AnarchySons - Stock Ideas
Tropicana’s Danny Tan buys stake in EcoFirst
anarchysons
Publish date: Tue, 22 Feb 2022, 09:30 AM
anarchysons
0 28
The blog explores good and emerging stock ideas with high growth potential. We leverage on Fundamental Analysis techniques in identifying hidden gems on Bursa Malaysia.
"I had made what I believe was one of the more valuable decisions of my business life. This was to confine all efforts solely to making major gains in the long-run." - Philip Arthur Fisher -
"I had made what I believe was one of the more valuable decisions of my business life. This was to confine all efforts solely to making major gains in the long-run." - Philip Arthur Fisher -
Sources said that Tropicana founder, and major shareholder Tan Sri Danny Tan Chee Sing has emerged as the shareholder of property company, EcoFirst Consolidated Bhd, owning below the 5% mark for now.
This would be the second strategic shareholder in EcoFirst following Datuk Michael Chooi Yoey Sun, the co-founder of Signature International Bhd, who emerged as a substantial shareholder of EcoFirst with over 5% stake in Jan.
Danny Tan is currently the Group Executive Vice Chairman of Tropicana. Currently, he owns a direct stake of 24.52% and an indirect stake of 35.81% in Tropicana.
Danny Tan’s interest in EcoFirst is likely due to EcoFirst’s land bank in Ampang. His expertise and experience in the property industry are valuable to EcoFirst as the latter is heading for a township development under its current projects.
EcoFirst’s flagship development – the Ampang Ukay mixed development, could be sharply revalued as the Cabinet is due to announce the approved MRT3 stations and interchanges within the month, sources say. This could be another reason why Danny Tan is keen on EcoFirst.
The Cabinet is at the final stages of approving the stations and interchanges for the Mass Rapid Transit 3 (MRT3) or MRT Circle Line, and following the announcement, tenders are expected to kickstart for this mega project in 2022 with all phases estimated to complete sometime around 2030.
EcoFirst closed Monday at 58.5sen on volume of 31.96mil shares.
More articles on AnarchySons - Stock Ideas
YDP Agong raises his stake in Citaglobal Bhd to 12.4%
Created by anarchysons | Sep 19, 2022
Citaglobal
Strong growth ahead for Dancomech; also beneficiary of O&G, Palm Oil
Created by anarchysons | Mar 02, 2022
EcoFirst to benefit from new MRT3 stations which will be announced this month
Created by anarchysons | Feb 15, 2022
New Player in property firm EcoFirst – Datuk Michael Chooi Yoey Sun
Created by anarchysons | Jan 25, 2022
Genetec boss takes substantial stake WZ Satu, to play "active role"
Created by anarchysons | Nov 19, 2021
What MCO? Stellar results and dividends from Dancomech despite lockdown
Created by anarchysons | Sep 10, 2021
Three-A Resources Bhd – a Food & Beverage reopening play to consider
Created by anarchysons | Aug 23, 2021
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Apps
Top Articles
1
Koon Yew Yin's Blog
2
4
5
6
save malaysia!
7
8
Koon Yew Yin's Blog
Eversendai Corporation made a remarkable comeback in FY2023 - Koon Yew Yin
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
