Quick take: Eversendai falls 2.7% as Koon ceases to be substantial shareholder

TheStar Mon, Mar 18, 2019 09:54am - 5 years View Original


KUALA LUMPUR: Shares in Eversendai Corp Bhd fell over 2% in the early trade Monday following news that tycoon Koon Yew Yin has ceased to be a substantial shareholder.


The steel structure specialist fell 2.75%, or 1.5 sen to 53 sen with over 2.3 million shares traded. The counter is currently trading at a P/E ratio of about 5.9 times. In the past one year, the counter has fallen some 24%.


   

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