Posted by investmentMonster > 2016-04-29 13:32 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/04/29/cimb-shareholders-of-eco-world-confident-in-future-prospects/

Posted by hewusana > 2016-04-29 14:36 | Report Abuse

Thanks for tip

Posted by Old90 > 2016-04-29 14:56 | Report Abuse

*It added on Friday it believes any share price weakness following the announcement is a buying opportunity for investors. “Eco World remains our top sector pick as it is the sector’s bell-weather. Potentially stronger sales and earnings in the coming quarters are the key re-rating catalysts,” it said.

Posted by Bob Barley > 2016-04-29 15:30 | Report Abuse

"We are not surprised by the proposed private placement given ECWs aggressive landbanking over the last two years and intention to subscribe up to a 30% stake in the upcoming listing of an international business unit. The undertaking by major shareholders removes any overhang. We lower our FY16-18 EPS forecasts by -11% to -20% and RNAV by 9%. Our new RNAV-TP is MYR1.52 based on a 40% discount to RNAV. Maintain BUY."

Posted by GoldenShares > 2016-04-29 16:17 | Report Abuse

RSI 13.6, ha ha

Posted by investmentMonster > 2016-04-29 17:34 | Report Abuse

when is the next quarter report? before or after EWI listing?

Posted by Angielim9955 > 2016-04-29 18:37 | Report Abuse

hewusana : hi team , I just bought this counter , Can someone kind tell me base on info below can let me know whether ecw is a cash rich company :
thanks and appreciate guys

F.Y. Revenue ('000) Profit Attb. to SH ('000) NPM (%) EPS (Cent) PE DPS (Cent) DY NAPS ROE (%)
TTM 2,017,545 61,564 4.00 2.90 44.49 0.00 - 1.3400 2.16 View Source
2015-10-31 1,712,061 43,952 3.00 2.64 51.90 - - 1.3400 1.97

thanks and appreciate guys

Posted by JN88 > 2016-04-29 19:55 | Report Abuse

Without EWI I will not consider this counter. Bravo this Dato....

Posted by stockmanmy > 2016-04-29 20:37 | Report Abuse

Liew: whatever Tony can do, I can do better.


buy.

Posted by JN88 > 2016-04-29 21:01 | Report Abuse

Tony make 'EVERYONE can FLY'.....Liew will provide home for u to stay at oversea and give you chance to buy home oversea to bring you family hv a good good holiday. Can you imaging how powerful and great of this two person??

Posted by limko1 > 2016-04-29 21:06 | Report Abuse

If u can afford to buy home oversea, u don't need to fly with Tony any more!

Posted by JN88 > 2016-04-29 21:32 | Report Abuse

I feel comfortable when fly with TOny, other airline so dangerous, if smtg happen >>> Ohh so sorry.

Posted by GoldenShares > 2016-05-01 10:13 | Report Abuse

technically Ecoworld looks good, i think will breach 1.32 next week, short term TP 1.35, enjoy the games : )

Posted by projecti2016 > 2016-05-01 18:31 | Report Abuse

joined ECW bandwagon @1.28

Posted by Old90 > 2016-05-03 10:54 | Report Abuse

EcoWorld’s private placement to raise up to RM768.4m
Maintain “buy” with a lower target price (TP) of RM1.72: Eco World Development Group Bhd (EcoWorld) has proposed to undertake a private placement of 591.1 million shares, representing 25% of the existing shares. The placement will be done in tranches with the first tranche of 449.2 million shares (76% of the total placement) placed to major shareholders of EcoWorld (Liew Tian Xiong and Sinarmas Harta Sdn Bhd). The subsequent tranches for the remaining 141.8 million shares will be determined later.
Read More at : http://www.theedgemarkets.com/my/article/ecoworld%E2%80%99s-private-placement-raise-rm7684m

Posted by Old90 > 2016-05-03 10:56 | Report Abuse

Strong anchor investors for IPOs
Guocoland said to be eyeing a big block of shares in EWI listing

PETALING JAYA: Guocoland (Malaysia) Bhd, the property firm controlled by Tan Sri Quek Leng Chan, may emerge as one of the anchor investors in Eco World International Bhd (EWI).

Sources said Guocoland was among major institutional investors eyeing big blocks of shares ahead of EWI’s proposed RM2bil initial public offering (IPO).

Property developer EWI and manufacturers such as Salutica Bhd and LKL International are taking advantage of a revival in the IPO market to sell their shares.

The steady performance of the FTSE Bursa Malaysia KL Composite Index (FBM KLCI), backed by a returning inflow of foreign funds, is also helping to boost sentiment.

Out of the four companies that listed their shares on Bursa Malaysia so far this year. Only Ranhill Holdings Bhd is currently trading below its IPO price.

Nine companies are en route to listing, three on the Main Market and six on the Ace Market of Bursa Malaysia.

A vice-president of corporate finance for an investment bank said that IPOs would be well received, assuming sentiment in the market remained strong.

“EWI shares will likely be oversubscribed due to the strength of the Eco World brand and reputation,” he said.

EWI is the international arm of Eco World Development Group Bhd, with properties in the UK and Australia.

Proceeds from the proposed IPO will be utilised by EWI to provide working capital for the UK and Australia projects.

They would also be used to repay borrowings undertaken to part-finance land and related acquisition costs and project development expenditures.

Its projects in London, and west Sydney has garnered cumulative sales of £712.5mil (RM4bil) as of Jan 31, 2016.

EWI’s proposed offering is set to be the biggest year-to-date. The other offerings are relatively small in size.

Another investment banker said Salutica and LKL International would be oversubscribed as the public float is relatively small.

“Smaller IPOs should be manageable because there is enough liquidity to go around and the share price is cheaper.

“In addition, most IPO buyers are long-term investors who are not concerned about short-term market fluctuations,” he said.

Both companies are to be listed on the Ace Market.

LKL International aims to raise RM22.6mil from its IPO, while Salutica is targeting to raise RM62.4mil. LKL International is planning to use most of the proceeds for the acquisition of new machinery to increase its operating efficiencies.

Meanwhile, RM25mil from Salutica’s listing will be used to expand the company’s production capacity and its high-end Bluetooth product line.

Apart from Ranhill, other companies that went public this year were Bison Consolidated Bhd, Chin Hin Group Bhd and Pecca Group Bhd.

Posted by vxpoison > 2016-05-03 14:22 | Report Abuse

BUY....

Posted by Old90 > 2016-05-03 15:17 | Report Abuse

Ya, buy at low now, profit later on after 2 months as the listing of EWI. *Guocoland (Malaysia) Bhd, the property firm controlled by Tan Sri Quek Leng Chan, may emerge as one of the anchor investors in Eco World International Bhd (EWI). * Don't forget, ECW, will hold a 30% stake of EWI.

Posted by investmentMonster > 2016-05-03 15:21 | Report Abuse

Old90 do you know when is the listing of EWI?

Posted by Old90 > 2016-05-03 15:34 | Report Abuse

investmentMonster, expect in this coming June, July or August for the Tentative listing date.

Posted by investmentMonster > 2016-05-03 15:38 | Report Abuse

Quarter report in June right? then EWI income will not be reflected in the coming quarter lo

Posted by Old90 > 2016-05-03 15:50 | Report Abuse

Ya, next coming QR will be at June, n will not reflect in tis coming QR. Now, all just waiting the listing of EWI only, as then ECW(Malaysia) relate to EWI(International)(the 30% stake hold), only then the price of ECW will shoot up.

Posted by expertmillion > 2016-05-04 22:32 | Report Abuse

TP is 1.5, don't miss this golden chance to grab at underprice

Posted by stockmanmy > 2016-05-04 22:39 | Report Abuse

dont buy this buy what woh?
the listing EWI is the most antocipated event of the year.

buy before it moves up.

Posted by GTMS > 2016-05-05 10:54 | Report Abuse

should drop further cause private placement ...

Posted by Dave Jet > 2016-05-05 11:55 | Report Abuse

Gtms: what is your tp？

Posted by GoldenShares > 2016-05-05 11:57 | Report Abuse

EPF blocking, don't expect any movement until listing of EWI in June, : )

Posted by Dave Jet > 2016-05-05 12:00 | Report Abuse

Oic

Posted by CikYah > 2016-05-05 12:00 | Report Abuse

Avoid this counter for awhile. Even massive news came out, the price still boring. Oversold.

Posted by Old90 > 2016-05-05 12:08 | Report Abuse

Accumulate as the price is cheap now.*For those who willing to wait*.

Posted by stockmanmy > 2016-05-05 13:14 | Report Abuse

Buy now when it is cold.

Posted by GTMS > 2016-05-05 13:21 | Report Abuse

should have room to drop further...

Posted by skyin35 > 2016-05-05 13:48 | Report Abuse

How many % to drop again?

Posted by Mohd Fahmi Bin Jaes > 2016-05-05 13:51 | Report Abuse

5-15%

Posted by Vin Cullen > 2016-05-05 14:06 | Report Abuse

I believe the bottom Is there...
RM1.23-RM1.30 ~~ The price drop almost 80 sen after split RM2.00++

Posted by stockmanmy > 2016-05-05 14:26 | Report Abuse

It will get hot

How much the risk when buy cold?

Posted by skyin35 > 2016-05-05 14:27 | Report Abuse

Mean now is a good time to collect more share, right..

Posted by skyin35 > 2016-05-05 17:07 | Report Abuse

Today RM1.28 very steady....tomorrow collect more at RM1.29.

Posted by expertmillion > 2016-05-06 12:33 | Report Abuse

Congrats for those who are able to grab it at 1.28-1.29, trend is showing going up steady soon

Posted by vxpoison > 2016-05-06 14:04 | Report Abuse

still waiting for big player to come in... today ikan bilis volume... Let's see the other half session.

Posted by investmentMonster > 2016-05-06 14:45 | Report Abuse

EPF giving ang pow, no reason to reject

Posted by skyin35 > 2016-05-06 14:46 | Report Abuse

Grab more and more before RM1.30...

Posted by skyin35 > 2016-05-06 15:25 | Report Abuse

investmentMonster, When EPF going to give ang pow?

Posted by investmentMonster > 2016-05-06 20:08 | Report Abuse

Already giving, EPF selling non stop at low price now

Posted by vxpoison > 2016-05-07 11:18 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/05/07/epf-puts-more-money-into-stocks/

Posted by valueinvestor > 2016-05-07 15:57 | Report Abuse

more than 80% steep discount in ......
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-xap1/v/t1.0-9/13062267_1109245865762105_2122962239462515007_n.jpg?oh=7412722046dccb55591c930013d78b8e&oe=579EE7DB&__gda__=1471340770_981b1c1c4ea200e20c683143b3490877

Posted by Old90 > 2016-05-09 16:16 | Report Abuse

Still need summore time, patience.

Posted by investmentMonster > 2016-05-09 18:02 | Report Abuse

has the private placement done yet?

Posted by Dave Jet > 2016-05-09 22:26 | Report Abuse

I think not yet.

Posted by investor2013 > 2016-05-10 11:40 | Report Abuse

Wait 1.23