i sold 0.660-0.645 average sold 0.651 earn small profit, but not i cause ewein drop. the actual problem is reference to the link http://www.kwongwah.com.my/?p=342217 and our malaysia no,1 political and wife problem cause our malaysia stock down. also US problem. that why i think is better to sell because i still can get a bit profit, many other share drop, we can consider to buy in other share.
Dividend coming on 17th July, and project award announcement along. Dont miss this chance now at 3 years bottom price 0.590 level. TP shall above 0.700
Yes, Political issue may be is one of the reason behind this... The frustrated thing is the current price is too low to sell for cutting loss. But I will accumulate some... This counter already being controlled so cannot tell how low it will go down.... As long as the business still profitable... eventually the price will move up....
The facts below are available to every investors. You just need to look for the answers yourself and think about it.
Ewein Annual Report 2016 - Financial Statement under REVENUE: Goods sold less discounts and returns @ 39,216,973 Property development revenue @ 28,588,293
Ewein Annual Report 2015 - Financial Statement under REVENUE: Goods sold less discounts and returns @ 41,694,828 Property development revenue @ 39,793,152
The property development revenue comes from their first and ONLY development project in Penang. It's called City of Dreams. And this project has not been moving for a long time. Take a drive down to the project, speak to the neighbouring residents and check with the local council on approvals and etc, you will find answer for yourself. To me, property development revenue is delusional. Based on the above figures, you might want to do some thinking on your own. What is the real earnings of the company.
In my opinion, this is their first project. This company hasn't got any experience in construction, atleast not yet. Property market is bad, it is not easy to sell. What's worst is the project is not moving. The company took into consideration the deposits paid by the purchasers into their revenue. If the project is not completed, or delayed, there will be serious repercussion to their revenue in future earnings.
Also, you will need to analyze the earnings of their core business. Is it increasing, or decreasing? That's what i look for because it's their core, it is the very business which they have spent the lifetime of the company on, before they took up property development.
The share price has been dropping not because of retail investors selling. It is due to selling by fund managers and institutional investors who analyze the company deep down to its bone.
City Of Dreams existing build lv60 floors, and now cut to left 38 floors, Ewein profit big cut. that why drop so much, bright future ? hehe investor already throw all, you still hold it when high until now 0.500. share market is like that, you earn have to take profit.
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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....
Penang_lang
765 posts
Posted by Penang_lang > 2017-06-06 03:37 | Report Abuse
We support DAP. LGE pls approve City of Dream projects sooner.