Posted by UncleFollower > 2024-07-23 16:35 | Report Abuse

Yes this counter can play...worst case scenario kena trap still got duke highway 😂

Whereas Theta falling same % today, see also scared no idea what they have, yet

Posted by Chellons > 2024-07-23 16:40 | Report Abuse

At least 0.51 closing la. Kasi channn

Posted by joni > 2024-07-23 16:41 | Report Abuse

contra and margin called habis

Posted by UncleFollower > 2024-07-23 16:41 | Report Abuse

Your Average cost ah 😂



Chellons

At least 0.51 closing la. Kasi channn

22 seconds ago

Posted by UncleFollower > 2024-07-23 16:42 | Report Abuse

Corporate exercise on > 60c

Call off surely no 51c in near term

Posted by anson938 > 2024-07-23 16:43 | Report Abuse

Last minute....

Posted by UncleFollower > 2024-07-23 16:43 | Report Abuse

Looks like syndicates have sold more than they bought. Maybe called off already. SC pls investigate Tan Sri LKH

Posted by dompeilee > 2024-07-23 16:43 | Report Abuse

Posted by dompeilee > 1 day ago

Of the kanghoo trio, only Knusford is worth buying[ severely undervalued], becos Ekovest is overindebted & overticketed & IWCity is cash poor & PN-17-bound!


30-year veteran give u all FREE advice that I would only give my paid subscribers also don't wanna listen...itchy itchy gamble only...😁

Posted by ocbc > 2024-07-23 16:45 | Report Abuse

Upcoming IPO no more debt for Ekovest lor.

Posted by ocbc > 2024-07-23 16:45 | Report Abuse

YTLpower also alot alot of debt lah.

Posted by ocbc > 2024-07-23 16:47 | Report Abuse

Buy Ekovest is bcu of upcoming IPO + construction sector

Posted by soon9913 > 2024-07-23 16:53 | Report Abuse

apa debts la highway company sure a lots of debts la

Posted by soon9913 > 2024-07-23 16:53 | Report Abuse

once highway listing become net cash company ady

Posted by Johnchew123 > 2024-07-23 16:53 | Report Abuse

High volume traded today 2.5 mil , bad news , probably merger terminated , normally if extend 1 week before , already inform , now nearby 27 July 2024 still no inform , insider May know something , waiting 43 sen BUY back

Posted by speakup > 2024-07-23 16:55 | Report Abuse

Wah beheading hari ni

Posted by Johnchew123 > 2024-07-23 16:56 | Report Abuse

See announed ment today will know , if confirm terminated , Tomolo will plunge again , waiting support 43 to 44 sen BUY

Posted by speakup > 2024-07-23 16:57 | Report Abuse

Siapa catch the falling knife?

Posted by rr88 > 2024-07-23 16:59 | Report Abuse

Tommorow they short another 7 cents kasi terkangkang all todays buyers at 0.49. Its a psycho play. They think the opposite.

Posted by Albukhary > 2024-07-23 16:59 | Report Abuse

Try to think another way.
Why if merger plan call off, Ekovest share price must go down?
Back to 2023, before the announcement of Merger Plan, EKOVEST, UEMS, WCT, LBS all at around 40sen.
For the past 1 years, UEMS, WCT, LBS all this developer / construction stock have move up 200-300%, while EKOVEST still below 60sen.
Once of the main reason why it is below 60sen is because under its Merger & Acquisition plan, it mentioned that it will issue new share at 60sen, so 60sen become a capping for Ekovest.
If Merger plan really called off, the Ekovest should have no more capping on its share price.
It will chase up its peer and reach Rm1.00 anytime soon.

Above is just my two cents.

Posted by Chellons > 2024-07-23 17:00 | Report Abuse

And they go back 44 sen for 8 months

Posted by miniminer > 2024-07-23 17:04 | Report Abuse

KLCI up 7.6 points today, PM pula said Economic up 5.8%, but Ekovest one day drop so much, macam mana tak betul ......hehehe................

Posted by Not_logic > 2024-07-23 17:09 | Report Abuse

Botak dump like IW City?

Posted by ocbc > 2024-07-23 17:11 | Report Abuse

Share always up n down type to kill contra players.

Posted by speakup > 2024-07-23 17:12 | Report Abuse

Kan speakup dah kata Bursa tercinta kami dah jadi Casino De Bursa. In casino sometimes u judi u win, sometimes u judi u lose. No big deal

Posted by dompeilee > 2024-07-23 17:14 | Report Abuse

Aiyo...why simple maths ppl cannot understand? 3,000 million tickets = very hard to support the price + AVALANCHE of selling when there's bad news. Knusford 99.5 million tickets( 65 million free float) means price will jump when there's good news & falls are limited. I used the same principle to target small issued shares companies in Japan & today, my Daiwa Heavy[ issued shares only 1.358 million] is trading after-hours @ a 3RD limit- UP of ¥2,050!!!🤗

Posted by Albukhary > 2024-07-23 17:20 | Report Abuse

Feel like good news is coming soon.

Posted by pang72 > 2024-07-23 17:21 | Report Abuse

What is going on?

Posted by soon9913 > 2024-07-23 17:23 | Report Abuse

hold tight your seatbelt ...! buy more when price is low... it is about to depart!

Posted by Albukhary > 2024-07-23 17:24 | Report Abuse

Ekovest has 2,965mil share.
Today transaction is 262mil share.
Around 10% changing hand.

Posted by soon9913 > 2024-07-23 17:26 | Report Abuse

it has been top volume more than 1 week bro..

Posted by Albukhary > 2024-07-23 18:08 | Report Abuse

Ekovest Bhd (8877) is a diversified company with activities spreading across the construction, property, toll operation, and plantation segments. As a prominent contractor and toll highway concessionaire, Ekovest is set for profitability by FY25, benefiting from Johor's vibrant property and construction sectors plus potential gains from the monetisation of DUKE highways and improvements across its business segments. BUY with a TP of RM1.16 based on our SOP valuation.

Ekovest's plan to monetise DUKE Phase 1 and Phase 2 aligns with the resurgence of traffic to pre-pandemic levels. This move could be a significant re-rating catalyst, as the total asset value may surpass the company’s market capitalisation by 2X. In addition, Ekovest had successfully completed the Setiawangsa-Pantai Expressway (SPE), formerly Duke Phase 3, in Nov 2023. With a 53- year concession, SPE is nicely poised to be in the black albeit initial operational losses.

We believe the ongoing RTS (Rapid Transit System) Link project is expected to boost Ekovest's future construction revenue amid an expanding orderbook driven by the RM1.2bn rapid transit system project and potential projects such as DUKE Phase 2A Istana Link and initiatives in Johor.

Ekovest's plantation division via its 100k acre landbank in Johor, acts as another key growth catalyst. The acquisition of a 62% stake in PLS Plantations (PLS) in 2020 has strategically placed Ekovest into the management of oil palm, forest, and notably durian plantations. As Malaysia’s largest durian-focused planter, Ekovest via various initiatives should enjoy the fruits from the growing demand for durians.

In addition, Ekovest’s ongoing corporate restructuring is set to enhance overall efficiency and strengthen its asset portfolio. The merger with IWC-IWH brings a significant strategic landbank of over 4,000 acres in Iskandar Malaysia's Flagship A Zone. Noteworthy details of the restructuring include a reduced acquisition price, resulting in a lower dilution and improved earnings accretion for Ekovest.

Though the company’s current net gearing of 2.26x is deem high, this is easily addressed from the potential disposal of DUKE Phase 1 and Phase 2 that would further strengthen Ekovest’s underlying financial status for new projects going forward.

Posted by trader808 > 2024-07-23 18:14 | Report Abuse

This article first appeared in The Edge Malaysia Weekly on July 15, 2024 - July 21, 2024

THE federal government is said to be mulling over the removal of Ekovest Bhd (KL:EKOVEST) as the project delivery partner (PDP) of the long-delayed River of Life project, which is facing cost overruns, sources familiar with the matter tell The Edge.

Ekovest’s wholly-owned KL Bund Sdn Bhd is the PDP, project coordinator and manager of the RM4.4 billion River of Life project that was launched in 2011 under the Economic Transformation Programme for Greater Kuala Lumpur to transform about 800ha of the Klang River and Gombak River basins into habitable waterfronts with high economic value within seven years.

“I think the decision [to terminate] could be finalised soon and Ekovest may or may not be aware of it but this comes after the Auditor General’s Report on Federal Agencies’ Activities 2024,” a source says.

The recently released report states that the River of Life project is behind schedule with none of its objectives having been achieved in 13 years, although some RM3.92 billion or almost 90% of the allocated RM4.363 billion has been spent.

The River of Life project is under the supervision of the Federal Territories Department and involves 12 components, which are still in the pre-implementation stage. There are also eight components with completion rates of between 21% and 97.3%, the AG’s report notes.

According to the report, none of the project’s objectives has been fully achieved, in particular improving river water quality. The government’s plan to generate up to RM4 billion from land sales to help finance the project had failed due to lower-than-expected proceeds.

2. Is this the reason for the volumn and volatility ?
23/7/2024

Posted by Albukhary > 2024-07-23 18:22 | Report Abuse

@trader808, nope, this is old news d, it came out on last week monday.
In fact Ekovest has made announcement and clarify that this project already end on 2015, and Ekovest has already resigned from the PDP role since then.

Posted by Johnchew123 > 2024-07-23 18:48 | Report Abuse

https://www.malaysiastock.biz/Company-Announcement.aspx?id=1555772

Termination should be terminated , let 3 day only , if they wanna extend another 3 month ,the company will inform Bursa 1 week before for extension , previously also same
Insider should know something , dispose first , uncertain situation , waiting 43 to 44 sen BUY back

Posted by Albukhary > 2024-07-23 18:49 | Report Abuse

No announcement today.
Seem like tomorrow will be another up down up down day.

Posted by anson938 > 2024-07-23 19:19 | Report Abuse

No news actually is good news

Posted by stncws > 2024-07-23 19:28 | Report Abuse

90-99th floor many soldier !

Posted by ocbc > 2024-07-23 19:48 | Report Abuse

River of Life project already not working for so long, the stock price has priced in already or else today is $1.5 lor. Tmw those who want to sell just sell sell sell so the insiders can buy buy buy

Posted by KooSan > 2024-07-23 20:30 | Report Abuse

Never trust botak head

Posted by Lewis Lee > 2024-07-23 20:35 | Report Abuse

Looking at the huge volume , have an uneasy feeling that cunning shareholders offloading share again !? Wait for next few days announcement will know 😅

Posted by Lai Yu > 2024-07-23 20:50 | Report Abuse

华山论剑也

Posted by soon9913 > 2024-07-23 20:51 | Report Abuse

Wait until this Friday see if the group restructuring will be proceed OK...

Posted by Johnchew123 > 2024-07-23 21:14 | Report Abuse

No need wait , insider already know , leaking info , today down 7 sen already give u hint , merger going to terminate , down early , Tomolo plunge 1 more day with high volume above 2 mil share traded , mean termination already price in , 43 is strong support ,once official termination announed , probably rebound back 50 sen .
Wa

Posted by speakup > 2024-07-23 21:27 | Report Abuse

ya lor insiders already know the results, and they're Dumping!

Posted by Boringguy > 2024-07-23 21:37 | Report Abuse

ya i think insider already know it.. terminate again mean ekovest miss the chance on the johor market growing.. haizz.... what to do.. the most undervalue share in term of assest or land they holding.. stuck under merging and development cause no value.

Posted by theyoungman > 2024-07-23 21:45 | Report Abuse

Ekovest Berhad's share price saw a significant drop today due to a combination of factors. Firstly, there are market concerns regarding the company's financial health, including its high levels of debt. Investors are also worried about the potential termination of the merger with Iskandar Waterfront City (IWCity), which has not yet been confirmed but is causing uncertainty.

Furthermore, there is speculation that if the merger does not proceed, Ekovest's share price could suffer further declines. The lack of new major project wins for Ekovest has also contributed to investor skepticism about its future profitability​ (Bursa Malaysia (KLSE) Market Summary)​​ (Malaysia Stock)​.

Given these factors, potential investors should exercise caution and closely monitor further announcements related to the merger and Ekovest's overall financial strategy.

Posted by theyoungman > 2024-07-23 21:46 | Report Abuse

Despite these concerns, some market participants are optimistic about future developments, including potential corporate exercises and the listing of the Duke Highway, which could positively impact Ekovest's financial position and share price in the long term​ (Bursa Malaysia (KLSE) Market Summary)​​ (TradingView)​. However, the immediate market reaction reflects uncertainty and cautious sentiment among investors.

As for the recommendation on whether to invest, it's essential to consider both the potential opportunities and the risks involved. The company's future performance will likely be influenced by the resolution of the merger plans, the outcome of planned corporate exercises, and broader market conditions. Consulting with a financial advisor for personalized advice based on your risk tolerance and investment goals is advisable.

Posted by soon9913 > 2024-07-23 22:07 | Report Abuse

Don't panic sell, wait until end of this week first...

Posted by soon9913 > 2024-07-23 22:08 | Report Abuse

Worst is drop back to 0.38 ma if no good news...

Posted by RamsyNa > 2024-07-23 22:22 | Report Abuse

Looks like The Edge was right ...https://theedgemalaysia.com/node/718998