KLSE (MYR): ECOFIRS (3557)
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0.34 - 0.355
Financial Year 2020
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KUALA LUMPUR (Jan 24): Signature International Bhd’s co-founder Datuk Michael Chooi Yoey Sun has emerged as a substantial shareholder of EcoFirst Consolidated Bhd, confirming The Edge Weekly report in its Jan 17-23 edition.
According to a statement on Monday (Jan 24), Chooi, who is also a major shareholder of Scanwolf Bhd, has acquired 20 million EcoFirst’s shares or 1.72% direct stake from the open market in the last two weeks.
He then further acquired another 40 million shares or 3.44% indirect stake via an off-market transaction through Wawasan Fokus Sdn Bhd.
In total, Chooi has a 5.16% stake in the property company.
“Chooi is best known for co-founding Signature Kitchen with his partner Tan Kee Choong back in 1994, where they supplied and installed built-in kitchen and wardrobe systems.
“Signature International was subsequently listed on the Main Board of Bursa Malaysia in 2008.
“Known as a sales and marketing specialist with almost 30 years of experience, Chooi grew Signature Kitchen, where its kitchen cabinets soon made [their] mark in upmarket property projects. Signature also made inroads abroad via some 15 different markets,” it said.
Datuk Michael Chooi Yoey Sun, co-founder of kitchen cabinet and wardrobe systems manufacturer Signature International Bhd, has emerged in EcoFirst with a 5.16% stake.
Within corporate circles, Chooi is known for his sales and marketing prowess particularly in the property and construction sector.
His emergence in EcoFirst follows his acquisition of a 12.878% stake in Scanwolf Bhd last September. Scanwolf is a Perak based company involved in property and plastic extrusion.
Now Chooi appears to have his eyes set on EcoFirst.
Investors are starting to notice undervalued property stocks after years of doldrum. Some of these property companies own huge tracts of land bought at deep bargains.
With the return of the talks about MRT3, EcoFirst could be a beneficiary.
EcoFirst’s land is right next to MRT3. Prime land bought at cheap cost.
EcoFirst is looking to make a comeback, anchored on the good location of its landbanks as well as the affordable prices of its properties.
Read more here:
"We still have 80 acres left with a gross development value (GDV) of some RM9bil over a 15-year period"
Good fundamental! Chart looking good. Retrace but go higher high and higher low. Uptrend stock!
buy warrant now warrant 20cent+40cent=60cent, buy warrant equal to buy mother share now.
buy buy buy! don't miss the train!!! TP RM1.20 !!
1) the chart is very good and based on fundamental analysis.
2) I heard big project coming in. as you can see today open market high already.
so buy now before too late!!! GOGOGO
hopefully limit up soon !
suddenly reverse ... dunno what happen?
no power ,follower then reverse
mana ada limit up? so red... kena con d
usually when they have big project coming up, the people behind will do things like this. so it is the best time to buy more. I have looked into many charts, and if you panic you will lose
big project coming... wah really..then must hold tight tight :)
director disposed so many shares... share price cannot move up lo
What director sell so much shares? He's not looking good to his own company? Haha
worst performing property counter today... lousy
klseexpert222 let seee your experience proof it right or not
klseexpert222 pls share your expert thought on this?
rebound from bottom?
second round goreng coming...............
Run run run!!!!!
hari ni rebound hijau
berebut rebut pump -wd
-wd 0.105 kutip sikit sikit
kaunter ni selamat , peluang nak rebound sangat cerah
kutip kutip -wd untuk masa hadapan
daripada beli dekat puncak , lebih baik kutip kutip dekat bottom , sanggup tunggu sampai 22/07/2026 untuk rebound
-wd sudah 0.110
kaunter billionaire masa hadapan
i wan become billionaire
imvu help me push higher price
-wd hari ni hijau , besok hijau , hari hari hijau
buy wd atau ini??
otw rebound , minggu depan gap up limit up
imvu reli ???? i want limit up
yay hari ni hijau , besok hijau , minggu depan hijau , bulan depan hijau , tiap tiap bulan hijau :)
wah , memang terbaik lah kaunter ni , kaunter billionaire
target price brp??
more people buy house now..................tp 70cents before merdeka
got any news about ecofirst?
Something Big is brewing. Hop on guys =)
Look like they r controlling and not let the price go up so fast.
hehe you will know soon =)
Waiting @ 0.32
close shop.. wait 3years.
2 months ago
something seems to be brewing in this counter.
1 month ago
limit up , go go go