TeamRocket

Current market cap is 332million with 5.8billion order book, so it’s almost 18x the market cap

2 weeks ago

InfinityTifanny

Sendai's net profit margin is quite low ..

2 weeks ago

Ellyn20

But trojena project not included in QR2 la.. They just started construction on July. Will wait till QR3.

2 weeks ago

xxxx

Disappointing, eps 0.05, order book 5.8B, so what? High order book does not equal to high profit. Might even incur a loss.

2 weeks ago

Ellyn20

Think abt new data center that everyone invested in suncon, gamuda, sime etc. The construction will only start after 1 probably 2 years later. Do u expect to get profit next month? 🤦

2 weeks ago

rpklim8888

Below 0.40 Sen is on the way........ very disappointed Q2,,, wait another 3 months for Q3!!!! huhuhuhu

2 weeks ago

kangcs

Huhu Qtr results out, 1st Half Profit 4.910m

2 weeks ago

kangcs

Kena tunggu good announcement la....

2 weeks ago

TeamRocket

i think this sendai boss not a good bos, indian......

2 weeks ago

kangcs

Pandai turns around... Pusing2

2 weeks ago

Risktaker79

This stock is surely not for those with weak hearts 😃

2 weeks ago

kangcs

The Group reported revenue and profit before tax of RM275.5 million and RM4.8 million respectively in
the current quarter as compared to revenue of RM399.7 million and Profit before tax of RM7.5 million
in the immediately preceding Quarter. These declines in revenue and profit before tax were attributable
to final Stages of completion of major projects in the Middle East region. Newly awarded projects would
significantly contribute to Group revenue in coming Quarters.

2 weeks ago

kangcs

With the Group’s current outstanding order book of RM5.8 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.
The Group’s Ijarah Facility drawn down for the first lift boat Vahana Aryan has been fully settled by
Vahana Offshore (M) Sdn Bhd. The Group’s total borrowings has reduced by 26% from RM1,052 million
to RM778 million and is also in the process of further restructuring its borrowings to 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 ongoing and the first steel structure was erected at the project site on
20 June 2024, meeting the first contractual milestone. The Group foresees optimal utilisation of all its
fabrication facilities with the current outstanding order book.
The Group is optimistic of its future prospects to achieve improvised financial performance but remains
cautious of the global geopolitical and economic uncertainties.

2 weeks ago

kangcs

Big Shark MASUK AGAIN

2 weeks ago

Ellyn20

Risktaker79

This stock is surely not for those with weak hearts 😃

Yes. this is for sure not for them

2 weeks ago

Ellyn20

they forget they are investing in a company that is in a recovering stages. Weak heart or impatient person better move to other stock la..

i'm sure from this Q3 onwards till middle east project competed in probably 2 years, we will see the growing profit. I hope they got more project coming from middle east again which contribute more to the company profit.

2 weeks ago

Hotstuff

Post removed.Why?

2 weeks ago

Risktaker79

Ellyn20 … absolutely correct😀

2 weeks ago

kangcs

1 hari je sudah U-TURN BACK

2 weeks ago

Tokyolo

Sendai is back

2 weeks ago

kangcs

We Think Eversendai Corporation Berhad's (KLSE:SENDAI) Profit Is Only A Baseline For What They Can Achieved

1 week ago

kangcs

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.

1 week ago

SellYouMust

Don’t be disheartened 🤓Keep nibbling at low 50s and better still 40s 😬

1 week ago

Ellyn20

Guess good news is coming. Suddenly go up so much

1 week ago

Apple2353

impressive ! one of the few greens today

1 week ago

mikewazowski

Serba in the making.

1 week ago

Ellyn20

Don't dengki le.. News released

1 week ago

Apple2353

Mana boleh 'Serba in the Making' when it is one of the few greens in a sea of RED ! News released dah.. going north..

1 week ago

kangcs

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

1 week ago

kangcs

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

1 week ago

kangcs

https://theedgemalaysia.com/node/726016

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

1 week ago

kangcs

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

1 week ago

Michael Kwok

Sendai
Pass 60 cents a must go.see 5-10 days can go back previous high.
9/9/24 2.55pm
***Join me as follower or guide(fee)..

1 week ago

Apple2353

Joker lah Michael Kwok. Sendai goes up you ask people to join you as follower or guide (fee).. price tak naik you langsung senyap on this counter...

1 week ago

Michael Kwok

I sell 60 cents already.in this down environment a boom of sudden must sell.if eversendai can get rm 5 billion project i wait for 70 cents range but no.rm 1 billion plus project 12 percent boom is ok.
9/9/24 3.05pm
Posted by Apple2353 > 1 minute ago | Report Abuse

Joker lah Michael Kwok. Sendai goes up you ask people to join you as follower or guide (fee).. price tak naik you langsung senyap on this counter...

1 week ago

Risktaker79

Nice very nice … not too late for those being negative 😃

1 week ago

kangcs

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.

1 week ago

Cptzer0

Comeback week

1 week ago

AlphaCapX

It should rise above 65sen this week on back of their debt reduction and record contract wins. Then again, their swings are volatile.

6 days ago

HIGHCHAPERAL

I am begging all Malaysians to stay away from eversendai. This pariah company was listed at RM1.60 any years ago and has only gone downhill. It has not paid a single cent as dividend BUT the company owner says the order book runs into billions all the time with losses or minimal profits. So what's happening? They don't know construction mathematics or is it designed that way? In the Middle East almost 98% of the mammoth buildings are built by eversendai. Where are the mammoth profits? I am of the strong opinion that the profits are in the cost of sales. Do you get my drift? KYY lost heavily by investing in eversendai. Please listen to me otherwise in eversendai you will surely die.

6 days ago

HIGHCHAPERAL

DO NOT TOUCH EVERSENDAI. LET THE OWNERS, FATHER & SON TRY THEIR LUCK AGAIN, ALL RETAIL SHAREHOLDERS STAY AWAY.

6 days ago

Ellyn20

Dear HIGHCHAPERAL,
We don’t need opinions on past events. Newly listed companies often experience losses in their early years before they start to grow. If you’re not confident this time, it’s best not to spread negativity. KYY's losses are his concern—everyone has their share of wins and losses.

6 days ago

SellYouMust

You better believe in him this time around 🤓😄

“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.

6 days ago

mikewazowski

Serba in the making. So many new projects yet nothing to show. Hard to believe this Thambi goreng king

5 days ago

gohkimhock

be extra careful with this counter..

4 days ago

mf

S&P 500 falls as traders deal with new inflation data, September volatility

4 days ago

Michael Kwok

Apple u were wrong i write .up and down on popular stocks.paid and no paid.from 2001 till 2024 sept 12.duh...only i3 cancel almost 15 set of my writing(50-100 posting per set).randomly cancel.go and ask pak tua my friend(he got cancel majority of his posting sept 2024.duhh.invest on stock must also take ur own risk.if 2-5 days no move must throw.
12/9/24 2.07pm
Posted by Apple2353 > 2 days ago | Report Abuse

Joker lah Michael Kwok. Sendai goes up you ask people to join you as follower or guide (fee).. price tak naik you langsung senyap on this counter...

4 days ago

Ellyn20

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3482752

4 days ago

kangcs

Yeah

4 days ago

Moomoo66

Quit true... trending in profits has started downhill since last 3q. This is a family run biz, and they ain't got anything to show except boasting like Rajnikanth in Bwood movies. Stay away from this parata roti Co.

3 days ago