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Thursday, January 17, 2013

Eversendai Corporation Bhd (ESCB.KL)

Overview:
Eversendai Corporation Berhad (ECB) is engaged in investment holding and provision of management services to the subsidiaries. 
The Company’s through its subsidiaries engaged in steel fabrication, structural design, shop drawing services and steel erection
It provides some technical services, such as Structural design, Detailing works, Unfolding drawings and Value engineering services
It provides complete design services ranging from conceptual stage design to connection design for a range of structures using appropriate software. 
It also provides structural detailing works services
The Company has completed over 100 projects, including projects in 10 countries, such as Malaysia, Thailand, Philippines, Indonesia, Hong Kong, Oman, Saudi Arabia, Bahrain, Qatar and UAE. 
On August 28, 2012, the Company incorporated Vahana Constructions Sdn. Bhd. 
On October 19, 2012, the Company’s subsidiary, Eversendai Construction (S) Pte Ltd acquired Eversendai Engineering Pte Ltd.


Trading Plan:
Analysis:

1) Trendline: Testing 20MA, waiting for breakout at RM 1.29
2) Volume: High
3) MACD: Green (Positive>Bullish)
4) Smoothed RSI : At 39.9%. RSI hooked up.
5) Support/Resistance: Supported at RM 1.29. Today close RM 1.27
6) Beta: --
7) Candlestick: --
8) Pattern: Bullish after breakout at RM 1.29 & RM1.34



Entry: RM 1.27
Profit: RM 1.41
Cut loss: RM 1.24
RRR (Risk to Reward Ratio)> 1 : 4


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