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Hot Stock Eversendai up on upgrade, positive outlook
by Cals Sun 08 Mar 2015, 20:19
Hot Stock
Eversendai up on upgrade, positive outlook
By Surin Murugiah / theedgemarkets.com | March 6, 2015 : 9:38 AM MYT
KUALA LUMPUR (March 6): Shares of [size=14]Eversendai Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose after the stock was upgraded amidst positive outlook by analysts for the company’s prospects going forward.
At 9.11am, Eversendai rose 2.90% or 2 sen to 71 sen with 230,000 shares traded.
MIDF Research has upgraded Eversendai to Buy with an unchanged target price of 78 sen and said the company was expected to secure more than RM1.7 billion new contracts this year
“We maintain our FY15 and FY16 earnings forecasts as we are taking a conservative approach on its earnings outlook.
“However, we upgrade Eversendai to Buy recommendation with an unchanged target price 78 sen due to its recent share price weakness,” it said.
Meanwhile, HLIB Research said the worst was over for Eversendai with variation orders and high oil & gas startup costs being a thing of the past.
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Eversendai up on upgrade, positive outlook
By Surin Murugiah / theedgemarkets.com | March 6, 2015 : 9:38 AM MYT
KUALA LUMPUR (March 6): Shares of [size=14]Eversendai Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose after the stock was upgraded amidst positive outlook by analysts for the company’s prospects going forward.
At 9.11am, Eversendai rose 2.90% or 2 sen to 71 sen with 230,000 shares traded.
MIDF Research has upgraded Eversendai to Buy with an unchanged target price of 78 sen and said the company was expected to secure more than RM1.7 billion new contracts this year
“We maintain our FY15 and FY16 earnings forecasts as we are taking a conservative approach on its earnings outlook.
“However, we upgrade Eversendai to Buy recommendation with an unchanged target price 78 sen due to its recent share price weakness,” it said.
Meanwhile, HLIB Research said the worst was over for Eversendai with variation orders and high oil & gas startup costs being a thing of the past.
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