EKOVEST BHD

KLSE (MYR): EKOVEST (8877)

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Last Price

0.35

Today's Change

-0.005 (1.41%)

Day's Change

0.345 - 0.355

Trading Volume

10,173,500


34 people like this.

75,729 comment(s). Last comment by IdleMoney66 2 hours ago

Posted by ExecutionTrade > 2 months ago | Report Abuse

Iwcity is green and I think Ekovest will be green too

calvintaneng

56,603 posts

Posted by calvintaneng > 2 months ago | Report Abuse

Will moderate by rise of 5% to 30% construction cost due to 52% diesel price rise


DUFU better option

DUFU (7233) OVERSOLD & TOP REASONS WHY IT HAS THE MOST POTENTIAL NOW FOR UPSIDE, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-30-story-h-153147341-DUFU_7233_OVERSOLD_TOP_REASONS_WHY_IT_HAS_THE_MOST_POTENTIAL_NOW_FOR_UP

Eagle77

6,992 posts

Posted by Eagle77 > 2 months ago | Report Abuse

Indicators of bad qr ⬇️🩸🩸🩸

Boringguy

1,090 posts

Posted by Boringguy > 2 months ago | Report Abuse

fast fast dump dump faster.. don't waste time and don't block ppl road!!

Eagle77

6,992 posts

Posted by Eagle77 > 2 months ago | Report Abuse

This evening QR out and will plunge next Monday to below 0.30 ⬇️⬇️⬇️🩸🩸🩸

Eagle77

6,992 posts

Posted by Eagle77 > 2 months ago | Report Abuse

Sell and buy SCIB profit 1.7 million this QR ✅✅✅⬆️⬆️⬆️

Boringguy

1,090 posts

Posted by Boringguy > 2 months ago | Report Abuse

huh green back?? close position? road block clear?

Eagle77

6,992 posts

Posted by Eagle77 > 2 months ago | Report Abuse

BIG BIG RED LOST-72 MILLIONS ⬇️⬇️⬇️🩸🩸🩸☠️☠️☠️…I HAD WARNED U ALL JUST NOW ‼️‼️‼️

Posted by Johnchew123 > 2 months ago | Report Abuse

Parria stock ,total net loss 1.3 bil ,continuely 3 QR , really fuxx off , parria , rubbish , uselsss ,
Screw out management

Boringguy

1,090 posts

Posted by Boringguy > 2 months ago | Report Abuse

After reading the QR reported.. a delay payment amount of 64M caused the loss. if include it I actually is break even.. completed the SPE increase the financial cost.. if minus those duke 1 and 2 compensate actually the rate is increase... operation cost is still health... those land disposal havent recognise... wish FY25 will be good start of Ekovest.. new project start on Nov 2024.

Boringguy

1,090 posts

Posted by Boringguy > 2 months ago | Report Abuse

Anywhere... to reward back to shareholders.. the plan has to execute and list the Duke highway. otherwise very hard to see the big profit.. so wonder which shareholder is stopping the plan.. wish the after disposal of the land is complete and those stop the merge shareholder also get disposal it then will be good..

anson938

2,018 posts

Posted by anson938 > 2 months ago | Report Abuse

根据EKOVEST最新财报中的信息,以下是关于建筑未结款项、RTS项目收入以及大道收入减少的具体情况:

1. 建筑未结款项 :
- 建筑板块的未结款项(Contract Assets)总计约为RM113.421百万 。

2. RTS项目收入 :
- RTS Link项目的进展显著提高了本财年建筑板块的收入,报告期内收入为RM638.873百万,相比去年的RM526.988百万增长明显 。

3. 大道收入减少的部分 :
- 大道收入减少主要是由于2023年未收到预计的道路补偿款RM64.0百万。此外,2024年1月1日起Duke 1 & 2高速公路的收费率调整也尚未确认,进一步影响了收入 。

综上所述,EKOVEST在建筑项目方面依然有较大的未结款项,而RTS项目的进展对收入有积极贡献,但大道收入因补偿款未到位而受到负面影响。

Eagle77

6,992 posts

Posted by Eagle77 > 2 months ago | Report Abuse

Monday will plunge to sinkholes ⬇️⬇️⬇️🩸🩸🩸☠️☠️☠️

koyokui

1,964 posts

Posted by koyokui > 2 months ago | Report Abuse

Most shorted stock on bursa by percentage. Short squeeze can happen.
https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20240829.pdf?t=1725023366

Boringguy

1,090 posts

Posted by Boringguy > 2 months ago | Report Abuse

Just sharing yesterday night gathering with my friends..got discussed Ekovest QR performance.. everyone also shocked on the result.. but one of my friends who has an audit background said it actually the report had nothing wrong and it showed healthy just the number game and timing when recognize.. what they do now is everything put in lose during this qr or FY..then next FY new start this is because the SPE have to count as operation on the toll division no more project phase that is why they want close it during this FY.. so that next FY will be clear card.. regarding the bond issues.. based on the report shows is still healthy no issues on the default mentioned.. unlock land compensation haven't recognise and RTS billing plus toll profit able to hand the bond.. listed the toll operation on table based on the agreement the exit have to execute before 2026 meaning during FY25 have to plan on it and table it...regarding the share price.. my friend don't want comment... he just told us this is define by market... can be lower can be upper...everything is complete now depend on company how to unlock the value to reward back to shareholder..TOD, mergered and listed toll division.

anson938

2,018 posts

Posted by anson938 > 2 months ago | Report Abuse

👍👍👍👍👍👍👍👍👍

laulau

421 posts

Posted by laulau > 2 months ago | Report Abuse

Thanks for Sharing Guys. What we know so far on Ekovest In Summary:

EKOVEST still has
1. A large outstanding amount for construction projects (Contract Assets to be monetized) RM114 Million,
2. Progress of RTS project has made a positive contribution to revenue (Revenue during the reporting period was RM638.873 Million, a significant increase of 21% compared to last year's RM526.988 Million),
3. Highway revenue has been negatively affected by non-receipt of the expected road compensation payment of RM64.0 Million in 2023. This compensation of RM64 Million due from Government may be received once allocated in the coming Budget 2024/2025?.
4. Meantime Ekovest sold 17 parcels of land in KL to LKH & Airman to cover its current Cashflow with cash proceeds of RM66.8M + RM9.82M = RM76.62 Million, to be recognised in the next Qtr.
5. Ekovest is highly shorted with Net Short Position of RM58.25 Million (1.96%) on 29/8. If not enough Volume/Seller at lower price Sold by Operator (i.e. 36~36.5
sen) for RM58.25 Million worth of borrowed shares in next few trading sessions, Operator will have to Buy at higher price than 36~36.5 sen to cover back these Short Position. That's why Operator Agents are working very hard to scare uninformed Retailers to Sell cheaper?

According to the information in EKOVEST’s latest financial report, the following are the specific situations regarding the outstanding construction funds, RTS project revenue and the decrease in highway revenue:

#Outstanding construction balances:
- The total outstanding amount (Contract Assets) of the construction segment is approximately RM113.421 million.

#RTS project income:
The progress of the RTS Link project has significantly increased the revenue of the construction segment this financial year. Revenue during the reporting period was RM638.873 million, a significant increase compared to last year's RM526.988 million.

#Reduction in highway revenue:
The decrease in highway revenue is mainly due to the non-receipt of the expected road compensation payment of RM64.0 million in 2023. In addition, the toll rate adjustment on the Duke 1 & 2 Expressway from January 1, 2024 has not yet been confirmed, further affecting revenue.

Posted by Johnchew123 > 2 months ago | Report Abuse

We downgrade to SELL , bad management , Useless management , TP = 30 sen ,BY END SEPT

Worst , parrria ,useless performance contruction stock YEAR 2024 ,

Close eye buy any small cap Mrcb , Sendai , Gadang ,Econbhd ,Fajar , inta on 31 Dec 2033 , kept until today , u sell tomolo still earn money,

If this buy this parria stock on 31 Dec 2023 , this parria close 49 sen , really worst

Posted by Johnchew123 > 2 months ago | Report Abuse

Bad news out , bad month coming Sept for this parria stock to perform , TP = 30 sen , net short position 1.96% still on hand ,let rock it to 30 sen , we so happy can see 30 sen in 20 trading day ,
BY END. SEPT

IdleMoney66

1,205 posts

Posted by IdleMoney66 > 2 months ago | Report Abuse

All bad news is out! High debt is normal for construction company.
Unique selling point - Duke 1&2 and SPE
60% own Duke1 & 2 worth RM2 bil
100% SPE worth RM3.8 bil
Total bond RM5.8bil

So obviously high debt is due from constructing of Duke1&2 and SPE highway.
These 2 highways can continuously generate cash flow to the company.

IdleMoney66

1,205 posts

Posted by IdleMoney66 > 2 months ago | Report Abuse

Not much insti and GLIC invested in this company, for example, NO KWSP,KWAP and PNB. This stock is highly controlled by Lim Family

Eagle77

6,992 posts

Posted by Eagle77 > 2 months ago | Report Abuse

Today go into SINKHOLE ⬇️⬇️⬇️🩸🩸🩸☠️☠️☠️

Nickhew

73 posts

Posted by Nickhew > 2 months ago | Report Abuse

gogogo ekovest

Boringguy

1,090 posts

Posted by Boringguy > 2 months ago | Report Abuse

this morning collected another 500lots now my holding average price is 0.38..see can get lower and collect or not..

fl888

7,749 posts

Posted by fl888 > 2 months ago | Report Abuse

Bad qtr,uppppp….good qtr, downnnnn…..

anson938

2,018 posts

Posted by anson938 > 2 months ago | Report Abuse

Limit up???

anson938

2,018 posts

Posted by anson938 > 2 months ago | Report Abuse

Share movement normaly base on future performance!!!

Boringguy

1,090 posts

Posted by Boringguy > 2 months ago | Report Abuse

where got bad qr.. is the worst is over now is the time for unlock value...

soon9913

2,820 posts

Posted by soon9913 > 2 months ago | Report Abuse

yes, actually the QR not bad... it is common for highway company to incur interest expenses.. most important is the core operation is profitable

soon9913

2,820 posts

Posted by soon9913 > 2 months ago | Report Abuse

and there are pending compensation from government due to not allowed to hike tolls prices..

soon9913

2,820 posts

Posted by soon9913 > 2 months ago | Report Abuse

special economic zone will be announced in near terms, stay tune and tied your seatbelt guysss!!

GT8989

34 posts

Posted by GT8989 > 2 months ago | Report Abuse

no big volume beware..

soon9913

2,820 posts

Posted by soon9913 > 2 months ago | Report Abuse

price is low ady. MCO price.

anson938

2,018 posts

Posted by anson938 > 2 months ago | Report Abuse

Highway listing??
Proposal approved??
New contract obtained??

soon9913

2,820 posts

Posted by soon9913 > 2 months ago | Report Abuse

Duke, Duke2, SPE highways ady worth more than RM2, not to mention those landbanks at Johor.. if those land are under special economic zone,

soon9913

2,820 posts

Posted by soon9913 > 2 months ago | Report Abuse

where got this price if highway listing... at least limit up 3x like wct lo

Posted by Johnchew123 > 2 months ago | Report Abuse

Parria stock ,rebound limited , MRCB last week plunge 50.5 sen , now 57.5 sen ,
Du parrria 36 sen ,now 37.5 sen , uselsss

Posted by Johnchew123 > 2 months ago | Report Abuse

Mrcb going to 74 sen soon, by End Sept ,excelent QR appear

laulau

421 posts

Posted by laulau > 2 months ago | Report Abuse

Morning Friends & Gentlemen!
Don't forget about the 4 parcels of TOD land purchase by Ekovest all along RTS in Johor. Should be completed by now?

https://www.businesstoday.com.my/2023/10/28/ekovest-bets-big-in-johor-with-proposed-rm310-million-land-purchase/

soon9913

2,820 posts

Posted by soon9913 > 2 months ago | Report Abuse

they have plenty of lands in Johor lo.

soon9913

2,820 posts

Posted by soon9913 > 2 months ago | Report Abuse

tat purchased is part of the corporate exercise if not mistaken.

Posted by Johnchew123 > 2 months ago | Report Abuse

https://klse.i3investor.com/web/pricetarget/research/72534

Wanna invest,better invest MRCB

This paria Ekovest continuely lost 3QR = 1.2 bil , up also limited , down still not yet finish ,

TP = 30 sen

WE DOWNGRADE To SELL = 30 sen

I

fl888

7,749 posts

Posted by fl888 > 2 months ago | Report Abuse

Operators will play up gradually , knowing the Merger Proposal will materialise by hook or by crook by all the Limssss…

Bettyem

662 posts

Posted by Bettyem > 2 months ago | Report Abuse

今天t+2,那些5800万令吉的卖空者最好考虑一下他们将如何补仓......卖出量低于预期。稳定后上升趋势将再次启动

Boringguy

1,090 posts

Posted by Boringguy > 2 months ago | Report Abuse

New FY... Toll operation revenue and profit will be driven by Duke 1,2 and 3 with compensation defer toll hiking....construction division will be focus on RTS, new launch property.. disposal land value recognize in this new FY... listed IPO toll operation.. land acquired for 4 TOD...and merged between Ekovest, IWCity and knuaforsh.... personal think current price is very attractive covid time value.. as long below 0.40 will keep collect each month... wait the show happen and reward...

Posted by Johnchew123 > 2 months ago | Report Abuse

https://www.isaham.my/blog/pengenalan-kepada-regulated-short-selling

RSS = time allow hold 12 month

Posted by Johnchew123 > 2 months ago | Report Abuse

https://www.bursamalaysia.com/misc/missftp/securities/securities_equities_rss_20240830.pdf?t=1725253300
Today market almost all contruction n property up , market sentiment good a bit
RSS trader can pinjam again share to Short SELL , base on this parria chart movement , chart show down trend ,

This parria stock rebound also limited , see also know already ,so down trend still a lot . TP = 30 sen

3 QR lost 1.2 bil ,gRSS trader can do short sell

laulau

421 posts

Posted by laulau > 2 months ago | Report Abuse

Friends & Gentlemen! After A Storm, Rainbow 🌈 will appears soon!
Take notice that even Notion which has been shorted down has Rebound! So can Ekovest, since all bad news has been discounted by Market!

Notion VTec shares rebound, up 24%
https://theedgemalaysia.com/node/725154

cK1973

1,965 posts

Posted by cK1973 > 2 months ago | Report Abuse

good EP range now....
I think will go back to 50....
Need a bit of time....

soon9913

2,820 posts

Posted by soon9913 > 2 months ago | Report Abuse

tomorrow morning open will break 40cents

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