Ekovest Berhad quarterly report.

http://ekovest.listedcompany.com/misc/quar...rt_20150331.pdf

[quote=CMW123,Aug 16 2015, 10:18 PM]
http://www.msn.com/en-my/news/other/ekoves...sets/ar-AAaZzHv

what is your comment on the financial and cash flow position of the developer?


Have a quick glimpse about cash flow on pg4 and observed some negative values (negative net cash from operating activities, negative net cash used in investing activities etc)
(I am no expert, just reading only)

CMW boss, what do you think?
(Believe you have something in mind)

Have yet seen their June report made available from the link...

From the marketing brochure, the EKC land has been charged to Ambank. Since the land has been bought many years ago at low cost, the land cost should have been paid off presumably. Then this charge should be for bridging loan.

If there is really a bridging loan obtained from Ambank, there should be adequate cashflow available to fund and push the construction fast

FYI


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Ekovest in starproperty news:
http://www.starproperty.my/index.php/artic...ure-titiwangsa/

Weekend Side Track
http://www.theborneopost.com/2015/08/17/ek...n-duke-highway/

Ekovest in good stead with acquisition of 100 pct equity interest in DUKE highway
August 17, 2015, Monday

"On another note, Kenanga Research said that the major portion of the unbilled sales is from EkoCheras (gross development value (GDV) of RM1.6 billion) and expected to last until 2017."

Related PDF.
https://www.google.com/url?sa=t&source=web&...Zlt4jjvvJ_oBu3g




This post has been edited by Jagalat: Aug 21 2015, 11:17 PM

Taken today, about 2 hours ago
BlkJ site



This post has been edited by Jagalat: Aug 23 2015, 03:51 PM

BlkJ site, taken from left angle

BlkH site, larger area dug..


This post has been edited by Jagalat: Aug 23 2015, 03:23 PM

Huge quantity and a big pile of metal/steel rods used for construction.

Thank you so much appreciate your info and update.

Walao all rusty rebars here.......no proper cover or protection all.....all bars will suffer sectional lost after exposing for one year...

the PRC bars will all b buried in cement and concrete soon..

Yawor besi so sibeh rusty Liao. Even cover with cement how Long it can last?

once in the cement no more air penetration so the rusting process stops.

I hope Savills gets to learn what went wrong with SStwo mall.
In addition, both EKV and Savills should come out with the recipes in making the EKC mall successful.
http://www.nanyang.com/node/719199?tid=688

very sad to see cheras central many retail moving out

I am sad too.
Since Cheras Sentral lost its interchange status(not in new proposed MRT2 alignment), Mayland and its mall management unit really have to put in more effort in sustaining the mall.

Bro its not the problem of continuing rusting in the concrete, its the problem of is those bars enough capacity not within the design limit. Says the design require 4nos of 20 mm diameter bars in the beams/columns, but after the rusting process left only the rusty 4 nos of 18 mm diameter bars 100%-(18^2/20^2 x 100)=19% losses!!! ....become much insufficient, hard to tell about the real integrity of structure performance later..

New tenant coming to leisure mall.


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