Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
I opine currently in the mid cap Construction companies, Ekovest is one of the only laggards whom yet to move (see WCT, MRCB, Kerjaya, even protasco and Gadang moved etc). Eventually it's turn will come. 50 sen i think no issue. In Q3 report their management guided that FY2024 will be profitable. I think its possible since Duke making good money and cash flow plus the RTS project coupled with Johor theme.
In my opinion, Rapid has many strategic assets. However short term, sentiment is shaky due to the image of major shareholder with over 20%. With a large market float, any predator can take over to become the next major shareholder if that existing major shareholder not doing anything. Compared to YNH, rapid is in better footing as it has external auditor appointed and asset sales which will add value to NTA.
If the management is good, it can declare a special dividend to prove its solvency.
Yah even though 1st and 2nd quarter made modest profit this counter is heading for new low. This whole few months didn't move up at all. The management really need to buck up. What happen to the earlier plan on plantations disposal?
