Eversendai Construction Pvt Ltd, a globally recognized leader in structural steel design, detailing, and fabrication, is looking for talented engineers to join its dynamic team in Chennai and Trichy. We specialize in delivering complex infrastructure and high-rise projects worldwide, offering a collaborative and innovative work environment that encourages professional growth.

Masuk je kalau ada wang

Technically, after sliding 46.5% from 52W high at RM0.785 (May 13) to a low of RM0.42 (Aug 29), SENDAI (CP:RM0.56, BVPS: RM0.38) has been traded in a range bound mode within RM0.46-0.625 zones. A confirmed breakout above RM0.625 (Dec 4) would enhance further upside targeting RM0.645 (61.8% FR) and RM0.70 (76.4% FR). Key retracement supports are pegged at RM0.535 (100D MA) and RM0.50 (200D MA) levels.

Source: Hong Leong Investment Bank Research - 16 Dec 2024

It’s official!

Saudi Arabia is hosting the FIFA World Cup 2034™ and #NEOM is proud to be one of the five host cities.

The unique #NEOMStadium will offer an experience like no other.

#WelcomeToSaudi34 #Saudi34 Saudi Arabia FIFA World Cup 2034

The #NEOMStadium will be the most unique stadium in the world, over 350m above ground and seamlessly integrated into THE LINE.

It will feature cutting-edge innovations to enhance viewing and participation experiences.

#WelcomeToSaudi34 #Saudi34 #NEOM Saudi Arabia FIFA World Cup 2034

Sabar la

Build the bottom and basic done. It's the time heading up to sky

Nampak macam good sign.... This afternoon will fly

See how tomorrow moves

Profits getting higher and higher, on right track and greater momentum

Review of Group with Comparison in Current Quarter to immediately Preceding Quarter


The Group reported revenue and Profit before tax of RM235.2 million and RM8.9 million respectively in
the current quarter as compared to revenue of RM275.5 million and Profit before tax of RM4.8 million
in the immediately preceding Quarter. The decline in revenue is attributable to the final stages of
completion of major projects in the Middle East while marginal increase in Profit before tax is mainly
attributable to forex gains. Revenues from newly commenced projects would significantly contribute to
Group revenue in coming Quarters.
24. Prospects of the Group
With the Group’s current outstanding order book of RM5.7 billion and continuous reorganisation of resources with a strong focus on optimisation of costs and improving efficiency in its operations, the Group believes that the path of recovery is in motion.
With the settlement of the Ijarah loan for Vahana Aryan and the partial settlement of the Term loan with proceeds from disposal of a non-core land asset in Malaysia, the Group’s total borrowings have reduced by 42.8% from RM1,051.7 million to RM601.2 million during the current period. The Group is making further efforts to restructure its borrowings and strengthen its liquidity position.
The Trojena Ski Village project secured from Neom in Kingdom of Saudi Arabia is progressing well. The Design & Engineering works are on-going and the first steel structure was erected at the project site on 20 June 2024, meeting the first contractual milestone. The newly awarded Projects in the Middle East and India have commenced and are progressing. With the current outstanding order book, the Group foresees optimal utilisation of all its fabrication facilities in the coming quarters.
The Group is optimistic of its future prospects to achieve improvised financial performance.

QTR results out today or tomorrow

Kuwait University Stadium
Track & Field Stadium in Kuwait
Eversendai Construction W.L.L, Kuwait was awarded the Track & Field Stadium Steelwork Package of Building-G in Kuwait University Project.

The total Tonnage of Steelwork in this Project is 8451MT. This project is located in Sabah Al Salem University City in Kuwait.

The scope of Eversendai was to provide Connection Design, Shop Drawings, BIM Implementation & Coordination, Erection Engineering Study & Stage Analysis, 3D Modelling, Workshop Fabrication Drawings, Supply, Fabrication, Composite Floor Decking, and Erection of Structural Steel Works. All the Design, Engineering & Detailing scope of works was completely taken care of In-House Engineering Department of Eversendai Dubai Office and successfully completed in line within the project schedules.

Maybank Research TP 62cents

https://klse.i3investor.com/web/blog/detail/mercurysec/2024-11-19-story-h474637255-Eversendai_5205_Forming_Stage_for_Pattern_Breakout

TP 58c

Tomorrow sure will hit it

Qtr results out this month, follows with good announcement

Come and visit #Trojena at Cityscape Global and see how the vision for future living in the mountains of NEOM is taking shape. Cityscape Global in Riyadh, Nov 11-14. Join us at the world’s largest real#CityscapeGlobal2024

#NEOM

Closing Day 3 at the World Travel Market (WTM) in London, we celebrate not only promising connections but a full event of trailblazing ideas coming together to reshape the future of tourism.

Trojena is proud to end our 3rd year of participation at @WTMLDN on a high note, showcasing the tremendous development milestones we achieved in 2024 and ultimately showing how Trojena will redefine luxury mountain tourism.

Trojena thanks those that made this year's event possible - we're already looking forward to the next one!

Yeah

Kuda Giving 1st Prize to SENDAI

Coming....HEHE

As part of Team Eversendai..the Structural Steel specialist, its indeed a matter of imense pride to be part of NEOM 's first completed project in the beautiful luxury island #SINDALAH ...the Jewel with pristine blue waters.

Yeah

Big Announcements ON THE WAY

Dapat Projek Besar Budget 2025 ke ?

SENDAI MARI

Yes, ON GOING and ON Targets

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

Eversendai Corporation Berhad went from making a loss to reporting a profit, in the last year.

We think the growth looks very prospective, so we're not surprised the market liked it too. Inflection points like this can be a great time to take a closer look at a company.

You can see how EPS has changed over time in

Eversendai Corporation has faced short-term price pressure, but the long-term outlook remains positive. The stock is expected to recover, with investors advised to stay in their positions

Hari ini YBrs Dr Sathia Prakash Nadarajan telah mengadakan perjumpaan bersama Pengasas Eversendai Tan Sri Dato A.K.Nathan.

Beliau merupakan seorang Warganegara Malaysia dan telah menjalankan perniagaan di seluruh dunia. Pengasas Eversendai, membina syarikat itu daripada syarikat pembinaan keluli struktur sederhana di Malaysia kepada salah satu kontraktor turnkey keluli struktur bersepadu yang paling dicari di dunia. Keazaman yang tinggi, keghairahan yang tinggi dan perhatian yang tajam terhadap butiran terperinci telah menjadi kuasa penggerak di sebalik pembangunan Kumpulan Eversendai.

Perjumpaan ini lebih tertumpu pada perkembangan idea pengajian perniagaan peringkat antrabangsa di India. Diharapkan perjumpaan ini dapat memberi manfaat dan kebaikan kepada masyarakat Hulu Selangor.

So it's good for Sendai or...?

洗盘， 然后就是一飞冲天了

https://uk.finance.yahoo.com/news/those-invested-eversendai-corporation-berhad-000747220.html?
Fri, 27 Sept 2024, 8:07 am GMT+82-min read
Those who invested in Eversendai Corporation Berhad (KLSE:SENDAI) a year ago are up 300%


When you buy shares in a company, there is always a risk that the price drops to zero. But when you pick a company that is really flourishing, you can make more than 100%. For example, the Eversendai Corporation Berhad (KLSE:SENDAI) share price had more than doubled in just one year - up 300%. It's also up 20% in about a month. And shareholders have also done well over the long term, with an increase of 160% in the last three years.

Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.

View our latest analysis for Eversendai Corporation Berhad

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

During the last year Eversendai Corporation Berhad grew its earnings per share, moving from a loss to a profit.

The result looks like a strong improvement to us, so we're not surprised the market likes the growth. Generally speaking the profitability inflection point is a great time to research a company closely, lest you miss an opportunity to profit.

(Edge Weekly) In his latest interview with The Edge, Eversendai Corp Bhd’s founder and largest shareholder Tan Sri AK Nathan, who is also Eversendai's executive chairman and group managing director, shared how the group plans to manage the risks associated with the projects at hand.

KUALA LUMPUR (March 23): Structural steel specialist Eversendai Corp Bhd shares jumped earlier this month following four contract wins worth RM5.4 billion combined, which brought its outstanding order book to RM6.6 billion.

One of the contracts is the mind-boggling outdoor ski resort in Saudi Arabia dubbed Trojena, with 36km of ski slopes located up the mountains in the Tabuk province near the Red Sea, and bordering Jordan and Egypt.

Despite its strong execution track record, eyebrows were raised over the size of the contracts at hand, the degree of difficulty in bringing to reality the ski village, as well as the financial strength that will be required to execute such a project.

“I see Eversendai being able to showcase profits quarter by quarter. This will be a positive year and 2025 will be on another level altogether,” said Eversendai’s founder and largest shareholder Tan Sri AK Nathan.

In his latest interview with The Edge, Nathan, who is also Eversendai's executive chairman and group managing director, shared how the group plans to manage the risks associated with the projects at hand.

The self-made entrepreneur said that Eversendai is putting the house in order to capture the upside of its contracts, amid an extended recovery from its oil and gas (O&G) venture in the 2010s that was further expounded by the Covid-19 pandemic.

He also responded to questions about an earlier related party transaction, which saw Eversendai face financial strain due to a contract to build two oil O&G vessels for a company linked to Nathan. The group is closing its chapter on the O&G venture, even as the industry is seeing better days again.

Can Eversendai regain investor confidence with the staggering Trojena project, in Nathan’s words, paving the way back to its glory days? Read the rest of the story in this week's issue of The Edge Malaysia weekly.

Save by subscribing to us for your print and/or digital copy.

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Eversendai Construction Pvt Ltd Recruitment
Apply Link:- https://itijobupdate.in/

Terima kasih semua rakan media di atas liputan berita lawatan kerja di Dubai, Emiriah Arab Bersatu (UAE) bersama delegasi KKR, JKR, LLM, CIDB dan MOT baru-baru ini.

#KKR
#MYJalan
#MalaysiaMadani
#DUBAI
#EVERSENDAI
#SALIK
#ITSDUBAI2024

Agreed

With the arrival of Trojena’s first crane and steel in the Ski Village, construction of one of the development’s signature assets could finally begin. Celebrating the major milestone in Trojena’s journey. Michael Florit (Project Director), Jean-Philippe Patesson (Executive Director - Projects) and N.S Rao (COO, Eversendai) were on-site to celebrate the team's achievements and to highlight this vital step in making Trojena's Ski Village a reality.

#NEOM #Trojena

Rangkuman lawatan kerja ke Dubai, Emiriah Arab Bersatu (UAE) bersama delegasi KKR, JKR, LLM, CIDB dan MOT. Lawatan ini pasti membawa manfaat yang terbaik kepada negara Malaysia tatkala kita meneroka peluang dan lapangan di peringkat global yang mampu dimantapkan buat kesejahteraan rakyat Malaysia.

#KKR
#MYJalan
#MalaysiaMadani
#DUBAI
#EVERSENDAI
#SALIK
#ITSDUBAI2024

"Kilang fabrikasi keluli tercanggih ini telah membina beberapa struktur mercu tanda yang paling ikonik di dunia seperti Burj Khalifa dan Menara Merdeka 118," katanya.
Nanta berkata Pengerusi Eksekutif dan Pengarah Urusan Kumpulan Eversendai serta pengasas syarikat itu Tan Sri Datuk A K Nathan dalam satu kenyataan menyifatkan Eversendai sebagai kebanggaan negara dan berbangga untuk mengibarkan Jalur Gemilang setinggi-tingginya dengan menjadi sebahagian daripada rekod dunia untuk bangunan julur terpanjang di dunia

Penyumbang pembinaan mercu tanda ikonik dunia, Eversendai jadi kebanggaan negara
Bernama
18/09/2024 07:45 MYT
Penyumbang pembinaan mercu tanda ikonik dunia, Eversendai jadi kebanggaan negara
Nanta (dua, kiri) melawat kilang fabrikasi keluli terbesar milik Eversendai di Hamriyah Free Zone Establishment, Sharjah, UAE baru-baru ini. - Facebook Alexander Nanta Linggi
KUALA LUMPUR: Mungkin ramai yang tidak mengetahui syarikat pembinaan kebanggaan negara, Eversendai Corporation Bhd (Eversendai) merupakan antara penyumbang pembinaan beberapa mercu tanda ikonik di dunia termasuk Burj Khalifa (Dubai), Al Shams Sky Tower (Abu Dhabi) dan Menara Berkembar KLCC serta Menara Merdeka 118.
Perkara berkenaan dikongsikan Menteri Kerja Raya Datuk Seri Alexander Nanta Linggi dalam hantaran menerusi Facebooknya selepas melawat kilang fabrikasi keluli terbesar milik Eversendai di Hamriyah Free Zone Establishment, Sharjah, Emiriah Arab Bersatu (UAE) baru-baru ini.
Nanta yang dalam lawatan kerja rasminya ke Dubai berkata Eversendai merupakan satu-satunya syarikat pembinaan Malaysia mencipta rekod dunia dan pencapaian penting dalam industri pembinaan dengan projek mercu tanda ikonik "One Za'abeel" di Dubai pada 2020.


"Dalam lawatan ini, saya telah diberikan taklimat berhubung pengoperasian kilang, pembuatan, fabrikasi besi dan reka cipta struktur bangunan yang dilaksanakan di kilang tersebut.
"Saya dimaklumkan bahawa teknologi BIM (Pemodelan Maklumat Bangunan) diguna pakai dalam pelaksanaan projek terutamanya dalam peringkat penyediaan reka bentuk projek khususnya struktur keluli," katanya dalam hantaran itu.

Beliau berkata Eversendai mempunyai 15,000 tenaga kerja dan lebih daripada 300 projek telah dicapai di lebih 14 negara dengan lima kilang fabrikasi keluli yang terletak di Malaysia, Dubai, Sharjah, Qatar dan India dengan kapasiti tahunan sebanyak 150,000 tan.

KUALA LUMPUR: Many may not know that a Malaysian construction company, Eversendai Corporation Bhd (Eversendai), is one of the main contributors to the construction of several iconic landmarks in the world including Burj Khalifa (Dubai), Al Shams Sky Tower (Abu Dhabi) and KLCC (Petronas) Twin Towers and Merdeka 118 Tower.

The achievement was shared by Public Works Minister Datuk Seri Alexander Nanta Linggi through a post on his Facebook after visiting Eversendai's largest steel fabrication factory located in Hamriyah Free Zone Establishment, Sharjah, UAE recently.

Nanta, who was on an official working visit to Dubai, said Eversendai is the only Malaysian construction company to create a world record and an important milestone in the construction industry for the iconic landmark project "One Za'abeel" in Dubai in 2020.

"During this visit, I was given a briefing regarding the operation of the factory, manufacturing, iron fabrication and the design of the building structure carried out at the factory. I was informed that BIM technology is used in the implementation of the project, especially in the preparation stage of the project design, especially the steel structure," he said in the message.

He said Eversendai has a workforce of 15,000 staff and more than 300 projects have been completed in more than 14 countries with five steel fabrication plants located in Malaysia, Dubai, Sharjah, Qatar and India with an annual capacity of 150,000 tonnes.

Yeah

https://theedgemalaysia.com/node/726025

KUALA LUMPUR (Sept 9): Eversendai Corp Bhd (KL:SENDAI) said the group has received full debt settlement in relation to one of its oil and gas (O&G) lift boat deliveries to the private vehicle of its largest shareholder and group managing director Tan Sri AK Nathan.

In a statement announcing a RM1.1 billion new contract wins by Eversendai, Nathan said the group’s Ijarah facility drawdown for the first lift boat, Vahana Aryan, “has been fully settled by Vahana Offshore (M) Sdn Bhd”.

Eversendai raised borrowings to build two lift boats contracted by Vahana Offshore, where Nathan is also a shareholder, back in 2014.

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“Eversendai’s total borrowings has reduced by 26% from RM1.05 billion (at end-2023) to RM778 million, and we are working towards reducing the borrowings further in the next few years,” said Nathan, who owns 69.77% in Eversendai, where he is also executive chairman.

The debt reduction has been reflected in the group’s April-June quarter. In the same period, trade receivables fell to RM476.47 million, from RM89.52 million at end-2023, partly thanks to Vahana Offshore’s settlement.

The Edge has reached out to Eversendai on the amount cleared by Vahana Offshore for the first vessel, and the outstanding balance for the second vessel.

The latest balance sheet position has reduced Eversendai’s net gearing to 1.74 times, from 2.78 times at the end of last year. Short-term borrowings stood at RM758.28 million, while retained losses stood at RM448.87 million, the company filing showed.

In total, Vahana Offshore contracted Eversendai to construct two vessels for RM850 million, but the O&G industry was swiftly hit by a prolonged downturn beginning in 2015.

Eversendai at the time took a loan to execute the liftboat contract. The plan was to transfer the loan to Vahana Offshore later, but the initial bank ran into financial troubles, and the subsequent bank insisted that the loan remain on Eversendai’s books, rather than on Vahana Offshore’s, Nathan told The Edge in an interview in April.

Shares of Eversendai traded seven sen or 13.3% higher at the time of writing on Monday, valuing the group at RM464.76 million.

https://www.businesstoday.com.my/2024/09/09/eversendai-lands-rm1-1-billion-in-contracts-including-for-new-f1-track/

Eversendai Lands RM1.1 Billion In Contracts Including For New F1 Track

https://theedgemalaysia.com/node/726016

Eversendai bags RM1.1 bil contracts in India, Singapore and Saudi Arabia

Tan Sri AK Nathan, executive chairman and group managing director of Eversendai Corporation Bhd, expressed that the Group’s current historic outstanding order book of RM6.7 billion including the newly secured projects will be a boost to progressively enhance Eversendai's turnover and profits. The Eversendai Group of companies is on the path to reach greater heights in 2025 and beyond with the record high order book in hand. Going forward, there are more lucrative high-profile projects expected to be secured in the Middle East and other countries where we currently have operations. The Group foresees progressive optimal utilisation of all its fabrication facilities with the current outstanding order book as the project momentum increases. The Group’s Ijarah facility drawn down for the first lift boat Vahana Aryan has been fully settled by Vahana Offshore (M) Sdn Bhd. Its total borrowings has reduced by 26% from RM1,052 million to RM778 million and we are working towards reducing the borrowings further in the next few ye

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3482073

Eversendai Corporation Berhad (KLSE:SENDAI) recently posted some strong earnings, and the market responded positively. We have done some analysis, and we found several positive factors beyond the profit numbers.

See our latest analysis for Eversendai Corporation Berhad

earnings-and-revenue-history
KLSE:SENDAI Earnings and Revenue History September 5th 2024
Examining Cashflow Against Eversendai Corporation Berhad's Earnings
In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. This ratio tells us how much of a company's profit is not backed by free cashflow.

That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking.

For the year to June 2024, Eversendai Corporation Berhad had an accrual ratio of -0.33. Therefore, its statutory earnings were very significantly less than its free cashflow. Indeed, in the last twelve months it reported free cash flow of RM414m, well over the RM27.1m it reported in profit. Notably, Eversendai Corporation Berhad had negative free cash flow last year, so the RM414m it produced this year was a welcome improvement.

Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Eversendai Corporation Berhad.

Our Take On Eversendai Corporation Berhad's Profit Performance
Happily for shareholders, Eversendai Corporation Berhad produced plenty of free cash flow to back up its statutory profit numbers. Because of this, we think Eversendai Corporation Berhad's underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem! And one can definitely find a positive in the fact that it made a profit this year, despite losing money last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you'd like to know more about Eversendai Corporation Berhad as a business, it's important to be aware of any risks it's facing. To that end, you should learn about the 3 warning signs we've spotted with Eversendai Corporation Berhad (including 1 which is a bit concerning).

This note has only looked at a single factor that sheds light on the nature of Eversendai Corporation Berhad's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.