Man of Steel Goes Public to Expand

Eversendai Group Managing Director and Founder Dato' A.K. Nathan discusses:

- What made a Malaysia listing more attractive than Hong Kong or Singapore;
- Maybank Investment as advisers and their proposition;
- Quantum of demand for the shares;
- Main concerns among fund managers and investors;
- What they liked most about the company;
- Whether concerned that IPO market has been recently weak here as well as abroad;
- Relatively large proportion as offer for sale and whether that might send wrong signals to the market;
- Use of IPO proceeds;
- Order book details;
- Estimation of success rate;
- Quite a lot of capacity expansion in Malaysia -- whether positioning for ETP spending;
- Steel volatility and how managed;
- Details and reliability of steel supply;
- Whether concerned that Eversendai will be more exposed to global issues than local competitors;
- Eversendai's resilience to external turmoil;
- Details of relationship as structural steel partner for international contractors;
- Feedback on risk factors in prospectus;
- Diversification plans;
- Details of guidance for future net margins of 7.5-10% for Indian projects and 10-15% for both the Malaysian and Middle Eastern projects;
- Whether these margin are sustainable and why;
- The 2022 World Cup in Qatar: outlook.