EKOVEST BHD

KLSE (MYR): EKOVEST (8877)

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Last Price

0.34

Today's Change

-0.005 (1.45%)

Day's Change

0.335 - 0.345

Trading Volume

12,246,400


34 people like this.

75,594 comment(s). Last comment by soon9913 20 hours ago

Striker90

2,617 posts

Posted by Striker90 > 2020-09-16 11:05 | Report Abuse

To be honest I been cheating twice in this account since 2017, but inikalilah, wish the best and come back all

i3lurker

14,268 posts

Posted by i3lurker > 2020-09-16 11:05 | Report Abuse

China still bans citizens from buying Bandar Malaysia property.

you expect Americans to buy?
US financial textbooks all advise people to rent property, never ever buy.
Most Germans also rent properties.
Only Asians especially Chinese stupid enough to buy property.

so where are the buyers of BM properties???

Striker90

2,617 posts

Posted by Striker90 > 2020-09-16 11:05 | Report Abuse

A final firm deal

Posted by ThePowerOfGlove > 2020-09-16 11:07 | Report Abuse

haiyyahhh!

Posted by ThePowerOfGlove > 2020-09-16 11:07 | Report Abuse

down 4.13%!

Posted by ThePowerOfGlove > 2020-09-16 11:08 | Report Abuse

apa sudah jadi ni!

Posted by ThePowerOfGlove > 2020-09-16 11:09 | Report Abuse

susah sikit la ini macam

Posted by ThePowerOfGlove > 2020-09-16 11:09 | Report Abuse

itu investor semua lari oh

Posted by ThePowerOfGlove > 2020-09-16 11:10 | Report Abuse

better start improving fast

Posted by ThePowerOfGlove > 2020-09-16 11:10 | Report Abuse

good luck

i3lurker

14,268 posts

Posted by i3lurker > 2020-09-16 11:18 | Report Abuse

Ekovest was good for tolls and construction, even construction of BM itself.

but but but if actually own BM then of course will depend on Mr Market opinion
Mr Market had spoken.
some will dump and some will slowly sell off.
price pressure from now on.
Might even drop to 30 sen

Mr Market sees Malton as property but also as mall owner of mature resilient Pavilion.

It looks like property counters like Malton will rise but Bandar Malaysia properties are not favoured by Mr Market

Mr Market had spoken

maybe Mr Bean may continue to buy Ekovest?

Striker90

2,617 posts

Posted by Striker90 > 2020-09-16 11:22 | Report Abuse

No matter how you condemn, Ekovest going to limit up twice within 3 weeks time

Posted by PrimarisMarine > 2020-09-16 11:23 | Report Abuse

its the major cash needed to pay BM la. 1.5b
expect huge cas h call

Posted by PrimarisMarine > 2020-09-16 11:24 | Report Abuse

after rights issue or pp, then can buy la. share price will be cheap then. my 2 cents lor

Posted by PrimarisMarine > 2020-09-16 11:24 | Report Abuse

mr market has anticipated this

i3lurker

14,268 posts

Posted by i3lurker > 2020-09-16 11:28 | Report Abuse

ok ok

all in tommorrow,
I will sell my old shoes and paper lama and use proceeds to buy.

Posted by Striker90 > Sep 16, 2020 11:22 AM | Report Abuse

No matter how you condemn, Ekovest going to limit up twice within 3 weeks time

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2020-09-16 12:01 | Report Abuse

Try hard to bailout? Q3 yoy should be bad but may goreng before results announcement. LT negative, ST trading play.

FutureGains

10,704 posts

Posted by FutureGains > 2020-09-16 13:10 | Report Abuse

This could be the first contruction company limit up tommorrow after HC counter..RM0.88!@9AM

ks_lim

196 posts

Posted by ks_lim > 2020-09-16 13:21 | Report Abuse

limit up!1

Posted by PrimarisMarine > 2020-09-16 13:33 | Report Abuse

i dun think market likes the cash calls, thats why drop. come back after rights issue or pp. price will be cheaper. then can buy

MingGoon

1,774 posts

Posted by MingGoon > 2020-09-16 13:34 | Report Abuse

EKOVEST announced that it had received an offer from the Isganda Seal Holdings (Yihai Holdings) to acquire 40 % stake in the IWH CREC held by the latter to participate in the City of Dama City by taking part in the 40 % stake in the Yihai-China Projects.
Kirkweis reported to the Exchange today that Yihai-China Railway Private Co. Ltd. is a joint venture of Yihai Holdings and China Railway Engineering Group Limited (C
On December 17 last year, the Yihai Holdings officially signed a contract with TRX City Private Co. Ltd. (TRXC), an indirect subsidiary of the Ministry of Finance.
Under the contract, Yihai-China Railway will acquire 60 % of the stakeholders of Damashi City's main developer, Dama City Limited (BMSB), and the remaining 40 % will go to the parent company TRX

Posted by PrimarisMarine > 2020-09-16 13:34 | Report Abuse

i suspect number of shares will increase a lot. now is 2.6bil. may double to fund the iwh purchase

Posted by PrimarisMarine > 2020-09-16 13:35 | Report Abuse

its only logical. how much can u borrow from banks la? 1.5bil? no way

Orlando

4,909 posts

Posted by Orlando > 2020-09-16 14:01 | Report Abuse

Not buy 40% in IWH-CREC

To buy 40% in IWH from LKH

But wil hv 24% in IWH-CREC

Orlando

4,909 posts

Posted by Orlando > 2020-09-16 14:02 | Report Abuse

Wil issue shares to LKH?

Orlando

4,909 posts

Posted by Orlando > 2020-09-16 14:02 | Report Abuse

IWH going for RM 20b IPO

Orlando

4,909 posts

Posted by Orlando > 2020-09-16 14:05 | Report Abuse

IWH going for RM 20b IPO Ekovest pay jz RM 1.5b for 40% in IWH?

i3lurker

14,268 posts

Posted by i3lurker > 2020-09-16 14:08 | Report Abuse

ja
dun be too happy
EPF will use your money to subscribe to IPO
loser is still you.

Posted by Orlando > Sep 16, 2020 2:05 PM | Report Abuse

IWH going for RM 20b IPO Ekovest pay jz RM 1.5b for 40% in IWH?

Orlando

4,909 posts

Posted by Orlando > 2020-09-16 14:17 | Report Abuse

LKH says no worries all IWH shares is backed by lands all 4000 acres of lands in Johor

greencode

1,692 posts

Posted by greencode > 2020-09-16 14:19 | Report Abuse

For those not yet buy just buy no need to gv bad statements here. Rm 150 billion project. What do you expect. Rocketing for the whole week after this.

UPlanet

1,450 posts

Posted by UPlanet > 2020-09-16 14:19 | Report Abuse

Kslim, limit up only can touch 0.88, No Rm1.00! Don’t simply shout la.
Orlando, IPO I thought only Rm5.0b? Not Rm20b la! Please don’t simply shout la!

https://www.bloomberg.com/amp/news/articles/2020-09-15/property-firm-iwh-plans-malaysia-s-biggest-ipo-since-2012

Orlando

4,909 posts

Posted by Orlando > 2020-09-16 14:33 | Report Abuse

I mean IWH is valued at RM 20b

Orlando

4,909 posts

Posted by Orlando > 2020-09-16 14:37 | Report Abuse

Whole RM 20b

40% shd b 8b

Orlando

4,909 posts

Posted by Orlando > 2020-09-16 14:39 | Report Abuse

he said, adding that the potential share sale values IWH at more than 20 billion ringgit, he said.

Posted by PrimarisMarine > 2020-09-16 14:42 | Report Abuse

oho...looks like again bailout if ekovest buys 40% of IWH

Posted by PrimarisMarine > 2020-09-16 14:43 | Report Abuse

regardless, ekovest needs money 1.5b to buy. where to get money?

Orlando

4,909 posts

Posted by Orlando > 2020-09-16 14:57 | Report Abuse

Place 8b worth of IWH shares to get 1.5b loan?

tkl88

8,712 posts

Posted by tkl88 > 2020-09-16 15:00 | Report Abuse

For stocks less than RM1, a 30 sen limit up or down is allowed.
And for stocks which are valued at above RM1, they have a 30% limit up and limit down.

Who said tommorrow limit up is just RM0.88 nia and cannot break above RM1.00 ?
So, can morning sesssion hit limit up and closed at RM0.88 ,then afternoon session
spike up another 12 cents + another 30 cents (30% hit limit up) !
So, tommorow Ekovest can spike up RM0.88 + RM0.12 + RM0.30 = RM1.30 !
And Friday might have another round of limit up to break above RM2.00 !

Huat ah ! Heng ah Ong ah !

Orlando

4,909 posts

Posted by Orlando > 2020-09-16 15:00 | Report Abuse

RI LKH has 30+% in Ekovest LKH has cash for RI?

Orlando

4,909 posts

Posted by Orlando > 2020-09-16 15:10 | Report Abuse

LKH is a smart fella

Put BM in IWH nnnnnnnnn oso in Ekovest

The BM optic n sound bite alone is enough to make IWH huge IPO a success n Ekovest to limit up a couple of times

Orlando

4,909 posts

Posted by Orlando > 2020-09-16 15:13 | Report Abuse

BANDAR MALAYSIA!!!

WOW!! WOW!! WOW!!!

Do u get it?

sayalabur

43 posts

Posted by sayalabur > 2020-09-16 15:19 | Report Abuse

To address the concerns of financing and Ekovest's enhance market value with the injection of Bandar Malaysia you can read

https://klse.i3investor.com/blogs/alpha_return_hedge/2020-09-16-story-h1513524926-Ekovest_Bandar_Malaysia_boost_market_value_by_RM4_5_billion_or_RM1_70_s.jsp

Posted by khatulistiwa1234 > 2020-09-16 15:19 | Report Abuse

tkl88 dialog need filter up , for me impossible LIMIT UP , botak make this stock , limit up on sudden , also impossible off shore chase this stock to limit up , i putting evidence , all country side and region is attacking by covid 19 , no body is interesting to chase BM , which still far away to start , fart also not time , who else bother , mercy on structure economic is current bad situation , heading north issue really need park a side .

Posted by khatulistiwa1234 > 2020-09-16 15:21 | Report Abuse

Octopus Theory , too many leg involve , how to perform , not way is perfect , hair wire even fast .

Posted by khatulistiwa1234 > 2020-09-16 15:22 | Report Abuse

Thursday , for me , is slaughtering period , putting warning and alert to those still dreaming .

tkl88

8,712 posts

Posted by tkl88 > 2020-09-16 15:23 | Report Abuse

Ekovest - Bandar Malaysia boost market value by RM4.5 billion or RM1.70/share
Author: sayalabur Publish date: Wed, 16 Sep 2020, 3:16 PM
https://klse.i3investor.com/blogs/alpha_return_hedge/2020-09-16-story-h1513524926-Ekovest_Bandar_Malaysia_boost_market_value_by_RM4_5_billion_or_RM1_70_s.jsp

According to Tan Sri Lim Kang Hoo, Ekovest is expected to pay RM1.5bn for the proposed 40% acquisition in IWH-CREC Sdn Bhd (IWH). Then with the appointment of CIMB and the international tranche to Chinese investors via ICBC, Bank of China and Citic, he plans to list IWH in the 1st half of 2021 to raise at least RM5bn (source: The Star).

Now the calculation. For IPO, usually 30% is raised from IPO proceeds (estimated at RM5bn) and this means IWH is worth RM15bn.

Hence, Ekovest's 40% stake in IWH will be valued at RM6bn (40% of RM15bn). That's why no problems for Ekovest to raise financing to buy initial 40% stake in IWH as Ekovest will secure the financing (back to back arrangement) from CIMB, ICBC, Bank of China and Citic.

The 40% stake of RM6bn - cost of purchase of RM1.5bn translates to an increase in Ekovest's market value to RM4.5bn or RM1.70 per share in Ekovest.

The bottom line is Ekovest is a screaming buy at current levels and don't let anyone tell you otherwise as the numbers don't lie.

Posted by khatulistiwa1234 > 2020-09-16 15:24 |

Post removed.Why?

tkl88

8,712 posts

Posted by tkl88 > 2020-09-16 15:25 | Report Abuse

Refer to above article, Ekovest minimum is worth RM1.70
So why can't Ekovest's price match the Supermax or Topglove's price ?

Huat ah ! Heng ah Ong ah !

Posted by khatulistiwa1234 > 2020-09-16 15:26 | Report Abuse

Thunder ball sound great , RUDE , but little rain .

Tobby

2,622 posts

Posted by Tobby > 2020-09-16 15:27 | Report Abuse

Ekovest, Iwcity and Econ! But no brainer Econ will benefit first with tons of piling works!

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