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.
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As usual this F ker will come promoting the share .after it went high. Report to SC pls
2 months ago
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.
2 months ago
Remember what happen to Serbadk when Serbadk announce big contruction job win in Dubai.
2 months ago
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2 months ago
Uncle Ykk needs to find new buyers… how to help him? I don’t want to donate to Uncle laaaaaa
2 months ago
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 !
2 months ago
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.
2 months ago
Sslee
When will KYY learnt his lesson not to pump and dump?
2 months ago