In the United Arab Emirates, Eversendai Offshore secured a project from Spain’s Dragados Offshore SAU to fabricate structural steel for offshore converter topside blocks for the LanWin2, BalWin3 and LanWin4 offshore grid connection projects in Germany.
The newly secured projects boost the group’s outstanding order book to RM6.
In a trading stocks note on Friday, the research house said the counter is seen moving sideways below the 64 sen resistance.
The outdoor Trojena Ski Village, which is being developed to host the Asian Winter Games in 2029, is part of a series of Saudi state-endorsed construction projects dubbed NEOM.
Last month, the company secured four contracts worth RM5.
“We are also constrained in making any single project announcement which jeopardises our position with our competitors and clients by disclosing the exact contract value for each individual project.
The construction group, whose shares have surged 68.
On Wednesday, the steel structure fabrication company announced that it has secured four new contracts in Saudi Arabia, the United Arab Emirates and India.
Eversendai executive chairman and group managing director Tan Sri AK Nathan: Despite going through a very challenging period in the last few years, exasperated by Covid-19 and its related impacts, Eversendai is optimistic that the group will be able to strongly rebound as a result of the record high order book, which will translate in optimum utilisation of all the group's fabrication facilities.
Its wholly owned unit Eversendai Engineering Sdn Bhd (EESB) received the winding-up petition letter from IRB on Feb 21, claiming a total of RM1.
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