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