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
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.
I feel it will go down some more... Yesterday only "Invest Malaysia" finished but no good news (exited) in mkt. Looks overall mkt is not good this week.
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....
Dylan1027
1,113 posts
Posted by Dylan1027 > 2015-04-01 15:00 | Report Abuse
what's going on with sendai? Keep dropping