ORANGE AIA KWAP all selling

EKOHATI has to fence off margin calls

Pain Purple Pain

OMG Pain

Everyone knows Prestariang will be recognising FAKE PROFIT for SKIN during the development stage in the first 2 years. FAKE ACCOUNTING PROFIT.

Should recognise SKIN profit like EcoWorld International

Should recognise SKIN profit like EcoWorld International

SKIN really skinned long time investors here. 70% only and also RI

Once Harris exited do you think Ekovest still can get RM 500m interest free loan from government?

IPP will only come into play at least 3 to 5 years in the future only

IPP is not even part of the rights issue stories. Long ling term investment.

So soon asking for money?

More like the old bosses of WCT wanted to cash out and retired, rather then Desmond chasing after WCT because he has a lot development projects.

After take over by Desmond, business as usual. What are you excited about?

That may not be all, very likely will ask for money by rights issue to kick start the SKIN project soon, at least 2 years before see the income.

Untill then, many more quarters of bad results.

Yes the market is very clear about it, for the SKIN concession, Prestariang; no income for at least 2 years during the construction and deployment stage.

For SKIN in fact, "progress payments" will start only after completion and commission.

Since there is no provisions for progress billings in the concession agreement for the construction and deployment stage, say, if the construction got stuck by the 2nd year due to unforeseen do you think the goverment your progress billed "receivable" will pay you?

If not, how can you recognise revenue during the construction and deployment stage based on progress?

In fact, "progress payments" will start only after completion and commission.

Since there is no provisions for progress billings in the concession agreement for the construction and deployment stage, say, if the construction got stuck by the 2nd year due to unforeseen do you think the goverment your progress billed "receivable" will pay you?

If not how can you recognise revenue during the construction and deployment stage based on progress?

Quarterly results will be same like the recent bad quarter result for many more quarters for a long while.

For the new concession, Prestariang; no income for at least 2 years during the construction and deployment stage.

You are talking accounting standards I am talking financial reporting standards, let's see how it will turn out.

At least the first 2 years will not have income from this concession till the completion of the construction and deployment.

Profit ought to be recognised at construction stage but only upon completion by the end of 3rd year not based on % of completion method.

Moreover untill completion do you really have the goods/services to sell?

If no how can recognise revenue moreover when there is no provision in the agreement for progress payments??

Worldwide % of completion method is the exception not the norm and in Malaysia it is being phased out even for normal housing construction due to the build and sell concept.

Moreover for concession agreement where do you see provisions for progress payment during the initial construction and deployment period like in a normal SPA for buying a house?

my take is that the development revenue for the build and deployment phase should be recognised by progress for the first 3 years

Since nowadays % of completion method is being paced out how about not by progress but upon completion by the end of the 3rd year?

CIMB say first 3 years no income very different from what Jay said

---- but the works are done in the first 3 years, which means Prestariang will recognise the fair value of the revenue in the first 3 years,

around RM1.5b for 3 years 0.5b per year what is all the hoohah?

When there is private placement proposed more often then not the share price will be pushed down

Grenades throw into club. Amber alert at airports. IS is coming. Pain.

Grenades throw into club. Amber alert at airports. IS is coming. Pain.

The big question that linger in people's mind is how much the leakage will be to the golf buddy? Big contact never foc.

KYY, Icon8888, Calvin all pump & dump. Red pain, Blue pain, Purple pain.

Own ones invest small got profit. Big ones from syndicate invest big big all red. Pain.

Buy insas whn its main value inari is dropping u sure?