Posted by kangcs > 1 week ago | Report Abuse

Target 72s, then 74.5s, 78s and all the way up...

Posted by 777777 > 1 week ago | Report Abuse

thanks

Posted by mf > 1 week ago | Report Abuse

collect

Posted by mf > 1 week ago | Report Abuse

collect

Posted by RotiBakartelur > 1 week ago | Report Abuse

buy on weakness

Posted by dompeilee > 1 week ago | Report Abuse

EXITed from the balance of my shares in Eversendai Friday morning, garnering 1,115 consecutive days of trading gains while keeping a 100% win record! 🤗 On top of 10 of the last 13 years earning from trading this ex-old conman stock, including a joint record 8 consecutive years [2013-2020] with Hwa Tai [ 2010-2017]!

Posted by kangcs > 1 week ago | Report Abuse

2024 Newsmakers: Major coups

TheEdge Tue, Jan 14, 2025

The year saw entrepreneurs making great strides, winning contracts and charting major milestones.

With these achievements under their belt, the test ahead is whether they can sustain the momentum.

Tan Sri A K Nathan
Executive chairman of Eversendai Corp Bhd

Having underperformed since its debut on Bursa Malaysia in 2011, steel structure expert Eversendai Corp Bhd (KL:SENDAI) is making its way back into the spotlight after winning RM6.5 billion worth of jobs in a single year, led by the ambitious Saudi state-endorsed Trojena Ski Village in the desert highlands.

Its founder, largest shareholder and executive chairman Tan Sri A K Nathan has returned to the driver’s seat to see through the projects and ensure a successful turnaround of the RM472 million company, in which he controls just under 70%.

The successful completion of Trojena — a ski village located up to 2,500m above sea level and built to accommodate the 2029 Asian Winter Games in Saudi — would add another notch to Eversendai’s belt, as its past projects have included Merdeka 118 and Burj Khalifa in Dubai.

The growing order book aside, financial results have disappointed so far this year, with net profit in the nine months ended Sept 30, 2024 (9MFY2024), amounting to a mere RM5.1 million, even though revenue hit RM910.43 million — potentially earmarking it for a record full-year top line in FY2024.

The group’s best performance remains its first two years of listing — FY2011 and FY2012 — with more than RM115 million in net profit on annual revenue in excess of RM1 billion.

Part of the reason for its weak performance was its highly leveraged position: In 9MFY2024, almost 79% of its RM98.76 million operating profit was swallowed up by finance costs.

Net gearing stood at 1.64 times, with cash of RM164.5 million against borrowings of RM602.9 million. Total equity stood at RM294.74 million, after taking into account retained losses of RM444.49 million at end-September.

A K Nathan, in an interview with The Edge in March, described 2024 as “positive”, noting that 2025 would “be on another level altogether”, following the project wins.

Eversendai’s pursuit of an annual top line of RM2 billion in the 2010s led it into the high capex business of oil and gas vessels, which turned sour when oil prices faced a prolonged slump from 2015 to 2020, prompting institutional investors, such as Permodalan Nasional Bhd, the Employees Provident Fund, Retirement Fund Inc (KWAP) and Lembaga Tabung Haji, to eventually pare their stakes in the company.

With projects expected to pick up steam in 2025, only time will tell whether A K Nathan will be able to meet shareholders’ expectations and steer the company towards sustainable profitability. — By Adam Aziz

Posted by mf > 5 days ago | Report Abuse

FBM KLCI

FBM KLCI

1,563.33

-10.40

0.66%

Posted by InfinityTifanny > 1 day ago | Report Abuse

Israel-Lebanon ceasefire extended to Feb 18. How about after that ...?

https://abcnews.go.com/International/live-updates/middle-east-live-updates-red-cross-details-complex/?id=117876972