Posted by Flintstones > 2017-12-28 19:01 | Report Abuse

Dont forget about the upcoming 600k net lettable area cheras mall situated in a prime location. This mall alone is worth at least another RM 500-600m based on comparison value method.

Posted by Flintstones > 2017-12-28 19:15 | Report Abuse

Based on Hektar Reit 2016 annual report, subang parade with a net lettable area of 500k has a market valuation of 420m at an occupancy rate of 93%. WCT paradigm mall JB with a NLA of 1.3m cost rm 1b to build. Ekovest cheras mall situated in the prime location of kl and linked with mrt. Investors can do the math.

Posted by sosfinance > 2017-12-28 20:08 | Report Abuse

Flinstones@ your estimation of EkoCheras Mall is reasonable.

So, Construction segment is about RM2b, Properties should worth about RM2b (including Cheras Mall), SUKE is about RM1-2b.

"The trick in investing is to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot and when people are yelling "swing, you bum!" ignore them.

Posted by HENGYUAN Sexy Babe @ RM21 > 2017-12-28 20:51 | Report Abuse

Wahid?

Posted by sosfinance > 2017-12-28 21:05 | Report Abuse

Whoops! It's Shahril (not Wahid). Mixed up with PNB took over SILK. Let me correct it. LOL.

Posted by Larrytrader > 2017-12-28 22:30 | Report Abuse

Tp?

Posted by happy888 > 2017-12-29 08:04 | Report Abuse

Good piece of article. Pleaze use the same lense and valuation for MUIIND. It will make ekovest look like child play

Posted by stockbullz > 2017-12-29 09:58 | Report Abuse

Not SUKE lah... It's actually DUKE 3 aka SPE (Setiawangsa-Pantai Expressway)

Posted by sosfinance > 2017-12-29 10:31 | Report Abuse

Whoops, let me correct it. Thanks.

Posted by sosfinance > 2017-12-30 23:48 | Report Abuse

Ekovest is super-undervalue. Time will tell.

Posted by sosfinance > 2018-01-03 16:12 | Report Abuse

Even though it went up from 93 sen to 102 sen today, it's still super-undervalue.

This is similar to WCEH, total cost of construction of RM6b, while Ekovest's Duke 1+2 = RM2b (Duke 1 collected toll for many years, Duke 2 collecting toll recently) and Duke 3/SPE under construction = RM4b.

Posted by sosfinance > 2018-01-08 09:49 | Report Abuse

Up again today to 118 sen. Came down very fast, up also very fast. EGM in early Feb.

Posted by sosfinance > 2018-01-11 18:47 | Report Abuse

Those who love roller coaster will love Ekovest.
1) Up from 93 to 118 - 25 sen up
2) Down from 118 to 108 - 10 sen down
3) Up ? Down ?
Enjoy the ride as long as you know the final destination is about 200sen and above. Evokest is like IJM Corp & Gamuda many many years ago, from contractor, diversify into property, and then, toll roads. If your kids are going to university in 5-8 years time, this company can give a CAGR of 15-20%.

Posted by HENGYUAN Sexy Babe @ RM21 > 2018-01-11 19:07 | Report Abuse

Super undervalue? Man, selling at dirt cheap price like a junk.if you can identify the golden crown with diamond from junk, you will make tons and tons of Money. I believe the waiting won't be long