<div class=newsTextDataWrapInner><p><strong>Eversendai Corporation Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>EVERSENDAI (Fundamental: 0.85/3; Valuation: 2.0/3) last triggered our momentum alert on March 16 at 79.5 sen. The stock has since gained 20.8% to close at 96 sen yesterday.</p></div>

<div class=newsTextDataWrapInner><p>Last month, the company announced that it has bagged new contracts worth RM250 million in Malaysia, India and the UAE, surpassing the RM1 billion mark for new projects secured in 1H2015.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>This brings its order book to an estimated RM2.0 billion, providing earnings visibility for the next two years. The company expects to win more contracts from its current tender book of over RM23 billion.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>For 1Q2015, net profit expanded 76.5% y-o-y to RM19.4 million on the back of a 74.6% growth in revenue to RM402.8 million.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The specialist structural steel contractor derives most of its revenue from overseas operations, with Middle East accounting for 67% of revenue in 2014. Projects completed include structural steel work for KLIA, and Burj Khalifa in Dubai.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><img alt="eversendai_fd_150715" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/eversendai_fd_150715.png" style="height:606px; margin:5px; width:500px" /></p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on July 15, 2015.</p></div>


Eversendai Corporation Bhd (-ve)

EVERSENDAI (Fundamental: 0.85/3; Valuation: 2.0/3) last triggered our momentum alert on March 16 at 79.5 sen. The stock has since gained 20.8% to close at 96 sen yesterday.

Last month, the company announced that it has bagged n...

Stock With Momentum: Eversendai Corporation

Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.

Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

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MORNING CALL: 26/4/24

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KUALA LUMPUR (April 26): RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.

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LONDON (April 26): One fixture lurking like a troll in Arsenal's Premier League title run-in has probably consumed the thoughts of the club's fans more than any other -- Sunday's short trip to arch-rivals Tottenham Hotspur.

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(April 26): The Tesla Inc. shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.

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(April 26): Former President Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter....

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NEW YORK/LONDON (April 26): Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech sector, and Japan's yen sank through 155 per dollar for the first time since 1990.

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>


AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

<p>Chin Teck Plantations Bhd’s net profit surged sevenfold for the financial quarter ended Feb 29, 2024 (2QFY2024) thanks to higher palm oil production as well as lower operating and administrative expenses.</p>


Chin Teck’s 2Q net profit up sevenfold

<p>The Malaysian Anti-Corruption Commission (MACC) has served a senior police officer arrested on suspicion of protecting an illegal syndicate in the country's capital a notice to declare his assets before April 28.</p>


Senior police officer arrested for alleged corruption given until April 28 to declare assets to MACC

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<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>Pavilion Real Estate Investment Trust (PavREIT) reported that its first quarter net property income (NPI) jumped 33.2% year-on-year, thanks largely to contribution from its newly acquired mall, Pavilion Bukit Jalil. The increase was also attributed to higher occupancy rates and higher revenue rent from its other retail malls.</p>


PavREIT’s 1Q NPI jumps 33%, pays 2.48 sen distribution per unit

<p>TAS Offshore Bhd’s net profit has leapt by nine-fold year-on-year for the financial quarter ended Feb 29, 2024 (3QFY2024) due to more vessels delivered.</p>


TAS Offshore’s 3Q net profit up nine-fold, shares surge to eight-year high

<p>NEW YORK (April 26): Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms META.O.</p>

<p>Data on...

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

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US growth may get revised up, inflation will ebb

<p>Harvey Weinstein's 2020 conviction for sexual assault and rape was overturned by New York's highest court, reopening the landmark case that fuelled the #MeToo movement and highlighting the challenges of holding powerful men accountable.</p>


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<p>Hulu Selangor Bersatu action division head has been named as Perikatan Nasional's (PN) candidate for the Kuala Kubu Baharu (KKB) state by-election on May 11.</p>


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<p>EUPE Corp Bhd's net profit surged by 28.9% to RM14.54 million in the fourth quarter ended Feb 29, 2024 (4QFY2024) from RM11.28 million a year ago, underpinned by a higher contribution from the property development division.</p>


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<p>As part of its continuing quest to add long-haul destinations to its routes over the long term, AirAsia X is exploring possible destinations in Eastern European countries such as Poland and Hungary, and the airline is not ruling out revisiting London and exercising its landing rights to Orlando in the United States.</p>


AirAsia X mulls flying to Poland, Hungary, London and Orlando

<p>The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives hit a two-month low on Thursday, due to weaker soybean oil futures on the Chicago Board of Trade (CBOT), said a dealer.</p>

<p>Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market sentiment was also weighed down by the Dalian Commodity Exchange’s refined, bleached, and deodorised palm olein during Asian trading hours.</p>


CPO futures hit two-month low at the close, in line with weaker rival oils

<p>Prime Minister Datuk Seri Anwar Ibrahim on Thursday gave assurance that the revised Public Service Remuneration System (SSPA), which will be announced soon, will be the best ever introduced in the country.</p>


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<p>Infoline Tec Group Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia as it has met the profit requirements for the transfer.</p>


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<p>Al-’Aqar Healthcare Real Estate Investment Trust (Al-’Aqar REIT) is actively targeting to acquire yield-accretive properties from KPJ Healthcare Bhd as part of its asset expansion plan.</p>

<p>The proposed exercise will be funded through a combination of unit issuance and cash via bank borrowings, it said in a filing with Bursa Malaysia on Thursday.</p>


Al-`Aqar Healthcare REIT aims to acquire yield-accretive properties from KPJ Healthcare

<p>Heineken Malaysia Bhd announced on Thursday that it has nominated Martijn Rene van Keulen as its new managing director (MD).</p>


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<p>Malaysia nevers forget the sacrifices Australian and New Zealand heroes made during the World War II particularly in Sandakan and the lessons of history will be carried forward to the new generation.</p>


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<p>(April 26): Former President Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter....

<p>(April 26): The Tesla Inc. shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.</p>

<p>Tesla inves...