Stock Name: SENDAI
Company Name: EVERSENDAI CORPORATION BERHAD
Another high-profile power plant job. Eversendai has clinched the mechanical erection work for Tg Bin, worth RM367m. No change to our forecasts, as we have imputed potential job wins into our model. Additionally, we expect its upcoming 4Q11 results (due on 28th or 29th Feb) to meet our and street estimates. Despite the global economic slowdown, we still see more jobs flowing from government-backed projects. Maintain Buy and TP of RM2.17 (12x 2012 PER).
Maybank Research - 24 Feb 2012
Click here for full report
Company Name: EVERSENDAI CORPORATION BERHAD
| Research House: MAYBANK | Price Call: BUY | Target Price: 2.17 |
Another high-profile power plant job. Eversendai has clinched the mechanical erection work for Tg Bin, worth RM367m. No change to our forecasts, as we have imputed potential job wins into our model. Additionally, we expect its upcoming 4Q11 results (due on 28th or 29th Feb) to meet our and street estimates. Despite the global economic slowdown, we still see more jobs flowing from government-backed projects. Maintain Buy and TP of RM2.17 (12x 2012 PER).
Maybank Research - 24 Feb 2012
Click here for full report
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