If I read the game correctly, the operation playing a very smart game so far, stay and steady : Ong Heng Huat ya!!! and wishing LKH always healthy with dragon horse spirit ....hehehe.....................
reversal signal today, high chance of it rising on an uptrend again, i have highlighted the price to be aware of in my te legram group ( swingtraderocks)
Lim Kang Ho’s never run business seriously. The company loses its direction. Last time 30% construction, 30% Property 30% Toll. Now somehow involve in durian business. Construction player to be a planter. What a big joke!
Ekovest was well run with established interests in toll, construction, property and malls. But with the ongoing development of bandar Malaysia botak Lim started divesting Ekovest interest into his own businesses. First PLS plantation { growing durians } selling part IWC to Ekovest , now Bandar Malaysia and the end result is just dipping and diverting Ekovest cash into his other related interest.
Land bank can feed you full ah? The reality is the value of land cannot be unlocked given the current situation. Some more staying in this double standard country, how to attract foreign investors?
The world 1st tier developer conglomerate all flourish. But EKOVEST a few years ago aimed for being a 10billion market cap company, now it is already 2021. Lim Keng Cheng, where is your word?
Now the Lim Family control EKOVEST. But it’s okay, let’s the minor shareholders unite to turn down the proposal to acquire Bandar Malaysia. Lim just want to exploit EKOVEST to channel the fund to bail out poor thing IWH. IWH in Dec 2019 just secured loan from CIMB bank and it is interest bearing. Cash in IWH is very tight. 2nd quarter of 2021 is coming and we hear nothing about IWH listing. I think market participants also are not interested in this bad company.
Hahaha, As I told you all to sell it when above 0.5 and buy back below 0.5. see, its happen now. hahaha...Durian runtuh of course is to pick it up la, what you waiting for??
Don't worry too much on this stock, since it has stable net cash inflow from Duke. Just have to wait political stable and projects from govt only.....not gonna fall sharply anymore
I would just say this ekovest chart is highly manipulated. so better don't get fooled by the man behind. They always doing left hand to right hand, and the RSS volume is just to hedge their position in case something unexpected happen. Anyway, this operator is full of cash but not willing to push it, but they willing to pay for transaction borrowing costs. lol
EPF bought 40% stake of Duke1 & 2 at the price of 1.13 Billion in year 2016. 60% of Duke 1 & 2 holding by Ekovest worth 1.695 billion in year 2016. Now 2021, to be conservative, 1.695 billion divide number of share issued of Ekovest ( 2,696 million) Means Duke1 and 2 worth RM 0.63 per share. Duke 3 is completed soon, it estimated to worth 3.7 billion.... share price trading at 0.485 now. What do you think about this?
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....
Plantermen
2,241 posts
Posted by Plantermen > 2021-03-18 07:38 | Report Abuse
Technically Ekovest should rebound