Thumbs up on the well written stress test!

Any idea if earnings is staggered from day1 of power plant being fired up?
Since the power plant is the sole revenue generator once the Malaysian property are completed by 2019, what will the company be earning in the Q1 2020?

So it's true.
Thanks for the info.

Thumbs up for the writings.
By the way, do you know the currently outstanding orderbook for the vietnam power plant.

Wow.
Didn't know it's still hot here.
I remember it was RM8 billion market capitalisation in 2008.
Those were the days.

Hoping to see Ekovest sell a portion of Duke3/SPE to EPF again and a promise of special dividend, similar to the sale of Duke 1 & 2 previously.

Should spike up on Tuesday morning in reaction to the oil price.

Most companies are avoiding manufacturing in China and US.

Greatech raised RM73.05mil from its initial public offering and plans to expand its operations to the US and China.

The Penang-based industrial automation solutions provider is planning to take their expertise and technology to the Silicon Valley and Shanghai.

Not a wise decision?

New biz segment for Pentamaster in VCSEL for electic vehicles.
Always inline with new technology.
Should be good.

Tadmax Resources Bhd has received government approval to proceed with the development of a 1000-1200 MW combined cycle gas and turbine power plant in Pulau Indah.

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https://www.thesundaily.my/business/tadmax-s-power-plant-project-gets-govt-go-ahead-EC1361611

https://www.theedgemarkets.com/article/tadmax-gets-green-light-pulau-indah-power-plant

Yup, the prospect of Vietnam will benefit from the trade war.
Any comments to share, assuming Trump is not elected for 2nd term.
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Posted by Nikmon > Sep 10, 2019 9:04 PM | Report Abuse

https://learningenglish.voanews.com/a/vietnam-s-economy-gets-boost-fro...

How trade war benefit Vietnam manufacture industry.

Results coming soon.
Hopefully is better than last years quarter.

By the way, anyone has comments of the Pacific Star development progress?
Seems still the same progress from outside the building since early this year.
I notice that some parts of the building are covered and they do not allow us to look inside.

Very impressive rally.
More to come.

The future is not so great.

Based on IPO prospectus, its order book is only rm91m, which rm58 mil already materialised.
The management is not optimistic. Look at prospectus page 45
Sell at strength.

Chemical produce:

Ammonia
Aromatics
Butanol
Butoxytriglycol
Carbitol
Carbowax
Cellosolve
Cutting Fluids
Dearomatized Solvent
Ethanolamines
Ethylene
Ethylene Glycols
Fuel Additive
Gas Treating Solution
High Density Polyethylene
Linear Low Density Polyethylene
Low Density Polyethylene
Methanol
Propylene
Shale Inhibitor
Tergitol
Urea


Products used in:

Agrochemicals
Coatings
Construction
Home and Office Products
Industrial Solvent
Metal Working Fluid
Oil and Gas
Packaging
Personal Care
Pharmaceutical
Textile
Transportation
All ProductsCurrently selected
Commercial Contact
PIC Products

@ VenFx

Probably takes another 1-2 years to finalise all the agreements and the company has yet to secure a technical partner experienced in powerplant.
With their current financial alone, the company is unable to carry the capital expenditure.
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Posted by VenFx > Apr 27, 2019 11:44 AM | Report Abuse

Why no progress for its Vietnam ipp ?

@ Huatexpert

Do you know what PCHEM produce?
Do you know what the chemical sold will be used for?

I think you are referring to the trade war US/China impacting PCHEM earnings.

By the way, in the last 30 years, how many trade wars happen?

By next year, Donald Duck will be gone, which is quite certain as we witness the midterm presidential election results.

Long term propects looks not good??????

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Posted by Huatexpert > May 29, 2019 2:10 PM | Report Abuse

Long term prospect look not good...

http://www.bursamalaysia.com/market/listed-companies/research-reposito...

Donald Duck really cause some uncertainty to Inari's client.
Most of them will temporarily reduced their purchase volume of sensors, RF,etc as most smartphone manufacturers are expecting slower demand in 2019/2020 across all brands.

This is not necessary a bad thing. The company is able to diversify earnings into other products mix and innovate products for the upcoming 5G next year.

Good to accumulate on weaknesses.

Drop to 60 cent???

Quite unlikely but if it does it would be good opportunity to collect at lower price.

Not much impact from Huawei. China's local demand should be able to cover the shortfall as some of those patriotic users will switch from Samsung and Apple to Huawei.

However, overall number of new phones sales for all brands will still drop as customers extend their new phone purchase from 2 years to 3 years.

Thus, will have minor drop in cleaning services from Frontken as jobs from TSMC would drop would also reduced accordingly.
Unlike what Maybank IB mentioned about whether utilisation of 40% or 90% cleaning would still be required.

That may be misleading as TSMC would likely be utilising less equipments for manufacturing chip processors. For example, 50 units equipment to produce 1,000,000 chips at utilisation capacity of 40%, TSMC would use 22 units of equipment to produce the same number of chip processors at 100% utilisation.

Accumulate on weaknesses.
Long term prospect looks good.

Depeche

For the deposit, the company Iskandar Waterfront Holdings Sdn Bhd has the funds already.For the remaining balance, they can issue corporate bonds/sukuk or any debt security instruments and bank borrowings pledge against the BM.

@ BN_better

What do Ekovest need to pay for?
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Posted by BN_better > May 15, 2019 10:29 AM | Report Abuse

How will Ekovest pay? RI done? PP done?

tebrauteguh I think the 60 days due on 16 June. One more month to go.
Man man lai
15/05/2019 10:25 AM

@Depeche

Deposit payment is due around mid June.
Still have 1 month for Iskandar Waterfront Holding Sdn Bhd to figure how to raise the funds.

Nothing to do with Ekovest Berhad.
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Posted by Depeche > May 14, 2019 5:11 PM | Report Abuse

Deposit payment dateline and warrant maturing soon...drastic actions expected any time.

#1 Does J@k$ have the fund the solar venture?
- Probably valued at more than USD50 mil

#2 Does J@k$ able to fund the remaining USD90mil for J@K$ Hai Duong venture assuming it has to pay up the RM177mil legal suit?

#3 Does J@k$ able to fund the additional option of 10% equity for J@k$ Hai Duong venture after taking into the account of #1 & #2 ?

Actually MYEG biz model is good and lucrative, but couldn't get proper valuation in this market due to political sensitivity.
Wong Thean Soon should privatise the company and list in SGX, ASX,etc.

@ paktua73

Wow.
Average all the way down.
Hopefully, it won't dip below 80 cent or back before the BM news was released around 50 cent.
Pray hard!!
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Posted by paktua73 > May 14, 2019 9:10 AM | Report Abuse

manage to grab big some at .795,and eat big more at 0.80
now hold huge here..
dare to buy or die try


tut tut
done here if down more paktua cryyyyyyyy

@ kelvin

It gives good opportunity to buy when it drops below RM1.
Hope you're right.
-------------------------------------------------------------------------------------------------
Posted by kelvin > May 13, 2019 12:57 PM | Report Abuse

lol. once selling come i scare when u wan to to key in to sell already 1.0

Yeah

Trader's mentality.

We buy and hold and watch it grow over no of years.

@ Anti_debt

What debt are you referring to ?
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Posted by Anti_debt > May 13, 2019 11:39 AM | Report Abuse

Heavy debts behind PP why nobody talk here?

@goodiewilly

1) GDV of RM140 bil is probably realised over the period of more than 20 years.

2)The development of BM is hared 60:40. The CREC Chinese companies are taking up 40% of RM140bil.
Thus, effectively only left RM84bil (60% for IWH portion)

3)IWCITY & Ekovest is not part of the development but has links to IWH.
Both companies MAY receive some subcontract jobs.

4) Now the issue is for IWH to pay the downpayment of RM469.09 mil(LKH portion)

Consortium downpayment:RM741 mil + RM500= RM1,24 bil

IWH: CREC Chinese
60:40 ratio

LKH: Kumpulan Prasaran Rakyat Johor S/B
63:37 ratio


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Posted by goodiewilly > May 8, 2019 6:13 PM | Report Abuse

someone in this Forum says, the base price is 0.83, the target price is ?? GDV RM140 billions BM is your dream in computing the price..

On behalf of the Board of Directors of Ekovest, RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that the Company proposes to undertake a private placement of up to 10% of the total number of issued shares of Ekovest (“Proposed Private Placement”).



Further details on the Proposed Private Placement are set out in the attachment below.

Details of utilisation:
--------------------------
Repayment of bank
borrowings:
(i) 100,000,000(Min) 100,000,000(Max) Within six (6)
months

Property development
projects:
(ii) 64,000,000(Min) 97,000,000(Max) Within 18 months

General working capital (iii) 4,821,074(Min) 5,353,098(Max) Within six (6)months

Estimated expenses in
relation to the Proposed
Private Placement
(iv) 240,000(min) 240,000(Max) Within six (6)
months
Total 169,061,074(Min) 202,593,098(Max)

@ astalavista

Old News
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Posted by astalavista > May 6, 2019 4:59 PM | Report Abuse

https://www.sinchew.com.my/pad/con/content_2049561.html

@ ForwardInvestor

I got this article below from TheEdge not announcement from Bursa.

https://www.edgeprop.my/content/1520034/independent-committee-iron-out-details-iwh-crec-over-bandar-malaysia

Don't spread fake news!!


Posted by ForwardInvestor > May 6, 2019 10:24 AM | Report Abuse

I suggest newbie8080 to follow all Bursa Announcement on IWCITY. Analyse IWCITY latest 2018 Annual Report.

Accumulate of weaknesses.

@ForwardInvestor

Where do you get this info?
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Posted by ForwardInvestor > May 6, 2019 10:01 AM | Report Abuse

To avoid conflict of interest from the 2 ministries, an independent committee was formed to expedite the BM project. Things are not to be just IWH-CREC decisions alone.The immediate action to be done is to submit the deposit. IWH-CREC consortium needs to iron out the funding matters especially IWH. 2 attempts had failed to consolidate the LGH group.What could be the fastest way for IWH to raise funds?

Impressive run from rm2.50 in January 2019 till now. Consolidation time.

DK66,

It's not the isolated event in 2015 that triggers me.

I'm looking at the hydropower plants and their capacity.

If hydropower is able to generate more electricity either through technological advances and getting through the dry season as well,

could it mean EVN would request other thermal powerplant to shutdown the reserves as well?

Is this a distinct disadvantage to thermal powerplant vs hydropower plant in Vietnam?

Why is the Vietnam government favouring hydropower plant over thermal power plant?


-------------------------------------------------------------------------------------------
Newbie8080,

2017 is the only unusual year since operation in 2015 due to unusually heavier rainfall.

Any reason why you see this to be a frequent future event ?

Maybe you can enlighten us.

------------------------------
newbie8080 @ Icon8888

Read between the lines bro.
Venting your anger only reflects your low EQ.
Take a step back and look at it again.

EVN can request MDII to shutdown reserves for 5 months to priorities hydropower plants.

What does it say?

I hope DK66 can provide some insights on this.

@ DK66

Yup. I agree as well.
--------------------------------------------------------------------------------------------

DK66 Vietnam government will not build a power plant only to use it for 7 months annually.

03/05/2019 11:08 AM

@ Icon8888

Read between the lines bro.
Venting your anger only reflects your low EQ.
Take a step back and look at it again.

EVN can request MDII to shutdown reserves for 5 months to priorities hydropower plants.

What does it say?

I hope DK66 can provide some insights on this.

-----------------------------------------------------------------------------------------
Note : In 2017, Mong Duong II was on reserve shutdown for 5 months at the request of Electricity of Vietnam, given that the hydropower plants were running at high capacity due to unusually heavier rainfall.

@ Icon8888

Let me guess.

The PPA is in your hand and you had witness the signing as well.
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Posted by Icon8888 > May 3, 2019 10:58 AM | Report Abuse

if it is a recurrent theme, the power purchase agreement would have factored that in and reflects in tariff

come on lah... i3 standard has really dropped a lot

the whole place is flooded by newbies

I am not trying to flame

many frustration is genuine

@ Icon8888

Go ahead if you can't help it.
I'm asking for opinion on impact assessment only.
It may sound stupid and ridiculous to you.
Only a fool will know himself.

--------------------------------------------------------------------------------------------

Posted by Icon8888 > May 3, 2019 9:57 AM | Report Abuse

I have been restraining myself not to shoot him...


newbie8080 Any impact assuming consistent annual shutdown for 5 months?

It's not unusual.
I occasionally travel to Cambodia for biz trips previously and noticed your note is quite accurate.
It's normally a rainy season between June to October.

-------------------------------------------------------------------------------------------

Posted by DK66 > May 3, 2019 9:55 AM | Report Abuse

You can use 2017 results as a reference.
However, why do you want to make such unusual assumption ?

--------------------
newbie8080 Any impact assuming consistent annual shutdown for 5 months?

Any impact assuming consistent annual shutdown for 5 months?

----------------------------------------------------------------------------------------------------
Note : In 2017, Mong Duong II was on reserve shutdown for 5 months at the request of Electricity of Vietnam, given that the hydropower plants were running at high capacity due to unusually heavier rainfall.

@ Te_Te

Bandar Malaysia is huge project that goes beyond 10 years.
May take up to 25 years to fully developed.
An example will be Bangsar South.Most of us remember that place back in 2000. Now it's still under development.

Most people who purchased this counter eg: IWCITY and Ekovest are hoping for short term gain only.
Very few people willing to view it long term.
Becoz the future is very uncertain, which is true.
5 years down the road, the government of the day may change and probably the Bandar Malaysia project may be cancelled.

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Posted by Te_Te > May 2, 2019 4:41 PM | Report Abuse

Announced BM then drop....really shame...

Why is the capacity for Mong Duong II is low?
Shouldn't it operate at least between 70%-80%?

@ birkincollector

Below 70 cent is safer.

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Posted by birkincollector > May 2, 2019 1:06 PM | Report Abuse

0.76 is safer

Noted. Thanks

By the way, this coming quarter result will be interesting.

Posted by DK66 > Apr 29, 2019 10:38 AM | Report Abuse

By Kenanga research
--------------------------------
newbie8080 I thought someone mentioned that the Jaks management is looking at COD for 1st unit by end 2019.

I have 3 questions. Hope someone can share their opinion.

1) How do IWH-CREC consortium fund the RM7.41 bil purchase of the land?
- No issue for CREC portion(40%) of RM2.96 bil as the company is state-owned by the government of China
- IWH portion (60%) of RM4.45 bil would be a large investment, no backing from anyone.


2) Why is Tan Sri Lim Keng Cheng selling his shares recently?

26-Apr-2019 Insider TAN SRI DATUK SERI LIM KENG CHENG (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider LIM SEONG HAI HOLDINGS SDN BHD (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider MR LIM KENG HUN (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider MADAM LIM PAK LIAN (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider DATUK LIM KENG GUAN (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider TAN SRI DATUK SERI LIM KENG CHENG (a company director) disposed 5,600,000 shares at 1.001 on 25-Apr-2019.


3. How does IWH consist of IWH(63%) and Kumpulan Prasaran Rakyat Johor Sdn Bhd(37%) fund the deposit of RM1.2bil in 60 days?

- No mentioned of IWCITY or Ekovest helping out IWH.
Unlikely these 2 listed company able to fork out RM756 mil cash to help out IWH portion.