thks to DestinyL.. Copy from the earlier brief by CEO as below:- Lyndon said that presently 99.9 per cent of the land acquisition for the entire project has been completed.
"The land trial process for the remaining eight lots related to Section 3 of the WCE (KESAS-Federal Highway Route 2) has been completed and payment to the landowner is being finalised.
"We expect to fully complete the land acquisition process for the eight lots by the end of this year," he said.
My mistake.. should wait another 2 more months to see how the actual site progress...
QR should be getting worse by default, assuming construction sector performance is same With each section opening, interest charges and depreciation for that section will start to count
Duke highways worth Rm11 to 12 billions 3 years ago!! WCE worth how much leh as of today? Of course worth > Duke... However, EKOVEST market cap rm1. 7B is way undervalued TOO!
pang72, ekovest duke 1 & 2 was profitable but bare in mind the current major share holder/management was super kiamsiap. Anyone who wishes to enter must prepared to wait a longer time for getting capital gain on it
With Duke valuation of Rm11B will translate to rm3. 60 per shares ( EKOVEST) Hence, the longer WCE highway will worth rm21B translate to rm7 per share (WCE) Wce at $1.09 and EKOVEST at $0.59 on 12Jan24. Both highway assets are underated as compare to market valuatoon
EKOVEST is under restructuring. Hope, they can successfully monitise Duke asset which is at least double the market valuation rm1. 7B now! 59c is cheap entry for Ekovest
EKOVEST TP1.12 by Rakutan.. WCE Tp2. 00 by pang72:)
Highway asset will never die as long as Proton cars exist in Malaysia because cheap and affordable cars tends to flood the road till every way traffic congestion
This article will give insight of the company and the future prospects. Ijm they already calculated the risk before they take major share in wce. This is government support project. I believe Wce is a long term investment you will gain in the future.
According to choivocapital's report, in a base case scenario, fair price per share =RM1.26, and this RM1.26 is the cum cumulative dividend collected for the period of the concession (2037 to 2081).
At the present price RM1, RM 1 is not worth to collect for the long-term..
chovo capital working is for base case is RM 1.26 is very reasonable expection with the best case is RM 3+. Look at Plus highway and local highway, are always jam jam jam...
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
albertyek
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Posted by albertyek > 2024-01-10 13:49 | Report Abuse
RM7.00 coming? yes yes yes