Midf expects sendai revenue will improve 12% to 23% this Quater...Hope the profit improve too..especially profit margin..


http://www.theedgemarkets.com/my/article/midf-research-expects-eversendai%E2%80%99s-1qfy15-earnings-improve-12-23-year-year

Come On Sendai..You Can Do it..

Rapid package 14 open for pre-qualification bid
Wednesday, 13 May 2015
By: NG BEI SHAN

PETALING JAYA: Petroliam Nasional Bhd (Petronas) has called for a pre-qualification bid for the construction and commissioning of steel structure, piping, mechanical equipment, electrical and instrumentation installation, insulation and painting works for the Refinery and Petrochemicals Integrated Development (Rapid) project.

Analysts expect oil and gas related services players such as Eversendai Corp Bhd, Muhibbah Engineering Bhd and KNM Group Bhd to bid for package 14 that was open for the pre-qualification exercise on Monday.

When contacted, Eversendai executive chairman Tan Sri AK Nathan said the steel structure specialist would put in its bid.

“We have the capability to handle the steel and mechanical works,” he said.

Previously, he had said that the company was eyeing fabrication and construction works worth RM2.5bil at the RM89bil Rapid project.

However, the value for package 14 of the integrated petrochemical facilities project at Pengerang, Johor could not be attained at press time.

Meanwhile, Muhibbah was reportedly tendering for RM1bil worth of jobs there whereas KNM had secured jobs valued at about RM1bil. Another potential beneficiary from this package could be Pantech Group Holdings Bhd, which makes pipes and fittings for the oil and gas sector, said an analyst.

Petronas said the pre-qualification document was available for purchase and collection from Monday until May 21.

The tender is open to any Malaysian or foreign company or a consortium of companies with relevant experience and resources.

“Foreign applicants are encouraged to partner with Malaysian companies to participate in this pre-qualification,” it added.

Keep calm..mungkin esok hijau balik..oil dah rebound..setakat ini pak arab takde kata nak slowkan project..

Flush...clear all contra player..

Keep calm..

Volume pun 2juta je..tak byk, tidak usah panic..

Nak call out apa, ini company dia punya, mungkin sbb material ligitation, tapi dia dah kata konfiden boleh menang..rileks..tggu Q1 report mcm mana..

Muhibbah dah jalan, lepas ni sendai..

AK simpan news bulan ini, bulan depan mesti dah susun news cantik2 sekali dengan Quaters Report.

i hope my prediction comes true.. ^_^

Wow.. Good news ahead ?

oil price rebound...Eversendai should rebound too..hehe

Not this month, next month, Q1 TP 0.90..Long term (this year or early next year) TP 1.20~1.50

Just wait until end of next month,, Q1 result out..boom !

Just collect and wait at the end of next month. Q1 report will out, i think it will be the best Q result since 2013. Remember, AK said SENDAI will be high dividend stock !

==================================================================

Eversendai To Secure RM2b New Orders
P Prem KumarMonday, March 9, 2015

Structural steel and turnkey contractor Eversendai Corp Bhd plans to secure more than RM2 billion worth of new orders this year, thus breaking its previous record of RM1.6 billion set in 2010.

With RM618 million worth of jobs secured in the first two months of 2015, Eversendai executive chairman Tan Sri AK Nathan was upbeat on creating yet another record year, thanks to higher number of projects up for construction in the Middle East, India and Malaysia.

“The orders do not stop there. In fact, we are going to sign a few more projects in the coming weeks. I will not be surprised if we even hit more than RM2 billion,” he told The Malaysian Reserve in a recent interview.

Since January, Eversendai has secured four projects worth RM618 million, one each in Qatar, Malaysia, India and Dubai.

The projects were structural steel works for the Nas Indoor Futsal and Volleyball Arena in Dubai, Reliance Convention Centre in India, PKT Logistics’ fourth generation warehouse dubbed the 12 Waves, and the Al Wadha Arches and Visitors Centre in Qatar.

Looking at the whole construction industry, Nathan said many countries are now comfortable to launch their planned infrastructure projects as they progressively move out of the insecurity caused by the gloomy global economic uncertainty.

“Every region has its economic cycle and after the 2008 financial crisis, countries and large corporations have taken some time to turn around,” he said.

The Middle East remains Eversendai’s main source for new projects with Dubai, Saudi Arabia and Qatar expected to dish out mega-projects in the second-half of this year and 2016.

Among the main future projects are the Dubai Expo 2020 Centre, 11 stadiums in Saudi Arabia and Qatar's FIFA World Cup-related works.

Nathan said Eversendai is also confident of winning a few domestic contracts, particularly steelworks jobs for Warisan Merdeka Tower, the Refinery and Petrochemical Integrated Development or Rapid in Pengerang, Johor, and the proposed Tun Razak Financial Centre.

India also looks very promising for Eversendai, said Nathan, as the steel fabricator aims to build a good working relationship with Indian multi-industrial giant Reliance by completing the convention centre project on time. “India, under the new pro-business government, is also very appealing for companies like Eversendai as we are welcomed more to undertake jobs in the country.

“We have been in India in the past five years. We have the platform to take up more projects,” he said.

On another note, Nathan expressed surprise at the Employees Provident Fund’s (EPF) move to sell 1.84 million shares in Eversendai from Dec 24, 2014, to Jan 2, 2015. The disposal cut EPF’s shareholding to 56.85 million shares or 7.35% in Eversendai.

“It is up to them (EPF). Financial institutions have their own investment strategy and I have no say on it. As far as I know, EPF has high regards on the company and its future.

“Yes, they sold some shares which I was also surprised. But my concern is, why sell when Eversendai is going to do well? 2015 and 2016 are going to be great years for Eversendai,” Nathan said.

He also said Eversendai aims to pay dividend for the financial year ending 2015 while there are plans to pay higher dividend every year to benefit its retail and institutional investors.

“We want to be a very good dividend paying company,” he said. On its share price, Nathan said: “To be frank, I don’t bother looking at the share market. If you ask me what is the price today, I wouldn’t know, because the share price does not reflect the company’s real potential.

“I have decided to continue to secure more projects for the company and pay higher dividends every year. Eventually, the share price will have to move up as one cannot be holding at this price for a long time.”

Eversendai was listed on July 1, 2011, with a final institutional price of RM1.70 and a 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. In the last 52 weeks, Eversendai share price was hovering between 48.5 sen and RM1.14, while average price target by fund managers and analysts stood at 78 sen.

The share closed at 70 sen last Friday.

Nathan also said he will not reduce his 72% stake in Eversendai unless the share price hits “a respectable price”.

“I had planned to reduce my stake before this. But only the price is not right. If the price goes to a comfortable level, I will perhaps reduce my stake by another 20%,” he added.

http://themalaysianreserve.com/new/story/eversendai-secure-rm2b-new-orders

RM 1.50 in the making.. cant wait to see Q1 report..

Maybe after annual report release they will update..hehe..like they said, this is just a beginning..

eversendai website has a new look.. Great ~

http://www.eversendai.com/web/

Biasalah harga saham turun, volume kecil. Nanti news keluar naik balik..step by step..naik terus kena uma pulak. Sebelum dah naik dekat 50% dari 50sen sebelum ini. Nak naik lagi 50% makan masa jugan

1.25 sen. bulan 7 baru masuk account.

retails only 8.4 %..

Speculator, siapa mahu goreng ? Kaunter ini jerung tak minat sgt.

Hope TP 5 can be achieve.. RM1.27

miss the moment when price is RM 1.50~ RM 1.60.. will sendai make comeback ?

ada news barang IT kurang sales lepas GST, ceo saja nak goreng ni...

TP berapa spaghetti ?

Hujung2 baru nak gerak.. siapa Q 4000lot tu ?

as i said, sendai revenue for this year (Q1 to Q4) will be at lease RM1.5 billion (as march)... And still counting...

Hari lemau. Ada petanda apa2 ke ?

Sharemaker : for member only, can give the summary ?

AK Nathan, ceo, owner and major shareholder..

Long term bullish.. oil price sentiment only.. AK said they confident to achieve RM 2 bil new contract this year..

Today T4, looking foward for tomorrow.

0.6 is normal.. they never fail to pay back.. and most of them are islamic sukuk. Low interest.

Yes. Once they secure third party project... Boom! AK son, Narish Still Owe their Word.. At lease 4 Job from O&G division (Rig). But he still have time..

Maybank TP : RM0.87
HLG TP : RM0.98
Kenanga TP : RM0.90
TA TP : RM1.10

To date. Revenue This year will be AT LEAST ~RM1.5 billion (if they don't secure any project after this) (highest since 2010)

Base of my calculation (as 16/03/2015):
2015 order-book run rate = RM 1.49 Billion x (4%PATAMI margin) = ~RM60million Profit.
2016 order-book run rate = RM 764 million
2017 order-book run rate = RM 25.4 million

More to come. They are targeting to secure at least RM 1.6 billion new contracts this year. (To date RM863mil, half way to go)

Baru 80 sen.. dulu harganya 1.70 !

With this contract, i'm sure orderbook have reach RM2 billion !

It just a begining.. more to come !

EVERSENDAI WINS RM 246 MILLION SAUDI CONTRACTS

Kuala Lumpur, 16 March 2015 – Eversendai Corporation Berhad, a provider of specialist
engineering and construction services has won 2 new contracts worth RM246 million
through its subsidiary company in Saudi Arabia.

The first contract valued at RM203 million; awarded by the BACS Joint Venture comprising
of Saudi Arabian Bechtel Company, Almabani General Contractors and Consolidated
Contractors Company WLL, is to construct the East, North & South Depots of the Riyadh
Metro project - Package 1 (Lines 1 and 2) for the Riyadh Development Authority.

The Riyadh Metro is a rapid transit system and is part of the Riyadh Public Transport Project
(RPTP). The new metro system will fulfil the demands of the growing population and will also
reduce traffic congestion and improve air quality. The scope of work undertaken by
Eversendai includes connection design, supply, fabrication, erection of steel work,
application of intumescent fire proofing; inclusive of complete envelope cladding works for
roofing and walling, and is scheduled to be completed by October 2016. This steel work
package is the first of the steel works package in this Riyadh Metro development and
Eversendai is optimistic of securing more steel works packages in this USD22.5 billion mega
project.

Terbaik, 246 juta dari saudi ! Rm2 bukan lagi angan2.

lagi cepat EPF blah, lagi baik... we need more liquidity, sebab Ak mmg takkan jual saham dia.

harap-harap hujung bulan ini boleh close above RM1.00

Oil price drop ? Keep calm and spend...

http://www.dailystar.com.lb/News/Middle-East/2015/Mar-15/290834-qatar-200b-spending-spree-on-track-despite-oil-price-drop.ashx

This year, they target to achieve highest order-book ever. If they can achieve it, sure RM 2!

wait next month. New Contract secure.. seem like new CFO doing great..

NTA 1.18
P/E 15

Current Oderbook : Near 700mil ( 2month !)

Apa lagi mahu ? TP RM 1.50

More jobs Win ! RM2 Coming...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1890513

EVERSENDAI WINS LANDMARK CONTRACT IN QATAR

Kuala Lumpur, 2 March 2015 – Eversendai Corporation Berhad, a provider of specialist engineering and construction services has secured a new project worth RM269.2 million through its subsidiary company in Qatar.

The contract is for the construction of the Al Wahda Arches and Visitors’ Centre in Doha, Qatar. Eversendai was the only pre-qualified company from the Middle East involved in the international bidding of the project; going up against competitors from Korea, Italy and France. The Al Wahda Arches are the main segments of the Artscape works which are part of the Lusail Expressway project. It will consist of two arches with a visitors’ centre suspended beneath it. The bigger arch will have a length of 146.52 metres and a maximum height of 98.79 metres while the smaller arch will span across 139.84 metres in length with a maximum height of 77.56 metres. The suspended visitors’ centre will measure approximately 85 metres in length and 21 metres in height.
The scope of work being undertaken by Eversendai includes connection design; steel material supply; fabrication and erection of the steel arches; installation of the cable net and hangars; as well as the 4000-tonne strand jacking of the visitors’ centre to a height of 40 metres and hanging it through hangars and cross bracing cables from the arches. This project is scheduled to be completed by June 2016 and upon completion, it will be rated as one of the most prominent landmarks in Qatar. The Al Wahda Arches and Visitors’ Centre are expected to be an innovative and popular tourist attraction and can be accessed by cable car.

Tan Sri A K Nathan, Executive Chairman and Group Managing Director of Eversendai, said: “The Al Wahda Arches and Visitors’ Centre is a long awaited project in Qatar and our success in winning this contract simultaneously reasserts Eversendai’s strength in the Middle East and Qatar in particular. Our achievement in securing this contract also stands as a testament of our tenacity in this region and our expertise in executing highly complex structures. We will continue to uphold our core values of compliance to safety, conformance to quality, adherence to schedule and ensuring consistent client satisfaction as we take advantage of the many opportunities in the Asian and Middle Eastern regions”.

He added, “We have had a good beginning in 2015 by successfully securing projects worth RM618 million in the first two months of the year and this is just the beginning. There are more projects in the pipeline which are at the final stages of negotiation and will be announced in the near future. With the progress that we have made, we are positive that we could anticipate a fruitful financial year in 2015 and onwards as concerted efforts have been set in place to realise our true potential by securing new contracts on a global scale. We will relentlessly pursue our ambition of expanding our business by evolving in our existing and targeted business segments and geographical territories”.

Today should be RM1.00

Tunggu Q4 report je hujung bulan ni, tgk AK cadang nak bagi dividen berapa, kemudian tgk margin untung, jika ok tak mustahil TP boleh pergi RM1.50-RM2.00 mcm sebelum ini.

nice...RM1.50 on the way...