EKOVEST BHD
KLSE (MYR): EKOVEST (8877)
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Last Price
0.375
Today's Change
-0.01 (2.60%)
Day's Change
0.37 - 0.385
Trading Volume
23,625,000
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
0.375
Avg Target Price
1.16
Upside/Downside
+0.785 (209.33%)Price Call
0
SELL
0
HOLD
1
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
34 people like this. Showing 50 of 75,209 comments
RM291b investments realised for Iskandar Malaysia, says IRDA
https://theedgemalaysia.com/node/723462
4 days ago
Ekovest is a Hidden Gem! Recommendation: Buy while still cheap before news is out!
https://theedgemalaysia.com/node/703441
https://www.bharian.com.my/bisnes/lain-lain/2024/01/1207076/kemajuan-pembinaan-projek-rts-link-mendahului-jadual-asal
https://ekovest.listedcompany.com/newsroom/The_Edge.pdf
Below Fair Value: EKOVEST (MYR0.39) is trading below our estimate of fair value (MYR1.09)
Significantly Below Fair Value: EKOVEST is trading below fair value by more than 20%.
Price-To-Sales vs Fair Ratio: EKOVEST is good value based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).
Construction project undertaken by Ekovest Group such as DUKE Phase 1, DUKE Phase 2, Ministry of Education Buildings in Putrajaya, Shapadu Highway and currently, Setiawangsa-Pantai Expressway (SPE).
Ownership Breakdown
#State or Government 0.611% 18,125,800 shares
#Private Companies 12.9% 383,654,132 shares
#Institutions 14.3% 424,660,379 shares
#Individual Insiders 22.6% 670,645,218 shares
#General Public 49.5% 1,468,325,273 shares
3 days ago
Is It Time To Consider Buying Ekovest Berhad (KLSE:EKOVEST)?
What's The Opportunity In Ekovest Berhad?
Great news for investors – Ekovest Berhad is still trading at a fairly cheap price. Our valuation model shows that the intrinsic value for the stock is MYR0.77, but it is currently trading at RM0.39 on the share market, meaning that there is still an opportunity to buy now. Another thing to keep in mind is that Ekovest Berhad’s share price may be quite stable relative to the rest of the market, as indicated by its low beta. This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again.
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to grow by 41% over the next couple of years, the future seems bright for Ekovest Berhad. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
What This Means For You.
#As a Shareholder?
Since EKOVEST is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.
#Are you a potential investor?
If you’ve been keeping an eye on EKOVEST for a while, now might be the time to enter the stock. Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy EKOVEST. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed investment decision.
3 days ago
Iwcity going to suspend n close shop soon , 1 more month to go , botak sudah headache ,will affect this parria Ekovest movement , up side also limited , expect 50 sen saja , once JS-SEZ sign official agreement on SEPT
IWCITY close shop , merger also koyak
3 days ago
Who is Lim Kang Hoo, Ekovest & The Johor Theme?
https://www.forbes.com/profile/lim-kang-hoo/
https://klse.i3investor.com/web/blog/detail/dailypulse/2023-12-14-story-h-212428642-Good_times_for_EKOVEST_IWCITY_with_Johor_Sultan_coming_in_as_King
https://theedgemalaysia.com/article/%E2%80%98sultan-johor-and-lim-sell-land-merged-iwh%E2%80%99
https://azlyrahman-post.blogspot.com/2014/06/sultan-of-johors-business-empire-all.html?m=1
2 days ago
Morning Friends & Gentlemen!
Let's Be Honest. Why Are We All Here At Ekovest???
#There's money to be made from Ekovest & Johor Theme Play.
#Ekovest has fallen almost 39% from its 52 week high of 0.62 to 0.385 partly due to earlier Dow Jones uncertainty & possible threat of Iran retaliation which has been minimized.
*Note:
https://www.wsj.com/livecoverage/stock-market-today-fed-minutes-live-08-21-2024
#If you study Price Trends, Ekovest moves in a series of Ups & Downs. Presently already approaching 52 week low. #Syndicate members are working overtime to collect from uninformed Retailers who holds 49.5% of Ekovest?
#If you look at present situation, none of Substantial shareholders sold their share in this period as they know something is brewing at Ekovest & Johor Theme Play.
#Since Substantial Shareholders are not selling, Syndicate can only collect from weak holders & retailers through a series of Lefthand to Righthand Plays before the next Pump!
#Veteran Players from Berjaya should recognise this type of Modus Operandi?
If you have benefited from my previous Recommendations, Best Time to Accumulate is during times of Weakness with minimum Risk at 52 week Low! mainly Thanks to helping hand from Syndicate! As the Johor Theme Play Game is just Beginning, let's ride the next Wave Upwards together in a Win-Win Situation!
Ownership Breakdown
#General Public/Retailers 49.5%
#Individual Insiders 22.6%
#Private Companies 12.9%
#Institutions 14.3%
#State or Government 0.611%
Top 25 shareholders own 50.48% of the company
Lim Kang Hoo 18%
Ekovest Holdings Sdn Bhd 10.1%
Norges Bank Investment 4.58%
Chang Chiang Khoo 3.51%
Lim Seong Hai Holdings 2.89%
Affin Hwang Asset Management 2.59%
Dimensional Fund Advisors LP 1.51%
Hong Leong Asset Management 1.34%
Kenanga Investors Bhd. 1.12%
UOB Asset Management (Malaysia) 0.74%
AMMB Holdings Bhd, Asset 0.71%
Bank of Singapore Limited 0.63%
Pertubuhan Keselamatan Sosial 0.61%
Yew Choo Yeoh 0.52%
Hoe Lim 0.48%
Allianz SE, Insurance Investments 0.42%
Kenanga Islamic Investors Bhd
0.31%
American Century Investment 0.17%
Chen Lim 0.12%
TA Investment Management 0.065%
State Street Global Advisors, Inc. 0.063%
BOS Wealth Management 0.054%
Khai Wong 0.025%
Mackenzie Financial Corporation 0.012%
Boston Partners Global Investors, 0.0049%
2 days ago
Tulis banyak pun tak guna, lets price speaks itself. Now sideways, its the fact. But its a good price to re enter. Not waiting game only. No money just stay away. Stocks is game for those got surplus in pockets. Who use loans sure got slaughter, yesterday tv3 shows one Chinese boys killed parent at nilai because of stock. Hope comrades here stay healthy and prosperous
2 days ago
this is a PKM punya counter !!
insiders pakat with conman siput + conman analysts to cheat / slaughter retail players !! 😡
2 days ago
Really unexpected for the price to drop until now... i think those who are selling are based on emotion and in lose position...one of the things is that the rumors covering this company are more negative plus the last two weeks global share market drop made more ppl cut losses and money on hand....calm down and think of it.. if is so bad the RTS project will award to Ekovest? and the progress until today almost 80%? if the LKH propose merger is not announce what will be price? if the propose merger is done what will be the price? who what is the value for this company?
2 days ago
dont you know potential rating downgrade for its highway assets ? https://theedgemalaysia.com/node/722324
2 days ago
dont you see they keep extending the merger plan? https://www.klsescreener.com/v2/announcements/view/7693191 it will not complete anytime soon ...
2 days ago
Ya.. i notice the new regarding the rating downgrade for its highway assets which is Duke 3 and the merger plan..but without that new what is the core price for Ekovest?....now the market is expect to merger or don't want merger? if merger no successful what is the value of the Ekovest? look at the share price today? disposal the 13 lands plus 4 lands and acquire the 4 TOD johor landed then how? so the price move because expect the merger no going to happen or is expect the going to happen?
2 days ago
Where did you get your 52 wks numbers? We believe this is the correct information on Ekovest.
52 Weeks Range
0.365 - 0.62
@pang72
Lagi sikit touch 52 wks low 30c..
Now, 38.5c jia you
1 day ago
Many Tks for highlighting your concerns for the benefit of everyone. But sometimes we also need to read the details?
@soon9913
dont you know potential rating downgrade for its highway assets ? https://theedgemalaysia.com/node/722324
"MARC highlighted that Duke 3 would need to address its tight liquidity position promptly by undertaking measures, among which is pursuing a sukuk restructuring plan within the next 12 months.
Some other measures could include a potential asset monetisation and the potential entrance of a new equity partner.
(These are interesting propositions that could be explored by Ekovest with Financial Institutions like EPF or KWAP?)
Nevertheless, MARC thinks the sukuk restructuring may be viable in view of Duke 3’s long concession period until Aug 5, 2069.
Duke 3 has sought sukukholders’ waivers for certain non-compliance of terms to make way for the sukuk restructuring exercise. It was noted that the company expects this to be resolved before August."
@soon9913
dont you see they keep extending the merger plan? https://www.klsescreener.com/v2/announcements/view/7693191 it will not complete anytime soon ...
"(“Proposed Waiver and Upliftment”) is only concerning IWCity and not directly affecting Ekovest which is only an interested party in the Regularisation/Merger Plan proposed by KH Lim?" Notice that the proposals by IWCity to Bursa consists of 2 Options (1). To submit & Implement a Regularisation Plan comprising of a Merger Plan? or (2). Application for Waiver on Regularisation Plan & Upliftment for IWCity (no Merger Plan?)
1 day ago
laulau, view iwcity regularisation plan and ekovest merger plan as one lo. it is corelated.. merger is for part of the regularisation plan also, defer the regularisation also mean defer the merger
1 day ago
there is possibility to call off the merger also, this is not their first time to cancel plan.... read the old news.. it is common for them to terminate the contracts
1 day ago
I believe everything is planned and controlled by the boss.
They purposely press down the share price.
I not sure what is their agenda but I am very sure the share price is being pressed.
1 day ago
Albukhary , you could be right! save some bullets to buy at 30cents..
it is possible.
1 day ago
Thanks for your view.
Read my sentence again. There are actually 2 0ptions available to IWCity which is the entity having issues with Bursa? Ekovest is actually the White Knight proposed by KH Lim to takeover IWCity through a proposed merger for Ekovest to tap into IWCity's Landbank in Johore?
"(“Proposed Waiver and Upliftment”) is only concerning IWCity and not directly affecting Ekovest which is only an interested party in the Regularisation/Merger Plan proposed by KH Lim?" Notice that the proposals by IWCity to Bursa consists of 2 Options:
(1). To submit & Implement a Regularisation Plan comprising of a Merger Plan? or
(2). Application for Waiver on Regularisation Plan & Upliftment for IWCity (no Merger Plan?)
@soon9913
laulau, view iwcity regularisation plan and ekovest merger plan as one lo. it is corelated.. merger is for part of the regularisation plan also, defer the regularisation also mean defer the merger
1 day ago
IWCity aside, we are more interested in Ekovest and what MARC highlighted in their Report as follows:
"MARC highlighted that Duke 3 would need to address its tight liquidity position promptly by undertaking measures, among which is pursuing a sukuk restructuring plan within the next 12 months.
Some other measures could include a potential asset monetisation and the potential entrance of a new equity partner.
(These are interesting propositions that could be explored by Ekovest with Financial Institutions like EPF or KWAP?)
Nevertheless, MARC thinks the sukuk restructuring may be viable in view of Duke 3’s long concession period until Aug 5, 2069.
Duke 3 has sought sukukholders’ waivers for certain non-compliance of terms to make way for the sukuk restructuring exercise. It was noted that the company expects this to be resolved before August."
1 day ago
like it or not, the news causing selldown.. if u think is right time, should buy more now
1 day ago
Yes... self-justification whether now is the right time or not...based on my view and discussion with my friend..it looks like fight between Johor and KL... suppose this will happen on 2020 and 2022.. but due to covid and lock down so everything postpone.. but my friend source said this time likely will on based on the recent move like selling off the land to airman and botak will excute his plan.. so KL on airman and Johor will be Botak....
1 day ago
You could be right! Just imagine the combination of Botak & The King will be formidable especially RTS under Ekovest already 80% complete. The Cash Flow issues from Duke 3 will be solved with a stroke of the pen to release resources to Botak to implement his Johor Gameplay?
1 day ago
regarding the duke3 issues.. i don't think is issues.. due to duke listed plan is on table and before 2026 needs to be executed....as per history botak plans always fail that why market doesn't put expectations on this and this is why the share price kena press 99 compare to last month from 0.43 up to 0.58.... so shareholder is expect and hope the deal on? or just the minor shareholder is stop it? if not excuted why sell the land to airman and airman own by who? what is the core value of ekovest? why sell off the land why don't develop the land where all the land is strategic land and why acquire johor 4 TOD land near RTS? all this my friend source share to him.. he said yourself think of it.. if risk then don't touch if you think botak plan is good.. then now is good timing can buy some and keep the show happen...so now is between johor and KL game.. so will botak win this time?
1 day ago
highway listing plan defer few times ady lo. 2025 perhaps a good year if they really plan in accordance with the plan to list the highway concesssion, not now or 2024
1 day ago
if iwcity is part of the economic special zone, will the valuation in the merger plan still applicable ? the land value of iwcity is still the same?
1 day ago
the merger might be abort also as those valuation/ proposals might no longer applicably after deferring such long time
1 day ago
as now they only provided general update on the merger plan, they would have details down the status if something is brewing to be happened.
1 day ago
@Boringguy Ekovest's acquisition of 4 pieces of TOD (Transport Oriented Development) near RTS could be developed in similar fashion as highlighted by this article?
https://www.nst.com.my/property/2023/09/954798/rts-link-game-changer-johor-bharu-real-estate-market
1 day ago
The DUKE highway book value is RM7.9bil in Ekovest accounts. It’s the main asset of Ekovest. Generating appx RM350mil revenue per year. Based on 2021 projection, Ekovest want to list it at RM11 - RM12bil value. If succeed, then there is a windfall of around RM3bil. That’s RM1 per share. So, buy and just wait until 2026.
https://www.pressreader.com/malaysia/new-straits-times/20200923/281762746689829
1 day ago
My guess is the merger plan is for LKH to increase his shareholding in Ekovest. He’s just holding about 33% now. After merger, his share will be more than 50%. That means he will profit more from the listing of DUKE. So, listing of DUKE will only happen after the completion of the merger & LKH increase his shareholding. The crown jewel in Ekovest is the 3 DUKE highways.
1 day ago
Expect price of Ekovest will stay low until LKH successfully increase his shareholder under the merger plan. Jackpot will only come after the merger and the listing of DUKE
1 day ago
@laulau... could be..i wish and expect on oct the acquire TOD is completed.. expected the coming QR report the 13 disposal lands will be recognized.. next qr will be additionally recognised on the 4 disposal land...that why with all this move.. is the show that Ekovest move toward to Johor development where they already disposal total 17 lands to Airman.. with all this move actually a bit weird.. if the merger no happen why disposal all those land? to recognize it? fyi.. the airman is under LSH which is another independant ekovest shareholder.. so what does it mean?
1 day ago
Interesting information. Need to do more research. Maybe can find more leads on LSH from this article?
https://theedgemalaysia.com/article/ekovest-md-lim-keng-cheng-trims-stake-ceases-be-substantial-shareholder
p.s.
1 day ago
https://www.straitstimes.com/asia/se-asia/malaysia-s-sept-target-for-johor-singapore-sez-deal-pushed-to-year-end
Johor theme play will not appear on Sept
15 hours ago
https://theedgemalaysia.com/node/701982
Last hope on QR August 28 , if net profit count in land disposal ,QR August should be showing , investor will treat this as good news , market sentiment should turn good next week onward slowly after Powell confirm rate cut on Sept
TP = 50 sen within 15 trading day after QR August announed ( QR August need come net profit )
15 hours ago
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Johnchew123
Selling should be finish this week , fund manager change portfolio , dispose contruction n utilities stock , buy in bank stock ,already 2 day since yesterday , Tomolo if bank stock plunge n side way until this month end ,turn contruction n utilities stock move up
4 days ago