Next wave is in the making

Technical rebound

Hidden hand step in is to make money, we wish Sendai will raise its head from now on.

Kyy excess money can buy the whole Thambi company

Believe soon Sendai will go past 50 & beyond

Sendai price trend reversal - Koon Yew Yin

Publish date: Mon, 22 Apr 2024, 04:40 PM

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.

Eversendai Corporation made a remarkable comeback in FY2023 - Koon Yew Yin

Publish date: Mon, 22 Apr 2024, 04:46 PM

Eversendai Corporation Berhad made a remarkable comeback in FY2023, reporting strong profit growth. Here are the key highlights from their financial performance:


Revenue Surge: The company’s revenue for FY2023 surged to RM1.45 billion, up from RM905.30 million in the previous year1. This significant increase was driven by progress on Middle East projects.
Gross Profit Turnaround: Eversendai highlighted a gross profit of RM177.2 million in FY2023, a substantial improvement from the RM29.5 million gross loss in FY20221. This turnaround was a result of their proactive approaches and innovative construction methodologies.
Net Profit: For the full year, Eversendai registered a net profit of RM26.62 million in FY2023, compared to a net loss of RM361.52 million in FY20222. This positive shift reflects their recovery path and successful project execution.
Overall, Eversendai’s commitment to excellence, safety, and consistent performance has contributed to their growth and sustained success in complex construction projects across Asia and the Middle East.

Revenue for FY2023 surged to RM1.45 billion from RM905.30 million the previous year, it said in a filing with the stock exchange today. Eversendai highlighted a gross profit of RM177.2 million in FY2023, a significant turnaround from the RM29.5 million gross loss in FY2022, largely attributable to progress on Middle East projects.

Middle East tensions ease, world mkt are back in green, hopefully tomorrow our market will perform well. Cheer

Middle East unrest created high risk in stock markets, keeping overnight might not be able to sleep well.

this stk is very much undervalued, surely will burst up and move forward one of these day

Will be one of the biggest cash cow at KLSE.

Kasi Limit up lah

MarketNavigator: IJM already a major shareholders of WCEH holding 26.65%, classified as associate companies, 51% will be classified Subsidiary

IJM has one leg in WCE, furthermore IJM fond to buy into tolls collection companies, believe IJM may increase its stake to become subsidiary, hope this can become reality.

I have a feeling, in short term it may limit up.

Volume is coming, something is brewing on?

Feeling the price is on the way moving upward, my initial Tp 1.20

Perak & Highway authority has approved the WISE highway project, can WCE got chance to get it?

https://wce.com.my/wp-content/uploads/2022/08/WEB1_Page_1-3.jpg

Land price at KL/Selangor is diff from Perak, similarly Bungalow at KL value at 5m but same Bungalow at Sitiawan may value for Rm 2m. Cannot compare Duke & WCE in term of per km

It is a big cash cow is coming.

Boarding time, ready to move

What go up will come down, what go down will go up again.

Sendai is tendering Rm15b of projects, but currently it’s share trading @ 19cts & mkt cap at Rm148m, seem no so matching, mgmt should push up the price to make it more trust worthy

After many days of positive notes, it is high time consolidation will take place

This article published in April indicated MnHldg will be one of the big player in the Data centre industry. Watch out!!

https://theedgemalaysia.com/node/661789

HL investment bank Tp 59cts, and forecast 32% & 66% growth in 2024/2025, surely this is big boost to the shares to transform into small blue chip.

After rounds of shaking away contrarians, possibly back uptrend tracks again.

Friend, right issue is possible, coz as at last Q balance sheet, only 3m plus cash in hand.

This year MNH secured many projects from TNB & others, total in hand projects exceeding 384m as per link below:-

https://www.klsescreener.com/v2/news/view/1205593

High potential MnHldg moving forward to next historical height

Is this the real story?
https://www.klsescreener.com/v2/news/view/1217491

Believe will take a break before advancing

Many paid cyber troopers was engaged before EGM, now the forum’s atmosphere are more neutral.

Next resistance is 0.065, clear this level today will be on uptrends mode

Extraordinary
Indicator Notice of Meeting
Description Notice of Extraordinary General Meeting of KNM Group Berhad to be conducted fully virtual via remote participation and electronic voting (RPEV) facilities
Date of Meeting 16 Oct 2023
Time 10:00 AM

Venue(s) online meeting platform at https://meeting.boardroomlimited.my
as provided by Boardroom Share Registrars Sdn Bhd
Malaysia

EGM via virtual by this link for admission, must receive ID from registerer to join meeting.

But till now I haven’t got the ID from registerer

Anybody receive virtual link invitation?

Most of the time people hardly to accept changes, especially aging people, but changes transforming better tomorrow, why not?

Just like UMNO ruled Malaysia for past 60 plus year, or ancient China Empire ruled for sometime, what happened? Country go LONG-KANG. Similar to KNM, after ruling KNM for sometime, KNM get rotten, is about time to transfomasi, hahaha

Road block at 24/23.5, after reaching the level the stk to retread?

No matter which party take over management, one thing for sure they will work hard to cut down debt & get out from PN17, that should be a good good news in near future?

Tomorrow T3/T4, lots of force selling will take place. Believe what Rock said Friday is holy day, price won’t fluctuate much

It is time this newly ipo counter to move forward. Now volume is getting bigger, might be the uptrend indicator

Will be a Star performer soon

My purpose is making profit and not to telling stories.

From 10.5cts to 16cts hefty jump of 50% in price, it is time of consolidation & profit taking

Positive uptrend mode is on!!!

The German put a leg in KNM is Catfish effect, KNM will be stonger & healthier, price will definitely rocket up, won’t u like it?

Do MACC open file on TY yah?