It showed exactly how smart LKH are. He can always listed Duke 1 & 2, but he chose to sell to EPF first. #1, EPF got too much money don't know where to spend; secondly, EPF means public, By selling to EPF, he safely tie up public interest to save his ass!

So, our money is in good hands. Why worry?

Personally I do think Eko at this price is already a good gem and safe heaven. But I think those sellers want to free up cash to buy other gems. Of course, as the saying goes, don't put everything in one basket.

Eko's 14 bil order book already enough to busy for next 5 years. Moreover, Eko's core projects (80% on Duke) are for Greater KL. Unless the next government want to do Greater Trengganu or Greater Kelantan, else I don't see any need for alarm.

All exporters counters are affected by the MYR appreciation. But Eko is not.

Eko should be one of the most defensive stock in the KLSE right now. There is really not reason for the sell down. In fact, people should be buying when price below $1.

Eko is a solid infra-construction player, with many years of experience and a large order book of ~RM14b. All the projects are in Malaysia. Hence, it doesn't affect by China-US trader wars, or the effects will be indirect and minimal. The recent sell down of Eko shares is not justifiable.

But, Stock market is a zero sum game. The recent sell down of Eko shares, I can understand it as traders are chasing after O&G counters, in particular HengYuan due to the later's big pull back which provided good opportunity. But why didn't it recovers after that?

A simple valuation rule is applying PE of 18x (for a stable infra player) on its lastest 4Q eps of 5.82c. That's $1.04. Observed that earnings are growing qtr by qtr and it is expected to grow even higher in coming years due to its large order book. Analysts had an average target call of $1.35 for Eko. And I believed this has a solid foundation.

Then why are people selling at 88c?

Please forget about IWcity. From now on, Eko has nothing to do with IWcity, IWH, or BM project. Official notice already filed with Bursa. Do you think LKH want to slap his own face? Attempts to link these are just pure stupidity.

Why son premium 48%? Very expensive!!

4c earning for a 37c stock. Growth >10%. Much better than FD. Buy.

usd$8 mil only for 20 hospitals where Russia has around 2000 hospitals. What is the point if cloud solution only cover 1% of users? More orders will come from Russia. I'm still bullish about this stock Buy...

Better wait till financial report out at end of the month. The industry has been very cloudy after EU decision on palm oil export.

Blood bath every where. OK. Reset. Back to step one.

But the good news is the more it retract, the higher it will go. See you soon, 1.50.

Cup pattern still hold, a bit ugly though as handle too Low. This is the time, weak hands change to strong hands.

1.06 should be a strong support.

Forming a very nice cup pattern now. Should be above 1.20 by CNY.

Big sharks have not money to push price now. Because all used up to buy votes! LOL
After voted, should see the flying action.

Big sharks already planned their strategies. Only those craps, prawns, small fishes panic here and there, don't know where to go.

As of today's close, these toilet papers are collectively value at about RM27mil. Just to give an idea how much is at stake here.

At current prices, and less than a year to go, all the "E" call warrants are as good as toilet papers. Although these are given as free, but if I am the majority holder of these toilet papers (you know who right!), I will go all out to influence the outcome for a favorable one and turn these toilet papers into RMxx,000,000.
So, let's count down for 1-to-1 @ 1.50.

Those are just a few ways to treat SBB. I did come across some company resale SBB share back to open market. It followed with a bursa announcement. It's all pure accounting. It depends on how you want to manage and use it.

Compare with other business undertaking such as operation expansion, or buying stake on other companies, SBB is like investing in itself. It showed "the company has great confidence in itself." It sends strong signal to investors.

What will go wrong if you buy a company with good fundamental at a "great discount"? I am sure the accountant know how to make the best of it.

Whether the board will approves SBB, let the shareholders decide.

Yeah, price already factor in all good news. No prospect now. Sell...
Please sell ... and sell harder.... dump all you have!
I diam diam queue at 23c. LOL

Yes, IPO proceeds are not meant for SBB. I read somewhere, said SBB fund can be allocated from company reserves (i.e. retained earnings). This company has tons of it.

The company generate >10mil in profit each year. 70% as dividend. 30% as SBB. That is perfectly viable. The size of SBB can be adjust as feasible to its financial capability. There is no need to add new SBB fund each year, only depend on market condition, and once allocated need not necessarily use up either. Company can set the policy on how this SBB operates.


I am opposing SBB to chase up stock prices to unfair level. But under highly depressed price, such as now ~40% below fair value, why not allocate some fund for SBB? SBB will be profitable, and eventually shareholders get the benefit too. After all, SBB is a legitimate tool to ensure stock price are fairly reflecting company's fundamental. Most listed companies have SBB.

The company already distributed 0.75c dividend.
That means next quarter could declare another 2.05c dividend.

QR as expected, on track for annual eps = ~4c. Sufficient for a 2.8c dividend payout (70% payout). Yield=6% at current price of 46c, or 4% at fair value of 66c.

Not too bad as revenue had sustained. Coming quarters should see better results as:
1) CPO production is rising and plantation companies are increasing their capital expenditure again.
2) New Perak factory in operation.

How SBB can regulate stock price to its fair value?

Let says the board had approved a SBB fund of RM3mil. It can break into equal portion for 12 months, or into 26 portions biweekly. So each month, it has RM250k for SBB. CFO can determine the fair value of the company stock price quarterly, let say 66c. If stock price fall below 10% of the fair value, i.e. <=60c, the SBB will exercise the allocated fund Rm250k to buy the company share. RM250k can buy ~446k shares at 60c (or ~543k@46c). If stock price recover above the fair value, the company can sell back the shares in open market to restore the SBB fund with at least 10% profit.

If SBB fund had used up, each year the board can determine if additional fund be added. Until the total SBB fund buy up 10% of company shares (i.e. max. allow).

This way, SBB stimulates stock trading activities periodically and hence acts to restore stock price to an acceptable level, says 60c, rather then lets it depressed until 45c because of low participants.

How SBB can regulate stock price to its fair value?

Let says the board had approved a SBB fund of RM3mil. It can break into equal portion for 12 months, or into 26 portions biweekly. So each month, it has RM250k for SBB. CFO can determine the fair value of the company stock price quarterly, let say 66c. If stock price fall below 10% of the fair value, i.e. <=60c, the SBB will exercise the allocated fund Rm250k to buy the company share. RM250k can buy ~446k shares at 60c (or ~543k@46c). If stock price recover above the fair value, the company can sell back the shares in open market to restore the SBB fund with at least 10% profit.

If SBB fund had used up, each year the board can determine if additional fund be added. Until the total SBB fund buy up 10% of company shares (i.e. max. allow).

This way, SBB stimulates stock trading activities periodically and hence acts to restore stock price to an acceptable level, says 60c, rather then lets it depressed until 45c because of low participants.

It is indeed very frustrating that stock price of such a good company is so depressed, until 40% below its fair value. Small investor who are in need of money have to force sell at such a depressed prices.

The only option to solve such problem is to exercise your right as a shareholder, to request the board to approve stock buy back (SBB).

Yeah, right, some even said can even reach 20c.
But I only said this, a company that can reaches many foreign countries is an achiever, not a survivor!
You should buy into an achiever, while you still can afford to.

Who dare says cannot be? Months ago, this is just a 6c stock!

Just a rm7.84 mil job for 2 months, earned rm3.03 mil. 38% profit margin. If signed more of such deals, by no times, this will be a rm10 stock! Huat ah!

How much shares can RM29.8mil buy?
From 46c to 66c, take the mean price of 56c, it can buy 53.2 mil shares. That is about 17% of the total o/s shares of 298 mil. I am very sure, before it can buy 5% of total shares, the stock price already reach 66c.

btw, excess cash means you can take away the cash and the business still operates as per normal. In other words, the company can declares a special dividend of 10c per share, and it still can operates to generate 4c eps annually.

Ooops, typo. Should write..
What type of investment can yields immediate capital gain at 40% doing nothing?

And yes, the immediate capital gain = 0.66/0.46 > 40% .
What that of investment can yield immediate capital gain at 40% without doing nothing?

Moreover, the new factory at Perak might add some good surprises.

At current price 0.46, eps/pricex100% = 0.04/0.46x100% = 8.7%
If there are no better investment that yields 8.7%, might as well buy own share at 46c.

Base on 30 June 2017 financial report,

Cash equivalence 47.253
FD Pledged -1.839
Total liabilities -11.603
opex annual (est) -4.000
-------------
Excess cash RM 29.811 mil ==> 10c per share

Expected EPS (per annual) = 4c (min) ==> 56c per share

Valuation = 66c per share (minimum face value)

This stock worth > 65c.
Should propose share buy back in coming AGM. This can stimulate some buying interest.