Price holding well, what the hack! I thought it would tumble for me to buy cheap cheap ! Haiz....

Concentrate on the fabric mill first and it will improve the margin by 5%..would not strain balance sheet and management... If apparel revenue @RM400million, this will bring in additional profit of Rm20 million lo...

The fabrics from the new fabric mill, apart from supplying in-house, can also sell to other manufacturers..and generate additional revenue and profit. The ultimate annual capacity of the fabric mill is a wobbling 200 million yards leh....The fabric mill alone will generate tremendous growth...

Though Insas only holds 19.85% in Inari as at 30-09-2017, it still has significant influence on its financial performance and business direction sine there are 4 directors from Insas in the Inari BOD, out of which Dr Tan is the executive vice chairman, Dato' Wong, an Executive Director and the others are Non Executive Chairperson and non Executive Director. All these 4 directors also sit in the Insas BOD and 3 of them holding executive positions.

I really doubt Insas would classify Inari as an Investment Securities with the Fair Value Method Accounting instead of as an associate with Equity Method Accounting. Bearing in mind, Insas is also the single largest shareholders of Inari.

(as a reference, Hohup is an associate of both Omesti and Insas. Insas only holds 13% equity interest in Hohup and the latter is classified as an associate of the former which has board representation in the latter and has significant influence on the latter).

For discussion, welcome your views on this.

Thank you.

Thanks Contrarian

Thanks Hng :)

I like to learn, Mr Hng 33... can you elaborate pls

associate co can account for the profit but how to mark to market as an investment at the same time ?

Leno, agree with you... We just hope that everyone make money...
Just don't know how Insas could unlock its real value...
The day will come and TS will wake up one fine day...

Thanks Leno..

haha! made some good money from it... sold and now waiting to re enter at the right time bro...

Haha! He is very kind ! So he is going to push to sky high and let those who bought from him to make money ! hehe..

This stock is so undervalued. The boss sold his personal warrants 2,800,000, what he is up to?
To lure people to sell ? Angry because he will be queried with a long list of questions .... to frustrate shareholders ? He succeeded for now as the share price fell after he kept selling his warrants....

Very tempting to buy... hehe

Market doesn't like uncertainty,,,,

TSLKH will increase his stake in Iwcity to 52% after Ekovest take over... market maybe is not convinced an d is sceptical if the deal will be completed ultimately though a first payment of RM46 million has already been paid....

TSLKH may know something we don"t know lo.., Probably....

meaning only selling 80% lo..... 80% of RM2.2 billion is RM1.76 Billion which is also a lot of profit lo....

Just a word of caution.... Insas is a weird stock with a weird boss.... If he is antagonised, hehe,,,,

Dr Tan heads Insas technology diviision.

Dr Tan set up Inari..

Since it can do to Hohup so it can also do to Inari, afterall Insas has management control over Inari directly... at least 4 directors in the Inari board sit in the Insas board as well.

Ho Hup is an associate company of Insas and Insas only own 10+ % of Ho Hup .... so there is no reason why Inari would not be classified and remains as an associate company of Insas even though Insas's shareholdings in Inari dipped below the 20% threshold... my 2 cents...

indirect holding 83 millions ...

insas technoloy has plenty...

if he continues to sell, you will get headache !!

hahaha

why TSTKK sold his 2,800,000 WB ?

solid support @0.98 also...
Bulls and Bears are fighting it out ! ha!

if you can't see the short term catalyst for Ekovest to shoot up, ask yourself, do you think that Duke 1 &2 would be listed in the near future ? What would happen if the Iwcity take over deal by Ekovest is rejected by Ekovest shareholders? what if the iwcity RM2.2 Billion land sales becomes apparent that it will be realized ??

Do more HW please.

Full Toll Collection commences from 22nd Nov for Duke 1 & 2.... Money money come !

Ekovest is holding the concession of Duke 1 & 2.. It is concession in the KL city center...much traffic from North West to North East and vice versa and also to the city center...Somemore Duke 3 is being built....Which Toll concession in KL CITY CENTER NOT MAKING MONEY ? what the hack all these why no one talks about ?

It is highly likely that the deal can't get through ! Would those none interested parties or minority shareholders approve the deal ? If not approved, Ekovest share price will shoot up...This is a high probability.

The sell down was absorbed. Sellers either follow common sense or herd instinct. On surface it is no good to Ekovest shareholders but would TSLKH take rocks to hit his own toes. If the deal goes thro', he would effectively hold more than 52% (0.67x0.32+0.50x0.62) from his original 21% (0.67x0.32). Does he know something that we don't know?

afterall at current price, it looks undervalued fundamentally...

http://klse.i3investor.com/blogs/kianweiaritcles/137699.jsp

Read Felicity's posts.
3 posts after announcing the deal.
Really good stuff from a serious and successful investor with remarkable track records.

When talk, talk with facts and figures and sound reasoning please...

So many Sinkalin and Sinkalan here, dont know if they make money from the stock market or not !!

hng33, TSTKK keep selling Insas-WB wo...

Look at LITRAK, we could see Ekovest's future. Could we ? :)

Signor,

Don't understand what is a concession huh ? Use present value valuation...

Revenue from Duke 1&2 will double up and increasing. Duke 3 under construction now....
Duke 1&2 likely will be listed next year.... then you see.. hmmm...

Duke 1&2, Ekovest's 60% is worth about the present market value lo.... :)

https://www.youtube.com/watch?v=bZSRCPkgwSA

The Sri Damansara Link...

More Videos available therein... enjoy :)

Curious 2,

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=E&securityCode=8877

Ekovest net profit for FY2017 ending June, RM114 million

Ekovest's prized asset is the Duke 1&2 concession.

Duke 2 Tun Razak Link alignment 1 opened to traffic at end May 17, aligment 2 opened to traffic at end Sept 17. Duke 2 Sri Damansara Link opened to traffic since 23 Oct., 17 for free use of 1 month and toll collection will start from 22 Nov 17.

EPF bought 40% stake for Duke 1&2 for RM1.13Billion, implying the balance 60% stake Ekovest is holding worths at least RM1.7 Billion.

You should do more HW... :)

yesterday up 1 sen lah....

promoting MR COME BACH here huh !!! LOL

Tan Sri Lim Goh Thong don't know had completed primary six or not...

He was so much successful than those who looked down on others academically...
so is TSLKH... hehehe...

Today T+9 from the day of the plunge, for the 367 million shares done ....
any broker practice T+9 forced selling ? hehehe....

Or who had picked up such a big block ?

flushing out all the contra players...

if the land sales to Greenland by iwcity for RM2.2B really can materialize, it is a steal to take over iwcity @rm1.50....market seems do not buy the story...... Ekovest shareholders have the option to reject the proposal to take over Iwcity... Ekovest share price will shoot back up..

if the land sales to Greenland materialises, Ekovest share price will shoot through the roof,,,

hehe...

yesterday volume transacted 22.2 millions, more than double the previous day's vol of 9.2 million.. Interests in the counter are alive and kicking ! LOL !

actually already inches up slowly.... the lows moved higher...91---97--98.5...haha!

The proposed deal is to support iwcity share price....(? )otherwise it would hv plunged upon announcing the deal with iwh was off...

Ekovest minority shareholders could reject the deal if they think it is not favorable when it is put forward for them to vote in an EGM...

Now Ekovest share price already plunged. Won't this an opportunity ? Hehehe....

The Ekovest-Iwcity deal highly unlikely will get approval from the minority shareholders if it is no good.... If it is good, the funds would vote for it....

In both cases, it is a win for shareholders, the share price will shoot up... hehe...

wow ! interesting loh!

Let's do a summary.
Since 3rd QR, announced open market trasactions

EPF

4.7.17 bought 500,000 shares
5,7,17 bought 500,000 shares
6.7.17 bought 1,000,000 shares
7.7.17 bought 409,200 shares
10.7.17 bought 64,400 shares
11.7.17 bought 47.200 shares
11.8.17 bought 195,000 shares
16.8.17 soid 32,300 shares ( F. TEMISLAMIC) IC, an ISLAMIC FUND

TOTAL SHAREHOLDINGS 13,408,100

MANULIFE

18.8.17 bought 48,600 shares

TOTAL SHAREHOLDINGS 8,777,050
DIDN'T SELL SINCE 3RD QR

Chairman Taufiq Ahmad

10.7.17 bought 3,000 shares
19.7.17 bought 0,000 shares
21.7.17 bought 5,000 shares

TOTAL DIRECT AND INDIRECT SHAREHOLDINGS 21,050,805

MD Lau Mong Ying
11.7.17 bought 50,000 shares
13.7.17 bought 25,000 shares

TOTAL DIRECT AND INDIRECT SHAREHOLDINGS 30,569,940

As at 31.10.16, there are 16 other funds or individuals holding more than 1,200,000 to 5,599,940 shares ( below 5%), who do not need to declare their transaction, if any.

Let's see how it unfolds loh ......Movie continues loh....sit back and have popcorn loh..

:)

Every time I look at Prolexus, it reminds me of Press Metal !

if anything is wrong structurally with the company, the management would not have gone ahead with the expansion plan loh. It now has not only gone ahead with the expansion plan but has also doubled up or tripled up the capacity !

Why worried of the short term noise, if any, when the future is so exciting loh !