Ekovest Berhad

Titan Trading Notes For Tuesday [15/4/2025]:

KLCI had a decent rebound back towards the 1480 points region with an overall positive market sentiment as the market started with a gap up earlier during the opening. Daily trading volume settled around the 2.9 billion mark, which is still decent here.

Main stocks that showed strong buying momentum would be the likes of MYEG, INARI, EKOVEST, NATGATE, TANCO, IWCITY, ELRIDGE, NEXG, CIMB, PBBANK, YTL, UEMS, GAMUDA, JCY, MRDIY, WCT, and GREATEC. All of which were able to sustain their rallies throughout the day on the top volumes list.

$INARI / 0166 (INARI AMERTRON BERHAD) since retracing all the way back towards the RM 1.42+ major support levels, was able to rebound strongly back towards the RM 1.80+ regions with good volume and buying momentum today after it gapped up in the morning.

So far holding quite well above its RM 1.70+ immediate support, could bounce back further towards the RM 2+ major resistance levels soon in the coming week here. Note that it's still down trending here unless able to breakout from its RM 2.20+ main downtrend resistance.

Will be monitoring INARI closely.

$EKOVEST / 8877 (EKOVEST BERHAD) n the other hand also had a huge breakout from its RM 0.285+ main downtrend resistance and rallied all the way towards the RM 0.33+ regions with good volume and buying momentum.

This came after a 3-4 month long retracement from its RM 0.37+ regions all the way back towards the RM 0.245+ major support levels. For now as long as able to hold above its MR 0.30+ support, could bounce back towards the RM 0.35 - RM 0.37+ resistance levels soon in the coming weeks.

Will be monitoring EKOVEST closely.

$EKOVEST / 8877 (EKOVEST BERHAD)

$EKOVEST / 8877 (EKOVEST BERHAD) $KNUSFOR / 5035 (KNUSFORD BERHAD)
Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford

New Deadline: Ekovest and Knusford have agreed to extend the discussion period for the merger by six months, until January 27, 2025. This additional time will allow both parties to evaluate and deliberate the terms of the definitive agreement.

Operational Synergies: The merger aims to consolidate Lim’s construction and construction-related businesses under one entity. This could lead to improved operational efficiencies, cost savings, and a stronger market presence.

Ekovest’s Disposal: Disposing of ECSB for RM450 million can strengthen Ekovest’s balance sheet, reduce debt, and improve cash flow.

Knusford’s Financing: Issuing new shares rather than using cash preserves Knusford’s financial flexibility and liquidity.

Titan Trading Notes For Friday [19/7/2024]

$KLSE-KLCI remained in the green today, closing at 1633 despite having over 720 counters closing red for the day. I would say market sentiment today was quite negative likely attributed to NASDAQ being down by over 500 points last night. That said, daily trading volume still stable around the 5.4 billion mark, which is a good sight.

Main stocks that showed strong buying momentum today would be the likes of HUBLINE, JAKS, EKOVEST, NOVAMSC, DATAPRP, BJCORP, MRCB, FAJAR, SPSETIA, TANCO, WCT, PLYTEC, BJLAND, and TOPGLOV. All of which were able to sustain their rallies throughout the day on the top volumes list despite the negative market sentiment.

$EKOVEST / 8877 (EKOVEST BERHAD) despite being overbought and the negative market sentiment, was able to resume its bullish sentiment, breaking out all the way towards the RM 0.58 regions with good volume and buying momentum today on the daily chart.

For now still not showing any signs of weakness yet and as long as able to sustain above its RM 0.545 immediate support, could continue on towards and beyond its RM 0.60+ major resistance levels soon.

Will still be monitoring EKOVEST closely here.

$PLYTEC / 0289 (PLYTEC HOLDING BERHAD) since breaking out from its RM 0.28+ major resistance levels over the past month, had been able to slowly trend up here and was even able to breakout towards its RM 0.36 all time high levels with good volume and buying momentum.

For now looking quite strong here despite being overbought on the daily chart. As long as able to sustain above its RM 0.31+ immediate support, could continue on this new uptrend very soon.

Note that PLYTEC's IPO price was at RM 0.35. May use this as reference when trading it. Will monitoring PLYTEC closely.

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD) despite the negative market sentiment, was able to breakout strong from its RM 0.54 major resistance levels and rallied all the way towards the RM 0.57 regions with huge volume and buying momentum here.

For now although facing some selling pressure above the RM 0.55+ regions, would still be looking good as long as able to sustain above its RM 0.53+ immediate support levels for this week.

Titan Trading Notes For Friday [19/7/2024]

$KLSE-KLCI remained in the green today, closing at 1633 despite having over 720 counters closing red for the day. I would say market sentiment today was quite negative likely attributed to NASDAQ being down by over 500 points last night. That said, daily trading volume still stable around the 5.4 billion mark, which is a good sight.

Main stocks that showed strong buying momentum today would be the likes of HUBLINE, JAKS, EKOVEST, NOVAMSC, DATAPRP, BJCORP, MRCB, FAJAR, SPSETIA, TANCO, WCT, PLYTEC, BJLAND, and TOPGLOV. All of which were able to sustain their rallies throughout the day on the top volumes list despite the negative market sentiment.

$EKOVEST / 8877 (EKOVEST BERHAD) despite being overbought and the negative market sentiment, was able to resume its bullish sentiment, breaking out all the way towards the RM 0.58 regions with good volume and buying momentum today on the daily chart.

For now still not showing any signs of weakness yet and as long as able to sustain above its RM 0.545 immediate support, could continue on towards and beyond its RM 0.60+ major resistance levels soon.

Will still be monitoring EKOVEST closely here.

$PLYTEC / 0289 (PLYTEC HOLDING BERHAD) since breaking out from its RM 0.28+ major resistance levels over the past month, had been able to slowly trend up here and was even able to breakout towards its RM 0.36 all time high levels with good volume and buying momentum.

For now looking quite strong here despite being overbought on the daily chart. As long as able to sustain above its RM 0.31+ immediate support, could continue on this new uptrend very soon.

Note that PLYTEC's IPO price was at RM 0.35. May use this as reference when trading it. Will monitoring PLYTEC closely.

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD) despite the negative market sentiment, was able to breakout strong from its RM 0.54 major resistance levels and rallied all the way towards the RM 0.57 regions with huge volume and buying momentum here.

For now although facing some selling pressure above the RM 0.55+ regions, would still be looking good as long as able to sustain above its RM 0.53+ immediate support levels for this week.

Titan Trading Notes For Thursday [18/7/2024]:

$KLSE-KLCI had a good breakout towards the 1633 points region with an overall positive market sentiment today as the market started to rebound strong from the past weeks of selling activities. Daily trading volume also managed to bounce back towards the 5.2 billion mark, which is a good sign here.

Main stocks that showed strong buying momentum would be the likes of EKOVEST, BJCORP, SNS, MRCB, MYEG, CENSOF, WCT, IWCITY. JPG, NOVAMSC, JCY. GBGAQRS, IJM, AGX, PLYTEC, and FAJAR. All of which were able to sustain their rallies throughout the day on the top volumes list.

$EKOVEST / 8877 (EKOVEST BERHAD) since breaking out from its RM 0.48+ main downtrend resistance last week, had been breaking out strong here with huge volume and buying momentum, even testing the RM 0.56 regions today despite being overbought.

For now looking quite strong here and as long as able to sustain above its RM 0.525 immediate support levels, could continue on towards and beyond the RM 0.60+ regions for an uptrend continuation pattern.

Will be monitoring EKOVEST closely as something big seems to be brewing behind the scenes.

$MRCB / 1651 (MALAYSIAN RESOURCES CORPORATION BERHAD) since breaking out towards the RM 0.74 regions, had been retracing over the past 2 months here with RM 0.60+ as the main support levels on the daily chart over the past month.

However recently, was able to come back up quite strongly and today, even managed to breakout towards the RM 0.69 regions with good volume and buying momentum. So far looking quite ripe for an uptrend continuation pattern here as long as able to sustain above its RM 0.66+ support.

Will be monitoring MRCB closely

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD) although retraced back towards its RM 0.51+ immediate support levels earlier this week, was able to rebound and breakout quite strong today, breaking out towards the RM 0.54 regions with good volume and buying momentum.

For now looking very ripe for an uptrend continuation pattern here. As long as able to sustain above its RM 0.515+ immediate support, could continue on towards and beyond its RM 0.55+ major resistance levels soon.

$EKOVEST / 8877 (EKOVEST BERHAD)

Titan Trading Notes For Monday [15/7/2024]:

$KLSE-KLCI had a brief retracement back towards the 1619 points region with an overall mixed market sentiment as we saw almost 640 counters closing red for the day. Daily trading volume settled around the 4.5 billion mark, which is still healthy for now.

Main stocks that showed strong buying momentum for last Friday would be the likes of EKOVEST, BJCORP, RENEUCO, AZRB, WCT, AIMFLEX, UUE, SYGROUP, FAJAR, IWCITY, and HIAPTEK. All of which were able to sustain their rallies throughout the day on the top volumes list.

$EKOVEST / 8877 (EKOVEST BERHAD) after retracing over the past 6-7 months, formed a solid support region around its RM 0.43+ main support levels over the past few months and during last Friday, was able to breakout strong from its RM 0.485+ main downtrend resistance with good volume and buying momentum.

For now looking quite ripe for a new uptrend here and as long as able to sustain above its RM 0.475+ main support levels on the daily chart, could continue on towards and beyond the RM 0.525+ regions soon.

Will be monitoring EKOVEST closely.

$BJCORP / 3395 (BERJAYA CORPORATION BERHAD) on the other hand since breaking out from its RM 0.32+ major resistance levels last week, had been able to trend up strong towards the RM 0.355 major resistance levels with good volume and buying momentum.

For now looking quite strong here and as long as able to hold above its RM 0.335+ immediate support levels on the daily charts, could continue on towards and beyond its RM 0.355+ major resistance levels for an uptrend continuation pattern.

Will be monitoring BJCORP closely here.

$EG / 8907 (EG INDUSTRIES BERHAD) without a doubt was one of the better performers last week as it was able to breakout strong from its RM 2.07+ major resistance levels and rallied all the way towards the RM 2.26 regions with huge volume and buying momentum.

After 1 month of consolidation, looking quite ripe here for an uptrend continuation pattern as long as able to sustain above its RM 2.10+ immediate support levels in the coming week.

Will be monitoring EG closely

$EKOVEST / 8877 (EKOVEST BERHAD) $PLS / 9695 (PLS PLANTATIONS BERHAD)

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

MEMORANDUM OF UNDERSTANDINGEKOVEST BERHAD ("EKOVEST" OR "THE COMPANY")
MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN EKOVEST, SHENZHEN MAOXIONG CO LTD ("MX") AND ANXI COUNTY PEOPLE'S GOVERNMENT ("ANXI COUNTY OFFICE")

OTHERSEKOVEST BERHAD ("EKOVEST" OR "THE COMPANY")

EXECUTION OF HEADS OF AGREEMENT BETWEEN EKOVEST AND TAN SRI DATO' LIM KANG HOO ("TSDLKH")

@terence775 Yeah, $PLS / 9695 (PLS PLANTATIONS BERHAD) is the subsidiary of $EKOVEST / 8877 (EKOVEST BERHAD)

Oh I see, I just know about this company, I will take a look on it.

$SBH / 0300 (SBH MARINE HOLDINGS BERHAD) maybe. I am not sure also cause when I search Japan on its annual report, it shows nothing.

In $PLS / 9695 (PLS PLANTATIONS BERHAD) case I think it's worth pointing out they are related to (a subsidiary of?) $EKOVEST / 8877 (EKOVEST BERHAD) , which means... messy messy messy. That being said, they are in an interesting position.

When we talk about exporting food, I think it's worth mentioning $PTRB / 0260 (PT RESOURCES HOLDINGS BERHAD) who also exports seafood to Japan, which past few qtrs they have shown quite resilient earnings. They also benefit from increased sales to China.

Also, the newly listed company $SBH / 0300 (SBH MARINE HOLDINGS BERHAD) as well?

Who Stands to Gain? 📈

📍$GAMUDA / 5398 (GAMUDA BERHAD)
Gamuda, headquartered in Malaysia, is a diversified company with expertise in engineering, property development, and infrastructure projects. Renowned for its exceptional performance in the construction industry, Gamuda has successfully delivered a range of notable projects. These include the MRT Kajang Line (Line 1), MRT Putrajaya Line (Line 2), SMART Tunnel, EDTP from Ipoh to Padang Besar, LDP Expressways, etc. Moreover, Gamuda has expanded its construction activities overseas, with ventures in Australia and Taiwan. In addition to its construction ventures, Gamuda is active in the property sector through its subsidiary, Gamuda Land. Operating not only in Malaysia but also in international markets such as Singapore, Vietnam, Australia, and the UK, Gamuda Land has established a strong presence.

📍$IJM / 3336 (IJM CORPORATION BERHAD)
IJM operates across four primary business segments: construction, property development, industry, and infrastructure. Following its divestment from IJM Plantation, IJM is frequently regarded as a direct competitor to Gamuda, given their similar business profiles. Both companies boast impressive track records in construction and property development. In the construction sector, IJM has secured numerous contracts, including projects like LRT3 (terminated) and the RTS Link. Meanwhile, in the property development arena, IJM has undertaken notable projects such as The Light, situated near the Penang Bridge.

📍$EKOVEST / 8877 (EKOVEST BERHAD)
Although smaller in scale compared to Gamuda and IJM, Ekovest has demonstrated impressive achievements in projects such as the Twin Towers, commuter stations, KLIA, and several public university projects.

📍$SUNCON / 5263 (SUNWAY CONSTRUCTION GROUP BERHAD)
As Sunway's construction division, Sunway Construction not only provides construction services for Sunway's projects, including malls, carparks, office towers, education centers, healthcare facilities, and theme parks, but also secures government contracts such as the LRT Kelana Jaya line extension. Additionally, it has recently been awarded a contract to construct a data center.

📍$ECONBHD / 5253 (ECONPILE HOLDINGS BERHAD)
Econpile specializes in piling and pile cap construction, ranging from highway and railway projects to complex multi-level basement structures in urban settings. Its portfolio comprises various completed projects, including multiple packages of bored piling for the Klang Valley Mass Rapid Transit and Light Rail Transit systems. Additionally, Econpile has undertaken deep basement works for prominent buildings such as Elite Pavilion and MAS Building in downtown Kuala Lumpur. However, since ATS projects are rail-free, their profitability may be comparatively lower than that of other MRT and LRT ventures.

📍ADVCON
Advancecon operates as a construction firm specializing in civil engineering and infrastructure projects, focusing mainly on earthworks and civil engineering services within Malaysia's construction sector. In essence, earthworks encompass tasks aimed at preparing building platforms and embankments, while civil engineering entails engineering activities for infrastructure construction.

📍KKB
KKB is a company specializing in steel fabrication for buildings and various products utilized in the construction sector. Moreover, the company has expanded and diversified its operations into manufacturing, including the production of steel pipes, pipe specials, and LPG cylinders.

📍MRCB
MRCB is a well-known entity, especially given its involvement in the LRT3 project, which is a joint venture between GKENT and MRCB. Furthermore, MRCB stands as a potential candidate for securing the contract for the Penang LRT. Additionally, MRCB holds significance as one of the developers behind notable projects such as KL Sentral and Penang Sentral.

📍PTARAS
Pintaras Jaya is another company that engaged in piling systems, earth retaining systems, sub-structures & basements, ground improvement, earth works, civil engineering works and building works.

📍MINETEC
Minetech operates across various sectors, encompassing construction and civil engineering, manufacturing, renewable energy, property development, oil and gas, and financial technology. In January 2024, Abang Abdillah, the son of Sarawak Premier Abang Jo, assumed the role of chairman of the company following his acquisition of 240 million shares, equivalent to a 15.58% stake in the company. This strategic move potentially positions the company favorably for securing construction projects in Sarawak.

OTHERSEKOVEST BERHAD ("EKOVEST" OR "THE COMPANY")

EXECUTION OF BINDING TERM SHEETS IN RELATION TO THE PROPOSED ACQUISITION OF FOUR (4) PARCELS OF LANDS MEASURING APPROXIMATELY 15.82 ACRES IN AGGREGATE, ALL LOCATED ALONG THE JOHOR BAHRU-SINGAPORE RAPID TRANSIT SYSTEM LINK ALIGNMENT AND ARE INTENDED FOR POTENTIAL TRANSIT-ORIENTED DEVELOPMENT ("PROPOSED TOD LANDS ACQUISITION")

Change in Boardroom - MR LIM DING SHYONG

Change in Boardroom - TAN SRI DATUK SERI LIM KENG CHENG

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

OTHERSEKOVEST BERHAD ("EKOVEST")
MEMORANDUM OF UNDERSTANDING BETWEEN EKOVEST, SHENZHEN MAOXIONG CO LTD ("MX") AND ANXI COUNTY PEOPLE'S GOVERNMENT ("ANXI COUNTY OFFICE")

KUALA LUMPUR: Ekovest Bhd is disposing of 13 parcels of land near Jalan Pahang, Kuala Lumpur to wholly-owned subsidiary of Lim Seong Hai Resources Sdn Bhd (LSHHSB), Airman Sdn Bhd, for RM66.8 million.

© New Straits Times Press (M) Bhd

PETALING JAYA: Ekovest Bhd is disposing of 13 parcels of land in Kuala Lumpur to Airman Sdn Bhd in a related party transaction for RM66.8mil.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSEKOVEST BERHAD ("EKOVEST" OR "THE COMPANY")

DISPOSAL OF THIRTEEN (13) PARCELS OF LAND BY EKOVEST PROPERTIES SDN BHD TO AIRMAN SDN BHD

$EKOVEST / 8877 (EKOVEST BERHAD)

KUALA LUMPUR: Ekovest Bhd and the Employees’ Provident Fund today announced that they are evaluating various viable options for Duta - Ulu Kelang Expressway (DUKE) concessionaire Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi), including a listing on the stock exchange.

© New Straits Times Press (M) Bhd

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSEKOVEST BERHAD ("EKOVEST" OR "THE COMPANY")

DISPOSAL OF 40% EQUITY INTEREST HELD IN KONSORTIUM LEBUHRAYA UTARA-TIMUR (KL) SDN BHD TO EMPLOYEES PROVIDENT FUND BOARD ("DISPOSAL") - EXTENSION OF THE EXIT PLAN

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Director's Interest (Section 219 of CA 2016) - TAN SRI DATUK SERI LIM KENG CHENG

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period