United States

Analyst Research Report Snapshot


Results Note – Eversendai (BUY, maintain) - Results within expectations, share price rebounding




Affin Hwang Investment Bank Bhd


21 May 2013





Companies referenced:


Available for Immediate Download

1QFY13 revenue declined by 2.3% YoY and 11.4% QoQ Eversendai’s 1QFY13 revenue declined by 2.3% YoY to RM243.2m mainly due to lower billings for projects in the Middle East and India. QoQ, 1QFY13 revenue declined by a sharper 11.4% mainly due to timing of finalisation of orders in the Middle East. Billings from Malaysian projects however surged by 74.8% YoY and was flat QoQ. Middle East operations (UAE, Saudi Arabia, Qatar and Oman) continued to dominate, accounting for 65.3% of group revenue, followed by Malaysia (21.0%) and India (13.7%).

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.