Stock Name: SENDAI
Company Name: EVERSENDAI CORPORATION BERHAD
Construction laggard. Eversendai's share price has barely moved since its IPO in Jul 2011, while the local small- mid-cap construction stocks has run up 44% YTD. 2012 earnings are already in the bag, given its outstanding order book of RM1.9b. We believe a re-rating will materialise as company consistently secures new wins and delivers on earnings growth. Maintain Buy and TP of RM2.17 (12x CY12 PER).
Maybank Research 20 March 2012
Click here for full report
Company Name: EVERSENDAI CORPORATION BERHAD
| Research House: MAYBANK | Price Call: BUY | Target Price: 2.17 |
Construction laggard. Eversendai's share price has barely moved since its IPO in Jul 2011, while the local small- mid-cap construction stocks has run up 44% YTD. 2012 earnings are already in the bag, given its outstanding order book of RM1.9b. We believe a re-rating will materialise as company consistently secures new wins and delivers on earnings growth. Maintain Buy and TP of RM2.17 (12x CY12 PER).
Maybank Research 20 March 2012
Click here for full report
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