Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


HLIB Research maintains Buy on Eversendai, ups target to 98 sen

Bursa Community :: Community News

Go down

HLIB Research maintains Buy on Eversendai, ups target to 98 sen Empty HLIB Research maintains Buy on Eversendai, ups target to 98 sen

Post by Cals Wed 18 Mar 2015, 01:31

HLIB Research maintains Buy on Eversendai, ups target to 98 sen




By TheEdge Markets.com / theedgemarkets.com   | March 17, 2015 : 8:30 AM MYT   

KUALA LUMPUR (March 17): [size=14]Hong Leong IB Research has maintained its “Buy” rating on Eversendai Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) at 81.5 sen with a higher target price of 98 sen (from 83 sen) after the company secured two jobs in Saudi Arabia totaling RM246 million.

In a note Tuesday, HLIB said Eversendai’s year-to-date job wins were strong at RM864 million, and that it was gunning for RM2 billion this year.

“Orderbook estimated at RM2.3 billion, implying 2.3x revenue cover.

“Maintain Buy with higher target price of 98 sen,” it said.
[/size]
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum