yesterday was the 3rd times trying to penetrate resistant level at 42 cents.. hope today will finish at 43 cents la.. momentum banyak baik ..huat huat Botak
for mid long term investment is ok. for punting, better don't gamble. sell on news, buy on steady development (quiet mkt and less fluctuation). but usually ppl like to see vol then hoot and cheong in... hihihi
For property, instead of IWCITY (lack of new project despite link to ekovest as sister company), better opt for Mahshing (fast turnaround project +high dividend payout minimum 40%)
Still monitoring, ekovest weakness likely due to absent of news development on HRS in budget. Currently, portfolio is fully pack by other stock, need time to free up some first before re-enter
beware, bursa have classifying iwcity as an affected listed issuer pursuant to Paragraph 8.03A(2)(b) of the Main Market Listing Requirements of Bursa Securities (no core business, only occasionally rely on land disposal), it need to regularize and running business instead of waiting for land disposal.
In contrast, ekovest is totally different from iwcity although share price always move in tandem. Ekovest own and operate DUKE 1 and 2, now awaiitng 7 year gestation period to be end by year end to list in bursa, unlocking concession value. Ekovest also own anther concession, SPE, worth RM 3.7 billion, now only partially open for toll collection, and expect fully open these year. Its construction division also secure RM 2 billion RTS link and Ekocheras mall is profitable mall.
To ekovest, aside HSR is key catalyst to move up price, listing DUKE 1 and 2 (ekovest 60%: EPF 40%) and completion SPE are both also catalyst to unlock ekovest deep value
To ekovest, aside HSR is key catalyst to move up price, listing DUKE 1 and 2 (ekovest 60%: EPF 40%) and completion SPE are both also catalyst to unlock ekovest deep value
Yup, many expect HRS, but budget constraint limited gov now. However, its matter of time for gov to resume HRS as growing concern over Thailand and Singapore keen to up to China to speed up trading under RCEP.
MichelleNg, IB block u from buying iw? In fact, I missed the upside from 0.28 to 0.39, I sold all at 0.285 one mth ago. Reason why I don't reenter when it drops to 0.265/0.27+-, because of the listing status, due for some planning need to submit to Bursa in order to keep its listing status. So, hence, I hold back my buy on this until after end March2023. Hihihi.
Give it a miss lo. Nvm one. Still got other bb.
In fact, 28-39 is alot... In terms of %. 35% hihihi.... Missed the boat lo.
Can find out why IB block u from buying? When was it?
Ekovest continue under transition phase in which tailing end of construction SPE drag down profit, while awaiting opening full toll for collection to boost up profit later after full SPE completion. Finance cost from concession remain big eroding factor offset most of the profit generating. Ekovest is due to unlock DUKE1 and DUKE 2 through listing, unlocking value by pare down debt, boost up profit margin from toll collection
Tailing end expenses are acceptable with open arms because of the nature of highway contructions. Just hope that toll collections can be effected soon.
Ekovest used to be a growth construction stock engaging in civil engineering but over the years with diversion into potpourri of unrelated business. Ekovest has turned into a holding companies holding shares in the Food & beverages , Plantation, Tolls, mega property projects, Malls, Durian farms and others. Lim is the founder and also MD for the gigantic Iskander waterfront holdings.
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....
hng33
20,517 posts
Posted by hng33 > 2023-02-09 16:00 | Report Abuse
cut ekovest at 38sen. swap all to cmsb at 1.27-1.28