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.
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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.

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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.

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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.

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.

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

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Posted by GoHaiDuongGo > Apr 28, 2019 3:24 PM | Report Abuse

http://www.aepc1.ceec.net.cn/art/2019/4/28/art_14630_1888042.html

Working extra hard. COD for Unit #1 will be achieved in 3rdQ2020, and Unit #2 in 4thQ2020 if not earlier.

The private placement at 79 cent looks attractive as compared to market price.

Worth to subscribe.

https://vietnamnews.vn/opinion/519127/coal-fired-power-plant-development-must-come-with-environmental-protection.html#HfKHOFChJE0WGPRR.97

@ uptrending

Have been waiting for this comment.
At least someone here share similar thoughts.

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Posted by uptrending > Apr 26, 2019 11:40 AM | Report Abuse

Do all gaps get filled?
Most gaps do get filled at some point in time. However, there are exceptions. ... Breakaway gaps are usually among the last gaps to get filled because they are at the start of a move and nearly 100% retrenchment will be necessary to fill the gap properly. H.M.

@ astalavista

Iskandar Waterfront Holdings Sdn Bhd (IWH) owns 38.35% of listed company IWCITY Berhad.

Not the other way around.

https://www.edgeprop.my/content/1221213/lim-kang-hoo-suffers-setback-iwh-iwcity-merger

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Posted by astalavista > Apr 25, 2019 6:49 PM | Report Abuse

Must remember guys..we all are here to make money...Tun is my honest man..he already said to revive the BM with IWH-CREC partnership.

Today signed frame work..IWCITY owns some portion of IWH..history repeats same goes to Ekovest..hope for the best !

@ derrtan

Read the general article regarding the BM project.
Which companies involved?


https://themalaysianreserve.com/2019/04/22/bandar-malaysia-to-restart-ihw-crec-is-master-developer/
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Posted by derrtan > Apr 25, 2019 6:09 PM | Report Abuse

does ekovest really involved in bandar malaysia development?

Just a reminder for those buying in.
As mentioned by many here, Ekovest is not the party getting the Bandar Malaysia project.
Probably through related company by LKH, there would be some portion allocated.
However, there is no black and white till it's sign and official.

Besides, there's no fundamental in this rally and it's all hype, and it wouldn't last long, and it will reverse.

Please exercise caution and focus on the fundamentals of the company main biz.

Impressive rally for Hibiscus since Jan 1 2019 from 85 cent to 1.18.
38% appreciation in just 4 months into the year.
Congrats to those holding it.

What is your target price?

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Posted by (2.6m shares buyback April ) Philip > Apr 23, 2019 7:27 AM | Report Abuse

No need to be so emotional shquah. If they keep writing because things it is even better as if the price can go down by 30th April when I receive my dividends I can buy more stock in it.

Yeah looks like it.
Buyers more than sellers.

Those who had entered on Friday would had made a large gain.

Previously, when Bandar Malaysia was announced with similar IWH-CREC consortium, IWCITY limit up from 90 cent to more than RM3.

The same this round?

If Ekovest could get only 1% of the GDV of RM140bil, it's still a sizeable portion nonetheless.

Ekovest was never involved in Bandar Malaysia project.
It's always had been.
No surprises.

However, it is related to IWCITY which could award or subcon some portion of the construction or development work.

I believe most Ekovest buyers are looking at that perspective instead.

IWCITY valued at ?

What we know:

In December 2015, the Finance Ministry sold off a 60% stake in Bandar Malaysia for RM7.4bil to a consortium consisting of IWH-CREC.

IWH-CREC is a 60:40 joint venture (JV) between Iskandar Waterfront Holdings Sdn Bhd (IWH) and state-owned China Railway Engineering Corp (M) Sdn Bhd (CREC). Businessman Tan Sri Lim Kang Hoo holds a 63% stake in IWH, while Kumpulan Prasarana Rakyat Johor Sdn Bhd owns the remaining 37%.

Meanwhile, IWH owns a 37.72% stake in public-listed firm IWCity. Both Ekovest and IWCity have a common major shareholder in property tycoon Lim.

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https://www.theedgemarkets.com/article/bandar-malaysia-resuscitation-positive-local-construction-sector

https://www.thestar.com.my/news/nation/2019/04/20/bandar-malaysia-to-take-off-again/

@ Bursalord

Of course.

Gkent had nothing to do with ERCL, only HSR, PMTP and MRT.

It's been great every since holding it from 13 cents.
Time to let go.
I've enough.

Wait till 5pm to know more.

The investor subscribing the 80 cent PP would be better off accumulating it from the open market.

@ Jarklp

DK66 and Icon1888 knows the details and agreement as well. You may query them.
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Posted by Jarklp > Apr 19, 2019 11:41 AM | Report Abuse

Put aside the valuation, can you trust ALP? Do you believe the management is able to execute the plan if they can't even complete the Star project on time locally? They failed to dispose the mall for years. Keep asking for money like a spoilt kid. No one really knows the details terms of the agreement except the management. They were so scared to let Kyy joins to board last time.

Good luck!

Spot on Lizi.