Analyst Research Report Snapshot

Title:

Flash Note - Eversendai (BUY, maintain) - Secured US$28.5m project in Azerbajia

Price:

$12.00

Provider:

Affin Investment Bank

Date:

04 Mar 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

ESCB.KL

Available for Immediate Download
Summary:

Maiden structural steelwork contract in Baku, Azerbajian Eversendai announced that its subsidiary, Eversendai Engineering LLC has been conditionally awarded a contract for the supply, fabrication and erection of structural steelwork for the Crescent City project in Baku, Azerbajian valued at US$28.5m (~RM87.3m). The scope of works includes connection design, preparation of detailed drawings, raw material supply, fabrication, blasting, primer, application of cementitious fireproofing, installation of the structural steel works, supply and installation of composite metal decking. The contract is expected to be completed in August 2014, i.e. ~17 months.

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