Maybe one day Sapura energy will surpassed Hibiscus also.

If more sellers than buyers, the stock tend to appreciate slower and most of the time prefer to trend downwards.

It's demand and supply thing.

Hibiscus can limit up for 3 session in a row also if there is a news saying PETRONAS is taking over Hibiscus and delist it.

It's also catalyst that moves the stocks.

@ DK66

Most analyst worldwide are predicting a financial crisis looming in the next 12-24 months.

The timing will coincide with the initial operation of the power plant.

Any comment the company's financial & share price?

NO IMPAIRMENT REQUIRED


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https://www.thesundaily.my/archive/top-glove-sees-75-increase-q4-net-profit-EUARCH583683

@ Ong Hong Ming

Impairment for what purpose?

Hopefully major shareholder PNB will reduced Shahril's annual earnings to below RM5mil and bonuses applies to the performance of the company.
That would save the company rm60mil++, and would help the company turnaround.

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https://www.theedgemarkets.com/article/shahril-explains-his-high-pay

Assuming you had bought it at RM1.

I think is not so easy to just sit still and enjoy the rally as we do not know how high and how low it will go. As this historical chart shows the entire cycle, the start and end, of course we see your point.

However,let's give an example of Hibiscus, a live example.
Say by next Friday it slowly creeps up to RM1.80, will you sit still or sell?

Saw from google Earth, there's some cranes and land clearing.
But can't see the ekovest logo unless go to the site.

Many frustrated with hibiscus not blooming.
There's many other o&g counters to buy and many are rallying.

Quarter result out this month.
Any comment on the result since many o&g doing well.

wow.
Something is brewing in this counter.
No news yet means good news.

@ meisarel

Wow. Good to hear that.
Remember if whatsoever reason it drop to 40 cent next few months. Please hold on tightly.

Hibiscus made more than RM300mil net profit in the last 4 quarters.
Don't seems to reflect in the share price yet.

Why share price up so much today?
Bandar Malaysia project is revived?

@ Primeinvestor

Where do you get the order book amount and how much till current?
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Posted by Primeinvestor > Mar 1, 2019 08:42 AM | Report Abuse

I just saw the order book of the company has risen to the highest ever, if revenue is repeating, hoses liao, RM1.80 remember?

Expect for 2019 progress billings increase to 60%.
Else, the company unable to commence the 1st 600MW plant by end 2020.

@ dexeric

Please don't post if you don't have the figure.

As at the time of my writing, IDSS volume represents 33% of the total volume.
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dexeric
584 posts
Posted by dexeric > Feb 28, 2019 03:29 PM | Report Abuse

90% volume is idss...

@ origami

True. You have a point.

But do you agree that Ekovest is still doing well under the current government policies?

ERCL, HSR, Trans-Sabah Gas pipeline & Multi-Product Pipeline, MRT3 had been put on hold/cancelled/etc.

Ekovest's projects still continues.
Food for thought.
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Posted by oregami > Feb 28, 2019 12:24 PM | Report Abuse

why still posting all those number n facts? don't u realised it's the govt policies that determines eko fate?

@ Ong Hong Ming

My opinion is that the bond issued allows to be converted to stocks which represent 5% on the total share issued.
It's dilutive for shareholders.
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Posted by Ong Hong Ming > Feb 28, 2019 02:39 PM | Report Abuse

@newbie8080 the bond issuance has neutral effect to top glove, its the cut down of natural rubber supply that is going to causes a surge in cos of top glove, that’s the reason of recent plunges in its share price

The USD200 mil bond issuance really a disappointment for shareholders.

@ wotvr

Previously, Duke 1 & 2 was valued at RM2.8 bil and sold to EPF for 40% stake valued at RM1.13 bil.
Ekovest declared dividend of 25 cent

Next year, SPE(aka Duke 3) will be completed.

Assuming EPF is interested with the same 40% of Duke 3 valued at RM3.7 bil(cost only), that is RM1.48 bil.
Ekovest may declare a similar dividend quantum at 34 cent.


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Posted by wotvr > Feb 28, 2019 06:13 AM | Report Abuse

Special dividend you wait for them to sell 49% of Duke3 to EPF.

Revenue=361,181
Net Profit=41,191

Previous year:
Revenue=295,568
Net profit=53,640

Should be making losses unless the company have extraordinary gains from disposal of asset.
The property division is bleeding badly, estimated rm56 million per annum and growing.

No doubt on PETRONAS Chemical earnings and future growth.
Superb profit margin and dividend.
Parent company, Petronas is a fortune 500 company.
Don't expect anything less.

Operating expenses, depreciation charge, financing expenses & allowance made for LAD.

Quarterly for the mall maintenance cost.

You can refer to the 3rd quarter report.
It states 3 quarter cumulative at rm42 mil.

SO I can safely assume rm14 mil per quarter.

Gamuda's management hopes that government will provide fair market valuation for it's tolls.

I would think now is time to prove whether Gamuda willing to do NATIONAL SERVICE for Malaysia now.

50% discount sounds reasonable?

Have also another RM14mil losses for the mall's maintenance cost.

@ Huat1

Write back the impairment?
The current goverment had just switched to SST.
Why suddenly switch back to GST?
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Posted by Huat1 > Feb 26, 2019 07:23 PM | Report Abuse

This is just the beginning....
More income coming from overseas.
When they write back the impairments provided in the last quarter when they start using the GST system, it will rocket up, break the roof!

@ GoodBoy

Thumbs up!

Already mentioned earlier.

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Posted by newbie8080 > Feb 26, 2019 09:35 AM | Report Abuse X

Someone just took profit.

Any idea the value of orderbook for Pantech under RAPID Pengerang?

@ YapJH

What is your opinion after they had completed all the EDC installation?
The company's biz should focus on the maintenance, system enhancements and software integration with other fintech features.

Even Apple, the largest company in the world couldn't sell more Iphones. Hardware sales has a limitation after everyone has one.
Think about it.

IBs still have about 1 billion to dispose.
Hard to fly till the clear the selling pressure.
Besides that, there's 35%(5.6 billion) free float of the total 16 billion shares.
Donald Duck twitter seems more powerful than Saudi's Allāhu 'akbar

Someone just took profit.

Wow.
Donald Duck twittered and crude oil drop 3%.
Very impressive.

@ KLim

Quite unlikely also at RM3-RM4.
Really depends on the company whether there is new issuance of shares to fund new acquisition.
Too many shares in the market, causing overhang in the share price even if the crude oil moving towards USD70 pbl.


2018
317,645,738 warrants(upon conversion)
144,384,429 private placements

2015-2016
82,305,362 private placements
326,935,484 private placements

2014
89,164,225 private placements

2012-2014
314,541,022 warrants(A)
83,611,200 warrants(B)

@ RainT
@ warchest

Have you thought of ignoring the noises and focus on the future say 1 year from now?
What is your prediction?
Ekovest @ 10 cent or RM1 or delisted?

Really? I doubt so.

@ GRACE1966

During that time, the Hibiscus' production figures has not been reflected yet for Sabah PSC earnings & Anasuria's production had been growing.

OPEN YOUR EYES BIGGER!

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Posted by GRACE1966 > Feb 25, 2019 12:34 PM | Report Abuse

In 2018, crude oil above USD 70.00, but share prices below 1.30. OPEN YOU EYES.

@ GRACE1966

Going back to 90 cent?
But crude oil is pushing towards USD70 pbl.

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Posted by GRACE1966 > Feb 25, 2019 12:01 PM | Report Abuse

Trend is clear. Push down below 90 sen later pump up to 1.00.

SPE highway(aka Duke phase3) will be completed next year.
Possible for EPF to buy up a portion similar to the Duke 1 & 2 and declared huge dividend.

Ekovest tolls are new tollways.

Unlikely for Governemnt to discuss at this moment.

The government are targeting high traffic and mature tollways first.

Long way to go before it reaches discussion on Duke highways.

By then, GE15 will swing by and if the current government can still be in power, then only be concern on this.

@ BenBlurBlur

We can't deny the oversupply of new shopping malls mushrooming in Klang Valley.
But the ones that retain good anchor tenants, maintain above 95% occupancy in their tenancy and are strategic located should do well in the long term.

I would believe others would fail and close down in the near future.
Hopefully,the company able to dispose the struggling malls away and focus on the power plant and renewal energy biz.

@ GiantPanda

Yup. Totally agreed!

The total net gain from the disposal cannot be awarded fully to shareholders as dividend.
As they disposed off, so are their ownership of the planes.
Airasia will need cash to lease back the planes every year.
1 plane rental cost approximately RM13 mil a year.
Currently, Airasia has more than 200 planes.
That's about RM2.6 billion of rental payment per year.

Since when did IWCITY involve in ERCL project.
Why the hype?

Buying with your own skills and foresight is much more satisfying.
Anyway, when you see him buying the counter, the best is to start selling.
It's useless trying to point fingers.
Do your own homework and buy quietly!

Is there any news which cause the volume and share price to spike?

Bandar Malaysia project revived?