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.
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..
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.
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.
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
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.
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...
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!
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....
ExecutionTrade
123 posts
Posted by ExecutionTrade > 2 months ago | Report Abuse
Iwcity is green and I think Ekovest will be green too