Posted by moneySIFU > 2016-10-06 14:47 | Report Abuse

Hi WealthWizard, today is good day to publish Part 3?

Posted by WealthWizard > 2016-10-06 14:57 | Report Abuse

You are right, you won't see much details from Ekovest report as it has consolidated everything as Group accounts.

Yes, it did give clear picture of duke highways.

Posted by WealthWizard > 2016-10-06 14:58 | Report Abuse

Hi moneySIFU, half way through only, I will try to work it out to see if can finish by end of the day.

Posted by Flintstones > 2016-10-06 15:01 | Report Abuse

I think it is important to know 1) The gross margins of Kesturi (before paying interests) 2) Operating costs of Duke highway (in % of revenue) 3) How much interests is Kesturi paying for the 1.7 billion sukuk facility (estimated at RM78 million per year?)

Posted by WealthWizard > 2016-10-06 15:43 | Report Abuse

Straight to the point & very important questions, well done, Filinstones, you will know all these after reading the audited accounts.

I can give some rough answers where you can verify with the audited accounts later.

1 & 2 are same question, the operating expenses for Duke 1 in year ended 30/6/2016 = RM18m

Q3, the effective rate is 4.78%. The interest charge for the note is about RM92.8m

Please take note that the islamic notes are for refinance of Duke 1 & construction of Duke 2, so there will be no new loan for Kesturi & Ekovest in term of Duke highways

Posted by WealthWizard > 2016-10-06 15:45 | Report Abuse

Please read the page 47 of Kesturi Audited accounts about effective interest rate for Islamic Notes

http://klse.i3investor.com/files/my/blog/img/bl2751_kesturi_audited_account_page_47.jpg

Posted by Flintstones > 2016-10-06 17:19 | Report Abuse

Thanks wealth bro. Look forward to your part 3

Posted by WealthWizard > 2017-01-21 11:05 | Report Abuse

Ekovest has efficiently managed its debts & equity planning & arrangement for its expansion plans.

Posted by moneySIFU > 2017-03-28 11:46 | Report Abuse

I relook again & study one more time of this article, it is always amazing for me to be part of Ekovest.