The ROE of OCK is 5.32% and with the debt loading of c. RM762 m the ROCE is merely 2.6%. It means that the Group has not achieved a reasonable return for both the shareholders and debt holders even after many years. No wonder, the share price is still at its depressing even after many years.

Moreover, with the high debt levels it places a constraint for the Group to grow its other business ventures and reward the shareholders with dividends.

This is the most profitable counter under this price range. Is not a fantastic company but many things need to be done. ROE and ROCE all mid single digit but at this price is a value buy

I have few counters like this. None failed. All the catalysts are coming for this

Don't worry about the naysayers. They are irrelevant to make you wealthy. The journey to wealth can be lonely, just need to adapt to it. I believe this can be a multibagger. It is just a matter of time. But it is not long

80 cents in the making

Start the engine tomorrow

Just need to stop raising funds from the market and start with payment of dividends

Flowing of 72 million of dividend is a good start. Kitchen sinking already complete

Accumulation in progress. Rental reversion, lower rebates and reopening of the economy. 80 cents in the making

Rebounding soon. Is a good buy now

Who is the real person behind Tass Technology? This is highly dubious

This is hard hit to its credentials, especially to bid new projects in the region. Hence, we need to seek the Board of Directors to seek an explanation on this. IRIS would not left unscathed with this negative development

Anyway, this development will have negative impact to Iris in the mid term, like it or not. First, on the reputation and its financial position as they have deployed many staff and capex on this. With RM70 million it is too little. Investigation by MACC on both parties is a must

The right way if is under investigation is to get it investigated and subsequently revoke its contract by immigration. Then to do a re-tender again to other providers

The stakeholders including shareholders and Bursa need to question on this dubious deal. Is Tass Tech sold to the related parties ?

NIISE is a game changer for IRIS and the company has been investing time and effort for this for many years to get this contract and now they are selling the stake of 80% for RM70 million? This is a dubious deal as it proposed to sell it for an insignificant amount. Bear in mind beside the cost of developing and implementing of the new immigration system, it has a component of maintenance which is highly lucrative and with recurring income

Market already lost trust on the management team and its corporate governance. Any good news also has no impact to its share price

Lousy management team with their actions that were detrimental to the interests of the shareholders. Countless of fund-raising activities, free shares scheme and litigation cases. The only way to go is to eliminate the fats from the Group

It only means that all the projects, including BTR are loss-making.

That's why RM900 m excess cash after 6 years of RM2.4 b investment is bad. If they are good, they already turn the RM2.4 b investment to RM3 or even RM4 b excess cash

But the dividend and the replacement of the management team are the silver linings

A good investment for investors that invested below 40 cents. Anything above is a bad investment

Nope, 2.4 b of issued shares. RM900 m of excess cash at later part of 2023 or 37.5 cents with all the projects completed. For IPO shareholders that invested RM2.4b in 2017 vs RM900m excess cash in 2023, that's negative return of their investments

There should be a change to its management in the UK's operations to improve its lackluster performance? There is no point of getting any awards and accreditations when the Group can't be profitable

And priority is to pay dividends to the shareholders. If they cannot expand the business, it's better to return back the capital to the shareholders

Seriously, they need to change the management for the betterment of the Group

You can see the bigger earnings coming for the future periods

Now is accumulation stage till 20 cents. Min TP is 30

Preparing for 20 cents level

Management changes are imminent to restore it's credibility

Better delist and repay the money back to the shareholders

1 day show. Useless

Only silver lining is the cash distribution. They can distribute up to 80 cents if they do not need to plough it back to their existing projects

Management is incompetent? That's is a fact. Management not able to earn profits from outright sales and BtR projects? Figures tell you everything. Management change is imminent? No choice but to change if they want to turnaround

Recent development, RM0.30 is a conservative scenario. Blue sky scenario can be like Penta

Congrats Chuah as the new MD. Penta 2.0 in the making. Previously they relied on Dyson during with as much as 70% contribution to sales. In 2021, only 42%. It means now they have broader base of customers. If they can continue to expand and get another major customer, then is gonna break new high

Is a good value at current price. But is a very depressive investment for IPO investors that pouring billions but getting negative returns. All end in vain due to inability of the management team to understand on its business model, core competencies and landscapes. More developed the country is, more regulations, compliance and cost of doing business. That's why EWINT is in distress mode

Somehow the UK and Australia markets no longer lucrative for the Group. The projects are nice but somehow they haven't learned to make profits from these projects and the issues spiralling down. Do less, be lean is the way to go till they have found the right business model to make money for its shareholders

No choice, if cannot expand the business than need to be prudence especially on the spending and staff costs. That's why they need to spend less, focused to repay borrowings and repay the shareholders. Is better for them to do less than more. You can see that RM2.4b invested now probably can get RM2b back. It is I'm negative returns more than 5 years since IPO

Its share price now at 27.5 cents, pathetic with more than 2/3 drop in value compared to its IPO.

Just that is underperforming Group with incompetent management team. Its share price performance is a good bellwether to know whether they do well or not. They should be leaned and reduce excessive fat from high salaries, bonuses, benefits and perks to the CEO and management team in the corporate and the UK

Which should work out around RM1.9b, but that is before the recent tumble of UK pound

Is a turnaround counter in a sunrise theme. Given right time and big rebound in market sentiments, expect it to go multibagger

Building base at RM0.16. uptrend setup with good volume. Once is breached, in no time RM0.20

The CEO of UK subsidiary is too young and incapable. The Group President more of finance guy and lacking of business acumen. We need good resource allocator that knows how to putting the resources into right projects

Every dog has its day. But so far not EWINT since it's venture into the UK and AU. Results since IPO were horrible. Don't count on the management team to expand its business but instead hope bigger chunk of dividends instead. It need to be restructured and pivot it's business model from now

Not buying hope. Buy based on facts, numbers and turnaround of financials and business model

The light at the end of tunnel is to get the repatriation of funds which envisaged to be RM0.80. Hopefully more than 3/4 would be distributed

You can just exercise your rights as a shareholder. Raise your questions via AGM or to their investors relations. Just throw a small bomb to them to pressure them.

Any questions and concerns about its business, financials and even issues, please address to its Investor Relations at ewi@ecoworldinternational.com

No point monitoring this unless u want to be a punter. Just wait till elevates to RM0.30 first