Icon8888 Gossips About Stocks
(Icon) Ekovest - Gigantic Money Machine Likely Intact. Time For Risk Takers To Jump In
(Ekovest share price)
Ekovest has a good run earlier this year. Between February and March 2017, the stock went up from RM1.10 to RM1.50, a 36% return within a peirod of one month. Investors were euphoric about the stock. It looked unstoppable.
However, as we all know, the Bandar Malaysia deal was terminated in early May 2017 and Iskandar Waterfront City Bhd ("IWC") took a big hit. Even though Ekovest was not a party to the deal, it is the sister company of IWC. Fearing that the relationship between Tan Sri Lim Kang Hoo (the controlling shareholder of IWC and Ekovest) and the Malaysian government has broken down, investors pulled out of both stocks, causing share price to tumble.
Since then, Ekovest has been trading at around RM1.20, 25% off its peak. The market uneasily waited for fresh leads. Will IWC take legal action to protect its interest ? Is Ekovest still in the good book of the government ?
Yesterday, answer for the above questions finally arrived (in my opinion), and it was positive. Ekovest announced that it has secured approval in principle from the Malaysian government for the proposed development of "Kuala Lumpur River City".
To be honest, I do not know much about the River City project, and neither am I very excited about it (even though it could be quite lucrative, albeit over the longer term). What excited me was the POSITIVE SIGNAL - it seemed that the Bandar Malaysia issue is now water under the bridge, all the parties involved had decided to move on.
This augurs well for Ekovest's next mega project - privatisation of the Kampung Baru Link, Istana Link and Kapar Link Expressway, which was first announced on 17 January 2017.
As per the announcement above, the construction cost for the project is RM6.32 billion (usually will be undertaken by the concessionaire, which is Ekovest). Ekovest is still in negotiation with the government to finalise the details.
If this new project is successfully secured, Ekovest's order book will balloon to mouth watering RM11 billion.
For those with strong risk appetite (which I am one), maybe it is time to jump in.
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Icon8888 Gossips About Stocks
(Icon) Jaks Resources - IRR Model Shows That RM300 mil Net Profit p.a. For 30% Stake Is Plausible
Created by Icon8888 | May 01, 2020
(Icon) Notion VTec - Forget About The Virus, It Is Time To Rock and Roll
Created by Icon8888 | Mar 10, 2020
(Icon) Sam Engineering - Excellent Result. Share Price Can Potentially Double Within 2 Years
Created by Icon8888 | Mar 01, 2020
(Icon) Alliance Bank - One Off Provision Affected Previous Quarter Earning. Time To Buy On Weakness
Created by Icon8888 | Nov 13, 2019
Discussions
7 people like this. Showing 34 of 34 comments
I sold at lower price. How to buy? Latest news is BM bidder must be Fortune 500 companies. IWC qualify?
2017-06-22 15:56
Me blind? You don't know I have sold Ekovest or you blind?
Gaybird Lim Hi Date Haris. Your either is blind or stupid idiot. This article is about ekovest.
I believe you are blind. Correct me if I am wrong.
22/06/2017 16:04
2017-06-22 16:23
Don't care about Bandar Malaysia because it doesn't affect ecovest. What's more important is TS Lim's relationship with the government. Has he damaged it by going over PM's head direct to the chinese government to seek their intervention at the height of the IWC debacle? All these "approvals in principle" don't mean a thing if hes pissed them off permanently. They can always cancel them just like they did Bandar Malaysia.
2017-06-22 21:03
.
RVI123... In fact, the profit during construction period is a self-declared profit......
23/06/2017 12:09
.
2017-06-23 13:46
Risk takers all jumped into longkang.
I help Icon finish his title:
(Icon) Ekovest - Gigantic Money Machine Likely Intact. Time For Risk Takers To Jump In.... longkang
2017-07-13 16:34
Ekovest may or may not work in future.
But did anyone notice the extremely low traffic volume on the just opened Duke 2?
Is this the precursor of things to come in the future billion $ Duke 3 around KL? Duke 3 to have low volumes just like AKLEH? Can they survive as a company if the volume is low as AKLEH?
City planners and Ekovest people may plan as if every Malaysian is a millionaire and got plenty of money to pay tolls.
But with GST, high toll rates and huge inflation, anyone still got money?
2017-07-20 12:40
Stockmanmy,
I am also a victim of some idiot irrational behavior
I started with my own name "xuewen" , later on it was stolen by some one because he like the name so much
2017-07-20 16:41
time for editors to take away the button
only editors should have the button.
2017-07-20 16:46
I like you comment
I want to buy ekovest cheap around rm1
Not easy to find a great company selling cheap lah
2017-07-20 16:50
Actually RM 1 is also not cheap for me
My initial buy before the split is just around 0.7
2017-07-20 16:52
Ekovest got lot of connections.....
but they don't bother to manage Duke 1 properly...and worse of all, don't bother with the jams on MRR2 created by Duke 1....they don't even bother about the jams within Duke 1 itself.
Ekovest is just a badly managed political animal....they don't care, don't bother about the public.
2017-07-20 17:04
Post a Comment
Featured Posts
MQ Trading Signals
Time
Signal
Duration
Type
2024-04-25 16:50:00
EMA 5
10 Mins
SELL
2024-04-25 16:50:00
OBV
10 Mins
SELL
2024-04-25 16:50:00
EMA 5
5 Mins
SELL
2024-04-25 16:50:00
ADX
5 Mins
SELL
2024-04-25 16:50:00
MACD/RSI
5 Mins
SELL
Apps
Top Articles
1
Good Articles to Share
Malaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest City
2
3
4
THE INVESTMENT APPROACH OF CALVIN TAN
5
6
BFM Podcast
7
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
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....
ipomember
i think ekovest is not high risk, in contrast it is safe investment
2017-06-22 11:17