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[转贴] EKOVEST股东们反对IWCITY议案成功，算是场胜利的战役吗？- 西山
日期：
3月29日是EKOVEST的EGM大日子，此EGM的目的是对收购IWCITY的议案进行投票。这项议案是在去年10月31日提议的，当时消息一出炉后EKOVEST股价大跳水，下跌21仙至95仙。而之前笔者在EKOVEST AGM文章说过即使基本面再好在此收购提案结果未决定前，其股价都会有所压制。所以可以看出今年几次股价上涨都只能是假突破，无法超越消息出炉前的股价水平。
本来笔者打算请半天假参与这场盛宴的，但是工作繁忙就没有请假了。其实笔者已经预备这场议决是输了（即收购案赞成）。如果收购案赞成，短期对股价和财务是一大负担，但是起码EKOVEST不必再围绕着什么内部重组计划，毕竟其领导人丹斯里林刚河一直很想把IWCITY私有化。
当天约11点结果出炉，高达69.2%的股东投了反对票，灭了丹斯里林刚河重组大计。11.25am则暂停交易一个小时，让投资者消化此消息，2.30pm恢复交易。
所以笔者觉得还蛮可惜无法参与这个难得的场景。毕竟平时去AGM其实都是乏味无趣的，因为每一项议决多数是超过90%赞成通过的，这场难得有看到股东们聚集力量，达69.2%反对管理层的议决，笔者真的是觉得EKOVEST的股东们都太赞了。
而丹斯里林刚河则难言失望地表示如果他有权投票，结果将不一样。（注：因为林刚河是两家公司的股东，牵涉到利益关系，所以无权参与投票）的确，如果他参与投票，以他近4亿股票数量可以轻易让这项议案成功。
EKOVEST虽然在周四股价有所上涨，但是昨天的股价却回跌得更低，只有RM0.955。虽然小股东成功反对议案，但是这场战算是小股东们胜利了吗？
这里先思考这项议案被推翻对EKOVEST有什么好处及坏处。
好处是，虽然管理层一直强调IWCITY的估值很便宜，值得买入，可是真的不代表EKOVEST买入后可以产生synergy effect。所以往后公司可以继续专注建筑和基建业务，好好执行手上的计划和合约，而且投资者的焦点可以重新放在公司的基本面。
至于坏处嘛，虽然EKOVEST管理层表示尊重股东们的决定，但是实在是难以担保未来管理层还会有什么其他的重组计划主意，虽然看起来可能性很低。
那股东们还是最困惑的还是为什么反对成功了股价还是下跌啊？？这点笔者无法准确答到啦，毕竟股价不是起就是跌的啦，况且单日波动本来就是很难预测的。
不过，昨天的跌幅虽然大但是交易量其实并不是异常地高，所以笔者觉得还好啦，不排除是有心人制造的恐慌。今年股市不好，而EKOVEST是少数今年至今股价反而上涨的公司。事实上，EKOVEST去年已经被负面新闻缠绕，股价去年就下跌不少，所以剩下的下跌空间本来就剩很少了。
管理层说IWCITY估值很便宜，而笔者想说现在EKOVEST现有的估值更便宜，所以管理层就好好专注现有的业务吧。当然，笔者直言EKOVEST估值被低估，绝对不是买卖建议，因为便宜还有更便宜的时刻的哦！
西山
https://westhill90.blogspot.my/2018/03/ekovestiwcity.html
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1 person likes this. Showing 5 of 5 comments
Huh? You have good maths bro. Must give you a special oscar prize for mental paralympicsz
2018-04-01 19:08
This guy is very funny and he really thought that Ekovest is a property counter, joke
ks55 Every thing is relative.
Most property counters already less than half the price from their respective high.
By same analogy, Ekovest should be at 60 sen, iwcity at 70 sen.
01/04/2018 00:04
2018-04-02 09:54
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ks55
Every thing is relative.
Most property counters already less than half the price from their respective high.
By same analogy, Ekovest should be at 60 sen, iwcity at 70 sen.
Not to forget both Ekovest and iwcity share price were artificially maintained due to corporate exercise.
Otherwise might as well go for better buy.
2018-04-01 00:04