Posted by Fabien Extraordinaire > 2018-07-11 17:34 | Report Abuse

I would prefer to gain exposure to EWI by owning Eco World Berhad

Posted by signalmw > 2018-07-11 19:47 | Report Abuse

中国．北京11日讯）美国周二晚间就2000亿美元（约8055亿令吉）加征关税的建议产品清单征求公众意见，周三中国金融市场反映强烈：中国股市沪综指开盘大幅低开1.7%；汇率方面，人民币兑美元即期盘初大跌创7月3日以来新低。

Posted by GoldenShares > 2018-07-11 20:27 | Report Abuse

musang king, : )

Posted by value88 > 2018-07-12 18:34 | Report Abuse

Market people already knew EWINT's overseas property development will only see the revenue and profit upon the completion of the properties. In other words, it is known that the profit will come only in later part of 2018 and 2019. Otherwise, how can a property company which made loss in past 6 quarters consecutively can still sell at 0.93 P/BV.

Posted by value88 > 2018-07-12 18:38 | Report Abuse

Comparing with Tambun which made profit in past several years and sellig at merely 0.63 P/BV and ~PE5, EWINT is not cheap relatively.
Even when EWInt registers good profit in subsequent quarters from its completed overseas project, that only justify its current price at 0.93 P/BV..I don't think there will be a huge jump in its stock price when people see EWInt turns from loss to gain in subsequent quarters bcos that is within expectation.

Posted by Jon Choivo > 2018-07-13 23:31 | Report Abuse

Its a one off.

Posted by Jon Choivo > 2018-07-13 23:35 | Report Abuse

But still very attractive punt.

Posted by newbie911 > 2018-07-14 09:23 | Report Abuse

Why one off, u think they will not expand their business?
More and more project ahead.

Posted by Flintstones > 2018-07-14 09:39 | Report Abuse

Come on guys. Icon is writing this on a short/mid term trading perspective. Nobody is asking you to hold this counter long term. Heck, nobody in i3 holds long term. One off or not, people will be flocking into this counter when they see explosive profit. Timing is key in this play.

Posted by Jon Choivo > 2018-07-14 10:02 | Report Abuse

Ecoworld has one of the best management around. No doubt about that. They should grow. But the runway is longer than most think.

In property development, the way to make money is to buy land from a long time ago, and when the land prices appreciate, you develope, making money on both the house and the land.

I don't think ecoworld really has that land earnings for now.

If you look at their roe for ecoworld. It's barely above fd. But over time, they should grow to be pretty good.

Posted by qqq3 > 2018-09-22 10:32 | Report Abuse

EWI can do or not with all the negative news about London and Australia property market........?

or is it icon don't know what to do with his EWI?

Posted by qqq3 > 2018-09-22 10:44 | Report Abuse

its a contrarian play.....but I would not choose property counter for contrarian play....

Posted by qqq3 > 2018-09-22 20:02 | Report Abuse

icon got spare cash why not buy more jaks, Sendai and LionInd?

Posted by VenFx > 2018-12-13 18:16 | Report Abuse

appreciate tokoh icon8888 effort.
like 1st ?