KLSE: EKOVEST (8877)       EKOVEST BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.395   +0.01 (2.60%)  0.375 - 0.395  7,178,200
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Market Cap: 1,065 Million
NOSH: 2,696 Million
Avg Volume (4 weeks):5,575,495
4 Weeks Range:0.35 - 0.425
4 Weeks Price Volatility (%):
52 Weeks Range:0.30 - 0.505
52 Weeks Price Volatility (%):
Average Price Target: 0.73
Price Target Upside/Downside: +0.335
Stamp duty exempted for year 2023

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#2]  |  27-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  31-May-2023
T4Q P/E | EY: -8.11  |  -12.34%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.89  |  0.44
T4Q NP Margin | ROE: -10.75%  |  -5.48%


Date Subject
03-Feb-2023 MQ Market Updates - 03 February 2023
05-Jan-2023 Technical View - Ekovest Berhad
20-Sep-2022 Technical View - Ekovest Berhad
31-Aug-2022 Ekovest Net Loss Swells in 4Q as Construction and Property Investment Revenues Decline
27-Jun-2022 Wee: 'White Knight' to Take Over the Major Contractor of JB-Singapore RTS Link
01-Jun-2022 MQ Market Updates - 1 June 2022
31-May-2022 Mplus Market Pulse - 31 May 2022
31-May-2022 Ekovest Confirms Talks of Potential Takeover of RTS Link Project
28-Apr-2022 Trading Stocks - Ekovest
16-Apr-2022 [转贴] [Video:浅谈EKOVEST BERHAD, EKOVEST, 8877] - James的股票投资James Share Investing
01-Apr-2022 DNEX 还有机会再涨吗?| EKOVEST 有望搭上建筑板块的强势走势! | EP M31 | 马股投资交易 | 股票技术分析 | TA_BULLPLAY

Business Background

Ekovest Bhd is a Malaysia-based company principally engaged in investment holding and civil engineering and building works. The group's operating segments are business units engaging in providing different products and services including Construction operations, Property development, Investment holding and Toll operations. The operations of the group are entirely carried out in Malaysia with the majority of the revenue generated from Construction operations.
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  31 people like this.
50cent Don't forget QR..heheh
15/02/2023 2:34 PM
abc333 https://www.channelnewsasia.com/asia/malaysia-johor-iskandar-development-corridor-property-prices-rts-hsr-3285946
18/02/2023 5:21 PM
rijack88 once break 0.425, sky is the limit
21/02/2023 10:47 AM
milodrinker bad qr??
21/02/2023 3:42 PM
theyoungman Rijack, sky or lantai? One is on top. The other at bottom
21/02/2023 6:18 PM
rijack88 sky la.. ekovest gogogo
23/02/2023 3:08 PM
Ron90 yesterday was the 3rd times trying to penetrate resistant level at 42 cents.. hope today will finish at 43 cents la.. momentum banyak baik ..huat huat Botak
24/02/2023 10:02 AM
hng33 https://www.msn.com/en-my/news/national/johor-s-irda-sees-boost-to-iskandar-malaysia-from-special-financial-zone-proposal-in-budget-2023/ar-AA17Ue7T?ocid=msedgntp&cvid=c9e242e43d6e4f9fbdd8744941068c37&ei=43
25/02/2023 2:06 PM
theyoungman for mid long term investment is ok. for punting, better don't gamble.
sell on news, buy on steady development (quiet mkt and less fluctuation). but usually ppl like to see vol then hoot and cheong in... hihihi
25/02/2023 7:46 PM
abc333 杨忠礼集团又在2006年重新提出上述计划。根据当时的计划,如果政府准许杨忠礼集团兴建高铁,他们会到日本、德国和法国这些拥有高铁技术的国家筹募建设资金,并建设一条连接吉隆坡和新加坡的标准轨高速铁路,建设成本为80亿林吉特;高铁落成后列车运行时速可达350公里,民众从吉隆坡前往新加坡只需1小时30分钟,比驾车、乘坐飞机和长途客车还要快,车费也比乘搭飞机便宜[7][8]。德国铁路车辆生产商西门子公司称,该公司有意把西门子Velaro电力动车组(最高运行时速达350公里)输出到马来西亚,作为马新高铁的运行车辆[8]。那时杨忠礼集团主席丹斯里杨肃斌有信心高铁计划会上马[9],而JP摩根也指出,高铁计划的法规问题已经解决,而修建高铁的考虑因素在于依斯干达特区的发展对此有何作用[10]。2008年1月,马来西亚交通部长拿督斯里陈广才说政府还没就高铁建设问题作出最后决定,他又说就算高铁真的上马,也只会是一条宽轨铁路,列车运行时速可达350公里[11],意味着高铁不可能成为机场快铁(采用标准轨距)的延伸线。3个月后,大马副首相纳吉布·阿卜杜勒·拉扎克则强调,高铁建设的成本和风险将由私人投资者承担[12]。





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26/02/2023 10:52 AM
hng33 CMSB, YTLP, Ekovest
27/02/2023 9:28 AM
hng33 For property, instead of IWCITY (lack of new project despite link to ekovest as sister company), better opt for Mahshing (fast turnaround project +high dividend payout minimum 40%)
27/02/2023 9:31 AM
thesteward Hng33 you reentered Ekovest?
27/02/2023 9:32 AM
MichelleNg Something big coming from iwcity. My IB blocking me to place order today. Not sure good or bad...
27/02/2023 9:40 AM
hng33 Still monitoring, ekovest weakness likely due to absent of news development on HRS in budget. Currently, portfolio is fully pack by other stock, need time to free up some first before re-enter
27/02/2023 10:29 AM
hng33 Fundamentally still solid for ekovest after secure RM 2billion RTS project while awaiting SPE concession to fully come on these year.
27/02/2023 10:32 AM
abc333 bad QR??
27/02/2023 10:45 AM
hng33 beware, bursa have classifying iwcity as an affected listed issuer pursuant to Paragraph 8.03A(2)(b) of the Main Market Listing Requirements of Bursa Securities (no core business, only occasionally rely on land disposal), it need to regularize and running business instead of waiting for land disposal.
27/02/2023 10:49 AM
abc333 0.385 support break = gg
iwc alomost euqal to eko now. should i shift to eko?
27/02/2023 10:50 AM
hng33 In contrast, ekovest is totally different from iwcity although share price always move in tandem. Ekovest own and operate DUKE 1 and 2, now awaiitng 7 year gestation period to be end by year end to list in bursa, unlocking concession value. Ekovest also own anther concession, SPE, worth RM 3.7 billion, now only partially open for toll collection, and expect fully open these year. Its construction division also secure RM 2 billion RTS link and Ekocheras mall is profitable mall.
27/02/2023 10:53 AM
William Ng ekovest still got durian land?
27/02/2023 10:58 AM
hng33 To ekovest, aside HSR is key catalyst to move up price, listing DUKE 1 and 2 (ekovest 60%: EPF 40%) and completion SPE are both also catalyst to unlock ekovest deep value
27/02/2023 10:59 AM
hng33 Durian and palm is park under its listed subsidiary PLS
27/02/2023 11:00 AM
abc333 hng33

To ekovest, aside HSR is key catalyst to move up price, listing DUKE 1 and 2 (ekovest 60%: EPF 40%) and completion SPE are both also catalyst to unlock ekovest deep value

couldn't agree more!
27/02/2023 11:14 AM
abc333 trader who enter above 42 last Thursday had to cut loss below 39. QR will decide the direction of this week.
27/02/2023 11:18 AM
hng33 Yup, many expect HRS, but budget constraint limited gov now. However, its matter of time for gov to resume HRS as growing concern over Thailand and Singapore keen to up to China to speed up trading under RCEP.
27/02/2023 11:24 AM
abc333 Budget wont mention HSR. HSR need Spore agreement. News about to study the feasibility of HSR is enough to start the engine
27/02/2023 11:42 AM
milodrinker hopefully this qr wont be a bomb !
27/02/2023 11:49 AM
hng33 Q4 result should continue post recovery in earning
27/02/2023 11:55 AM
milodrinker thank you hng33
27/02/2023 11:57 AM
hng33 RTS contract RM 2 billion secure in June 2022 should start kick in some contraction profit
27/02/2023 11:59 AM
theyoungman MichelleNg, IB block u from buying iw?
In fact, I missed the upside from 0.28 to 0.39, I sold all at 0.285 one mth ago.
Reason why I don't reenter when it drops to 0.265/0.27+-, because of the listing status, due for some planning need to submit to Bursa in order to keep its listing status. So, hence, I hold back my buy on this until after end March2023. Hihihi.

Give it a miss lo. Nvm one. Still got other bb.

In fact, 28-39 is alot... In terms of %. 35% hihihi.... Missed the boat lo.

Can find out why IB block u from buying? When was it?
27/02/2023 6:40 PM
hng33 Ekovest continue under transition phase in which tailing end of construction SPE drag down profit, while awaiting opening full toll for collection to boost up profit later after full SPE completion. Finance cost from concession remain big eroding factor offset most of the profit generating. Ekovest is due to unlock DUKE1 and DUKE 2 through listing, unlocking value by pare down debt, boost up profit margin from toll collection
27/02/2023 8:23 PM
milodrinker back to square one
28/02/2023 10:00 AM
theyoungman Sentiment bad bad. Any push up is to let go bb. Hihihi
02/03/2023 6:19 PM
abc333 https://www.nst.com.my/news/2017/01/205632/ipo-duke-could-take-place-within-seven-years-says-ekovest
is 7 years now! wait until neck long still no action
02/03/2023 6:38 PM
Shines Tailing end expenses are acceptable with open arms because of the nature of highway contructions. Just hope that toll collections can be effected soon.
04/03/2023 7:48 PM
Plantermen Ekovest used to be a growth construction stock engaging in civil engineering but over the years with diversion into potpourri of unrelated business. Ekovest has turned into a holding companies holding shares in the Food & beverages , Plantation, Tolls, mega property projects, Malls, Durian farms and others. Lim is the founder and also MD for the gigantic Iskander waterfront holdings.
08/03/2023 9:40 AM
abc333 陆兆福过后在记者会答询时说,目前有许多单位对新隆高铁计划有兴趣,但交通部还没接获任何完整的企划书。“我们对是否重启这项计划还没有任何决定,但是我们并不阻止(私人业界推动),首相已经指示我们可以讨论,并开放让私人业界提交企划书。”
09/03/2023 9:31 AM
nicholas99 no private company will take a huge risk to build this and see the return in 100 years. lol.
09/03/2023 9:32 AM
abc333 which big boss will be the first? YTL, GAmuda, MRCB, Ekovest, IJM, WCT? China? Japan? Qatar?
09/03/2023 9:33 AM
abc333 Bandar Malaysia alive again , hold tight tight, we will have a lot of good news about HSR and BM
09/03/2023 9:43 AM
Winer21 It will be down bellow. 0.30 cents soon
09/03/2023 10:26 PM
Income Don’t simply follow people…
10/03/2023 3:07 AM
theyoungman Income is right. Analysis, analyze, FA or TA, buy on rumour sell on news? ... etc. Must be careful. Don't rush. Make good decision and go for mid long term. Don't PUNT else, win 100 times, and 1 time gone into longkang.
10/03/2023 8:00 AM
Shines I totally agreed with you, tym
10/03/2023 12:54 PM
Shines Govt in talk with Ch? HSR FROM KL or JB to Thailand tru Loas into Ch?
16/03/2023 1:13 PM
abc333 to 0.30 first if the bank crisis continue to weigh
16/03/2023 6:47 PM
abc333 January 20, 2017 KUALA LUMPUR: Ekovest Bhd’s plan to list the Duta-Ulu Kelang Expressway (Duke) is on schedule with the initial public offering (IPO) expected to take place within seven years.

“The IPO plan is ongoing (but) depends on the market (conditions),” Ekovest managing director Datuk Seri Lim Keng Cheng said after the company’s extraordinary general meeting (EGM), here, yesterday.

The listing of the highway is part of the deal when Employees Provident Fund (EPF) bought a 40 per cent equity interest valued at RM1.13 billion in Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi), a wholly-owned subsidiary of Nuzen Corp Sdn Bhd.

Nuzen Corp, in turn, is the wholly owned subsidiary of Ekovest.
Lim said Duke Highway’s exit payment condition was RM149 million, either to be listed (on Bursa Malaysia) or trade sale to a third party to generate a return of at least 11.5 per cent for EPF and Ekovest.

“When that happens, Ekovest will be entitled to take the RM149 million, plus the accrued interest rising from the amount,” he said.
The listing, according to the shareholders’ agreement, is within seven years.

“We are waiting for the toll to be operational to be able to gauge the cash flows and then pick the right timing to go for listing,” Lim added.

While Phase One of Duke (DUKE1) is already operational, Phase Two of uke (DUKE2) is set for completion by mid-year.

“Phase Two is 95 per cent completed and we have started inspection with the highway authority. The (remaining) five per cent is for inspection, testing and commission,” he said.
17/03/2023 10:55 AM
abc333 The listing, according to the shareholders’ agreement, is within seven years. ?
so, postpone ? or must completed before 2024?
17/03/2023 10:57 AM

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