Posted by roger3210 > 2020-11-13 18:50 | Report Abuse

Time to buy more and more

Posted by IdleMoney66 > 2020-11-13 20:57 | Report Abuse

They should have some action next week onward until 3 Dec

Posted by IdleMoney66 > 2020-11-13 20:58 | Report Abuse

This round don't "sell on news" anymore!!!!

Posted by bahai4453 > 2020-11-13 21:11 | Report Abuse

Pls no personal attack on others. We practise free to talk.
Guys... life is short. Why take things so serious?

Posted by KAQ4468 > 2020-11-14 00:31 | Report Abuse

RM 1.20

Peewiittttt

Posted by roger3210 > 2020-11-14 16:34 | Report Abuse

2.50 coming

Posted by Striker90 > 2020-11-15 08:38 | Report Abuse

3.0 by year end. Eko Glove , Eco-Covid Vac Reverse RNA

Posted by Striker90 > 2020-11-15 08:39 | Report Abuse

Container load Durian to China exchange Covid Vac wahaha

Posted by bahai4453 > 2020-11-15 09:31 | Report Abuse

Next No.1 in the world, musang-king durians cakes and dodol producer: Ekovest .
Brand name : Botak Kia Durian cake. Musang Botak durian dodol.

Posted by SJSOON > 2020-11-15 21:43 | Report Abuse

EKOVEST Target price 10.00. EKOVEST paired up with Chinese firm to import and distribute Chinese vaccine.

Posted by SJSOON > 2020-11-15 21:43 | Report Abuse

Annoucement will be made upon AGM in end of November .

Posted by SJSOON > 2020-11-15 21:44 | Report Abuse

Then 7 days straight gapped up Everyday 30%. All EKOVEST shareholders laugh until cannot breathe.

Posted by KAQ4468 > 2020-11-15 21:54 | Report Abuse

Wakakakaka

Posted by KAQ4468 > 2020-11-15 21:54 | Report Abuse

Boleh tahan

Posted by Striker90 > 2020-11-15 22:49 | Report Abuse

Finally someone got same news as me, Eko Vac launching very Soon! -169 also no problem la apa lan concern -70, liquid nitrogen weh

Posted by roger3210 > 2020-11-15 23:14 | Report Abuse

buy buy buy

Posted by FutureGains > 2020-11-15 23:15 | Report Abuse

Before the AGM, some movement soon...
RM1 ...only in 2021...

Posted by paulthesotong > 2020-11-16 02:20 | Report Abuse

https://www.marc.com.my/index.php/marc-rating-announcements/1334-marc-revises-duke-3-s-rating-outlook-to-stable-2020

Posted by paulthesotong > 2020-11-16 02:20 | Report Abuse

Gap up?

Posted by khatulistiwa1234 > 2020-11-16 09:51 | Report Abuse

MARC has affirmed its rating of AA-IS on Lebuhraya DUKE Fasa 3 Sdn Bhd's (DUKE 3) RM3.64 billion Sukuk Wakalah and concurrently revised the rating outlook to stable from negative. DUKE 3 is undertaking the Setiawangsa-Pantai Expressway (SPE) project under a concession agreement with the government ending August 5, 2069.

The outlook revision is premised on the easing of the rating agency's earlier concern that construction delay on the SPE project would negatively impact DUKE 3's financial metrics. This concern has been sufficiently addressed by a liquidity support undertaking of up to RM274.5 million from the project sponsor, Ekovest Berhad. It will comprise RM184.5 million from the existing construction reserve account and an additional RM90 million that will be deposited into the operations reserve account upon project completion. This will be in the form of cash or an irrevocable and unconditional bank guarantee.

Meanwhile, the rating affirmation factors in the adequately structured sukuk repayment profile that provides some headroom for DUKE 3 to build up traffic volume and generate cash to meet its financial obligations. The rating also considers SPE's well-positioned alignment within mature catchment areas as well as the limited construction cost-related risk cushioned by a fixed-priced contract with Ekovest. Moderating the rating are the slower-than-expected construction progress and traffic demand risk.

As at August 25, 2020, the overall progress of 70.8% trailed schedule by some 19%. Progress was largely hampered by the Movement Control Order that had essentially brought construction works to a near standstill for over three months from its implementation on March 18, 2020. The company had applied to Lembaga Lebuhraya Malaysia for an extension of time to complete the project, approval of which is expected to be received by end-November 2020. The extension sought is to March 2022, but DUKE 3 has an internal target to complete SPE and start tolling operations by July 2021. The company's liquidity position is strong, supported by its cash and cash equivalents of approximately RM1.5 billion as at end-July 2020.

DUKE 3's base case projects minimum and average finance service cover ratios (FSCR) at 2.4x and 3.0x throughout the sukuk's tenure. Under MARC's sensitised case, assuming a scenario of a six-month deferment in the start of tolling and a 10% cut to projected traffic volume, FSCR is expected to remain above the covenanted 1.5x. Incorporating a one-year deferment in the projected toll hikes, however, would result in an FSCR of 1.4x in FY2035 and 1.3x in FY2036.

MARC, nevertheless, notes that DUKE 3's base case has assumed principal and interest payments on its Reimbursable Interest Assistance (RIA) totalling RM560.1 million over FY2024–FY2039. The RIA is subordinated to the sukuk and its repayment is subject to DUKE 3 meeting a minimum post-distribution FSCR of 2.0x. Deferring these payments to after sukuk maturity would result in a minimum and average FSCR of 1.9x and 2.5x.

The stable outlook reflects MARC's expectation that DUKE 3 will remain in compliance with its financial covenants. Factors that could lead to a negative rating action include a weakening in the company's financial or liquidity profile, or if there is a material change in the terms of the concession with adverse effects on DUKE 3's business or financial profile. The rating/outlook could also be revised if there are adverse changes in the regulatory environment.

Contacts:
Ati Affira Kholid, +603-2717 2941/ affira@marc.com.my;
Hafiza Abdul Rashid, +603-2717 2955/ hafiza@marc.com.my.

List related news | List related issues | List related reports


Copyright © 2015 Malaysian Rating Corporation Berhad

Posted by Striker90 > 2020-11-16 10:39 | Report Abuse

Up lan ciao la Up

Posted by tkl88 > 2020-11-16 10:47 | Report Abuse

When is the last day you mush buy and hold Ekovest in order to entitled for the dividend ?
Anyone here can share ?

Posted by bahai4453 > 2020-11-16 10:47 | Report Abuse

tkl88, are you sure you don't know?

Posted by tkl88 > 2020-11-16 10:51 | Report Abuse

bahai4453, if i'm not mistaken is till 30th of November 2020 you must holding Ekovest share in order to entitled for dividend, am i right ? can you confirm on this ?

Posted by IdleMoney66 > 2020-11-16 11:20 | Report Abuse

You have to hold the share until 27 Nov only entitle for dividend

Posted by IdleMoney66 > 2020-11-16 11:21 | Report Abuse

This stock have to wait their boss to goreng up. because this share is majority hold by lim family

Posted by IdleMoney66 > 2020-11-16 11:22 | Report Abuse

Stable and steady business

Posted by tkl88 > 2020-11-16 11:25 | Report Abuse

thanks IdleMoney66 for sharing

Posted by IdleMoney66 > 2020-11-16 11:34 | Report Abuse

Shareholding as of 30 Sept
LKH : 19.74%
Lim Hoe : 0.53%
LCT : 0.1%
Ekovest holding : 11.05% (100% on pledged)
Kota Jayasama : 2%
Lim Seong How Holding :4.99%

What we can see is the board is holding around 40% of total shares issued.
Number of shareholders is 28,794. Previous year was 22,154 which increased 30% of shareholders. Means many people enters this stocks in the year of 2019-2020.

Posted by KAQ4468 > 2020-11-16 11:59 | Report Abuse

Peewiittttt

Posted by KAQ4468 > 2020-11-16 11:59 | Report Abuse

Banyak cun la

Posted by KAQ4468 > 2020-11-16 12:00 | Report Abuse

Double your money package

Posted by tkl88 > 2020-11-16 12:23 |

Post removed.Why?

Posted by IdleMoney66 > 2020-11-16 15:37 | Report Abuse

hot money will flow into construction sector soon

Posted by IdleMoney66 > 2020-11-16 15:37 | Report Abuse

Only property and construction are undervalued now

Posted by Striker90 > 2020-11-16 15:44 | Report Abuse

Fly fly fly

Posted by IdleMoney66 > 2020-11-16 15:48 | Report Abuse

So impressed for those who can hold this stock longer without any doubt. hahaha
Glove fly - Vaccine fly - and now blue chips fly

Posted by IdleMoney66 > 2020-11-16 15:48 | Report Abuse

missed 3 opportunities

Posted by Striker90 > 2020-11-16 15:54 | Report Abuse

Tats me, super sohai

Posted by Striker90 > 2020-11-16 16:24 | Report Abuse

Bank aldy 20 percent from Nov , what the stupid Ekovest

Posted by IdleMoney66 > 2020-11-16 16:39 | Report Abuse

Your patience is worth. Don't give up. Keep it up.

Posted by IdleMoney66 > 2020-11-16 16:42 | Report Abuse

year to date : -35 %
From bottom of March to date : 78 %
You will laugh if you able to buy at 0.3 :) haha

Posted by bahai4453 > 2020-11-16 16:52 | Report Abuse

https://youtu.be/MCjq3yB76F4

Huat ah ! Heng ah ! Ong ah !

Posted by bahai4453 > 2020-11-16 17:01 | Report Abuse

Tkl88, you're lucky Botak give 1 cent dividends. Some China men family's company made millions of profits also never give you half cent bonus.
Botak appreciated all guys' support by giving everybody a cent bonus. There will be more after the durians dropped and B-highway is operating (Botak-highway).

Posted by roger3210 > 2020-11-16 18:19 |

Post removed.Why?

Posted by KAQ4468 > 2020-11-16 18:24 | Report Abuse

Pasti buy

Posted by KAQ4468 > 2020-11-16 18:24 | Report Abuse

RM1. 20 kambing

Posted by khatulistiwa1234 > 2020-11-16 19:08 | Report Abuse

当别人开始说你是疯子的时候, 你离成功就不远了 .

Posted by KAQ4468 > 2020-11-16 21:15 | Report Abuse

Peewiittttt

Posted by Striker90 > 2020-11-16 21:39 | Report Abuse

你条sohai