When the price dip, as usual they will be many sifu come out to sing song , talk as if they are the stock guru that they know the direction of the price and advise people how to invest. Balik lah
In stocks market there is no genius. Even sometimes good fundermental stocks fare lesser than stocks with bad QR but continue its upwards trend . The most important is the trend that counts and same time stocks that attracts investors with profits earnings.
I don't actually pay too much attention on stocks fundermentals . I preferred to follow the trend and adjust to the conditions of the market runs up .
sendai result will be a big red, just like it always has been
they know how to dance and sing, but come to project execution, it is all red, red, red
they also have two gigantic oil and gas vessels pending delivery soon (they own it, not building it) which are not secured by charter. What are they going to do with two idle ships ? dance and sing on them ?
@Ks55 Who is Angelene Chan?? Dubai Mall owner or just another jealous syndicate people out to slander? If Sendai did a bad job, it cannot survive in Middle East. A bunch of sharks preying to discredit Sendai. This happened 2 years back when it rose to 1.05. This is second time Sendai pulled back from 1.05. Anyway, real action begins next week. Accumulate !!!!
when kyy promoted this stock, it raised. no research house come out and say anything but after it dropped to current price. So many negative comments come out.
TP by HLIB this morning restated at Rm 0.58. I have the impression that advices of HLIB are already known by 'insiders' before they come out. This could explain partly the price drop of last couple of days.
This kind of half past six chairmans. should be send to jail. They are there as freeloaders and don't add any value to company but to empty the coffer. Too many of them in this country, no wonder stocks are not attractive and doesn't move much. GLCs, when come to annual report, hike up prices of necessary goods and services with government's backing and claim "big profit". What a joke. Even company profits need government backing..hahaha..
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.
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.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
undertaker
146 posts
Posted by undertaker > 2017-05-17 12:32 | Report Abuse
Someone know the location of Sendai AGM next Thursday?