Duke 3 is not shared with KWSP. It is wholly owned by Ekovest. Only Duke 1 and 2 is shared with KWSP. @investomy

But what you say about listing to raise cash to reduce debt is true, this can push them to list earlier to reduce debt for the highway.

@kebling98 This result mean ekovest is damn cheap
how did you get valuation of 0.60? mind sharing your thinking on the calculation

what's your source?

i think need to wait for 2-3 quarters before this company show some growth

this company you wait another 1-2 years la, and that's if Sammy can success turnaround the company by getting some monorail jobs or O&G jobs. Rather wait when there's more solid news on this company, then only invest in it. Other than that, its all speculative.

I agree to a certain extent to doubt the management in terms of their expansion to SEA for WZ, but at the same time I have seen their increased online presence and focus in Malaysia through their Hengan products into the Malaysian market. For those who invested, can go to AGM and inquire and talk to management about their plans moving forward. For those who have not, can put it in ur radar for future in case management prove to be good.

thanks

anyone knows when K1 will result their quarter?

where is the super show? Ur uncle lied to you

anyone know the reason why its going up? new funder to bring them out of PN17?

@STOCKS168 dont worry, tmr many people will sell to you. Since HSR is delayed, tmr Ekovest will be selling spree.

govt not stable, start date for HSR and BM will not be so straightforward.

how you know? @Frederick Foo. Politics itself not settle, how to launch any projects ?

too little volume to push up. only a small amount of trader

if not, its going to be long time before we see any growth in this business.

meaning they are still very conservative with their expansion in Indo and Vietnam. Hopefully will see them being more aggressive like how they are doing it in Malaysia

@UnclestockMY i heard BM is still delayed for some time as market sentiment is very bad and govt not pushing for it now. so, why u say its still on going?

@oldchinaman they are selling necessity goods, i don't think their products are affected.

But, even Nestle who sell everyday food released quarter profits that fell by 20%, as people not going out to spend.

My opinion is that the sales and profit will fall, but I don't know what extent only. Hopefully, cost is controlled so that they avoid qtr loss.

@oldchinaman do you have any views on management expanding into Indonesia and Vietnam ? It was mentioned in their AGM that they want grow to whole SEA, yet i don't see any progress in the expansion.

but, I think their sales might be affected by MCO as fewer people go shop. so expect lower sales this quarter

They are selling mask Sebastian Power. Please look for WangZhengCare at lazada and Shopee. And they are selling in Giant as well

ur uncle might just be dreaming about big show :)

kancs3118 please look at the balance sheet of Gadang before you make such comments. They are a net cash company, its impossible for them to default on any of their loans.

@Warrior88 to IPO a company have very strict guidelines. IWH is loss making company for past 3 years fails to meet these guidelines. And it will be faster for them to list their company and overcome this guideline through a RTO with Ekovest.

But now it seems investor want to clawback whatever capital due to some disagreement looking at the court injunction. Hope Scomi and the two investor can come to agreement on how to resolve and continue with rights issue

@Warrior88 and @aiaili what TP u guys think for Ekovest in 6 months ?

The two investors have two separate agreement with Scomi Group. They are to underwrite the rights issue, and they are to give a loan to Scomi (which Scomi pledged their Scomi Energy stake as a collateral). I think Scomi Group was supposed to do the rights issue before the loan deadline to help pay the loan back, but since they fail to do the rights in time. Now the loan has defaulted and the two investors ended up with Scomi Energy share. We still awaiting for the rights which can help resolve the tensions between Scomi and the two investors.

Yes, but what is holding up the rights issue? Anyone has some insights? Is it investors, IJM, the CEO, etc or just the progress is slow?

They are not getting a stake in Scomi, but Scomi Energy. That's not what they planned for. They wanted to revive Scomi which has the monorail revival business plan.

roger3210 friday coming, court case hearing, prepare for heavy sell down. Month end another disastrous news, QR result :D

11/02/2020 11:18 AM

It's not a big case

@roger3210 job is not to say facts, but to create fear for price to fall.

HSR make a comeback, important question who will get the contract to build it

dont see any announcement also. what good news you referring to? O_O

@lee_m2020 have any info on what is delaying the rights issue? because without any rights issue, there is no hope for Scomi to tender for monorail project

why director need to sell if got govt project? what reason behind this? @lee_m2020

without the rights issue, Scomi Group is worthless. Wonder what is holding up their rights issue?

if drop to 0.6, i can only q to to collect more.

what is the good news? I dont understand the announcement. What's the point if they mention that the land deal is 52% percentage ratio of Ekovest market cap at 0.79. Someone please help elaborate the implications in layman terms?

Can someone help explain the announcement ? What I understand is if the deal go through, automatically trigger of MGO

anyone can share the link to the circular for the valuation of Ekovest when they made the offer to IWCity? Thank you in advance.

Potentially, if they manage to bid and secure a portion of the contract. Too early to say for now

@oldchinaman what is happening ? CEO is selling his stake?

what's on 171219? please elaborate more

In days? I am eagerly waiting

gone case only if consolidation exercise fails

we will all get our answers at EGM. before that I think there will be more announcement

IWC is so risky, no profit no cash flow. Just land. Invest at ur own risk. Basically u only betting on IWH take over IWC. At least Ekovest there’s many other things to give it value with or without BM

Bursa have very strict rules to IPO. IWH is loss making companies does not fulfill the guidelines of IPO. And RM30bn is definitely not achievable with IWH alone, so Ekovest and IWCity could be together all under 1 company.

my hypothesis is there will be a mega merger plan between LKH companies to fetch RM30bn val

there's no way IWH can fetch RM30b with BM alone. IWH effective stake in BM is only 36% for a which is RM50.4b from the project worth RM140b of GDV. No one gonna pay that much for only RM50b in 10 years.

Alan Lobster when u expecting the BM news that Ekovest is involved ?