Investment is about patience. Wait for its results and growing.... At least, solid assets r the solid backbone of this co. When to be profitable, nobody know, hence it is full of imagination and unclear when it will be surging up.
If one is not keen in this bb 8877 and 1589, if so, why there were so many investors loving this bb before 0131 (31st Jan?) Hmmmm. It is strange if the co and its group including the mgmt team is koyak, idk why so many people being attracted or lured by this co from 0.30 to 0.62. Up and down is normal isn't it? 0.3 to 0.6 is 100% upside. 0.6 to 0.49 is only 18.33% downside. Errr. Idk idk idk why so many unhappiness leh.
Do not contra punt speculate, then won't be bitten by crocodiles.
Loss is good, when Ekovest share price sink below 45sen, then I believe all Ekovest shareholder will accept the proposal proposed by LKH, whereby they can issue share at 60sen to acquire Knusford and IWCIty...etc.
Because when Ekovest share price above 60sen, all shareholder will reject the proposal, they will said not fair, 60sen to cheap....etc.
@Chellons, ya, program selling to lock profit by op and investors, everyday down half c 1c like that. But if strong and hot time, one day can shoot up 3c to 5c, 2 days terus touches 0.6 liao, that price will lure LKC to come out again hehe
1.Ekovest has just announced its 2nd quarter result. The numbers are bad and alarming.
2. I have written extensively and fundamentally about Ekovest. The company has great dreams but small value. It works hard but produce no result or negative results.
3. You have been forewarned repeatedly to get out months ago. Nothing good happens here. Bad days have arrived and the worst days are still ahead of them.
4. This is a short posting. I wish to end it by informing that the 4 months time period allocated for the due diligence of the mega proposal to reorganize, rationalize and merger of sisters companies is due on 27th Feb. 2024
5. There is no announcement and follow up news. It is not forthcoming. Where is the management commitment. Are you truly forgiving and continue to stay invested. Think again and think wisely.
The Group had also experienced steady increase in toll revenue for Duke Phase-1 and Phase-2 upon the upliftment of the MCO since October 2021, and with the full opening of the SPE on 3 November 2023 will further improve the toll collection revenue under this operating segment, notwithstanding that financing costs for SPE will no longer be capitalised in the financial statements once the full opening of SPE.
For the current reporting quarter, the Group reported a higher revenue as compared to the immediate preceding quarter mainly due to higher contribution from the construction segment on SPE Highway project. The net profit after tax has decreased from RM2.643 million to a loss of RM50.831 million mainly due to the increased recognition of finance cost and deferred tax liabilities from the toll operations’ segment as compared to immediate preceding quarter. With the full opening of the SPE Highway on 3 November 2023, the financing costs incurred will be fully expense off in the financial statements as compared to immediate preceding quarter where the interest incurred was capitalised.
The Group has finalised the financial requirement and the authorities’ submission, and planned to launch the upcoming new property development, EkoTitiwangsa by the next quarter. As for the construction segment, the Board expects that the on-going rationalisation of the construction scope under the RTS Link project will contribute positively to the Group’s future construction revenue and earnings. In addition, the Group is continuously working closely with Government on various infrastructure projects.
Our subsidiary, PLS Plantations Berhad (“PLS”), is in a transition phase from its core business in traditional oil palm plantation to the broader agrofood industry. PLS’s transformation journey from the cyclical oil palm plantation to a more diversified range of upstream and downstream activities will require a longer gestation period. In particular, the gestation period for the durian trees is about 4 to 5 years and thus, the bulk of our durian revenues are now mainly from trading activities. In the near term, PLS will continue its current rehabilitation and sanitation works with emphasis on recommended plantation practices to improve the production yield of its oil palm estates, matured durian plantation and contract farm. In addition, PLS will continue to work closely with its current and prospective business associates to improve the retail offtake rate of downstream durian products by offshore wholesalers and end consumers. Concurrently, upstream investment in durian plantation will continue to be a mainstay of PLS to complement its existing downstream business while waiting for PLS’s durian farm to be matured and fruitful in 3 to 4 years. This is in line with the long-term group strategy to expand and diversified into other businesses to reduce dependency and reliance on our existing businesses in construction and property development.
Reading the accounting report not like reading a story book or judge it thru its cover guys 😎
Accounting reports are periodic statements that present the financial status of a company at a certain point in time or over a stated time period. It details business transactions and operations. They are a compilation of financial metrics that infers from a business's accounting records.
(d) Execution of Definitive Agreement and exclusivity period (i) The Parties shall use their best endeavours and efforts to negotiate in good faith and execute the Definitive Agreement within four (4) months following the date of the HOA, with an automatic extension of three (3) months upon the expiry of such four (4) months period, or such further extended date as the parties may mutually agree upon (“Expiry Date”).
OTHERS EKOVEST BERHAD ("EKOVEST") MEMORANDUM OF UNDERSTANDING BETWEEN EKOVEST, SHENZHEN MAOXIONG CO LTD ("MX") AND ANXI COUNTY PEOPLE'S GOVERNMENT ("ANXI COUNTY OFFICE")
Reference is made to the announcements dated 26 July 2023 and 30 November 2023 in relation to the Memorandum of Understanding ("MOU") signed with MX and Anxi County Office concerning cross border socio economic collaboration which include but not limited to conceptualization, planning, prioritizing, financing and implementation of property development, infrastructure development and fresh produce, agriculture and aquaculture distribution and processing development in both China and Malaysia ("Proposed Cross Border Socio Economic Collaboration").
# Will materialise soon and contribute huge revenue to the company.
Short term fluctuations can't be avoided with such a result. Tomorrow is a good timing for traders, syndicates, market makers to make big vol traded and it might go to top 10 vol and in red. Hmmm. Those investors who had already invested, what to do. Let's see how it goes ba.
Share price drop to 0.4+++after yearly high @0.62, these was the best gift to existing shareholder & for those allegiance to these ekorvest counter within a year +++
OTHERS EKOVEST BERHAD ("EKOVEST") MEMORANDUM OF UNDERSTANDING BETWEEN EKOVEST, SHENZHEN MAOXIONG CO LTD ("MX") AND ANXI COUNTY PEOPLE'S GOVERNMENT ("ANXI COUNTY OFFICE")
# Good news ⬆️✅😎🤞
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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....
FNomad777
4 posts
Posted by FNomad777 > 2024-02-27 19:18 | Report Abuse
Shit counter