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2019-05-05 11:28 | Report Abuse
That's the point. If Seacera can't pay, the JV remains in OCR's pocket. OCR got the rights to develop the 500 acres land with minimal upfront payment under the JV agreement. Fantastically good deal for OCR.
Bigger corporate raiders or developers should consider hostile takeover or buying over OCR if they want the landbank or various JVs that have been scooped up by OCR.
2019-05-04 09:28 | Report Abuse
If Seacera wants to rescind or cancel the JV, then OCR can expect a windfall compensation. A 5% penalty or compensation based on a GDV of RM10 bil can translate into a compensation sum of RM500 mil. Huat ah!
2019-04-29 09:41 | Report Abuse
LKH proves that he didn't short change Ekovest when he sold PLS shares to Ekovest as his own stake in Ekovest worth much more money
2019-04-28 23:00 | Report Abuse
It's not easy to rescind the JV agreement like what's happened between Ho Hup and Malton's JV agreement many years ago. The history tends to happen again and again. Wouldn't be surprised that they learned that from the said history.
2019-04-27 15:10 | Report Abuse
http://malaysiastock.biz/Company-Announcement.aspx?id=1137772
RM5.3bil GDV is to be derived from landed property development in a decent location. Should be easily achieved.
The existing majaor shareholder Ong Kah Hoe only has 20.% stake in OCR. He better ups his stake in the company by acquiring more shares in the market before any other sharp-eye corporate raiders zoom in and easily take control of this smallish company given its attractive JV in hand.
It will be interesting to see if such development will take place......
2019-04-25 22:24 | Report Abuse
Give it some time. It may hit RM1.50 next week.
2019-04-25 22:23 | Report Abuse
https://www.theedgemarkets.com/article/tropicana-inks-jda-rm478b-gdv-development-langkawi-it-drops-pantai-cenang-mou
Tropicana inks joint development agreements worth RM4.78b
2019-04-25 06:27 | Report Abuse
Too bad that there was not enough media coverage on the good news on its RM10 bil JV. Very few people know about it
2019-04-22 19:48 | Report Abuse
It is a direct beneficiary from Bandar Malaysia
2019-04-22 19:45 | Report Abuse
OCR needs to pay RM3mil only within 3 months to lock in 500 acres of good land for RM10 bil property developmemt for many years. Where else can find such a fantastic JV agreemeet?
Well done finally for OCR! It surely deserves for limit up for getting such a deal, kind of buying 500 acres of land with almost no earnest deposit... Moreover no profit guarantee either!
2019-04-22 11:08 | Report Abuse
One must check how fierce was the share price rally of IWCity in Feb, March and April 2017 in order to make a wild guess for IWCity and Ekovest for this round of rally.
2019-04-22 10:55 | Report Abuse
How high will Ekovest go if IWCity hits limit up again this afternoon?
2019-04-22 09:24 | Report Abuse
One should look back at the history of how much Ekovest climbed up when LKH got Bandar Malaysia in 2016. The counter actually had a long 300% bull run. Check its last 5 years chart
2019-04-22 09:17 | Report Abuse
Wait for IWCity to hit limit again in the afternoon
2019-04-22 09:10 | Report Abuse
It will likely go up again in the afternoon when IWCity hits limit up again in the afternoon
2019-04-21 19:38 | Report Abuse
The company's PAT dropped 11% in 2018 as compared with that in 2017. But the share price dropped > 60% in 2018.
Maybe it's time for it to recover at least half to RM1.60 given that its fundamentals remain the same or improving with more mega projects to be unveiled or revived again....it will likely be a potential beneficiary for the proposed RTS link in JB....
https://www.nst.com.my/news/nation/2019/04/481543/malaysia-committed-ensuring-rts-link-project-continued-says-loke
2019-04-20 15:34 | Report Abuse
This company will be a beneficiary when HSR finally takes off due to its landbank. Just wait for another 6 to 9 months when HSR theme play comes back again. HSR cannot be deferred for too long.....
2019-04-20 11:10 | Report Abuse
https://www.thestartv.com/v/dr-mahathir-we-can-learn-a-lot-from-china
https://www.thestar.com.my/news/nation/2019/04/20/bandar-malaysia-to-take-off-again/
The warmer the relationship, the warmer the market.
Bandar Malaysia has a GDV of RM200bil.
If Ekovest can get 2% construction works, => RM4 bil , it will be nice.
2019-04-19 18:40 | Report Abuse
High of RM1.52 + Low of RM0.42 = RM1.94
Hopefully it can recover at least half of its lost ground to RM0.97
2019-04-18 18:48 | Report Abuse
https://www.sinchew.com.my/content/content_2040688.html
If MRT, ERL, KTM and HSR are going to have stops/stations there for connectivity in Bandar Malaysia, sooner or later the government has to kick start the development there. Of course, the sooner the better especially now that people are complaining that there are not enough of mega projects to revive or stimulate the economy.
2019-04-14 11:19 | Report Abuse
If one passes by the old Sg Besi airport nowadays, one can see a lot of mobile cranes including those with Ekovest signage undertaking construction works there. Can anyone tell what contract they are working on??
Thanks
2019-04-11 20:14 | Report Abuse
It seems that only both CIMB and Kenanga made the right call in recommending to sell AirAsia on 22 Feb 2019. Five others are recommending a Buy....
https://klse.i3investor.com/servlets/stk/pt/5099.jsp
2019-04-07 10:18 | Report Abuse
https://www.msn.com/en-my/money/topstories/lim-explains-ekovests-investment-in-his-loss-making-plantation-ops/ar-BBUZ9Y9
Lim Kang Hoo owns 692,700,000 shares in Ekovest. Any 10 sen drop in Ekovest shre price will translate into a RM69 mil paper loss to him. So, is it likely that he will try to screw up Ekovest and hurt his own investment too in the company?
Record shows that this company has been making quite decent profits over the years and he seems to be a hardworking guy in enhancing the company's value over the years too.
2019-04-06 17:39 | Report Abuse
Second wave of rally looks like coming again for oil and gas counters in view of the rising Brent oil price
2019-04-05 14:56 | Report Abuse
This company needs to secure another 2 to 3 hundred million ringgit worth of jobs in order to move higher
2019-04-04 22:07 | Report Abuse
Brent oil is rising towards $70 again. Oil & gas counters can expect brighter days ahead.
2019-04-02 21:39 | Report Abuse
@ 53.5 sen The upside potential should outweigh the downside risk by 5:1 ratio by merely judging on its projected PE and the last two years` price movement.
2019-04-01 09:45 | Report Abuse
Like it or not, this counter is cheap based on its last 3 years and current FY YTD earnings. Just buy and keep for a year.
2019-03-30 09:37 | Report Abuse
As a listed property & construction company, the group reported RM7mil revenue only for the last 2 quarters. Many other non-listed companies outperformed them.
It's simply not acceptable, the management team needs to wake up or be changed entirely, Sleeping on their job! They are being paid for doing so little.
2019-03-29 20:59 | Report Abuse
Back on the uptrend based on SMA 200
2019-03-29 20:37 | Report Abuse
2019-03-17 10:44 | Report Abuse
Underpinned by RM3 bil orderbook and trading @ projected PE < 10x, this counter will likely meet Mr Koon Yew Yin's golden rules for stock selection
2019-03-12 18:34 | Report Abuse
PE < 10x
Chart shows that it has moved above SMA 200.
2019-02-08 17:57 | Report Abuse
https://www.thestar.com.my/business/business-news/2019/02/01/property-goodies/
https://www.thestar.com.my/metro/metro-news/2019/02/07/property-expo-offers-a-range-of-incentives-for-buyers/
Govt has started to help stimulate and generate more sales for the developers........signs of hopes??
2019-01-04 20:46 | Report Abuse
Have to wait for the launching of the second phase of its Pavilion Embassy to further unleash the upside potential of GOB. Its 2018 annual report revealed that the first phase comprising 3 tower blocks launched in Sept 2017 had already achieved 81% take-up rate....
So GOB may start reporting much stronger earnings in the next few quarters when the construction stage reaches more advance stage to be able to recognize more profits from the phase 1 of the project.
The entire Pavilion Embassy project has a total GDV of RM1 billion.
https://www.malaysiastock.biz/GetReport.aspx?file=AR/2018/7/31/1147%20-%200901317493232.pdf&name=GOB%20Annual%20Report%202018.pdf (see page 21)
https://www.youtube.com/watch?v=-GSCkHksmU8
http://pavilionembassy.com/
https://1pavilion.com.my/previewing-now/pavilion-embassy-kuala-lumpur
2019-01-03 22:21 | Report Abuse
Danny has to sell down some shares in order to comply with the minimum 25% shareholding held by the public. Otherwise the counter can be suspended by Bursa.
2018-12-27 20:12 | Report Abuse
The company is likely to divest its non-core asset ie W Hotel and other land bank to further de-gear to save interest expense, and raise its cash holding further....
2018-11-30 21:41 | Report Abuse
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=203360&name=EA_FR_ATTACHMENTS
Its net asset per share actually improved to 23 sen from 21 sen six months.
Its total shareholders funds actually increased by RM50mil to RM532mil based on its balance sheet.
2018-11-26 18:47 | Report Abuse
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5038
Very good result but have to keep for long long term.....
2018-11-14 20:30 | Report Abuse
http://land-general.com/property-development#overseas
http://hiddenvalleyland.com.au/
Just wonder how much the 2500 acres Hidden Valley land bank is worth today for L&G.......
2018-11-13 20:30 | Report Abuse
http://land-general.com/assets/upload/LnG_2018%2008%2029_1QFY19.pdf
Target Price: 27 sen
Stock: [TROP]: TROPICANA CORPORATION BERHAD
2019-05-05 18:54 | Report Abuse
https://www.theedgemarkets.com/article/sime-darby-property-records-over-rm1b-sales-under-its-twomonth-primetime-8-campaign
Tropicana needs to learn to launch products that are wanted by the consumers and not what it wants to sell to the consumers.