Posted by RISK8888 > 2024-01-12 15:39 | Report Abuse

to stay 0.60 pun susah. lagi mau 0.99.

Posted by mkmk > 2024-01-12 16:57 | Report Abuse

limit up pls.... i am happy it at least stay around 60 sen like that... tired if RR come back talk nonsense again......

Posted by curiousq > 2024-01-13 10:20 | Report Abuse

Posted by xiaoeh > 1 day ago | Report Abuse

soon we will see RR again?

why? bcos bitcoin goes HELL ?

Posted by xiaoeh > 2024-01-13 13:08 | Report Abuse

no la bro, that day Eko drop quite substantially bro

Posted by Permutation > 2024-01-13 16:04 | Report Abuse

@OTB
"A cup and handle chart is formed soon.
Super bullish.
I just recommended it yesterday, it shoots up like a rocket.
See you at 0.995 soon.
Good luck.:

Does this stock meets your FA investment criteria??

Posted by OTB > 2024-01-13 22:07 | Report Abuse

No.
The worst is over.
You can see a better result soon.
Thank you.

Posted by miniminer > 2024-01-13 22:14 | Report Abuse

Thanks, bosses, for the CNY ang pow. ......hehehe.............

Posted by trader808 > 2024-01-14 18:20 | Report Abuse

1.I am a fan of Ekovest. I have been here since Sept 2023, still is and will continue to be around.
2. As you are aware, last year in Sept TSLKH has a proposal to reorganize, rationalize and to merge it sister companies to scale up Ekovest and establish it to become a conglomerate.
3. In the mega proposal and among them, Ekovest will buy 70% of Credence a company that belongs to TS at Rm1.14b. Ekovest will issue new share at consideration price of 60 sen. Therefore the transaction would enable TS to receive 1.9b ekovest new shares.

4 .Ekovest will also buy Danga City Mall and 2 parcle of land from Khazana Melati right in the city center of Johor Bahru and in the vicinity of RTS connecting Bukit Chargar and woodland Singapore.
This transaction is value at Rm310 and the share consideration price is also 60 sen. That means TS and related person will receive additional 516m Ekovest new shares.

5. Upon completion, the shareholding of TS will be increased by 1900m plus 516m or 2416m new shares. That is huge and in one master stroke TS is envisaged to own 51% of the enlarged entity of Ekovest if he succeeds.

6.In retrospect, the week before the announcement of the proposal Ekovest sold 269m or 10% of its issued capital at 43.5 sen through a private placement. Thereafter, share price began to rise. And following the announcement of the mega proposal by TS days after, the share price shoot up and hit a high of 61.5 sen. It jumped 41.5% in the shortest time and TS sold some shares

7 Thereafter, share price began to fall and on 7th Dec 2023 the counter gave back all gains and it was back to square one again and closed at 43.5 sen again.

8.From thereon the counter made a strong recovery and again hit a height of 62 sen for the second time on 8th Jan 2024 and again TS sold 1.2m shares at 61 sen. Following the disposal, the share has contracted to 54.5sen. Fortunately the timely analyst report by Rakuten on Thursday quickly lifted the falling share price above 62sen and finally closed at 59 sen on Friday 13/1/24

9. Technically, basing on the candlestick chart Ekovest is undergoing a cup and handle formation. This pattern is indicative of a bullish market. Some has predicted it to go beyond 80sen and one brokerage house has a target price of 116.

10. What is the implication of the share disposal by Tan Sri each time when it hit 60sen and above. By his action, can he damage or destroy the cup and handle formation and turns it into a double bottom in the coming weeks before resuming a spectacular rise and shooting to the sky subsequently.

11. Let's analyse. The proposal has been accepted by the BOD and TS has a legally binding agreement with all the companies. They allowed themselves 4 months to do the due diligence and thereafter enter into a definitive agreement. Next they will submit the proposal to SC and obtain its approval. Thereafter the company will prepare and dispatch circular and convene EGM to obtain shareholders' approval.

12. To obtain shareholders'approval means the proposal is subject to a vote. For the sake of discussion,let us assume if tomorrow is the EGM and in the hypothetical case that the share price is 116, how would you vote and what minority watch dog would say?

13. Remember, the proposal entails TS to inject 1.14b assets into Ekovest and in return would enable TS to acquire 2.416b shares at consideration price of 60 sen. This would be seen as a huge unfair discount. Hence,there is a risk of rejection or an air of dissatisfaction among minority shareholders over the discount. This should be avoided.

13. However,this does not mean that ekovest will not reach 116. It is a great company with huge land bank in the Iskandar region kept under IWB and IWCity.
Ekovest owns DUKE1, DUKE2 and the recently just opened tolled highway SPE. The highways are the most pricey and quality assets of Ekovest that are worth multiple billion of ringgit.

14. I think more excitement and greater volume and volatility will take place after all the shares are in the hand of TS.

15, This is my personal and layman perception of the counter. It could be completely wrong. Happy trading.

14/1/2024

Posted by Bull13 > 2024-01-14 20:21 | Report Abuse

Tomorrow is the deadline for submission of RFP for the HSR. WILL Ekovest express its interest in the Bandar Malaysia project the 2nd time??

Posted by old boy > 2024-01-14 20:33 | Report Abuse

If share price hit more than rm1 during the EGM, I believe most of the minority shareholders would happy to support TSLKH's merger proposal because they are in a happy mode, and won't care whether Tan Sri get new shares for a cheaper price. Most of the retail investors only care about making fast profit

Posted by Lai Yu > 2024-01-14 20:41 | Report Abuse

这故事告诉了我。
以展望,先稳住散户的票。
散户乖乖,好让大户玩一玩。
到散户发现时,已经太迟了。

Posted by RiskRoverExpert > 2024-01-14 22:37 | Report Abuse

rakuten and uob both give tp above rm 1

Posted by Lai Yu > 2024-01-14 23:27 | Report Abuse

Closing over 5.85 is very positive.
Hope 2moro something happening.
And close over 64.5

Posted by OTB > 2024-01-14 23:27 | Report Abuse

Ekovest Bhd (8877) is a diversified company with activities spreading across the construction, property, toll operation, and plantation segments. As a prominent contractor and toll highway concessionaire, Ekovest is set for profitability by FY25, benefiting from Johor's vibrant property and construction sectors plus potential gains from the monetisation of DUKE highways and improvements across its business segments. BUY with a TP of RM1.16 based on our SOP valuation.
Please read the link below.
https://klse.i3investor.com/web/pricetarget/research/70061
https://www.nst.com.my/business/2020/09/626587/ekovest-list-duke-q3-2021-aims-raise-rm2bil

Note :
The PAT for Q1 2024 is 3.083 million, this stock starts to make profit after a few years of losing money. I believe the worst is over for this stock.

Prolintas, the largest toll road to be listed since PLUS was delisted, is expected to launch an IPO to raise nearly 700 million. https://www.orientaldaily.com.my/news/business/2024/01/10/623417
The enterprise value of 134 km Prolintas highway = RM 3.5B.

The enterprise value of the three highways owned by EKovest (DUKE 1&2 and SPE (DUKE 3) is about RM 11 to 12 billion.
The total debts for these 3 highways = RM 6.56 billion, net worth assets of 3 highways are around RM 5.0 billion.
The number of share issued = 2.965 billion.
The fair share price of Ekovest based on DUKE highways asset alone = 1.69.
Hence the actual share price of Ekovest at 0.59 is really undervalued.
Thank you.

Posted by anson938 > 2024-01-15 09:27 | Report Abuse

Will break new record high soon

Posted by sugerdad > 2024-01-15 09:57 | Report Abuse

134 km Prolintas highway = RM 3.5B.

duke 1，2，3 38km = 11b？

Posted by dompeilee > 2024-01-15 10:00 | Report Abuse

Knusford is the only one in the KangHoo stable which is strong today. The only really undervalued one & where the new Agung has a deemed interest...👍

Posted by mkmk > 2024-01-15 10:43 | Report Abuse

tonight we will see announcement boss is selling again i think... hard to go higher before boss finish selling i guess..

Posted by VincentTang > 2024-01-15 11:41 | Report Abuse

Ekovest cup and handle form, sky is limit. Top up Ekovest.

Posted by dompeilee > 2024-01-15 15:42 | Report Abuse

Y Ekovest & IWCity move like snails? Could it be those who wanted & influenced to buy already bought & there are not many new buyers?🙄

Posted by Bull13 > 2024-01-15 16:43 | Report Abuse

With so much happening in JB, Ekovest with its current profitability, will have its hands FULL in all other new projects

Posted by Bull13 > 2024-01-15 16:43 | Report Abuse

Its not scared of no jobs, but scared of too many jobs!!

Posted by sugerdad > 2024-01-15 16:46 | Report Abuse

据 《东方日报》报道，消息人士称，柔佛轻轨将补充新山至新加坡捷运系统（RTS）铁路服务，预计将于 2026 年竣工。

据报道，消息人士还表示，轻轨和RTS将在新山地区形成一小时都会区，使柔佛和新加坡的人们能够享受更方便快捷的公共交通系统，同时也改变他们的出行方式。

柔佛州政府已就连接柔佛轻快铁和RTS的交通枢纽的位置做出初步决定，预计将位于Taman Tasik和Danga Bay地区。

Posted by dompeilee > 2024-01-15 17:00 | Report Abuse

This is what happens when ppl chase overvalued overticketed co. with too many short-term players stuck @ lofty price higher than $1(from 2016 till 2019)...1 miserable tick up...profit can't even buy the cheapest high-end coffee....instead of buying the undervalued gem in the group which is UP NINE ticks today!!!

Posted by theyoungman > 2024-01-15 23:31 | Report Abuse

@trader808,
Nice posting again. Salute to your valuable write-up, it contains lots of values which benefit all investors (ref). U r good. 👍💯

Posted by Trader1234 > 2024-01-16 11:17 | Report Abuse

Trader808, thanks for valueable sharing. U have any indication or thoughts when exercise will be completed that we may see prices starting to move up in definite way? thanks again

Posted by mkmk > 2024-01-16 11:41 | Report Abuse

Likely to go back 55 sen….

Posted by Squirtle > 2024-01-16 12:25 | Report Abuse

Otb buy call
Say Duke highway RM5b worth
Confirm ah

Posted by sell > 2024-01-16 12:32 | Report Abuse

Follow Lim Keng Cheng. Run.

Posted by YuHainTeck > 2024-01-16 12:44 | Report Abuse

Profit taking first before it makes another run.

Posted by UncleFollower > 2024-01-16 12:56 | Report Abuse

You must give credit to OTB in identifying value and summarising it for the uninitiated...whether or not the market recognises and gives it the due value is beyond his control

Duke highway 5B? If you include Duke 123 10B la



Squirtle

Otb buy call
Say Duke highway RM5b worth
Confirm ah

29 minutes ago

Posted by RISK8888 > 2024-01-16 13:40 | Report Abuse

OTB buy call means it is time to SELL?

Posted by anson938 > 2024-01-16 14:47 | Report Abuse

Support level @ 0.58, top up now....

Posted by theyoungman > 2024-01-16 15:34 | Report Abuse

0.575 liao

Posted by anson938 > 2024-01-16 15:34 | Report Abuse

Top up again

Posted by anson938 > 2024-01-16 15:37 | Report Abuse

Washing out the contra player 1st before close higher

Posted by theyoungman > 2024-01-16 15:51 | Report Abuse

Jialat liao. 0.565

Posted by Shines > 2024-01-16 15:56 | Report Abuse

Yes tym just eyeing listing of the Duke Hiway

Posted by mkmk > 2024-01-16 16:02 | Report Abuse

anson olinchaofun d....

Posted by dompeilee > 2024-01-16 16:13 | Report Abuse

Akhirnya the famed OTB also kana RAPE-d...or at least his followers did. Maybe Duke highway should be re-named Puke lowway...

Posted by anson938 > 2024-01-16 16:23 | Report Abuse

Possible to close unchange??

Posted by RISK8888 > 2024-01-16 16:28 | Report Abuse

today going to close low, down hope for rebound.

Posted by mkmk > 2024-01-16 16:32 | Report Abuse

unchange? u ask OTB buy up la.... 575 also good d....

Posted by anson938 > 2024-01-16 16:39 | Report Abuse

The related chart quite nice

Posted by theyoungman > 2024-01-16 16:41 | Report Abuse

Consolidation phase is always normal after recent surge up, profit taking activities set in, quite normal. If investors don't punt and contra, invest with our own limited fund, still fine for mid long term. But, see prices going south is a confirm sian as it affects mkt sentiment already. Next few days may be less activities also, any run up (rebound) will trigger selling. Hihihi

Do not over bullish and do not contra.

Posted by thteh > 2024-01-16 16:55 | Report Abuse

Any idea when is EGM ?

Posted by FrankKY > 2024-01-16 17:04 | Report Abuse

@theyoungman are you on board?

Posted by sugerdad > 2024-01-16 18:36 | Report Abuse

12/01/2024
600,000
Disposed
Indirect

Posted by theyoungman > 2024-01-16 18:59 | Report Abuse

@Franky
Y'day already cleared.

Posted by FrankKY > 2024-01-16 21:17 | Report Abuse

wow, fast mover now...