@ kelvin

It gives good opportunity to buy when it drops below RM1.
Hope you're right.
-------------------------------------------------------------------------------------------------
Posted by kelvin > May 13, 2019 12:57 PM | Report Abuse

lol. once selling come i scare when u wan to to key in to sell already 1.0

Yeah

Trader's mentality.

We buy and hold and watch it grow over no of years.

@ Anti_debt

What debt are you referring to ?
------------------------------------------------------------------------------------------

Posted by Anti_debt > May 13, 2019 11:39 AM | Report Abuse

Heavy debts behind PP why nobody talk here?

@goodiewilly

1) GDV of RM140 bil is probably realised over the period of more than 20 years.

2)The development of BM is hared 60:40. The CREC Chinese companies are taking up 40% of RM140bil.
Thus, effectively only left RM84bil (60% for IWH portion)

3)IWCITY & Ekovest is not part of the development but has links to IWH.
Both companies MAY receive some subcontract jobs.

4) Now the issue is for IWH to pay the downpayment of RM469.09 mil(LKH portion)

Consortium downpayment:RM741 mil + RM500= RM1,24 bil

IWH: CREC Chinese
60:40 ratio

LKH: Kumpulan Prasaran Rakyat Johor S/B
63:37 ratio


-----------------------------------------------------------------------------------------

Posted by goodiewilly > May 8, 2019 6:13 PM | Report Abuse

someone in this Forum says, the base price is 0.83, the target price is ?? GDV RM140 billions BM is your dream in computing the price..

On behalf of the Board of Directors of Ekovest, RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that the Company proposes to undertake a private placement of up to 10% of the total number of issued shares of Ekovest (“Proposed Private Placement”).



Further details on the Proposed Private Placement are set out in the attachment below.

Details of utilisation:
--------------------------
Repayment of bank
borrowings:
(i) 100,000,000(Min) 100,000,000(Max) Within six (6)
months

Property development
projects:
(ii) 64,000,000(Min) 97,000,000(Max) Within 18 months

General working capital (iii) 4,821,074(Min) 5,353,098(Max) Within six (6)months

Estimated expenses in
relation to the Proposed
Private Placement
(iv) 240,000(min) 240,000(Max) Within six (6)
months
Total 169,061,074(Min) 202,593,098(Max)

@ astalavista

Old News
---------------------------------------------------------------------------------------------

Posted by astalavista > May 6, 2019 4:59 PM | Report Abuse

https://www.sinchew.com.my/pad/con/content_2049561.html

@ ForwardInvestor

I got this article below from TheEdge not announcement from Bursa.

https://www.edgeprop.my/content/1520034/independent-committee-iron-out-details-iwh-crec-over-bandar-malaysia

Don't spread fake news!!


Posted by ForwardInvestor > May 6, 2019 10:24 AM | Report Abuse

I suggest newbie8080 to follow all Bursa Announcement on IWCITY. Analyse IWCITY latest 2018 Annual Report.

Accumulate of weaknesses.

@ForwardInvestor

Where do you get this info?
--------------------------------------------------------------------------------------------------------------

Posted by ForwardInvestor > May 6, 2019 10:01 AM | Report Abuse

To avoid conflict of interest from the 2 ministries, an independent committee was formed to expedite the BM project. Things are not to be just IWH-CREC decisions alone.The immediate action to be done is to submit the deposit. IWH-CREC consortium needs to iron out the funding matters especially IWH. 2 attempts had failed to consolidate the LGH group.What could be the fastest way for IWH to raise funds?

Impressive run from rm2.50 in January 2019 till now. Consolidation time.

DK66,

It's not the isolated event in 2015 that triggers me.

I'm looking at the hydropower plants and their capacity.

If hydropower is able to generate more electricity either through technological advances and getting through the dry season as well,

could it mean EVN would request other thermal powerplant to shutdown the reserves as well?

Is this a distinct disadvantage to thermal powerplant vs hydropower plant in Vietnam?

Why is the Vietnam government favouring hydropower plant over thermal power plant?


-------------------------------------------------------------------------------------------
Newbie8080,

2017 is the only unusual year since operation in 2015 due to unusually heavier rainfall.

Any reason why you see this to be a frequent future event ?

Maybe you can enlighten us.

------------------------------
newbie8080 @ Icon8888

Read between the lines bro.
Venting your anger only reflects your low EQ.
Take a step back and look at it again.

EVN can request MDII to shutdown reserves for 5 months to priorities hydropower plants.

What does it say?

I hope DK66 can provide some insights on this.

@ DK66

Yup. I agree as well.
--------------------------------------------------------------------------------------------

DK66 Vietnam government will not build a power plant only to use it for 7 months annually.

03/05/2019 11:08 AM

@ Icon8888

Read between the lines bro.
Venting your anger only reflects your low EQ.
Take a step back and look at it again.

EVN can request MDII to shutdown reserves for 5 months to priorities hydropower plants.

What does it say?

I hope DK66 can provide some insights on this.

-----------------------------------------------------------------------------------------
Note : In 2017, Mong Duong II was on reserve shutdown for 5 months at the request of Electricity of Vietnam, given that the hydropower plants were running at high capacity due to unusually heavier rainfall.

@ Icon8888

Let me guess.

The PPA is in your hand and you had witness the signing as well.
-------------------------------------------------------------------------------------------

Posted by Icon8888 > May 3, 2019 10:58 AM | Report Abuse

if it is a recurrent theme, the power purchase agreement would have factored that in and reflects in tariff

come on lah... i3 standard has really dropped a lot

the whole place is flooded by newbies

I am not trying to flame

many frustration is genuine

@ Icon8888

Go ahead if you can't help it.
I'm asking for opinion on impact assessment only.
It may sound stupid and ridiculous to you.
Only a fool will know himself.

--------------------------------------------------------------------------------------------

Posted by Icon8888 > May 3, 2019 9:57 AM | Report Abuse

I have been restraining myself not to shoot him...


newbie8080 Any impact assuming consistent annual shutdown for 5 months?

It's not unusual.
I occasionally travel to Cambodia for biz trips previously and noticed your note is quite accurate.
It's normally a rainy season between June to October.

-------------------------------------------------------------------------------------------

Posted by DK66 > May 3, 2019 9:55 AM | Report Abuse

You can use 2017 results as a reference.
However, why do you want to make such unusual assumption ?

--------------------
newbie8080 Any impact assuming consistent annual shutdown for 5 months?

Any impact assuming consistent annual shutdown for 5 months?

----------------------------------------------------------------------------------------------------
Note : In 2017, Mong Duong II was on reserve shutdown for 5 months at the request of Electricity of Vietnam, given that the hydropower plants were running at high capacity due to unusually heavier rainfall.

@ Te_Te

Bandar Malaysia is huge project that goes beyond 10 years.
May take up to 25 years to fully developed.
An example will be Bangsar South.Most of us remember that place back in 2000. Now it's still under development.

Most people who purchased this counter eg: IWCITY and Ekovest are hoping for short term gain only.
Very few people willing to view it long term.
Becoz the future is very uncertain, which is true.
5 years down the road, the government of the day may change and probably the Bandar Malaysia project may be cancelled.

------------------------------------------------------------------------------------------
Posted by Te_Te > May 2, 2019 4:41 PM | Report Abuse

Announced BM then drop....really shame...

Why is the capacity for Mong Duong II is low?
Shouldn't it operate at least between 70%-80%?

@ birkincollector

Below 70 cent is safer.

---------------------------------------------------------------------------------------------------

Posted by birkincollector > May 2, 2019 1:06 PM | Report Abuse

0.76 is safer

Noted. Thanks

By the way, this coming quarter result will be interesting.

Posted by DK66 > Apr 29, 2019 10:38 AM | Report Abuse

By Kenanga research
--------------------------------
newbie8080 I thought someone mentioned that the Jaks management is looking at COD for 1st unit by end 2019.

I have 3 questions. Hope someone can share their opinion.

1) How do IWH-CREC consortium fund the RM7.41 bil purchase of the land?
- No issue for CREC portion(40%) of RM2.96 bil as the company is state-owned by the government of China
- IWH portion (60%) of RM4.45 bil would be a large investment, no backing from anyone.


2) Why is Tan Sri Lim Keng Cheng selling his shares recently?

26-Apr-2019 Insider TAN SRI DATUK SERI LIM KENG CHENG (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider LIM SEONG HAI HOLDINGS SDN BHD (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider MR LIM KENG HUN (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider MADAM LIM PAK LIAN (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider DATUK LIM KENG GUAN (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider TAN SRI DATUK SERI LIM KENG CHENG (a company director) disposed 5,600,000 shares at 1.001 on 25-Apr-2019.


3. How does IWH consist of IWH(63%) and Kumpulan Prasaran Rakyat Johor Sdn Bhd(37%) fund the deposit of RM1.2bil in 60 days?

- No mentioned of IWCITY or Ekovest helping out IWH.
Unlikely these 2 listed company able to fork out RM756 mil cash to help out IWH portion.

I have 3 questions. Hope someone can share their opinion.

1) How do IWH-CREC consortium fund the RM7.41 bil purchase of the land?
- No issue for CREC portion(40%) of RM2.96 bil as the company is state-owned by the government of China
- IWH portion (60%) of RM4.45 bil would be a large investment, no backing from anyone.


2) Why is Tan Sri Lim Keng Cheng selling his shares recently?

26-Apr-2019 Insider TAN SRI DATUK SERI LIM KENG CHENG (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider LIM SEONG HAI HOLDINGS SDN BHD (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider MR LIM KENG HUN (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider MADAM LIM PAK LIAN (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider DATUK LIM KENG GUAN (a substantial shareholder) disposed 5,600,000 shares on 25-Apr-2019.
26-Apr-2019 Insider TAN SRI DATUK SERI LIM KENG CHENG (a company director) disposed 5,600,000 shares at 1.001 on 25-Apr-2019.


3. How does IWH consist of IWH(63%) and Kumpulan Prasaran Rakyat Johor Sdn Bhd(37%) fund the deposit of RM1.2bil in 60 days?

- No mentioned of IWCITY or Ekovest helping out IWH.
Unlikely these 2 listed company able to fork out RM756 mil cash to help out IWH portion.

I thought someone mentioned that the Jaks management is looking at COD for 1st unit by end 2019.

-------------------------------------------------------------------------------------------

Posted by GoHaiDuongGo > Apr 28, 2019 3:24 PM | Report Abuse

http://www.aepc1.ceec.net.cn/art/2019/4/28/art_14630_1888042.html

Working extra hard. COD for Unit #1 will be achieved in 3rdQ2020, and Unit #2 in 4thQ2020 if not earlier.

The private placement at 79 cent looks attractive as compared to market price.

Worth to subscribe.

https://vietnamnews.vn/opinion/519127/coal-fired-power-plant-development-must-come-with-environmental-protection.html#HfKHOFChJE0WGPRR.97

@ uptrending

Have been waiting for this comment.
At least someone here share similar thoughts.

----------------------------------------------------------------------------------------------

Posted by uptrending > Apr 26, 2019 11:40 AM | Report Abuse

Do all gaps get filled?
Most gaps do get filled at some point in time. However, there are exceptions. ... Breakaway gaps are usually among the last gaps to get filled because they are at the start of a move and nearly 100% retrenchment will be necessary to fill the gap properly. H.M.

@ astalavista

Iskandar Waterfront Holdings Sdn Bhd (IWH) owns 38.35% of listed company IWCITY Berhad.

Not the other way around.

https://www.edgeprop.my/content/1221213/lim-kang-hoo-suffers-setback-iwh-iwcity-merger

-------------------------------------------------------------------------------------------------

Posted by astalavista > Apr 25, 2019 6:49 PM | Report Abuse

Must remember guys..we all are here to make money...Tun is my honest man..he already said to revive the BM with IWH-CREC partnership.

Today signed frame work..IWCITY owns some portion of IWH..history repeats same goes to Ekovest..hope for the best !

@ derrtan

Read the general article regarding the BM project.
Which companies involved?


https://themalaysianreserve.com/2019/04/22/bandar-malaysia-to-restart-ihw-crec-is-master-developer/
--------------------------------------------------------------------------------------------------

Posted by derrtan > Apr 25, 2019 6:09 PM | Report Abuse

does ekovest really involved in bandar malaysia development?

Just a reminder for those buying in.
As mentioned by many here, Ekovest is not the party getting the Bandar Malaysia project.
Probably through related company by LKH, there would be some portion allocated.
However, there is no black and white till it's sign and official.

Besides, there's no fundamental in this rally and it's all hype, and it wouldn't last long, and it will reverse.

Please exercise caution and focus on the fundamentals of the company main biz.

Impressive rally for Hibiscus since Jan 1 2019 from 85 cent to 1.18.
38% appreciation in just 4 months into the year.
Congrats to those holding it.

What is your target price?

------------------------------------------------------------------------------------
Posted by (2.6m shares buyback April ) Philip > Apr 23, 2019 7:27 AM | Report Abuse

No need to be so emotional shquah. If they keep writing because things it is even better as if the price can go down by 30th April when I receive my dividends I can buy more stock in it.

Yeah looks like it.
Buyers more than sellers.

Those who had entered on Friday would had made a large gain.

Previously, when Bandar Malaysia was announced with similar IWH-CREC consortium, IWCITY limit up from 90 cent to more than RM3.

The same this round?

If Ekovest could get only 1% of the GDV of RM140bil, it's still a sizeable portion nonetheless.

Ekovest was never involved in Bandar Malaysia project.
It's always had been.
No surprises.

However, it is related to IWCITY which could award or subcon some portion of the construction or development work.

I believe most Ekovest buyers are looking at that perspective instead.

IWCITY valued at ?

What we know:

In December 2015, the Finance Ministry sold off a 60% stake in Bandar Malaysia for RM7.4bil to a consortium consisting of IWH-CREC.

IWH-CREC is a 60:40 joint venture (JV) between Iskandar Waterfront Holdings Sdn Bhd (IWH) and state-owned China Railway Engineering Corp (M) Sdn Bhd (CREC). Businessman Tan Sri Lim Kang Hoo holds a 63% stake in IWH, while Kumpulan Prasarana Rakyat Johor Sdn Bhd owns the remaining 37%.

Meanwhile, IWH owns a 37.72% stake in public-listed firm IWCity. Both Ekovest and IWCity have a common major shareholder in property tycoon Lim.

-----------------------------------------------------------------------------------------
https://www.theedgemarkets.com/article/bandar-malaysia-resuscitation-positive-local-construction-sector

https://www.thestar.com.my/news/nation/2019/04/20/bandar-malaysia-to-take-off-again/

@ Bursalord

Of course.

Gkent had nothing to do with ERCL, only HSR, PMTP and MRT.

It's been great every since holding it from 13 cents.
Time to let go.
I've enough.

Wait till 5pm to know more.

The investor subscribing the 80 cent PP would be better off accumulating it from the open market.

@ Jarklp

DK66 and Icon1888 knows the details and agreement as well. You may query them.
-------------------------------------------------------------------------------------
Posted by Jarklp > Apr 19, 2019 11:41 AM | Report Abuse

Put aside the valuation, can you trust ALP? Do you believe the management is able to execute the plan if they can't even complete the Star project on time locally? They failed to dispose the mall for years. Keep asking for money like a spoilt kid. No one really knows the details terms of the agreement except the management. They were so scared to let Kyy joins to board last time.

Good luck!

Spot on Lizi.

Somehow only Sinchew got the news.

Press conference to 1 company only.

Don't make sense.

Good luck to those bought this morning.

Wow.
I'm lost.
So many messages flying around.

Private placement this round.

Previously was Rights Issue and the share plunge from 1.40-0.42.

Now is private placement. Existing shareholder do not need to pump in more cash.

@ Icon8888

Firstly, I don't really like these analysts from IBs as well.
But DK66 and yourself are saying they are wrong in their analysis and valuation.
Do you know these group of analysts from Public Invest went to meet with their management people.

So what I gather from DK66 and you is, YOUR info and God level analysis from the media and 3rd party sources are more accurate than the interview done face to face by Public Invest team which comprise of fund managers, research analyst,etc with Jaks Resources management people(probably include ALP).

Maybe you should take a step back and think over it.
I'm not here to trigger an argument.
Don't you think your pride is getting ahead of everything.
-------------------------------------------------------------------------------------------

Posted by Icon8888 > Apr 17, 2019 2:16 PM | Report Abuse

The problem with you and many others in life and in stock markt is lack of confidence of your own intellect

For example : in your comments above, you automatically assume the analyst was right . Hence you rationalise and justify for him. And you do that by distorting the real picture by making all kind of silly assumptions etc

An independent thinker is different. He will look at the analyst report, and with a healthy dose of skepticism and contempt, he proceeds to point out what he think is the unreasonable and illogical part

Can you see the difference ? One is a small kid being pushed around. The other is an adult that think objectively to try to figure out the truth

Who do you think can be a better decision maker in stock market and in life ?

From my point of view regarding the Public Invest Report, it seems that the TP=0.75, does not include the ownership and future contribution of the power plant.

I believe it's because Public Invest is right not to include the future earnings of the power plant as Jaks Berhad and Jaks Hai Duong Power are separate entity by law.

Jaks Berhad was awarded the contract to part develop the power plant with CPECC. Future earnings from the power plant biz from JHDP may not necessary be passed back to Jaks Berhad. In fact, it's up to Jaks portion(at JHDP level) whether to include this earnings back to Jak Berhad level.

If I'm ALP, I would not transfer back the earnings to Jak's Berhad as it would require more transparency(due to Bursa & SC regulation) of how ALP can use the cash at listed company level.

I know someone will shoot down this comment as ridiculous.

CYBERJAYA: Dr Mahathir Mohamad says the high-speed rail (HSR) project between Malaysia and Singapore which was suspended last year is still on hold pending talks between the two governments.

“For the time being, we are not going to build.

“We have asked for two years before we talk again,” the prime minister said. “At the moment, we have not given any contracts. So we have to compensate Singapore.”

The agreement saw the project deferred until May 31, 2020. If by then Malaysia does not proceed with the project, it will also bear the agreed costs incurred by Singapore in fulfilling the HSR bilateral agreement.

In July last year, Singapore said it would seek to recover over S$250 million (US$181.66 million) in costs incurred to date should Malaysia cancel the project.

---------------------------------------------------------------------------------------------
https://www.freemalaysiatoday.com/category/nation/2019/04/16/hsr-project-still-on-hold-govt-to-compensate-singapore-says-dr-m/

HSR to Singapore nice to have but priority is to improve Malaysia's existing rail system, says Mahathir
Last September, both neighbours agreed to the deferment till May 2020, and Malaysia has reimbursed Singapore $15 million for abortive costs incurred by the delay.
At a retreat last week, Dr Mahathir and Prime Minister Lee Hsien Loong noted that Malaysia is exploring the possible way forward, with the aim of cost reduction.
---------------------------------------------------------------------------------------------
https://www.straitstimes.com/asia/se-asia/mahathir-says-improve-malaysias-existing-rail-system-before-building-hsr-to-singapore

http://www.myhsr.com.my/kl-sg-hsr/project-overview

http://www.cccc.com.my/ongoing-railway