EKOVEST BHD
KLSE (MYR): EKOVEST (8877)
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Last Price
0.41
Today's Change
+0.005 (1.23%)
Day's Change
0.40 - 0.41
Trading Volume
8,456,900
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Discussions
31 people like this. Showing 50 of 70,676 comments
Fundamentally still solid for ekovest after secure RM 2billion RTS project while awaiting SPE concession to fully come on these year.
4 weeks ago
beware, bursa have classifying iwcity as an affected listed issuer pursuant to Paragraph 8.03A(2)(b) of the Main Market Listing Requirements of Bursa Securities (no core business, only occasionally rely on land disposal), it need to regularize and running business instead of waiting for land disposal.
4 weeks ago
In contrast, ekovest is totally different from iwcity although share price always move in tandem. Ekovest own and operate DUKE 1 and 2, now awaiitng 7 year gestation period to be end by year end to list in bursa, unlocking concession value. Ekovest also own anther concession, SPE, worth RM 3.7 billion, now only partially open for toll collection, and expect fully open these year. Its construction division also secure RM 2 billion RTS link and Ekocheras mall is profitable mall.
4 weeks ago
To ekovest, aside HSR is key catalyst to move up price, listing DUKE 1 and 2 (ekovest 60%: EPF 40%) and completion SPE are both also catalyst to unlock ekovest deep value
4 weeks ago
hng33
To ekovest, aside HSR is key catalyst to move up price, listing DUKE 1 and 2 (ekovest 60%: EPF 40%) and completion SPE are both also catalyst to unlock ekovest deep value
couldn't agree more!
4 weeks ago
trader who enter above 42 last Thursday had to cut loss below 39. QR will decide the direction of this week.
4 weeks ago
Yup, many expect HRS, but budget constraint limited gov now. However, its matter of time for gov to resume HRS as growing concern over Thailand and Singapore keen to up to China to speed up trading under RCEP.
4 weeks ago
Budget wont mention HSR. HSR need Spore agreement. News about to study the feasibility of HSR is enough to start the engine
4 weeks ago
RTS contract RM 2 billion secure in June 2022 should start kick in some contraction profit
4 weeks ago
MichelleNg, IB block u from buying iw?
In fact, I missed the upside from 0.28 to 0.39, I sold all at 0.285 one mth ago.
Reason why I don't reenter when it drops to 0.265/0.27+-, because of the listing status, due for some planning need to submit to Bursa in order to keep its listing status. So, hence, I hold back my buy on this until after end March2023. Hihihi.
Give it a miss lo. Nvm one. Still got other bb.
In fact, 28-39 is alot... In terms of %. 35% hihihi.... Missed the boat lo.
Can find out why IB block u from buying? When was it?
4 weeks ago
Ekovest continue under transition phase in which tailing end of construction SPE drag down profit, while awaiting opening full toll for collection to boost up profit later after full SPE completion. Finance cost from concession remain big eroding factor offset most of the profit generating. Ekovest is due to unlock DUKE1 and DUKE 2 through listing, unlocking value by pare down debt, boost up profit margin from toll collection
4 weeks ago
https://www.nst.com.my/news/2017/01/205632/ipo-duke-could-take-place-within-seven-years-says-ekovest
is 7 years now! wait until neck long still no action
3 weeks ago
Tailing end expenses are acceptable with open arms because of the nature of highway contructions. Just hope that toll collections can be effected soon.
3 weeks ago
Ekovest used to be a growth construction stock engaging in civil engineering but over the years with diversion into potpourri of unrelated business. Ekovest has turned into a holding companies holding shares in the Food & beverages , Plantation, Tolls, mega property projects, Malls, Durian farms and others. Lim is the founder and also MD for the gigantic Iskander waterfront holdings.
2 weeks ago
陆兆福过后在记者会答询时说，目前有许多单位对新隆高铁计划有兴趣，但交通部还没接获任何完整的企划书。“我们对是否重启这项计划还没有任何决定，但是我们并不阻止（私人业界推动），首相已经指示我们可以讨论，并开放让私人业界提交企划书。”
2 weeks ago
no private company will take a huge risk to build this and see the return in 100 years. lol.
2 weeks ago
which big boss will be the first? YTL, GAmuda, MRCB, Ekovest, IJM, WCT？ China？ Japan？ Qatar？
2 weeks ago
Bandar Malaysia alive again , hold tight tight, we will have a lot of good news about HSR and BM
2 weeks ago
Don’t simply follow people…
https://www.facebook.com/reel/1281938242437131?mibextid=0NULKw&fs=e&s=TIeQ9V
2 weeks ago
Income is right. Analysis, analyze, FA or TA, buy on rumour sell on news? ... etc. Must be careful. Don't rush. Make good decision and go for mid long term. Don't PUNT else, win 100 times, and 1 time gone into longkang.
2 weeks ago
January 20, 2017 KUALA LUMPUR: Ekovest Bhd’s plan to list the Duta-Ulu Kelang Expressway (Duke) is on schedule with the initial public offering (IPO) expected to take place within seven years.
“The IPO plan is ongoing (but) depends on the market (conditions),” Ekovest managing director Datuk Seri Lim Keng Cheng said after the company’s extraordinary general meeting (EGM), here, yesterday.
The listing of the highway is part of the deal when Employees Provident Fund (EPF) bought a 40 per cent equity interest valued at RM1.13 billion in Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi), a wholly-owned subsidiary of Nuzen Corp Sdn Bhd.
Nuzen Corp, in turn, is the wholly owned subsidiary of Ekovest.
Lim said Duke Highway’s exit payment condition was RM149 million, either to be listed (on Bursa Malaysia) or trade sale to a third party to generate a return of at least 11.5 per cent for EPF and Ekovest.
“When that happens, Ekovest will be entitled to take the RM149 million, plus the accrued interest rising from the amount,” he said.
The listing, according to the shareholders’ agreement, is within seven years.
“We are waiting for the toll to be operational to be able to gauge the cash flows and then pick the right timing to go for listing,” Lim added.
While Phase One of Duke (DUKE1) is already operational, Phase Two of uke (DUKE2) is set for completion by mid-year.
“Phase Two is 95 per cent completed and we have started inspection with the highway authority. The (remaining) five per cent is for inspection, testing and commission,” he said.
1 week ago
The listing, according to the shareholders’ agreement, is within seven years. ?
so, postpone ? or must completed before 2024?
1 week ago
IPO listing will need some 3 to 5 years data before it can be approved, am I right?
3 days ago
The Malaysian government has met with several private sector parties to "gauge their interest" in pursuing the canned KL-Singapore high-speed rail project.
According to The Edge Malaysia's report on March 27, five companies were invited for a meeting recently. They are MMC Corp, WCT Holdings, Berjaya Group and Malaysian Resources Corp.
The Edge Malaysia points out that Gamuda, which has undertaken most of the big infrastructure projects in Malaysia, was not involved.
However, The Edge Malaysia, citing an unnamed source, says that it is a matter of time before Gamuda and other construction companies such as IJM Corp and Sunway Construction will have similar meetings.
Transport minister Anthony Loke was reported as saying on March 8 that the Malaysian government is open to reviving the HSR project. "But it must be a private sector project."
The HSR project, meant to link Singapore and KL, was put in motion under former prime minister Najib Razak but was terminated in 2021 by former prime minister Muhyiddin Yassin.
1 day ago
50cents, oh.... good news. buy on rumours, sell on news or? will hit 50cents soon
5 hours ago
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hng33
Still monitoring, ekovest weakness likely due to absent of news development on HRS in budget. Currently, portfolio is fully pack by other stock, need time to free up some first before re-enter
4 weeks ago