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.
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
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
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 !
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 .
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.
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....
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