KUALA LUMPUR (July 18): Ekovest Bhd, whose share price jumped 7.6% earlier today, making it one of the most active counters, is set to fetch about RM16 billion in gross development value (GDV) for its developments within the Kuala Lumpur River City (KLRC) riverfront development project as well as from a 30-acre land it will gain from a land swap deal with the government.

EKOVEST: Why you can expect the upwards rally will continue tomorrow https://klse.i3investor.com/blogs/changwt/128013.jsp

look at the 46k lots buy 1 at 1.05 unfulfilled before market ends. gap up tomorrow?

Bullish harami formed now...,

charts and reuters.com have proven that insiders are purposely pressing down the price to buy more

In short, analysis from bursa Share Investor station, and Reuters.com; have clearly showed and proven that 14th July's buy up (and not sell down), was by big sharks a.k.a. institutional holders.

knight, requesting your permission for me to include this https://drive.google.com/file/d/0B2qv6nGMgieleWoxQzk0dXBSYWc/view?usp=sharing as a supporting fact

Combine these two analysis below, and it makes sense. The buy ups, rather than sell down, on 14th July last Friday was by institutional holders.
http://klse.i3investor.com/blogs/changwt/127889.jsp
https://drive.google.com/file/d/0B2qv6nGMgieleWoxQzk0dXBSYWc/view?usp=sharing

Chart updated with a potential double bottom W breakout at the same support line 1.01
http://klse.i3investor.com/blogs/changwt/127889.jsp

http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=148337&bb=151719

http://www.thestar.com.my/business/business-news/2017/06/01/analyst-reports/#XG5T7yiXZTzIEflr.99

FOCUS ON THE GAME INSTEAD OF THE SCOREBOARD

WB always said, players must focus on the game (value of the company) and not the scoreboard (share price fluctuation). So, lets focus on the game here:

EKOVEST "considered valuation" since May 3, 2017

1) Duke 1& 2 (60% interest), UOB Kayhian estimates RM3.1b, so 60% is about RM1.8b

2) Construction orderbook to-date (excludes ROL) - RM13b. Estimated profit RM150m to RM200m.

3) EkoCheras Mall (not sure what is the cost of construction).

4) GDV for property, UOB Kayhian estimates about RM7b.

5) Duke 3 a.k.a. SUKE (let us leave this out for the moment).

(UOB in Sep 2016 esitmates (when order book was RM5.4b) the value at RM3.3b or RM1.55 vs Friday's closing of R2.2b or RM1.01

VALUE vs PRICE - RM3.3b vs RM2.2b

http://klse.i3investor.com/blogs/sosfinance/127893.jsp

the source is shareinvestor station
amended post here https://klse.i3investor.com/blogs/changwt/127889.jsp

https://klse.i3investor.com/blogs/changwt/127871.jsp

Why I can sleep well with this stock
1. Huge order book of RM 13.2 billion could sustain earning for next 5-6 years.
2. Tolls earning going to be stable and improving.
3. Potential IPO of its highway to unlock values.
4. Price sell down due to IWCITY cases, which give opportunity to enter back low.
5. UOB Research target RM 1.55.

GKent: Fantastic Breakout from Descending Channel with High Volume http://klse.i3investor.com/blogs/changwt/126135.jsp

Receipt of approval-in-principle for the proposed development of "Kuala Lumpur River City"

EKOVEST BERHAD

Type Announcement
Subject OTHERS
Description Receipt of approval-in-principle for the proposed development of "Kuala Lumpur River City"
Ekovest Berhad is pleased to announce that our wholly-owned subsidiary, Ekovest KL Bund Sdn Bhd had, on 21 June 2017, received the approval-in-principle from the Government of Malaysia for the proposed development of “Kuala Lumpur River City” located at Gombak, Sungai Gombak, Kuala Lumpur ("Proposed Project"). Further details will be made upon finalisation of the privatisation terms and conditions for the Proposed Project.

This announcement is dated 21 June 2017.

http://www.starproperty.my/index.php/articles/property-news/building-a-sustainable-future/

new ekovest call warrant issued by kenanga, due for few months only. expect this counter to perform well over the next few months. kenanga won't have picked ekovest if they weren't sure ekovest won't surge in short term.

http://www.theedgemarkets.com/article/kenanga-issues-12-new-call-warrants

selldown done. uptrend reversal trend confirmed.

The Board expects the ongoing construction of the DUKE Phase-2, toll revenue and the recognition of unbilled sales from property development activities to contribute to the Group's turnover and profitability in the current financial year. Further, the recently awarded master contract for the Setiawangsa-Pantai Expressway (SPE) (formally known as the Duke Phase-3) amounting to RM3.96 billion to Ekovest Berhad, is expected to contribute to the Group’s turnover and profitability.

Barring any unforeseen circumstances, the Board is confident that the Group’s performance would be better for the financial year ending 30 June 2017 as compared to the previous financial year.

Guys no worries

Looking at the previous 2 quarter reports, the management repeatedly said the same thing:

"Barring any unforeseen circumstances, the Board is confident that the Group’s performance would be better for the financial year ending 30 June 2017 as compared to the previous financial year."

http://ekovest.listedcompany.com/misc/quarterly_report_20161231.pdf
http://ekovest.listedcompany.com/newsroom/EBQuarter92016notes.pdf

However, talk of Wanda coming in has died down. The Edge heard that the Chinese authorities were not too pleased with Wang for what seemed like a sabotage of state-owned CREC’s deal, and IWH CREC were said to be back in the picture.

http://www.theedgemarkets.com/article/growing-tension-bandar-malaysia

However, talk of Wanda coming in has died down. The Edge heard that the Chinese authorities were not too pleased with Wang for what seemed like a sabotage of state-owned CREC’s deal, and IWH CREC were said to be back in the picture.

http://www.theedgemarkets.com/article/growing-tension-bandar-malaysia

KLCI to snap losing streak, recover on bargain hunting | The Edge Markets
http://www.theedgemarkets.com/article/klci-snap-losing-streak-recover-bargain-hunting

According to one Malaysian official who is in the Prime Minister’s entourage to Beijing, the change in Najib’s stance came after a meeting with Li.

“They met after the Wanda event. In his speech, Li made clear China’s wishes on Bandar Malaysia.

“Now the possible scenario is: IWH-CREC, Wanda and the Malaysian Government will jointly develop Bandar Malaysia.

“But the equity stake of IWH-CREC could be smaller,” said the official.

According to one Malaysian official who is in the Prime Minister’s entourage to Beijing, the change in Najib’s stance came after a meeting with Li.

“They met after the Wanda event. In his speech, Li made clear China’s wishes on Bandar Malaysia.

“Now the possible scenario is: IWH-CREC, Wanda and the Malaysian Government will jointly develop Bandar Malaysia.

“But the equity stake of IWH-CREC could be smaller,” said the official.

http://www.thestar.com.my/news/nation/2017/05/15/glimmer-of-hope-for-iwhcrec-master-developer-may-return-to-bandar-malaysia-after-talks-in-beijing/

Najib may allow IWH-CREC back in Bandar Malaysia

http://www.freemalaysiatoday.com/category/nation/2017/05/15/najib-may-allow-iwh-crec-back-in-bandar-malaysia/

EKOVEST – Stable growth with solid earnings visibility and a cash cow in the making

http://klse.i3investor.com/blogs/hleresearch/122659.jsp

from fred tam:

The steady close of two counters IWCITY and EKOVEST on Tuesday may suggest that the selling pressure has simmered down and they may see rebounds today (we label this rebound as a wave 5 rally).

"Negative sentiment could also spill over to IWCity's sister companies, eg Ekovest Bhd (buy on weakness, target: RM1.55), although any significant weakness in Ekovest should create the opportunity to accumulate," said UOB Kay Hian.

http://www.theedgemarkets.com/article/uob-kay-hian-expects-iwcity-s-shares-plunge-bandar-malaysia-sale-termination

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=79386&name=EA_GA_ATTACHMENTS

The ending notes of the bursa filing is hinting a good QR end of this month:

Forward-Looking Statements
The statement included in this press release, other than statements of historical facts, are forward-looking
statements. Forward-looking statement generally can be identified by the use of forward-looking
terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “seek,” or “believe.”
These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include
projections of our future financial performance based on our growth strategies and anticipated trends in our
business. These statements are only predictions based on our current expectations about future event.
There are important factors that could cause our actual results, level of activity, performance, or
achievements to differ materially from the results, level of activity, performance or achievements expressed
or implied by the forward-looking statement, including, but not limited to our ability to win additional
business. Although we believe the expectations reflected in the forward- looking statements are reasonable,
we cannot guarantee future result, level of activity, performance, or achievements. You should not rely upon
forward- looking statements as predictions of future events. These forward-looking statements apply only as
of the date of this press release; as such, they should not be unduly relied upon as circumstances change.
Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any
revisions to these forward-looking statements that might reflect events or circumstances occurring after the
date of this release or those that might reflect the occurrence of unanticipated events.

not to worry, at the last minute 4.44.58pm today someone else will push it up again

and with icon sifu's reassurance above, i am sure this counter will return to its glory days starting tomorrow

the fella is no longer a substantial shareholder, it is time for this counter to surge to its fair value.
seriously ever when this counter hit rm1.50 1-2 months ago, it has since gotten few more new contracts, 3 if i am not mistaken. having said so, it's value should be at least rm1.60. but no, instead still hovering around rm1.35. i see this as an extremely safe opportunity to keep my money in, and the timing is non other than now, when it is just rebounding from oversold stochastic.

Notice of Person Ceasing (29C) - DATO' HARIS ONN BIN HUSSEIN

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5401713

thor's hammer has been formed today... tmr will hoot kao kao

Datuk KC Lim topped up a huge portion of mother shares at 1.30 about a month ago; do you think market will let it go below that?

KUALA LUMUR (April 7): Ekovest Bhd through its subsidiary Ekovest Properties Sdn Bhd has purchased two parcels of freehold land from substantial shareholder Lim Seong Hai Holdings Sdn Bhd (LSHHSB) for RM26.77 million.

The first parcel of land measures 2,403 square meters and is located at Lot 256, Seksyen 85, Bandar Kuala Lumpur.

The second parcel of land, measuring 2,290 square meters, is located at Lot 326, Seksyen 85, Mukim Kuala Lumpur, Tempat Setapak, Daerah Kuala Lumpur.

Ekovest Properties said it intends to combine the lands together with its existing land bank to undertake its mixed commercial development project called EkoQuay, which shall commence works in 2018.

The development will be built on a combined 2.75 acres of land, it said in a statement to Bursa Malaysia today.

It said the acquisition is expected to be financed via internally generated funds and borrowings in the proportion of 30% to 70%.

Barring any unforeseen circumstances, the acquisition is expected to be completed in the third quarter of 2017, it said.

Ekovest shares closed down two sen or 1.45% lower at RM1.36, bringing it a market capitalisation of RM2.91 billion.

KUALA LUMPUR: Ekovest Bhd plans to undertake a mixed development project with a gross development cost of RM293.8mil in Setapak, Kuala Lumpur, by combining its existing 1.59-acre land bank with adjoining land measuring 1.16 acres.

The construction and property development firm announced to Bursa Malaysia yesterday that its unit Ekovest Properties Sdn Bhd had sealed an agreement to buy the two adjoining parcels of land from Ekovest’s substantial shareholder, Lim Seong Hai Holdings Sdn Bhd (LSHHSB), for RM26.77mil.

The purchase is a related party transaction, as Ekovest managing director Datuk Seri Lim Keng Cheng is a major shareholder and director of LSHHSB, which in turn owns 9.48% equity interest in Ekovest.

The two parcels of land are situated in Section 85, on the western side of Jalan Pahang, Kuala Lumpur.

Ekovest said the proposed mixed development project, called EkoQuay, consisted of serviced apartments and retail/commercial blocks.

It was previously reported that EkoQuay would be a component of the KL River City project, which also includes EkoGateway, EkoTitiwangsa and EkoRiver.

The company estimated to make a profit of RM103.3mil from the project, which is expected to start next year and be completed within four years.

The development order for the project was approved by Kuala Lumpur City Hall in February 2016. However, it said, an amended development order had been submitted in October with an increased plot ratio and the integration of new land.

Ekovest said the acquisition would be financed via internally generated funds and borrowings in the proportion of 30%:70%.


Read more at http://www.thestar.com.my/business/business-news/2017/04/07/ekovest-to-undertake-kl-property-project-costing-rm294mil/#ocvi4Z4RVMcDpor0.99

洪國興說：“雖然這確實使某些股股價‘超出預算’，但還是有划算的股項，如捷碩資源（JAKS，4723，主要板建築）、家盟吉（GBGAQRS，5226，主要板建築）、怡克偉士（EKOVEST，8877，主要板建築）和VITROX機構（VITROX，0097，主要板科技）。”

gogo 8877

While this has pushed some small and midcaps “beyond our targets,” there are still good buys out there, said Ang. These include JAKS Resources Bhd., Gabungan AQRS Bhd., Ekovest Bhd. and ViTrox Corp. Bhd., he said.

https://www.bloomberg.com/news/articles/2017-03-23/malaysian-small-caps-getting-too-hot-to-handle-for-top-manager

the day after dato harris sell is always a price surge day. proven for so many times already

lol, dato harris disposed again, another confirmed sign that eko will up up again tomorrow :D