KUALA LUMPUR (July 4): Eversendai Corp Bhd fell as much as 6.98% at mid-morning today, on possible profit taking on the counter.

At 9.58am, the stock was down 9 sen or 6.98% to RM1.20, with 4.62 million shares traded for a market capitalisation of RM959.64 million. Eversendai was the sixth-largest loser across Bursa Malaysia.

Over the past 12 months, the stock has surged 160.87% from 46 sen.

Analysts contacted by theedgemarkets.com said they were not aware of the reason for the drop in its share price.

For the first quarter ended March 31, 2017 (1QFY17), Eversendai reported a net profit of RM15.26 million, compared with its net loss of RM50.42 million in 1QFY16. However, revenue declined 10% to RM395.97 million, from RM440.73 million. — theedgemarkets.com

For more stories, download TheEdgeProperty.com pullout here for free.

SHARE
SPONSORED CONTENT
How Shang Height is transforming urban living and shaping tomorrow’s communities

Guided by its core philosophy of Practicality, Ingenuity and Sustainability, Shang Height Realty Sdn Bhd continues to deliver homes and developments that are practical in planning, thoughtful in design and built with long-term value in mind.

read more
RELATED POSTS
  1. Eversendai bags RM400 mil in new Singapore and India jobs, 1Q revenue up 26%
  2. CBH Engineering secures RM29.69 mil data centre substation job in Johor
  3. Sentoria shares to be suspended on April 21 after being wound-up