SHAREWALKER RANCH

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...

Recently,  the National Fiberisation and Connectivity Plan (NFCP) was proposed by the Ministry of Communications and Multimedia, with the Cabinet approving the plan to improve nationwide connectivity. T he NFCP will require an investment of RM21.6 billion over 5 years (2019-2023). Between RM10 billion to RM11 billion will be provisioned from the Universal Service Provision (USP) Fund, and the rest will be funded commercially .   This lead to speculation that certain IT companies would be involved and benefit from this massive project. One of them is Opcom, an ace market stock controlled by Mukhriz Mahatir, the son of our Prime Minister. This adds to the excitement of the counter.   Opcom Holdings Bhd is a Malaysian based investment holding company engaged in the manufacturing of fiber optic cables and cable-related products. The business activity of the group is functioned through Manufacturing, Trading and Engineering Services, and Other Operations segment s. It...

When Bandar Malaysia was announced that it will be continued in April 2019, the construction industry heaved a sign of relief as this will keep up the construction activities in the country and provide the necessary jobs and multiplier effect in the sector.   Retailers chased the related stocks such as Ekovest and IWC amidst this excitement but alas there wasno follow up to the deposit placed by the IWC-CREC JV. The follow up was supposed to be executed in the next 60 days. Months later, the remaining payment was not paid. Worse of all, to date there is news coming from the Ministry of Finance on this matter.   The Ministry seems nonchalant about keepiing the rakyat updated on this Project.   The newspapers were also not inquisitive enough to probed into the matter. Except for a few chinese newspapers which are highly unreliable, there absolutely silent on the massive project.   Is the project going to go through?   The share price has been...

The favourite oil and gas stock these days seems to be Bumi Armada. As it spring to life from the ashes of corporate debt disease, retailers rejoiced over the good news upon good news from the price of 19 cents to 35.5 cents. From the better quarter results to the sale of FSPO Perdana and heightened by Arab Oil Facilities attack, the goods news have been forthcoming.   From the technical analysis point of view, the price next resting point is at 50 cents but the question is when will it reached there?   The balance sheet has not changed drastically but it sure seems the rock bottom days are gone. The next catalyst would the reclassification of RM1.5 billion short term debt to long term and the FSPO Claire lawsuit with the results realistically expected in 1 st  half 2020.   But let examine the 3 rd  Quarter results, a rough guestimate of the results to be released in November 2019.   3 rd  quarter profit estimated as per 2 nd  qua...