Posted by anthonytkh > 2024-03-14 19:20 | Report Abuse

Check their website for AR and QR

Posted by DickyMe > 2024-03-14 20:18 | Report Abuse

If Malaysian company cannot make money India, whose fault is that?
Isn't that management's bad decision?
Don't show your discriminative racist behaviour to the world.

Posted by EngineeringProfit > 2024-03-14 20:35 | Report Abuse

Holding my free tickets till US10.00- no fears

Posted by Sslee > 2024-03-14 21:09 | Report Abuse

World Insights: Why multinational companies are quitting India
Source: XinhuaEditor: huaxia2024-01-10 18:08:15

HONG KONG, Jan. 10 (Xinhua) -- A long list of multinational companies has failed in India. Notable cases include General Motors from the United States, Vodafone Group from Britain, Holcim Group from Switzerland, and BYD from China.

It seems only fair for global giants to invest in India which boasts a large and steadily growing domestic market, an ample supply of inexpensive labor, a large group of English-speaking population, decent economic growth and a favorable geopolitical situation.

However, the list of obstacles they face in India is equally long: "regulatory flip-flops, high tariff barriers, red tape, perplexing land policies, infrastructure issues and others tied to the ease of doing business," according to the Indian daily newspaper Deccan Herald.

To make things worse, the Indian authorities do not hesitate to show their ability to subject foreign companies to unfair treatment and even persecution. The third-largest economy in Asia is seeing many foreign firms giving up on the country.

THE INDIAN PARADOX

For foreign companies which expect a predictable, stable, and transparent policy framework and judicial system, the Indian authorities posed extra challenges over operational risks and market competition.

"While the government is making plans to simplify regulatory processes in India, the constant changes give rise to uncertainties," said Neeraj Agarwala, a director at consulting firm Nangia Andersen.

Worse still, there are 26,134 imprisonment clauses in India's business laws, according to an Observer Research Foundation report on the risks of corporations doing business in India.

It has become commonplace for foreign companies in India to face hefty fines for an already long and still-growing list of violations that often ignite controversy in the business community.

"The legislation, rules and regulations enacted by the union and state governments have over time created barriers to the smooth flow of ideas, organization, money, entrepreneurship and through them the creation of jobs, wealth and GDP," said Gautam Chikermane, vice president of Observer Research Foundation.

According to PwC India's former leader on infrastructure Manish Agarwal, although foreign direct investment is still coming to India, strategic investors have stayed away.

"India needs to ensure proper project preparation timelines for public-private projects, provide balanced risk-sharing guidelines, and contracts should be enforced properly," Agarwal said.

RISK OF BLACKMAIL

Recent years have seen the Indian government double down on blackmailing foreign companies with trumped-up charges. Google, Amazon, Nokia, and Samsung have all suffered outrageous fines, while Intel, Wistron and others have also hit snags in the Indian market.

"You can earn money here; you can spend money here, but you can never take what you have earned here back home," some investors in the country have lamented.

Posted by qqq47660 > 2024-03-14 21:20 | Report Abuse

but India is a democracy lol.

Posted by DickyMe > 2024-03-14 21:27 | Report Abuse

"Source: XinhuaEditor: "

LOL!

Posted by DickyMe > 2024-03-14 21:29 | Report Abuse

If not up to expectation can wait another 9 years!

Posted by arv18 > 2024-03-14 21:43 | Report Abuse

The Directors of the Company wish to announce that ECB’s subsidiaries in Kingdom of Saudi Arabia (“KSA”), United Arab Emirates (“UAE”) and India have secured new projects worth RM5.4 billion.


The Projects

In KSA, its subsidiary company, Eversendai Engineering Saudi LLC in collaboration with Albawani Company Limited secured the first structural steel signature building from NEOM for the Trojena Ski Village, NEOM’s year-round mountain destination. The scope of work consists of engineering, connection design, material supply, fabrication and installation of structural steel, precast and concreting, metal decking and fireproofing for the iconic mountain resort in Trojena’s Ski Village.

In UAE, its subsidiary company, Eversendai Mega Structure FZ LLC secured the structural steel scope for the Wynn Al Marjan Island Integrated Resort Development in Ras Al Khaimah which will feature a 1,500 rooms luxury hotel with world-class shopping, state-of-art meeting and convention facilities, bespoke restaurants and lounges, extensive entertainment choices and other amenities.

Its subsidiary company in India has secured two (2) structural steel projects which includes the Rupa IT Building and the Rupa Crystal IT Building.

With the above new projects, the Group’s current outstanding order book is RM6.6 billion, a record in ECB history.

*4 Projects*

One JV in Saudi Arabia ( Trojena’s Ski Village), one in UAE ( Wynn Al Marjan) and 2 IT buildings in India.

Posted by arv18 > 2024-03-14 21:44 | Report Abuse

happy trading - just dun get stuck in value trap counters like insas! ;)

Posted by EngineeringProfit > 2024-03-14 21:53 | Report Abuse

Holding my free tickets till US10.00- no fears

Posted by Sslee > 2024-03-14 22:15 | Report Abuse

I already start selling my insas free tickets. Thank you for the reminder.

Posted by arv18 > Mar 14, 2024 9:44 PM | Report Abuse
happy trading - just dun get stuck in value trap counters like insas! ;)

Posted by Noni > 2024-03-14 23:13 | Report Abuse

Did the company clarify how much they expect to make from this award?

Posted by ks55 > 2024-03-15 07:42 | Report Abuse

Just look at the cash flow, very likely just another Linear Corp in Dinding Distrct Cooling Tower project, nothing materialised.

Posted by speakup > 2024-03-15 07:52 | Report Abuse

speakup also sold Insas after sifu Leno issue Sell Call

Posted by Michael R. > 2024-03-15 08:20 | Report Abuse

Billions.. to be completed when?

Posted by azfar8 > 2024-03-15 08:34 | Report Abuse

What can i see is, this company has had already many projects in that area, so going forward, they might be able to secure projects easily as they already may have trust in this guy work. Share price really at some times dont reflects the company fundamentals, there are plenty like that right? So, when the right time, you can sell your shares at your desired price. Just my opinion.

Posted by ks55 > 2024-03-15 08:46 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3430202

Anything you can derive from the above announcement?
How come there is no query from Bursa Malaysia?
There are thousands and one question need clarification.

Very similar to YTLP press release on 8 Dec 2023, until now no progress report whether it is still on or not.

Posted by kangcs > 2024-03-15 09:11 | Report Abuse

MARI MARI...MARI

Posted by mizieXX > 2024-03-15 09:13 | Report Abuse

Ikan bilis mencari rezeki..projek 5 bilion..kasi la share 50sen

Posted by kangcs > 2024-03-15 09:19 | Report Abuse

Janji La Boleh Sampai 50s ok jugak

Posted by azfar8 > 2024-03-15 09:24 | Report Abuse

Tu la, takkan tak boleh 0.50, jgn kedekut sgt, hahaha

Posted by DickyMe > 2024-03-15 09:41 | Report Abuse

Tunggu sembilan bulan

Posted by EngineeringProfit > 2024-03-15 09:43 | Report Abuse

Excellent track record, willing to work hard and power packed initiatives- not enough?

0.10 to 10.00, no fears- not letting go of my free tickets

Posted by SyedZZ > 2024-03-15 09:47 | Report Abuse

Based on recent qr this positive sentiment will continue until may

Posted by icecool > 2024-03-15 09:47 | Report Abuse

hahaha rr88 talking shit numbers again hahaha

Posted by EngineeringProfit > 2024-03-15 09:49 | Report Abuse

Don't play play with rr88. He's an expert in chart analysis

Posted by DickyMe > 2024-03-15 10:03 | Report Abuse

Only problem with Thamby is, he has large receivables and like to take bank loans. Profits dilute through bank interest.

Posted by EngineeringProfit > 2024-03-15 10:05 | Report Abuse

Yup, that's why I take back all my capital & just leave free tickets to bet - all the way to 10.00

Posted by Ganesan60 > 2024-03-15 10:57 | Report Abuse

Hi anyone knows wts iris price after consolidation pls?

Posted by Zachzach > 2024-03-15 15:04 | Report Abuse

Why going down? Got 5 billion project already..

Posted by DickyMe > 2024-03-15 15:20 | Report Abuse

You beginner?

Posted by Midi Nevermore > 2024-03-15 15:42 | Report Abuse

con news con company.just dont be be near ...

Posted by DickyMe > 2024-03-15 15:45 | Report Abuse

It's like a person licking shit and saying don't step on it.😂

Posted by Xienry > 2024-03-15 15:48 | Report Abuse

Runnnnn!

Posted by azfar8 > 2024-03-15 16:03 | Report Abuse

you have choices, if you want to run, run, if you want to stay, nobody hold you. It's normal in the investment or trading, you are not profiting if there are no loser. why harbour so much negativity, why showing like you are the only one profiting, the truest?

Posted by TeamRocket > 2024-03-15 16:17 | Report Abuse

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?

Posted by Cptzer0 > 2024-03-15 16:18 | Report Abuse

duality of man, run or all in

Posted by Zachzach > 2024-03-15 16:26 | Report Abuse

Buy buy buy
Soon gonn fly above 0.5

Posted by donthaveregrets > 2024-03-15 16:26 | Report Abuse

Last hour push up, buy buy buy!

Posted by zkdaniel > 2024-03-15 17:02 | Report Abuse

lol fun is over

Posted by keat9269 > 2024-03-15 21:23 | Report Abuse

where power

Posted by rr88 > 2024-03-15 22:10 | Report Abuse

Small brain icecool.
Speculative trading you need to think like a speculator. I run again the numbers. This time use what little brain you have.

Operator took big position 15 mins b4 market close 2 days ago during momentum surge 0.32 to 0.39.

The next morning he did the early churning buying all the sellers n selling at the same time 0.41 - 0.455. Here is a good facking trap. He conned n trapped the buyers.

When it dropped too fast to 0.365 he pushed it up to stabilise at 0.395 to 0.425 all morning. What did he do? He churned to unload his 0.32 - 0.39 shares, probably averaging at 0.36 cost. In churning, you sell he buys, you buy he sells, at the same time he did left pocket right pocket trading to nett sell.

By lunch time, he had sold off all his shares. After lunch he no longer supported the price and it started to turn red n continue going lower n lower as people who got conned earlier 0.395 - 0.425 started to cut losses. It came down all the way to 0.315 from 0.40. He bought back 0.32. I am not just saying. You could see some big volume traded traded at 0.32. Big dumping absorbed by big buying. It was the same operator who released shares 0.395 - 0.455, buying back.

He tried to push this morning but he was stopped at 0.355/0.36. This people (operator) they dont just hang around once they cant push, they sell back. They pocket whatever small profit they could. So he started churning 0.33 - 0.35 to unload his 0.32 shares. To you it seems like buying. But to the trained eyes, it was a nett selling operation.

Once he had done selling, and detected by big sellers, you see dumping below 0.32 to 0.305. This operator bought back 0.305 - 0.315. If he can play and enough people to play with, he will play. If not, he will sell back n it will drop below 0.305.

This is a con game. The idea is to con people to buy their shares that they acquire at cheaper price.

Understand now? You want to speculate, you need to master the art of speculation!

Posted by DickyMe > 2024-03-16 10:40 | Report Abuse

Ultimately it depends on the fundamental of the company with questions such as
1. Is it able to generate continuous revenue with new businesses?
2. Is profit growing?
3. Is it debt ridden?
4. Is management transparent, honest and timely in deliverance?
... more.

Posted by EngineeringProfit > 2024-03-16 10:45 | Report Abuse

See rr88 is correct again

Posted by Sslee > 2024-03-16 12:04 | Report Abuse

Included in the Group’s borrowings as of 31 December 2023 are bank borrowings denominated in
foreign currencies as follows:
Equivalents in Value in foreign value of Malaysian
currency currency
31.12.2023 31.12.2023
‘000 RM‘000
United Arab Emirates Dirham 293,674 367,416
Qatari Riyal 40,086 50,548
Indian Rupees 1,433,101 79,107
Singapore Dollar 2,651 9,230
United States Dollar 115,000 528,493

Posted by DickyMe > 2024-03-16 15:36 | Report Abuse

Total outstanding debt owing to bank, approximately
RM 1,059,114,189. Hopefully, Thamby can finish off US $ denomination loan first.

Posted by dompeilee > 2024-03-17 07:09 | Report Abuse

One of the very very small handful of stocks to have successfully KOREK million$ from the old two-faced reptile ConYY...besides Xinquan & JAKS... respect! Willingly hold on to my remaining RM322 investment in 900 remainder shrs even if it goes to zero due to eventual bankruptcy coz the boss holds 3/4 of the tickets & has not sold a single share since listing. Of course, it also helps that I've profited by over a thousand trading the stock medium-term in '13, '15, '18 & this week! Attended the AGMs in '14 & '16 [ in the now shuttered Istana Hotel] before the old KONYY got involved & was very impressed by the thamby's passion & self-belief! 😉

Posted by Whiteevoque > 2024-03-17 10:17 | Report Abuse

Wait for rebound on fibo lines to enter. Can give good wave 3 profits in the next few weeks

Posted by Kim > 2024-03-18 10:33 | Report Abuse

0.38-0.40 today

TP 0.60 sen

Posted by SyedZZ > 2024-03-18 10:35 | Report Abuse

Wow it’s moving up again