ECOFIRST CONSOLIDATED BHD

KLSE (MYR): ECOFIRS (3557)

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Last Price

0.37

Today's Change

+0.005 (1.37%)

Day's Change

0.36 - 0.37

Trading Volume

175,400


8 people like this.

1,242 comment(s). Last comment by 100Mark 8 hours ago

pang651

9 posts

Posted by pang651 > 2017-09-17 10:47 | Report Abuse

Any idea when will shoot up?

Kai Loon

212 posts

Posted by Kai Loon > 2017-09-18 22:27 | Report Abuse

Why this stock so quiet...... unlike the other counter so huat ahhh so highhh ahhh.....

QQ12

160 posts

Posted by QQ12 > 2017-09-19 16:40 | Report Abuse

got legal case claim from IRB.... I think price will drop soon...

Ywchew8255

122 posts

Posted by Ywchew8255 > 2017-09-19 17:19 | Report Abuse

Tax again

Posted by WaTakTau Anythings > 2017-09-20 08:56 | Report Abuse

so many sellers at 0.285 to throw down?
while the buyer all withdraw d..
this counter finished d?

Kai Loon

212 posts

Posted by Kai Loon > 2017-09-20 09:30 | Report Abuse

小題大作

Posted by WaTakTau Anythings > 2017-09-20 09:48 | Report Abuse

doubt they purposely get the litigation issue to sell down and collect at lower price?

Posted by klserunner > 2017-09-20 10:02 | Report Abuse

collecting lower price ,i believe it will be fine and over this shit soon

Kai Loon

212 posts

Posted by Kai Loon > 2017-09-20 10:44 | Report Abuse

KUALA LUMPUR (Sept 19): EcoFirst Consolidated Bhd said it has been sued by the Inland Revenue Board, on behalf of the government, over some RM35.47 million in additional tax and penalty the latter is claiming for.

In a statement to Bursa Malaysia today, EcoFirst said IRB had raised additional income tax assessment amounting to RM30.71 million to its wholly owned unit Pujian Development Sdn Bhd (PDSB) for the assessment year 2004.

PDSB disagreed on the basis of the assessment and appealed to the IRB, who forwarded the appeal form to the Special Commissioners of Income Tax (SCIT), which then instructed both parties to attend a hearing on July 23 and 24, 2019.

"PDSB has not paid the additional assessment pending the outcome from the SCIT and hence a tax penalty of 10% amounting to RM3.07 million was imposed on the outstanding additional assessment," EcoFirst said.

It said the additional assessment and tax penalty remained outstanding after 60 days from the payment deadline. As such, it said a tax penalty of 5% amounting to RM1.69 million was imposed.

Hence, in IRB's writ of summon and statement of claim against PDSB, IRB is claiming for RM35.47 million, an interest of 5% per annum on the sum from the date of judgment until the date of realisation, costs, and whatever other reliefs the court deems fit.

"Upon consulting its solicitors, PDSB is of the view that there are reasonable grounds to challenge the claims. In this regard, at this juncture, the company is not able to ascertain the financial impact arising from the claims.

"The claims, however, are not expected to have any material operational impact on the EcoFirst Group," said EcoFirst.

It added that the court has fixed the suit for case management on Oct 5, 2017 and that the company is currently seeking the advice of its solicitors to handle the matter. "Any further material development of the above matter will be announced in due course."

At 16.02pm, shares in EcoFirst were down one sen or 3.39% to 28.5 sen for a market capitalisation of RM228.9 million.

Kai Loon

212 posts

Posted by Kai Loon > 2017-09-20 10:45 | Report Abuse

Guess it would be the tough time for ecofirs to go theough...

Kai Loon

212 posts

Posted by Kai Loon > 2017-09-20 11:05 | Report Abuse

Wa tak tau: walao like that also let you think dao, bravo

Posted by klserunner > 2017-09-20 19:55 | Report Abuse

agreed with Kai Loon its tough time , if for long term this case maybe is good to hold lower prices. Business still there and keep going. I am waiting haha.

Kai Loon

212 posts

Posted by Kai Loon > 2017-09-25 18:42 | Report Abuse

recover fast

Posted by CharXiuBao > 2017-09-26 14:19 | Report Abuse

just see how is the director sapu stocks, we can already know this company's future performace

Chinchin7

12 posts

Posted by Chinchin7 > 2017-09-27 19:48 | Report Abuse

MD very confident on their future

Kai Loon

212 posts

Posted by Kai Loon > 2017-09-27 23:36 | Report Abuse

What is the acceptable PE ratio for property sector?

TakeProfits

1,229 posts

Posted by TakeProfits > 2017-09-28 00:27 | Report Abuse

Lai liao har har. By at arhhhh

TakeProfits

1,229 posts

Posted by TakeProfits > 2017-09-28 00:27 | Report Abuse

Huat arhhhhhh

Posted by CharXiuBao > 2017-09-28 15:01 | Report Abuse

Ecoworld has a P/E of 19.83 but this counter only has P/E of 15.17

Yet you cannot merely compare P/E as Ecofirs is just started to earn profit and incur quite a lot of costs in the past few quarters. Especially it will receive money for the next few quarters from its Sales of condominium in Damansara, Disposal of mall in Segamat, Rental income, Revenue from Upper East and ultimately, the highest earning from Liberty Projects.

If you consider all the other factors I may have a P/E of less than 10 now. Perhaps 8 or 9.

Posted by WaTakTau Anythings > 2017-09-28 16:46 | Report Abuse

the buyer and seller queue always so weird during pre-closing

Posted by klserunner > 2017-10-03 02:43 | Report Abuse

eco eco stay attn after .30

Posted by WaTakTau Anythings > 2017-10-03 09:16 | Report Abuse

wow, just now saw there is 1stack 500k shares q sell at 0.31, worry looo X_X

Posted by Andersonlim > 2017-10-03 13:28 | Report Abuse

Soon will cross over 0.30

Posted by WaTakTau Anythings > 2017-10-03 16:53 | Report Abuse

lol.........................

KKKS

63 posts

Posted by KKKS > 2017-10-05 22:59 | Report Abuse

05-Oct-2017 Insider DATO TEOH SENG KIAN (a substantial shareholder) acquired 140,000 shares on 04-Oct-2017.
05-Oct-2017 Insider DATO TEOH SENG KIAN (a company director) acquired 140,000 shares at 0.299 on 04-Oct-2017.
04-Oct-2017 Insider DATO TEOH SENG KIAN (a substantial shareholder) acquired 348,000 shares on 03-Oct-2017.
04-Oct-2017 Insider DATO TEOH SENG KIAN (a company director) acquired 348,000 shares at 0.296 on 03-Oct-2017.

KKKS

63 posts

Posted by KKKS > 2017-10-05 22:59 | Report Abuse

Any idea why he is acquiring alot??

Posted by Andersonlim > 2017-10-06 00:25 | Report Abuse

Company founder?? From the 1st day drop, he just keep on buy

Kai Loon

212 posts

Posted by Kai Loon > 2017-10-12 16:10 | Report Abuse

GOing to fly soon if some one clear the roadblock

mancingbursa

4,268 posts

Posted by mancingbursa > 2017-10-13 08:53 | Report Abuse

Super bullish? Perhaps

KKKS

63 posts

Posted by KKKS > 2017-10-18 19:48 | Report Abuse

Someone and somebody is always buying at 0.31 ??

3101575000

562 posts

Posted by 3101575000 > 2017-10-20 12:27 | Report Abuse

Quarter result should be good??!

3101575000

562 posts

Posted by 3101575000 > 2017-10-26 11:24 | Report Abuse

AGM 27-10-17 2pm

3101575000

562 posts

Posted by 3101575000 > 2017-10-26 11:27 | Report Abuse

2.30pm tomorrow

darrenliew

1,040 posts

Posted by darrenliew > 2017-10-27 10:16 | Report Abuse

4Q PROFITS AT RM7.8M WAS VERY GOOD (AGST PRECEDING CORRESPONDING Q OF ONLY RM0.57M).
POSITIVE PROFIT GROWTH MOMEMTUM MEANS THE 1Q PROFIT TO BE ANNOUNCED SOON WILL BE GOOD.

3101575000

562 posts

Posted by 3101575000 > 2017-10-27 10:28 | Report Abuse

Hope for the best!

TakeProfits

1,229 posts

Posted by TakeProfits > 2017-10-28 13:05 | Report Abuse

Share price no go up after quarterly results released. Sold my holdings out..

3101575000

562 posts

Posted by 3101575000 > 2017-10-30 17:48 | Report Abuse

Till now, qr result still not out yet!

3101575000

562 posts

Posted by 3101575000 > 2017-10-30 20:32 | Report Abuse

qr result released!!

Posted by adinaphotographs > 2017-10-30 21:28 | Report Abuse

tomorrow will be meletup ma

KKKS

63 posts

Posted by KKKS > 2017-10-30 23:26 | Report Abuse

implode or explode?

pang651

9 posts

Posted by pang651 > 2017-10-31 09:46 | Report Abuse

price maintain ......

Posted by WaTakTau Anythings > 2017-10-31 16:16 | Report Abuse

this is so disappointing...........

KKKS

63 posts

Posted by KKKS > 2017-10-31 20:28 | Report Abuse

Today overall market not so good... So wait for it .

darrenliew

1,040 posts

Posted by darrenliew > 2017-11-01 10:09 | Report Abuse

UNCERTAINTIES IN ITS PROSPECTS/OUTLOOK
=======================================
1) 1Q PROFIT OF RM3.6M WAS 54% LOWER COMPARED TO ITS PRECEDING Q (4Q )
2) EcoFirst Consolidated Bhd has been charged by the Inland Revenue Board of some RM35.5 mln in additional tax and penalty. The latter had raised additional income tax assessment amounting to RM30.7 mln for its unit Pujian Development Sdn Bhd (PDSB) for assessment year 2004.
The amount involved is large

Posted by Kwok Yuen > 2017-11-01 21:11 | Report Abuse

darrenliew 4Q PROFITS AT RM7.8M WAS VERY GOOD (AGST PRECEDING CORRESPONDING Q OF ONLY RM0.57M).
POSITIVE PROFIT GROWTH MOMEMTUM MEANS THE 1Q PROFIT TO BE ANNOUNCED SOON WILL BE GOOD.
27/10/2017 10:16

Few days ago darrenliew is a supporter but now he accuses ecofirs this and that.
Fxck You La darrenliew
What is your intention everyone knows

winnerz

133 posts

Posted by winnerz > 2017-11-16 23:27 | Report Abuse

MERCURY has shot up so much, y not ECOFIRST!

Kai Loon

212 posts

Posted by Kai Loon > 2017-11-19 00:36 | Report Abuse

Can't break 0.315 why

3101575000

562 posts

Posted by 3101575000 > 2018-01-30 20:56 | Report Abuse

Qrt result released : very good , share price should up,up ,up........

Kai Loon

212 posts

Posted by Kai Loon > 2018-01-31 23:58 | Report Abuse

Yeah, have been consolidating for so long, btw I’m gonna hold for a few years even this counter not moving

nickyeo55

1,092 posts

Posted by nickyeo55 > 2018-02-01 10:02 | Report Abuse

Kai Loon is there any special thing in this counter that make u want to hold it for long term ?
Thanks for sharing.

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