KLSE: EKOVEST (8877)       EKOVEST BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.96   -0.01 (1.03%)  0.955 - 0.975  4,077,000
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Market Cap: 2,052 Million
NOSH: 2,137 Million
Avg Volume (4 weeks):6,326,970
4 Weeks Range:0.935 - 1.03
4 Weeks Price Volatility (%):
52 Weeks Range:0.89 - 1.47
52 Weeks Price Volatility (%):
Average Price Target: 1.35
Price Target Upside/Downside: +0.39

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2017[#2]  |  27-Feb-2018
Next QR | Est. Ann. Date: 31-Mar-2018  |  30-May-2018
T4Q P/E | EY: 16.50  |  6.06%
T4Q DY | Payout %: 2.08%  |  34.42%
T4Q NAPS | P/NAPS: 0.94  |  1.02
T4Q NP Margin | ROE: 11.30%  |  6.19%


Date Subject
18-Mar-2018 Ekovest - From a perspective of a minority shareholder
17-Mar-2018 SOS Ekovest + 62% IWC good deal?
15-Mar-2018 怡克伟士 被低估宜买入
14-Mar-2018 Ekovest - Key beneficiary of River of Life project
13-Mar-2018 Mplus Market Pulse - 13 Mar 2018
13-Mar-2018 PublicInvest Research Headlines - 13 Mar 2018
19-Feb-2018 M+ Online Technical Focus - 19 Feb 2018
19-Feb-2018 Daily Market Update - 19 Feb 2018 (EKOVEST, GKENT)
13-Feb-2018 热门股:怡克伟士上挑RM1.14
11-Feb-2018 140亿合约在手.大道收入稳定.怡克伟士盈利看涨
08-Feb-2018 Ekovest - ‘DUKE’ of urban links with real estate beauty
09-Jan-2018 怡克伟士上挑RM1.27/敏源
29-Dec-2017 Why acquisition of IWCITY is a good move for Ekovest - felicity
20-Dec-2017 怡克伟士全购条件没变.海滨城市反应平平
19-Dec-2017 PublicInvest Research Headlines - 19 Dec 2017
19-Dec-2017 Mplus Market Pulse - 19 Dec 2017
01-Dec-2017 Ekovest (8877)- 不經一番寒徹骨,焉得梅花撲鼻香。EKOVEST 的股价会否从此扶摇直上?- INVESTMAN
01-Dec-2017 How will EKOVEST react to IWCity's latest 2,598% QR profit increase?
30-Nov-2017 购海滨城市成本.怡克伟士股价全面反映
30-Nov-2017 洽购海滨城市.怡克伟士股价全面反映

Business Background

Ekovest Berhad is engaged in investment holding and civil engineering and building works. The Company operates in two segments: Construction operations and Investment holding. The projects successfully completed ranges from construction to turnkey design and build for clients, including government and semi government bodies and private companies. These projects include University Malaysia Sabah, Kuala Lumpur Sentral station, KLCC Fit-Out Package, Labuan Financial Park, Kuala Lumpur International Airport, The Federal Administration Capital of Putrajaya, Universiti Tun Hussein Onn Malaysia and DUKE Highway. The Company's subsidiaries are also engaged in design, construction and maintenance of the Natural Institute for Natural Products Vaccines and Biology. The Company's subsidiaries include Binawani Sdn Bhd, Milan Resources Sdn Bhd, Ekovest Construction Sdn Bhd, Ekovest Project Management Sdn Bhd, Ekovest Land Sdn Bhd, Saujarena Bina Sdn Bhd and Ekovest-Faber Sdn Bhd.
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  16 people like this.
Striker90 Not Kanina, is KaNaSai to be exact lol
22/03/2018 13:53
ran777rpt Only his nephew is forcefully wanted and pushed to vote ‘Yes’. I presumed that the CEO also not keen in this deal. He has many ways to make Ekovest prosper besides his relationship with the authorities.
22/03/2018 13:53
Jonathan Keung Botak ( personally ) need to use Ekovest to take over IWH. What he feels are entirely his own not me. I dont see any merit (Ekovest) putting their cash into IWH and only rewarded 4-5 years down the road. What i know i lost $$$ after his proposal . Ekovest shares nose -dived
22/03/2018 13:54
22/03/2018 13:55
ran777rpt Thanks Striker for your correction, I will try to remember this name.
Botak is a parasite in Ekovest clinging and appearing in events hosted by Ekovest in public, actually it is the hard work of his nephew.
22/03/2018 13:56
JY108 that one sold, this one bought TAN SRI DATUK SERI LIM KENG CHENG
22/03/2018 13:56
ran777rpt There is exactly one weeks’ time for the EGM. Take notice how the share price is dingling dangling both IWC and Ekovest. A COMPLETE NEGATIVE OPINION by all, not only minorities.
22/03/2018 14:05
SJSOON Yes. High chance that the outcome of the vote 50:50. I will support the “No” vote despite the fact that I am very minor holder.
22/03/2018 14:14
SJSOON Hopefully the proposal is rejected. All minorities stabd as one, LKH cannot bully us.
22/03/2018 14:14
SJSOON My core argument is why LKH wanna park IWCITY temporarily under Ekovest for the sake of listing IWH in future. I feel like Ekovest is akin to being a prostitute, people have fun on her and then bye bye and zao.
22/03/2018 14:16
ran777rpt Ha ha ha
22/03/2018 14:18
tokti I love to read this forum now...hahaha...no curse of Botak but more interesting..even though mostly loss money here...hahaha
22/03/2018 14:41
tokti Most Botak..so called friends, lost heavily too...
22/03/2018 14:41
tokti All listened to Botak n trust him...so do i...F
22/03/2018 14:42
Wing23 hold almost half years gt abit tired of this botak game
22/03/2018 14:53
ran777rpt Tokti, for us this one year is neither year of rooster or year of the dog. It is year of the Botak. Bad luck botak all my wealth. I am becoming botak now. So are you I suppose.
22/03/2018 14:57
JY108 i hold 1 year plus dy... thought rooster year TS let me huat huat
22/03/2018 15:02
GaRRYtan does listing of IWH will benefit ekoveset? Any asset or core business that IWH held.
22/03/2018 15:03
SJSOON GaRRYtan, it is just a matter if left pocket shift to right pocket.
22/03/2018 15:11
veln82k6 If want all the shareholders vote no at the EGM let the share price drop more better. It will rise strongly after it fail.
22/03/2018 15:25
Striker90 Is 4PM
22/03/2018 15:49
JY108 4pm price jump off the clift
22/03/2018 15:57
warchest SJ soon good analogy - Ekovest like a prostitute. But to be precise botak made Ekovest pregnant so that he can get a son, IWC / IWH. All the pain while delivering the baby is with Ekovest. And after delivered the son (IWC / IWH), than botak will abandon ekovest
22/03/2018 16:04
Muarmali warchest, everyone loves money. we are under no undue influence to trade shares. don't blame botak. be smarter. :)))
22/03/2018 16:08
Striker90 Wah very high queue buy, mari mari bom!
22/03/2018 16:21
warchest Muarmali agreed, sometimes just need to crack joke only cheers
22/03/2018 16:22
Wilfred51a Strong support @ 0.955
22/03/2018 16:26
Wilfred51a Blocking @ 096 so no show for today
22/03/2018 16:31
Leong1982 http://www.klsescreener.com/v2/news/view/357021
22/03/2018 16:45
xanmama https://www.thestar.com.my/business/business-news/2018/03/22/iwc-minority-shareholders-urged-to-accept-takeover-offer/
22/03/2018 16:55
xanmama fuyoo.... they advised IWC minorities to accept share exchange
22/03/2018 16:56
CrazyNutBull just sit and wait for the show :) time factor
22/03/2018 17:08
bursa36 If IWC not receiving money from Greenland, ofcoz they will accept share swap with ekovest. So what's the status of the payment?
22/03/2018 17:11
JY108 post here for those dont want to click on link

PETALING JAYA: BDO Capital Consultants Sdn Bhd, the independent adviser to Iskandar Waterfront City Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

’s (IWC) minority shareholders, has advised them to accept the takeover offer from Ekovest Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

at RM1.50 per share.

Last December, Ekovest said it has proposed to undertake a conditional voluntary general offer to acquire all the offer shares in IWC at RM1.50 per share. The consideration of the offer shares will be satisfied via cash or share exchange options.

In a circular to minority shareholders filed with Bursa Malaysia Thursday, BDO had advised and recommended that shareholders to accept the offer.

“Based on our evaluation, we are of the opinion that the cash option is not fair but reasonable whilst the share exchange option is fair and reasonable to the holders,” BDO said in the circular.

The independent adviser said the share exchange option was more favourable due to the exchange ratio of more than one ranging from 1.26 to 1.33.

An exchanging ratio of more than one indicates that the holders are effectively receiving Ekovest shares which are higher in terms of a fair value than IWC shares to be surrendered, BDO said.

“The IWC shares have not traded above the offer price for the past three years prior to the March 15, 2018 (LPD), except during the Iskandar Waterfront Holdings Sdn Bhd (IWH) proposed merger scheme period,

“Additionally, the offer price represents a premium of approximately 7 sen, or 4.9% over the closing price of IWC shares as at LPD,” BDO said.

It noted that the average daily volume traded of Ekovest shares as a percentage over free float of about 43.72% for the past 12 months is higher than the average daily volume traded of IWC shares for the same period of about 13.79%.

Corporate News , IWC , Ekovest

Read more at https://www.thestar.com.my/business/business-news/2018/03/22/iwc-minority-shareholders-urged-to-accept-takeover-offer/#IyAGyZEvRZ388VMG.99
22/03/2018 17:29
JY108 so tomorrow see show, scary friday
22/03/2018 17:30
JY108 0.935 then 0.945 then 0.955 then 0.965 then 0.975
22/03/2018 17:31
22/03/2018 17:33
Wilfred51a Kaput
22/03/2018 17:38
tokti RIP dear all...among Botak so called friends, all silence on this matter...seems Botak has confidence to get through n no one know the price trend...they all just hold the babies only....i think...RIP
22/03/2018 17:38
Muarmali the phrase "not fair but reasonable" is shitty

not fair to small shareholders but reasonable for big shareholders to bully?

the "not fair" portion should be compensated by increasing the "reasonableness" portion.

“Based on our evaluation, we are of the opinion that the cash option is not fair but reasonable whilst the share exchange option is fair and reasonable to the holders,” BDO said in the circular.

why is it not fair? the cash option is too small?
why is it reasonable? because nobody else can offer the cash?
22/03/2018 17:42
Muarmali only cash can guarantee bonding and support in business world :)))
22/03/2018 17:46
Striker90 Hahahahaha
22/03/2018 17:55
Striker90 Everythg talk based on fair value, WTH if the share price now is low like shit LKH! Sohai also know stocks undervalue, but it is just toilet paper if the share price remain low
22/03/2018 17:56
Striker90 Go kill yourself la, poor IWCITY holder
22/03/2018 17:57
Striker90 More n more myst in this deal, nvr know what is the outcone
22/03/2018 17:58
Striker90 I wish you all the best EKO holders, for free IWCITY and super high Ekovest potential to hit over 1.50 based on fair value
22/03/2018 18:00
stupid why they ask iwc to accept but never ask ekovest to vote YES? because they know the deal confirm go through?
22/03/2018 18:07
ngng IWC share price 1.37. Ekovest share price 0.96. BDO advise IWC shareholders to do share swap? What a good profession?
22/03/2018 18:07
tokti US n China n Global Trade Wars are going to start tonight once the mad donald trump announce the tariff on USD 600 billion china products....RIP in all...all losing money, may still need to run
22/03/2018 18:07
tokti Sorry USD 50 billiin with China in trade war
22/03/2018 18:08


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