uk herd immunity approach is really worrying. Maybe boris is a bit too radical.

once the virus scare is over, ewint will spring back fiercely, added by brexit. The virus scare now is offering temporary opportunity to collect cheap. might as well go with the flow, don't fight the market.

brexit also cannot help now !!

Cannot rule out 0.50 if situation worsen.

Dow big down now. Finally the whole world markets slumped. Situation is getting worse by the day. 0.60 is now looking very possible.

wuhan virus now only the early stage. once reach peak, stock prices may have been hammered kaw kaw beyond recognition.

today may bottom at 70sen. if wuhan virus scared stories continue, next month bottom at 60sen or lower. brexit come at a wrong time.

Tmr last day to wash clean clean before UK leave EU.

wash clean clean before start a new chapter.

A new chapter for UK on friday, maybe a new chapter for ewint too.

THE European Parliament tonight brought the curtain down on Brexit, paving the way for Britain to leave the bloc on Friday.

Britain is now guaranteed to leave the EU with a transition deal at 11pm on Friday January 31
https://www.express.co.uk/news/uk/1235187/brexit-news-european-parliament-withdrawal-agreement-vote-meps-latest-eu-news

Brexit is happening! Boris' deal to pass FINAL hurdle today as MPs overturn Lords' defeats
https://www.express.co.uk/news/politics/1231542/brexit-latest-news-boris-johnson-deal-vote-MPs-commons-house-of-lords-defeats

Ewint prospects is looking rosier by the days !!

BREAKING NEWS !! BREAKING NEWS !!

EU CAVES: Brexit trade deal WILL be done in 2020 – Brussels drops threat to take years

BRUSSELS tonight handed Boris Johnson a boost in his bid to deliver a post-Brexit deal with the EU in the next year by promising to stagger trade talks.
https://www.express.co.uk/news/uk/1231458/Brexit-news-UK-EU-Michel-Barnier-trade-deal-Boris-Johnson-latest-update

ewint will rocket after 31 jan. come on board now, it will be on an upward journey soon.

Apparently the house of commons can overturn the lords amendment and still have the withdrawal bill passed as law !! wow look like brexit on month end is happening .... GREAT !! Ewint will soon be a winner !! It is such a laggard compare to the uk property counters.

What Boris Johnson going to do next is crucial whether Brexit will be done on 31 Jan.

Mr Johnson is now faced with the prospect of accepting the Lords’ amendments or risk getting into a standoff that could see the withdrawal agreement not passing through Parliament in time for the UK’s exit from the European Union at the end of the month.

BORIS JOHNSON is under huge pressure after with his Brexit deal in danger of not passing through Parliament in time for January 31 following a crushing defeat in the House of Lords.
https://www.express.co.uk/news/politics/1230682/Brexit-news-latest-eu-finance-firms-UK-leave-eu-Boris-johnson-withdrawal-agreement

Oh no, Boris Johnson DEFEATED in the House of Lords as peers demand changes to Brexit bill.
https://www.express.co.uk/news/politics/1230934/boris-johnson-defeat-house-of-lords-brexit-withdrawal-agreement-eu-deal-latest

As it is possible that Brexit may not be done on 31 Jan, local big boys maybe waiting for Brexit to be officially done before push up Ewint, just like Huaan, after being down for more than a month, was finally pushed up after it was officially uplifted from para 8.03A.

It is not guaranteed that Brexit will be done on 31 Jan 2020, despite conservative majority win in the latest election.
==============
Though the withdrawal bill could pass through the House of Commons easily as conservatives are the majority there, it could stall in the House of Lords, which is controlled by the opposition via a combination of Labour and Liberal Democrat peers.

While the bill is in the upper chamber, Lords members may make amendments, but it must go back to the House of Commons for changes to take effect.

The Lords cannot stop the bill altogether but may be able to keep it in a state of ‘ping pong’ as it swings between the two Parliamentary chambers, prolonging the legislation and preventing a January 31 exit date.
https://www.express.co.uk/news/politics/1228166/Brexit-block-news-House-of-Lords-Lords-block-Brexit-bill-Withdrawal-Agreement

haha caught one hamsap apek !

compare the share price movement between ewint and uk property developers before and after the uk 12 dec election, then you will see why ewint is priced out.

It is not priced in. On the contrary it is priced OUT !!

maybe after 31 jan, when uk is confirmed officially leave eu.

So now 3 EU members, namely Hungary, Ireland and Germany, want to see trade deal done in this year.

EU biggest member, Germany want to secure a trade deal this year
=================================================
A SHOCK RIFT has erupted within the EU, after a Tory peer revealed that Angela Merkel could soon become frustrated with the EU’s tough position on Brexit.

Lord Marland revealed that the German chancellor in particular needs to secure a trade deal this year, amid a stalling economy. This conflicts with European Commission chief Ursula von der Leyen’s dismisal of Boris Johnson’s timetable, and the continued threats coming out of Brussels.
https://www.express.co.uk/news/uk/1227663/EU-Merkel-Macron-Brexit-trade-talks-Ursula-von-der-Leyen-news-latest

EU will not be too cocky with UK for too long.

Donald Trump ready for BLOCKBUSTER Brexit trade deal as Boris prepares for US visit
================================================================
HOPES are high in the US that a blockbuster interim trade deal can be agreed with the UK by the summer, ahead of America's presidential election.

While an interim deal by the summer would help Mr Trump’s election chances in November, it would also be a boost to the UK by giving an early indication of the benefits of Brexit. It would also mean that there would be greater pressure on the EU to compromise, to continue to have free access to the world’s fifth biggest economy. Splits have already emerged in the EU over its tactics, with the Hungarian government leading the way in demanding a more flexible approach and “no repeat of the mistakes of the last European commission” in its handling of Brexit.

Ireland has also come out against the commission claim that a deal cannot be done by the end of 2020.
https://www.express.co.uk/news/politics/1227234/brexit-news-latest-US-uk-trade-deal-Donald-trump-Boris-Johnson-summit-summer

hope after 31 jan when uk officially leave eu, then jump up.

树大招风 big tree attract wind

haha u also found out that. try t.y.yap also can.

Trump already got the big prize in the killing of Major General Qasem Soleimani.
The ballistic missiles against multiple Iraqi bases housing U.S. troops were just minor collateral damages, no big deal.

Iran need to wayang wayang a bit to save face, Trump would understand that.

US might not retaliate
================
Iran's assault on US bases in Iraq might satisfy both sides
Tehran can show it has retaliated over the assassination of Qassem Suleimani, while US may shrug off limited nature of strike

Trump, in his first comments after the strikes, also sought to play them down.

"All is well! Missiles launched from Iran at two military bases located in Iraq. Assessment of casualties & damages taking place now. So far, so good! We have the most powerful and well equipped military anywhere in the world, by far! I will be making a statement tomorrow morning."

https://www.theguardian.com/us-news/2020/jan/08/irans-assault-on-us-bases-in-iraq-might-satisfy-both-sides

Wonder what will be the outcome of the showdown between Boris Johnson and Ursula von der Leyen in No 10 Downing street on wednesday.

t.y.yap said ewint will move in jan or feb.

US Ambassador confident of post-Brexit trade deal in 2020 - ‘incredible year’

US Ambassador to the UK, Woody Johnson, has said 2020 is set to be a “incredible year” ahead of the start of post-Brexit trade talks between Boris Johnson and US President Donald Trump.

The US Ambassador has called on the two nations to “embrace the opportunity” and sent “trade into the stratosphere”.

He wrote on Twitter: “2020 promises to be an incredible year for the #SpecialRelationship.

“Let’s embrace the opportunity to take US & UK trade into the stratosphere!”

In the event Ewint get the deals for these 3,000 BTR units next year, I would expect mother to reach at least 1.20 and son high 0.20s, if they are not already there by then.

The beauty of BTR (built to rent) over OMS (open market sales)

While OMS in the UK invest forward, this is not the case for BTR as the institutional investor provides the progress payments for construction.

The downside of BTR is a lower margin for EWI but the company is shielded from the higher risk of OMS, where earnings from a project are recognised only after completion.

BTR deals are usually conducted on a forward funded basis in the UK, explained EWI president and CEO Datuk Teow Leong Seng, who was also present at the briefing. “[Under a forward funding arrangement], you sign a contract with the investor and once the completions [of the terms in the contract] are met, they will pay you the land price and after that, they pay you every month as you build the units. So there is no need for borrowings.
https://www.edgeprop.my//content/1578035/what-build-rent-augurs-ewi
--------
So in summary, BTR benefits to Ewint:

1) earnings is progress payments for construction. No need to wait until project completion like Ewint's OMS projects like London City Island, Embassay Gardens, Wardian London.
So if can secured the Btr deals in 2020, then earnings can be recognised in 2021 onward. So no worry for 2021 revenue and profit.

2) no need for borrowings as it is progress payments for construction.

As early as march this year, Ewint already in the critical phase of negotiations with various institutional funds to expand its built-to-rent (BtR) segment in the United Kingdom.
https://www.edgeprop.my//content/1501110/eco-world-international-talks-institutional-funds-further-expand-btr-segment-uk

EWI aims to add another 1,000 BTR homes by the end of this year and another 2,000 units to its portfolio next year in order to meet its five-year target of managing 10,000 BTR homes.
https://www.edgeprop.my//content/1578035/what-build-rent-augurs-ewi

So Ewint is aiming to add a total of 3,000 BTR homes by 2020 !

I would expect not long after UK leave EU officially on 31 Jan next month, Ewint will get the deals for these 3,000 BTR homes, which were already in the critical phase of negotiations since March this year.

Sales value of these 3000 BTR homes will be about RM6 billion (since sale values of 1084 BTR units sold to invesco were RM2.1 billion) , just nice to fill Ewint's combined 2-year sales target of RM6 billion for FY2019 and FY2020 (already RM1.123 billion as at 31/10/2019).

Wonder whether ewint will react next time when UK officially leave EU by 31 Jan next month, just like Huaan finally shot up after it was officially lifted from para 8.03a

pound to rm is strengthening back to 5.40, things are looking up.

Boris Johnson is really a maestro in politics. His no deal Brexit is actually a precursor to getting a deal, considering that EU need a trade deal more than UK.

Who need a trade deal more ? UK or EU?
-------------------------------------------------------
Describing the EU as a protectionist entity created by socialists, the former owner of Southampton FC argued that Britain had absolutely nothing to fear and everything to gain from a no-deal Brexit.

He explained: “I don’t see any problem myself with leaving on World Trade Organisation rules.

“The whole of the Establishment machine has frightened everybody into thinking that we have to have some form of trade deal signed and sealed before we can leave, but it’s nonsense.

He was confident that Michel Barnier and his chums would agree a trade deal with the UK, given that the EU benefits to a far greater extent from commerce with the UK than the UK does with Europe.

He said: “We have a £100 billion trade deficit with Europe. If we don’t reach a trade deal with Europe, they lose. It is so simple.”
https://www.express.co.uk/news/uk/1221397/eu-brexit-news-latest-party-rupert-lowe-euro-european-union-boris-johnson-conservatives

... though actually aerodynamically incorrect. It is the wind that travels OVER the wing that provides lift. That is, assuming laminar flow. haha ...

... and that augur very well for Ewint. Boris Johnson’s post-Brexit ‘powerhouse economy’ would be like The Wind beneath Ewint's Wings, that make it fly higher than an eagle.

https://www.youtube.com/watch?v=KwLEqespmHA

Boris Johnson’s post-Brexit ‘powerhouse economy’ to flourish for TEN YEARS – study finds
The upbeat picture of the UK's future outside the EU comes as the Prime Minister looks to tie up a host of lucrative trade deals throughout next year.

Top of the list, once Britain leaves the EU on January 31, is a multi-trillion pound super-trade deal with the USA.

Britain is also negotiating its future trading relationship with the EU. Mr Johnson has vowed this will be sewn up by the end of 2020.

Deals with Australia, Japan and Norway, among others, are also expected to flood in once Britain is free from the shackles of Brussels.

Mr Johnson has promised a new "golden age" for Britain during the next 10 years following the tories election landslide.

The PM said his blueprint for the country would bring trade deals around the world to boost UK jobs, 40 new hospitals, excellent schools in every community and "the biggest transformation of our infrastructure since the Victorian age."
https://www.express.co.uk/news/uk/1221146/boris-johnson-brexit-economy-powerhouse-uk-latest

prepare for the worse, ewint could go down for one more month.