Blog: Ekovest - From a perspective of a minority shareholder

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2 comment(s). Last comment by Flintstones 2018-03-18 08:44

newbie911

1,111 posts

Posted by newbie911 > 2018-03-18 07:29 | Report Abuse

Botak lim use ekovest to rescue stupid iwcity.
Property counter all at low valuation now, unless offer Rm0.8 to take over ailing iwcity.

Flintstones

1,762 posts

Posted by Flintstones > 2018-03-18 08:44 | Report Abuse

Ekovest will become more undervalued once the takeover goes through. The takeover price of RM 1.50 is fair and in line with the market value of other property companies.

Do not forget about the conglomerate discount. A holding company has always been trading at a discount of at least 20-30% in bursa malaysia. Target price or fair value has to be adjusted accordingly.

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