SHAREWALKER RANCH

The results for the quarter was out yesterday. Boy, was it a shocker! It was a mere 560,000 based on a revenue of 23 million. The net profit margin was just 2 percent. Other expenditure which was not summarized was 3.1 million. We could only wait for the AGM to question this expenditure. Is it a loser stock? Lets examine it. From the annual reports it shows the combination of deposits, prepayment and cash amounts to prudently circa 42 mil. Based on an enlarged shared capital of 313.5 mil, that's cash backing of 13 cents. So, its fairly comfortable with loans of 2 million almost negligible. The PV project is outsourced to RCSB so the accrual earnings are seen when the conclusion of the multiple proposals comes to fruition at 14 October, so it will be included in the accounts ended 31 Nov. So the quarter earnings is largely affected by the amount in other expenditure which yet to be questioned. Lets look forward for the quarter ended November and beyond. Both the Shore and ...

Don't you miss the days when there was Unusual Market Activity, at least we know there is a watchdog looking after the investors interest. Take a look at the recent meteoric rises and falls of these 2 stocks, SM Track went from 5 cents to 27 cents then receded to 13 cents while Armada went from 20 cent to 50 cents and fell to 36 cents in one day! And where is the safeguard mechanism? Has our new SC Chief fallen to PH complacency? Don't you wish for the good old days where UMAs was common and at least it probes the company for reasons? Times has sure changed...but for the better?

Its coming to 2 years PH has come into power, businessmen and analysts are wondering what the future remaining 3 years has in stall for the future economy. Right now, the government seems to be dragging its feet in rejuvenating the economy after the elections. Some of the Ministers are still basking on their own glory and patting themselves on their backs on winning the elections. Some are even not attending meetings and hanging around the administration. In the corporate world, persons such as those would have been fired as soon as possible. Is our leader weak? Surely such action would make the other Ministers to wake up and perform? Right now, the catalysts to drive the economy is poor and weak. This is evident by the foreign funds leaving and the poor ringgit. The promise of a stronger fiscal policy remained subdue as major projects are continuously delayed and extended. The budget promised some socialistic aspects but I believe that this would be curtailed by the surge in inf...

With the government commitment to expand Malaysias IT infrastructure, many IT companies surges forward on this expectation particularly the optic fiber segment. I met a friend from this industry and asked if this is a great opportunity for these companies. The answer is no. The number of companies that are able to produce 5G fiber optics which carries up to 100 times the 4G speed are only a handful in this world in the region of 4 companies. So, does these Ace (hic) companies have the technology to produce the needed optic fibres? Over exuberance or fact. You decide

It is sad that the latest news for Ekovest only serve to remind us of Pakatan Harapan government flip flop behaviour in making sound economic decisions, there is now no believe or trust that a go ahead from the government is as the word meant to be. Many have even started calling this administration the u turn government. It is no wonder foreign funds are running away from this country. This only give rise to lack of confidence and mistrust amongst business community. Not surprisingly we are one of worse stock market performers in South East Asia. I believe the patting themselves on the back should stop and re-examine themselves. Back to Ekovest. The delay is government is non decisive on weather to sell the entire piece of land or retain 40%. It is also link to 2 billion bond issue to facilitate the moving of the army base (so called). The conundrum is weather retention of the 40% JV would bring ROI to the government sufficient to service the bonds. Or alternatively sell the whole l...

Jaks seems to be the flavour of the month as its meteoric rise from the 70s to 1.00 was fast and aggressive, but perhaps too aggressive? This company is not without its problems. Its has a litigation case where it has lost 50 million ringgit to the Star but now appealing. Surprisingly it has not been provided for in its books. That's just a time bomb waiting to happen. They are also stuck with a dead mall in Ara Damansara which will be constantly eating into their profits. The property division is also losing money to the tune of 34 million! So where is the earnings coming from? It is due from the JV to build the power plant, a recognition work in progress from construction. An accounting procedure. Take note that there is a cashflow deficit of 57 million in his latest books. I believe there could be a possible cash crunch in the near future. Better times to come? Remained to be seen......

Since the last article Inta has attracted some investors to move up to 28 cents but was sold down to 26.5 cents again. The question arises as who would sell a company that has a 41% growth rate plus a PE of 5. The operator. Results are usually at the end of November 2019, the move upwards towards fair value will begin soon.....The expected trend upward will start when it breaks 28 cents with volume. There is no looking back now as it is rock bottom now and the only way is UP.

There seems to be whispers in the corridor that Bandar Malaysia would be injected into a new listed company. The Joint Venture is between IWC CREC and the government at 60:40 ratio. How could the government partake in the JV if the project is injected into Ekovest or IWC? Surely in order for it to be equitable it must be a new company where they are rank parri passu equal. Hence, the press release on April 22? Remain whispers in the corridor until the truth is revealed.

E kovest has rebounded from a low of 73 cents to 81 cents since the budget announcement that the mammoth Bandar Malaysia project is to carry on. But one wonders why Ekovest has not move up with the official announcement. Surely it provides a strong clue that Ekovest would be a beneficiary, and provide tremendous opportunities for this construction company. Maybe the investors are not confident of our current government flip flop techniques. But look at this article on April 22 2019; KUALA LUMPUR: Iskandar Waterfront City Bhd and Ekovest Bhd, which are controlled by Tan Sri Lim Kang Hoo, have issued separate statements to Bursa Malaysia clarifying they are not involved in the revived Bandar Malaysia project. The statements came after shares in the two companies jumped to their maximum allowable daily limit, today. Shares in Ekovest surged 30 sen, or 45 per cent to close at 97 sen while IWCity rose 30 sen or 29 per cent to close at RM1.32. Both companies told Bursa Malaysia...