Waiting for Rocket to the moon. A deep-value contractor and toll highway concessionaire, Ekovest is a prime candidate for asset monetisation and a significant beneficiary of the rapidly-growing vibrancy of Johor’s property and construction sectors. Operationally, Ekovest should turn profitable in FY24, driven by improvements in all business segments and commencement of the Setiawangsa-Pantai Expressway. We initiate coverage with a BUY and target price of RM1.10 based on a 50% discount to SOTP of RM2.21. Monetisation of highways seems possible.
2 main factors wil bring KSLE bear to bullish. Budget day and megaprojects HSR. Those companies involved wil gain. RFI tenders for HSR wil expired in 15 Nov 2023 and the announcement wil be before CNY or after or maybe december 2023. Many waiting for good news.
.... Taking the break longer than it should be...... looks like going to be on days nearer to Budget Madani... Go fishing.....without the baits.... so that even the fishes dun disturb you.... hahahaha🤣🤣🤣
PP fix at 0.42, how could it be possible back to 0.30? it is well support for longrun play. now is good to play swing, every 3-5 sens to earn some pocket money. dont miss the flying star.
Positive in time to come. But don't speculate or punt. Invest is still a better choice. Else, if punting or speculating, one may earn 100 times, but just once can go longkang straight away. My 2c, may not be right.
iPlay, IMHO. To deal with CW, got to be very careful. Work out an excel sheet and plug in the formulas (CW has different exercise price and ratios).
Do not invest in CW emotionally. There might be some people shouted CW can cepat kaya (Mr HS John said this always and can eat lobster, and ikan bilis eat fish nia haha), yes, it could be true if lucky. If timing is not with the investors, he or she might burn out the whole investment amount. CW vol will shrink esply when it is nearer to the expiry date. If the mkt is bullish for one or two weeks in near future, today is 10th Oct, still have 1mth 2weeks to go before it expires. But, the mkt will not move up shoot up like no tomorrow. It is full of up and down.
You may choose Cxx if you foresee the mother will be performing well and move towards RM1 in another 6 mths?
Ya, your perspective of potential stock must be with supportive factors like YTL from the benefits of HSR and the duration of the call warrants is important.
If it touch 0.60, take your profit and wait for for the next opportunity to buy in. IMHO it will be awhile before this counter runs away above 0.60. Need more news.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
super168
143 posts
Posted by super168 > 2023-10-05 11:18 | Report Abuse
Fuyoh!!! Uob target price for Ekovest RM1.10. Almost double this.