PETALING JAYA: Analysts have cautioned that the planned 10% private placement by Eversendai Corp Bhd
may be viewed negatively by the market, given that it will reduce FY18 earnings per share (EPS) by 5% and only reduce the group’s net gearing by 15% to 0.85 times.
The share price fell 4.55% or 5 sen to RM1.05 yesterday following the group’s announcement of the exercise.
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