Banker sell a bit ,let Ikan bilis panic sell all , banker wanna trap u to SELL all , so banker have lower cost to accumulate all share, easy to push up quickly , once QR 28 FEB announed , 1 bil net profit easy let banker push up quickly to 62 sen , YTL , Excelent QR announed ,1 day up 30 sen
28 FEB will know , either this SELL down , is it banker tactic to accumaute , to push up quickly after QR announed
As see IWCITY share so steady ,up 3 day since last Thursday , no reason why Ekovest still can come down , probably banker wanna trap u Ikan bilis to sell all Ekovest share
1. What are you, Ekovest? Historically in its heyday, Ekovest has ever achieved an annual profit of between 110m to 156m during the period from 2016 to 2019. However, in the last 2 years of 2022 and 2023 the company has suffered enormous losses of -124m and -110m respectively. For the 1Q2024 it has demonstrated a green shoot of recovery by reporting a tiny 3m in profit.
2. The company is schedule to report its 2nd quarter earnings by the end of Feb 2024. Investors are still waiting anxiously. I shall refrain from speculating and commenting with facts and numbers on the forthcoming result.
3.However judging by the trading volume and volatility and its persistent fall in share prices, it is anything but good.
4. The earning track record of Ekovest over the years had fallen from spectacular to great and from great to good and from good to mediocre and slide further down to rotten in the current time. 5. You would tend to agree with me the expression that said *nothing except profit would drive up the share price*. Hence with the depressed profit performance it is not surprising that the share price is persistently moving to the south and accelerating it its speed.
6. Ekovest is therefore a company without earning growth and not even slow growth. Expecting it to report impressive earning would end up in despair.
7 Ekovest has great asset and value as in the DUKE and SPE highway. Because, the monetization of highway has been extended for 2 years, hence ekovest is not expected to wake up to Bursa on asset play and highway to profitability is not expected. The reason why share price is not moving up.
8. Technically, at the closing price of 48.5 sen the cup and handle formation has been destroyed. It is looking more like a double top with the neckline at 43.5 sen. The worst is yet to come.
9. Company and business move following a cycle. It gets out from rotten stage to recovery to good and great and then spectacular and block buster earnings.
10. None of these description fix Ekovest. If it is neither this nor that, than what is Ekovest? It is a group of shrewd people organizing a party of the year. Ekovest is a huge party and all of us are invited to the ball. You may have great joy and laughter but have been forewarned you must leave the moment Tan Sri left. Otherwise, there are consequences
11. Sadly, many got drunk by the music and overstayed the party that is continuing to speculate in ekovest that has no earning growth, no slow growth, no highway asset play, no cup and handle, no turnaround story.
12. This is like what Warren Buffett had said in his annual letter about Cinderella that we could learn for investing and that is overstaying or continuing to speculate in a company with lofty valuation will eventually bring on pumpkins and mice.
13. This is my personal perception and opinion of the counter. it is not a buy or sell recommendation and not intended to influence you investment decision.
14. I could be completely wrong. Trade wisely 26/2/2024
Ekovest bags RM1.98 bil award for appointment as RTS Link collaborative partner
KUALA LUMPUR (July 5): Ekovest Bhd’s wholly-owned subsidiary Ekovest Construction Sdn Bhd (ECSB) has been appointed by Malaysia Rapid Transit System Sdn Bhd (MRTS) as the collaborative partner to Adil Permata Sdn Bhd (APSB) — the main contractor of the Rapid Transit System (RTS) Link project. In a filing on Tuesday (July 5), the construction group said ECSB had on Tuesday (July 5) accepted the RM1.98 billion contract from APSB, which will see ECSB appointed as the engineering, procurement and construction (EPC) contractor for the RTS Link project.
KUALA LUMPUR, Dec 18 — Singaporeans are snapping up Johor real estate even though the Rapid Transit System (RTS) link between the island republic and Malaysia is yet to be completed after their government made it more expensive to own more than one property by increasing the additional buyer’s stamp duty, The Straits Times reported today.
# Hot property market in Johore nowadays and expected more Singaporean buying property in Johore in near future ⬆️✅😎🤞
The progress more than 65% completion of RTS by Ekovest showing the capability of the company to deliver the works efficiently and this will reflect a greater commitment of Ekovest in future to secure more mega projects in Johore ⬆️✅😎🤞
Accumulating on dip if have spare cash. No greedy.
Do not contra, punt and speculate. Use spare cash to invest. Avoid using margin facilities and loans.
0.3 to 0.6 = +100% 0.6 to 0.49 = -18.33%
LKC pocketed 18.33% indirectly If 0.49 back to 0.6, LKC pocket another 22.4%. Smart ass
If scare of 8877, then 1651 is not a bad choice for mid long term. Got to analyze, doing FA analysis and make own decisions ba in all the investment decisions. TA is for punters traders market makers traders OPs syndicates.
Investment leh. Cant be having profit everyday leh. If move up, wanna sell or not? If going down, wanna sell or not? Always either red or green. Sit tight better. Watch everyday is quite eyes strain and stress leh. Right... Imho. My2c.
More fund coming in, plan and see which one to collect. 😂 Accumulation on dip. Sell into strength or wait for longer term, up go individual. 2c
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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....
fl888
7,696 posts
Posted by fl888 > 2024-02-26 11:06 | Report Abuse
Agong no more delay in any infrastructures projects if possible…