New royalty only applicable for new contract la...how to renegotiate the binding contract? Psc contract is not entered in good faith?

Why need cash call? By end of q1 cash reserve should be 220 to 230m. By end of dec. Most probabbaly 300m and above. No loan. Capex of 40 to 50m in usd wont require hib to inject immediately. But progressively over 1 2 years. Every quarter still generating handsome operating cash flow. Analyst had on 19/9 updated their report that 3 offload have been done in this quarter. Revenue will be at least 250m. Q1 will be a new fy to really see how much they earn from. Just be patient. Its supported by figure and fact. No need 85 or 90 in oil price. 75 is good enough for hib

How much cash reserve will go up this quarter. Wait and see. What to worry of internal funding. 2 years 200m progressively la

No need worry 1st q result. 250m and above. 3 offtake confirmed by analyst.

It was reported that HIBISCS has completed 3 liftings in 1Q19 across both assets, 2 from Anasuria and 1 from North Sabah.

The management is prudent in managing comoany financial position. Cash reserve will be growing to back the debt which will be used to finance the opex and etc. This is a good sign.

Soon this share will be targeted again. Nothing much stocks will have good quarterly earnings

After goldsanch. Morgan also revised oil price upward i.e. 85 for 2h18

CYQ2 result should be good. Profit should be around 75m

Extra supply to cover venu and dmd pick up in 2H. Thats why oil price not down but up. Also bcos market doesnt not believe they can supply extra 1m. As some ald produce at max cap

2H typical high demand in oil

Inventory built up

Production will increase price will down but not to 50 - 60. Shall be stay at above 70

Brent will be at the rangeof 75 to 80. Too high lead to inflation. Over manipulate the brent for aramco ipo will tough for investor to value the ipo. Analyts reports forecast range at 60 only. A correction after a 20% increase is a must. Need not so worry. Stabilize at 70 and above will be very good to oil players

Support by high oil price

Ready for low cost project to cheer for ajiya share price

https://www.cnbc.com/2018/05/08/oil-prices-fall-as-the-market-awaits-trumps-iran-nuclear-deal-decision.html

Inverse relation btwn Oil price and usd getting weak. Will benefit hibiscus.

Scare irb look after eko.

Xi statement is clear. No more down trend for kesm

https://www.cnbc.com/2018/04/09/chinese-president-xi-jinping-speaks-at-boao-forum-for-asia.html

Ar this range of price. Changes in the price will cos u huge loss or gain. So dont rush. Make a right call at this violatile market

25% fund 60% lkh and family? Retailer own very little only

Ya. So many cheap stocks now. Cash in king no rush to buy

Yes. But now up to the market. Today this friday. We do not know what happen to us market tonight. Wait and see still...no rush

Yes. Wait and see approach now rush

Trump seeks an additional $100 billion in tariffs against China in escalation of trade confrontation

Nothing to discuss the price. No one can predict. Valuation for hughway division getting higher.

U guys sell funds buying

https://www.reuters.com/finance/stocks/financial-highlights/EKOV.KL

If parliment disolve tmr then 6.3b project can not pen d

Eko still need FM to support their highway projects. What to punish?

KUALA LUMPUR: Ekovest Bhd has no plans to revisit its take over offer for Iskandar Waterfront City Bhd (IWC) after the deal fell through.

"As the management, we respect the shareholders' decision. We'll not revisit the thing. We will go back to our core business and infrastructure expansion, in line with our Duke masterplan and River of Life project," said Ekovest managing director Tan Sri Lim Keng Cheng at a press conference after its EGM here today.

During the EGM, 69.2% of Ekovest shareholders representing 439.82 million voting shares voted against the deal.

However, he reiterated that valuations are cheap for IWC despite rejection from Ekovest minority shareholders.

Meanwhile, Ekovest executive chairman Tan Sri Lim Kang Hoo said the deal would have gone through if it is not a related-party transaction.

"If it is not related, it is done already. It's a different story."

KUALA LUMPUR: Ekovest Bhd has no plans to revisit its take over offer for Iskandar Waterfront City Bhd (IWC) after the deal fell through.

"As the management, we respect the shareholders' decision. We'll not revisit the thing. We will go back to our core business and infrastructure expansion, in line with our Duke masterplan and River of Life project," said Ekovest managing director Tan Sri Lim Keng Cheng at a press conference after its EGM here today.

During the EGM, 69.2% of Ekovest shareholders representing 439.82 million voting shares voted against the deal.

However, he reiterated that valuations are cheap for IWC despite rejection from Ekovest minority shareholders.

Meanwhile, Ekovest executive chairman Tan Sri Lim Kang Hoo said the deal would have gone through if it is not a related-party transaction.

"If it is not related, it is done already. It's a different story."

Those who will attend the egm pls do update us. Tqvm.

D.T. try to minimize impact of usd when petroyuan when take place...

miker you can try lodge a complaint to SC in relation to FH

Tan Sri Lim Kang Hoo must rely on the judgment of minority stakeholders to vote on the acquisition of the Tebrau land

PETALING JAYA: At the heart of Tan Sri Lim Kang Hoo's proposed reorganisation plan is the question of valuation on 1,000-plus acres in Johor.

According to the circular to the shareholder, the land has a potential market value of RM3.6bil or RM84.49 per square feet (psf), for which Ekovest Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

shareholders will be able to acquire at almost 25% of its price.

Based on the share swap or cash offer of RM1.50 per Iskandar Waterfront City Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(IW City) share, Ekovest will pay about RM1.24bil or RM28.81psf.

Lim, who holds 38% of IW City is not part of the deal, which is to facilitate the eventual listing of Iskander Waterfront Holdings Bhd.

The minority shareholders of Ekovest will decide on the proposed transaction by the end of this month in a meeting where Lim and parties acting in concert that control just over 50% of Ekovest cannot vote.

The voting will boil down to institutional shareholders that have bought into Ekovest, now a construction, highway and property developer of prime urban land with easy access to the DUKE Highways.

At the moment, Ekovest has assets that generate cash-flow, six ongoing property projects in the Klang Valley with a gross development value of RM7bil and 39 acres of land on the fringe of the city for future development. The River of Life project will continue to be a means for it to get more land in the city around the Klang River.

The toll road division has a strong shareholder in the Employees Provident Fund (EPF).

So why would the minorities agree to a deal to buy 1,000 acres of waterfront land in the the Tebrau area in Johor?

At the moment, IW City, which has positioned itself as a master developer, is cheap if one looks at the potential development value it can generate. But at the same time, many property counters are also cheap because the sector is not the flavour of the month.

The promoters of the deal are also saying that Ekovest shareholders will get to enjoy the upside benefit from the development of 127.92 acres spearheaded by the Greenland group and any future land acquisition by the state and also private developers.

Greenland sealed the deal with IW City to acquire the land in 2015 for RM2.37bil. So far one payment has been done and the remaining is to be paid in instalments. According to IW City’s announcements, one instalment of RM46.3mil is due this month and another next month.

It is a long-term project entailing a development that will go on well beyond 2020. IW City is to be paid for the land in instalments.

In the meantime the minorities of Ekovest have to decide if they can do without IW City.

The institutional funds led by the EPF, which has almost 6.5% in Ekovest, hold in total more than 18% of the contractor and toll road operator. Apart from the EPF, the other notable institutional shareholders are AIA Bhd, Kumpulan Wang Amanah Pencen and Public Mutual and Prudential.

Convincing these institutional shareholders is the key for Lim to re-organise his companies and see the eventual listing of IWH.

Read more at https://www.thestar.com.my/business/business-news/2018/03/16/minorities-of-ekovest-hold-key-to-reorganisation-plan/#6DMVphgk86xvs6ci.99

To be fair. Ekovest has been given a high return (including special dividend) to sharesholders if you bought in 2015.

Institution shareholdings @ 22.89%

alliance steel vs excess

i'm referring to additional output from us itself after post tariff (import will reduce)...what will happen to the export output...currently, steel did not shortage in global market. im holding annjoo, but this is something critical factor to consider.

I'm worry of excessive of steel output after tariff imposed as new output will growth at us itself.

EPS FOR FY17 IS 40.52

Good move by eko management to finance toll construction upfront...

Can you share the research report ?

Any comment on Q218 result?

https://www.nst.com.my/business/2018/01/328438/ekovest-may-list-highway-asset

tq

can anyone share the annjoo initiate covering research report by TA?