Bonus issue pending EGM on June 3rd 2020.
Time to reward shareholders.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3036614

If I'm the director, I won't sell any shares.

Based on the discussion here, the 0.10 share will rise more than 5,000% according to some ppl's TP.

No sea sand export, but river sand ok, natural resources minister clarifies

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https://www.malaymail.com/news/malaysia/2019/07/04/no-sea-sand-export-but-river-sand-ok-natural-resources-minister-clarifies/1768264

I believe is typo error.
It should be million instead of billion.
Just like the previous company, : Quality Concrete

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https://www.thestar.com.my/business/business-news/2019/12/10/quality-concrete-surges-on-massive-contract-later-rectifies-error

With interest rate getting lower, Banking stocks are no longer attractive and their net interest margin gets lower and lower.

Next month BNM will be announcing their interest rates movement.
Stay tune.

Different nature of biz.
Different capex size.
Different types of clientele


The closest company that is similar to Serba is Eversendai.
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Posted by diehardunited > May 2, 2020 11:15 AM | Report Abuse

If Frontken has now been trading at the price level before the Covid-19 market crash, this stock also should be traded higher too! Huge undervalued!

https://klse.i3investor.com/m/blog/fatprofitstock/2020-05-02-story-h15...

No one will know the private placement holders unless they appear in Bursa announcement.

You can monitor as follows:

1. Existing majority shareholders and their changes in their shareholding next few days.
2. Those previously holding less than 5% ownership will not be required to announce , and next few days announcing their ownership of share

Note: Anyone new holding that subscribes to the private placement but owns less than 5% will not be declared (this is what you can't see)

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Posted by soros228 > May 3, 2020 10:39 AM | Report Abuse

May I know who is the buyer of the private placement thanks.

Wrong.
Dividend first for preference share holders before declaring dividend to ordinary shareholders.

Posted by OTB > May 2, 2020 12:32 PM | Report Abuse

Posted by firehawk > May 2, 2020 11:46 AM | Report Abuse

From my understanding, Preference Share would not share the profit (unless it is converted to ordinary share), but entitle for dividend. Maybe i'm wrong .....
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Ans :
In Jaks case, Preference Share is entitled to dividend is good enough.
Not important to share the profit.
Am I correct ?
Thank you.

Fair deal for both CPECC and Jaks

That is why Jaks is able to exercise the additional 10% ownership in the COD + 3 years period.

@DK66

It reads as after 3 years expiry from COD date.

Good to know

Referring to the statement of the conversion period, it seems more beneficial and possible for CPECC to request to retain profit at JPP level from COD(06/2020) + 3 years(06/2023) and to distribute it after 06/2023 for it's 70% portion rather than 50% currently.

@Icon8888

Great article.
Just to note: The exchange rate for USD/MYR may be too optimistic.
If I recalled correctly, in the last 60 years, MYR ever touch RM4 and above was less than 6 years.

It rallied 100% since 1 month ago. It's very impressive already.

What's your expectation?

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Posted by Erudite > Apr 26, 2020 10:10 PM | Report Abuse

It’s a healthcare stock but haven’t really fly at all. Sure do well once mkt know & rerate it with sector peers

It's fake news.

If they complain, the door is wide open. No one pointing a gun at their head.

They can always work for another glove company.

Now every glove companies also in need of manpower.

Old news, 1 decade ago.

Buy or Sell at your own discretion.

Everyone has different risk appetite.

Like DK66 sharing his thoughts with good fundamental details should be applauded. He could choose not to share with you guys and keep quiet.

To be honest, I don't agree with everything he writes as I have y own reservation.

It's not like his post can have huge influence on the share price.

This is a free forum. Everyone can share their views freely.

What's the fuss about?

Beware of all these ppl giving calls like these.
.
Study and learn yourself rather than following them.

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Posted by pang72 > Apr 21, 2020 7:20 PM | Report Abuse

Back to 2.50...next week

Better to wait out for Q1 2020 result to see how bad it is.

Anyway, very unlikely you'll get the usual load factor pre-MCO. No need to expect good results at least till 2021.

I'm frequent flyer but I may not fly yet as I can still opt for Online Concall.

AA seating are so congested and tight, it's the easiest way to transmitted COvid-19.
i)Those for holidays will definitely wait till next year
ii) Those on biz trips will delay towards year end
iii) Those desperately need to fly will have to take the risk, numbers are small.

Those who travelled AA should know I'm referring to.

@monreyes

Bandar Malaysia will not take effect so soon. Finalising the land deals, equity financing, government approvals for design, etc may only materialised after 2023.

Reason being, by the time all the necessary approvals given, the current government may not be the same government in 2023. Deals may changed.

LKH will be wise to wait for the government in power from 2023-2028.

Thus, you can temporary forget about BM.
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Posted by monreyes > Apr 29, 2020 1:06 PM | Report Abuse

You buy Ekovest becoz of DUKE or Bandar Malaysia? There's one programe on TV recently on Msian economy post covid..1 of the major thing emphasized that will definitely boost our economy is to expedite ECRL, Bandar Malaysia and HSR

Expect good Q1 results in a few weeks to come.

However, it would be much better in Q2.

There's no catalyst/news for the price to move up or down.

Eg: If the company reported that the power plant progress will be suspended moving forward due to ..............................

Eg: If the power plant had successfully completed and fully commissioned...............................................

Eg: The company directors hauled by MACC for fraudulent transactions........................................

So plus 1 month MCO delay= February 2021 ???

Have anyone heard of this news?
I just found out today. I guess I missed it.



Commencement of tolling operations is accordingly expected to be deferred to January 2021, nine months later than the initially scheduled April 2020.

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https://www.marc.com.my/index.php/marc-rating-announcements/1136-marc-affirms-aa-is-rating-on-duke-3-s-rm3-64-billion-sukuk-with-a-negative-outlook-20191121

Tan Sri Shahril Shamsuddin still earns RM35 mil after 50% cut.

He should have taken a 90% cut instead.
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https://www.msn.com/en-my/news/national/genting-boss-is-malaysias-highest-paid-ceo-in-2018-sapura-energys-shahril-shamsuddin-is-next-with-rm72mil/ar-AAAXAtz

The other major revenue is the automotive industry where its global dealership(9 countries) covering BMW, Land ROver, Porsche, Jaguar,Ford,Hyundai, etc
Unlikely to sell much over the next few months.

Sime Darby Caterpillar biz will definitely be affected in view that most countries construction industry are halted.

Hibiscus average production cost is below USD25 pbl which is higher than the current crude oil for WTI and Brent.

With crude oil likely to remain depressed for some time, likely below USD30 till July 2020.

Expect most of Q2 2020 net profit completely wipe off

My opinion is there is no need to put a fair value on Airasia anymore as there are a few variables that cannot be determined.

Variables such as:
1) when AA can be fully operational and when other countries that AA flies to, will open their airspace/airport fully.
2) how much AA hedge upfront for the cheap oil now.
Note: it needs to book losses for 2020 that it had fully hedge earlier.

3) Will there be the same demand as before the covid-19 crisis
4) Should it reduce the current leasing planning and go back to owning more planes, which is more beneficial

Note: AA leasing already contracted up to June 2020

5)Based on March 2020 fixed overhead cost, will AA need to trim down in next few months or continue to hold on to them.


So many variable unknown, still can compute a fair value?????

A great run of 50% from 1.60 on 1st April till today.

https://www.malaymail.com/news/tech-gadgets/2020/04/21/u-mobile-is-offering-the-iphone-se-2020-soon/1858778

I think the sharks have better luck with stocks like Supermax or comfort.
The return is much better and faster.

Any company that is similar like Binacom but large in US, Europe, Japan and China?

Can elaborate more on how it's undervalue?
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Posted by ivanlau > Apr 23, 2020 7:47 PM | Report Abuse

most undervalue stock in banking sector......

One way to address the funding, liquidity and cashflow issue is to list JPP via IPO. As the enterprise value of the entity is greater than USD1 bil, selling down 20% or issuing new shares to public should raise more than USD200 mil for working capital and any capex required for the future.

60% of revenue of serba comes from middle east.

Now oil is almost USD20 for June 2020 contract.

Government has money to pay their own luxurious living?

Still have money for oversize projects by Serba?

Dato Karim better pray hard for crude oil to stabilise above USD40 per barrel in next few months, else middle east nations will be the biggest sovereign defaults of all time.

Sounds like a condom advertisement

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Posted by apolloang > Apr 22, 2020 9:49 AM | Report Abuse

play safe,be safe,better save than sorry

Suggest everyone to take profit after such a good run.

Don't want to be ruined by the Uncle.

Hope to see that but very unlikely

30/4/2020- Pang72 @ 2.50
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Posted by pang72 > Apr 21, 2020 7:20 PM | Report Abuse

Back to 2.50...next week

@ MJ Lee

Can't compare apple-apple.
As mentioned by <dleMoney66>, Ekovest has diversified biz.

But the main difference is:
1) the entry and exit of the highway
2) whether the users of the highway are daily users or not
3) How many interchange , township and business parks along the highway

If you compare the LDP,Sprint(LITRAK) and Duke 1,2 (Ekovest), you will notice a very obvious difference during peak hours.

It's probably too late for you to test it out now.

Those who use them on weekdays for LDP, SPRINT, Duke 1&2 will know what I'm talking about.



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Posted by MJ Lee > Apr 21, 2020 3:26 PM | Report Abuse

duke1,2,3 alone can bring good earning to Ekovest.

we can compare with the peer "LITRAK" which owned LDP highway. The stock valuated at rm3.90 after covid19 outbreak. the share number is 5x less than ekovest. roughly rm0.78.

this alone convince us that stock at least worth that price. Not to say ekovest have 3highway compare to LITRAK 1 highway.

Correct me if im wrong.

Share buybacks giving support.

What is wrong with this statement?
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AirAsia co-founder Tony Fernandes said this month the group had no revenue and 96% of its fleet was grounded. He added that “AirAsia is strong and remains firmly focused on the future”.

Airbus has put six jets made for one of its largest customers up for sale after giving up on Malaysia’s AirAsia taking delivery of them, sources familiar with the matter told Reuters.

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https://www.reuters.com/article/us-health-coronavirus-airbus-airasia-exc/exclusive-airbus-puts-six-jets-made-for-airasia-up-for-sale-as-crisis-deepens-idUSKBN2221R2

Oil price has no material impact on this company.
Only contributes a small part(<20%) of total revenue.
Most of the order book comes from PETRONAS.
Unless PETRONAS defaults on payment, which very unlikely.

May take awhile since short selling already banned.

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Posted by Jengacam2 > Apr 21, 2020 11:12 AM | Report Abuse

RM3 coming

I thought short selling was suspended already.

https://www.thestar.com.my/business/business-news/2020/03/23/short-selling-on-bursa-malaysia-suspended

No point buying in at this price for those interested.
Should bought it when it was below RM3 one months ago.
Better wait out for the quarter result next few weeks to estimate the impact.

Last year October already settle debts. Still discussed about dividend?????