Posted by Teh Diven > 2018-02-27 23:54 | Report Abuse

KUALA LUMPUR (Feb 27): Ekovest Bhd’s net profit jumped 33.86% year-on-year to RM54.93 million in the second quarter ended Dec 31, 2017 (2QFY18) from RM41.03 million on the back of better contribution from its property development segment.

Earnings per share grew to 2.57 sen in 2QFY18 from 1.92 sen a year ago, the company announced this evening. Quarterly revenue climbed 8.34% to RM297.88 million from RM274.96 million.

Ekovest said its construction sector achieved lower revenue and profit before interest and tax in 2QFY18, mainly due to the completion of phase two of the Duta-Ulu Klang Expressway, resulting in lower progress construction workdone.

The property development segment saw higher sales recognition due to increased progress of work done which raised profit before interest and tax to RM23.31 million for 2QFY18 compared with RM6.32 million in 2QFY17.

As for toll operations, Ekovest registered lower revenue of RM36.18 million in the quarter under review, compared with RM37.64 million revenue in 2QFY17, which included a one-off toll compensation of RM7.97 million. “Had the compensation amount been excluded, the 2QFY18 revenue would have been higher by RM6.52 million,” Ekovest explained.

For the cumulative six months ended Dec 31, 2017 (6MFY18), net profit went up 16.89% to RM94.83 million compared with RM81.13 million while revenue grew 10.45% to RM528.52 million from RM478.50 million in 6MFY17.

The board expects the ongoing construction of the Setiawangsa-Pantai Expressway, River of Life and related projects, the opening of the DUKE Phase-2’s toll revenue and the recognition of unbilled sales from property development activities to contribute positively to its turnover and profitability in the financial year ending June 30, 2018 (FY18).

Barring unforeseen circumstances, Ekovest is confident its performance would remain satisfactory for FY18.

Posted by scrown > 2018-02-28 08:44 | Report Abuse

As qouted from Rays, DPS
Bank term loan RM 38,000
Total net book of properties RM 72,000,000
Retained earning RM 56,500,000
MSIG insurance RM 26,000,000
Net asset per shares RM 0.19

Posted by Diven Teh > 2018-02-28 08:54 | Report Abuse

still poor management. No plan to improve.still maintain less than 10 cts counter.

Posted by JJchan > 2018-02-28 09:42 | Report Abuse

27 Feb, 2018 announcement of litigation-----Trial begins------No more CM----can someone check

Posted by scrown > 2018-02-28 11:04 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5493025

27-02-18 announcement of litigation is referred to the above announcement

Posted by scrown > 2018-02-28 11:10 | Report Abuse

The latest trial is for HSBC and not MSIG

Posted by scrown > 2018-02-28 11:13 | Report Abuse

www.bursamalaysia.com/market/listed-companies/company-announcements/5493021

Posted by mikeann > 2018-02-28 11:54 | Report Abuse

Very strange. Why is it taking so long for the final decision by the court on MSIG insurance claim? Few years have passed. When is the next date for hearing for the case?

Posted by mikeann > 2018-02-28 11:59 | Report Abuse

Any one knows when is the hearing date for MSIG insurance claim ? Totally no news or update from company or Bursa ??

Posted by Hein > 2018-02-28 15:40 | Report Abuse

long time not here, what you mean JJ? CM 23rd March right?!

Posted by JJchan > 2018-02-28 16:20 | Report Abuse

hein.....I was looking at this"The Board of Directors of DPS wishes to announce that the trial has commenced and still ongoing

Posted by JJchan > 2018-02-28 16:22 | Report Abuse

I thought management has advised us about " case mangement ". If it is CM, the wording should CM and Not "Trial"......If someone can check Court schedule, then it should be Clear the Air

Posted by davidkkw79 > 2018-02-28 17:43 | Report Abuse

Insurance claim theme again... Lol

Posted by Hein > 2018-02-28 17:56 | Report Abuse

JJ, this is different claim. It is With HSBC. If this case follow the case as MSIG then it need go until federal court again. Lol.

Posted by davidkkw79 > 2018-03-01 12:10 | Report Abuse

where is dividend ? Only the dividend is the proof of company really making money

Posted by scrown > 2018-03-01 13:12 | Report Abuse

No dividend for this counter, u have to sell your shares n forget DPs to invest into other counters. This counter is not suitable for you.

Posted by scrown > 2018-03-01 14:34 | Report Abuse

Without any provision of depreciation for $3.6 m, DPS profit is $0.5m up to third quarter of 2017 n mainly contributed from property development

Posted by scrown > 2018-03-01 16:09 | Report Abuse

Good news. Thank you

Posted by mikeann > 2018-03-01 17:48 | Report Abuse

Stock at support level for a long time. Rebound imminent. First resistance at 0.11

Posted by Hein > 2018-03-01 22:17 | Report Abuse

Jeremi, last year went to tanjung minyak, it got nothing there. You sure now is developed?

Posted by Hein > 2018-03-01 22:20 | Report Abuse

JJ, MSIG case can see from efs. You know where to get HSBC one. I cant get the case no and trial location. Anyone know can share. Tq

Posted by JJchan > 2018-03-02 17:03 | Report Abuse

HSBC just filed only where got date.....High Court very busy taking political case first (Ge14)

Posted by scrown > 2018-03-02 19:24 | Report Abuse

HSBC filed last year, most likely to claim losses on machinery or equipment from HSBC to pay off outstanding loan.

Posted by JJchan > 2018-03-02 20:23 | Report Abuse

Looking at Shantawood case on reassessment, 6 months still in Case management

Posted by Hein > 2018-03-02 23:26 | Report Abuse

Noted,Tqvm!

Posted by Hein > 2018-03-06 07:50 | Report Abuse

Hi kk7198, of coz relax. My company profit getting huge. Think want to make it listed. Lol

Posted by Teh Diven > 2018-03-06 14:15 | Report Abuse

Dear all
Better focus other good counter
Our dps counter got no direction
Always like gostan n break new high
From 12 cts after 3 yrs become 0.075 cts
Bravo

Posted by scrown > 2018-03-06 17:08 | Report Abuse

So, they're busy to spend their working capital for development.. then we have to wait as investment on this counter

Posted by Diven Teh > 2018-03-06 17:10 | Report Abuse

poor management and price will reflected the value of the company. they dont bother at all if continue drop and drop

Posted by scrown > 2018-03-06 18:07 | Report Abuse

Sad, why depress yourself to invest this counter, someone needs your shares as they collected not enough n ask more unhappy investors to sell out on the open market for them to have bullets to create volume

Posted by Hein > 2018-03-07 11:34 | Report Abuse

Kk7198, 我的公司的营业额只可以挂招牌，哈哈哈!

Posted by Diven Teh > 2018-03-07 19:29 | Report Abuse

what they are doing? when market booming, this counter zzzzzzzzzzzzzzzz but suddenly drop from 9 cts to 0.075 cts...........

Posted by Diven Teh > 2018-03-07 19:29 | Report Abuse

better taking private and delisted

Posted by abc333 > 2018-03-08 12:24 | Report Abuse

peter dont want give his cut to shark, how to goreng?

Posted by abc333 > 2018-03-08 12:37 | Report Abuse

management know enjoy sports car and women only. bangla can manage company better than them. hopeless company, wait for the claim only.

Posted by moguiyu > 2018-03-08 13:11 | Report Abuse

boh seow lam......boh seow lam.......boh seow lam.......boh lam eng......boh lam eng

Posted by Diven Teh > 2018-03-08 16:18 | Report Abuse

i dont see any value here now

Posted by Orson Chin > 2018-03-08 16:54 | Report Abuse

Rays..... where is ur reference from?

Posted by JJchan > 2018-03-09 12:42 | Report Abuse

Eventhough Claim is 20m++, CM more than 6mos is rare. I think Peter is again delaying CM
release for his own benefits

Posted by JJchan > 2018-03-09 16:42 | Report Abuse

suddenly someone parked 2m shares in each level (0.0750, 0.070, 0.065, 0.060, 0.0550)

Posted by JJchan > 2018-03-09 16:43 | Report Abuse

really want to Buy Or April fool day

Posted by JJchan > 2018-03-09 16:53 | Report Abuse

you need a margin account of RM3m to key in 5 levels(0.075--0.055) Buy of RM650,000

Posted by Hein > 2018-03-09 18:55 | Report Abuse

Rays, you make me miss of Yingchai so much,lol

Posted by Hein > 2018-03-09 19:00 | Report Abuse

I did park some at 0.07. This bo siow lan, don't want to sell to me. KK7198, I waiting to collect not selling. This counter is good, when every counter dropping. It stay there firmly. But, ofcox it stay there when market up.

Posted by scrown > 2018-03-12 10:45 | Report Abuse

Status / Tkh Lulus : Lulus 08-Jun-17, when complete? Fully sold Within a year or ? Projected Gross profit rm40? Future p/e?

Posted by winfai > 2018-03-12 12:48 | Report Abuse

It look like an approval of project, but without apdl, dps cant launch the project.

Posted by scrown > 2018-03-12 14:31 | Report Abuse

What is apdl

Posted by scrown > 2018-03-12 18:43 | Report Abuse

Huat LAU but no supporters come in!

Posted by Diven Teh > 2018-03-13 16:53 | Report Abuse

tight up here and there apa guna if the price still like zzzzzzzzzzzzzzzzzzzzzz

Posted by Hein > 2018-03-14 09:47 | Report Abuse

Kk7198, thank you for your opinion. I did ask you to buy superman when it is just 1.9. But the price now is high. I dare not to enter at this price. I miss the boat. Congrats to you!