I believe EWInt's earnings will improve in quarters to come due to the handover of completed units. I also have been eyeing this stock but hesitate to buy due to several concerns i have in mind. I list them down at below, maybe someone can help to advise. My concerns are :
I) UK may face a no-deal Brexit soon, especially after PM position is taking over by potential candidate, Boris Johnson. If that happens, the prospect of property market in UK and prospect of EWInt will be negatively impacted. Although the coming quarters' earning result is certainly to improve, but market people may think the prospect in extended future would not be good if no-deal Brexit happens, and therefore dampens EWInt's stock price.
ii) EWInt is categorised in "property segment" in Bursa. There are many property companies in Bursa selling at low PE presently due to market has negative sentiment on this segment. Market may also give low PE to EWInt even when it shows higher earnings in coming quarters.
Anyone has any comments on my concerns above, pls share. Thanks.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
value88
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Posted by value88 > 2019-07-10 21:41 | Report Abuse
I believe EWInt's earnings will improve in quarters to come due to the handover of completed units. I also have been eyeing this stock but hesitate to buy due to several concerns i have in mind. I list them down at below, maybe someone can help to advise. My concerns are :
I) UK may face a no-deal Brexit soon, especially after PM position is taking over by potential candidate, Boris Johnson. If that happens, the prospect of property market in UK and prospect of EWInt will be negatively impacted.
Although the coming quarters' earning result is certainly to improve, but market people may think the prospect in extended future would not be good if no-deal Brexit happens, and therefore dampens EWInt's stock price.
ii) EWInt is categorised in "property segment" in Bursa. There are many property companies in Bursa selling at low PE presently due to market has negative sentiment on this segment. Market may also give low PE to EWInt even when it shows higher earnings in coming quarters.
Anyone has any comments on my concerns above, pls share. Thanks.