KUALA LUMPUR: Eversendai Corporation Bhd’s subsidiary has secured a RM44mil contract in Dubai to construct the structural steel works for the Nas Indoor Futsal and Volleyball Arena.
The engineering and construction services company said on Monday the new arena would have a gross capacity of 5,000 seats, which will be used to host international tournaments.
Eversendai said its track record and technical expertise in the industry were critical in securing this contract.
Its executive chairman and group managing director Tan Sri AK Nathan said the contract showed the company remained a strong player in the industry.
"This multi-billion US dollar project will keep the construction industry busy for the next three years or so," said the general manager, "so fears of any slowdown are wrong." Abu Dhabi will continue with its projects, said Al Awadhi, as the construction cost is likely to go down up to 30 per cent, on lower construction material costs.
Sendai is slowly but surely moving up. It had secured a no. of projects and is aiming for more projects in the Middle East. It is collecting time now & hold ...
research house still not convince despite sendai already bagged 3 contracts this year. sendai need to improve its deteriorating margin. hopefully next Q result will show some improvement, hence the confidence from investors.
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.
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”.
Bad time was over. SENDAI will fly in 2015. more contract will be awarded. buy now n will get very very big christmas gift year end. target price rm 1.02 /.
sendai is moving against the backdrop of weak market sentiment, breaching above 0.75 will confirm bullishness and will scale higher towards 0.80 level.
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....
bjgdila123
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Posted by bjgdila123 > 2015-01-03 21:45 | Report Abuse
Hampeh punya kaunter saya tunggu 0.10