Posted by Mabel > 2019-10-13 20:53 | Report Abuse

All I can say about Ikhmas is....

"luka lama belum hilang lagi"

I will continue to hold until next quarter..

Even Budget 2020 no mention about ECRL..

Posted by Mabel > 2019-10-13 20:57 | Report Abuse

Better put my money to top Air Asia so they can lease more airplane for everyone to fly since there's no ECRL and HSR anytime soon.. :(

Posted by ChefSaham > 2019-10-13 21:06 | Report Abuse

this coming week is construction week mentioned by alot of investors

Posted by Mabel > 2019-10-13 21:15 | Report Abuse

If you are a holder of Iskandar Waterfront City Bhd and Ekovest Bhd...

Posted by Mabel > 2019-10-13 21:16 | Report Abuse

Looks like the disposal is not over yet...

08-Oct-2019 Insider AURA PERDANA (MALAYSIA) SDN BHD (a substantial shareholder) disposed 8,200,000 shares on 04-Oct-2019.
08-Oct-2019 Insider IKHMAS JAYA HOLDINGS SDN BHD (a substantial shareholder) disposed 8,200,000 shares on 04-Oct-2019.
08-Oct-2019 Insider DATO DR IR KHOO PING SEN (a substantial shareholder) disposed 8,200,000 shares on 04-Oct-2019.
08-Oct-2019 Insider DATO' ANG CHENG SIONG (a substantial shareholder) disposed 8,200,000 shares on 04-Oct-2019.
08-Oct-2019 Insider DATIN KUN HAW CHOY (a substantial shareholder) disposed 8,200,000 shares on 04-Oct-2019.
08-Oct-2019 Insider DATO' ANG CHENG SIONG (a company director) disposed 8,200,000 shares at 0.080 on 04-Oct-2019.
08-Oct-2019 Insider DATO DR IR KHOO PING SEN (a company director) disposed 8,200,000 shares at 0.080 on 04-Oct-2019.

Posted by ThegreedZ > 2019-10-14 11:23 | Report Abuse

PN 17

Posted by Andra KD > 2019-10-14 13:57 | Report Abuse

Waiting second round rebound from lowest level at 0.07 , good news will coming in very soon, this company can perform well , just collect at the bottom line...

Posted by JN88 > 2019-10-14 14:36 | Report Abuse

RM80-90 million will come in after finish the court case with DJ company....expected the process complete in coming month...

Total debt for company only RM80 plus million.....no debt after received the payment from the DJ...

Posted by kimsean > 2019-10-14 21:19 | Report Abuse

If you guys devote your resources to other promising stocks, it will be many times more productive. Why stick to this failing stock, just couldn't understand.

Posted by flexibt > 2019-10-15 18:10 | Report Abuse

When will it stops?

SHAH ALAM HIGH COURT CIVIL SUIT NO. BA-22NCvC-431-10/2019
BETWEEN ILHAM METRO CONSTRUCTION SDN. BHD. (“PLAINTIFF”)
AND
IKHMAS JAYA GROUP BERHAD (“IJGB”)
1. INTRODUCTION
The Board of Directors of IJGB wishes to announce that the Company had today been served
with a Writ of Summons dated 3 October 2019 (“Writ”) and Statement of Claim dated 2
October 2019 (“SoC”) by the solicitors of the Plaintiff.
2. Details of the circumstances leading to the filing of the Writ and SoC
The Plaintiff, IJGB and Ikhmas Jaya Sdn Bhd, a wholly owned subsidiary of IJGB (“IJSB”)
had entered into a Memorandum of Understanding wherein the Plaintiff and IJSB have been
invited to participate in a proposed project known as Rancangan Tebatan Banjir Sungai
Pendang, Kedah Darul Aman: Menaiktaraf Sungai Choras/Sungai Sala dan Struktur-Struktur
Serta Kerja-Kerja Berkaitan (“the Project”), as a subcontractor by forming a joint venture to
carry out the works under the Project in the event that IJGB is awarded the Project.
Jabatan Pengairan Dan Saliran Malaysia had via the Letter of Acceptance of Tender dated
9 April 2018 awarded the Project to IJGB as the main contractor.
The Plaintiff and IJSB had formed an unincorporated joint venture for the sole purpose of
undertaking the execution and completion of the Project. For the purposes of preparing and
submitting its tender for the Project, the Plaintiff had agreed to grant a friendly loan of
RM1,500,000 to IJGB (“the Loan”).
IJGB had made part payment totalling RM150,000 towards the repayment of the Loan. The
balance of Loan totalling RM1,350,000 remains outstanding and payable to the Plaintiff.
3. DETAILS OF THE CLAIM
The Claim made by the Plaintiff against the Defendant are detailing below:-
(a) Total Outstanding Sum amounting to RM1,350,000.00;
(b) Interest on the Judgement Sum at a rate of 5% per annum from the date of this action
until the date of full and final settlement;
(c) Costs; and
(d) Such further and other reliefs as the Court deems fits and proper to grant.
4. FINANCIAL AND OPERATIONAL IMPACT
The Claim is not anticipated to have any significant financial and operational impact on the
Group’s results for the financial year ending 31 December 2019 since the abovementioned
amount has been accrued for in the financial statements.
5. DIRECTORS’ AND MAJOR SHAREHOLDERS INTEREST
None of the Directors and/or Major Shareholders of IJGB and/or persons connected to them
have any interest, direct or indirect in the Claim.
6. STEPS TAKEN IN RESPECT OF THE WRIT AND SoC
The Company is in consultation with its solicitors on the appropriate action to be taken to
ensure that the rights of the Company are protected.
This announcement is dated 15 October 2019.

Posted by Shangyongling > 2019-10-15 23:05 | Report Abuse

Tp?

Posted by leekokshen > 2019-10-16 14:17 | Report Abuse

Not counting the latest material litigation, there's already 8 cases in the last quarterly report. Moving forward, judging from the trend, the directors and company have no choice but keep disposing shares to survive, not sure whether my observation is right or not.

Posted by TrendLai > 2019-10-16 21:13 | Report Abuse

Bungkus, bungkus.
Bedroom piling specialist.
PN 17

Posted by Mabel > 2019-10-17 10:03 | Report Abuse

Ikhmas Jaya: Served winding-up petition by Ipmuda for owing RM3m. Ikhmas Jaya Group and its wholly-owned unit Ikhmas Jaya SB (IJSB) have been served with a winding-up petition from Ipmuda for owing RM2.97m. The sum is the amount owed for the goods delivered and services provided by Ipmuda. It is currently in consultation with its solicitors on the appropriate action to be taken on the winding-up petition. (The Edge)

Posted by Andra KD > 2019-10-24 14:10 | Report Abuse

Ready to fly...engine sudah mau panas ...

Posted by Mabel > 2019-10-25 10:17 | Report Abuse

You mean with today's 10,000 volume?

Please see the energy and tech sectors counters. Look at their volume...They are the real movers...that's where you should put your money..

At this point in time, I will just to downgrade Ikhmas to Category 3 which is Buy and Forget....

As it is, it's not worth putting more money into this counter than we already have. They need to perform and deliver too. It's pure common sense.

Otherwise, let's see how it goes in the the next QR or when we hear any further positive development on their progress especially with ECRL Project.

To those who celebrating Deepavali and who will be travelling this coming weekend, Happy Diwali and Be safe!

Cheers!

Posted by flexibt > 2019-10-30 15:38 | Report Abuse

Revived?

Posted by Rozali1982 > 2019-10-30 16:57 | Report Abuse

i heard from their staff already 3 months not get salary..

Posted by david123 > 2019-10-31 08:20 | Report Abuse

don't listen to rubbish talk

Posted by gggSTOCK > 2019-10-31 10:49 | Report Abuse

flyyyy

Posted by flexibt > 2019-10-31 11:37 | Report Abuse

2 consecutive days increase with big volume..

White knight to the rescue?

Posted by imvu > 2019-10-31 11:38 | Report Abuse

ketahian apakah ini, kompeni nak bungkus.. mana boleh fly..

Posted by leeling > 2019-10-31 12:50 | Report Abuse

losses 100mil above company moving up what happen

Posted by flexibt > 2019-10-31 16:28 | Report Abuse

@leeling

Probably due to

1) White knight come to rescue
2) or due to D.J. Design & Suppliers Sdn. Bhd court case..

Posted by Mabel > 2019-10-31 22:16 | Report Abuse

Let's see how this will progress...

Posted by flexibt > 2019-11-01 18:56 | Report Abuse

One more solved.

This case settled in 1 month..surprisingly they didnt drag it too long.




MATERIAL LITIGATION IKHMAS JAYA GROUP BERHAD ("IJGB") OR "THE COMPANY") SHAH ALAM HIGH COURT CIVIL SUIT NO. BA-22NCvC-431-10/2019 BETWEEN ILHAM METRO CONSTRUCTION SDN. BHD. ("PLAINTIFF") AND IKHMAS JAYA GROUP BERHAD
IKHMAS JAYA GROUP BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description IKHMAS JAYA GROUP BERHAD ("IJGB") OR "THE COMPANY")
SHAH ALAM HIGH COURT CIVIL SUIT NO. BA-22NCvC-431-10/2019
BETWEEN ILHAM METRO CONSTRUCTION SDN. BHD. ("PLAINTIFF")
AND
IKHMAS JAYA GROUP BERHAD
Further to the announcement dated 15 October 2019, the Board of Directors of IJGB wishes to announce that the Plaintiff and IJGB have reached an amicable out-of-court settlement.



This announcement is dated 1 November 2019.

Posted by Mabel > 2019-11-03 13:21 | Report Abuse

Great ! Thanks for sharing these good news...

Keep it coming...

Cheers!

Posted by Superb99 > 2019-11-04 17:40 | Report Abuse

hope for a positive earning quarter

Posted by Superb99 > 2019-11-06 16:36 | Report Abuse

very slow counter....

Posted by Superb99 > 2019-11-11 13:12 | Report Abuse

i guess this zombie counter is waiting for another drop, huge volume appeared then keeps dropping

Posted by TrendLai > 2019-11-11 20:55 | Report Abuse

Back to 0.08¢ , possible or not???
second quarter revenue only 17 million
third

Posted by rajachulan > 2019-11-12 14:31 | Report Abuse

for the record

Posted by Mohd Akmal Hakim > 2019-11-14 21:01 | Report Abuse

EP0.10. Will come shortly

Posted by TrendLai > 2019-11-14 22:24 | Report Abuse

EPS 0.10 , mana chari??

Posted by flexibt > 2019-11-15 20:04 | Report Abuse

haiz...

asm countered back with their reason.. feud between them continues



IKHMAS JAYA GROUP BERHAD (“IJGB” OR “THE COMPANY”)
KUALA LUMPUR HIGH COURT SUIT NO: WA-22C-96-11/2019
ASM DEVELOPMENT (KL) SDN BHD vs IKHMAS JAYA SDN BHD
1. INTRODUCTION
The Board of Directors of IJGB wishes to announce that the Solicitors of Ikhmas Jaya Sdn.
Bhd. (“IJSB”), a wholly owned subsidiary of the Company, had on 14 November 2019
received a sealed copy of the Writ of Summons (“Writ”) and Statement of Claim (“SoC”) from
the solicitor of ASM Development (KL) Sdn Bhd (“the Plaintiff”).
2. DETAILS OF THE CIRCUMSTANCES LEADING TO THE FILING OF THE WRIT AND SOC
The Plaintiff is the owner of a project known as “Cadangan Pembangunan 39 Tingkat yang
mengandungi 7 blok pangsapuri servis (4214 unit) iaitu : Blok A-29 Tingkat (678 unit), Blok
B-29 Tingkat (618 unit), Blok C-29 Tingkat (560 unit), Blok D-29 Tingkat (678 unit), Blok E29 Tingkat (618 unit), Blok F-29 Tingkat (560 unit), Blok G-29 Tingkat (502 unit), 8 Tingkat
podium tempat letak kereta, 7 tingkat ruang perniagaan (Aras 1-7), 1 tingkat aras kemudahan
(Aras 9), 4 tingkat tempat letak keraeta (Aras LG1, basement 1, basement 2 dan basement
3) di atas Lot 36190, Mukim Petaling, Kuala Lumpur (“the Project”).
The Project is divided as follows:-
a) Package 1A - Diaphragm Wall and 1 No. Test Pile; and
b) Package 1B - CBP Wall, Bore Pile, Rock Excavation, Earthwork, Earthening
System, Basement 3 to Level LG1 and Plunging Column.
Both Package 1A and Package 1B are hereinafter collectively referred to as "the Works".
IJSB had been awarded by the Plaintiff the Works and that IJSB would use reasonable skill
and care in undertaking the Works in accordance to the design prepared by the Plaintiff’s
Consultant.
The Plaintiff claimed that IJSB had delayed in completing the Works, is in breach of the
agreement and works done by IJSB were defective for the Project. The Consultant of the
Plaintiff had terminated the contract and services of IJSB. As a result of the above, the Plaintiff
was obliged to employ another contractor, to complete the Works at an increased price.
3. DETAILS OF THE CLAIM
The Plaintiff made the following Claims against IJSB:-
a) damages for negligence to be assessed; or alternatively
b) the sum of RM1,841,517.57 being cost for the set-off item including the increase in
cost for diaphragm wall;
c) the sum of RM1,600,000.00 being the costs of rectifying diaphragm wall constructed
without water-stop (Non Compliance Record issued) and costs of re-strengthening
of the diaphragm wall;4 and
2
d) the sum of RM3,512,101.13 being the costs of rectifying defective diaphragm walls
where the steelbars were exposed, wall bulging beyond tolerant and leakage at
panel joint for Basement 1;
e) sum of RM4,571,207.22 being the costs of rectifying defective diaphragm walls
where the steelbars were exposed, wall bulging beyond tolerant and leakage at
panel joint for Basement 2;
f) the sum of RM640,320.00 being the costs of rectifying CBP Wall constructed for
using understrength (defective) T40 rebar and casting concrete without
Consultant approval and pile necking (Non Compliance Record issued) and costs
of re-strengthening;
g) the sum of RM300,000.00 being the costs of rectifying defective CBP walls hacking
bulging from gridline N to D at Basement 2, Basement 1 and LG Floor;
h) the sum of RM530,721.30 being the costs of rectifying defective CBP walls hacking
bulging claimed by third party contractor;
i) the sum of RM330,000.00 being the supervision fee for rectification works;
j) interest at the rate of 5% per annum from the date of judgment until full and final
settlement;
k) costs; and
I) such further or other relief as the Honourable Court may deem fit.
4. FINANCIAL AND OPERATIONAL IMPACT
The Company is currently assessing the financial and operational impact on the Group for
the financial years ending 31 December 2019 and 31 December 2020 and a separate
announcement will be made on the same accordingly.
5. DIRECTORS’ AND MAJOR SHAREHOLDERS INTEREST
None of the Directors and/or Major Shareholders of IJGB and/or persons connected to them
have any interest, direct or indirect in the Writ and SoC.
6. STEPS TAKEN IN RESPECT OF THE WRIT AND SoC
The Management is of the view that the Plaintiff does not have sufficient legal grounds for
the claims.
The Company is in consultation with its solicitors on the appropriate action to be taken to
ensure that the rights of the Company are protected.
This announcement is dated 15 November 2019.

Posted by TrendLai > 2019-11-15 20:57 | Report Abuse

RM 0.05¢ possible or not???
Idiotic directors should swap job with Econpile's sanitary helper s

Posted by Michael Kwok > 2019-11-15 21:12 | Report Abuse

5-6 cents can.I prefer Anzo. Different is Anzo balance sheet on look quite clean.Ikhmas look going from bad to worst due to cost overrun and law suit(many).Prefer Anzo

Posted by investortrader88 > 2019-11-16 10:56 | Report Abuse

https://www.theedgemarkets.com/article/ikhmas-jaya-sued-rm1333m-over-alleged-breach-agreement-serviced-apartment-project

Posted by kimsean > 2019-11-16 15:48 | Report Abuse

Elevated itself now to Category 4, Sell and Forget.

Posted by Mabel > 2019-11-17 17:45 | Report Abuse

It's not looking good!

Posted by Superb99 > 2019-11-18 14:12 | Report Abuse

poor counter...

Posted by gggSTOCK > 2019-11-18 15:26 | Report Abuse

can buy?

Posted by investortrader88 > 2019-11-18 19:24 | Report Abuse

order book RM 800 million.plenty projects doesnt mean good profit.always go to court.they need to choose quality customers instead of plenty order book to avoid bad debts. management need to improve this matter!

Posted by Superb99 > 2019-11-19 13:10 | Report Abuse

slowly drops by 1/2 cent day by day like kena poison, downtrend counter

Posted by flexibt > 2019-11-21 18:57 | Report Abuse

Another Round!

MATERIAL LITIGATION IKHMAS JAYA GROUP BERHAD ("IJGB" OR "THE COMPANY") - KUALA LUMPUR HIGH COURT SUIT NO: WA-22C-64-08/2018 IKHMAS JAYA SDN BHD ("IJSB" OR "PLAINTIFF") VS ASM DEVELOPMENT (KL) SDN BHD ("ASM" OR "DEFENDANT")

Posted by JN88 > 2019-11-21 19:36 | Report Abuse

Round your head.... This round court give back ikhmas RM 11.6m

Posted by JN88 > 2019-11-21 19:36 | Report Abuse

I'm waiting the RM80m

Posted by Mabel > 2019-11-22 00:32 | Report Abuse

It's time to change all the directors.

What are they doing?

Posted by TrendLai > 2019-11-22 10:52 | Report Abuse

PN !7
Send the directos to wash toilets for Econpile

Posted by Superb99 > 2019-11-22 17:10 | Report Abuse

Closed at 0.085...poor counter