KUALA LUMPUR: Maybank Investment Bank Research is maintaining its Buy call on Eversendai Corp with a target price of 80 sen, which is based on 12 times FY15 price-to-earnings ratio (PER).
It said on Tuesday Eversendai has secured the Al Wahda Arches and Visitors’ Centre project in Doha, Qatar. The contract is awarded by the main contractor Hyundai Engineering and is worth RM269mil, with job completion scheduled in June 2016.
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