btw when the source is bloomberg, i kena many many times already...fresh after MMC privatisation, bloomberg reported KPJ privatisation. Totally fake news. Hentam saja and died. Of coz later on recovered by itself la
HOWEVER, this one is quite real in that Feb'26 is an extended deadline already...and they DO have the highway ripe for sale or listing. Bloomberg is shark pushed news, but it's also a reminder they do have a prized asset to sell ya
Refresher Duke 1 & 2 - 60% owned, new fake news report selling for 5B Duke 3 - 100% owned and in operation Duke 2A (Istana Link) - Govt hasnt awarded this ~3.8B contract
If 5B sale materialises, that's one key hurdle removed for Ekovest to move forward. I would also buy big on Knusford becauuse upside is huge once LKH has the funds to complete the exercise. 5G also give to UMobile not Maxis. U think TMJ in Knusford it can go bad? Dont play play
Please also bearn in mind that under Ekovest Balance Sheet, there are 5-6bil of sukuk. But out of this 5-6bil sukuk, got 2.5bil is under Kesturi. When Ekovest dispose its entire holding on Kesturi, the 2.5bil will be remove from Ekovest as well. So Ekovest debt will be reduce substantially, and at the mean time if the buyer purchase with cash, Ekovest cash will be increase by RM3bil.
Debt will be carried for Duke 3 which really is a pretty good highway...If they can do 5B for this, Duke 3 100% owned min. valuation 3.5B, probably 7B if they hold till listing
>UncleFollower dont like that...people who stuck at 50-60 or even higher than 60 howwww?
Dear Uncle, i agreed with you. Investors have to apply their own strategies, nothing is 100% correct and 100% wrong. All investment tools have risk, sendiri responsible nia. Good luck to all investors. Cheers. Profit taking kick in.
Botak: (Nov 7): Malaysian tycoon Lim Kang Hoo is exploring selling his toll-road business, in a deal that could value the assets at as much as RM5 billion (US$1.1 billion), according to people with knowledge of the matter.
Sell with debts one. RM5B will be the net income. Inmagine EPF bought 40% duke 1 and 2 in year 2017 at Rm1.12b... And they want about 10% a year.. They need to pocket at least Rm2b in order to get their approval.
Actually, based on Year 2020 news report, initially whereby Ekovest plan to listed Duke 1&2 and SPE, whereby Ekovest plan to offer 25% share of its highway concession to raised RM3bil. IF 25% = RM3bil, then 100% will be RM12bil.
Below is the caption of the news:-
"The enterprise value for the three highways was about RM11 billion to RM12 billion, he said.
"Twenty-five per cent of the total enterprise value is about RM3 billion and we can raise that amount to pare down the debts and allocate some for working capital purposes.
I think LKH planning is like this. Dispose the concession asset to reduce the debt. The merger Ekovest, Knusford and IWCTY. Convert Ekovest become a giant congloramate, position itself as the ideal JV partner for any China Company, and holding 4000 acre prime landbank in Johor to develop for next 30 years.
Parria stock ,rumour in also can”t move, mean fake news , if this 5 bil disposal happen Sendai or Mrcb ,2 day at least up 10 sen, Rubbish ,useless stock ,wasting time , 40 sen also stay above
40 sen need stay above at least 3 day , if not , all is uselss , rubbish ,uselss ,wasting time , 1 day show up 2 sen , T+ 3 force selling will back gurantee back to 37 sen again
This parria stock plunge below 40 sen since early August , after that didn’t stay above 40 sen , till today , If this parria want go further to 50 sen First need stay above 40 sen n tahan 3 day no drop below 40 sen ,if not , all good news is uselss rubbish , really call a Parria stock
The facts remains the same. Accumulate on any weakness, the show is just beginning with more news release?
Malaysian Real Estate Magnate Gets Ready To Tap Prized Land Bank
Malaysia’s expanding economic ties with Singapore have made the southern state of Johor, where a new special economic zone is to be created, an investment hotspot for its tycoons. (SJ-SEZ to be signed on 8 December.)
Notable among them is property and construction magnate Lim Kang Hoo, whose firm, Ekovest Construction, a unit of his listed Ekovest, was awarded a nearly 2 billion ringgit ($422 million) contract in 2022 to build a rail link between the two neighbors that is now nearly two-thirds complete. (RTS Link to be completed soon by Ekovest)
Looking to leverage his group’s massive land bank in Johor, Lim announced a restructuring plan in September to consolidate privately held Knusford and Iskandar Waterfront Holdings as well as listed Iskandar Waterfront City (IWC) under Ekovest. (Once LKH monetize Duke 1&2, Ekovest will have the cash for the Merger Plan which is in progress?)
Situpid guy theyoungman kena stuck 53 sen ,n average down 48 sen ,45 sen ,43 sen 40 sen , bodddoh punya org , this parria stock plunge below 40 sen since early August till today ,almost 4 month, didn’t stay above 40 sen ,never stay before 1 day about 40 sen, situpid guy theyoungman kema stuck since early Feb 2024
Wa sudah cakap early ini fake news , first day up 2 sen , second plunge 1.5 sen Wa bagi u org tau Only QR NoV will determine it direction
1 ) Net loss , this parria stock will trade below 40 sen until 31 Dec 2024
2 ) net profit , will trade 40 sen - 50 sen for month Dec,
This paria want move further up , First criteria need break up 40 up n stay above 40 sen at least 3 day, If wa are u , wa will wait until break up 40 sen only go in , no need wasting time follow this situpid guy buy on deep , kena stuck 53 sen already 10 month since Feb 2024
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
UncleFollower
1,742 posts
Posted by UncleFollower > 2 weeks ago | Report Abuse
You guys are amazing. So quiet at 34.5. Now only I know Ekovest got so many bilis like us 🤣🤣🤣