Tuesday, September 15th, 2020
by FARA AISYAH / pic credit: ekovest.com.my

SHARES of Ekovest Bhd and Iskandar Waterfront City Bhd (IWCity) jumped yesterday on the news that a deposit payment ceremony for Bandar Malaysia will be held today.

Ekovest, Iskandar Waterfront Holdings (IWH) and TRX City Sdn Bhd announced deposit payment of RM1.24 billion and an RM500 million advancement to TRX City, which is wholly-owned by Minister of Finance Inc.

Ekovest shares surged 21% or 10.5 sen to close at 61 sen per share, the highest recorded since May, with 290.08 million shares traded.

The counter started trading in the afternoon session at 54 sen, before increasing seven sen or 12.96% following the news.

It was the top four active counters in the local bourse yesterday. IWCity closed at 66 sen yesterday, up 8.5 sen or 14.78% higher with 75.57 million shares traded.

After the afternoon session, the counter gained five sen or 8.2%, to close at the highest since June. Tycoon Tan Sri Lim Kang Hoo is the common shareholder for Ekovest and IWCity.

He is also the majority shareholder of IWH. Last week, Ekovest, in an exchange filing, stated it has received an exclusive offer to enter into negotiation with IWH to explore the participation of the company as a strategic investor in the Bandar Malaysia development project through the proposed acquisition by the company of 40% of the equity interest held by IWH in IWH CREC Sdn Bhd (IWH-CREC).

IWH, through IWH-CREC, a joint venture vehicle between IWH and China Railway Engineering Corp (M) Sdn Bhd had on Dec 17, 2019 entered into a restated and amended share sale agreement with TRX City in relation to the acquisition by IWH-CREC of a 60% equity interest in Bandar Malaysia Sdn Bhd to undertake the development of the Bandar Malaysia project.

“The board of directors of the company wishes to announce that the board has agreed to commence exclusive negotiation to finalise with IWH in relation to the proposal, with a view towards entering into agreement within 30 market days from the acceptance of the letter, unless extended with the consent of both parties,” the group noted.

Ekovest added that the Bandar Malaysia project is a prime national economic project in which its direct participation and investment in IWH-CREC will potentially generate billions in orderbook sales arising from future infrastructure and development of Bandar Malaysia, which has an estimated gross development value of RM140 billion.

In July, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said TRX City had given IWC-CREC a four-and-a-half-month extension to pay the balance RM1.1 billion upfront deposit for the stake buy.

The deadline was moved to Sept 15, 2020 from Apr 30, 2020, due to the Covid-19 pandemic.

As at July, TRX City had received RM148.2 million of the RM1.24 billion advance from IWH-CREC.

Ekovest got 3 highways..
Think about that !

Ekovest announced that it has received an offer from Iskandar Haibin Holdings
To acquired 1 40% stake in IWH CREC, the south China Raiway Corporation's Yihai China Railway Company Limited, in order to participate in Malaysia Project

This afternoon before closing Topglove will shot high up

The supply of the rubber gloves will not be able to meet the demand in the next three years, Hartalega chairman Kuan Kam Hon said....
This was said in today Hartalega AGM

Right now, there is an enormous shortage, so we are always short of gloves.

Gloves ASP will be up soon....
Topglove tomorrow result once announced will be RM10 soon

Drop like this will be seing 10.98 very soon la today

Although this coming Nov Quarter result will be another red..
due to the big discount during Covid for 6 months
Dont sell Tenaga
Keep if not Tenaga will drop more and more

Tenaga.. Dont drop...
I bought at 11.5
Hold everyone ! Dont sell...

buying now

Tonight Bandar Malaysia cheque presentation ceremony
Tomorrow another new high

Opportunity for me to collect more

Opportunity for me to buy

Notion will limit up soon...
Tomorrow another new day Notion will up and up

Congrats to those who buy in 1.11

questnetter 0.435 roadblock cleared.
0.450 already now

next big block 0.460

what's happening?? any story to share :)
02/09/2020 3:36 PM


Questnetter...
Story will only be release upon reaching 0.7 ..
Thereafter, story out..
Will go up to RM1

Mark my words..
K1 RM1 TP.

UWC price hovers around 5.93...
Once past 6... shot like crazy to 7

jclim2003 Will UWC announce any bonus issue like PENTA & DUFU?
20/07/2020 12:53 PM

Sure JCLim...

Dr.Sim Rumor say UWC profit 25mil, lai buy buy buy. Never look back just buy and wait to see result.
21/08/2020 2:46 PM

Yes, Dr Sim... You are right.... I agree with you.
That why you see today Greatec increase to 7.08.
Why ?
Once UWC result out... qtr report targeted to out by Sept 3.
The result of UWC is be good.. good...
UWC price will goes up accordingly...

And Greatec price will also goes up in tandem

Go go go UWC...
Today, is a good time to buy in more UWC

Today TM quarter result release.. TM shot up so high
Cheers TM

TM result very good...
Expected coming Nov Qtr result will be also higher.

Buy TM into the future..
More up news coming

It all really depend on operator gonna push or not..
No push.. Jatuh
Got push... Naik

Simple mathematics only

up and down

be fearful when others are greedy

time to take profit

Joey23 Yes, very soon MTAG to reach 1.5
22/08/2020 11:36 PM

Yes...

buy mask...

annonymous26 Top up again at 1.26, go for it guys, go big or go home, this is the time.
24/08/2020 3:44 PM

yes.. yesssss

Opensys.. result to be release..
Will be great !
Profit making company

Opensys ... <limit up today

Notion : in collection mode...
Just added Notion 1.43
Then sit wait for the next limit up.
Potential next limit up at 2.5, cheers all notion share holders.

GI_GOD MingGoon do you have the report?
24/08/2020 9:37 AM

check out CIMB investor report... TP 6.81

Thong Guan TP 6.81

Thong Guan ( Tguan) today fly
Bonus issue 1 for 1

Thong Guan Industries Bhd, which plans to undertake a one-for-one bonus issue to reward shareholders, saw net profit jump 48.6% on-year to RM20.46 million in the second quarter ended June 30, 2020 from RM13.77 million, due to more premium product mix in its plastic packaging products, favourable exchange rates and lower raw material prices.

Revenue for the quarter, however, slipped slightly to RM228.03 million from RM229.71 million due to lower average selling price. It declared a second interim dividend of 2 sen.

For the cumulative six months, Thong Guan’s profit rose 42% to RM37.92 million from RM26.7 million a year earlier, while revenue grew 5.6% to RM472.06 million from RM446.9 million.

Mtag ... Apple of EMS Appliances...
Monday another limit up

MTAG’s earnings grew by an impressive 3-year CAGR of 27.5% to RM33m in FY19. According to Protégé Associates – an independent market research company, Malaysia’s label printing and converting industry is expected to grow at 5-year CAGR of 29% to RM8.1bn from RM5.5bn over 2018 to 2023. The growth will be driven by increase in the variety of end-user markets and better quality products.

Monday onwards, Notion will hit limit up again
Notion TP 3

Notion : Dual function/Product Mixtures
Dual Theme
Dual Gain

Notion also for Technology Stock
Notion also for Mask Stock

Adding 0.28

Permaju
Tomorow limit up

Mtag
Tomorrow limit up

Mtag
Always the good one
RM1 soon

Buy more ..
Tomorrow Notion another limit up
Price will be much higher again

Notion ..
2 times limit up today

Gpacket
Another show tomorrow

Permaju...
Coming...

Agree Reidtee...
Notion Tech company...
Tech company next trend up
Notion is 5G company.
Mask for Notion is additional income..

Most important for us buying Notion, is buying into a 5G Tech companies.
Notion next week will have a few limits up.
Mark my word

That's why Notion is shot up high now...

Frontkn..
Profit keep increasing each quarter, and quarter.
Cheers Frontkn

Those no experience, and panic throw Topglove..
After the Russia vaccine story die down, people will realise Covid still very bad in most countries.
USA each day, has a high number of new Covid infections.
Glove will still be in great demand, at least until end of this year.

Topglove will rise, and and the price will go up very high.
Remember, we have a date with Topglove at RM100
Dont let that go away !