EKOVEST (8877): News and Blogs

Botak: (Nov 7): Malaysian tycoon Lim Kang Hoo is exploring selling his toll-road business, in a deal that could value the assets at as much as RM5 billion (US$1.1 billion), according to people with knowledge of the matter.

Is exploring ^^

1 week ago

Sell with debts one. RM5B will be the net income.
Inmagine EPF bought 40% duke 1 and 2 in year 2017 at Rm1.12b... And they want about 10% a year.. They need to pocket at least Rm2b in order to get their approval.

1 week ago

The highway concession is until 2069 and can hike toll fee from time to time...
EKOVEST hold 60% of Duke 1 and 2,balance 40% hold by EPF

EKOVEST hold 100% SPE

1 week ago

Actually, based on Year 2020 news report, initially whereby Ekovest plan to listed Duke 1&2 and SPE, whereby Ekovest plan to offer 25% share of its highway concession to raised RM3bil. IF 25% = RM3bil, then 100% will be RM12bil.

Below is the caption of the news:-

"The enterprise value for the three highways was about RM11 billion to RM12 billion, he said.

"Twenty-five per cent of the total enterprise value is about RM3 billion and we can raise that amount to pare down the debts and allocate some for working capital purposes.

1 week ago

Therefore, the current value of RM5bil for Duke 1 & 2 is actually quite a fair price.

1 week ago

I think LKH planning is like this.
Dispose the concession asset to reduce the debt.
The merger Ekovest, Knusford and IWCTY.
Convert Ekovest become a giant congloramate, position itself as the ideal JV partner for any China Company, and holding 4000 acre prime landbank in Johor to develop for next 30 years.

1 week ago

Who know maybe Bandar Malaysia project will come back again, hehe

1 week ago

Hope Ekovest can break 40cts today for next week TP 50cts…

6 days ago

ks55

https://www.youtube.com/watch?v=nK2cmGXwEhw&t=90s

https://www.youtube.com/watch?v=gma52Cdbhz8&t=85s

Ada chance !

6 days ago

curiousq

sell on rumour?

6 days ago

Parria stock ,rumour in also can”t move, mean fake news , if this 5 bil disposal happen Sendai or Mrcb ,2 day at least up 10 sen,
Rubbish ,useless stock ,wasting time ,
40 sen also stay above

6 days ago

40 sen need stay above at least 3 day , if not , all is uselss , rubbish ,uselss ,wasting time ,
1 day show up 2 sen , T+ 3 force selling will back gurantee back to 37 sen again

6 days ago

anson938

Otw to 0.60... 0.80.... 0.99

6 days ago

This parria stock plunge below 40 sen since early August , after that didn’t stay above 40 sen , till today ,
If this parria want go further to 50 sen
First need stay above 40 sen n tahan 3 day no drop below 40 sen ,if not , all good news is uselss rubbish , really call a Parria stock

6 days ago

Whenever PublicInvest comment on any stocks, most of it will not move thereafter?

6 days ago

laulau

Better grab all the cheap shares still available? Rebound soon?
Recap
https://www.forbes.com/sites/anismuslimin/2024/04/15/malaysian-real-estate-magnate-gets-ready-to-tap-prized-land-bank/

6 days ago

laulau
Bit out of date. 6 months behind. A lot of things can change within that time frame.

6 days ago

laulau

The facts remains the same. Accumulate on any weakness, the show is just beginning with more news release?

Malaysian Real Estate Magnate Gets Ready To Tap Prized Land Bank

Malaysia’s expanding economic ties with Singapore have made the southern state of Johor, where a new special economic zone is to be created, an investment hotspot for its tycoons. (SJ-SEZ to be signed on 8 December.)

Notable among them is property and construction magnate Lim Kang Hoo, whose firm, Ekovest Construction, a unit of his listed Ekovest, was awarded a nearly 2 billion ringgit ($422 million) contract in 2022 to build a rail link between the two neighbors that is now nearly two-thirds complete. (RTS Link to be completed soon by Ekovest)

Looking to leverage his group’s massive land bank in Johor, Lim announced a restructuring plan in September to consolidate privately held Knusford and Iskandar Waterfront Holdings as well as listed Iskandar Waterfront City (IWC) under Ekovest. (Once LKH monetize Duke 1&2, Ekovest will have the cash for the Merger Plan which is in progress?)

6 days ago

Buy on dip.

6 days ago

laulau

Yes! Way to Go! Buy the Dip!

# 1.
https://www.nst.com.my/news/nation/2024/10/1114313/johor-singapore-sez-agreement-be-inked-dec-8

#2.
https://www.bharian.com.my/bisnes/lain-lain/2024/01/1207076/kemajuan-pembinaan-projek-rts-link-mendahului-jadual-asal

#3. Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford
https://theedgemalaysia.com/node/720615

#4.
https://www.bharian.com.my/bisnes/korporat/2024/11/1321061/ekovest-mahu-jual-konsesi-duke-pada-harga-rm5-bilion-saham-melonjak

6 days ago

Situpid guy theyoungman kena stuck 53 sen ,n average down 48 sen ,45 sen ,43 sen 40 sen , bodddoh punya org , this parria stock plunge below 40 sen since early August till today ,almost 4 month, didn’t stay above 40 sen ,never stay before 1 day about 40 sen, situpid guy theyoungman kema stuck since early Feb 2024

6 days ago

Accumulate on weakness. Do not speculate, punt, and contra. Cheers. Buying.

6 days ago

The grapes are sour. Can't eat the grapes and saying grapes are sour. Bullet kosong liao ah? 😁 BUY

6 days ago

https://www.klsescreener.com/v2/news/view/1422139
According to Nanyang news , the sale of toll business is a fake news , confirmed by conmen !!! 😓
Like that also can ??

5 days ago

The only real news is :- this is a fart king conmen s counter !! 😭

5 days ago

Next week limit down liao !!

5 days ago

So back to 0.36 on monday before doing it's usual dance of 0.36 - 0.385. Big TRAP

5 days ago

Sources: Ekovest’s Lim Kang Hoo mulls Duke concessionaire stake sale in potential billion-ringgit deal.
https://www.malaymail.com/news/money/2024/11/07/sources-ekovests-lim-kang-hoo-mulls-duke-concessionaire-stake-sale-in-potential-billion-ringgit-deal/156123.
Dated 7/11/2024, no comment!

4 days ago

Wa sudah cakap early ini fake news , first day up 2 sen , second plunge 1.5 sen
Wa bagi u org tau
Only QR NoV will determine it direction

1 ) Net loss , this parria stock will trade below 40 sen until 31 Dec 2024

2 ) net profit , will trade 40 sen - 50 sen for month Dec,

This paria want move further up ,
First criteria need break up 40 up n stay above 40 sen at least 3 day,
If wa are u , wa will wait until break up 40 sen only go in , no need wasting time follow this situpid guy buy on deep , kena stuck 53 sen already 10 month since Feb 2024

4 days ago

Q 0.35 next week

4 days ago

Qtr Nov made to show profit …

3 days ago

RamsyNa

Either the report is green or the investors' faces are green 😁

3 days ago

Judging by the share price( as qr will be released end of the month) I can guarantee you the coming report is gong to to be big loss again !!

3 days ago

If QR good, the share price won’t stay like that and you will see insiders sapu-ing non stop !!! Fart liao this conman s counter ! All retailers trapped with this sinking pirate ship Liao 🚢

3 days ago

this counter is required good news to move, good result not really can move a lots also

3 days ago

most important is they can approve the restructuring plan fast and list the highway soon. sure the price will be limit up!!

3 days ago

Qtr Sept should be good as last QtrJune did not incorporates a sales contract which will be reflected in this Qtr Sept to be announced within Nov….

2 days ago

how can be good due to heavy interest expenses unless from gain on disposal of lands lo.

2 days ago

tikcus

Christmas coming soon, we will see Mr Lim laughing Hoo Hoo Hoo...

1 day ago

Santa is not BALD.

1 day ago

Just can't seem to shake off the 0.365. Keeps coming back to this level.

1 day ago

turbochart

Run!! Iwcity suspended soon

1 day ago

If Ekovest a Company with strong link to the King and Johor cannot perform, the whole KLSE can be considered as nonperforming and sidelined by foreigners for quite some times unless PMX can do something..

19 hours ago

2 more week will know it direction , net profit will trade month Dec 40 sen - 50 sen ,first criteria need stay above 40 sen and tahan at least 3 day ,no drop below 40 sen , only can see 50 sen else follow this public invest analysis 43 sen all is bullshits , and also follow this situpid guy theyoungman buy on deep wasting time ,this situpid average down buy 53 sen , 50 sen , 48 sen , 45 sen ,since Feb 2024 ,stuck 10 month, situpid punya org
Trade smart way , no need wasting time ,
The best choice to go in is break out n stay above 40 sen at least 3 day

18 hours ago