Ekovest Bhd

[winston]

vested

Why is the share price of Ekovest weak?

The weakness in Ekovest Berhad's share price is primarily driven by consecutive quarters of net losses, falling revenues and lingering market uncertainty following the collapse of its proposed merger with sister company Knusford Bhd.

Key factors weighing on the stock include:

Persistent Financial Losses: The company has struggled with unprofitability, recording widening net losses in its recent quarters (such as a net loss of RM75.5 million in 3Q FY2026).

High Debt Levels: Ekovest carries a high debt-to-equity ratio, and its interest payments remain heavily constrained by low earnings (evidenced by a net interest cover ratio below 1).

Failed Merger with Knusford: The RM450 million proposed merger between Ekovest's construction arm and Knusford Berhad fell through due to a failure to agree on transaction values. This ended nearly three years of restructuring discussions and stalled corporate catalysts.

General Share Price Volatility: Long-term falling revenues alongside a lack of steady earnings visibility have caused many institutional investors to avoid the counter, leading to choppy trading and a prolonged downward trend relative to the broader [Bursa Malaysia Construction Index].

Source: Google AI

[winston]

vested

Lim Kang Hoo’s nephews exit Ekovest, IWCity boards to focus on LSH Capital

Tan Sri Lim Keng Cheng and Datuk Lim Keng Guan are stepping down from their roles in companies linked to their uncle, Tan Sri Lim Kang Hoo, 70, to focus on Lim Seong Hai Capital Bhd (KL:LSH), where they both hold controlling stakes.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/813777