana boleh secure loan untuk 2nd lift boat tak, tanya juga aryan dan arjun dah ada penyewa tak.

Kalau AK umum dua benda tu nanti dalam agm, dan Q report tunjukan margin untung yg lebih baik, sure semua researh house review semula TP. Diorang khuathirkan benda tu je.

hope sendai will be Gadang wannabe..drop till 0.885 then shoot to RM3...anything can happen..

apa gaduh2..yang trust ini company, collect banyak2, yang tak yakin, juallah. simple. nak jual seminar, nak belagak siapa hebat bukan kat sini.

datang sini jual seminar rupanya. lol !

kcc ni mmg suka angkat bakul sendiri ke? lol.

sendai target to secure 2.5billion new contract..still have 6 month to go..half year target dah tercapai. RM1.2 billion more..go go..

news out...RM1.3Billion project dah secure...terbaik.. tambahan rm500juta dlm tempoh dua bulan.

last time drop so fast..then within 3 month go up for new high.. hope this will be the same..

10 more day before AGM...

wow..how easily they change the fundamental analysis..haha..purely speculate blogger.

i think they try to target foreign investor..thats why so many fundamental analysis using so many indicator..hehe..

RM20 by 2020 ? it so American style..

Projek di kuwait banyak, harap sendai dapat beberapa projek disana.


Kuwait working on $234bn construction projects

With $234.4 billion worth of active construction projects and $34 billion worth of developments in the concept or design phase, the construction sector in Kuwait is poised for solid growth this year despite low oil prices, said a report.

The government plan to increase oil production is spurring Kuwait’s construction sector, stated a report by BNC Network, a leading project research and intelligence provider in the region, commissioned by The Big 5 Kuwait, the largest construction show in the country, which kicks off in September.

To be held from September 25 to 27 at the Kuwait International Fair, the event is expected to attract record-breaking numbers of exhibitors and visitors in 2017.

Of the five major construction projects currently going on in the Gulf country, four are linked to the oil and gas sector, it stated.

After the Kuwait National Railway Network, worth $10 billion, Al Ahmadi’s Olefins III comes second, with an investment of $9 billion. This is followed by the Package 1 and 2 of the Clean Fuel at the Mina Abdullah Refinery ($8 billion), the Package 3 of the Clean Fuel Mina at the Al Ahmadi Refinery ($5 billion), and the Package 1 of the Process Plant at Al Zour Refinery ($5 billion).

"The Kuwait construction sector shows clear signs of recovery, and will be growing at a steady pace this year," remarked Andy Pert, portfolio exhibitions director at The Big 5 Kuwait.

"This is an excellent time for construction industry players to make business in Kuwait: projects in the initial stages of construction are valued at $48 billion, and indicate a steady flow of new investments,” remarked Pert.

According to the report, Kuwaiti government is investing $100 billion to improve the efficiencies of upstream and downstream facilities in line with its five-year plan, the Social & Economic Objectives 2015-2020. About 34 per cent of all project investments in the country are currently in the oil and gas sector.

Beyond public spending to support medium and long-term government objectives, the emerging sectors such as tourism and travel, as well as urban construction projects, are the main growth drivers of the construction market in the Gulf country, it stated.

Undoubtedly, in order to create an efficient operating environment for businesses to thrive, the expansion and improvement of facilities and infrastructures in multiple sectors are key, it added.

The combined estimated value of all 722 active projects in Kuwait is $234.4 billion, The Big 5 Kuwait’s report discloses.

The urban construction sector lists the highest number of projects, representing nearly 73 per cent of all construction activities in the country. There is an estimated $29 billion worth of building projects, including the South Saad Al Abdullah New City ($4 billion) and the Nawaf Al Ahmad City ($3 billion), said the report.

In the hospitality and tourism sector, the Kuwaiti government is investing $1 billion aiming to attract 440,000 overnight visitors by 2025 (up 60 per cent from 2015), creating 30,000 jobs over the next 10 years.

These objectives align with Vision 2035 and the mission to transform Kuwait into a financial and commercial hub in the Gulf region, it stated.

According to organisers, construction being a catalyst for economic growth, The Big 5 Kuwait 2017 will be an unmissable platform for decision makers and industry professionals to stay up-to-date with latest developments and opportunities in the market.

Attracting thousands of manufacturers and buyers from around the globe, the event will also offer a series of complimentary and CPD (Continuing Professional Development) certified workshops delivered by experts on the industry’s most compelling topics, they added.-TradeArabia News Service

cooling period. wait for the announcement !

KYY sapu average 0.9x 7juta unit..wow..

World cup 2022 Tak lama lagi. Tahun depan Qatar peruntuk lebih 103bn untuk infra project. Harap Sendai dapat kesan positif.

http://m.gulf-times.com/story/546588/Qatar-s-construction-sector-to-witness-growth-in-2

http://www.constructionweekonline.com/article-44213-qatar-to-spend-103bn-on-infrastructure-projects/#.WQ-lAZ_mjqA

L&T got new contract at Qatar, Dubai, oman and UAE, hopefully they will appoint sendai as sub contractor..

www.technicalreviewmiddleeast.com/power-a-water/transmission/l-t-construction-wins-us-817mn-order-from-qatar-s-kahramaa

no need insider news..AK said it clearly before this..there will be progressive profit after this ( start this Q1 2017)

KYY take the opportunity..hopefully sendai will bounce back to its IPO price. RM1.70 to RM1.80.

KYY give hint Sendai will be like Latitude, VS or Lii Hen. At lease 600%. Let say he collect at 0.60. So the price should be atlease RM3.60. hehe.

JHM prove it possible.

still got time, now too hot... Q report release end of this month, and nomally AK will announce new contract before or at AGM PC.

2016 Stock Picks & What Shares I own - Koon Yew Yin
Author: Koon Yew Yin Publish date: Fri, 21 Apr 2017, 10:03 AM
Close
Koon Yew Yin 21st April 2017



Dear Editor,



I refer to your email regarding pengembaraalam's comment on my stock pick for 2016 organised by Tan KW. As I said before that if participants for the competition cannot buy and sell to change their shareholdings, the competition is not real. It is only a guessing game and I must admit that I am not good at guessing. In actual practice, investors buy and sell frequently. In fact, day traders buy and sell several times in a day.



I am a serious long term investor and I buy shares basing on the profit growth prospects of the companies. I do not blindly base on charts to buy shares. I also do not worry too much on the company accounts because it only shows its past performance and it does tell you how the company will perform in the coming year. That is why those so called expert financial analysts cannot be successful. If you don’t believe what I just said, you can ask them to show their track records.



I buy shares basing on the company’s business. What kind of business? Is it a good business? For example, I will not buy company’s shares in Plantation, Oil & Gas, GLC and Properties. If you look at the oversupply of properties in every town and city in Malaysia, only stupid investors will buy these shares although some of them are still showing good profit due property sale of previous years. But they will not show increasing profit in the coming years.



As a co founder of Mudajaya, Gamuda and IJM Corporation Bhd. I have more than 50 years of doing business experience. Like all clever and successful business men, I carefully examine the future profit growth of the companies before I buy the shares even though they are showing losses last year.



For examples, in the last few months I have been slowly accumulation JAKS and Eversendai. I am now the controlling shareholder of JAKS and I hold about 50 million Eversendai. I dare to buy them even though they show losses last year. The 2 price charts show how well they are performing.



You may like to know my track record. I have been substantial shareholders of Latitude Tree and VS Industry. Latitude went up more than 800% and VS went up about 600%. I sold some of my holdings to buy JAKS and Eversendai.



I am the 2nd largest shareholder of Lii Hen which went up more than 800% in the last 3 years. I am still a substantial shareholder.



The definition of the word substantial shareholder is that the shareholder must own more than 5% of the total issued shares of the company.



I strongly believe JAKS and Eversendai will perform like Latitude, VS or Lii Hen in the near future. I am obliged to tell you not to buy these shares which I am already a substantial shareholder. But if you do, you are doing it at your own risk.

Goreng stock pulak, last time kata lousy stock. Buy when people panic at 53sen, and sold at 58sen..menyesal ke run awal2 ?

Dont make people panic lor..

KYY is new investor in Eversendai. Hope for long term investor..

Translate la..hehe

AK kena mula start jual saham dia, mungkin boleh push guna share buy back. 10% tu banyak, boleh push sampai RM2. <Harga yang AK nak jual> Kemudian lepaskan sahamnya secara berperingkat.

Saham float tak sampai 18%.
Baki 82%. 30 major shareholder pegang.

Dalam 82% tu, AK pegang 71%. Maknanya 11% major shareholder lain termasuk tabung haji, KYY dan sekutunya pegang.

Take a break first..too hot..

Haha. Come on. 600%..lol !

Honestly, better slow and steady, no need to rush. Got 1 month b4 Q1 out..

News about Sendai banyak keluar media indonesia sekarang, mungkin juga tokey2 indonesia bangun pukul 4. HE HE.

Rally till raya la. Hehe..

Slow and steady, like gadang before..

Kenapa AK Nathan tak suka annouce job yang mereka dapat ? kena langgan newsletter berita O&G online baru dapat tau..sekarang dapat banyak projek dengan company italy Rosetti Marino. Terbaik..

http://www.upstreamonline.com/hardcopy/1220106/eversendai-starts-work-on-fabrication-job-for-south-pars

Eversendai starts work on fabrication job for South Pars

Eversendai Offshore of the United Arab Emirates is working on a fabrication job awarded by Italy’s Rosetti Marino covering a new wellhead platform jacket for Iran’s South Pars gas field.

3 Mar 2017 00:00 GMT
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Industry sources said Eversendai, which has a yard in Ras al Khaimah, recently started work on the 3300-tonne offshore wellhead jacket. “They (Eversendai) cut steel for the Iran project at their (Ras al Khaimah) yard, and the jacket is likely to be installed during the second half of this year,” a source said.

In addition to the offshore jacket, the fabrication workscope also includes riser pipes, J-Tubes, ballast tank structures four piles and other associated structures.

It is understood the new jacket is part of South Pars Phase 13 development and will replace an existing jacket said to have been damaged last year when an oil tanker collided with the structure. Pars Oil & Gas Company is said to be funding the costs of the new jacket via an insurance claim related to the tanker collision.

Rosetti Marino was believed to be the first foreign company to have won a turnkey contract from Iran since the relaxation of energy sanctions when it was awared the South Pars jacket order by Petro Paydar last year.

Q1 Report keluar hujung bulan depan, ada masa sebulan lagi, mungkin boleh pergi RM1 sebelum Q report keluar, dan jika Q report tunjukan peningkatan, akan berlegar atas RM1. Come on sendai !

I Hope TNB can give sendai chance to built power plant in indonesia as main contractor.

www.nst.com.my/business/2017/04/233403/tapping-indonesias-power-supply-mart

KUALA LUMPUR: MALAYSIAN utility giants’ intent of building power plants in Indonesia could materialise sooner than expected as the Indonesian government is easing way of doing business and simplifying regulation processes.

Indonesian Liaison Minister in charge of bringing Malaysian investments Eko Putro Sandjojo told NST Business that any regulation process that can dampen foreign direct investments would be looked into.

For example, Indonesia was now in the midst of allowing the import and export of power supply with other countries.

NST Business understands that Tenaga Nasional Bhd (TNB) would resume its US$1.6 billion (RM7.08 billion) project plan in Riau, Sumatera, in a partnership with Indonesia’s PT Perusahaan Listrik Negara (PLN) after hitting a snag early this year.

A potential coal power plant project in North Kalimantan to provide cross-border supply of power to Sabah and Indonesian market could join the Riau prospect as TNB’s latest entry into the republic.

The Indonesian government’s call for smoother investment processes could also positively impact YTL Corp Bhd’s US$2.6 billion second power plant in Tanjung Jati and Eversendai Corp Bhd’s desire to build a power plant there.

Eko was, here, last week for the Indonesia-Malaysia business networking session, where he had private meetings with Federal Land Development Authority (Felda), TNB, YTL Corp and Eversendai, among others, to discuss their respective projects and plans in Indonesia.

He said Indonesia aims to replicate the same win-win situation model like that of Felda’s 37 per cent stake acquisition in PT Eagle High Plantations Tbk (EHP), where the latter benefited from the former’s investment and expertise.

Eko, who is also Indonesian Rural Minister, said he was thankful and welcomed Felda’s US$505 million (RM2.2 billion) investment into EHP as it could help develop the rural areas.

The country, he said, was committed to addressing other challenges of doing business, including bureaucracy and finding the right partner as it sees Malaysia as one of its key investors.

The Indonesian daily news portal, Metrotvnews previously reported that the Indonesian government was hopeful of attracting 20 trillion rupiah (RM6.6 billion) worth of investments from Malaysia.

“The president was keen to bring investments into Indonesia. He has appointed 12 ministers to solve problems of doing business in the country. My job is to take care of Malaysian investments into Indonesia,” said Eko.

“We are in the midst of deregulating and have 13 or 15 economic packages to make it easier to do business in Indonesia.

“In terms of ranking in doing business, we had jumped from the 106 position to 91 and hopefully we would improve further,” he added.

Up so much ? Come on, this share was rm1.70 back then. That time revenue only RM1B with RM100mil profit.

Now, with target revenue RM2B, we hope sendai can show some improvement on profit margin.

More to come ! If Q1 show good improvement next month, easily can break RM1..

Baru 50%, biasa kyy lepaskan bila dah naik 600%. He he

Slow and steady... Lepaa ni power plant di indonesia.. stay tune..

Slow and steady...

If really can get 2.5billion new contract. Rm1.50 -RM2 should be no problem.

Wow, Eversendai target RM2.5B new contract this year. Kenanga nampaknya berhati2 dengan sendai, harap harap AK Nathan dapat buktikan beliau benar kali ini.

EVERSENDAI Corp Bhd said its revenue should grow more than 27 per cent to RM2 billion this year, although a local research house is not as optimistic.

Eversendai executive chairman and group managing director Tan Sri A.K. Nathan told NST Business the company was expected to post a 27.39 per cent revenue jump from RM1.57 billion last year.

“We have strong footing in the Middle East, India and Southeast Asia. All these projects will contribute to the company’s growth.

“We should be able to keep the momentum going and this year’s financial performance should be better than last year. Our focus now is to make sure that we get better financial performance quarter-on-quarter.

“We have strong order book and this should translate to RM2 billion turnover by the end of the year. This is our target and we are hopeful of achieving it.”

The company’s order book currently stands at RM3.2 billion.

Eversendai’s RM1.57 billion revenue last year was down from RM1.79 billion in the preceding year due to earnings dip from the Middle East and its oil and gas (O&G) division.

Meanwhile, Kenanga Research has forecast a lower revenue of RM1.69 billion for Eversendai’s 2017 financial year.

The research firm, in a recent report, also downgraded its earnings forecast for Eversendai’s 2017 financial year by 33 per cent after factoring in lower margin assumptions from its Middle Eastern, Indian and O&G operations.

“We have taken a more conservative stance and assume order book replenishment target of RM1.8 billion from Eversendai’s (target of) RM2.5 billion this year. While we applaud Eversendai’s ability to secure jobs, we feel the company has been overly-
engrossed in securing jobs, neglecting the profitability of the group,” said Kenanga Research.

Year-to-date, Eversendai has secured RM801.4 million worth of contracts.

Kenanga Research also downgraded Eversendai’s call to “underperform” from “outperform” previously, with a lower target price of 42 sen.

Contract sign later this month. News maybe out 1 week before Q1 out. Hehe.

Contract value usd100 mil, Sendai job scope 30% = usd 30mil = RM130 juta.

Tahniah Sendai !


Qatargas job for Rosetti

5 Apr 2017 10:48 GMT
Italy’s Rosetti Marino has won a key engineering, procurement and construction contract from Qatargas covering a new offshore living quarters platform for its North Field Bravo facility off Qatar, writes Nishant Ugal.

Sources close to the tender process told Upstream that Qatargas recently confirmed the much-delayed award to Rosetti and a formal contract is expected to be signed later this month.

They did not confirm the contract value, though one source suggested the job could be worth between $100 million and $110 million.

United Arab Emirates-based Eversendai Offshore is understood to be partnering Rosetti for the contract and will likely take on fabrication work, with one source suggesting its work component is expected to be 30% to 40% of the job.

Upstream reported last month that Rosetti had moved into pole position for the contract.

The initial bidding process had started in 2015, but was delayed on several occasions.

However, Qatargas revived the tender last year and extended bid validity until March 2017, with five consortia submitting revised commercial bids.

Malaysia’s SapuraKencana was thought to be the second lowest bidder, but this could not be confirmed.

Others that participated included a consortium of US giant McDermott and Nakilat Keppel Offshore & Marine, India’s Larsen & Toubro (L&T) and a consortium led by Qatar Engineering & Construction Company.

The workscope includes design, procurement, fabrication, installation and commissioning of a new living quarters topsides and associated jacket, together with brownfield modifications to the existing facility.

The topsides is likely to weigh about 2500 tonnes, the jacket 1800 tonnes and piles another 900.

The living quarters project envisages additional accommodation for 90 people, in 45 cabins of two people each.

MIDDLE EAST

http://www.reuters.com/article/malaysia-press-eversendai-idUSL4N0J704A20131122

this article, that time price was 1.40-1.50, revenue was around RM1B only, but good profit margin.

if at price RM1.40 still he dont want to sell, what u think at price of RM0.70 ?

the problem is AK dont want to sell his share below rm2. so how new investor want to come in, have to wait share price surpass RM2, AK sell part of its share, and then we will see more international management..

The problem is AK Nathan do not want to sell his share below RM2.00, in other hand, many potential investor want AK Nathan to reduce his share which currently 70%..they want more liquidity and floating share..but the current share price is too low for AK.

come on..do some magic.. RM1 before Q1 result at end of may?

http://m.timesofindia.com/india/malaysia-pm-to-sign-pacts-worth-5bn-during-india-visit-in-april/articleshow/57821407.cms?utm_source=toimobile&utm_medium=Facebook&utm_campaign=referral

Aagak2 eversendai ada menang bid juga tak ?