<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on December 10, 2015.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>Ekovest Bhd (-ve)</strong></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>EKOVEST (Fundamental: 1.15/3, Valuation: 1.4/3) triggered our stock momentum for the first time yesterday, closing 0.9% higher to RM1.07 on heavy volume.</p></div>

<div class=newsTextDataWrapInner><p>Kuala Lumpur-based Ekovest is primarily involved in construction, property development and toll operation through 100%-owned DUKE highway. In FYJun2015, the construction and property development contributed almost all of its operating profit.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>For FY2015, net profit plunged 60.7% to RM18.5 million, due to consolidation of the results of its loss-making toll operations. To recap, Ekovest raised RM244.4 million via a rights issue to acquire the remaining 30% equity interest in DUKE from MRCB in FY2014.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>In October, Ekovest announced a rate hike on DUKE highway. The company, however, has guided that the hike — replacing reimbursement from the government — will have a neutral impact on earnings.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Ekovest is currently constructing mixed development project EkoCheras and the RM1.2 billion DUKE Phase-2. It plans to build the DUKE Phase-3 which is estimated to cost RM3.6 billion.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><img alt="ecovest_swm_fd_101215_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/ecovest_swm_fd_101215_theedgemarkets.png" /></p></div>


This article first appeared in The Edge Financial Daily, on December 10, 2015.

 

Ekovest Bhd (-ve)

EKOVEST (Fundamental: 1.15/3, Valuation: 1.4/3) triggered our stock momentum for the first time yesterday, closing 0.9% higher to RM1.07 ...

Stock With Momentum: Ekovest

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The US central bank's benchmark policy rate should stay restrictive until it is more certain that inflation is returning to its 2% target, Richmond Federal Reserve (Fed) president Thomas Barkin said on Friday.

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The stock market faces its first major test of the year in the coming week, with investors counting on the US jobs report to show a stable but not overheated economy that underpins expectations for equity gains in 2025.

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Myanmar's military government will release 5,864 prisoners, including 180 foreigners, under an amnesty marking the Southeast Asian nation's independence day, state media said on Saturday.

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US President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres (252.93 million hectares) of US coastal territory, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as the eastern Gulf of Mexico.

Biden to ban new oil drilling over vast stretch of US Atlantic, Pacific waters

Google has paid C$100 million (US$69 million or RM311.59 million) to use news stories from Canadian media outlets on its platform, the tech company said on Friday.

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Singapore will build a new hydrogen-ready combined cycle gas turbine generating unit, slated to begin operations in 2029, the Energy Market Authority (EMA), a statutory board under the Ministry of Trade and Industry, has said in a press release, reported Xinhua.

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The Malaysian Anti-Corruption Commission (MACC) has arrested a man in connection with a corruption case involving heavy vehicle inspections at the Computerised Vehicle Inspection Centre (Puspakom) in the capital.

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Perak Umno will abide by the party decision not to proceed with the planned solidarity rally for former prime minister Datuk Seri Najib Razak scheduled to be held at the Putrajaya Palace of Justice on Monday.

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Since winning the US election, Donald Trump has taunted Canadian Prime Minister Justin Trudeau by calling him governor of a 51st US state, threatened 25% tariffs, and vented that the US is getting ripped off by its northern neighbour because of a trade deficit.

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<p>Microsoft Corp&nbsp;plans to spend US$80 billion (RM360.16 billion) this fiscal year building out data centres, underscoring the intense capital requirements of artificial intelligence (AI).&nbsp;</p>

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<p>MALAYSIA should stop second-guessing itself.</p>


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<p>Global&nbsp;stocks rallied on Friday, but remained on track for a weekly decline, while the dollar stalled after its recent rally, but found some support from a stronger-than-expected US&nbsp;manufacturing survey.</p>


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<p>The Biden administration suggested that the Supreme Court should reject Donald Trump’s request to delay a law that would ban TikTok in the US if it isn’t sold by its Chinese parent company.</p>


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<p>Boeing Co&nbsp;and US prosecutors said they are working to hammer out a new deal to settle a criminal case stemming from two fatal 737 Max crashes, after a federal judge&nbsp;blocked&nbsp;an earlier plan because it included race as a consideration for selecting a compliance monitor.</p>


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<p>A decorated US Army Green Beret who died in a New Year’s Day explosion outside the Trump International Hotel in Las Vegas was suffering from post-traumatic stress disorder (PTSD) and had no apparent ties to terrorism, according to law enforcement officials.</p>


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<p>The Malaysian Anti-Corruption Commission (MACC) has arrested a man in connection with a corruption case&nbsp;involving heavy vehicle inspections at the Computerised Vehicle Inspection Centre (Puspakom)&nbsp;in the capital.</p>


<p>Paramount Global and Skydance Media responded to critics of their pending merger, saying in a regulatory filing that they fail to show they will be harmed by the deal, and instead make demands that threaten free speech rights.</p>


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<p>Getty Images Holdings Inc&nbsp;is exploring a combination with rival Shutterstock Inc, according to people familiar with the matter. Shares Getty Images rose as much as 32%, the most since 2023.</p>


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<p>Perak Umno will abide by the party decision not to&nbsp;proceed with the planned solidarity rally for former prime minister Datuk Seri Najib Razak scheduled to be held at the Putrajaya Palace of Justice on Monday.</p>


<p>The number of babies born in South Korea, a country with one of the world's lowest fertility rates, increased for the first time in nine years in 2024, reported <em>Sputnik/RIA Novosti</em>.</p>


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<p>Singapore will build a new hydrogen-ready combined cycle gas turbine generating unit, slated to begin operations in 2029, the Energy Market Authority (EMA), a statutory board under the Ministry of Trade and Industry, has said in a press release,&nbsp;reported <em>Xinhua</em>.&nbsp;&nbsp;</p>


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<p>Since winning the US election, Donald Trump has taunted Canadian Prime Minister Justin Trudeau by calling him governor of a&nbsp;51st US state, threatened 25% tariffs, and vented that the US is getting ripped off by its northern neighbour because of a trade deficit.&nbsp;</p>


<p>As cryptocurrencies gain prominence as an alternative to conventional currencies, they have also become a new tool for criminals to facilitate illegal activities.</p>
