Don’t buy in anymore, Let it sink to 0.12 and that pp company will take and straight drop further and lose all the money which they sold

Maybe kyy is supporting and also selling the stock, so the price keep dropping a lot and shooting up a lot, it’s a compliment yo

I can feel this share is trying to go up but someone is holding back , maybe they trying to follow the principle of cup and handle, if this is true, I foresee nxt week going to break the resistant at 0.42

but i need to agree with you this share not good, hope it limit down, i run away d after 7%

they are buying in business to scale

cup and handle

Sorry for the confusing , I said RI, it’s actually not RI. Overall it’s a good company with a better company joining in, now is still a good price to enter

And some knowledge, if the company place the RI at 0.12, definitely they will try to increase the share price for now as it’s easier for ppl to subscribe it right? Do you agree with me?

Anyway I not wanting you all to buy but I’m in this ship already, let’s sail!

This is how they generate more revenue to the company, energy sector using renewable source is something in the future

Rmb they are still generating revenue and Singapore dollar

Not that the company going to PN17, it’s still doing its business and all directors are still holding tightly their shares, collect now before it continue to go up because they have acquired more revenue generating assets

Narrow margin to play, with possible huge profit as this stock is cheap to play about, not going to bankrupt as the company prospect still good

Buy price 0.18-0.205,
TP 0.25 ,
Cut loss: 0.17-0.175

Can bet for qr nxt

They acquiring to increase revenue

Can buy from now till 0.205, then hold till the pp where they will push to 0.23-0.25 and that’s abit of gain there

I started collecting some at 0.175 just now

Don’t worry because the operator won’t let the price drop too much in fact I expect a rebound soon because they need to earn from the pp proposal

will be rewarded heavily once the stock '"jump""

patience

patient

i have to let you all know that i have start buying sendai share on dip, and today volume is partly from me, you dont need to buy to push up the price for me ya

Koon Yew Yin's Blog
What is wrong with Eversendai? Koon Yew Yin

Koon Yew Yin
Publish date: Thu, 06 Jul 2017, 10:02 AM
As you can see, the price of Eversendai has been falling quite sharply in the last few day and many concerned and worried investors have asked for my opinion.

As I said many a time before, no share can go up or drop continuously for whatever reason. After a while, the price must make some correction. Many weak holders would follow the crowd like sheep to sell without thinking logically about the reasons why they have bought the share. They will have the problem when the price continues to go higher, they will not buy back at higher prices than the prices they sold. As a result, they have missed the opportunity to own a small part of a really great construction company.

Some clever day traders would sell and buy back at lower prices. They have the problem to decide when to buy. Studies has shown that these people can only make enough for a living. They cannot be rich.

Only long term clever investors can make a lot of money to be rich.

Examine your track record
Readers must seriously examine their track record to see how they have been performing. If they have not been doing so well like most of the commentators in i3investor.com, they must change their method of selecting shares to buy and learn when and how to sell to get the best advantage.

My talk for all the construction contractors
About 3 months ago, I gave a talk under the title “How to overcome contractors’ difficulties?’ at the Master Builders Association Malaysia (MBAM) Building in Kuala Lumpur. MBAM members are most of the contractors who have been building all the properties in every town and city. The entrance fee for each attendee was Rm 300. The total collection was Rm 34,000 and I donated Rm 100,000 to start a scholarship fund.

Open tender system
The most difficult obstacle every contractor has to overcome is the open tender system- cheapest tender gets the contract. Every tenderer must be very optimistic in his estimation of his cost so that he can submit the cheapest price. He must assume that he has no difficulties in getting his labour and materials at current prices. He must also assume that he will not meet too much rain and he will have no construction difficulties.

When he is awarded the contract, invariably almost all his assumptions will not come true. Due to inflation and other reasons, all the labour and materials will cost more than what he has allowed. Moreover, he will meet more bad weather and unforeseen construction difficulties.

As a result, he will not be able to complete his contract on time. Statistics shows that almost all construction contracts cannot be completed within the original programme.

One: I was pleasantly surprised to see that Tan Sri A K Nathan, who is Chairman and CEO of Eversendai and Deputy President of MBAM, stood up and said that he has no difficulties in completing all his contracts on time. Wah! I am very impressed.

Two: I am also very impressed by Eversendai’s press release after its recent AGM. It has contract works in 15 different countries and it has secured projects worth RM557.6 million to-date, bringing a total of RM1.3 billion projects secured for the year 2017. Eversendai have been executing projects in India from 2009 and have gone through great details over the years in learning the intricacies in doing business in the sub-continent. This has culminated in a successful year for the Group here in 2016 with future projection looking very promising for making inroads and improving profits through capitalising on significant projects. “India continues to be a focal point for the Eversendai Group as the country continues to push construction as part of their rapid economic growth. We are continuously establishing ourselves as a niche steel contractor for highly complex land mark projects,”

Three: Eversendai specialises in large steel structures and was involved in the construction of several large and tall buildings such as Capital Gate Tower, Abu Dabai, Burj Al Arab, Dubai, Tanjong Bin 3 X 700 MW coal fired power plant, Malaysia and many others.

Four: Eversendai is not like most construction contractors. I believe there are very few contractors of this class in the world. As a result, it has less competitors and should be able to secure contracts with a higher margin of profit.

Five: Tan Sri Nathan openly declared that his company can complete Rm 2 billion value of works in the current year. From long experience in the contracting industry, I can assume that he can achieve 5 % net profit for the current year and 7.5% for next year.
Based on these profit growth prospect, you can see from Bursa announcements that I have been buying Eversendai frequently.

Koon Yew Yin's Blog
Why I Bought Into Eversendai? Koon Yew Yin

Koon Yew Yin
Publish date: Sat, 29 Jul 2017, 09:10 PM
I have been in the construction industry for more than 50 years and I have been the Secretary General of the Master Builders Association Malaysia for 9 years. I am very proud to say that all our members are the builders of all the properties in every town and city in Malaysia. In the last 50 years, all our members have been improving their skill. As a result, buildings are taller, bridges are longer and beautiful structures are getting more complicated.

In my opinion, among all our members Eversendai Corporation Bhd has improved the most.

It is one of the most sought after turnkey contractors in the world; delivering highly complex projects with innovative construction methodologies for steel structures, power and petrochemical plants as well as composite and reinforced building structures in the Asian and Middle Eastern regions. With a workforce of almost 15,000 personnel, Eversendai has served clients in over 14 countries such as Malaysia, Singapore, Thailand, Philippines, Indonesia, Hong Kong, India, Oman, Saudi Arabia, Bahrain, Qatar, United Arab Emirates, Azerbaijan and Iraq, and constructed some of the world’s most famous landmark structures. More information on Eversendai Corporation Berhad is available at www.eversendai.com.

Last year, it invested in the oil and gas company in Singapore and lost more than Rm 100 million which has been taken into account in its 2016 audited account. Due to this loss, its share price plunged. It turned around and reported profit in its 1st quarter ending 31 March 2017 with the following press release:

PRESS RELEASE: Kuala Lumpur, May 25 2017, Eversendai breaks through with profits in Q1 2017 – Eversendai Corporation Berhad (the ‘Group’), revealed a turn to profit, for the 1st quarter of 2017 ended 31st March 2017. Today, the Group announced a revenue of RM395.96 million and a pre-tax profit of RM18.71 million for the said period bringing the renowned engineering and construction specialist’s books out of the red and into the black. Eversendai Corporation Berhad’s Executive Chairman and Group Managing Director, Tan Sri A K Nathan said “I am glad to announce that Eversendai is back on its profitability track gearing towards progressive profits here on.” The Group showed an increase of 107% in profit-margin from pre-tax loss of RM267.21 million as of 31st December 2016 to a profit of RM18.71 million as of 31st March 2017. “The value of projects we have secured to-date has also increased in comparison to the same period in 2016. This year from 1st January to 31st March, we secured a total of RM801.4 million worth of projects,” he further said. The Group announced recently that it had won additional projects worth RM557.6 million from 1st April to-date bringing the total value of projects secured in 2017 to-date to RM1.36 billion. This brings their order book to an excess of RM3.2 billion to-date. Overall the Group performed well, showcasing a healthy growth in terms of profitability this quarter in comparison to the same period in 2016. “The internal restructuring and re-strategising in 2016 is now showing its yield in our profit margin,” Tan Sri A K Nathan said. “We are confident this will continue to grow as we step into new markets, both in terms of operating regions and new services.”

Tan Sri Nathan will be giving his talk on 30 July 2017 at 10 am in The Star Building KL. Entrance is free of charge.

How to be a Super Investor?
Remember investors must look ahead at the future profit growth prospect which is the most powerful catalyst for moving share price. You must buy before the announcement when the price is still cheap. Clever investors do not wait to see the good profit announcement because its share price would have gone up and regret for not buying earlier.

You can see from the company announcement that I have been buying and my last purchase was 1,683,500 shares on 19 July 2017. I have a total of 64,272, 200 shares, making me the 2nd largest shareholder of the company.

I am obliged to tell you that I am not asking you to buy to support the share price and make me richer. But if you decide to buy, you are doing it at your own risk.

technical rebound anytime soon within these few days, but careful, it may bound to drop lower, sell when rebound up 5%

those who still dont run will get burnt

Natarejen had also alleged that Nathan was a person who refused to pay his debts owed to contractors. <<<

looks like Nathan is a bad payer, very fishy boss, not honest

UTRAJAYA (Dec 14): The Court of Appeal unanimously dismissed an appeal by Linsun Engineering Sdn Bhd managing director Datuk Natarejen Manohran, who was ordered by the Kuala Lumpur High Court to pay RM200,000 in damages for defaming the founder of Eversendai Group of Companies Tan Sri AK Nathan Elumalay.

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The decision was made by a three-member bench on Tuesday (Dec 12), led by judge Datuk Supang Lian, and also composed of judges Datuk Mohd Nazlan Mohd Ghazali and Datuk Dr Choo Kah Seng.

The bench ruled that there were no merits in the appeal.

In addition, the bench also ordered Natarejen to pay RM15,000 in costs.

The decision was confirmed by Nathan’s counsel Rueben Mathiavaranam to The Edge. Natarejen was represented by counsel M Manoharan.
Natarejen was found to have defamed Nathan by the Kuala Lumpur High Court judicial commissioner Dr John Lee Kien How @ Mohammad Johan Lee on June 3, 2022, and ordered to pay RM200,000 in damages.

Nathan had sued Natarejen for publishing in a Whatsapp chat group comprising over 200 chat participants, of a collage (screenshot) comprising chat messages between both of them, in which Natarajen had alleged and insinuated among others that Nathan had bribed the Shah Alam court staff to delay a certain court proceeding.

Natarejen had also alleged that Nathan was a person who refused to pay his debts owed to contractors.

Auditors raise doubts over Eversendai’s ability to continue as a going concern
By Syafiqah Salim / theedgemarkets.com
05 May 2023, 07:35 pm

https://theedgemalaysia.com/node/665748

No money to pay people still want to get a 6.6billion project? With fishy not reveal? Why bursa didn’t continue to investigate them? Should investigate all these scam companies

Google review:

Rieshar Jayaraj
4 reviews·1 photo

6 months ago
Critical: Professionalism, Punctuality, Quality, Responsiveness, Value
Cannot even call their office number, always not reachable. Huge payment delay always, very bad paymaster. Not professional

Website also suspended, another serbak dinamik. Really cautious

https://www.eversendai.com/cgi-sys/suspendedpage.cgi

share price back to square one rm0.15-0.19

common, common sense, if its real, why not disclose all the detail out, they are public listed company la, hello, you think you are some small company? under table?

the boss too fishy d, no one believe them to secure 6.6billion with this small and unreputable company

Once move up to 0.35, I going to sell all away d, bye bye Sendai

Rubbish scammer company, I buy so much at 34cents, cannot up at all, early know I go buy other shares

I see I see, because if kyy here then can ask him to push share d

I got a question, maybe I ask here also? Is koonyewying(kyy) still alive? Because I didn’t see him post anymore and didn’t hear his news very long d?

Btw, just want to check with you all is kyy still here? I mean is he still alive? I mean I didn’t I see his post very long d?

https://www.albawani.net/albawani-group/ their partner website, nothing fishy

but i cant understand the selling down? maybe just pure taking profit?

actually since im a shareholder (just now bouight 0.33cents 100k unit aka rm33k) i just look through the financial end report, i didint see any fishy thing? i saw they are actually making quite alot of money from middle east and india, so i think it is worth the bet :D (just my 2cents since im now on boat as well :D)

If tomorrow the director veloo come out and clarified then maybe the share will increase?

Unless they going to do right issues

But I myself really don’t trust this company especially it’s Indian and how they can manage this big amount of money?

Don’t like that la. I also buy abit support just now ma, 0.33, and q sell at 0.35 to earn some peanuts money , hope can go up by today

Yes, exactly what I’m thinking lol!!!

gohkimhock
if it was Gamuda to announce this project, maybe i will still believe..