sendai future look very dark, for me not worth to take the risk..
“The second lift boat which is at circa 55 to 60 per cent completion and scheduled for delivery by the first half of 2018 (1H18) may be delayed to a later date given the longer than expected duration for certification as well,” added the research arm.
While it is understood that Eversendai’s lift boat client – Vahana Holdings Bhd (Vahana) – has already obtained conditional financing for the first lift boat, the research arm guides that there is still a risk of impairment in FY19 should Vahana fail to secure a charter within 12 months of the boat being ready for delivery as banks will only release payments to Eversendai once a charter contract is secured.
Additionally for the second boat, the research arm is also weary that there is potential of it failing to secure financing, which could lead to the raising of risk of impairments for Eversendai.
With this in mind alongside Eversendai’s existing high gearing of 1.0 fold and historically volatile earnings, Kenanga Research has decided to maintain its ‘underperform’ rating on the stock with a lower target price of RM0.740 as they base their valuations at the lower end of their applied small-mid cap player’s range – 8.0 fold FY18E price earnings ratio.
Uncle is old and become perak economic adviser no time to look at share movement. At age of 84 and above should play with their grand children rather than pressuring themselve doing others..
market no more KYY phobia, now looking for KYY stocks....
Sendai is interesting in that last result is disappointing....but I do not know if they have accounted for sale of the lift boat.....can be a huge positive surprise in next result......
Must rmb that the banker will take profit almost at 50%.....of u count for average 0.65 - 0.75 this few day....u will noe their average is 0.7....they wont aim for just 10% profit if sell nw
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....
ray1980
2,992 posts
Posted by ray1980 > 2018-09-09 00:32 | Report Abuse
U can q buy slowly to less your risk on the weakness time market.If u have strong holding power.