ECO WORLD DEVELOPMENT GROUP BERHAD

KLSE (MYR): ECOWLD (8206)

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Last Price

1.80

Today's Change

-0.01 (0.55%)

Day's Change

1.75 - 1.82

Trading Volume

7,642,800


24 people like this.

18,599 comment(s). Last comment by JJPTR 3 weeks ago

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 18:58 | Report Abuse

至于其他的家,是给本地人买来自住的,
相信HOC free MOT 加上help2own,很多人会争取这个机会去买入他们的理想家园

事实胜于雄辩
不然别乱吠

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 19:02 | Report Abuse

温馨提示,要买家的朋友们,不要等到12月31号才买哦 kikikiki..spa 要在1231之前买哦

yongch

1,104 posts

Posted by yongch > 2019-11-08 19:07 | Report Abuse

Hahaha...ok la!那就明年2020年驴子中元价定马币8.88@香宫!!!有意思!!!kikiki...tp8.88!!!kikiki....

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 19:13 | Report Abuse

有图,有真相

没例句,自我幻想的推测
只能打嘴炮

ecoworld推出的help2own计划,帮助许多要upgrade自己生活圈的人有足够的时间卖掉自己的旧家
VP后 分期付款给回ecoworld
多1-2年将会是大量资金回归的时候,这叫债务分配
最重要还是销售
假设你借了一大笔的钱来做生意,打开门没生意,你肯定很惨
但是如果我跟你说生意很不错,债务它是什么呢?
这些资料只是一小部分,但是足以盖着一部分傻子的嘴巴
不信,自己走进去问,去调查

我好想吐血
吃到那么老了还要在这里做傻子
有时间,有钱的话去帮助有需要的人
没时间没钱的话就在家里静静,思考你没钱的原因,你失败的原因
不要在ewint 做了傻子,又跑回来做多一场show
我想笑,但是却不好意思笑,结果我还是忍不住笑了
kikikiki

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 19:17 | Report Abuse

都还没到目标价5毛,哪里可以那么快就要8.88?

债务每个发展商也有,但是也许销售慢,会比较吃力,但是很明显的政府已经开始推行外国人600k门槛政策,这对全国主要城市房地产带来一定的好处。

不过0.50好,0.45也好
总之一句话,我等

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 19:30 | Report Abuse

我很严重怀疑g trade的数学,或者他对qr report的理解能力,可能他比上市公司的专业团队厉害算
精算师?还是神算子,不灵不收钱?
kikiki
RM180 psf 的地,也不会卖300psf吧?
据我所知300psf包括第二楼的吧?
一层psf,用两层计算,developer怎么没钱赚呢?
我很好奇,好想想g trade大湿学习学习

apalumau

2,192 posts

Posted by apalumau > 2019-11-08 19:53 | Report Abuse

在赌场,输光的人是没发言权的; 跟股市一样,没票的讲什么都是假的。

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 19:58 | Report Abuse

Eco Sanctuary land price: RM 35 psf
Eco Majestic land price: RM 15 psf
Eco Grandeur land price: RM 12.37 psf
Eco Horizon land price: RM 52.17 psf

BBCC UDA land -Joint Venture
Eco Ardence Cascara land Joint -Venture

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 20:00 | Report Abuse

我认同你apalumau
没票不要说那么多,向你的神祈祷可以去到你的tp哦

apalumau

2,192 posts

Posted by apalumau > 2019-11-08 20:33 | Report Abuse

那个是回去年中元节Ah Yong 自己说8.88他开桌请吃饭。 8.88不到,大家没损失什么,反正只有白吃,包赢的,何必回去麻烦你家的神呢?!?

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 20:41 | Report Abuse

tp 0.50不是吗

apalumau

2,192 posts

Posted by apalumau > 2019-11-08 20:52 | Report Abuse

目标价这玩意是给ANALysts 玩的,谁也可以说,不犯法,你信不信而已。
买卖股票不用到处讲的,自己心里有数,也不须别人认同,因为别人不会跟你买单。嘴巴赢又怎样?看好自己的口袋才最实际。

apalumau

2,192 posts

Posted by apalumau > 2019-11-08 21:00 | Report Abuse

贱世一向来都高过贱国际,最少两三毛。现在贱国际反超16分了,那里的网民也很少讲股价的,反而是人山人海的贱世文分不动。越赞越买越不起,反而无人问津的静静起了。很讽刺吧??

apalumau

2,192 posts

Posted by apalumau > 2019-11-08 21:14 | Report Abuse

如果贱世现在天天涨,大家在这里天天吵,这我可以理解。问题是贱世天天跌或平盘,大家天天吵,什么逻辑?吵爽?吵口气?更好笑是,如果有票的跟没票的天天吵,真的没意思啦!
我觉得大多数贱世的网民们是零票的!

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 21:29 | Report Abuse

kikiki...
有吵才是好事,最少能够知道利与弊,我能理解它的股价真的低,但是这就是买入时间。
刚刚看了网路james share investing的live,谈了spsetia,除了spsetia 有雄厚的地库与派发股息之外,它的销售近年来很明显变差了。
为什么一家年轻才6年的公司,业绩增长速度很快,而且用创意销售保住利润的公司无人问津?
这股价真的够美,还要0.50?
公司价值,来领的季度大家就会看到,HOC/他们h2o的成绩,YOY会不会突破历史新高?

apalumau

2,192 posts

Posted by apalumau > 2019-11-08 21:32 | Report Abuse

有时在赌场手风不顺,就会到处游荡,看看有没有那些超倒霉的买什么吃什么的赌徒,他下那就反他那里,。这招还很管用的!!!

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 21:41 | Report Abuse

BBCC which sits on 19.4 acres of land will have a total gross build-up area of 6.7 million
square feet with a GDV of RM8.7 billion. The masterplan comprises a Retail mall, an
Entertainment Hub, 5 blocks of serviced apartments, a 4-star hotel, 2 blocks of Strata offices
and an 80 storey 3-in-1 signature tower housing corporate offices, a 5-star hotel and luxury
residences.
Phase One, scheduled to be completed by December 2020 will consist of the Retail mall, the
Entertainment Hub, the 4-star hotel, one Strata Office and 2 blocks of serviced apartments.
These components account 50% of the total built up area of BBCC.
Since its official launch in December 2016, BBCC has enjoyed positive market response for
the Serviced Apartments comprising 393 units and the Strata Office comprising 341 units.
More launches have been planned for the second half of this year.

明年的BBCC那么有看头,几个月卖了最后的库存,无论是之前的unbill sales还是最近hoc和反送中的sales,都足以让股价飞高,持有就会有收获

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 21:52 | Report Abuse

负债和现金流问题每个发展商都有,spsetia也要卖英国的一块地啊,ibhd 也做了right issue,股价也有反弹迹象。
ewint已经有盈利了,要记住ewint的盈利也会贡献给母股,来临的季度报告,很有信心是好的,就犹如有答案的考试卷,还是要考虑吗? kikikiki

apalumau

2,192 posts

Posted by apalumau > 2019-11-08 22:01 | Report Abuse

股票是越买越跌,跌到你心服口服的。股票也是越卖越起,起到你心服口服的。
之前在永大,1.60跌到五毛,来了一班天天唱好的网友,讲什么都是头头是道,结果跌到三毛,走到一个也不留。现在两毛,鬼也没兴趣!
你们在抢庄家的票,庄家会轻松给你们赢钱吗?压你一,两年,等你亏利息,到时你还没死,才给碗粥你吃吧!!!

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 23:04 | Report Abuse

其实我最怕庄家等不及而已kikiki...别那么快推上去,我只是知道ewint有好多大咖,buycall 不断,今天的起已经是预料中事

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 23:55 | Report Abuse

to ks55
债务算什么?
透过我一个agent朋友,我有了一些数据
自香港送中事件发生,引起了许多外国人狂买吉隆坡公寓
我不想你傻羊,bahai,ks55,gtrade
乱乱说话,没有理据
ecoworld的债务已经不是新闻
但是对于最新进度大家大概还不是很清楚
HOC ownership campaign 的effect,你还在睡着觉
再加上香港人的投资,这就是成绩
agent朋友发给我的7月销售图
里面7月大概有80多间unit available

10月就只剩下不到19间
短短的3个月卖了60多间,我不知道profit几时会出现,但是他们说他们的6bil sales,反正我相信了,你不信,继续你的tp0.45/0.50吧
kikikiki
打开下面的link,才扮大师
你无知我不怪你,但是你若要扮大师,误人子弟,我只好用证据来证明bbcc 的销售

7月
https://ibb.co/jyFj8wN

10月
https://ibb.co/CbVmwD9

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-08 23:57 | Report Abuse

to ks55
债务是杠杆,低水准的傻b 看不懂,不明白不怪你,buy call le Gkent 怎么没起啊?kikiki

透过我一个agent朋友,我有了一些数据
自香港送中事件发生,引起了许多外国人狂买吉隆坡公寓
ks55
乱乱说话,没有理据
ecoworld的债务已经不是新闻
但是对于最新进度大家大概还不是很清楚
HOC ownership campaign 的effect,你还在睡着觉
再加上香港人的投资,这就是成绩
agent朋友发给我的7月销售图
里面7月大概有80多间unit available

10月就只剩下不到19间
短短的3个月卖了60多间,我不知道profit几时会出现,但是他们说他们的6bil sales,反正我相信了,你不信,继续你的tp0.45/0.50吧
kikikiki
打开下面的link,才扮大师
你无知我不怪你,但是你若要扮大师,误人子弟,我只好用证据来证明bbcc 的销售

7月
https://ibb.co/jyFj8wN

10月
https://ibb.co/CbVmwD9

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 00:04 | Report Abuse

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

大湿,aiyoyo,扮神扮鬼到最后扮猴子
神预言

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 00:05 | Report Abuse

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

不要扮专家
傻仔乱写地价你跟着吹,跟尾狗也没跟的那么贴
完全不用思考的说4m一个acre,榴莲芭啊? kikikiki
笑死我了

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 00:09 | Report Abuse

ks55 BBCC and London developments are time bombs.
When they explode, Ecoworld will burst into pieces.
How come nobody tell you that?
Suppression of information to lure newbies into this trap?

If Ecoworld is good, do you think LKS want to depress its share price by buying at 45 sen from his son?
He can buy at 99 sen, yet need not go for MO.
Just think about why 45 sen, not 99 sen.
Anyone wish to give logical explanation?
31/10/2019 10:35 AM

注意预言家,完全不需要思考可以说话的人,扮猴子

人家说4m 1arcre 他也跟着说,
据我所知种满猫王的榴莲芭都没这么贵,
ks55 和gtrade好无知哦
嘻嘻
这么傻的人写的东西,大家笑一笑就好

ks55

4,219 posts

Posted by ks55 > 2019-11-09 00:11 | Report Abuse

Ecoworld at best is 45 sen. Why?

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 00:15 | Report Abuse

Gtrade aiyo, i check ECOWORLD annual report, property land under the company all are bought at 4-5m per acres. How the developer can make money? Who negotiate to buy at 4-5m? The land owner must be very very happy and thamk ecoworld for paying so high price. But ecoworld not a single sen pay dividend to shareholders
31/10/2019 11:07 PM

Gtrade i check ECOWORLD Annual Report for 2015. The similar land was valued at lower cost, about 30% lower. To be fair Ecoworld did not buy land at sky high price. Just that the compony revalue their land at sky high price, so NTA looks nice at 1.50. If there were to follow other property company land value, NTA should be about 70sen
01/11/2019 11:33 AM

joke of Ecoworld.. joke of annual report
which land 4-5m per acres? which yea?Eco Durian Dusun? or Eco Muskang King? kikiki

seconr joke

ks55 One acre 4 million. Work out to be 88 ringgit psf.
Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf
If conversion ratio 0.5, cost of land is 176 ringgit psf.
That is before capitalise on interest charges, infra cost.

If I can find some company with land cost 5 ringgit psf, why should I go for Ecoworld with land cost 146 ringgit psf?
Selling a 2k land itself can make rm 340k, so need not bother to make from construction itself.
Cost of construction with quality finishes is about 250 ringgit psf.
With build-up area 2000 sf, cost is only 500k.
Selling and marketing at 5%, other incidences at 10%.
If I can sell at 1 million, I still make 350k per unit.

Can Ecoworld sell at 1 million, and still make profit?
By the time it break even, I already pocketed 350k profit.

So, Ecoworld is definitely not worth 65 sen.
45 sen is fair value.
20 sen is very bargain.

Up to you to calculate what is the best entry price.
Not a bad idea to take Q from the price paid by LKS, i.e. 45 sen................
31/10/2019 4:43 PM

我本来以为你是大仙,还是大湿
但是看了你这么没有脑的分析,4m per acre的言论,推翻了你所说的话,真的太好笑了你们两个
在这里拍这么多傻子戏
谢谢你 的call buy,gkent一个星期了 还是一样,果然是大湿

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 00:19 | Report Abuse

如果ecoworld 4m买一acres,真的吓到,买高山猫山王榴莲芭更好哦,好好笑哦,我还那么认真找地价。
如果我早一点发觉你们这么傻,我才不理你们
我的确高估了你们,你们真的是网络笑话,更别谈要在现实生活成功
嘻嘻,好期待你们接下来的笑话,好想笑

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 00:24 | Report Abuse

gtrade老花看错了数字是吗?ks55肯定没老花,只是没有脑袋过滤,还要用4m per acres来计算profit,哇哈哈哈哈

你这样算法,算一辈子都亏钱
都说你们没脑啦,终于我看到一个乱写,另一个乱作

如果我是你们,我静静就好
因为你们真的很傻,很笨
指鹿为马,指eco majestic为榴莲芭
kikikiki

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 00:34 | Report Abuse

ks55 u are just a joker

跟尾狗/跟屁虫copy and paste
没消化能力的脑,不能分辨真伪,分析不了事情
喜欢乱说话的嘴,没经过验证死要说
固执但没有料的傻 閟一个
不会装会的skl,
buy call失败,凭什么在这里乱吠?
4m一 acres?

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 00:42 | Report Abuse

不懂装懂,还要仔细的去把自己的愚蠢放大,莫过于这些人

国家的进步这么慢因为有这些人,不去了解全部事情,乱乱写,乱乱仙

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 00:45 | Report Abuse

to ks55,
Mohd Fahmi你认识吗?
你们是不是同门师兄弟?
那个就一直写run, sell
你就乱乱吹
和gtrade 根本就是绝配,笑话

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 01:23 | Report Abuse

http://www.enanyang.my/?p=1314460

近4年来首次·下调0.5% 国行突降准料释75亿

key point

他预计,明年国行可能最多只会降息1次,因为目前外围的最大不确定因素中美贸易战,似乎开始有缓和迹象。中美双方可能会在今年达成第一阶段共识,逐步取消关税。

opr rate cut... will bring property sector to another peak
i am not sure about ecoworld debt related to it or not..

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 01:31 | Report Abuse

势在必推
纵使百般阻挠,Ecoworld基本面仍然很强劲,而且还会更强

负债和现金方的确是他们现在面对的问题,但是只要生意照跑,家照卖
肯定不是问题


透过我一个agent朋友,我有了一些数据
自香港送中事件发生,引起了许多外国人狂买吉隆坡公寓
ecoworld的债务已经不是新闻
但是对于最新进度大家大概还不是很清楚
HOC ownership campaign 的effect,你还在睡着觉
再加上香港人的投资,这就是成绩
agent朋友发给我的7月销售图
里面7月大概有80多间unit available

10月就只剩下不到19间
短短的3个月卖了60多间,我不知道profit几时会出现,但是他们说他们的6bil sales,反正我相信了,你不信,继续你的tp0.45/0.50吧
kikikiki
打开下面的link,才扮大师
网上一些人无知,要扮大师,误人子弟,我只好用证据来证明bbcc 的销售

7月
https://ibb.co/jyFj8wN

10月
https://ibb.co/CbVmwD9

Ncm88

1,219 posts

Posted by Ncm88 > 2019-11-09 05:10 | Report Abuse

Now already bottom price le, 价钱烂到没的再烂了

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 09:47 | Report Abuse

我们并不能控制股价,无语置评股价是否最低点
但是fundmental与它的销售成绩,再加上政府最新政策600k门槛,将会为本地卖不出的楼盘带来了新的机会
自2018-2019的销售开始攀升,尤其是2019前半年的hoc,再加上2019下半年的送中事件,不信可以问问做banker mortgage的朋友,尤其是hsbc bank的。
所谓的专家只会幻想,和仙
仙错了他没罪,仙对了就跳出領功

记住,市场的真正的买家的确还是很活跃。一批又一批的年轻新血对于房地产的需求是必然的
去各大showroom坐着喝咖啡,看看是否有人买
不要到道听途说

当你已经知道市场的反应,知道了销售成绩最近提升了很多
为什么还会犹豫与恐惧?
首先你必须要搞清楚你自己在做什么,买什么股
‐-----------------------------------------

透过我一个agent朋友,我有了一些数据
自香港送中事件发生,引起了许多外国人狂买吉隆坡公寓
ecoworld的债务已经不是新闻
但是对于最新进度大家大概还不是很清楚
HOC ownership campaign 的effect,你还在睡着觉
再加上香港人的投资,这就是成绩
agent朋友发给我的7月销售图
里面7月大概有80多间unit available

10月就只剩下不到19间
短短的3个月卖了60多间,我不知道profit几时会出现,但是他们说他们的6bil sales,反正我相信了,你不信,继续你的tp0.45/0.50吧
kikikiki
打开下面的link,才扮大师
网上一些人无知,要扮大师,误人子弟,我只好用证据来证明bbcc 的销售

7月
https://ibb.co/jyFj8wN

10月
https://ibb.co/CbVmwD9

ks55

4,219 posts

Posted by ks55 > 2019-11-09 10:01 | Report Abuse

coworld at best is 45 sen. Why?

1. Father buy from son at 45 sen, need not pay for more than actual intrinsic value.

2. Mountain size debt killing all.

3. Property under Eco Brand not selling for it has priced out of market range (overprice lah)

4. Land cost extremely high. Landbank acquired at prevailing price prior to property slow down.

5. Cost for unsold units keep on adding, interest expenses, depreciation, maintenance cost for landed/ strata condo.

6. Very soon fire sale to clear stock. 5% discount, 10% discount, 15% discount, 20% discount, 25% discount, 30% discount, and finally at 45% discount fire sales.

7. Ecoworld International is another sick child. Medical fees will be unbearable.

8. Many other very well managed property counters with strong cash flow, low land cost, strong brand, trustworthy directors, good dividend pay out, low PE, low P/B. All are having much better prospect than Ecoworld. Why go for lemon when you can find orange for the same price?

ks55

4,219 posts

Posted by ks55 > 2019-11-09 10:06 | Report Abuse

One acre 4 million. Work out to be 88 ringgit psf.
Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf
If conversion ratio 0.5, cost of land is 176 ringgit psf.
That is before capitalise on interest charges, infra cost.

If I can find some company with land cost 5 ringgit psf, why should I go for Ecoworld with land cost 146 ringgit psf?
Selling a 2k land itself can make rm 340k, so need not bother to make from construction itself.
Cost of construction with quality finishes is about 250 ringgit psf.
With build-up area 2000 sf, cost is only 500k.
Selling and marketing at 5%, other incidences at 10%.
If I can sell at 1 million, I still make 350k per unit.

Can Ecoworld sell at 1 million, and still make profit?
By the time it break even, I already pocketed 350k profit.

So, Ecoworld is definitely not worth 65 sen.
45 sen is fair value.
20 sen is very good bargain.

Up to you to calculate what is the best entry price.
Not a bad idea to take Q from the price paid by LKS, i.e. 45 sen................

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 10:11 | Report Abuse

ks55
别死鸡撑饭盖
一个没有逻辑思维的人,说的话都是废话
还要装大师
没把事情搞清楚就放大,没有思考能力,分辨事情真假,
一直吹
4m per acre (false and joke)
what keep give your No-Brainer TP to others?


Gtrade aiyo, i check ECOWORLD annual report, property land under the company all are bought at 4-5m per acres. How the developer can make money? Who negotiate to buy at 4-5m? The land owner must be very very happy and thamk ecoworld for paying so high price. But ecoworld not a single sen pay dividend to shareholders
31/10/2019 11:07 PM

Gtrade i check ECOWORLD Annual Report for 2015. The similar land was valued at lower cost, about 30% lower. To be fair Ecoworld did not buy land at sky high price. Just that the compony revalue their land at sky high price, so NTA looks nice at 1.50. If there were to follow other property company land value, NTA should be about 70sen
01/11/2019 11:33 AM

ks55 One acre 4 million. Work out to be 88 ringgit psf.
Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf
If conversion ratio 0.5, cost of land is 176 ringgit psf.
That is before capitalise on interest charges, infra cost.

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 10:21 | Report Abuse

Eco Sanctuary land price: RM 35 psf
Eco Majestic land price: RM 15 psf
Eco Grandeur land price: RM 12.37 psf
Eco Horizon land price: RM 52.17 psf

vs

4m one acre

still wan act like a sifu... calculation is wrong...
don ask why 45 again..because stupid will never understand others
continue ur 4m psf and tp 0.45
gkent buycall

let me conclude,ks55 is a joker...kikiki




Gtrade aiyo, i check ECOWORLD annual report, property land under the company all are bought at 4-5m per acres. How the developer can make money? Who negotiate to buy at 4-5m? The land owner must be very very happy and thamk ecoworld for paying so high price. But ecoworld not a single sen pay dividend to shareholders
31/10/2019 11:07 PM

Gtrade i check ECOWORLD Annual Report for 2015. The similar land was valued at lower cost, about 30% lower. To be fair Ecoworld did not buy land at sky high price. Just that the compony revalue their land at sky high price, so NTA looks nice at 1.50. If there were to follow other property company land value, NTA should be about 70sen
01/11/2019 11:33 AM

ks55 One acre 4 million. Work out to be 88 ringgit psf.
Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf
If conversion ratio 0.5, cost of land is 176 ringgit psf.
That is before capitalise on interest charges, infra cost.
09/11/2019 10:11 AM

ks55 One acre 4 million. Work out to be 88 ringgit psf.
Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf
If conversion ratio 0.5, cost of land is 176 ringgit psf.
That is before capitalise on interest charges, infra cost.

If I can find some company with land cost 5 ringgit psf, why should I go for Ecoworld with land cost 146 ringgit psf?
Selling a 2k land itself can make rm 340k, so need not bother to make from construction itself.
Cost of construction with quality finishes is about 250 ringgit psf.
With build-up area 2000 sf, cost is only 500k.
Selling and marketing at 5%, other incidences at 10%.
If I can sell at 1 million, I still make 350k per unit.

Can Ecoworld sell at 1 million, and still make profit?
By the time it break even, I already pocketed 350k profit.

So, Ecoworld is definitely not worth 65 sen.
45 sen is fair value.
20 sen is very good bargain.

Up to you to calculate what is the best entry price.
Not a bad idea to take Q from the price paid by LKS, i.e. 45 sen................
09/11/2019 10:06 AM

ks55

4,219 posts

Posted by ks55 > 2019-11-09 10:37 | Report Abuse

Die die also want to defend Ecoworld.
No different from one "Yucaihacai" and another one "Parkson" trying con Ah Pek Ah Soh into buying Parkson.

ks55

4,219 posts

Posted by ks55 > 2019-11-09 10:40 | Report Abuse

If already got stuck in Ecoworld, buy more to average down your holding cost.

Given you all the opportunity for cost averaging, buy more till your last pence.

Must still have the capacity to go for last mile at 20 sen........

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 10:50 | Report Abuse

look at your previous comment can show you are just a joker,talk without facts...
I will not defend Ecoworld If I dont have facts/result on hand...but that is really obvious...you are just a Funny guy...
有时我很欣你这些脸皮厚的人,明明知道自己说错了,还要装
谢谢你好像笑话一样逗我笑,让我有个快乐周末

我还是那句,我写的东西
欢迎你和我讨论
但是如果你逃避事实,我只能看你装b

ks55

4,219 posts

Posted by ks55 > 2019-11-09 10:54 | Report Abuse

Blog: How to overcome losses and move on.

Oct 13, 2018 4:14 PM | Report Abuse

Blog: Govt proposes panel to monitor cost components of houses

Oct 11, 2018 10:34 PM | Report Abuse

Can someone enlighten us how does a housing developer determine selling price of :
1. Condo
2. Terrace house
3. Low cost flat/ PR1MA

I am no expert in housing, but try to figure out composition of each component:

1. Terrace house (for every 100k)
1.1 Cost of house sold (60k)
1.2 Contribution to School reserve, Field and playgroud, Police Station, Bomba, Road reserve etc (6k) -- Assuming conversion rate 65%
1.3 Contribution to Bumi Quota with 7% discount, Low cost housing and PR1MA (6k)
1.4 Road, drainage, street light and other infra (3k)
1.5 Sales and marketing (3k)

Gross Profit is 100k - 60k -6k -6k -3k -3k = 22k
So, if you sell a million dollar house, gross profit is 220k (mostly contributed by profit from land cost).

Of course, you will have to give more discount under present weak market sentiment.
Some developers give up to 15% or more (Understood MK Land gives up to 20% discount).
Then you will just have 7% gross profit.
What about interest expenses during construction period?
What about interest expenses after houses already completed but not yet sold?
What about HQ expenses?

Surely looking at the numbers, most developers will be losing money, unless the land cost is low.

How to make sure houses selling cheap, and developers still make decent profit?
Only way is to removed items stated in para 1.3, that will save up to 6%.


For Condo and high-rise apartment, land cost component normally take up around 15%.
Only problem is the developers tend to overpay for the land.
So they will have to build 30 or 40 storey high-rise.
That will take them 4 years to build before they can deliver VP to buyers.
In between, if sales not good, they will receive less progress payment, and paying 4 years bank interest is enough to kill fly-by-night developers like Jaks Resources.
Many such developers will prefer to abandon the project like Plaza Rakyat, for they could not afford to pay LAD.

As how to reduce selling price for the high-rise, better leave it to the authority to work it out.
If the authority concerned is so dumb, learn the trick from S'pore HDB......

ks55

4,219 posts

Posted by ks55 > 2019-11-09 11:07 | Report Abuse

Ecoworld land cost is extremely high.
Find out yourself how much they pay for BBCC land.
Find out how much they pay for any other land for township developments.
Then compare with land cost held by peers in the neighbourhood.
You will find out Ecoworld will not be in same starting point but already a handicap to others.

yeochingu

1,907 posts

Posted by yeochingu > 2019-11-09 11:10 | Report Abuse

look at Ecoworld past project, they hand over their units on time. Recently, Eco Ardence AERES just vp within their estimate period
Eco Grandeur as well...

ecoworld home buyers buy ecoworld home because they never reduce their house price *you can check at lowyat forum
they increased their house price to cover their interest loss..
I only see Ecoworld is a good company and smart to ptotect their profit, minimize their loss with Help2own and rent to own ,without selling house will high rebate..

look at the current unbill sales at BBCC residence
7月
https://ibb.co/jyFj8wN

10月
https://ibb.co/CbVmwD9

Stop yout SKL..because
you otak cant analyse or cant function well..
kikikiki...
4m one acre

tasas

148 posts

Posted by tasas > 2019-11-09 12:57 | Report Abuse

I really salute ah Yeo for land prices compilation. You take your time to share and educate others.

ks55

4,219 posts

Posted by ks55 > 2019-11-09 15:13 | Report Abuse

Put in points form why you say Ecoworld is good buy at 65 sen.
Need not use words like Siang Kah Lan, unless you look like a Dick Head.

ks55

4,219 posts

Posted by ks55 > 2019-11-09 15:14 | Report Abuse

If you resort to vulgar words in this forum, I suggest you just leave for good........

apalumau

2,192 posts

Posted by apalumau > 2019-11-09 15:42 | Report Abuse

I agree. Should talk nicely at the forum even if different views.

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