KLSE INVESTORS CLUB wrote a note · May 10 08:28

SENDAI Secured four new contracts worth an aggregate RM5.4 billion

$SENDAI(5205.MY)$ which announced last week that it had secured four new contracts worth an aggregate RM5.4 billion .

It disclosed via a bourse filing the names of the companies that awarded the jobs, its recipient units, the tenures of the contracts, as well as the dates on which the deals were secured Its unit $SENDAI(5205.MY)$ Saudi LLC, in collaboration with Albawani Co Ltd, bagged a job for the structural steel signature building at the Trojena Ski Village from NEOM Company on March 7. The project is expected to be completed in 28 and a half months.

Another subsidiary, Eversendai Mega Structure FZ LLC, secured its contract in the UAE for structural steel works for the Wynn Al Marjan Island Integrated Resort Development in Ras Al Khaimah from ALEC Engineering and Contracting LLC — RAK Branch. The job was awarded on Dec 4, 2023, and will last for 11 and a half months.
Its subsidiary in India, $SENDAI(5205.MY)$ Construction Pt Ltd, secured two structural steel projects, one from RUPA Infotech & Infrastructure Pt Ltd (panning 23 months) and another from Maryland Infrastructure Pt Ltd (spanning 25 months) on March 8. These projects are for the Rupa IT building and the Rupa Crystal IT building.

$SENDAI(5205.MY)$ TP 0.76

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