trader808

trader808 | Joined since 2019-12-09

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Stock

3 days ago | Report Abuse

1.What are you and what are your criteria for stock picks?. Specifically what are the reasons that have led you to acquire Ekovest?.

2. Number 1, if you are like Warren Buffett who reads extensively all details in the company's annual report to unmask the strengths and weaknesses who than buy and never sell shares, than you have nothing to worry about. Have a cup of coffee, go to a movie and stay away from the screen and never have to look at the price of Ekovest again. And years later laughing to the bank. But, there is only one Warren Buffett in this world.

3. Number 2, if you are a lazy investor who does no personal research and having a self imposed hypothesis like HuatRex that investment theories are boring, monotonous and useless and have acquired Ekovest basing on the hot tips generated by trusted research house that Ekovest is on a highway to profitability with target price 116, than you must beware.

4. Notice that Ekovest in its filing with Bursa announced it has secured an extension of time with EPF for two years to monetize the highway assets. This means it is not happening in the foreseeable future.

5The criteria of your stock pick is not materializing or the company has become somewhat different from what you originally intended it to be. Would you still wait two years or jump off the wagon. The choice is yours.

6. Number 3, if you are a technical chartist and have acquired Ekovest believing in the bullish candlesticks cup and handle pattern and formation, many are concern and anxious that the cup and handle is been delayed or destroy. The next possible pattern could be a double bottom and share price could gradually move down to 43.5 sen.

7. Again the criteria of your stock pick is not materializing or delaying and has become somewhat different from what you originally intended it to be, would you still risk and agonize over the possibility of a double bottom. The choice is yours.

8. Number 4, If you are a fundamentalist and believe in the projected excellent prospect and earning growth of Ekovest would drive up share price, than you need to look into its segments of business and its contribution.

9.Besides the highway, the RTS and the land bank there is really not much activities or new projects or economic endeavors seriously undertaken by Ekovest. Upon completion of the highway, the construction expenses cannot be capitalized and hence it must be expended and that would have a negative impact on reported earning in the coming quarters. Company is schedule to announce its result by end of month. Again, there may be earning recovery with minor improvement but a stellar performance is least expected. Therefore expecting a sharp rise in share price driven by earning growth may end up in despair.

10. Number 5, if you are a strong supporter of TS and has acquired Ekovest believing in his mega proposal to reorganize rationalize and merger of sisters companies than you must understand the sequence of events in which i have delved with extensively in my previous posting and monitor its progress.

11. By 27th Feb, it would be 4 months since the acceptance of the mega proposal. Ekovest has an obligation to advise on the progress and completion of its massive due diligence. Hopefully there is no extension of time otherwise, it is not a positive news for the proposal and the company.

12. Investment is about opportunity cost and efficient allocation of capital and resources. And opportunity cost is the benefit forgone for choosing the next best alternative. In simplicity, it means with the limited capital and having purchased Ekovest, you can't buy another counter say Yinson for example.

13. Notice that in the 9 months YINSON has generated a revenue of 8.9b and accumulated profit of 686m. That means you have forgone 686m profit to buy Ekovest that only earns 3m in Q1.

14.HuatRex, if you come with an open heart, open mind and eyes, you would see and feel theory may not necessary be boring and useless. It may not guarantee that one would make money but when you make decision base on logic and consistency you reduce risk possibly avoid headache and heartache.

Happy trading
18/2/2024

Stock

1 week ago | Report Abuse

1.Stop monkeying around. There is no banana on the highway of Ekovest.

2.Have not seen or heard you before. From where did you swing over.
Your suggestions are unwittingly wield and you ape mischievously.

3. You may hang around, but I have stopped to entertain you from hereon.
14/2/24

Stock

1 week ago | Report Abuse

will75
1.You don't call the shot.

2.It is a free world.
I can write anything i like
and post any where i wish.

3. Mind your own business.
14/2/24

Stock

1 week ago | Report Abuse

1.Writing and posting on i3 is my pastime and hobby. The short write up reflects my personal perception and opinion of the counter. It is not a recommendation to buy or sell and certainly not intended to influence your investment decision and strategy.

2. I am not an expert and much less a professional.
3. I could be completely wrong. So, make your own decision.
Happy trading
14/2/2024

Stock

1 week ago | Report Abuse

1.In securities analysis, there is a difference between positive news and good news.
On 13/2/24 i wrote and here it is.
*I am not pouring cold water. Today's announcement is not really a positive news.*

2. Positive news are news that would show the company's movement, progress and advancement towards its goal. Now Ekovest has originally set a goal to list and monetize its highway asset in 2016. This did not happen and the fact that it has applied for a 2 years time extension simply implied that it has not made any meaningful movement, progress and advancement towards its goal.
Hence, it is not a positive news.

3. On the other hand, a good news is a news that has beneficial impact and effect and would aggressively push up share price. Ekovest was trading at 52.5sen before the announcement of your definition of good news. After the announcement the counter closed 2 sen higher.
Does good news only push share price higher by 2 sen?

4.Notice that, according to some investment bankers and research house, the highway is worth close to 11b and after deducting all its debts, the value per share from the highway alone is between 1.49 to 1.69
The current trading share did not reflect this value and hence, it is not a good news.

5. It is not a positive news, and neither is it a good news. So what it is?.

Yesterday's filing and announcement on bursa is just a material information the company must disclose to its shareholders and the public on the progress and development concerning its contractual obligations with EPF. It is a listing requirement and part of the reporting regime.

6.Material information is information that has an impact and would affect the current and future prospects of the company. It must be communicated to the investors and stakeholders to enable them to make informed decisions.

7. The announcement has attracted some buying interest, but a helicopter rise in share price with speed and certainty is not expected in the foreseeable.

7. Investment is about opportunity cost and efficient allocation of scared resourses capital. If you search hard enough, diamond could also be found elsewhere.
Think about it.
Happy trading
14/2/2024



Stock

1 week ago | Report Abuse

1. I am not pouring cold water. Today's announcement is not really a positive news.

2.Ekovest has divested the highway assets to EPF in 2010. It was structured with an exit clause of monetization. The announcement this morning served to confirm that Ekovest has failed in its ability to monetize the DUKE highway assets in which EPF has a 40% stake.
3.Hence, Ekovest is seeking an extension of time of 1 to 2 years from EPF to discharge its contractual responsibility and obligation.

4. If you have purchased Ekovest in anticipation of the monetization of Duke highway, it is not happening any time soon. Digest the news wisely.

5. Just like many of us I am disappointed too.
Happy trading.
13/2/24

Stock

2 weeks ago | Report Abuse

1. A cup and handle is a very positive candlesticks formation and technically bullish price continuation pattern.
Can it fail?

2. Technically speaking the candlesticks cup is usually formed between 4 to 6 months and the handle would complete between 1 to 4 weeks. Psychologically, the handle is formed because some investors take profit at the edge of the cup after a mini bull run.

3.When the selling eased or ceased, new investors would come in to buy thus, pushing up the share price ,breaching the new resistance and shooting to the moon. Therefore, if the handle is to happens, it will be formed with speed and versatility. Otherwise, it would fail.

4.For Ekovest the cup that began in Sept 2023 was completed in Jan 2024 for a period of five 5 months. Sadly, after 20 trading days or exactly 4 weeks the handle is still not seen.
The bulls are not charging. Specifically it means Ekovest is not ready for a cup and handle formation at this point in time. Is there a reason?

5. It looks like the mega proposal to reorganize and rationalize and mergers of sisters companies that would turn Ekovest into a conglomerate and the potential monetization of the DUKE and SPE highway that has created enormous investors' interest and confidence to chase after the hot stock is slowly cooling down. It could dissipate in the coming months. Why?

6. You would tend to agree with me that nothing would drive up share price except profit. It is the greatest and strongest catalyst. Although Ekovest has turnaround with a 3m profit in the 1st quarter of 2024, it is still suffering from huge losses in a 4-quarter running basis. It has -3.64 sen EPS and trading at minus 14.15x price earning multiple. The numbers are discouraging and would put off any serious investors.

7. Further more, with the completion of SPE the company can no longer capitalize on the concessionary expenses. In addition, it has to provide depreciation and amortization for the new highway assets in the coming quarters. The earning will be negatively impacted. Until there is substantial rise in revenue and profit, share price would not soar. It may shoot higher manipulatively but it is unlikely to sustain. Just like what is happening now.

8. Despite its mega proposal, quality and value of its 3 highways, construction of RTS and potential unlocking the value of its land bank along the proposed new LRT route, yet investors are lukewarm, cooling off and indifferent.

9. Simply because these require lengthy process and precious time to execute and materialize. Many believe all these would take place only after the completion of the mega proposal when all the new shares are allotted to TS. Maybe towards the end of the year.
10. In light of the above, it is unlikely that Ekovest would experience a helicopter rise in the foreseeable future. Even TS is happy to dispose each time when share price moves beyond 60 sen.
11. Hence, It is not a bad idea to revisit this counter again when the company reports substantial rise in revenue and profitability. Better still, when the mega proposal has made some meaningful progress and there is also greater clarity and certainty on the monetization of highway assets.
12. Hope it helps.
7/2/24

Stock

2 weeks ago | Report Abuse

1.Last week Ekovest was looking vulnerable and hanging at the cliff. Today at 51.5sen it has fallen off the cliff and the situation is undesirably painful. In the coming week or days there could be broken bones and blood spilt. Technically, there is a 50% Fibonacci retraction and hence, the cup and handle formation has been destroyed.

2. In an ugly and worst scenario, a greater pack of bears could come out from hibernation and continue with its rampage and destruction to shape a double bottom.

3. Going forward, the share price could progressively accelerate in its decline, and on a worst case scenario could eventually hit bottom at 43.5 sen forming the right bottom.

4.This expression of opinion has no malicious intent. It is an unbiased technical interpretation based on the candlesticks chart. Yet, it may or may not happen.

5. Technically, all other indicators are not gorgeous and nothing like Taylor Swift. The 9 day moving average is about to make a dead cross from above to below the 26 day moving average line. Share prices are accelerating in its decline and at 51.5 sen , it has fallen below both the average lines. This is bad and the bears are in control. There is no visible sign of fatigue.
6. The MACD indicators are more damaging. The MACD line has crossed over the signal line since 17th Jan 2024. The gap between them has progressively widen over the last few trading days. The red histogram is expanding and this means the momentum is accelerating and the selling is continuing. The worst is yet to come. There could be headache and heartache.

7. The RSI relative strength index is trending downwards and according to the chart it has drifted below the 50 point neutral level and advancing towards the oversold region. There is visible signs of weakness.

8. All technical indicators painted a lousy picture of Ekovest. The disposal by Tan Sri has dampened market sentiment ,damaged investors' confidence and destroyed the cup and handle formation.

9.In the circumstance, what would you do?
If you are a short term trader and had jumped onto the Wagen following Rakuten analyst report and chasing the target price of 1.16 you are caught and face an unpleasant paper loss. You could bite the bullet, dispose and cut loss and move on.

10. If you are a strong believer in ekovest, and subscribe to its mega proposal to reorganize, rationalize and merger of sisters companies and the eventual monetization of the quality and value of the DUKE and SPE highways than you should ignore the noise and stay invested.
11. The choice is yours.
Happy trading
5/2/2024

Stock

2 weeks ago | Report Abuse

1.The bears are still active. It is continuing with its rampage and destruction with no sign of fatigue. The qualified statement by external auditors will continue to dampen its market sentiment and investors' confidence.

2. Until this is resolve, a bottom reversal is unlikely in the foreseeable future.
The counter closed at 62.5sen. The selling is continuing and the price is falling.
3. The issues and challenges still persist. Tougher days are still ahead of YNH.
Trade wisely.
1/2/2024

Stock

3 weeks ago | Report Abuse

1.After an impressive run, the bulls of Ekovest has stopped charging. There is visible sign of fatigue. The volume is declining and the share price is falling. Ekovest has entered into the phase of consolidation.

2. At the closing price of 55.5 sen, the cup and handle formation is still relevant. However, It could all change if its breaks below 52sen. Technically the cup and handle will be destroyed and it could take on a different but damaging shape and form.

3.When it happens, than it would be a course for concern. The double bottom that seem improbable and a distance reality could become a near certainty. On a worse and ugly scenario, share price could revert back to 43.5sen forming the right bottom basing on the candlesticks chart.

4.You have a right to disagree but anything can happen in the stock market. This is very true just like no one can predict the insanity and much less calculate the madness of Tan Sri Lim KC an insider and director selling million of shares every time when it soars beyond 60 sen.

5. Ekovest has only recently attracted significantly huge interest to its counter. This was fueled by the mega proposal by TS to reorganize, rationalize and to merge its sisters companies to form a conglomerate.

6. There is also wide spread and coverage by research house on the quality and value and its near term monetization of highway assets. The perpetual optimist has accorded Ekovest a target price of 1.16. Other IB believe the Duke1&2 plus SPE are worth Rm11b+ and after deducting the borrowings the highway alone could worth more than Rm1.48 per share.
7. Indeed there is value in Ekovest. Let us try to structure a time frame for its monetization and realization of its quality assets and value.

8. Everything happens with a process and follow a sequence. Therefore, we cannot and it would be foolish to put the carriage before the horse. Now Tan Sri has a mega proposal and the pure intention is to sell his private equity into Ekovest the listed entity in exchange for 1.9b new shares at 60 sen consideration price.

9. Hence, for as long as the new shares are not credited into the CDS account of TS it is unlikely and premature for him to play an effectively meaningful role to push up the share price.

10. With this perception, we could picture and figure out a possible but hypothetical process and sequence of preceding events before the share price to shoot to the sky. And here it is.

11. The proposal was announce on 27th.Sept 2023. It was accepted after one month on 27th. Oct 2023. They have agreed to allow a time of 4 months to conduct the due diligence. This means the completion month of due diligence will be in Feb 2024.
Assuming they need another month to work out the definitive agreement it would be Mar 2023.

12. Next they will engage Investment banker IB to work out the final proposal and submit to SC. This would take say another month and also maybe another month for SC to consider and evaluate its proposal. Additional information may be need and by the time when the approval is obtained it could be in the month of July 2024.

13. Next they will work out and dispatch the circular and convene EGM to obtain shareholders' approval possibly in Sept 2024.
14. By the time they execute the terms of the proposal and the transferring of assets and ownership and issuing of new share to respective parties, it could be December of 2024.

15. In the meanwhile when the proposal is not completed and the new shares are not in the hands of beneficial parties, i think a sharp and helicopter rise in share price is unexpected and unforeseeable.

16. Nevertheless, the scenario has provided an opportunity to trade in a range bound of between 43.5sen and 61.5 sen. Time it correctly, one could still trade and make a fortune while waiting for the monetization of highway assets.

17. Again, this is my personal opinion and laymen perception of the counter.
I could be completely wrong.

18.So read it with a pinch of salt and
apply with skepticism.

31/1/2024

Stock

3 weeks ago | Report Abuse

1.News and information influence and impact share price. Good news elevates share price and bad news reduces share price. Now, how bad is a penalty and specifically the MYCC penalty of 157m imposed on LHI.

2. The penalty has been in existence since the end of 2022. Following the filling and announcement with bursa, the share price of LHI has declined from a high of 73sen to a low of 52sen and on 26th Jan 2024 LHI closed at 55 sen.

3. The penalty and bad news has wiped out about 3650m x 21 sen of RM766m of market capital.

4.Is this necessary or has the sell off been excessive and over done?.

5. If you look at LHI as a business the penalty is a straight forward case in which the fine and the extent of damage is known and certain.

6.It does not affect the production and the day to day business operation of LHI. It does not result in any loss of business revenue or market share or future profit from operation.

7. Hence, the penalty is indeed just a temporary disruptive force that damage short term share price that has not negative impact on the sustainability of the business. The penalty does not affect and has no adverse impact on LHI as a going concern. The company is financially stable enough with a healthy cash flow to meet all its obligations and continue its business in the foreseeable future.

8.In my opinion, the market has over reacted, the sell down and falling share price is unwarranted and unjustified.
9.One should not be deterred and in fact the bashed down low price has indeed opened up an opportunity for you to enter cheap in a big way.

10. That does not mean if you buy LHI and expand your portfolio, you will sure to make money and profit. On the contrary, it means the down side risk is limited and you potential losses are insignificant.

11. LHI has a 4-quarter running EPS of 8.52 sen. At 55 sen it is trading at a price earnings multiple of merely 6.4 x. Its 9 months accumulated profit of 220m for 2023 has surpassed the whole year earnings of 218m in 2022.

12. Therefore, it is worth the risk. Think about it.

12. This is my personal perception and layman opinion of the counter. It is not a recommendation to buy or sell and not intended to influence your investment strategy and plan.
13. Happy trading
26/1/2024

Stock

1 month ago | Report Abuse

1.Dnex has been experiencing a spectacular down trend since 17/2/2022. For two (2) years the counter collapsed from a high of Rm1.33 to 34.5 sen on Friday 20th Jan 2024. It has declined 98.5 sen of 74%. The company has 3156m issued share capital and hence, a massive amount of RM3.1b has been erased from its market capital. All its investors and punters and syndicates suffered enormous losses. The selling is continuing and the worst is yet to come.

2. Technically, the 9 day EMA has crossed over the 26 day EMA on 31/May 2022 from above to below the 26 day moving average line at 1.01 sen. This is a dead cross and it is indicative of a bearish market and in the case of Dnex it is the beginning of a massive down trend.
3.Thereafter, the bears continued to charge forward and the counter maintained its course of decline. The daily closing price is falling faster than both the average lines. At the closing price of 34.5 sen it has fallen below both the average lines. This is alarming and a cause for concern. The worst is not over yet.

4. The MACD also exhibited a gloomy scenario. The MACD line has also decisively crossed over from above to below the signal line. More alarmingly, both the MACD and signal line is trending below the zero line. Furthermore, the gap between the two lines has widen and the solid red histogram which is a measure of momentum has been expending progressively. If the momentum persist on and the selling pressure intensify, the bears will make greater havoc and conquer new territory in the southern region. SO, buyers beware.

5. The RSI relative strength index has been languishing below the 50 points neutral line for months and is currently trending at between 20 and 30 points level.It has remained and continued to consolidate at the oversold level with no sign of improvement.

6. In summary, all the indicators are not looking good for Dnex

7. If you are a risk taker looking for some excitement and attempting to trade and benefit from a short term bottom reversal, than great care must be exercised to limit your losses.

8. A stop loss order must be in place.
You could be in for a surprise for the bottom reversal could turn out to be a falling knife.

6. Let it be forewarned and trade wisely.

20/1/2024

Stock

1 month ago | Report Abuse

1,Yes, The Clarinden was an early investor.They cash out during IPO 5 years ago. Now they are selling again and their action has collapsed the share price.

2.Surprising, they are selling at 50% of IPO price. Unfortunately,for as long as Clarinden is selling, the counter and share price are subject to downwards pressure. Many are already holding onto a loss position despite LHI producing a remarkable and commendable financial result.

3. It is hope that in the coming days, Clarinden has found the sense and solution to its portfolio overbalancing and halt its divestment to ease the falling share price.

4. Notwithstanding, the sell out and divestment, it is not a cause for concern. LHI is fundamentally sound, its business is well managed, profitable and sustainable.

5. The falling share price is a temporarily pain one has to endure for the reward that is forthcoming.
6. Happy trading.

20/1/2024

Stock

1 month ago | Report Abuse

1.Three days ago the candlesticks chart had prominently displayed a bullish cup and handle formation for Ekovest. Encouraged by the bullish indicators many fresh and new investors had gone on a shopping spree and aggressively acquired huge quantity of shares and push up the share price. Volume traded surpass 149 million and TS took the opportunity to dispose again when share price hit 61 sen

2.We were wondering what is the implication of the share disposal by Tan Sri each time when it hit 61sen and above. By his action, can he damage or destroy the cup and handle formation and turns it into a double bottom in the coming weeks before resuming a spectacular rise and shooting to the sky subsequently.

3.Historically, the counter has hit an intra day high of 61.5 but never closed above 59.5sen. It slided down and hit bottom at 43.5 sen and then resumed its climb and hit 62 sen intraday high and closed at 59.5sen again. Therefore the height of the cup is the distance between 59.5 and 43.5 and that is 16 sen.

4.For a cup and handle to be materialized, one would envisage that the base of the handle to be at most at the 30% mark from the height of the cup. This would means 30% of 16 sen or 4.8 say 5 sen. Any thing longer would mean it does not look like a handle. And the cup and handle formation is considered destroyed.

5. Basing on this logic one would agree that the price cannot fall below 59.5sen minus 5sen which is 54.5 sen. Hence,any closing price below 54.5sen would result in a technically disproportionate cup and handle.

6. On 18/1/2024 Ekovest opened high at 56sen, and hit an intraday low at 51sen and finally closed at 53 sen which is lower than the 54.5sen in order to sustain the cup and handle pattern.

7. In conclusion, the disposal by TS indeed has a strong influence and bearing on the technical pattern and formation. If you still steadfastly insist on the cup and handle formation, well it has been somewhat destroyed.

8.TS by his action has reshape the cup with a disproportionately twisted and elongated handle.
9. In the coming days can investors rectify the elongated handle.

10. Over to you. What would you say?

18/1/2024





Stock

1 month ago | Report Abuse

1. The selling is continuing.
Clarinden has embarked on a wild odyssey and destructive voyage to navigate itself out of LHI. It is steadfastly holding onto its new policy and strategy since last year October of a bear rampage and self destruction. In the process, it has irresponsibly collapsed the share price from 73 sen to 52 sen and this endeavor is incurring huge losses and burning a big hole in its own portfolio.

2..Their decision by Clarinder to sell at this point in time when LHI has made enormous improvement in revenue and profit is surprisingly absurd. LHI recorded 220m profit in 9 month that surpass the 218m profit for the whole year of 2022

3. Being a corner stone investor and having subscribed to the IPO price of Rm1.10 hence, for every lot they sell a loss of -Rm580 is realized. Selling at this time and at such bashed down low price is uniquely peculiar of Clarinder.

4. The Clarinder's disposal is not only incomprehensible and illogical but also unwittingly reckless and unintelligent coming from the intelligent Island across the causeway.

5.Warren Buffet has once said 90% of Fund manager or portfolio executive lose money. Another 5% perform below the broader index. The Clarinden is a real case before us that reinforced and best fit Buffet's assertion.

6. On the other hand, there are also many big funds among the top 30 shareholders of LHI. Why they like LHI?

7. I think LHI is a big company operating with modernized technology in poultry farming and breeding and has a superb management serving a huge market that include Malaysia Indonesia Vietnam Singapore and more. Its turnover of 9b is bigger than Genm7.4B, Ecoworld 2.3B, Hapseng 4.7B GCB3.5B, and many many more counters in Bursa.

8. At 52sen it is trading at a 4 quarter running PE of 6x. Comparing to its peer such as QL,and CCK the PE is 36x and 8.6x respectively. Market is irrational.

9. LHI has a ROE of 14% which is considerably high and acceptable.

10. LHI has a dividend policy of 30% payout ratio. In 2022 it made a profit of 218m. So the payout is 0.3 x218 is Rm65.4m. Company has issued share capital 3650m, so the DPS is 1.8sen For 2023 it has announced a 9 month cumulative profit of 220m. If we annualized this number the year end profit would be 293m. Hence the DPS could increase to 2.4 sen

11. Chicken and eggs are sustainable business. It is consumed worldwide in all festival, culture and ethnicity. Incidentally, we are celebrating Thaipusam this month. Feb is CNY follow by Bulan puasa and Ramadan in March and April. Hence, the revenue and profit performance for LHI will be good in the next 2 quarters.

12. At the moment, the only bad news for LHI is the MYCC penalty Perhaps, this is the big reason why the fund is selling and the price is falling.

13.There is nothing wrong with LHI and If you have invested you should not have sleepless nights.

14. The falling price is a temporary sacrifice you have to patiently endure for the reward that is forthcoming.

16. This will happen when Clarinder has completely sold all its shares or at some point in time when it decides to stop selling.

17. Until then, the share price will fall continually. So go for a walk, or meet some friends to have coffee and keep your eyes away from the screen to avoid frustration while Clarinder resume its happy and jolly bear rampage and self inflict destruction and pain.

18. One must taste bitter to understand what is sweet.
Hang on to it if you can.

17/1/2024

Stock

1 month ago | Report Abuse

1.I am a fan of Ekovest. I have been here since Sept 2023, still is and will continue to be around.
2. As you are aware, last year in Sept TSLKH has a proposal to reorganize, rationalize and to merge it sister companies to scale up Ekovest and establish it to become a conglomerate.
3. In the mega proposal and among them, Ekovest will buy 70% of Credence a company that belongs to TS at Rm1.14b. Ekovest will issue new share at consideration price of 60 sen. Therefore the transaction would enable TS to receive 1.9b ekovest new shares.

4 .Ekovest will also buy Danga City Mall and 2 parcle of land from Khazana Melati right in the city center of Johor Bahru and in the vicinity of RTS connecting Bukit Chargar and woodland Singapore.
This transaction is value at Rm310 and the share consideration price is also 60 sen. That means TS and related person will receive additional 516m Ekovest new shares.

5. Upon completion, the shareholding of TS will be increased by 1900m plus 516m or 2416m new shares. That is huge and in one master stroke TS is envisaged to own 51% of the enlarged entity of Ekovest if he succeeds.

6.In retrospect, the week before the announcement of the proposal Ekovest sold 269m or 10% of its issued capital at 43.5 sen through a private placement. Thereafter, share price began to rise. And following the announcement of the mega proposal by TS days after, the share price shoot up and hit a high of 61.5 sen. It jumped 41.5% in the shortest time and TS sold some shares

7 Thereafter, share price began to fall and on 7th Dec 2023 the counter gave back all gains and it was back to square one again and closed at 43.5 sen again.

8.From thereon the counter made a strong recovery and again hit a height of 62 sen for the second time on 8th Jan 2024 and again TS sold 1.2m shares at 61 sen. Following the disposal, the share has contracted to 54.5sen. Fortunately the timely analyst report by Rakuten on Thursday quickly lifted the falling share price above 62sen and finally closed at 59 sen on Friday 13/1/24

9. Technically, basing on the candlestick chart Ekovest is undergoing a cup and handle formation. This pattern is indicative of a bullish market. Some has predicted it to go beyond 80sen and one brokerage house has a target price of 116.

10. What is the implication of the share disposal by Tan Sri each time when it hit 60sen and above. By his action, can he damage or destroy the cup and handle formation and turns it into a double bottom in the coming weeks before resuming a spectacular rise and shooting to the sky subsequently.

11. Let's analyse. The proposal has been accepted by the BOD and TS has a legally binding agreement with all the companies. They allowed themselves 4 months to do the due diligence and thereafter enter into a definitive agreement. Next they will submit the proposal to SC and obtain its approval. Thereafter the company will prepare and dispatch circular and convene EGM to obtain shareholders' approval.

12. To obtain shareholders'approval means the proposal is subject to a vote. For the sake of discussion,let us assume if tomorrow is the EGM and in the hypothetical case that the share price is 116, how would you vote and what minority watch dog would say?

13. Remember, the proposal entails TS to inject 1.14b assets into Ekovest and in return would enable TS to acquire 2.416b shares at consideration price of 60 sen. This would be seen as a huge unfair discount. Hence,there is a risk of rejection or an air of dissatisfaction among minority shareholders over the discount. This should be avoided.

13. However,this does not mean that ekovest will not reach 116. It is a great company with huge land bank in the Iskandar region kept under IWB and IWCity.
Ekovest owns DUKE1, DUKE2 and the recently just opened tolled highway SPE. The highways are the most pricey and quality assets of Ekovest that are worth multiple billion of ringgit.

14. I think more excitement and greater volume and volatility will take place after all the shares are in the hand of TS.

15, This is my personal and layman perception of the counter. It could be completely wrong. Happy trading.

14/1/2024





Stock

1 month ago | Report Abuse

1.LHI was listed on 16th May 2019 and that was 5 years ago. As I read further into the listing prospectus and analyse deeper into the changes in shareholdings of LHI, I realize that Clarinden Investment Pte Ltd was a cornerstone investor.

2. At its initial public offering the company sold 937,500,00 shares of which 250,000,000 were public issue and offer for sales of 687,500,000 by Dato Lau and his family.

3.The IPO price was fixed at Rm1.10 per share and Clarinden Investment Pte Ltd has acquired 328,898,300 shares.

4. Clarinden has invested in LHI and remained invested until Oct 2023 in which they decided to divest. Since Oct last year it has been selling and reducing its shareholding from its original holding of 328m to 304m in Nov 2023,and 288m in Dec 2023,and 227m in Jan 2024
5.As at 12/1/2024 it has sold 328m minus 227m or about 101m shares. The program selling has not eased and it is still continuing.

6. While we do not know the reasons why they sell and much less understand the decision it pain my heart to see Clarinden is incurring a overwhelmingly massive loss that is mind blowing. It is terrifying and You can do the math. Going forward and at the closing price of 56 sen, for each one (1) lot it sell it will lose -Rm540

7. Fellow investors and forumers must be pretty concern and anxious by the program selling and the extend of damage it will have on the share price. To address the anxieties,let's analyse by looking at the volume traded and closing price of LHI for the last trading 14 days.

8.Now on 22/12/23 the volume traded was 16.8m shares and the closing price was 57.5 sen. For the sake of analysis i have added up the volume traded for each day until 12/1/24. and the total volume traded is 102.96m shares and the closing price is 54.5 sen

9. This simply means for LHI to fall from 57.5 sen to 54.5sen it required 102.96m shares to change hand. If you add back the 1.5 sen price adjustment for dividend the share price is actually 56 sen. In conclusion 102m shares changed hand and share price collapsed by 1.5 sen

10. If this is taken as an observation and as a simple guide we could project that for LHI to fall from 54.5 sen to 50 sen there is a difference of 4.5 sen. This also means 102m x 3 or 306m shares must change hand for it to happen. Clarinden has balance 227m shares or less to do the damage.
11. If you have observed the trading pattern of LHI you would notice that for each million shares sell down it is absolved quickly and followed by a clear attempt to buy up again. Clearly another party is accumulating the shares divestment of Clarinden.

12. Market is still wondering who can take on this challenge and much more has the desire and interest to do so. It must be an interested party with deep pocket. Now, during IPO Dato Lau has offered for sales and sold 687,500,000 shares at Rm1.10. He has pocket Rm754m cash. These money can be employed to mitigate and overcome the selling and absolve all the shares.
Hence, minority shareholders need not have sleepless nights and endless worries it could just be a ripple or storm in a tea cup.

13. It is also surprising to see the big fund manager of Clarinden loitering in the trading hall acting like small time remiser on a daily basis engaging in small volume trade. They could have engaged the professional and investment bankers and place out in blocks of multiple tens of million shares and disposed of in off market transaction with days or weeks. They could negotiate for a better price and just a guess Dato may even buy back from them.
14. Now assuming you have invested today at 54.5sen and become a partner in business with LHI, and unfortunately along the way it collapses to 50 sen. For taking a calculated risk of 4.5 sen what can you get from LHI?. Does it worth the risk?

15. Some other days when I have the inspiration I will write again.
Happy trading
12/1/2024

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1 month ago | Report Abuse

1.Tomorrow is the dividend ed-date and shareholders will be rewarded with 0.012 dividend per share. The payment date is 29th Jan. The share price closed for the day at 56sen so it will be adjusted downwards by 1.5sen. Hence the reference price would be 54.5sen

2, The market price will again be determined by the natural forces of demand and supply for the shares. If investors are bullish and buying persist on then the counter could close higher. Conversely,if the bears continue to charge, than the counter will close lower.

3. LHI has been experiencing a mini down trend since late Nov 2023. The 9 day MA line has crossed over the 26 day MA line from above to below on 6th Dec 2023. The gap between the two lines had also widen over many days of trading. However, over the last 3 days LHI has made somewhat improvement. The gap between the two average lines has been narrowing and the closing shares price today at 56 sen has raised above the 9 day moving averages line. This is an early sign of strength and better day are forthcoming.

4. On 29th Nov 2023, the MACD line had crossed over from above to below the signal line. The counter experienced massive selling pressure with declining share price and expending solid red histogram until 8th Dec.

5.Over the weeks, the counter has made tremendous improvement and the gap between the MACD and signal line has been narrowing. At the closing price of 56sen today, the two lines have intercepted and the histogram has been shrinking and more encouragingly, today it is already resting flatly on the zero line.

6. Basing on the principle of MACD analysis this is a pattern that signal a trend reversal is imminent or about to happen and better day may be expected in the weeks to come.

7 The expending solid red histogram that measure the momentum has enormously shrunk. The fact that it has contracted to a flat bar and resting on the zero line indicates that the bears had overworked and showed sign of fatigue. This is indicative of a trend reversal is forthcoming. In the weeks to come the bears could be overcome and taken out.

8. The RSI has been trading at between the 32 and 35 point level. This is far below the 50 points neutral line. The recent decline has plunged the counter into the oversold region since 7th Dec 2023. Although it has remained in the oversold region and bearish for a prolonged period of time, the MACD analysis tells a different picture and indicates early sign of a trend reversal.

9. Hence, the recent bashed down price although painful has in fact opened up an opportunity for those with risk appetites to enter cheap in a big way.

10. This is my personal opinion of the counter and it is not a recommendation to buy or sell.
11. Trade wisely
10/1/2024



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1 month ago | Report Abuse

1.In addition to the dividend payment of 0.18, in May 2023, LHI has declared and announced 0.012 dividend in Nov 2023. The ex date is 11/1/24. In total LHI pays 3 sen dividend per share.
At the current price of 56 sen the dividend yield is 5.3% and that is 76.6% higher than your fixed deposit of 3%

2. While i did not check to verify whether LHI has a dividend policy,but considering that the 4Q running quarters EPS is 8.52sen, therefore the pay out ratio is an impressive 35.2%
3.Hence, the board of directors remains concern and thoughtful by rewarding its minority shareholders and sharing its prosperity.

4. It is still unknown why the Funds sold the shares and reduce its percentage holding despite the fact that LHI will report a significant jump in revenue and profit for the year ending 2023.
5. For the 9 months ending Sept 2023, the revenue and profit recorded for LHI were 7.11b and 220m respectively, Whereas, the full year performance for 2022 was only 218.89m.

6..In the process of running a business, companies do face problem. This is inevitable but the management is always there to resolve the matters, to react and respond to the even changing business environment.

7. As you are aware and it was announced yesterday, the company has initiated follow up action and apply to the court for a stay of execution for the infringement,and penalty

8. The MYCC penalty is just a storm in the tea cup as compare to the catastrophic even of pandemic, lock down, idle planes and total lost of business and revenue that has plunged Asia Asia into PN17

9. It is hope that this would inspire your confidence in LHI

10. This write up is not a recommendation to buy or sell but posted as a form of sharing and learning and a joyful past times

11. Happy trading and see how it goes today.
10/1/2

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1 month ago | Report Abuse

1.On 29th Nov 2023 LHI was trading at its peak with intraday high of 72.5sen and closed at 68sen with a red candlestick. It continued in its decline and hit the bottom of 55sen days ago when market resumed trading after New year.

2. In the short period of a month, it has declined 17,5 sen or 24.1%. Considering that LHI has 3650m issued share capital, that means 3650x 0.175 or about 638.75m has been wiped out from its market capital.

3. What happens??
Well, LHI in a filing with Bursa has informed its shareholders that it has received a letter from MYCC and its decision to maintains its finding of price-fixing infringement with imposition of financial penalty of RM157,470,027
The company says it will apply for a stay of execution and would appoint legal representation to challenge the decision in court. All the best and best of luck in their endeavor.

4. What do you think and its the sudden and massive collapse and loss of 638m in market capital upon receiving the MYCC letter. Is it justifiable?
In my view market reacts negatively over bad data and economic news and more aggressively and irrationally over court case and imposition of penalty and fine.

5. In JHI case it was made worse by the disposal executed by Affinity Asia Pacific Fund.
In anyway, I think the sell out is huge and overdone. The loss of 638m in market capital is excessive and not representative of the case in which the proceeding has not even commenced.
6. LHI is involved in the poultry, animal feeds and many more activities related to the chicken breeding and selling industry. In the 9 months of operation, LHI reported increasing trend in revenue and profitability.
In the 1Q its revenue and profit was 2.1b and 22m. In the 2Q its revenue and profit was 2.4b and 65m. And in the 3Q its revenue and profit was 2.5b and a massive jump of 132m.

7. If the trend is anything to go by and one would expect the 4Q to be equally good and LHI would close the year 2023 with a remarkable and commendable performance.

8. In addition, the 1Q performance of 2024 that coincide with the Chiness New Year would generate huge demand for chicken and eggs during the festival session. Hence, it will be good as well.
9. Currentlt, at 56 sen LHI is trading at a 4- quarer running EPS of 8.52sen and a PE multiple of 6.5x. Considering LHI is among the largest breeder in Malaysia and in the region and considering the Bursa PE multiple is between 13.5x to 15x therefore LHI at 6.5x is unjustifiable.

10. in my opinion, the sudden collapse is unnecessary and overkill. It is not a threat instead it opens up an opportunity for you to enter big and cheap.

11. LHI is currently best fit the description of Warren Buffet. In his quote he said.
It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
12. This is my personal perception of the counter and it is not intended in anyway to influence your investment decision and strategy and much less a recommendation to buy or sell.
13.Think about it. Happy Trading

9/1/2024



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1 month ago | Report Abuse

1.The efficient market hypothesis states that share price reflects all information of the company. Therefore price will remains at rest unless acted upon by new information.

2.Hence, recycling old news has significantly no value and misleading to investors.

3. Although it is a free world and anyone could write, I would refrain.
5/1/24

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1 month ago | Report Abuse

1.Ekovest has decisively established a golden cross at 47 sen on 22/12/23. Golden cross is a bullish indicator and hence, the counter has been trending upwards with closing share price traded encouragingly above both the EMA lines.

2. The MACD line which is the difference between 12day and 26day exponential moving average has also cross over the 9 day signal lines. The gap between these two lines has widen and the momentum indicator as represented by the histogram has become larger and longer green histogram.
3. Technically,investors are bullish about the counter and buying momentum will persist and Ekovest is attempting to scale and conquer new height.

4. Happy trading
3/1/24

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1 month ago | Report Abuse

1.This is in response to your recent posting.
Rich, this is what you have said. I copy and paste

**I will buy but I wait Feb 2024 just collect the cheap ticket. If ekovest want to profit and get dividends need to wait 2027. So no rush wait 0.25 just buy**

2.Ekovest has announced its 1Q result last month and the company has successfully turnaround after 2 years of losses due to the worldwide pandemic. The company reported 271m in revenue and a profit before tax PBT of 23.008m and a profit after tax of 3.083m.
3.The net profit was decimated by the current tax of 11.34m and a deferred tax of 9.022m. Notwithstanding the exorbitant tax , Ekovest has been able to generate profit from all segments of business and operations.

4.Specifically, the profit performance of Ekovest by segments according to its announcement in Bursa is as follows.

5.The profit generated by the construction operation is 45.6m. The toll operation contributed 46.069m, plantation 6.443m, property investment and others 2.233m. The company has insignificant and negligible losses form the property development segment as well as 1.35m loss from its food and beverages division.

6. In fact the company has demonstrated excellent recovery in all its business operation and achieved total segment results of 99.163m in profit.

7. Going forward and leading into 2024, ekovest remains optimistic in delivering positive financial results and is confident that each of the Group’s segments would contribute positively for the financial year ending June 2024. The excitement has just begun.

8.First, the sultan of Johor will be inaugurated to become Agong in Jan 2024. Plenty of investment and infrastructural developments are expected to happen in JB. Even before the completion of RTS in which Ekovest is the key player, there has been talks of 3 LRT form Iskandar, Senai and Mount Austin ending in the Bukit Chargar RTS. This would be a game changer for Ekovest , good for Johor state and benefit to the country's economy.

9. Second, the mega proposal by TSLKH in which Ekovest shall buy 70% of Credence would enable Ekovest to indirectly access to 4212 acres of land in the city center of Johor Bahru and the Iskandar region most likely along the planned LRT route. When this materializes, the GDV of ekovest is enormously huge and unthinkable. Even if it does not secure any future LRT projects,it still have the land for development along the route.

10. Third, the plan development of TOD2 and TOD3 in which I have previously emphasized would generate huge revenue and contribute positive earnings in the near future.
11. Forth, Ekovest has excellent and high quality concessionaires assets. It is the owner of the recently opened SPE tolled expressway. In additional it also owns 60% of DUKE 1,DUKE 2 with EPF holding the remaining 40%.

12. Once the mega proposal to reorganize, rationalize and merger of sisters companies is accepted, executed and completed, the most logical next step a businessman would do it the monetization of assets. Given a little time I believe Ekovest will shine and share price could shoot to the star.

13. Investment is about the future and driving forward with a vision and mission as in TSLKH's proposals. Unlike Realrich, who is repeatedly crying over Ekovest’s poor profit performance of 3m is already in the past And persistently harboring on it is like driving a car using the rear mirror. How good can it be?

14. The market does not anticipate any significant harmful impact arising from share dilution. The damage is fictional and an imaginary creation of Realrich.

15. Rich, People are tired and numb by you repeatedly humming on the same song.
Dilution Dilution Dilution.
You are not Taylor Swift. Are you??.

16. Hi Rich, many people in the forum say you are not smart. And you know you are not smart right, but just pretending to be smart by blowing your own trumpet.

16. I am encouraged by these people to close my write up and issue you an open competition and a friendly challenge. Here it is.

17. Rich, if Ekovest does not fall below 25sen by FEB 2024 in which you have claimed, than i am correct and you are wrong and you will have to write an apology for the sacrifices we have to endure all this while over the shit and nonsense you have posted.

Otherwise, my analysis is incorrect and you will not be ridicule again.

18. Let the share price be the judge.
29/12/23

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1 month ago | Report Abuse

1.SCG has a spectacular rise from 28.5sen in June 2023 to hit an intra day high of 43.5sen in the end of December. In the 6 months period, the counter has soared remarkably more than fifty two percent. (43.5 - 28.5)/28.5 = 52.6%

2 , The company has 800m issued capital.For the 9M ending Sept it has generated 746m in revenue and 17.01m in profit. The accumulated earning per share EPS for the 9M is 2.13sen.

3.For the sake of analysis, let us simply annualized the EPS with this formula. Hence, the year end EPS is (2.13/3) x 4 is 2.87sen

4. The current bursa market PE consisting of the 30 largest companies by market cap is 13.5x. Therefore, if we assign the bursa PE multiple for SCG, than the year end share price of SCG should be 13.5x2.87 is 39sen.

5. SCG closed at 41.5sen today. At this price it is deem fully valued.

6 This is my short term and personal perception of the counter. It is not a recommendation to buy or sell but is intended as a sharing by providing an alternate view. It may or may not reflect the actual situation of the company.

Happy trading
28/12/23

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1 month ago | Report Abuse

1.Today Ekovest opened with a bullish undertone and impressively gap up 1.5sen. During the trading session it hit an intraday high of 50sen and a low of 48.5 and closed remarkably at 49.5sen over comparatively huge volume of 35.9m shares.

2.The 9 day moving average has advanced upwards and moved from below to intercept the 26days moving average at 47sen. Two days ago, it was at the onset of forming a golden cross.

3.With the interception of the 2 moving average lines, Ekovest has decisively and successfully staged a Golden Cross at 47 sen. A golden cross is a chart pattern that is indicative of a bull market. And hence, more advancement in share price is reasonably expected technically.

4.The 14-day RSI Relative strength index which is technically a momentum indicator has advanced considerably from 45 points from a week ago to hit 55 points level last week has soared further to settle at 61.5 points at market close today. The positive sentiment and continued buying could possibly push the RSI into the oversold region beyond 75 points and stay elevated in the coming days.

5.Basing on the technical development plus the continued and persistent buying, the bulls in Ekovest could possibly conquer new territory and scale new height leading into 2024 and beyond.

Happy trading
26/12/23

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1 month ago | Report Abuse

I appreciate your remarks which are unique and unusual. There are sensible advice with a touch of flattery, full of praise and compliments.

It is heartwarming to note someone actually read and find the material useful.
My posting is not a war of words but constructive criticism and more of a friendly shouting compitition in the forum.

Zazzyy, I am happy to learn that you stand by me.
Thanks.

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1 month ago | Report Abuse

1 I have read your posting and I failed to understand and much less feel your anxiety and concern. For future reference and for the benefits of fellow readers, I have copied and pasted it hereunder.

2.DickyMe this is what you have said

***Ekovest political connection is gone.
Old man and gang have lost their power.
They say captains of sinking ship will drown with the ship.
No one can help them***.

3. To put it into prospective, by your expression, you are of the opinion that Ekovest is akin to a Titanic on a sinking mission. That literally means Ekovest will be insolvent, delisted and go into bankruptcy.

4.Now, let us examine what does it take to sink a ship according to the bursa listing requirements and Securities Commission listings guild lines

5. First, the company must have generated huge accumulated losses that trigger PN17. Even after it has been affected by PN17 the SC would allow the company one year to submit regularization plan. Should it require more time, it can request for an extension and further extension.

6. Let’s examine further. What are the criteria for PN17 in Bursa Malaysia?
The criteria for triggering PN17 are as follows. The shareholders ‘equity of the listed company on a consolidated basis is 25% or less of the share capital and such shareholders’ equity is less than RM40 million. This is the definition of a sunken ship.

7.Notice that, according to the latest 1st quarter announcement Ekovest has 1,256,139,000 share capitals and its total equity is 2,936,370,000. For Ekovest to sink, it must sustain 2,936,370,000 minus 40,000,000 =2,896,370,000 of future accumulated losses.
8.Hence, even if the management does nothing and the company lose 100m a year it will still take 29 years to sink the company. The number is so huge that it can withstand any economic and financial catastrophic phenomenon. Investors should not worry and need not lose any sleep.

9.This is a free world. Anybody can write and post it. But you must do it with responsibility.

10 Now, DickyMe it is your turn to explain and prove it with numbers Why Ekovest is
**a sinking ship and the captain of sinking ship will drown with the ship**

11. Be fair to Tan Sri and he certainly thinks otherwise.

Please enlighten us.
25/12/23

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1 month ago | Report Abuse

1.We are not perturded by the layman remarks on ROCE and have no qualmn to continue in our buying spree in ekovest.
2. In fact we are fully aware that Ekovest is still a loss company post covid with negative EPS and negative PE.
3. These are history and it should not deter you and much less influence and alter your strategy and plan investment.
4. A less than attractive ROCE is just one out of many indicators in ratio analysis.
5 it has no bearing and impact on share price. It is like a pimple on a young and pretty face. Soon it will fade n disappear and looking great and gorgeous again.
5. Investment is about the future. The greatest catalyst that push up share price are future profit and earning growth.
6. In this sense, the fundamental of ekovest has enormously improved. The prospect has brighten and attracted huge investors' interests.
First, ekovest has a mega corporate exercise in which TSLKH would inject 1.14b of assets into the company.
Second, ekovest will hold Credence that in turn will hold IWB and IWCITY that has a land bank of 4212 acres in the iskandar region and the city centre of JB.
3. Ekovest will acquire 15.83 acres of land in city centre and develop TOD2 n TOD3 along the RTS which would generate enormous potential profit.
4 these are some of the things and many more we do not know which ekovest will do to improve its earnings in the coming days and years.
5. Ekovest has high quality and value assets. You see, MRCE that own the johor EDL merely 7km and not even collecting toll fee is already braging so loud about its possession.
If you are not aware Ekovest has 3 expressways. Duke1 and Duke2 and SPE. They remain hamble and quiet about it. Someday when they take steps to monetise the highway, you will be shock by its value.
6. Roughly, the DCF of the 3 highways according to one IB analyst is about 10b. If you minus the debts 5.3b and divide it by 2965m share, the value per share from the highway is RM1.49.
7.Are you still afraid and frighten of ROCE?

8. There is no need to worry and be discouraged. Only fools and idoits plus the Realrich one would be intimidated and chicken out.

9. I will still go to the count down tonight and have a good time. And you should too.
24/12/23

Stock

2 months ago | Report Abuse

The rich posting has no content and substance but purely nonsense and nuisance is a mindless vandalism to the forum.
2. We accept the apology from the thoughtless celebrity.
23/12/23

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2 months ago | Report Abuse

1. In the past, the shareholders of SCG were mainly unknown consisting of Ah kow, Ahmad and Samy without any hedge funds, financial institutions or high net worth individuals.
2.Dato has finally come to his sense and realize that he alone cannot do much and for the share price to move he needs the help of someone with deep pockets. The company must improve the quality of its shareholders with high profile anchor investor/s and much better from the institutions.

2. The most significant corporate development in SGC over the past weeks had been the disposal of 38m shares on 17/11/23 and 25m shares on 24/11/23 by Segamat Handal Sdn Bhd in the off-market transactions.

3. While we do not know the name of the new investors , they certainly created great confidence and generated enormous interest in the counter. SCG is heated up with volume and persistent rise in share price. This time it is real.

4. SCG is a key player and leader in the cable manufacturing business. A lot has been said and discussed in my previous posting and i shall not repeat it again here.

5 SCG is a long term fundamental value investing stock. Allow it some time to realize and maximize its full potential. We intend to stay invested

6. Someday your endurance and perseverance will be handsomely rewarded.
Happy trading
21/12/23

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2 months ago | Report Abuse

1.Ekovest closed 1 sen higher at 48sen over 27m shares traded. This number is comparatively lower than the volume of 64.7m shares traded 2 days ago. Today is T2 for the 64m shares and a lower volume explains clearly that there is no sell down or very limited contra transactions. Most of the buyers paid and picked up the shares.

2. In addition, there is evidence of fresh buying and the counter close higher in the green region. This is a sign of investors’ confidence and commitment to the counter.

3. Technically, as at today 20/12/23, the 9-day moving average is 46.83 sen. Investors are serious and bullish about ekovest and in last 10 trading days the closing share prices had consistently closed above the 9 day moving average line as shown in the candlesticks technical chart.

4.The 14-day RSI Relative strength index which is technically a momentum indicator has advanced considerably from 45 points from a week ago to hit 55 points level at market close today. It is only slightly above the neutral line of 50 and the strength of buying momentum could push it higher and probably would conquer new territory possibly in the 70 point level in the coming days or weeks. Hence, the RSI has provided a buying signal and a precious opportunity have emerged.

5.The 9 day and 26 day EMA is now at the inception or starting to establish and form a golden cross. Considering the huge improvement in buying interest, its volume and volatility, I believe the short term moving average will rise above the long term moving average in the coming days.

6. I view this technical development from the candle sticks chart as a strong signal and pattern indicative of a bull market. Better days for Ekovest are yet to come.

7. Those who have risk appetite would buy at the onset of golden cross whereas those who are not so adventurous would wait for the formation of golden cross and buy at higher price.
8.The choice is yours
Happy trading.
21/12/23

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2 months ago | Report Abuse

Silly and irresponsible remarks. Stop monkeying around.
I will not reciprocate from hereon.

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2 months ago | Report Abuse

I have never said IWcity will be delisted. This is your irresponsible remarks that again and again reflects your disgusting behavior and despicable characters.

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2 months ago | Report Abuse

1.Rich everyday you write irresponsibly and post them without facts and numbers and much less logic and intelligence. People are laughing and you still don't get it. Many had tried in vain to help and teach you. You are simply unteachable. I pity you.

2. Rich you cannot be more silly when you wrote and posted this. I copy and paste

**Any news who attended the AGM let us know if proposal everything rejected. I will buy. If proposal agreed I will wait 50% diluted at 0.23**

This is AGM annual general meeting. It deals with all the ordinary resolutions and ordinary resolution just need a simple majority which means TS alone plus a few votes from his friends is enough to make the resolutions carried and adopted.
The question of rejection does not arise.
Your question is as good as asking Realrich is your mother a woman?.

3. The AGM has nothing to do with The Proposal. It is a mega corporate exercise that requires an EGM. Your question truly reflect your ignorance and zero knowledge about Bursa listing requirement. In addition, the proposal has been accepted by the various companies and TSLKH already has a legally binding agreement.

The companies will undertake due diligence and enter into a definitive agreement. IB will submit proposal to SC. When the approval is obtained, company will prepare circular fix EGM to obtain shareholders' approval. This would be the working process.

4. Rich, your postings show that you know nothing about corporate matters. Hence, it is far better for you to remain quiet and be thought a fool than to open your mouth and remove all doubts, a famous professor would say.

5. Rich, Your now famous one line is always and invariably 50% dilution and share price would fall to 23 sen. You are a one-trick pony with only one special talent.,The proposal was announce on 27th Sept and in a few more days it would be 3 months. None of your assertion is good and it has yet to come true. Share price is as stubborn as your character. The former has not fallen much and the latter has not changed much.

6. Rich, you possess mosquito minds, shallow and small and you are incapable of understanding the rationale behind the proposal initiated by TSLKH and its ultimate objectives. You do not speak the language of business, unable to recognize value and mistaken diamond for a stone. You obviously did not read the proposal, unable to understand and much less appreciate the enormously huge effort expended to generate the master piece.

7. The proposal is to reorganize rationalize and mergers of sister companies. It is absolutely necessary and a valuable vehicle to unlock the value of land bank and to monetize the value of its great assets specifically the highway subsequently.

8.Rich you don't have and much less understand corporate minds and the working mechanism of big business. It is not rocket science and it does not take a genius to understand that Ekovest is the chosen company among the rest in which TS shall bet and place his money. It takes education and knowledge of OT and OB to appreciate the proposal.

9. Your understanding of organization theory OT is seriously lacking and you study on organization behavior OB has been acutely neglected.

Digest it
16/12/23


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2 months ago | Report Abuse

1.Ekovest is a counter designated for RSS and IDSS.

2. Last Friday on 8/12/23 the net shot position of Ekovest was 14,991,865 shares. This week the net shot position was 13,494,465. The published information and data indicated that the operators had undertaken shot covering and acquired back 1,497,400 shares.

3. The implication of shot covering endeavor by the operators of RSS and IDSS signified the price has bottom and stabilized in the immediate term. It is now forming a strong base price at 46 sen and above,

4. Notice, that even the shot sellers had turned bullish. Someday they will be taken out and share price will move upwards and sustain at elevated level.

5.Therefore in 3 months time or by 16th Mar 2024, Ekovest will not go down to 23sen. It is so ludicrous and laughable. Avoid being a clown, you will not succeed in turning the forum into a circus.

5.Instead, it could possibly add 23sen to close at 69sen when the proposal goes smoothly according to plan.

6.Hence, be bold and courageous when the Rich are coward and intimidated.

Happy Trading
16/12/23

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2 months ago | Report Abuse

RISK
May your investment prosper and portfolio flourish.
Thanks

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2 months ago | Report Abuse

Youngman,
I am glad to know that you have enjoyed reading my posting.
Hope it helps.
Happy trading

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2 months ago | Report Abuse

1.Ekovest soared to the recent height of 61.5sen in late September 2023. Following its announcement of a mega corporate exercise to reorganize, rationalize and mergers of sisters companies, the counter experience a drastic and enormous fall.

2. Share price has retracted sharply to bottom at 43.5sen or about 30% correction on 7/12/23 from its recent height and bounce back encouragingly following some good news on the progress of RTS and an unexpected quarterly small profit in its filing with bursa while many had anticipated a loss quarter.

3.The counter has heated up with volume and volatility and now is still struggling to form a solid base price at 45sen and above. What would happen from hereon? Let's analyse by using the numbers and facts from the proposal initiated by TSLKH.

4.The proposal has been accepted by the BOD of various concerned companies and TS now has a legally binding agreement.
5 Specifically, Ekovest will buy 70% of Credence at 1.14b and Ekovest shall issue 1.9b new shares at the consideration price of 60sen

6.Next Ekovest will buy 2 pieces of land about 15.4acre from DCM and KMSB for 310m and issues 516m new share also at the consideration price of 60sen
7. The corporate exercise would enlarge its current share capital from 2965m shares to 1900+516+2965 = 5381m

8 The market capital on the announcement day plus the assets injection would be the total value of the company.
8 So, the value per share will be the total value divided by the enlarged capital. Hence
[1719+(1140+310 ) ] / 5381 = 58.8 say 59sen

9 The market value of an assets will be valued and determined by professional valuer. Traditionally, the market will apply a discount to the assets injection.

10 For the worse case scenario when a 30% discount is applied to the injected asset, the
value per share would be [1719+(1140+310 )x 0.7 ] / 5381 = 50.8. say 51 sen

11 From hereon the company will conduct due diligence, prepares definitive agreement, submit proposal to SC and bursa for approval, prepare circular fix EGM to obtain shareholders' approval and then implementation and execution of the entire proposal.

12. This will take time and i believe share price will gradually move back to 59sen according news flow and development.
13. The excitement begins and value enhancement will take place after the completion of the reorganization, rationalization and mergers of subsidiaries companies and when all the shares or 51% of the enlarged share capital of Ekovest is in the name of TS.

14. Number one ekovest through its acquisition of Credence will hold substantial stake in IWB and IWCITY. In its filing with bursa and according to the proposal, IWH has 3250 acres of strategic land bank mainly located in the city center of Johor Bahru and IWCITY has 962 acres of land bank in Johor. The total land bank is 3250 + 962 = 4212 acres.

15. I am not a professional so i cannot figure out what is the value of 4212 acres of land. Perhaps you already knew Sunway only has 3308 acres of land and the GDV gross development value assigns to it is Rm53b. Now you do the math for Ekovest.

16. Next the 2 pieces of land acquire from DCM and KMSB in the vicinity of RTS are used for the development of TOD2 and TOD3. The RTS is a 1.98b project currently under construction by Ekovest and others. The value of TOD is currently not known but would be huge.
17. The value of Ekovest is in the Expressway DUKE1 DUKE2 and SPE.
EPF has a 40% stake in DUKE1,2 whereas SPE is 100% owned.

18. According to analyst report from UOB a month ago, the value of DUKE and SPE is 4557m and 5170m respectively on a DCF basis. Ekovest has MTN about 5.3b so in simplicity the net value of the expressway is 9727 -5300 = 4427m

19. Therefore the value per share just from the expressway alone is 4427/2965 = Rm1.49

20. This is my personal perception and opinion of the counter and the company and it is written and posted as a hobby and past times. It is intended as a basis for sharing, learning and earning together.

Happy trading
13/12/23

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2 months ago | Report Abuse

1.Everybody in Ekovest is partying this morning,except one who is really rich.

2.All of us have sadly discovered, we can't teach a donkey how to dance.

3.The night is still young and the music is still glaring. It could still amaze and amuse you again with its violent kicks of nonsense, fictions and imaginative creation in its next donkey posting.

4. Believe in the great fundamental change of Ekovest and trust your own research and analysis.
5 Beware of hard working mule. Not to follow him.
The best he can find are hay and grass.

6. Invest wise and steadfastly.
11/12/23

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2 months ago | Report Abuse

Do not be overly discouraged. Profit from the lesson. Sell out,cut loss and move on.
Best wishes n happy trading
11/12/23

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2 months ago | Report Abuse

1.Mudajaya is still continuing on its long term decline. There is no light at the end of the tunnel.
2.It is still struggling with its challenge to raise fund to pay off debts.
3. In the end the enlarged share capital could possibly balloon to 3b shares. It will hurt the EPS and hence the long term share price.
4. Investors would have to endure some scorching heat and brutal cold. The right issue will dampen company sentiment and share price.
5. all the best
Trade wisely
11/12/23

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2 months ago | Report Abuse

You are like Warren Buffet who enjoys watching grass grows and his partner Charlie Munger who is excited watching paints dry.

2. There is nothing wrong with the strategy. It is a sacrify one has to endure to see her investment grows.
3 Happy trading.
9/12/23

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2 months ago | Report Abuse

1.SDS has a spectacular rise from 25 sen and peak at 96sen in Mar 2023 on news for its transfer from the ACE market to the main market of Bursa.
2. After a blown out rally it started to correct itself and in July it has built a strong base at the support price of 58sen. Over the 4 months sds has soared an impressive
(71.5/58)= 23%
3.If you are among those of us who have longed the counter, you are better off today than you were yesterday.

4.Considering, that sds is a cyclical stock and its profit performance traditionally peaked in the 2nd Quarter that captured the mid autumn festival sales, it is therefore, not a bad
idea to take advantage of the rally and benefit from it.

5. SDS aspires to enlarge its manufacturing capacity and plan to open 3 cafes annually. While we appreciates its long term strategies, it is nevertheless not expected to experience explosive earning growth in the near term.

6. Hence, Sds will be a short term trading stock.
Happy trading.
6/12/2023

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2 months ago | Report Abuse

1.Yes, you are correct. Just like what the market has expected, SDS reported substantial rise in revenue and profit in the 2nd quarter that captured the raising sales during the moon cake festival.

2.In about 2 months SDS has recovered from a low of 58sen in Oct to 69sen early this morning. During this period it has soared (69/58) an impressive 19%

3.SDS has declared 0.006 sen dividend and the dividend Ex date is on the 8/12/23

4.For the 2nd quarter sds achieved 84m in revenue and a profit after tax of 9.4m as compare to the preceding quarter of 71m and 4.9m respectively.

5. The counter is now trading at a PE multiple of 11x
6. It has attracted some buying interest. Volume has increased and share price has inched up.
It is hope that the momentum will persist and the continued buying could sustain the price at an elevated level.
7. All the best and
Happy trading
4/12/23

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2 months ago | Report Abuse

1.It is a futile adventure and a fruitless endeavor in trying to explain how cold is snow in the winter to a worm that lives in the summer and dies early in autumn.

2.Likewise, for someone with a shallow mind will never understand the complexities of business in ekovest and much less its enormously huge potential and value. You will never comprehend.

3. I will not waste anymore time and this would be my last unkind, inconsiderate and harsh remarks on you.
4.I wish you well in your investment journey and all the best in the search of knowledge and wealth.
5. Happy trading
3/12/23

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2 months ago | Report Abuse

1.Several years ago major shareholders of Mudajaya sold out and a Taiwanese tycoon called Jerry acquired a hugely substantial block of shares and embarked on a journey to reorganize, restrategize, refocus and revive the company.

2. Since than it has made many attempts to energize the company to improve the business operation, generate cash flow, strength of balance sheet, settle some debts and reduce its gearing,

3 The company has several years ago undertaken a fund raising exercise to pay debts and improve working capital.
4 With the new management, there had been some improvements in some quarters announcement with raising revenue and contribution. However, revenue and profit were erratic and inconsistent.

5. Over the years it has undertaken a massive geographical expansion and penetrated into china by acquiring Real Jade a cement company.

6 The acquisition cost for Real Jade was HK400m or about RM240m. Real Jade has begun and managed to contribute in some small way to the bottom line of Mudajaya.

7 Just as the market begins to see a green shoot of recovery in mudajaya, it announced a shocking news a week ago.

8. Apparently, the company is still owing the vendor of real jade RM119M and with added interest payment has ballooned to 127m. Mudajaya is having a tough time and facing a great challenge to repay the remaining acquisition cost.

9 Hence, it has announced a corporate exercise outlining a proposed variation and propose right issue with warrants to address the acquisition cost and debts problems

10 In the proposal, the seller has agreed to accept RM72m in cash and the remaining Rm55m in shares with consideration price at 22 sen or 250m new shares.

11. The company will offer 1 right issue for every 4 share held at an issued price of 17sen. For every right share subscribed, one would rewarded with a free warrant. The conversion price is 22 sen

12. In general, corporate exercise of fund raising through right issue is bad news. The fact that the fund raise is used to pay off debts makes it worse.
However, since its announcement, share price surprisingly still manage to hold on resiliently.

13.Mudajaya has issued share capital of 1875m. It will issue 531m right shares. it will also issue 250m consideration share to the vendor. The vendor will also subscribe 62.5m right shares and upon conversion of new warrant ,531m shares will be added and the total enlarged share capital would ballooned to 1875+531+250++62.5+531 =2999m

14 The enlarged capital would have a severely huge burden and seriously damaging to the EPS and the future share price.

15. The cement industry and business in china and to some extend Real Jade could possibly affected by the negative sentiment in the property and construction sector caused by Evergrander , country garden.

16. Mudajaya closed at 16,5sen last Friday. The reason why it did not fall much could partly because the right share has been priced at 17sen. If it allowed to fall to far below 17sen , than the right share will not be attractive. Existing shareholders will not subscribe to the right shares. The fund raising exercise will fail. Vendor will not be paid and there will be consequences.

17. This is the recent development in Mudajaya.
The company is still facing issues and challenges.
Can Jerry pull through? Would you stay invested. The choice is yours.

18. Hope it helps. Happy trading
2/12/23

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2 months ago | Report Abuse

1.YES and strongly agree.
He is an insanely deranged imbecile who writes nonsense, untruth and misleading rubbish

2.This is a copy and paste version of his shamelessly brainless posting.

***But ekovest don't have real develop project. If they do some real things I maybe will support you***

3.Notice that Tan Sri said in the notes to the accounts ON PAGE 6 of the 1st quarter result announcement on Bursa days ago. He said,

***The revenue maintains stable as compared to 1Q
2023 as our Rapid Transit System Link (“RTS Link”) projects are progressing steadily.***

4.This real rich people is always fantasizing with and boosting about his s.k.p skinny kinky prostitute and absolute ignorant of the fact that Ekovest is the contractor for the JB-Singapore RTS link that is now 55% completed.

5 Work will go on until 2026 and is expected to open in Jan 2027. It will commute 10,000 passengers per hour each way.

6. The JB-Singapore RTS link is one of the biggest and hottest infrastructure in the states. Every other weeks there is update and write up in the press.
One must be mad and insane to claim ekovest has no project.

7. All Investors are proud to be associated with ekovest whose name and logo is a symbol of strength and trust.

7 Have a nice weekend.
2/12/23

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2 months ago | Report Abuse

1.The forum is for sharing,learning and earning together. Hilariously, for someone who is Really Rich, every time he writes, he become famous as a clown. While many have definitely found his posting entertaining and amusing, they are nevertheless, misleading, inappropriate and downright disrespectful to the company and its investors.

2. To set the record straights Ekovest is not a PN17 company that you have irresponsibly claimed. On the contrary it has Rm1.165b reserve, investment fund 225m, short term deposit of 315m and cash balance of 89m.

3. Ekovest did not suffer losses continuously for 10 years as you have mindlessly claimed. Just like most companies during the covid years, ekovest sustained temporary losses in a few quarters and according to yesterday's announcement has triumphantly turned around with a small profit. For someone who constantly wish for pain and discomfort for others, and a strong passion to sell ekovest to fall from 50s to 15s you must be sadly disappointed for being deprived of the sadistic satisfaction.

4. You truly do not know EPF does not own DUKE highway. This is an assertion coming from some Really Rich guy who has too much alcohol. EPF paid 1.13b to acquire 40% of DUKE highway in 2010. This means 14 years ago just DUKE1 is already worth 2.82b.

5. When the alcohol fades and the hangover is gone and you become sober, kindly honor and respect the hard work of ymtan. Heed his advice, do your home work and post responsibly about Ekovest with facts and numbers and stop being a prolific liar. Tan Sri would not appreciate it. If you are his mistress, he would kick your ass and give you a mouth full.
6.There are many more misleading, misrepresentation, twist and distortion of facts in the Real Rich postings. You can read them but try not to waste too much time with it.

6. Dear friends and followers let us end this posting with a meaningful and joyful remarks to instill some confidence. The Setiawangsa - Pantai Expressway previously known as DUKE3 that is 100% owned by Ekovest and has been opened and tolled free for a month since Nov 2023. The grace period has ended. For its many years of remarkable and commendable devotion and hard work, today Ekovest can officially begin toll collection. It can go on for 53 years.
7. Tell the rich guy not to distort and twist the fact.
8. Happy trading
1/12/23

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2023-11-18 12:35 | Report Abuse

1. Do you think Ekovest will fall from 50s to 15s?.

Stock market and share trading are not mathematical and engineering science. If you add 100 to 200 it must be 300 mathematically. Any other numbers are incorrect. You can drive a train at 300km per hour from KL and will reach JB in 1 hr 5 min and 40sec accurately. That is engineering science. Water will boil at 100 degree, not 99 and neither nor 101. In all these cases and many many more the outcome are known and expected precisely and accurately. This is engineering science.

3. Conversely, share trading is an art. Millions of people trade in the stock market and they buy and sell for thousand of reasons. The parameters that influence trading behaviors are huge, varied and uncontrollable. Some are consumed by greed, others are overwhelmed with fear. They are those who are irrational and impulsive, adventurous and risk seeking. Many are opportunistic and optimistic and some like Real is really pessimistic. Other factors include country and political risk. Sector outlooks and industry attractiveness company fundamentals and the list goes on.

4.Hence the outcome of a corporate exercise affecting share price are not known and expected or determined because share trading is not engineering science. For the same reason a proposal to reorganize , rationalize and merger of sister companies that result in a bigger entity with enlarged share capital in Ekovest may not necessarily dilute share price.

5. Notice that slightly more than a month ago, Ekovest issued 10% or 269m new shares at 43.5 sen to raise Rm117.27m and enlarged the share capital from 2690m to 2965m shares.

5. By conventional and REAL argument, the price must fall owing to share enlargement and dilution. On the contrary, following the fund raising and increase in share capital, price of ekovest did not dilute and fall . Instead it moved up from 43s to 50s to 55s and hit a height of 61s before it retracted and now building a strong base at 50s and above which is a far cry away from 43.5s. Why? Share trading is not engineering science.

6. Let's deviate momentarily and look at Capital A formally Airasia. During the covid years it lost more than RM7b and now has negative NTA of Rm2.01 per share and fell into PN17. Technically, the company has gone burst and insolvent. Again by conventional and REAL argument it should by down to 0.005s. Yet Airasia is hovering strongly at 80s and above. Why? Again, share trading is not engineering science. It is about investors' perception on the prospect and future of the company.

7. Now, the proposal has been accepted and TSLKH has a legally binding agreement and set it in motion. It is well received with excitement and anticipation.
Hence, Ekovest falling from 50s to 15s is highly improbable.

8.In the unlikely event that it is sliding down manipulatively, you can be assured that there would be damage control and strike back. Look at it this way. When you have a new car you would exercise great care to prevent it from scratches. When you have a new house you would equip and secure it against theft. That is how much you would protect your interest and love your assets.

9.Now when he owns a company with billion of shares in Ekovest and someone is going to burn it down by program selling to plunge it from 50 to 15 sen, don't expect Tan Sri to sit still. You have touched a live wire. And it has consequences.

He will mobilize all his friends and cronies, advisors and experts, financial and resources and walk in the corridor of power and use all the experience and skill of a shrewd businessman to take you on and teach you a REAL lesson you would never forget.
Prepare to be hurt. There will be broken bones and blood spilt figuratively.

10. In my layman opinion, it is safe to follow through the proposal,
ride on the free wagon and profit from it.
Happy trading
18/11/23

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2023-11-16 14:40 | Report Abuse

1.The accounts of Ekovest are audited, verified and accepted to be true and fair with no qualifying statement by internationally renowned professionals and auditors. To say otherwise, is misleading and malicious.

2 In your closing statement which I copy and paste.
This is what you said
***But ekovest already 10 years more accumulated losses if want to become retained earning need to net off previous 10 years more accumulated losses. So I am saying if need to turn to positive returns earning need 15 years***

3. Had you read the accounts of ekovest, in the latest quarterly announcement in Bursa, you would have noticed that on the contrary, Ekovest has Share capital Rm1,138,871,000 (1.13b) and attributable retained earnings of 1,084,249,000 (1.08b) Yes, the company has retained earning 1.08b
By your expression, you have purposely created an untrue impression and statement of account of Ekovest that is misleading, damaging and vicious just because you dislike the counter. This is not the second times.

4. You write irresponsibly without facts, logic and basis. You elementary function as a worthy forumer in i3 to provide fair representations and accurate status is ghastly and horrendously neglected.

5 Had you post similar question at the AGM of Ekovest, the accountant will be angry with you. The auditor and the accounting fraternity will laugh at you. Tan sri would probably say he will not waste any time to enlighten small fly which hang around in toilet what bee does in the garden of Ekovest and Bursa. It is difficult for bee to explain to fly and make them understand why honey is better than shit.

6. Incidentally, in another posting you wrote and i copy and paste.
Here it is.
**But ekovest already 10 years more accumulated losses if want to become retained earning need to net off previous 10 years more accumulated losses. So I am saying if need to turn to positive returns earning need 15 years at least**

7. Ekovest was listed in 2003 and it has been continuing in business for 20 years since its debut in bursa. During these period Ekovest had a consecutive profit track record for 18 out of the 20 years. The company only recorded losses in 2022 and 2023 owing to complete lock down in the covid years with little revenue and income from the DUKE highway and construction. This is not surprising because most companies suffered losses in the covid years. Try not to hit too hard on a management that works hard.

8.As much as i respect you and your posting, i have begun to notice that despite your first name, yet many of the things you share in the forum is not Real but inventive and creative. This must stop for your own good and well being.

9.It is not a bad idea to heed the advice of a famous philosopher in which he said and i quote.
It is better to remain quiet and be thought a fool than to open your mouth and remove all doubts.
10.Think about and happy trading
16/11/23