after today 8 trading days for Ekovest-WB. Conversion price RM0.48 and trading at RM0.22 now. Hence, it is trading at 4% discount over the mother share.

The reason very easy, to force the warrant holders to convert to mother shares. That's why they are pushing down the mother shares. Bear in mind that the last trading of Ekovest WB is next Friday, 7th June 19

and the listing of towerco business will take at least a year or two. That's too slow to monetise on their assets amid cashflow issue to sustain growth

Tower sharing collaboration with Edotco. High debt and payables. Low cash flow to sustain the growth in the business

https://www.malaymail.com/news/malaysia/2019/05/13/report-global-funds-bypassing-malaysia-as-investors-lose-patience-with-paka/1752330

hope it clarifies for those that wanted to know on timeline for the PP

Dear All - Since Ekovest only proposed to issue out 10% of the share capital for PP, they just need the approval from Bursa for listing and quotation of placement shares as they already got a mandate from the last AGM. Bursa would need only few days to approve on listing and quotation of the placement shares. And if Ekovest already got all the investors in place, they can complete the whole placement exercise as early as 2nd week of May 19. Pls take note.

This is one of the biggest catalyst in Ekovest. Pls take note

If Ekovest managed to sell 40% of Duke SPE's stake with almost RM5 bil assuming the same return as when they sold their 40% stake in both Duke 1 & 2 (cost RM2.16 bil but sold at RM2.9 bil valuation) , they can raise a cash warchest of RM2 bill which is about the current market cap. Than investors can expect a special dividends as well as enough cash flows for BM and other projects.

Small or mid operators can play with all the operators and kill retailers but if they wanted to play with Ekovest volume, they will got killed also.

And with the volume that ekovest generated everyday, is no longer retailers' play or smalll or mid operators. These are very players

And with warrants, they can raise additional RM150 mil. But for 2019, the biggest money is what they can raise from selling their stake in the on-going construction of Duke SPE (their biggest highway so far) which will be completed by next year. They are actively seeking those institutional investors to buy 40% stake in the company that holds Duke SPE. This can be a very big money

And today price will act as the floor as the Company is not stupid. The higher the price the more proceed they can raise. And the interesting thing is that who will be the investors? It can be reputable institutional investors. Anyway, I believe they already secured the investors and waiting for Bursa to approve before they kick start the whole process

The placement price will be based on 5 days VWAMP before the placement. Hence, say if today I make a placement, the placement price should be quite close to current price. The higher the Ekovest price, the higher the placement price. Completion of exercise price should be 3rd quarter 2019 but looking on how they want to complete the exercise, it can be done within a month from now as this will only need Bursa's approval

our equity market up or down nothing to with BM. We are building the country to ensure sustainable economy.

Yesterday is t+3, after selling was crazy after 4 pm, today will be the same till afternoon. Please take a look on the real trend after lunch

no worries not t+4, wait till lunch session than we can see the real trend

Good news, we shall see that with collaboration with China, Bandar Malaysia will turn into the most successful project in Malaysia

https://www.theedgemarkets.com/article/malaysia-signs-framework-agreement-reinstate-bandar-malaysia

Is like seeing Ekovest's pure debt level but without seeingtheir liquid assets and also their gems. Definitely, those commenting this is not financially smart

First, before commenting on Ekovest's debt level see the proper picture. Debt is RM6 bil which is high but at the same time they have RM3.3 bil in cash and bank balances. Hence, net debt is only around RM3 bil but ring-fenced against concession assets of RM4.4 bil.

volume already at 170 mil. Selling already depressed out with strong recovery in shares price. Guess what ? something big is happening soon

Icon is a big supporter of Ekovest. He understand the value in Ekovest and how massive that it will transform 5 years from now.

lol, 1 minute got 8% profits

sell to me baby

i bought alot at 80.5

Moving forward, Zelan with recurring income from IIUM, with construction revenue from SUKE. And soon they will win some of the litigation cases soon

BM and ECRL will propel this Company into the highest level as those mega construction activities required massive construction materials. Time will prove who is wrong and is too early to judge at this juncture. That's why investment can be tricky but if you persistent enough than good return will come to u

Ekovest is a turnkey construction company with established footprint in Klang Valley. With RM140 bil GDV in BM, it can helps to replenish all construction order book for the next 10 years. I see that Ekovest can slowly turns into a very sizeable hybrid construction company with massive recurring revenues

For those that said no open tender, pls do your homework again

IWH is the master developer, I think IWC will benefit less but Ekovest will benefit alot from this transaction as they are very active in Klang Valley. Even their Duke SPE alignment also covers BM. With more recurring income from toll concessions, shopping mall, plantation i see that Ekovest will turn into a very big anchor company

Ekovest is the best, with RM140 bil GDV in BM. Ekovest has a very good potential

We voted for a better governance, conducive environment for the investors, transparency, accountability and investors' friendly. However, so far it is not

Our Bursa very bad, market on upward trend but us the opposite. When market crash, we crash. The problem is certain ministers with irresponsible statements

More towers need to be built. Indeed that is true but we are still far behind on 5G. Even the coverage for existing 4G also not yet complete - at 90% stage. And now thinking of 5G. 5G only applies for limited area only

Tomorrow limit down

5G would not benefits OCK as this company too small and does not have financial strength to do so. 5G requires a very big investment. see the OCK's worrying balance sheet and u will know whether they have the capability to do so

time will tell, but i'm accumulating. tq

zelan is turning around

collected at 5.5 and will slowly accumulated upward

no worries, soon it will test 20 cents

U see yesterday queue analysis, someone actually accumulated in big volume

zelan much of potential, once concession from the university is in

PN17 soon

Most likely rights issue is coming

Jaks will continue to lose money. Vietnam project still long and no cash flow inflow to Jaks

20 cents

Damn good, the concession revenue for their maintenance university is here and they no longer bleeding

Limit down tomorrow

KUALA LUMPUR: CIMB Equities Research retains Reduce for AirAsia Group with an unchanged target price of RM1.82, based on sector average of CY20F P/E of 10 times and adding expected dividends of 31 sen.

It said on Thursday the FY18 core net profit of RM166m underperformed its forecast by 78%, as it was already the lowest on the street, due to the shock 4Q18 core net loss.
“The 4Q18 loss was caused by higher oil prices, but also higher leasing and maintenance costs as a direct consequence of the BBAM transaction. Stay Reduce,” it said.

AirAsia Group reported a RM369m core net loss for 4Q18, its largest-ever quarterly loss, which dragged down FY18 core net profit to only RM166m, down 87% yoy.

The last time AirAsia Group reported quarterly losses of any materiality was during 2014, when oil prices were high and when Malindo’s entry into the Malaysian airline scene triggered intense competition.

“While jet fuel prices were indeed high in 4Q18 at US$92/bbl, they were still a distance from the US$120-130/bbl seen during 2014. The key difference in 2018 vs. 2014 is that only 40 of AAGB’s group fleet of 224 planes were owned as at 31 Dec 2018 while only 20 of AirAsia Group’s group fleet of 171 planes were leased as at 31 Dec 2014.

“The own-to-lease ratio has flipped on its head and the consequences of that were intensely felt in 4Q18,” it said.

AirAsia Group progressively sold 79 aircraft to lessor BBAM over 2018, used the proceeds to repay aircraft loans and then leased the planes back.

This increased leasing charges by more than the reduction to depreciation and interest expense, an outcome the research house already more or less expected, since lessors need to earn a profit on their business.

However, maintenance charges were also significantly higher in 4Q18 than in previous quarters because the conditions for lease return required AAGB to make provisions for them. Hence, AirAsia Group beefed up its provisions by RM100m in 4Q18.

“Going forward, maintenance provisions will not be as high as in 4Q18 but should still be higher than before the sale and leaseback (S&LB) transaction with BBAM took place. All else being equal, the squeeze on AirAsia Group’s profitability will continue to get tighter since a substantial number of AirAsia Group’s orderbook with Airbus has been committed for subsequent S&LB with BBAM.

AirAsia Group recently signed a deal with another lessor, Castlelake, to S&LB a further 25 planes (and four planes on the orderbook). The main benefit of S&LB transactions to shareholders is the resulting special dividend but future profit margins of AirAsia Group will come under pressure and its risks/operating leverage will increase.

“With lower profitability, AirAsia Group will be less resilient to unexpected changes in the business environment. MAS and Malindo started to increase domestic capacity in 1Q19F (after shrinking in 2018) so the competitive dynamics may get tougher.

“The new airport levy and likely passenger service charge increase in mid-2019F are expected to hurt travel demand in Malaysia, potentially requiring AirAsia to subsidise these rate hikes. Finally, competition in Thailand, the Philippines, Indonesia and India has intensified, driving all of AirAsia Group’s overseas airline affiliates to 4Q18 losses and hurting their FY19F outlook,” it said.
https://www.thestar.com.my/business/business-news/2019/02/28/cimb-research-retains-reduce-for-airasia-tp-rm1pt82/