Posted by moneySIFU > 2016-10-27 00:16 | Report Abuse

Ekovest total construction order book will be increased to RM5.54billion after Ekovest Bhd has bagged a RM255.49 million contract from the Kuala Lumpur City Hall (DBKL).

Posted by moneySIFU > 2016-10-27 00:48 | Report Abuse

Ekovest Bhd has bagged a RM255.49 million contract from Kuala Lumpur City Hall (DBKL) to undertake improvement and beautification works.

In a filing with Bursa Malaysia yesterday, Ekovest said its wholly-owned subsidiary Ekoriver Construction Sdn Bhd had received a letter of acceptance (LoA) from DBKL for the proposed jobs (Package 4A and 4B).

Package 4A entails the Sungai Klang vicinity from Jalan Kinabalu to Jalan Maarof, while Package 4B involves the Brickfields area namely Jalan Scott, Jalan Tun Sambanthan 4, Jalan Thambipillay, Jalan Sultan Abdul Samad, Jalan Vivekananda, Jalan Rozario, Lorong Chan Ah Tong, Jalan Chan Ah Tong and Jalan Tebing.

Ekovest said the LoA includes the construction of an interceptor system and its related works to improve the quality of the river water, which includes a water treatment system along Sungai Gombak and Sungai Klang. The completion period for the works is 130 weeks.

“We are extremely proud to be awarded this contract as this is another testament to our capabilities and strength of our brand in the competitive construction industry. With this, our total outstanding construction order book will be increased to RM5.54 billion,” said Ekovest managing director Datuk Seri Lim Keng Cheng in a statement yesterday.

Ekovest shares closed eight sen or 3.81% higher at RM2.18 yesterday, bringing a market capitalisation of RM1.87 billion.

Posted by paperplane2016 > 2016-10-27 01:25 | Report Abuse

Good sharing

Posted by Star8888 > 2016-10-27 07:24 | Report Abuse

Thanks for sharing. Target price of RM3 per share on Ekovest based on a 40% discount to its SOP value. Will buy more Ekovest today.

Posted by moneySIFU > 2016-10-27 09:55 | Report Abuse

More to come from Ekovest

Posted by moneySIFU > 2016-10-27 09:56 | Report Abuse

Company target RM1 billion projection win before 30/6/2017, that's very confident declaration from Management, coupled with existing RM5.54b jobs in hand, WOW

Posted by moneySIFU > 2016-10-27 11:42 | Report Abuse

Slow & steady

Posted by Benjamin_8888 > 2016-10-27 11:49 | Report Abuse

Thanks for sharing, no more money to buy more :-(

Posted by Ryan88 > 2016-10-27 13:13 | Report Abuse

But their ekocheras contruction progress damn slow due what issue financial problem??

Posted by moneySIFU > 2016-10-27 13:31 | Report Abuse

I think Ekovest has more than enough cash for that, you may refer to lowyat forum for the building progress, a lot of sharing from unit owners there

Posted by Ryan88 > 2016-10-27 16:11 | Report Abuse

YA. According to the site progress photos. Left behind alot. ALso hear that they got financial issue or over leveraging

Posted by moneySIFU > 2016-10-27 17:34 | Report Abuse

I suggest you to read the article from WealthWizard to know the financial position of Ekovest for more details. WealthWizard has conducted very detailed study over Ekovest current & future cash position

EKOVEST: Net Debt Ratio=20% & Net Cash Per Shares=RM1.01 (after 40% sale in Kesturi) (Part 2)
http://klse.i3investor.com/blogs/wealth123/105048.jsp

Posted by Ryan88 > 2016-10-27 19:54 | Report Abuse

Thanks

Posted by moneySIFU > 2016-10-27 23:03 | Report Abuse

Welcome, Ryan88, we all share so we all can win. We are small fishes only & the only way to win is to share.

Posted by paperplane2016 > 2016-10-27 23:44 | Report Abuse

This is much better than gadang log!

Posted by moneySIFU > 2016-10-27 23:50 | Report Abuse

hehe, paperplane always talk very straight

Posted by moneySIFU > 2016-10-28 13:00 | Report Abuse

怡克伟士 (EKOVEST) 将分阶段整治隆河流，工程预算总值40亿
http://klse.i3investor.com/blogs/moneymoney/107503.jsp

Posted by paperplane2016 > 2016-11-17 01:58 | Report Abuse

It shld be rm3 minimum. Refresh my mind