how much do u think Duke 3 is worth?

when u noticed a few sifus here...u can give urself a pat that u r on the right boat.

those who sold their shares, congrats on ur profit. but don't be too saddened when u see this counter breaks new high day after day. just be happy with whatever u earned.

Insas, seriously needs to wake up fast. Or mr.market please stop punishing Insas.

Inari is already 3.80!!!

My dream says RM10bil market cap. Nothing less than that.

dudu, got english version?

can't read chinese. thanks

what's with the selling?

i outline stage by stage.

stage 1: takeover of IWC shares. exchange of Ekovest shares at 1.50

stage 2: listing of highway assets as REIT. that will be 4 billion worth (almost double of current price) i give it as rm2 at least.

They can choose to spin off their F&B business.That will unlock the value

TGuan needs to increase trading liquidity before the institutional funds can come in

Current price slightly above RM1 with market cap above RM2bil.

If market cap hit RM10bil, then share price has to go up to RM5++

Hahaha...this is my dream for Ekovest

As i said, Ekovest is future KLCI stock.

We have also set the target to become the top 30 listed companies on Bursa Malaysia within five years. This means that our market capitalisation has to hit RM10bil within five years, from the current RM2bil. It is achievable based on our growth.
Read more at https://www.thestar.com.my/news/nation/2017/01/01/kc-and-the-building-of-ekovest-datuk-seri-lim-keng-cheng-has-been-working-alongside-his-uncle-the-b/#s6ZT3c4WtwJ6tW8O.99

the main worry is if Q4 shows reduced profit then KYY will activate selling.

Yes, Ekovest has to trade at 1.50 and above in order to make the acquisition happen via share swap. Just dumb dumb hold or if u can also average up ur position and wait for RM1.50.

average cost 93 sen. TP is 1.50. that's 61% upside.

strategy is DUMB DUMB HOLD

wake me up when it hits 1.20. bye guys

First target is to go back status quo...above 1,20 before the announcement

This business model allows the IWCity Group to unlock the value of land banks upfront while still enabling the IWCity Group to continue participating in any future upside from the development project and prospects of Iskandar Malaysia via joint venture arrangements with reputable township developers.

In addition to joint venture arrangements, the IWCity Group also develops properties on its own. An example of this is the new development project on the recently acquired 67.5-acre Sutera Land near Taman Sutera (an established housing and commercial estate). The gross development value for the entire project is estimated to be more than RM500 million and is targeted to be launched in the 2nd half of 2018 upon submitting and procuring building plan approvals.

IWCity owns approximately 1,000-acre tracts of waterfront properties and developments along the Straits of Johor, the Tebrau and Plentong Rivers. With attractive tracts of waterfront properties in the country, the management of Ekovest is optimistic on the IWCity Group’s prospects. Growth in the property development division will continue through a combination of in-house development and also choosing strategic partners to accelerate development plans whilst conserving capital. The management is also closely monitoring the property market conditions and plans to capitalise on the continuing demand for landed residential properties.

Upon successful completion of the Proposed Offer, Ekovest may expand its concept of river beautification and rehabilitation along the Gombak River to Johor Bahru through the land bank of the IWCity Group along the Tebrau River, to be promoted as an iconic development in the State of Johor by the enlarged Ekovest Group.

Arising from the Proposed Offer, Ekovest stands to participate in IWCity’s unique business model, in which as a strategic master developer (within Flagship A of Iskandar Malaysia), IWCity is involved in the following activities:-

(i) Land accumulation – upon completion of the Proposed Alienation and Development, the IWCity Group has a total land bank of approximately 1,000 acres;
(ii) Land preparation and conversion – preparation of land parcels for development by land reclamation and enhancement through infrastructure development e.g. road construction; and
(iii) Joint development with strategic partners, typically property developers – this involves the sale of land to the strategic partners, who are also its customers, and IWCity reinvests part of the sale proceeds by taking a minority stake in the joint venture with the strategic partners to undertake development.

A prime example of this is the joint venture with Greenland Malaysia Real Estate Operator Sdn Bhd (part of a state-owned mega enterprise group in Shanghai with vast experience in property development) to develop the 127.92 acres of prime waterfront land in Johor fronting Singapore. The said development (in which IWCity has an effective interest of 20%) has an estimated gross development value of RM18.4 billion.

IWCity is expected to contribute positively to future earnings of the Ekovest Group, backed by the Land Disposal to Greenland Tebrau and launching of new property development projects.
19

Barring any unforeseen completion risks, the Land Disposal to Greenland Tebrau is expected to also enhance the IWCity Group’s cash flow streams over the next few years up to 2020. In accordance with the Greenland Tebrau Supplemental Agreement, the agreed payment schedule for the balance purchase consideration of RM2,135.77 million

The IWCity Group’s vast land bank of approximately 1,000 acres is prime waterfront land strategically located in the Iskandar Malaysia region in Johor. These lands have potential for capital appreciation, which is expected to augur well for the Ekovest Group moving forward.

Upon completion of the Proposed Offer, the Ekovest Group will diversify its geographical presence and strengthen its existing property development business with enlarged land bank of more than 1,000 acres. With the enlarged land bank, Ekovest may expand its concept of river beautification and rehabilitation along the Gombak River to Johor Bahru through the land bank of the IWCity Group along the Tebrau River, to be promoted as an iconic development in the State of Johor by the enlarged Ekovest Group.

The Proposed Offer represents an opportunity for Ekovest to participate in the business and prospects of the IWCity Group and access its vast land bank of approximately 1,000 acres in the Iskandar Malaysia region via increasing its equity interest in IWCity at an attractive price.
As set out in Section 4.1(iii)(a) of this Announcement, the implied total purchase consideration for Ekovest to acquire 100% equity interest in IWCity is RM1,256.08 million (based on 837,388,857 IWCity Shares as at the LPD), which from management’s perspective, Ekovest is effectively paying RM28.81 per square foot to have full access / control over the IWCity Group’s 1,000-acre land bank which is currently valued at approximately RM84.49 per square foot.
In comparison, in an outright land purchase, Ekovest may only be able to acquire approximately 41 acres and 257 acres of the same land bank (at the estimated market value of RM84.49 per square foot) based on the total consideration under the Minimum Acceptance Scenario (RM150.61 million) and Maximum Acceptance Scenario (RM945.94 million) respectively.
The Offer Price of RM1.50 represents a discount of more than 50% to the Estimated Revised Net Asset Value of IWCity of RM3.03 per IWCity Share

Read their announcement on the proposal of IWC takeover.

To me, Petronm valuation a bit too rich for me.

I will adopt a strategy to buy on weakness if the price drops below RM10.

Farge...whats ur analysis on kns selling? completed or still on-going?

hope to reach 1.50 before CNY la...bagi angpow besar sikit

Ekovest and Insas....canteeeeeekkkkkkkkkkkkk

immediate TP is 1.50

hold ur horses....

OSK looking to monetise some its assets which is good news.

This week Edge reported the potential sale of Faber towers.

price not moving for days with big volume. wonder who;s buying

I see Ekovest (in the long run) as a potentially RM10billion market cap company.

http://www.straitstimes.com/singapore/transport/singapore-to-johor-baru-mrt-service-to-start-by-end-2024

this is Herbert Chua's sister

why using PE of 12? care to explain

as regulatory requires the banks to set aside additional capital requirements, the bank's ROE suffers as a consequence. though ROE is still the key metric to look at in assessing the bank's performances including the credit rating agency, return on risk weighted assets is the more accurate assessment.

valuation wise, the implied P/BV would seems higher in view of declining ROE...hence the investment community may revisit the assumptions in valuing the banks, the average P/BV of 1.2 which many used as the rule of thumb to value the acquisition of a financial institution may no longer valid

Liquidity crunch was the main reason in the last financial crisis that made some banks go bust or almost bust.

With Basel III kicking in, more emphasis is placed on liquidity (refer Liquidity Coverage Ratio or LCR) and capital buffer for the banks to withstand during crisis times.

These days, central banks no longer look at the Bank's Loan to Deposit Ratio, it is the LCR.

a simple gauge of JTiasa valuation can be obtained by estimating the value of their plantation landbank..and compared with their current market cap

Implied or Target P / BV = ( ROE – g ) / ( CoE – g )
P = Share Price
BV = Book Value per Share
ROE = Return on Equity
CoE = Cost of (Equity) Capital
g = Long Term Growth Rate

yup, agreed with WiseEye

in the long run, eventually market would move accordingly to the intrinsic value

it will, but don;t know when, that;s what Seth Klaramn said too

Later will turn green

Lowest 15.94? is there a technical error??

Really?

Anyone has inside news?

when is share split?

i'll buy more then

Choose Insas hahahhaha

Did anyone know if Dato got buy Hengyuan? Hahahhaa...just kidding

Well, investment holding does not excite the market much. Patience is needed here..

As mentioned by Contrarian...Insas unrealised gain on Inari is worth RM1.2billion.

Insas market cap is RM600million. It is almost DOUBLE!!

Unbelievable...the most undervalued/mispriced stock in Malaysia....

Landbank
i) Land opposite KLCC (716/sq ft) v (3500/sq ft)
ii) Damansara Avenue (88/sq ft) v (500/sq ft)
iii) Bukit Bintang land (682/sq ft) v (3300/sq ft)
iv) Little bay cove, Sydney

Hotel portfolio
i) Radisson Plaza, Sydney (5 star)
ii) Westin, Melbourne (5 star)
iii) Aava Whistler, Canada (4 star)
iv) Swissotel, Singapore (4 star)
v) Swissotel, Kushan, China (5 star)
vi) Movenpick, Phuket (5 star)

Hence, I am guessing the acquisition of IWCITY by early 2018 pace the planning made by Ekovest very well. Between 2017 to 2020, there are enough highway construction projects to sustain its growth and operating cashflow. Post 2020, they will be more busy with property projects down south. And with the collection from tolls continuing to grow, the planning made by Ekovest could be very sweet for investors.

As it is, now Ekovest is trading at RM2 billion valuation. The toll business alone is worth more that. It is buying landbanks at good value. How is that not good?

Come 2024, there is however one game changer. What I do not foresee will really happen is happening. What is that?

There is an MRT link between Johor and Singapore, and it is to be ready by then. Why is this important? It means Singapore is willing to open up more (slightly). For so long, the causeway is the clog point for Johor to develop fast. It is a joke if an affluent or white collar worker to say that they are ok with staying in Johor and work in Singapore as the commuting is so bad that it deters them from doing that. With the new MRT connecting Johor at the checkpoint towards Singapore, that unbearable commuting is made more bearable. With that, the real property buyers (to stay) will consider buying, as compared to those who are only investing and not stay as at now.

The game changer is especially important to the landbanks surrounding that area. Who in your guess has the most landbanks and one that overlooks Singapore as well? IWCITY.

As one can see, the landbank for IWCITY or reclaimation rights for land are very close to the causeway - the main connecting point for anybody between Johor and Singapore.

Answer is here

http://www.intellecpoint.com/2017/12/why-acquisition-of-iwcity-is-good-move.html