Gross profit margin only 8%. You still think Ecoworld can make enough to cover interest? You still think construction is on for nest 2 months? You still think workers, executives, HQ and Executive Directors no need to pay? You still think people still go to showroom? More important is, do you think people still have money to buy?
1. Father buy from son at 45 sen, need not pay for more than 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?
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....
apalumau
2,192 posts
Posted by apalumau > 2020-04-01 04:13 | Report Abuse
@4453. 现在就别管它什么病毒末日,全球大衰退,股价崩盘的鬼戏了,总之你继续喝酒吃肉,raja天天皇帽,我就慢慢吃白面包........管它天塌下来,关我屁事!!!