Eversendai Corporation Berhad recently reported its earnings results for the fourth quarter ended December 31, 2023. Here are the key financial highlights:
Additionally, the net assets per share attributable to ordinary equity holders of the parent stands at MYR 0.47 as of the end of the current quarter.
Eversendai’s return to profitability in 4QFY2023 was attributed to progress in its Middle East projects and increased utilization rates of its fabrication facilities.
With reference to the Eversendai price chart above; on 13th March the price shot up from 20 sen to 40sen when the company announced 7.4 sen EPS for the quarter ending December 2023.
In each of the last 5 trading days, it made record high 5 times. Will it go up again?
From my long experience as a company director of many listed and not listed companies, the profit for the next quarter ending March is already known to many insiders and their friends. The profit must be good. That is why the daily traded volume is tens of million shares.
The company announced 7.4 sen EPS for the quarter ending December 2023. Assuming Sendai’s EPS for the next 3 quarters is the same as its reported 7.4 sen, the total for 4 quarter will be 29.6 sen. Based on PE 4, the share price should be Rm 1.20.
KUALA LUMPUR (March 13): Eversendai Corp Bhd secured four new projects worth RM5.4 billion in Saudi Arabia, the United Arab Emirates (UAE) and India.
The value of the new wins represents nearly 18 times higher than Eversendai’s market value of RM304.6 million.
With these new projects, the company’s current outstanding order book rises to a record high of RM6.6 billion, according to its filing to Bursa Malaysia on Wednesday.
The project in Saudi Arabia, in collaboration with Albawani Company Ltd, is for the structural steel signature building at the Trojena Ski Village, a year-round mountain resort destination, Eversendai said.
"The scope of work consists of engineering, connection design, material supply, fabrication and installation of structural steel, precast and concreting, metal decking and fireproofing for the iconic mountain resort in Trojena's Ski Village," it said.
The project in the UAE involves structural steel works for the Wynn Al Marjan Island Integrated Resort Development in Ras Al Khaimah — which will feature a 1,500-room hotel with shopping, meeting and convention facilities, restaurants and lounges, entertainment and other amenities.
Meanwhile, its subsidiary in India has secured two structural steel projects for the Rupa IT building and the Rupa Crystal IT building.
Eversendai executive chairman and group managing director Tan Sri AK Nathan said that these newly-won contracts underscore the company's strength and capability in securing and successfully delivering projects.
"Despite going through a very challenging period in the last few years, exasperated by Covid-19 and its related impacts, Eversendai is optimistic that the group will be able to strongly rebound as a result of the record high order book, which will translate in optimum utilisation of all the group's fabrication facilities," he said.
"These structural steel projects are highly complex befitting Eversendai's technical capabilities and colourful landmark track record in executing projects in 18 countries while adhering to safety, quality and timely completion," said AK Nathan in a statement.
Eversendai has been involved in the construction of some of the world's most prestigious and iconic landmarks, including the Burj Khalifa in the Emirates, Petronas Twin Tower 2 and Merdeka 118 Tower in Malaysia, as well as Neom Sindalah Island in Saudi Arabia.
Chart | Stock Name | Last | Change | Volume |
---|
Created by Koon Yew Yin | Aug 19, 2024
On 14th Aug 2024, I posted my article “Why people are rioting across UK”. Now I want to tell you why do people riot?
Created by Koon Yew Yin | Aug 19, 2024
If I knew politicians are so well paid, I should have been a politician. A few days ago, one old friend who migrated to Australia about 40 years ago, visited me. He told me that he was a Member of P..
Created by Koon Yew Yin | Aug 14, 2024
Riots have spread across numerous cities and towns in England, and in Belfast in Northern Ireland, over the last week in the worst outbreak of civil disorder in Britain for 13 years. Police have ma...
Created by Koon Yew Yin | Jul 30, 2024
The new poll, conducted between July 22-24 and released Sunday, found that Harris’s approval rating had surpassed Trump’s in Wisconsin, Pennsylvania, Minnesota, and Michigan. In Michigan, Harris was..
Created by Koon Yew Yin | Jul 30, 2024
As you can see below, a few people are using my name to promote sale of Initial Public Offer (IPO) shares before and after listing on Bursa Malaysia. You should not buy IPO shares because statistics..
Created by Koon Yew Yin | Jul 23, 2024
The most important criteria for share selection are technical analysis and financial analysis. The price chart below shows that KSL's share price has been going up from 88 sen to above RM 2.13...
Created by Koon Yew Yin | Jul 22, 2024
Recently one smart accountant pointed out to me that KP Property has millions of Redeemable Convertible Preference Shares (RCPS). This will affect its share price. I sold all my KPP shares to buy KSL.
Created by Koon Yew Yin | Jul 15, 2024
Currently Bahasa Melayu is taught in all Government sponsored schools. Bahasa Melayu is only good within Malaysia. All our overseas customers do not know Bahasa Melayu. I hope all our politicians...
Created by Koon Yew Yin | Jul 09, 2024
As usual this F ker will come promoting the share .after it went high. Report to SC pls
2024-05-14 05:41
When come to contruction work no companies can match the speed, cost, agility and advance tech from China contruction companies.
China contruction companies will eat sendai for breakfast, lunch and dinner.
2024-05-14 07:39
Remember what happen to Serbadk when Serbadk announce big contruction job win in Dubai.
2024-05-14 07:44
WELCOME TO CASINO DE BURSA!
Place your bets!
Bet small, win small
Bet Big, win Big
All races, all religions welcomed. The only Halal Casino in Malaysia
2024-05-14 07:50
Uncle Ykk needs to find new buyers… how to help him? I don’t want to donate to Uncle laaaaaa
2024-05-14 11:36
For new investors, be careful of this old man, he will promotes the counter and sell to you at high price, his story will be he was formerly the founder of a few construction companies & does donates to help students etc., Some stories might be true but his intention for writing this article questionable. Be smart, dont buy high sell low, there is no free lunch at KLSE !
2024-05-14 18:07
In two weeks we will know where it is headed.
Meanwhile from the comments, some interested characteristics is revealed by known commenters. Their ill feeling is prevalent.
2024-05-15 16:49
Sslee
When will KYY learnt his lesson not to pump and dump?
2024-05-13 13:02