It's a good question? As give opportunities to average down or book tickets for next show!

Hi @speakup if you have played & won against VT/Bjland before, you will know how Ekovest will work out sooner or later. Accumulate on Weakness as Ekovest with Duke 1,2 & 3 long term cashflow stream of up to 56 years! & King's support is simply too big to fail!

Welcome on-board! Let's ride the Ekovest waves together!

@ocbc

drop more better so Foreign funds waiting to buy at lelong price . Lol

Recap!
https://www.nst.com.my/property/2023/09/954798/rts-link-game-changer-johor-bharu-real-estate-market

@Boringguy Thanks for putting 2 plus 2 together...CRCC/CICO & Ekovest Consortium looks good? Now we know why Ekovest acquired the 4 parcels of TOD land in JB all along RTS. Was in HK & Guangzhou recently, likes the way China integrated their TOD along Subways like Guangzhou Metro, Hong Kong MTR & China High-speed Rail network with Shopping Malls/Hotels/Residences with One Stop convenience.
https://www.scmp.com/economy/china-economy/article/3277512/it-full-steam-ahead-chinas-high-speed-rail-network-after-summer-travel-surge

Rebound coming soon! Accumulate on Weakness!

"Ekovest Announces Groundbreaking Collaboration with CICO, a Fortune 500 Company, for Infrastructure Advancement in Malaysia• Leveraging CICO global expertise for ambitious infrastructure projects in Malaysia.• Collaboration includes TOD projects, large-scale infrastructure, and food security initiatives.• Strategic alliance aims to provide mutual economic benefits, ensuring balanced participation and leadership rights."

Btw Dow Jones & Nasdaq has staged a Strong Rebound!
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-nvidia-nvda-tsla-ai-stock-oracle/

Friends & Gentlemen! After A Storm, Rainbow 🌈 will appears soon!
Take notice that even Notion which has been shorted down has Rebound! So can Ekovest, since all bad news has been discounted by Market!

Notion VTec shares rebound, up 24%
https://theedgemalaysia.com/node/725154

Morning Friends & Gentlemen!
Don't forget about the 4 parcels of TOD land purchase by Ekovest all along RTS in Johor. Should be completed by now?

https://www.businesstoday.com.my/2023/10/28/ekovest-bets-big-in-johor-with-proposed-rm310-million-land-purchase/

Thanks for Sharing Guys. What we know so far on Ekovest In Summary:

EKOVEST still has
1. A large outstanding amount for construction projects (Contract Assets to be monetized) RM114 Million,
2. Progress of RTS project has made a positive contribution to revenue (Revenue during the reporting period was RM638.873 Million, a significant increase of 21% compared to last year's RM526.988 Million),
3. Highway revenue has been negatively affected by non-receipt of the expected road compensation payment of RM64.0 Million in 2023. This compensation of RM64 Million due from Government may be received once allocated in the coming Budget 2024/2025?.
4. Meantime Ekovest sold 17 parcels of land in KL to LKH & Airman to cover its current Cashflow with cash proceeds of RM66.8M + RM9.82M = RM76.62 Million, to be recognised in the next Qtr.
5. Ekovest is highly shorted with Net Short Position of RM58.25 Million (1.96%) on 29/8. If not enough Volume/Seller at lower price Sold by Operator (i.e. 36~36.5
sen) for RM58.25 Million worth of borrowed shares in next few trading sessions, Operator will have to Buy at higher price than 36~36.5 sen to cover back these Short Position. That's why Operator Agents are working very hard to scare uninformed Retailers to Sell cheaper?

According to the information in EKOVEST’s latest financial report, the following are the specific situations regarding the outstanding construction funds, RTS project revenue and the decrease in highway revenue:

#Outstanding construction balances:
- The total outstanding amount (Contract Assets) of the construction segment is approximately RM113.421 million.

#RTS project income:
The progress of the RTS Link project has significantly increased the revenue of the construction segment this financial year. Revenue during the reporting period was RM638.873 million, a significant increase compared to last year's RM526.988 million.

#Reduction in highway revenue:
The decrease in highway revenue is mainly due to the non-receipt of the expected road compensation payment of RM64.0 million in 2023. In addition, the toll rate adjustment on the Duke 1 & 2 Expressway from January 1, 2024 has not yet been confirmed, further affecting revenue.

Yes!
GROUP'S PROSPECT
Secured Order Book As at 22 August 2024, the Group's total outstanding secured order book in hand for the construction and cranes division is RM1.623 billion.

Prospect
The regional infrastructure and oil & gas industry are seeing more capital investments in near future which is a boon for the Group's business moving forward.

That's why the Recommendation is Accumulate on Weakness before the Sharks & Foreign Funds come! Now only nibbling, more chance to grab while still penny stock & we wait for the Breakout!

https://www.thestar.com.my/business/business-news/2024/08/30/fbm-klci-rebounds-on-strong-us-economic-forecast

Good Morning Friends & Gentlemen!
Dow Jones is now at Record High! A PBT of RM78.5 million and Order Book of RM1.632 Billion is announced by Muhibbah for current Qtr, A Rebound is Coming Soon! Once Muhibbah exits Penny Stock Status, Muhibbah will be re-rated with more Foreign & Institutional Fund Buyers, soft target 1.25 with TP 1.34!

Recommendation:
Accumulate on any Weakness!

MUHIBBAH ENGINEERING (M) BHD

REVIEW OF GROUP PERFORMANCE (YTD 2024 vs. YTD 2023)
The Group reported higher consolidated revenue with higher profit before tax of RM78.5 million for the financial period ended 30 June 2024 as compared to consolidated revenue of RM694.9 million and profit before tax of RM23.1million respectively for the corresponding period ended 30 June 2023.This improvement in both Group revenue and Group profit before tax are mainly contributed by Concession division and better performance of Marine Shipyard and Infrastructure Construction divisions.

COMPARISON WITH PRECEDING QUARTER RESULTS (Q2 2024 vs. Q1 2024)
The Group reported higher consolidated revenue of RM728.0 million ascompared to RM413.9 million in the preceding quarter mainly due to higher revenue from all divisions.This quarter reported higher profit before tax of RM47.5 million as compared to RM30.9 million in the preceding quarter mainly due to better performance from Infrastructure Construction, Marine Shipyard and Concession (Airport).

GROUP'S PROSPECT
Secured Order Book As at 22 August 2024, the Group's total outstanding secured order book in hand for the construction and cranes division is RM1.623 billion.

Prospect
The regional infrastructure and oil & gas industry are seeing more capital investments in near future which is a boon for the Group's business moving forward.

Yes! Especially when Kobay's core Manufacturing Biz shows improvement. As already reached 52 week low, downside risks are minimal as Nvidia the Bellweather for Tech Global beats market expectations! Just follow Directors accumulate on current weakness!

https://uk.finance.yahoo.com/news/nvidia-reports-record-quarterly-revenue-204626662.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEys9WFSkfEVEU7L313_CC2NTxRW-4zTsTMe1cZGx8ztsObnY7nPaRAKUOPVA9gaT13J0ZiYEKzwPw9wusxRKqwSjHxuWycWTUq_j1kq60ZhyqyCTv8cOSs8BVj0SQdnW7HW9a-l_XYRZoYDrlIhZz7SBRzb4zmz1YU-HQPiOjkK

@8u29song

I see opportunity...

Result for currently Qtr. looks good for Kobay, as core Manufacturing Biz shows improvement primarily from increasing sales orders, particularly within the component, aerospace, and surface treatment divisions. Rebound soon! Follow Directors to accumulate on current Weakness!

Also Nvidia reported second-quarter earnings that beat Wall Street expectations and provided stronger-than-expected guidance for the current quarter. The company also authorized an additional share buyback of $50 billion.

Kobay 4Qtr Result
Statement of Profit & Loss and Other Comprehensive Income

Kobay Group reported revenue and profit before tax ("PBT") of RM89.5 million and RM5.9 million respectively for the current quarter, reflecting a 31% increase in revenue and a 758% increase in PBT compared to the corresponding quarter of the preceding year. For current YTD, cumulative revenue (Total Qtr1 to Qtr4) of RM327 million with PBT of RM22.2 million.

1.1 Segmental Analysis Summary

#Manufacturing
The manufacturing division has demonstrated improving results, with a 37% QoQ increase in revenue and a 518% QoQ increase in PBT. The QoQ improvement primarily resulted from increasing sales orders, particularly within the component, aerospace, and surface treatment divisions.

#Property Development
The property division showed a slight improvement QoQ, with a 62% increase in revenue.

#Pharmaceutical & Healthcare
The revenue reported for the pharmaceutical and healthcare division showed a 14% increase QoQ and a 4% increase YoY.

#Asset and Investment Management
The Asset and Investment Management Division reported an increase in revenue of 27% QoQ and of 236% YoY. The profits primarily stem from generating income through dividends paid by subsidiary companies to the holding company.The revenue increase is largely attributed to the hospitality management services at Langkawi, significantly enhancing the division's performance.

Good Morning Friends & Gentlemen!
Looks like a good Qtr. 2 for Muhibbah?
Recommendation: Accumulate on any weakness!

Interesting information. Need to do more research. Maybe can find more leads on LSH from this article?
https://theedgemalaysia.com/article/ekovest-md-lim-keng-cheng-trims-stake-ceases-be-substantial-shareholder


p.s.

@Boringguy Ekovest's acquisition of 4 pieces of TOD (Transport Oriented Development) near RTS could be developed in similar fashion as highlighted by this article?
https://www.nst.com.my/property/2023/09/954798/rts-link-game-changer-johor-bharu-real-estate-market

Morning Friends & Gentlemen!
Let's Be Honest. Why Are We All Here At Ekovest???
#There's money to be made from Ekovest & Johor Theme Play.
#Ekovest has fallen almost 39% from its 52 week high of 0.62 to 0.385 partly due to earlier Dow Jones uncertainty & possible threat of Iran retaliation which has been minimized.
*Note:
https://www.wsj.com/livecoverage/stock-market-today-fed-minutes-live-08-21-2024

#If you study Price Trends, Ekovest moves in a series of Ups & Downs. Presently already approaching 52 week low. #Syndicate members are working overtime to collect from uninformed Retailers who holds 49.5% of Ekovest?
#If you look at present situation, none of Substantial shareholders sold their share in this period as they know something is brewing at Ekovest & Johor Theme Play.
#Since Substantial Shareholders are not selling, Syndicate can only collect from weak holders & retailers through a series of Lefthand to Righthand Plays before the next Pump!
#Veteran Players from Berjaya should recognise this type of Modus Operandi?

If you have benefited from my previous Recommendations, Best Time to Accumulate is during times of Weakness with minimum Risk at 52 week Low! mainly Thanks to helping hand from Syndicate! As the Johor Theme Play Game is just Beginning, let's ride the next Wave Upwards together in a Win-Win Situation!

Ownership Breakdown
#General Public/Retailers 49.5%
#Individual Insiders 22.6%
#Private Companies 12.9%
#Institutions 14.3%
#State or Government 0.611%

Top 25 shareholders own 50.48% of the company
Lim Kang Hoo 18%
Ekovest Holdings Sdn Bhd 10.1%
Norges Bank Investment 4.58%
Chang Chiang Khoo 3.51%
Lim Seong Hai Holdings 2.89%
Affin Hwang Asset Management 2.59%
Dimensional Fund Advisors LP 1.51%
Hong Leong Asset Management 1.34%
Kenanga Investors Bhd. 1.12%
UOB Asset Management (Malaysia) 0.74%
AMMB Holdings Bhd, Asset 0.71%
Bank of Singapore Limited 0.63%
Pertubuhan Keselamatan Sosial 0.61%
Yew Choo Yeoh 0.52%
Hoe Lim 0.48%
Allianz SE, Insurance Investments 0.42%
Kenanga Islamic Investors Bhd
0.31%
American Century Investment 0.17%
Chen Lim 0.12%
TA Investment Management 0.065%
State Street Global Advisors, Inc. 0.063%
BOS Wealth Management 0.054%
Khai Wong 0.025%
Mackenzie Financial Corporation 0.012%
Boston Partners Global Investors, 0.0049%

Who is Lim Kang Hoo, Ekovest & The Johor Theme?

https://www.forbes.com/profile/lim-kang-hoo/

https://klse.i3investor.com/web/blog/detail/dailypulse/2023-12-14-story-h-212428642-Good_times_for_EKOVEST_IWCITY_with_Johor_Sultan_coming_in_as_King

https://theedgemalaysia.com/article/%E2%80%98sultan-johor-and-lim-sell-land-merged-iwh%E2%80%99

https://azlyrahman-post.blogspot.com/2014/06/sultan-of-johors-business-empire-all.html?m=1

Is It Time To Consider Buying Ekovest Berhad (KLSE:EKOVEST)?

What's The Opportunity In Ekovest Berhad?

Great news for investors – Ekovest Berhad is still trading at a fairly cheap price. Our valuation model shows that the intrinsic value for the stock is MYR0.77, but it is currently trading at RM0.39 on the share market, meaning that there is still an opportunity to buy now. Another thing to keep in mind is that Ekovest Berhad’s share price may be quite stable relative to the rest of the market, as indicated by its low beta. This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again.

Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to grow by 41% over the next couple of years, the future seems bright for Ekovest Berhad. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

What This Means For You.

#As a Shareholder?
Since EKOVEST is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.

#Are you a potential investor?
If you’ve been keeping an eye on EKOVEST for a while, now might be the time to enter the stock. Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy EKOVEST. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed investment decision.

Ekovest is a Hidden Gem! Recommendation: Buy while still cheap before news is out!
https://theedgemalaysia.com/node/703441
https://www.bharian.com.my/bisnes/lain-lain/2024/01/1207076/kemajuan-pembinaan-projek-rts-link-mendahului-jadual-asal
https://ekovest.listedcompany.com/newsroom/The_Edge.pdf

Below Fair Value: EKOVEST (MYR0.39) is trading below our estimate of fair value (MYR1.09)

Significantly Below Fair Value: EKOVEST is trading below fair value by more than 20%.

Price-To-Sales vs Fair Ratio: EKOVEST is good value based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).

Construction project undertaken by Ekovest Group such as DUKE Phase 1, DUKE Phase 2, Ministry of Education Buildings in Putrajaya, Shapadu Highway and currently, Setiawangsa-Pantai Expressway (SPE).

Ownership Breakdown
#State or Government 0.611% 18,125,800 shares
#Private Companies 12.9% 383,654,132 shares
#Institutions 14.3% 424,660,379 shares
#Individual Insiders 22.6% 670,645,218 shares
#General Public 49.5% 1,468,325,273 shares

Good Morning Friends & Gentlemen!
More Good News From Muhibbah!
Recommendation: Accumulate on any weakness!

Pahang poised to become Malaysia's first comprehensive maritime hub
By Bernama / Bernama
20 Aug 2024, 08:47 pm

Menteri Besar Datuk Seri Wan Rosdy Wan Ismail said the RM2.1 billion project (KMH) which will be a central hub for maritime activities, supporting a range of trade and industrial operations, is expected to make a significant impact on both the local and national economy.

"I guarantee the state government's full cooperation in ensuring the project's success, supported by our political stability. I am confident that Muhibbah Engineering (M) Bhd will deliver this project (KMH) smoothly and successfully,” he said.
https://theedgemalaysia.com/node/723567

Morning Friends & Gentlemen!
Bursa already up 9 points to 1,657!

@apple4ver Good News Indeed! Accumulate on any weakness!
Target price: Resistance between 0.92~0.99? Once broken with a Bullish Bursa, Soft TP 1.10~1.25 with TP 1.34!

https://asia.nikkei.com/Business/Transportation/Cambodia-resolves-Phnom-Penh-airport-tensions-with-new-rights-grant
Khek Norinda, a spokesperson for Cambodia Airports, Vinci's local joint venture, told Nikkei Asia that the unit signed a memorandum of agreement with the government in April giving it rights to operate the new Techo Takhmao International Airport

CGS International Analysis on Muhibbah Engineering.
Phnom Penh showing signs of strength Consensus ratings*: Buy 3 Hold 1 Sell 0
■ 1Q24 results met expectations, with associate profits from its Cambodia airport concession up 32% yoy despite the sale of Siem Reap in Oct 23.
■ Favelle Favco is winning more crane jobs and beefing up recurring income.
Up/downside: 35.3%
■ Reiterate Add with unchanged SOP-derived TP of RM1.34.
Reuters: MUHI.KL1Q24 results met expectations
Bloomberg: MUHI MK
● Muhibbah delivered a 1Q24 core net profit of RM5.9m (vs. RM0.5m in 1Q22) which was Market cap: US$153.3m within expectations at 12%/11% of our/Bloomberg consensus’s full-year net profits RM721.2m. We expect earnings momentum to pick up in the coming quarters as it progressively
Average daily turnover: US$0.50m recognises its RM2bn orderbook (as at May 24).RM2.35m
● The key 1Q24 highlight was associate profit contribution of RM13.4m (+32% yoy) Current shares o/s 727.0m coming largely from its Cambodia airport concession. This is commendable as 1Q23 had included the Siem Reap airport concession that was surrendered back to the Cambodian government in Oct 23. Its 1Q24 passenger arrivals for the Phnom Penh.
Key financial forecasts
Airport concession (PP) and Silhanoukville airport rose 23% yoy to 1.2m, with China passengers making up 22% of the total in 1Q24 (vs. 15% in 1Q23).
● Its construction division posted an RM8.7m pretax profit in 1Q24 (vs. RM5m in 1Q23). Pretax profit for its crane business in 1Q24 rose 30% yoy to RM19m. Of its RM2bn orderbook, RM1.3bn is from construction and RM0.7bn from cranes. Favelle Favco (FF)announced contract wins of RM39m in May 24, which is a combination of tower and offshore cranes. In late-May 24, FF also announced it has entered into an agreement with an Australian developer to build two 14,000 sqm logistic warehouses on its 46,840 sqm land in Sydney, which should boost recurring income once completed in FY26F.
Light at the end of the tunnel for PP scenario?
● We had highlighted in our 2 May report (link) that its PP will likely see a favourable outcome, even though a new international airport for Phnom Penh, known as Techo International Airport, located in Kandal, is currently under construction and scheduled to start operations in 1H25F, according to Cambodia’s State Secretariat of Civil Aviation (SSCA). We believe Techo International Airport will replace the current Phnom Penh International Airport that is operated by Muhibbah.
● Muhibbah said negotiations with the authorities are progressing well and it will likely receive compensation for the loss of its existing operations of PP (likely at BV) and be engaged to operate the new airport at Kandal. This is because the new airport is being built by a JV between SSCA and the Overseas Cambodia Investment Corporation

Price performance 1M 3M 12M(OCIC), both of whom do not have the expertise to run an airport. An article in the Khmer Times published in Mar 24 also stated that a favourable result for all parties is expected, based on the government’s win-win policy, but details are sparse presently. Reiterate Add and TP of RM1.34
● We like Muhibbah as a proxy for a recovery in tourist arrivals with its Cambodian airport concessions, while its marine expertise and Petronas fabrication licence should enable to clinch more Petronas jobs, in our view. Key downside risks are patchy execution track record and higher raw material costs. Re-rating catalysts include better earnings delivery and stronger tourist arrivals in Cambodia.

Recap.
#Kobay has been making profit for 3 consecutive Qtrs., with Profit of RM5.84M on a Turnover of RM87.79M for Qtr. 3.
#Earnings vs Savings Rate: KOBAY's forecast earnings growth (60.4% per year) is above the savings rate (3.6%).
#Earnings vs Market:
KOBAY's earnings (60.4% per year) are forecast to grow faster than the MY market (12.1% per year).
#High Growth Earnings:
KOBAY's earnings are expected to grow significantly over the next 3 years.
#The 2 new projects, namely EMS and solar frame should be operational and generating income from next quarter onwards.
#There is a relatively healthy outlooks for aerospace and O&G divisions.
#Solar segment. The group is ready for its venture into the manufacturing of aluminium frames for solar panels for renewable energy-related business. #Kobay has already completed the renovation and installation of the new 15 -acre plant dedicated for renewable energy-related business. The prior delay from authorities’ approvals has been rectified and the factory is now successfully connected to the electric power after the substation upgrade by TNB. The anodizing line has been set up and currently the factory is ready to run for production.
#EMS. Recall that Kobay invested RM20m in Innospec, a new SMT services subsidiary, to provide end-to-end complete solution for ADS. Kobay has already been qualified by customers in 2QFY23 and is currently awaiting orders to be released to kick start production. At this juncture, the group just secured 2 customers with revenue guidance of about RM1m monthly. Despite the minimal contribution Kobay’s main aim is to utilize the readily available SMT line and achieve breakeven.
#Advance data server. Demand has improved as bitcoin price has more than doubled from breakeven price of USD27k to 67k as of June 2024.
#Property and pharmaceutical. Property development is expected to deliver positive performance on the back of the completion of its maiden Langkawi project.
#Pharmaceutical shall continue to work on widening its product range, along with cost control efforts to improve profitability and market competitiveness. The division is looking to expand its business in nutrition/supplement that could garner higher margin.

Recap!
To add on to this good news, Kobay is Venturing into Advance Data Server Business by acquiring 65% share in Leapcode Sdn. Bhd. Leapcode presently holds an applications service provider classlicense-ASP(C) issued by Suruhanjaya Kommunikasi dan Multimedia Malaysia on 27 May 2024. Its principal activity is to assemble, maintain and repair engineering equipment inclusive advance data server.

RATIONALE AND PROSPECT OF THE PROPOSED ACQUISITION
Currently, Kobay’s subsidiary, Kobay Industries Sdn. Bhd is providing high level assembly services of advance data servers for its customers (Data Centers) and the Proposed Acquisition is synergistic to the Group’s operation for venture into support business for Data Servers in Data Centers currently mushrooming all over Malaysia especially in Penang, Selangor & Johor!

Why Tech & DC Stock Kobay?

Subsequently, the fit-out process follows, during which newly built data centres are fitted with essential components like server racks, power distribution units, cooling systems, and security measures.

This is the phase where tech players like Kobay with exposure to server and server-related equipment will start to benefit.

“If we were to put a timeframe on this, our estimate would be the period of quarter four calendar year 2024 to first half of calendar year 2025, which is roughly the completion time for data centre construction jobs that started earlier this year,” said Kenanga.

Malaysian Outsourced Semiconductor Assembly and Test services (OSAT) and Electronic Manufacturing Services (EMS) players may be relatively new to the server-related business, but they are well-versed in servicing multinational corporations (MNCs).

With a strong track record of capabilities and reliable deliveries, they are well positioned to excel in this expanding sector.

https://focusmalaysia.my/kenanga-tech-players-are-next-to-ride-the-data-centre-boom/#google_vignette

More upside for Kobay is coming as technology sectors to benefit from the data centre catalyst and the artificial intelligence (AI) theme.
https://www.nst.com.my/business/corporate/2024/08/1090370/bursa-malaysia-closes-higher-midday-buying-interest-telcos-and

Morning Friends & Gentlemen!
Uptrend is still intact! Bargain Hunting in Progress! Let's join Mr. Koay in accumulating on weakness!
Recommendation: If Operator wants to sell cheap Don't Miss! Accumulate or Buyback on current weakness and we wait for another Breakout as Tech & DC stock Kobay is a Rebound King!

Morning Friends & Gentlemen!
Don't worry too much about short sellers. With not much selling pressure, they will have to cover their short positions sooner or later! Analysts Recommends a Strong Buy For Muhibbah! Just Hold & Accumulate on current Weakness as Infrastructure & Construction is a defensive stock. Breakout will happen as Muhibah is still profitable, once the Budget is announced with goodies for the Construction & Infrastructure sector of which Muhibah is a prime beneficiary!

According to analysts, MUHIBAH price target is 1.27 MYR with a max estimate of 1.34 MYR and a min estimate of 1.20 MYR. Watch MUHIBBAH ENGINEERING (M) BHD stock price chart and keep track of the current situation with MUHIBAH news and stock market news.
https://www.tradingview.com/symbols/MYX-MUHIBAH/forecast/

Morning Friends & Gentlemen! I rest my case for Engtex! Have been busy counting profit so didn't post much lately. For those who benefited from my recommendation. Please have a look at my other recommendations like Kobay, Muhibah & even CTOS now selling at a discount!

Contrarian
Must thank laulau for continuously promoting Engtex.

DividendGuy67

For the record, you must be a good trader to win with WB. You need to buy at very good times and sell at good times. And you cannot be inaccurate, because small inaccuracies can mean a difference between profit or loss. And this accuracy is hard work.

Personally, I avoid because it's a 3 foot hurdle for me - it means I really have to make a serious attempt and at this juncture in my life, I no longer look for 3 foot hurdles but low 1 feet hurdle where I can just walk over it and win.

So, I always trade the mother stocks now and so far this buy and sell stock works extremely well for me. It helps I have a sizeable account, so, I don't need the leverage and it helps it's not a zero sum game in stocks. Last year, I made over a dozen trades (buy, sell, closed) and it's 100% win rate. Open positions around 85% win rate on paper (and the losses small). To me, these are 1 foot hurdle. The certainty of winning is what attracts me. I want to know that before I enter the trade, that I have. very high odds to come out winning. And so, I avoid warrants trading. Just sharing.

For example, one of my worst trades is MAGNUM - I published it in my blog. I chased at 1.16. After I chased, price went up and then fell and I sit on unrealized loss for some time. But because it is mother stock, there is no warrant theta decay. And eventually, market runs up, and now, it's a profit. And I took some partial profit at 1.29. Likely this will be another win. If you trade sound fundamental stocks with good fundamentals, even if your timing is inaccurate, you have very good odds of winning. And wins is what attracts me when trying to compound.

7 hours ago


jaynetan

My trades return 90 % derived from Warrants.
Need to understand
What are warrants
How they functions
The intrinsic value n the underlying shares

5 hours ago


TheContrarian

It's so strange some people are upset because I bought Engtex-WB at 41 sen.

3 hours ago


Rambutan9

Diviguy67,you made very good statements which are food for thought.Thanks

For those who wants to talk about warrants. Here the correct place to post. Thks
https://klse.i3investor.com/web/stock/overview/5056wb

Friends & Gentlemen, Rather than wait here at Myeg and incurs opportunity cost as KWAP/EPF's still taking profit from Retailers for pension revision, accumulate Muhibbah now with positive momentum as Breakout's imminent with infrastructure & Construction theme play! After the Dividend & Dividend Reinvestment Plan we can revisit Myeg later?

Morning Friends & Gentlemen!
With a Bullish Bursa & Dow Jones at Record High, Analysts Recommends a Strong Buy For Muhibbah! Accumulate on any Weakness & let's break the small block at RM1.01!

According to analysts, MUHIBAH price target is 1.27 MYR with a max estimate of 1.34 MYR and a min estimate of 1.20 MYR. Watch MUHIBBAH ENGINEERING (M) BHD stock price chart and keep track of the current situation with MUHIBAH news and stock market news.
https://www.tradingview.com/symbols/MYX-MUHIBAH/forecast/

The Block @0.995 already broken! Once Muhibbah exits Penny Stock Status! More Institutional & Foreign Funds will be Buy! More upside coming!

The Edge

KUALA LUMPUR (July 17): Hong Leong Investment Bank (HLIB) Research maintained its 'overweight' rating of the construction sector, and said domestic contract awards jumped 41% year-on-year to RM20.7 billion in the first half of the year (1H2024), driven by data centre (DC) awards.

In a sector update on Wednesday, the research house foresees potential for awards acceleration in 2H2024, driven by long delayed big-ticket infrastructure projects.

It said positive sector sentiment could also come from the finalisation of the Johor-Singapore Special Economic Zone and Budget 2025, as well as structural DC and Johor reinvigoration themes.
https://theedgemalaysia.com/node/719288

Morning Friends & Gentlemen! Breakout coming soon once the small block at 0.995 is broken with a Bullish Bursa! Soft target 1.25 with TP 1.34! Accumulate on any weakness!
https://www.cnbc.com/2024/07/15/stock-market-today-live-updates.html

The Case For Muhibbah! Exiting Penny Stock Status Soon!

Accumulate on any Weakness! Once Muhibbah exits Penny Stock Status, Muhibbah will be re-rated with more Foreign & Institutional Fund Buyers, soft target 1.25 with TP 1.34!

1Q24 results met expectations Bloomberg: MUHI
● Muhibbah delivered a 1Q24 core net profit of RM5.9m (vs. RM0.5m in 1Q22) which was Market cap: US$153.3m within expectations at 12%/11% of our/Bloomberg consensus’s full-year net profits RM721.2m
We expect earnings momentum to pick up in the coming quarters as it progressively Average daily turnover: US$0.50m recognises its RM2bn orderbook (as at May 24).
● The key 1Q24 highlight was associate profit contribution of RM13.4m (+32% yoy) Current shares o/s 727.0m coming largely from its Cambodia airport concession. This is commendable as 1Q23 Free float: 73.3% had included the Siem Reap airport concession that was surrendered back to the Cambodian government in Oct 23. Its 1Q24 passenger arrivals for the Phnom Penh airport concession (PP) and Silhanoukville airport rose 23% yoy to 1.2m, with China passengers making up 22% of the total in 1Q24 (vs. 15% in 1Q23).
● Its construction division posted an RM8.7m pretax profit in 1Q24 (vs. RM5m in 1Q23). Pretax profit for its crane business in 1Q24 rose 30% yoy to RM19m. Of its RM2bn orderbook, RM1.3bn is from construction and RM0.7bn from cranes. Favelle Favco (FF) announced contract wins of RM39m in May 24, which is a combination of tower and offshore cranes. In late-May 24, FF also announced it has entered into an agreement with an Australian developer to build two 14,000 sqm logistic warehouses on its 46,840 sqm land in Sydney, which should boost recurring income once completed in FY26F.
Light at the end of the tunnel for PP scenario?
● We had highlighted in our 2 May report (link) that its PP will likely see a favourable outcome, even though a new international airport for Phnom Penh, known as Techo International Airport, located in Kandal, is currently under construction and scheduled to start operations in 1H25F, according to Cambodia’s State Secretariat of Civil Aviation (SSCA). We believe Techo International Airport will replace the current Phnom Penh International Airport that is operated by Muhibbah.
● Muhibbah said negotiations with the authorities are progressing well and it will likely receive compensation for the loss of its existing operations of PP (likely at BV) and be engaged to operate the new airport at Kandal. This is because the new airport is being built by a JV between SSCA and the Overseas Cambodia Investment Corporation Price (OCIC), both of whom do not have the expertise to run an airport. An article in the Khmer Absolute Times published in Mar 24 also stated that a favourable result for all parties is expected, based on the government’s win-win policy, but details are sparse presently. Reiterate Add and TP of RM1.34
● We like Muhibbah as a proxy for a recovery in tourist arrivals with its Cambodian airport concessions, while its marine expertise and Petronas fabrication licence should enable it to clinch more Petronas jobs, in our view. Key downside risks are patchy execution track record and higher raw material costs. Re-rating catalysts include better earnings delivery and stronger tourist arrivals in Cambodia.

Refer link below on what most IBs issuing CWs think of Myeg. Better follow KWAP/EPF to take profit based on strength before the music ends?
https://klse.i3investor.com/web/stock/warrant/0138

Thanks for your advice.
Loved the Operator's Textbook Modus Operandi.
eg.
#Strike fear on Retailers with talk of more Share Consolidation?
#Attack the Messenger
#If fails, tried Shaming or Praise instead?
#If still fails, Try to attack the Credibility or Raise Doubts instead?

I still rest my case.
"With a firmer Bursa today, Iris is well positioned to move higher once the small block at 0.46 sen is broken, only 500k required. Soft target is 0.50 followed by 0.60 & beyond is still on." :)
Btw for those who profited from my call on Iris, have a look at Vstecs, Kobay or Engtex. Prime candidates for another Bullish Rebound?

Buying pressure is building up again! Book your tickets for the next premier!
RECOMMENDATION:
Take advantage of current Technology & DC connected stock play. Collect Iris as much as possible on any weakness, as Iris is on the verge of another breakout! Don't let sharks collect cheap from stale bulls & weak holders. For retailers with paper loss, now is the best time to average down Iris with minimum risk. With a clean Balance Sheet, good Cash Position, Little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher as already visited 0.46 Sen!. Soft target is 0.50 followed by 0.60 & beyond is still on.

As long as EPF/KWAP keeps on selling, IBs will support with monthly issue of Call Warrants to keep Myeg price low Also the Share dividend & Share reinvestment plan will dilute shareholder's value. Don't forget about the additional Corporation Tax that Myeg may have to pay for Zetrix token profit? Better buy Iris as got positive momentum and comes back after price correction to a more comfortable value?

keepup

every day drop only. lol

Don't miss!, accumulate Iris on any weakness as got positive momentum.

Iris presently has a long green candlestick, indicating there is strong buying pressure; this typically indicates price is bullish!

Remember Pestech Aerotrain contract termination? Government is good at backtracking as Pestech is currently back on Aerotrain Project in JV with IJM. Iris substantial shareholder Dato' Robin's father is TSVT who enjoys good relationship & lobby with present Govt & Royalty. Iris could also comeback into Niise Project through a JV with the successful bidder as Immigration is still using Iris Border Security Management Equipment & Systems. Arbitration with Government on quantum of compensation for Iris on Niise termination is also ongoing? Otherwise why the long delay to announce the successful bidder and why the sudden strong buying at Iris as 2nd wave of uptrend underway!
https://www.freemalaysiatoday.com/category/nation/2024/01/19/no-govt-interference-says-loke-as-pestech-back-in-aerotrain-project/

Wise move. Buy Iris, Kobay or Engtex got positive momentum. We will revisit Myeg later?

Good news! Buy 4 get 3 Bonus Shares!
Bursa Approves Engtex's Bonus Issue!
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES | https://www.klsescreener.com/v2/announcements/view/7197035

Engtex is Bullish today!
Accumulate on weakness! And let's wait for the next Water & DC Play, once Ranhill Utilities announce more water pipes supply contracts with Engtex for Singapore-Johor Economic Zone & DC Hubs? Association with YTL Power & Ranhill is always a good thing? Also don't forget the RM4 billion allocation by Government for Perak to Penang Water Transfer Project. You need Pipes! Pipes for water distribution and Engtek can supply all as:
#Engtex is the only maker of large-diameter MS pipes of up to three metres in Malaysia, used in upstream water supply projects.
#It is one of only two producers of ductile iron (DI) pipes locally (the other being Penang-based YLI holdings Bhd). Highly corrosion- resistant, DI pipes are widely used in water distribution.

Good idea!
CarolineTeoh

I wait below Rm1 ...safer

As long as EPF & KWAP keeps on selling supported by IBs who keeps on issuing Call Warrants on a monthly basis, Myeg would not move much. Also we need to see how Myeg deals with it's tax obligations for Zetrix token profit? Income tax may review Myeg's Income declaration for penalties or raise additional tax which will affect its bottom line?
If free, take a look at Iris, Kobay for Tech & DC play or Engtek for Water & DC play as associated with Ranhill & YTL power play. We can always come back later to Myeg after the dividend & share reinvestment plan?

Good try but wrong analogy as different Business segments for Starbucks. That's all.

Iris Mgt should focus on Iris core biz of Border Control & Security and see as how a Strategic & Business Cooperation between Iris & potential chinese partners could create Synergy for mutual benefits under China Belt & Road Networks with current China- Malaysia Economic Cooperation Umbrella.

RECOMMENDATION:
Take advantage of current Technology & DC connected stock play. Collect Iris as much as possible on any weakness, as Iris is on the verge of another breakout! Don't let sharks collect cheap from stale bulls & weak holders. For retailers with paper loss, now is the best time to average down Iris with minimum risk. With a clean Balance Sheet, good Cash Position, Little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher as already visited 0.44 Sen!. Soft target is 0.50 followed by 0.60 & beyond is still on

To succeed Iris Mgt, needs to be proactive & seize the opportunity offered under the China-Malaysia Economic Development Umbrella to enhance Iris Businesses? We are only highlighting the potential Strategic & Business Cooperation that Iris Mgt could undertake for the benefit of Iris Shareholders under the current China-Malaysia Economic Cooperation. Tks

Thank for your concern.
Read my statement again. The key words is "Iris Mgt could strike the iron while it is hot to announce strategic alliances & collaboration for e-passport, automated border control (ABC) and attendance & security management solutions (ASMS), Ai & Digital Economy for Government & Data Centers with Chinese partners for countries under Belt and Road cooperation network through its International JV partner such as Aitken Spence Pte. As China is ready to work with Malaysia, to build a China-Malaysia community — Premier Li Qiang'. Iris is a developer of smart devices & smart kiosks for Border Security & Control which would incorporate elements of Ai? Iris can work with potential chinese partners with the required technology to enhance it's Border Control Solutions & Systems?
https://www.iris.com.my/smart-kiosks/
https://www.iris.com.my/smart-card-reader-devices/

"Premier Li said China would also expand trade and investment with Malaysia, broaden cooperation in areas such as logistics, new energy, artificial intelligence, digital economy and railway equipment, as well as step up cooperation on poverty reduction, to better achieve mutual benefits.'
https://theedgemalaysia.com/node/716037

Good Morning Friends & Gentleman!
After yesterday's Rebound, Today is another good day for Iris. Dr. Poh and substantial shareholder Dato' Sri Robin could take a leaf from TSVT to Strike the Iron while it's hot to announce strategic alliances & collaboration for e-passport, automated border control (ABC) and attendance & security management solutions (ASMS), Ai & Digital Economy for Government & Data Centers with Chinese partners for countries under Belt and Road cooperation network through its International JV partner such as Aitken Spence Pte as China ready to work with Malaysia, to build a China-Malaysia community — Premier Li Qiang,'

By Bernama / Bernama
18 Jun 2024
https://theedgemalaysia.com/node/715869
https://www.enanyang.my/node/609629
https://theedgemalaysia.com/node/708900

'Premier Li said China would also expand trade and investment with Malaysia, broaden cooperation in areas such as logistics, new energy, artificial intelligence, digital economy and railway equipment, as well as step up cooperation on poverty reduction, to better achieve mutual benefits.'

Yes! Follow EPF/KWAP to Sell Myeg on News! Buy on Rumours!. For those who already took profit? Remember Pestech Aerotrain contract termination? Government is good at backtracking as Pestech is currently back on Aerotrain Project in JV with IJM. Iris substantial shareholder Dato' Robin's father is TSVT who enjoys good relationship & lobby with present Govt & Royalty. Iris could also comeback into Niise Project through a JV with the successful bidder as Immigration is still using Iris Border Security Management Equipment & Systems. Arbitration with Government on quantum of compensation for Iris on Niise termination is also ongoing? Otherwise why the long delay to announce the successful bidder?
https://www.freemalaysiatoday.com/category/nation/2024/01/19/no-govt-interference-says-loke-as-pestech-back-in-aerotrain-project/