南洋行家论股

怡克伟士 被低估宜买入

Tan KW
Publish date: Thu, 15 Mar 2018, 09:55 AM
Tan KW
0 456,277
南洋行家论股

目标价:1.35令吉
最新进展:

怡克伟士(EKOVEST,8877,主板建筑股)旗下的EkoRiver建筑获得吉隆坡市政厅颁发合约,扣除消费税后总值达9988万8888令吉。 

怡克伟士向马交所报备,该合约是“生命之河”(River of Life)第二期项目的配套2工程,负责吉隆坡帝帝旺沙花园的提升和美化工作。整项合约为期78周。 

行家建议:

从这项最新发展看来,怡克伟士是表现管理和传递单位(PEMANDU)引导项目的受惠企业。

截至目前,怡克伟士已经从“生命之河”项目中获得4项合约。我们相信借此工程记录,该公司有望在未来获得相似订单。

我们看好怡克伟士,因现持有订单高达130亿令吉,且来自大道收费站的经常收入持续至2069年。

此外,其股价处不合理水平,归咎于市场负面看待受私有化依海城(IWCITY,1589,主板产业股)进展。该公司在去年杪决定,以每股1.50令吉私有化后者,无意维持上市地位。

我们维持“买入”评级,按照分类加总估值法得出的1.80令吉股价,在折价25%后,保留目标价于1.35令吉。

http://www.enanyang.my/news/20180315/怡克伟士br-被低估宜买入/

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ks55

Who is this hollander?
Without Iwcity, it may be a 'buy', surely not a 'good buy' relative to other property counters.

When Lim Botak inject Iwcity into Ekovest, with cash alternative @ 1.50, nobody is going for share swap. So Ekovest has to borrow to accept all offered shares.

What make thing worse is Ekovest now has to resume all liabilities of Iwcity.
With Danga Bay fast becoming a ghost town, to be joined hand in hand with R&F, further aggravated by Forest City, no way Greenland going to continue with the project.
This will increase holding cost for land held for development.

Hollander should suggest developers with cheap land cost, building affordable landed properties or industrial properties, rather than trying to bring newbies to holland........

2018-03-17 10:41

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