Posted by anson938 > 2 months ago | Report Abuse

👍👍👍👍👍👍👍👍👍

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

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.

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

Posted by Eagle77 > 2 months ago | Report Abuse

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

Posted by Nickhew > 2 months ago | Report Abuse

gogogo ekovest

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..

Posted by fl888 > 2 months ago | Report Abuse

Bad qtr,uppppp….good qtr, downnnnn…..

Posted by anson938 > 2 months ago | Report Abuse

Limit up???

Posted by anson938 > 2 months ago | Report Abuse

Share movement normaly base on future performance!!!

Posted by Boringguy > 2 months ago | Report Abuse

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

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

Posted by soon9913 > 2 months ago | Report Abuse

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

Posted by soon9913 > 2 months ago | Report Abuse

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

Posted by GT8989 > 2 months ago | Report Abuse

no big volume beware..

Posted by soon9913 > 2 months ago | Report Abuse

price is low ady. MCO price.

Posted by anson938 > 2 months ago | Report Abuse

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

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,

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

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/

Posted by soon9913 > 2 months ago | Report Abuse

they have plenty of lands in Johor lo.

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

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…

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

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

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

Posted by cK1973 > 2 months ago | Report Abuse

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

Posted by soon9913 > 2 months ago | Report Abuse

tomorrow morning open will break 40cents

Posted by PhonkEnjoyer123 > 2 months ago | Report Abuse

Wowww..!

Posted by soon9913 > 2 months ago | Report Abuse

https://sg.news.yahoo.com/live/singapore-live-news-malaysia-singapore-special-economic-zone-deal-september-taiwan-southeast-asia-pivot-china-arrivals-decline-012603288.html

Posted by Johnchew123 > 2 months ago | Report Abuse

Dead cat rebound , wa pi pinjam share Short 38 sen , RSS Trader pinjam short 38 sen ,
Parria stock
TP = 30 sen , by END Sept

Posted by soon9913 > 2 months ago | Report Abuse

johnchew dont be regret if already cut loss.

Posted by soon9913 > 2 months ago | Report Abuse

now selling mco price lo, core biz is profitable and pending toll compensation from government also

Posted by soon9913 > 2 months ago | Report Abuse

conditions now is much better than mco lo, reovery of economy... finalising special economic zone which the group has huge land bands there

Posted by ExecutionTrade > 2 months ago | Report Abuse

johnchew will get hurt twice from buying and shorting Ekovest 😆

Posted by SLLEE5732 > 2 months ago | Report Abuse

CK1973
I support you !!!
EKOVEST will bounce back to
++0.500
ELOV

Posted by Johnchew123 > 2 months ago | Report Abuse

Better BUY MRCB , move to 70 sen very soon , this parria stock , until this month end 40 sen also cannot pass through ,
See August movement already know
Lost 3 QR = 1.2 bil , teriible

31/ 12 / 2023 close , 49 sen
KLCI = 1451 , today 1670 up 250 point ,

This pariaa today 37.5 sen , useless

Posted by Boringguy > 2 months ago | Report Abuse

RSS must be undertaken in a designated account and is subjected to the At-Tick Rule where sell orders must be placed at the best offer or higher. c. IDSS is a form of short selling that is utilised by investors to take up a short position on an intraday basis to fit their trading strategies where and when necessary.

Posted by fl888 > 2 months ago | Report Abuse

IDSS could have been over done by the traders ?

Posted by Boringguy > 2 months ago | Report Abuse

Yes... interesting..... depend short holder able to hold or not..look like die die want short... but the market collection is mood on....16 to 18 september will be see it...

Posted by pang72 > 2 months ago | Report Abuse

EKOVEST is the worst performance contractor touching 52eks low 35.5c...
So. It is the king of worst construction counter..

Posted by pang72 > 2 months ago | Report Abuse

57c drops to 37c..
Loses 30c..
35% capital wipe off..

How many retailers afford to this type of gambling stock..?

Too bad to you..

Posted by EVO118 > 2 months ago | Report Abuse

Don't fight the "falling knife" Just leave it alone & stay out of it. BAD NEWS !