Posted by RISK8888 > 2023-08-30 15:02 | Report Abuse

hmmm...PP can be good and can be bad. looking at the pattern should be good because is push up for PP. Otherwise if push down for PP, then is really really bad thing. Cheers, continue to fly Ekovest!

Posted by abc333 > 2023-08-30 15:03 | Report Abuse

is this the reason IWCITY up 100%++ , but Eko up a little? to keep the share price cheap for PP

Posted by stncws > 2023-08-30 15:05 | Report Abuse

Lim uses IWCITY to push up ekovest for PP, becos ekovest is rugi this quarter

Posted by EVO118 > 2023-08-30 15:07 | Report Abuse

Ekovest is the main contractor of the Malaysian Rapid Transport System (MRTS) valued at RM1.979 billion. The proposed private placement is expected to raised $117,268,518. The price for the private placement has been fixed @ 0.435 per Ekovest share

Posted by theyoungman > 2023-08-30 15:18 | Report Abuse

Oh. Placement? 0.43? Then should be going up already. Investors take up this price. The margin for the placement must be guaranteed to investors. Sit tight then?

Posted by theyoungman > 2023-08-30 15:20 | Report Abuse

No wonder last few weeks kena press down to 0.43, bcos for placement share price, it take at least x no of days average price to determine the placement price. What the... Cute. Interesting. 1589 gone up and they pushed down 8877, that is the reason. Quite convincing for 8878.

Posted by Shines > 2023-08-30 15:38 | Report Abuse

PP @ 43.5 sen

Posted by JJUSTRUMP > 2023-08-30 15:41 | Report Abuse

Century Garden is pushing

Posted by EVO118 > 2023-08-30 15:50 | Report Abuse

We now know for sure Ekovest has got the RTS job as well as the actual buildings, immigration customs, and RTS links with light rail transport and stations. No small job.

Posted by EVO118 > 2023-08-30 15:53 | Report Abuse

This is only RTS not HSR. That is a different exercise. If they are in Bandar Malaysia in any way this will sky rocket.

Posted by EVO118 > 2023-08-30 16:02 | Report Abuse

Broke through the RHB 0.50 resistance level and now heading to crack their next level at 0.54

Posted by blazer999 > 2023-08-30 16:04 | Report Abuse

what is happening ??

Posted by theyoungman > 2023-08-30 16:06 | Report Abuse

Touched 0.54 d

Posted by Mar2083 > 2023-08-30 16:08 | Report Abuse

Potentially may hit Rm1 next month
Huat ar

Posted by Fat_Money_Fat > 2023-08-30 16:09 | Report Abuse

HSR OTW

Posted by huatkia > 2023-08-30 16:09 | Report Abuse

congratz all ekovestian.. more to come...

Posted by stainlyho37 > 2023-08-30 16:16 | Report Abuse

lock my profits and go...worry over heat..!!

Posted by willc48 > 2023-08-30 16:22 | Report Abuse

Ekovest's Chinese connectiin to China' Country Garden reaped opportunity for Ekovest in Country Garden USD100 billion project. What about BinaPuri taking over some of the property projects?

Posted by Frederick Foo > 2023-08-30 16:24 | Report Abuse

hold first, no signal to sell yet

Posted by cedcan > 2023-08-30 16:28 | Report Abuse

Thank you Ekovest

Posted by RISK8888 > 2023-08-30 16:34 | Report Abuse

good job, all the best

Posted by blazer999 > 2023-08-30 16:36 | Report Abuse

just like merdeka fireworks....

Posted by Shines > 2023-08-30 16:45 | Report Abuse

If so good will up more, see IWC

Posted by iPlay > 2023-08-30 16:48 | Report Abuse

More shows after Merdeka !....

Posted by stncws > 2023-08-30 16:58 | Report Abuse

broker norm push up 5c in split of second...remember..next

Posted by shiby > 2023-08-30 17:06 | Report Abuse

lock profit.happy merdeka day everyone ;)

Posted by GoldenCoin23 > 2023-08-30 17:19 | Report Abuse

ekovest engine just started today, me not selling ....

Posted by Frederick Foo > 2023-08-30 17:20 | Report Abuse

agreed

Posted by Shines > 2023-08-30 17:25 | Report Abuse

Yes sold all, up for PP only, RTS is not new?

Posted by Whiteevoque > 2023-08-30 17:36 | Report Abuse

Great prospects and profitable quarters for the next few years. Looking good to complete the cup formation at 86-90sen

Posted by EVO118 > 2023-08-30 22:19 | Report Abuse

Ekovest Construction Sdn Bhd, a wholly-owned subsidiary of the Company (“ECSB”), had on 5
July 2022 accepted the Letter of Award by Adil Permata Sdn Bhd (“APSB”), the appointed main
contractor of Malaysia Rapid Transit System Sdn Bhd (“MRTS”), to participate as the engineering,
procurement and construction contractor for the RTS Link project, for a contract sum of RM1.979
billion. The contract sum was subsequently reduced to approximately RM1.43 billion following a
reduction in the construction scope for the project.
The RTS Link project includes, among others, the construction of a railway shuttle link measuring
approximately 4 kilometers (“km”) (Malaysia: 2.7 km and Singapore: 1.3 km) connecting Bukit
Chagar, Johor Bahru and Woodlands Singapore. The RTS Link will be a modern light rail transit
system which will provide high volume, fast and efficient transportation system between the two
(2) stations. The link will be integrated with public transport systems at both stations, providing an
alternative means of transportation that is expected to help alleviate the congestion at immigration
checkpoints for both countries.

Posted by NatsukoMishima > 2023-08-30 22:33 | Report Abuse

The person who sell off just watch other make huge gain later!

Posted by Shines > 2023-08-30 23:00 | Report Abuse

If RTS contract was that good, why July didnt up, now after PP announcement only up a few sen. This shows that its being push up to attract PP investers/buyers

Posted by willee2 > 2023-08-31 00:43 | Report Abuse

when diehard promoter comes in, its time to sell.

Posted by DickyMe > 2023-08-31 01:16 | Report Abuse

"Posted by willee2 > 30 minutes ago | Report Abuse

when diehard promoter comes in, its time to sell."

===================================

Yes! This is the modus operand of insiders or people with own interest.
Easily identifiable by their defensive statements and ridiculous predictions.

Posted by Damas > 2023-08-31 06:49 | Report Abuse

Other view.normally the price difference bet ekovest and iwcity is 10 sen.now iwcity is 76.5. Ekovest should be 66.5

Posted by Mar2083 > 2023-08-31 12:14 | Report Abuse

Potentially may limit up soon
Ha ha

Posted by EVO118 > 2023-08-31 12:26 | Report Abuse

Potentially should be heading towards min $1.00. Look like paktua73 is going to see his 0.93 soon.

Posted by EVO118 > 2023-08-31 12:32 | Report Abuse

Ekovest Bhd has proposed to undertake a private placement of up to 10% of its issued shares to strategic and/or institutional investors to raise up to RM117.27 million — mainly to fund the construction cost of the Rapid Transit System (RTS) Link project. The placement, to be implemented in tranches, entails the issuance of up to 269.58 million new shares, with the issue price of the first tranche fixed at 43.5 sen per share, representing a discount of 4.35 sen or 9.09% to the group's five-day volume weighted average market price up to and including Aug 29 of 47.85 sen per share. The issue price of the remainder of the placement shares is yet to be fixed, but is assumed to also be at 43.5 sen, which could raise a total of up to RM117.27 million for the group, of which RM86 million will be used to partially fund the RTS Link. Of the balance, RM28.47 million will be used for working capital and RM2.8 million to defray the placement's expenses.
https://theedgemalaysia.com/node/680876

Posted by cK1973 > 2023-08-31 15:30 | Report Abuse

huat ahhh.....

Posted by trader808 > 2023-08-31 16:38 | Report Abuse

1. Last year in 2022 the company reported a revenue of 808m and a loss of 124m. In 2023 according to the financial results that has just been announced yesterday, the company generated 1.117 billion in revenue and incurred a loss of 110.8m in two consecutive years.

2. Despite announcing a horribly disappointing result, market celebrated the performance by aggressively chasing up the share price from 43.5 sen three days ago to hit an intra day high of 56.5 sen and closed impressively at 54 sen over gigantically huge volume.

3. That is a massive 24% rise in 3 days.

4.Yesterday, the trading of Ekovest was ceased and After one hour of trading halt, the company inform its shareholders that it has proposed a private placement of up to 269m shares or 10% of the total number of issued shares at 43.5 sen representing a discount of 9.09% to the five - day VWAP

5. Traditionally, only announcement of huge profit, merger & acquisition award of project and other price positive and sensitive information would drive up share price. However, for Ekovest, a surprisingly rare private placement excites market and spices up its share price.

6. What is the implication and significance of a private placement PP?

7 PP involves the issuance of new shares. For Ekovest its PP would add additional 269m new share and would enlarge the current issued share capital from 2695m to 2964m shares
An increase and enlarged share capital would dilute earning per share EPS and accordingly reduce share price if not negatively impact share price. Hence, market chasing up share price over PP is unconventional but astonishingly true for Ekovest

8. PP is offered at a 10% discount, well almost and to a selected group of investors. They are usually friendly parties with deep pockets. These are shrewd businessmen to whom money is made at the time of buying. All of us only make money when we sell. This is a money game in which people of high net worth may benefit and enjoyed. So, think about it.

9. If you are a minority shareholders of ekovest the above two points would put you at a seriously disadvantage, shot- change and unfairly treated position and yet it is unavoidable simply because PP does not require shareholders' approval and EGM is unnecessary.

10. The advantages of PP enable the require money can be raised with speed and accuracy without tedious and lengthy process as in a right issue of shares and bonds and bank loans and borrowings.

11 In addition, there is no principle repayment and zero interest payment for the company. This would ease cashflow and improve working capital. This in itself would provide the minority shareholders with some comfort for being short changed.

11. It is hope that the management would use the fund wisely and mightily for the purpose of which it was meant to be used to generate earnings and wealth for the company.
12. This has been my thoughts on PP.
Happy trading
31/8/2023

Posted by Shines > 2023-08-31 18:43 | Report Abuse

PP is beneficial to the Co. but it will dilute EPS and share holdings, not logical after announcement of PP, share price shoots up, it is just a ploy to attract PP investors. If there are any hidden agenda, I dont know but I have sold all my holdings in Ekovest. Please be prudent in your hard earn money in investments.

Posted by soon9913 > 2023-08-31 21:03 | Report Abuse

PP at 0.435 only.. hundred million of shares will throw to you if u buy at this price

Posted by soon9913 > 2023-08-31 21:05 | Report Abuse

current price will see heavy sell down soon... PP subscriber will just throw the cheap stock to you

Posted by RISK8888 > 2023-08-31 21:08 | Report Abuse

RISK8888
Share price reflect future prospect. If ekovest hit jackpot getting new project from government. Sure price will up further, listing of duke highway may also be in the making. Bandar malaysia etc…

Posted by Kim > 2023-08-31 22:48 | Report Abuse

Heading to 0.90++

IMD TP : 0.65 sen
Tomorrow may test hit and break 0.60 sen.

TAYOR!

Posted by soon9913 > 2023-08-31 23:39 | Report Abuse

ask cimb remisier help to buy PP better la

Posted by soon9913 > 2023-08-31 23:39 | Report Abuse

buy at 0.435 sell at 0.52 also good buta buta 20% gain

Posted by willee2 > 2023-09-01 00:45 | Report Abuse

pp at 435 will throw alot tmr n monday! sell all n run while still can!

Posted by willee2 > 2023-09-01 00:49 | Report Abuse

its fryday many will sell tmr