Blog: Lau333// EKOVEST:Opportunity or Threat?

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8 comment(s). Last comment by probability 2018-05-29 14:59

Jon Choivo

3,668 posts

Posted by Jon Choivo > 2018-05-20 16:40 | Report Abuse

Hmm.

So basically you're doing the SOP calculation done by the valuers back in the iwcity merger. Which put per share value at 3.66.

Problem is, alot of companies look very valuable at SOP but not so much when looked at a earnings basis.

I think this buy out if it happens, will be a big boon for alot of highway concessionaires. Instant cash. Highways usually look good on SOP and DCF basis.

Xixili

3 posts

Posted by Xixili > 2018-05-21 08:14 | Report Abuse

after higheays bought by gomen. they stil can get projects or nt?? all their current projects was awarded by dbkl wor. can still get new projects? incoming P.N. 17?

Jonathan Keung

4,436 posts

Posted by Jonathan Keung > 2018-05-21 13:46 | Report Abuse

there is many ways to skin a cat . buying out toll roads from their contractors not easy but feasible ( given the will of the Pakatan ) pricing wise no more sweetheart deals

optimusprimeXV

1,104 posts

Posted by optimusprimeXV > 2018-05-21 21:57 | Report Abuse

agree.. wait gu gu if you are patient enough to wait...

lifecare

228 posts

Posted by lifecare > 2018-05-21 22:01 | Report Abuse

http://www.thesundaily.my/news/2018/05/20/daim-govt-should-understand-people-are-king-must-fulfill-election-promises

Rakyat is the King now...nationwide TOLL FREE with full abolishment....

Sorry to EKovest....bye bye ...

uptrending

1,852 posts

Posted by uptrending > 2018-05-25 17:20 | Report Abuse

I think the calculation is not completely correct because Ekovest took the rm3.64 billion bond and the cash has been paid to the company, Ekovest to build the DUKE 3 HIGHWAY. The cash is now sitting in Ekovest balance sheet.

If the Govt takes over and makes the said payment redeeming the bonds including the RM 3.64 billion bond meant for Duke 3, Ekovest has to complete building Duke 3 and hand over it to the Govt. It is not all FREE Cash..

uptrending

1,852 posts

Posted by uptrending > 2018-05-25 17:25 | Report Abuse

But then how much is the cost for building Duke 3? The Govt may have different valuation?

probability

14,496 posts

Posted by probability > 2018-05-29 14:59 | Report Abuse

aiya Lau...can you come out with another article explicitly deriving the cash ekovest should be rewarded if gomen is buyback at the concession cost.

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