In accordance with Paragraph 9.36 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Priceworth International Berhad wishes to announce that the Group's log production volume for the month of September 2018 was nil m3 (Aug 2018: nil m3).

As stated in previous announcements, the Group’s logging operations were temporarily affected by the widely reported verifications by authorities. Despite the adverse effects from such temporary interruptions, we have complied with the authorities' requests as our operations are in accordance to the relevant laws, policies and practices.

The authorities have verified our operations in early September 2018. As such, although there is no logs production in September 2018, the Group believes it will be most beneficial to the Group in the long run as the verifications will provide the assurance that our harvesting operations are in full compliance with the laws, policies and practices of the Sabah Forestry Department (“SFD”). In addition, all royalties due have been duly paid to the relevant authorities.

Following the site inspections over the last quarter, we received a fine amounting to RM15,000 on 3 pieces of logs out of 549 pieces of logs related to cutting size limit located in our Sinora processing plant. The fine has been paid and the said logs have been released. This will enable the resumption of our operations in our Sinora processing plant.

This announcement is dated 31 October 2018.

UALA LUMPUR (July 30): JAKS Resources Bhd has been granted an interim injunction from the Federal Court today to restrain the payout of a RM50 million bank guarantee to Star Media Group Bhd.

In a filing with Bursa Malaysia today, JAKS said the interim order is in effect until Aug 1, which is when the Erinford Injunction application will be heard before the Federal Court.

JAKS's application for the injunction was earlier dismissed by the Court of Appeal on July 27, and by the High Court on July 23.

Star Media acknowledged in an exchange filing today that it has been served notices from JAKS regarding the matter, and said it will make necessary announcements to the stock exchange as and when there is a material development.

JAKS has been entangled in a legal row with Star Media after the latter attempted to make a call on the RM50 million bank guarantee in February when JAKS failed to deliver, on the stipulated date, a 15-storey tower within the Pacific Star development in Section 13, Petaling Jaya.

It was reported that the delivery of the building had been delayed by 28 months. In response to the call on the bank guarantee, JAKS applied for the interim stay to freeze the bank guarantee.

JAKS shares fell nine sen or 8.18% to close at RM1.01 today, for a market capitalisation of RM556.86 million. Star Media, meanwhile, rose three sen or 2.48% to close at RM1.24, valuing it at RM922.35 million.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5851741

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5851733

bought back at 1.03 today, piercing pattern..

sold at 1.04.... waiting to reenter

sendai would always be used as an example in your article when its share price surge on a sudden... what a strange coincidence... by the way, still agree with what it is written in the article..

https://www.youtube.com/watch?v=g0mOPujVFLI

https://www.youtube.com/watch?v=9tT4-rZvk1Q

anonymous is right. Tun M has talked to Anwar on this and he accepts it. time is crucial and they must settle it within 100 days. Don't be childish like the duo from PKR.

papaya harapan has short the market, is it? yesterday post the fake news about anwar opposing Tun M becoming the 7th PM and now alleges that Tun M appointing the 3 ministers without the PKR consent. don't post anything without any substance...

this was published at 4.11pm on 10 May 2018 before Tun Mahathir was sworn in as 7th Prime Minister. Now mahathir is the 7th PM and if there is such statement, he should have posted it on his official facebook page and official PKR media and not on any random website. kindly send us the link to the article

this was published at 4.11pm on 10 May 2018 before Tun Mahathir was sworn in as 7th Prime Minister. Now mahathir is the 7th PM and if there is such statement, he should have posted it on his official facebook page and official PKR media and not on any random website. kindly send us the link to the article

are u sure ifca fully involved in GST business? once the GST is repealed and back to SST, do their existing clients require their service to adjust their system? i believe ifca got other products such as property system, hr system, accounting system and their recent collaboration with google as well...

KUALA LUMPUR (May 11): The newly-formed government will once again take Malaysia to the right direction towards a high-income nation while boosting the economy and creating a conducive environment for businesses to grow, said Eversendai Corp Bhd founder Tan Sri AK Nathan.

Led by Prime Minister Tun Dr Mahathir Mohamad, it will once again put Malaysia on the world map, he said.

He said many people were actually suffering silently, but dared not speak up or do anything as they were scared of being implicated.

But with the new government onboard, he hoped the government would listen to the issues and problems and foster a more business-friendly environment.

Nathan hopes the new government would resolve the problems arising from the influx of foreign contractors as it deprived works for local companies.

“I hope these issues will now be tackled at a higher level,” he he told Bernama on the sidelines of the MBAM Affiliate Dialogue 2018, here today.

In many countries, local contractors are suffering because of either procedures or policies, he said, adding that he hoped in Malaysia, the problem needed to be rectified to enable the local construction industry to seize “fantastic” opportunities moving forward.

As for Eversendai, he said 90% of its businesses were overseas.

“We fly the Malaysian flag high overseas but we still need our home ground for support, only then we can expand our business further,” he said.

Nathan believes Malaysia has a clear path, thanks not just to Mahathir, who is at the helm of the government once again, but also to those who came onboard with a lot of exposure and experience.

“We need them now to turn the country around. There is our future,” he said.

The just concluded 14th General Election (GE14) saw Pakatan Harapan’s (PH) dominance in popular votes of about 50%, as recorded in GE13.

The findings were based on the data of the number of votes garnered by three main parties contesting in the election.

PH led the race with 5,685,252 votes, followed by Barisan Nasional at 3,624,921 votes (or 32%); and PAS 2,043,159 votes (18%).

Eversendai is a leading global organisation undertaking turnkey undertakes turnkey contracts, namely delivering projects for high-rise buildings, power plants, oil and gas upstream and downstream, including process and industrial plants, as well as infrastructure and composite structures in the Asian and Middle Eastern regions.

http://www.theedgemarkets.com/article/mahathir-can-put-malaysia-world-map-again-%E2%80%94-eversendai

drop to RM 0.80.. a doji is formed in a bearish pattern... drop to RM 0.80? i catch some more at RM 0.87...

Eversendai Corp Bhd is planning a corporate exercise in the next 12 months to enlarge its share capital, subsequently reducing the shareholding of founder Tan Sri AK Nathan’s (picture) stake.

The move to increase the stock’s liquidity and pacify fund managers came after the construction company scrapped a proposed private placement in February this year.

Nathan said the company is engaging bankers and financial advisors to execute the exercise.

“The corporate exercise will allow me to value-add and enlarge the share capital of the company, while creating more liquidity in the market.

“I will definitely reduce my shareholding in the company via the exercise. I don’t see the necessity for me to hold over 70% (stake in Eversendai),” Nathan, who is also the chairman of the company, told The Malaysian Reserve (TMR) in Dubai recently.

Vahana Holdings Sdn Bhd, Nathan’s private vehicle, currently controls 71.11% of Eversendai, followed by private investor Koon Yew Yin with 9.33% and Lembaga

Tabung Haji with 5.16% interest. Eversendai has a paid-up share spread of 781 million. At 94 sen per share as of last Friday, the stock has a market capitalisation of RM734.1 million.

After the exercise, Nathan said Eversendai will have a larger pool of investors.

“It is to showcase to the investors at large that Eversendai is a company that they will be able to look forward to for continuous growth,” he said, adding that the move will also address the liquidity concern at the company.

“I am aware of the liquidity concerns expressed by analysts and fund managers everytime I meet them,” he said.

Eversendai scrapped a private placement plan to raise up to RM75.84 million last February. No reason was given behind the move.

The company also terminated a conditional share subscription pact with Macquarie Bank. On Aug 15 last year, Eversendai had proposed to undertake a private placement of up to 77.39 million new shares, representing up to 10% of the company’s total number of issued shares.

Based on an indicative issue price of 98 sen per placement share, the proposed private placement was to raise estimated gross proceeds of up to RM75.84 million, which was planned to be used to repay borrowings and working capital.

Although Nathan did not reveal the actual mode of the new corporate exercise, analysts are expecting for a potential private placement or injection of third-party assets into Eversendai, in return for new shares.

Kenanga Research analyst Lum Joe Shen told TMR that a corporate exercise is necessary for Eversendai — not necessarily just to boost liquidity, but also to address the non-compliance for public shareholding spread.

“Conventional corporate exercise such as rights and placement can be a little futile to address the public shareholding issue.

“They will need to thought-fully carve out a more special corporate exercise for this matter,” he said.

An analyst who did not want to be named said a new investor could inject assets or businesses into Eversendai, and in return get a significant stake in the firm.

While a private placement usually involves 10% of the entire paid-up shares, the analyst said injection of assets could involve a greater number of shares.

“If someone injects assets or businesses into Eversendai, the company has to issue new shares to be subscribed by the new investor. This will dilute Nathan’s stake.”

Kenanga Investment Bank Bhd has fixed an ‘Underperform’ note on Eversendai with a target price of 74 sen in its coverage note dated March 27, 2018.

Eversendai was listed on July 1, 2011, with a final institutional price of RM1.70 and retail price at RM1.62. On lis- ting day, Eversendai closed at RM1.72.

The share price reached its peak of RM1.80 on Aug 4, 2011, and has been on a downtrend since then. In the last 52 weeks, Eversendai’s share price was hovering between 69.5 sen and RM1.38, while average price target by fund managers and analysts stood at between 70 sen and RM1.05.

Eversendai registered a net profit of RM86.51 million, or 11.15 sen per share, for the financial year ended Dec 31, 2017, against a net loss of RM278.88 million or -36.04 sen per share in the previous year. Revenue also improved to RM1.83 billion from RM1.58 billion in 2016.

The revenue, however, failed to meet Nathan’s goal for Eversendai to register RM2 billion in turnover by 2018.

The structural steel fabricator has won projects worth up to RM533.9 between January-March 2018, bringing its total orderbook to RM2.5 billion.

bought some at 0.895 and 0.90 today... hard to queue at 0.89...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5766565

bought at RM 0.935 again today... when will retrace to RM 0.90 la..

https://www.nst.com.my/business/2018/04/357989/eversendai-eyes-us200m-job

just drop half cent!!? Im expecting it to drop few cents for me to buy more... sad..

collected few again when it is in red again

have collected some again after lunch today...
Wait for it to drop again...

drop back so I can buy again

jump back into sendai again... slowly accumulate when it drops again.....

waiting for mega sale so that I can buy reenter!!

waiting to buy in next week !!

sold all my sendai at gain... I will be back !!

1,085 counters down !!

i believe kyy is not aiming for a small cash now.... will need to monitor it closely now as it is staying at a range of RM 1.00 - RM 1.01 and has broken its downtrend line

tis week will be an interesting week for sendai as:

1) kyy has published 4 articles to promote its sendai
2) many people are doubtful of sendai now after his publishing - buy when everyone is fear, sell when everyone is greedy?
3) sendai share price has broken its downtrend line
4) sendai's business prospect is not bad but major risk is still lingering now and investors are getting efficient in obtaining information
5) election risk now

by the way, agreed with what pussycats said on his second para

Gadang? Latitude? VS? Xingquan? Canone? Liihen? FLBHD? Chinwel? Hengyuan? Rsawit? Jtiasa? Mudajaya? FGV? THPLANT?

How many of these stocks had risen after kyy sold his shares off? How many of these stocks drop after kyy sold his shares off? How many of these stocks drop but kyy is still holding it? How many of these stocks have good FA?

Is He doing pump and dump? or merely his mistake of making a wrong investment decision? or the operators were behind the trend when kyy came in to promote the stocks or any other factors? Is it that coincident?

How about the stocks recommended and invested by prominent investors such as cold eye?

Who knows but the most important thing is to take everyone's comment with a pinch of salt and do your own study to enable yourself to make the right decision and to discern what is right and what is wrong as someone could be promoting something with ill intention or irresponsibly. Learn from everyone regardless he/she is a crook, he/she is someone you disagreed or he/she is doing something with a noble intention and read more.

not to forget calvin tan's top pick - bjcorp... now the company is in red....

agree with moneykj.. do your own study so that you can exercise your own discretion

https://www.thestar.com.my/business/business-news/2018/03/31/eversendai-branches-out-with-og-fabrication-facility/

news out for sendai again

conclusion: take everyone's comment with a very small pinch of salt even those from the analysts like TA and Kenanga

opps... kyy sold shares already

"Yesterday about 11.35 million shares changed hands and the closing price was 97 sen. No private individual has so much money to buy so many shares. Only investment funds can buy in such big volume. I suspect they write to state 74sen as their target price to encourage people to sell to them. In the last few days, the price has gone up from 70 sen to close at 97 sen, an increase of 27 divided by 70 = 39%. I have not seen such a high rate of increase before. Have you seen a similar case before?

In fact, my nominees sold 2.8 million shares yesterday which I don’t have to report. That is why I said I was laughing all the way to my bank. Nevertheless, based on the increased daily volume and up-trend momentum, I strongly believe the price will continue to climb higher."

Nathan cited Dubai I — the world’s tallest Ferris wheel in the making — as an example.

The project was initially awarded to a competitor by the developer, only to come back to Eversendai two years later.

Dubai I, which involves about 6,000 metric tonnes (MT) of steel, is now in the final phase of commencement, with Eversendai’s portion fully completed.

A 15,000MT steel project to construct a complex connecting bridge in One Za’abeel — a high rise office twin towers — also came back to Eversendai two months after the earlier con- tractor failed to deliver.

“We usually lose a job only because of price and not due to our track record. We lose a job for price differences of between 3% and 10%.”

Eversendai currently has 15,000 employees in seven fabrication yards worldwide.

The firm now has 15 offices globally, including in the UK and Australia.

The Middle East is not easy to tame. People from the region may be known for their extravagance when it comes to exhibiting their wealth, but they are also not that easily appeased.

Meeting their demands, if you’re not accustomed to their culture and norms, can be daunting, but if you manage to win their hearts, you will be rewarded handsomely, especially if you are one of the parties vying to be part of their various infrastructure and iconic projects.

Certain Malaysian companies have somehow managed to do just that, to please the Arabs with their work and capabilities to meet all the demands.

These companies, however, seem to be happier running their business below the radar, working quietly while amassing trust among the Arabs, which also translates to a considerable profit margin.

Eversendai
Eversendai is able to digest large and complex projects which need heavy engineering and extreme planning…that is where we excel, says Nathan (Pic: TMRpic)

One of them is Eversendai Corp Bhd. Led by Tan Sri AK Nathan, Eversendai has been involved in various iconic skyscrapers, stadiums, airports, industrial and residential structures, as well as shopping malls that are sprawled all over the Middle East.

Nathan and Eversendai first landed in Dubai in 1995 seeking business opportunities in the United Arab Emirates (UAE), which was then mainly known for its harsh rug- ged landscape, desert and, yes, camel rides.

“I came to Dubai carrying a suitcase in 1995 and got my first project in 1996,” Nathan said matter-of-factly during a media visit to Eversendai’s steel fabrication yard in Hamriyah, Dubai.

The company’s first project happens to be the Burj Al-Arab, now touted to be the world’s most luxurious hotel where visitors have to buy tickets to view it.

The company did not stop there. Some 23 years later, Eversendai have managed to complete 115 iconic projects throughout the Middle East as a steel fabricator and turnkey contractor.

Getting busier in the region also led to the Eversendai listing on Bursa Malaysia main Market.

The company now has 25 active projects in the Middle East, currently being served by its four fabrication yards in the region.

As a steel contractor who has seen the immense developments in UAE, Qatar, Saudi Arabia and Kuwait for over two decades, Nathan can attest that the countries have more to offer.

He said Eversendai is anticipating more steel fabrication and construction jobs in the region, for at least a decade more.

“I see more and more projects coming onboard for Eversendai as Middle East countries continue to spend more on infrastructure developments,” the 62-year-old tycoon said.

Nathan said the huge demand will require Eversendai to utilise yards outside the Middle East, or even sub-contracting some minor works to others.

“We can use our yards in Thailand, Malaysia and India to serve the growing demand in the Middle East,” he said.

Eversendai’s vast experience in handling the complex structures and iconic projects, has left the company with an advantage — of having almost no competition.

“Yes, anyone can do steel work. But if one looks at specialist steel works involving complex structures, I don’t think there is anyone close to Eversendai,” Nathan said with pride.

Eversendai’s localised presence in the Middle East also gives the company an advantage over the others.

“Eversendai’s brand has been well established in the region with all positive appraisals by previous clients.

“Besides that, Eversendai is localised in the Middle East and is able to digest large and complex projects which need heavy engineering and extreme planning…that is where we excel,” he added.

Nathan, however, conceded that gross margins are affected in recent years as more Chinese firms make their way into the Middle East market.

Eversendai’s strong brand presence and indisputable experience have, however, managed to keep the company above its Chinese competitors.

Nathan said people in the Middle East are also known for their principles of not compromising quality over cost, which is another plus point to Eversendai.

“They don’t hesitate to spend more money if they can get better quality and timely completion,” he said.

To ensure that Eversendai is positioned well in the region, the company also compromises on its profit margins on potential projects. The average gross margin estimated by Eversendai is 10%.

As such, most projects that offer margins below 10% will not be accepted by the company.

In a complex infrastructure project, Nathan said the gross margin can go up to between 30% and 40%.

“We don’t agree to anything because we want to be part of a project. Sometimes margins will be more than 10%, or sometimes lower — but within our tolerance level. Anything below, we will walk out,” he said.

Nathan said there were also cases of main contractors opting for other steel fabricators and contractors that ended up coming back to Eversendai.

https://themalaysianreserve.com/2018/03/30/taming-the-middle-east-the-eversendai-experience/

I can feel the sourness of ppl not buying. many ppl know who is the person behind this hike but who cares. mine shows green after few months of averaging down

always take everyone's comment with a small pinch of salt...

thats why take everyone comments with a pinch of salt and study by your on self. you wouldn't know what these ppl r thinking when making comments

do you crystal ball with your hand? im not the supporter of the old man but I disagree of how certain ppl trying to earn happiness and reaping benefits by inciting fear on others

how sure u r the share price would drop when the old man promoting the shares? hengyuan and jaks after the old man promoted the share prices (not asking you to rely its indicator to buy). r u his personal assistant? do you have the crystal ball with your han promot

sad

1) public shareholding spread
2) sudden hike in share price
3) completion of construction of lift vessel
4) kyy promoting it and admitting of buying shares (from 68.5 million shares to more than 70 million shares)

Hmmm...