Sendai price chart below is showing its price trend reversal. It is hitting a record high. 

A price chart is a record of the last traded price of the day. If there were more sellers than buyers the last traded price would be less than its previous recorded price. As a result, its price chart will be down trend.

In the case of Sendai, in the last 10 days, there were more buyers than sellers every day. As a result, Sendai share price has been going up rapidly to make a record high.

The reason for its share price to go up so rapidly is because it reported 7.4 sen EPS for the quarter ending Dec 2023.

On 18 Mar 2024, 06:33 pm KUALA LUMPUR: Eversendai Corp Bhd, which announced last week that it had secured four new contracts worth an aggregate RM5.4 billion and saw its shares surge over 70% after that, provided more details about the projects.

It disclosed via a bourse filing the names of the companies that awarded the jobs, its recipient units, the tenures of the contracts, as well as the dates on which the deals were secured.

“We are unable to provide a breakdown of project/contract value as this would violate the NDAs (non-disclosure agreements) signed as well as jeopardise our position with our competitors and clients,” the group added.

Eversendai provides more inf​o on its RM5.4b contract wins

By Izzul Ikram / theedgemalaysia.com

18 Mar 2024, 06:33 pm

Its unit Eversendai Engineering Saudi LLC, in collaboration with Albawani Co Ltd, bagged a job for the structural steel signature building at the Trojena Ski Village from NEOM Company on March 7. The project is expected to be completed in 28 and a half months.

It also said Eversendai Engineering Saudi is now in talks with Albawani to formalise their collaborating relationship for the job, but noted that this will not be in the form of establishing a joint venture (JV).

“Discussions are in progress and once formalised, we will make the announcement. No incorporated [JV] will be formed, this is a project-specific collaboration,” it added.

Another subsidiary, Eversendai Mega Structure FZ LLC, secured its contract in the UAE for structural steel works for the Wynn Al Marjan Island Integrated Resort Development in Ras Al Khaimah from ALEC Engineering and Contracting LLC — RAK Branch. The job was awarded on Dec 4, 2023, and will last for 11 and a half months.

Its subsidiary in India, Eversendai Construction Pt Ltd, secured two structural steel projects, one from RUPA Infotech & Infrastructure Pt Ltd (spanning 23 months) and another from Maryland Infrastructure Pt Ltd (spanning 25 months) on March 8. These projects are for the Rupa IT building and the Rupa Crystal IT building. In addressing the delay between the dates the contracts were secured and its announcement to the bourse, Eversendai said this was also due to the NDAs, as it was required to obtain consent from its end-clients before any public announcement.