WZ-SATU, company name itself is like cartoon. I pass and wish it can survive without government assistance in getting contracts by using strong arm tactic.
moneykj I buy Sendai becos I bet Sendai will announce satisfactory results. Just like I bot Vis last 2 days bet on it will have some action these few days. Also waiting to enter Lbalum bet on it will announce best ever results next month. 19/05/2017 08:16
ABOVE IS MY COMMENT ON 19/5 SENDAI AND VIS ALREADY MOVED. TOMORROW GO TO BUY LBALUM TO ENJOY THE RIDE.
sam, tak habis2 u kata trap.. dia jual beli, semua ada lapor pada sc, ada pengumuman, his know the potential of this company, kita yang bilis2 ni takut sangat, dia dah invest lebih RM 50 juta.
Malaysia’s Eversendai Expects To Return To Profit This Year-Chairman
KUALA LUMPUR (Jun 13) -- Eversendai Corporation, a Malaysian specialist structural steel construction company, expects to return to net profit in 2017 following cost-cutting measures backed by higher orders from the Midde East, its executive chairman said.
The company will delay capital-intensive expansion, while focusing on securing more contracts and delivering existing orders totalling 3.2 billion ringgit over the next two years, A. K. Nathan told Nikkei Markets in an interview. Margins could widen to 15% from last year’s “single-digit” partly through cost control, he said.
“If margins are not attractive in one region, we will move to other markets,” Nathan said, “Like in the Middle East, when it comes to (steel structures of) high-rise buildings, no one can compete with us.”
Saudi Arabia, Egypt, the United Arab Emirates, Bahrain and Yemen snapped ties to Qatar alleging the monarchy, which controls the world’s largest natural gas reserve, is undermining regional stability by supporting militant groups linked to Shia-majority Iran.
The political rift could prompt clients to turn to Eversendai and lift revenue contribution from Middle East to as much as 65% from 60% in 2016, Nathan said. That could in-part help the company achieve total revenue target of 2 billion ringgit ($468.82 million) this year, he said.
Local contractors working on projects in opposing states are now expected to withdraw, paving the way for Eversendai to step in, Nathan said. Eversendai currently has projects in Qatar, Saudi Arabia and the United Arab Emirates.
“Some projects we lost were awarded to companies in countries being affected by this issue. We could very well get back those projects. I’ve already gotten calls from a few clients in the Middle East asking ‘Hey, can you take this up?” said Nathan.
Eversendai swung to net loss of 257.5 million ringgit last year mainly due to impairment charges while revenue fell 12% to 1.58 billion ringgit from 2015.
A major portion of the impairment charge arose from delays in securing financing for its Aryan liftboat project. Another investment in Technics Oil & Gas that turned sour after the Singaporean company was placed under judicial management also added to impairment charges.
Vahana Holdings, which owns a 72% stake in Eversendai, is currently in talks with potential clients to secure a charter contract for Aryan, Nathan said. A deal could be secured in the coming quarters, he said without elaborating. Vahana Holdings is largely controlled by Nathan.
Analysts, including Kenanga Investment Bank’s Lum Joe Shen, have previously flagged a potential impairment risk from any delay in securing financing for its second liftboat project Arjun.
Liftboat refers to self-propelled, self-elevating vessel that typically carry equipment and supplies to support offshore mineral exploration and production or offshore construction activities.
“Once we secure a charter for the first liftboat, it’ll be easier for us to secure financing for our second liftboat,” said Nathan.
Shares of Eversendai, which have gained 91.15% over the past 12 months, were last trading 4.9% higher at 1.07 ringgit apiece.
iQie, this is around Rm 0.40 per share. For the big picture it does not matter if this 300 mio profit will be made in 2017 or 2018. When calculating with a PE 8-10 the TP has to be adjusted to Rm 3 -Rm 4. KYY has seen this very sharp and will again make his 600% profit. The last shares he bought were about Rm 1,30 and he only buys when he can make substantial profits. The other option is that KYY and Nathan will try together to sell the company to a third party (but also then Rm 3 - 4 or more) or do a take over bid (possibly well below Rm 3-4 but much higher than current price). In all cases Sendai will fly
@coecoe yeah, in that article they want to delay capital intensive and want to secure more project first. i think they will go 2nd option..create good portfolio and seek potential investor from india or gulf country to expand their businesses..
This earlier article (June 7) supports "digger888"s article ....
Eversendai executive chairman and group managing director Tan Sri A K Nathan said it is business as usual at the group’s fabrication facility in Qatar, as its operations there do not have any dealings with the other countries that have cut off ties with Qatar.
“The Qatar fabrication facility executes projects for the Qatar market and not for exports, so there is no impact to our businesses there as it is pretty much centralised.
“We also view it as an advantage — we could bid for jobs given to one of the countries that have cut ties with Qatar, since we have a factory there,” he told The Edge Financial Daily.
Hong Leong Investment Bank research analyst Jeremy Goh said Eversendai’s exposure to Qatar is minimal. “Eversendai’s exposure to Qatar is not too significant. About RM140 million of its RM3.2 billion or 4% [of its] order book is based in Qatar. Generally, while there is exposure in Qatar, it is not concentrated there per se in the bigger scheme of things,” he told The Edge Financial Daily.
This article first appeared in The Edge Financial Daily, on June 7, 2017.
Mr Koon's posting on JAKS (June 26th) should also apply to Sendai .... ....the number of shares owned by the thirty largest shareholders should not be overlooked as it tells you the maximum percentage of shares left floating in the market currently. The lesser number of shares circulating in the market, the faster the share price soars when the business is performing better in the future. Further, you will be well-rewarded if you spot any super investors or gurus owning the stock and if you buy it below its intrinsic value.
Mr Koon's posting on JAKS (June 26th) should also apply to Sendai .... ....the number of shares owned by the thirty largest shareholders should not be overlooked as it tells you the maximum percentage of shares left floating in the market currently. The lesser number of shares circulating in the market, the faster the share price soars when the business is performing better in the future. Further, you will be well-rewarded if you spot any super investors or gurus owning the stock and if you buy it below its intrinsic value.
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....
iQie
756 posts
Posted by iQie > 2017-06-20 11:35 | Report Abuse
nvm, congrats for handsome profit.. there always be newcomers here..roadtoRM2..hold tight..
hopefully valuecap see this company potential..