Ekovest Rated 'buy' at Rakuten, Target Price to Double to RM1.16
Ekovest Rated 'buy' at Rakuten, Target Price to Double to RM1.16
The stock price of Ekovest Bhd, a diversified company led by founder and group executive chairman Tan Sri Lim Kang Hoo, may more than double in the next year or so.
由創始人兼集團執行主席丹斯里林康虎領導的多元化公司Ekovest Bhd的股價在未來一年左右可能會翻一番以上。
The counter has a 'buy' call at Rakuten Trade Sdn Bhd with a target price of RM1.16. It was trading at 56.5 sen at mid-day today (Jan 11).
該櫃台在樂天貿易私人有限公司有 “買入” 看漲期權，目標價爲1.16令吉。今天（1月11日）中午，其交易價格爲56.5仙。
"As a prominent contractor and toll highway concessionaire, Ekovest is set for profitability by FY25, benefiting from Johor's vibrant property and construction sectors plus potential gains from the monetisation of DUKE highways and improvements across its business segments," it said in a note released today.
該公司在今天發佈的一份報告中表示：“作爲著名的承包商和收費公路特許經營商，Ekovest將在25財年之前實現盈利，這得益於柔佛州充滿活力的房地產和建築行業，以及杜克高速公路貨幣化及其業務領域的改善所帶來的潛在收益。”
Ekovest is involved in construction, property, toll operation and plantation segments.
Ekovest涉足建築、房地產、收費運營和種植園領域。
The report said Ekovest's plan to monetise DUKE Phase 1 and Phase 2 aligns with the resurgence of traffic to pre-pandemic levels.
報告稱，Ekovest通過杜克大學第一階段和第二階段獲利的計劃與流量恢復到疫情前的水平相吻合。
"This move could be a significant re-rating catalyst, as the total asset value may surpass the company's market capitalisation by 2X," it said.
它說：“此舉可能成爲重要的重新評級催化劑，因爲總資產價值可能比公司的市值高出2倍。”
In addition, it said Ekovest had successfully completed the Setiawangsa-Pantai Expressway (SPE), formerly Duke Phase 3, in Nov 2023.
此外，它表示，Ekovest已於2023年11月成功完成了塞蒂亞旺薩-潘泰高速公路（SPE），前身爲杜克大學第三階段。
"With a 53-year concession, SPE is nicely poised to be in the black albeit with initial operational losses. We believe the ongoing RTS (Rapid Transit System) Link project is expected to boost Ekovest's future construction revenue amid an expanding orderbook driven by the RM1.2 billion rapid transit system project and potential projects such as DUKE Phase 2A Istana Link and initiatives in Johor," it said.
“憑藉爲期53年的特許權，儘管有初始運營虧損，但SPE已做好了虧損的準備。它說，在12億令吉的快速交通系統項目以及杜克大學第二期Istana Link等潛在項目和柔佛州舉措的推動下，正在進行的RTS（快速交通系統）連接項目預計將增加Ekovest未來的建築收入。”
Among the major construction and infrastructure projects undertaken by Ekovest include the turnkey design and build for the construction of Universiti Malaysia Sabah and Labuan Financial Park, KLCC internal fit-out and the construction of Kuala Lumpur Sentral Commuter Station under the joint venture with KMZ-Dragages.
Ekovest開展的主要建築和基礎設施項目包括馬來西亞沙巴大學和納閩金融園建設的交鑰匙設計和建造、KLCC內部裝修以及與KMZ-Dragages合資建造的吉隆坡中央通勤站。
Lim is also the founder, chairman and CEO of Iskandar Waterfront Holdings Bhd. He is also the executive vice chairman of PLS Plantations Bhd.
林還是依斯干達海濱控股有限公司的創始人、董事長兼首席執行官。他還是PLS種植園有限公司的執行副董事長。
譯文內容由第三人軟體翻譯。