Hopefully, the SPE highway aka Duke 3 will bring better value to Ekovest.

However, diversification may not be a bad thing as now construction and property segment is generally politically linked, having other source of income would help reduce dependency.

Malaysis exports 17,000 tonnes of durian to China and it sell more than rm300 per kilogram to China market.
That's a RM5.1 billion biz assuming population of China remains unchanged.

With Lim Kang Hoo having good ties with the Chinese, it may prove to be a bigger biz than it's construction and property biz if executed well.

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https://www.thestar.com.my/news/nation/2018/11/02/china-only-imports-premium-durian/

https://www.thesundaily.my/archive/ministry-optimistic-exporting-fresh-musang-king-china-next-year-AUARCH556405

SO means OMV itself is valued at RM5.4 bil which is bigger than Sapura's market capitalisation.

So buying sapura at 32 cents means others segments of Sapura is basically FOC.

Operating under the BOT format, the project boasts around $1.75 billion in total investment capital, 80 per cent of which is sourced from a consortium of several international banks. If the project runs smoothly without any hitches, Vinh Tan 1 Power Co., Ltd. will be able to pay off all debts and start generating profits 18 years after the plant starts commercial operation.

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https://www.vir.com.vn/vinh-tan-1-gearing-up-for-operation-61958.html

@ DK66

In my opinion, this would happen theoretically when all the factors, conditions and catalysts are perfect.
Anyway, hope your TP will hit it one day.
Thumbs up!
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Posted by DK66 > Mar 12, 2019 12:10 AM | Report Abuse

edkfc,

Yes , My TP is very high.

I have made a conservative forecast of RM300m to RM500m profit from the vietnam power plant, and more if the power plant is operating at more than 80% PLF which is quite likely given the severe shortage of power in vietnam. Power generation business can easily command between 10 - 15x PE.

So, yes, my TP is jaw-dropping between RM7 - RM10 which is likely to materialise in 2022 after it reports a full year operating results from vietnam IPP. The power plant will be fully operational by end of 2020.

I have written 3 articles and made hundred of comments on Jaks. Hope you will be able to find some answers there.

It would be impressive if IWCITY gets back the Bandar Malaysia project.
But will it be too big for the company to swallow since the project is worth rm160bil development over 25 years.

@ DK66

When is best time to exercise them in view that the expiry date is still far away?
As it is not necessary to wait till it expires.
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Posted by DK66 > Mar 11, 2019 07:36 PM | Report Abuse

icon8888 and I did. Why ?

================
newbie8080 By the way, anyone here subscribe to the previous rights warrant?

@ DK66

Because there's corporate exercise in the company frequently, such as private placements and rights(shares/warrants), the no of shares tend to grow over time.

It's possible for the company to have more than 1 billion shares in the next few years taking into account of warrant conversion, stock options,bonus issues,etc.

Thus, putting a TP is very not accurate for a future valuation
as eg: rm10 with 1 billion shares making it almost rm10 bil in market capitalisation.
That's quite ridiculous if you look at it and compare with ytlpowr market capitalisation's of 7 bil and annual revenuw of more than rm10bil.

@ Icon8888

Sharing my opinion and views only. Haha.
I maybe wrong.


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Posted by Icon8888 > Mar 11, 2019 07:57 PM | Report Abuse

newbie8080 is trying to teach you a thing or two about investing

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Posted by DK66 > Mar 11, 2019 07:37 PM | Report Abuse

Sorry, I don't understand.

=======================
newbie8080 @ DK66

Market capitalisation looks more appropriate in view of the frequent corporate exercise that will inflate the no of shares.

By the way, anyone here subscribe to the previous rights warrant?

@ DK66

Market capitalisation looks more appropriate in view of the frequent corporate exercise that will inflate the no of shares.

@ 1128

105,270 lots valued at rm10.606 mil
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Posted by 1128 > Mar 11, 2019 04:03 PM | Report Abuse

@newbie8080 : what is IDSS volume now?

This counter very susceptible to short sellers.
Not surprising if it limits down again.

@ Ho Sook Ching

TP is not so important but rather if the company does well, it should reward shareholders through a series of bonus issues and dividends.
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Posted by Ho Sook Ching > Mar 11, 2019 10:36 AM | Report Abuse

How much for your all tp?

@ 1128

I'm trading using Kentrade apps under Kenanga.
It provides this info.
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Posted by 1128 > Mar 11, 2019 10:25 AM | Report Abuse

Any Android apps can see IDSS?

Looks like may breach below rm4

@ (S = Qr) Philip

Referring to your target price to sell rather instead of time.
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Posted by (S = Qr) Philip > Mar 9, 2019 12:43 AM | Report Abuse

when? today? I target 9.2 if we are looking at today?
When is your target date?

@ 1128

IDSS volume at this time of writing is 35,822 lots valued at RM3.649 million.

There is a proposed rights warrant 1 for 4.

The company need more money?

@ (S = Qr) Philip

What is your target price for PETRONAS Chemical?

The metering segment is good but lack recurring income as the water meter are quite durable and normally replacement cycle is very long, probably every 2-2 decades.
Thus, most biz are 1-time and really have to grow new markets.

It looks like its going back to rm1?

Need Repco power to boost it

Maybe one day Sapura energy will surpassed Hibiscus also.

If more sellers than buyers, the stock tend to appreciate slower and most of the time prefer to trend downwards.

It's demand and supply thing.

Hibiscus can limit up for 3 session in a row also if there is a news saying PETRONAS is taking over Hibiscus and delist it.

It's also catalyst that moves the stocks.

@ DK66

Most analyst worldwide are predicting a financial crisis looming in the next 12-24 months.

The timing will coincide with the initial operation of the power plant.

Any comment the company's financial & share price?

NO IMPAIRMENT REQUIRED


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https://www.thesundaily.my/archive/top-glove-sees-75-increase-q4-net-profit-EUARCH583683

@ Ong Hong Ming

Impairment for what purpose?

Hopefully major shareholder PNB will reduced Shahril's annual earnings to below RM5mil and bonuses applies to the performance of the company.
That would save the company rm60mil++, and would help the company turnaround.

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https://www.theedgemarkets.com/article/shahril-explains-his-high-pay

Assuming you had bought it at RM1.

I think is not so easy to just sit still and enjoy the rally as we do not know how high and how low it will go. As this historical chart shows the entire cycle, the start and end, of course we see your point.

However,let's give an example of Hibiscus, a live example.
Say by next Friday it slowly creeps up to RM1.80, will you sit still or sell?

Saw from google Earth, there's some cranes and land clearing.
But can't see the ekovest logo unless go to the site.

Many frustrated with hibiscus not blooming.
There's many other o&g counters to buy and many are rallying.

Quarter result out this month.
Any comment on the result since many o&g doing well.

wow.
Something is brewing in this counter.
No news yet means good news.

@ meisarel

Wow. Good to hear that.
Remember if whatsoever reason it drop to 40 cent next few months. Please hold on tightly.

Hibiscus made more than RM300mil net profit in the last 4 quarters.
Don't seems to reflect in the share price yet.

Why share price up so much today?
Bandar Malaysia project is revived?

@ Primeinvestor

Where do you get the order book amount and how much till current?
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Posted by Primeinvestor > Mar 1, 2019 08:42 AM | Report Abuse

I just saw the order book of the company has risen to the highest ever, if revenue is repeating, hoses liao, RM1.80 remember?

Expect for 2019 progress billings increase to 60%.
Else, the company unable to commence the 1st 600MW plant by end 2020.

@ dexeric

Please don't post if you don't have the figure.

As at the time of my writing, IDSS volume represents 33% of the total volume.
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dexeric
584 posts
Posted by dexeric > Feb 28, 2019 03:29 PM | Report Abuse

90% volume is idss...

@ origami

True. You have a point.

But do you agree that Ekovest is still doing well under the current government policies?

ERCL, HSR, Trans-Sabah Gas pipeline & Multi-Product Pipeline, MRT3 had been put on hold/cancelled/etc.

Ekovest's projects still continues.
Food for thought.
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Posted by oregami > Feb 28, 2019 12:24 PM | Report Abuse

why still posting all those number n facts? don't u realised it's the govt policies that determines eko fate?

@ Ong Hong Ming

My opinion is that the bond issued allows to be converted to stocks which represent 5% on the total share issued.
It's dilutive for shareholders.
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Posted by Ong Hong Ming > Feb 28, 2019 02:39 PM | Report Abuse

@newbie8080 the bond issuance has neutral effect to top glove, its the cut down of natural rubber supply that is going to causes a surge in cos of top glove, that’s the reason of recent plunges in its share price

The USD200 mil bond issuance really a disappointment for shareholders.

@ wotvr

Previously, Duke 1 & 2 was valued at RM2.8 bil and sold to EPF for 40% stake valued at RM1.13 bil.
Ekovest declared dividend of 25 cent

Next year, SPE(aka Duke 3) will be completed.

Assuming EPF is interested with the same 40% of Duke 3 valued at RM3.7 bil(cost only), that is RM1.48 bil.
Ekovest may declare a similar dividend quantum at 34 cent.


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Posted by wotvr > Feb 28, 2019 06:13 AM | Report Abuse

Special dividend you wait for them to sell 49% of Duke3 to EPF.

Revenue=361,181
Net Profit=41,191

Previous year:
Revenue=295,568
Net profit=53,640

Should be making losses unless the company have extraordinary gains from disposal of asset.
The property division is bleeding badly, estimated rm56 million per annum and growing.

No doubt on PETRONAS Chemical earnings and future growth.
Superb profit margin and dividend.
Parent company, Petronas is a fortune 500 company.
Don't expect anything less.

Operating expenses, depreciation charge, financing expenses & allowance made for LAD.

Quarterly for the mall maintenance cost.

You can refer to the 3rd quarter report.
It states 3 quarter cumulative at rm42 mil.

SO I can safely assume rm14 mil per quarter.

Gamuda's management hopes that government will provide fair market valuation for it's tolls.

I would think now is time to prove whether Gamuda willing to do NATIONAL SERVICE for Malaysia now.

50% discount sounds reasonable?

Have also another RM14mil losses for the mall's maintenance cost.