ECO WORLD INTERNATIONAL BERHAD

KLSE (MYR): EWINT (5283)

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Last Price

0.42

Today's Change

-0.01 (2.33%)

Day's Change

0.415 - 0.43

Trading Volume

4,504,400


7 people like this.

6,167 comment(s). Last comment by 8u29song 15 hours ago

Lyon91

99 posts

Posted by Lyon91 > 2 months ago | Report Abuse

The Liew big boss running? Are Quek boss will add more in?

Neoh10855

95 posts

Posted by Neoh10855 > 2 months ago | Report Abuse

Confirm retrace back to lowest price if nobody have interesting to this counter.. Blessing Good luck

Posted by StartOfTheBull > 2 months ago | Report Abuse

Boss Liew sold big chunk from 37.5c to 36c on 1st, 2nd and 3rd of April. How would price not retracing?

Neoh10855

95 posts

Posted by Neoh10855 > 2 months ago | Report Abuse

Till now only 2 transaction done 🥲

Neoh10855

95 posts

Posted by Neoh10855 > 2 months ago | Report Abuse

Zzzz...

liferosak

11 posts

Posted by liferosak > 1 month ago | Report Abuse

any news?

Posted by newbietrader9 > 1 month ago | Report Abuse

ready to rebound

Posted by moneycome123456 > 1 month ago | Report Abuse

百乐园 Paramount Corporation
(取自百乐园官网)

(吉隆坡10日讯)百乐园(PARAMON,1724,主板产业股)宣布,以超过1.7亿令吉的价格,一口气收购绿盛世国际(EWINT,5283,主板产业股)21.54%股权,借此加快海外扩张计划。

百乐园周五发文告指出,子公司Flexsis私人有限公司,以每股33仙,或合计1.706亿令吉,从GLL EWI(香港)有限公司手中,收购绿盛世国际的5.17亿股。

百乐园总执行长周胜忠在文告里指出,此次收购,为公司提供一个及时且具有战略意义的机会,通过这家专注于海外产业开发的公司,加速拓展百乐园在的海外业务。

文告指出,绿盛世国际通过联营企业和子公司,在伦敦、悉尼和墨尔本开发项目,截至2月杪,剩余的发展总值为86亿令吉。

周胜忠表示,伦敦及其周边地区的住房需求,仍是目前和长期的机会来源。

“自2021年疫情爆发后,由于住房供应紧张,租金一直很高且持续上涨。近几个月来,抵押贷款批准率一直上升,根据皇家特许测量师学会(RCIS)的调查预计,未来12个月,英国各地的房价将上涨。”

他说,百乐园自2018年剥离教育业务以来,根据2020至2025年的战略计划,一直在寻找机会参与新的业务,以多元化盈利基础。

他披露,公司期间投资了数字领域的各种初创企业,并通过联营企业扩展到曼谷的产业开发领域。

百乐园在2020年,与一家泰国精品开发商,通过债务和股权形式,合作开发位于曼谷的29楼永久产权公寓Na Reva Charoennakhon,在近期已完工。

展望未来,周胜忠期盼双方可以通过利用彼此的经验和专业知识,合作创造新的协同效应。

另外,绿盛世国际主席谢德光欢迎百乐园的加入,并感谢国浩集团自公司上市以来的投资和贡献。

回顾历史,国浩集团在2016年宣布入股绿盛世国际,并在绿盛世国际挂牌后,认购27%股权,迄今,这批股权是由GLL EWI(香港)持有。

根据绿盛世国际2023年报,Eco World 资本(国际)与GLL EWI(香港),分别均持有27%股权。

在上述交易后,百乐园将以持股21.54%,成为绿盛世国际的第二大股东,而GLL EWI(香港)的持股率则会降至5.46%。

绿盛世国际周五闭市,收在36仙,涨0.5仙或1.4%,成交量为84万1000令吉。


Posted by Patient Investor > 1 month ago | Report Abuse

Looking fwd EWINT to trade at fair value above 80 sens.

warchest

1,756 posts

Posted by warchest > 1 month ago | Report Abuse

overall, it is a good news for EWINT, we see all the 3 property tycoons in this Group, namely Tan Sri Liew, Quek Leng Chan and now Teoh family of See Hoy Chan. we going to see the turnaround of EWINT to record high soon

warchest

1,756 posts

Posted by warchest > 1 month ago | Report Abuse

back to its value including dividend distributions no longer a dream anymore. bear in mind, after the RM500m distribution the Group still have RM1.2b of land under development in the UK. it is gonna be the next plan of the Group

RISK8888

2,231 posts

Posted by RISK8888 > 1 month ago | Report Abuse

Dream la. If really so good why sell big portion of share at 0.33? Should sell at 0.8 right?

fortunefire

1,405 posts

Posted by fortunefire > 1 month ago | Report Abuse

Quek sold his stake at a very super good discounting rate vs its ipo price.
Liew has been disposing his shares lately.
So, what do they tell you?

Posted by Patient Investor > 1 month ago | Report Abuse

may be dreaming, but that's my valuation :)

Different people has different capital allocation strategy, especially tycoons who have more investment apportunity than us.

You could also ask why PARAMOUNT willing to pay 0.33 if they dont value it signicantly higher. and PARAMOUNT is known to be conservative.

geary

6,259 posts

Posted by geary > 1 month ago | Report Abuse

Patient Investor.
You could also ask why PARAMOUNT willing to pay 0.33 if they dont value it signicantly higher. and PARAMOUNT is known to be conservative.
Oh...suddenly up...probably Mr. Market just wake up... property will rebound...interest will go down...USD will go down...by the Mr. Market is unpredictable 🤓

Posted by Patient Investor > 1 month ago | Report Abuse

I don't have the ability to predict the market 🤓

geary

6,259 posts

Posted by geary > 1 month ago | Report Abuse

Intrinsic Value:
Overall, it is a good news for EWINT, we see all the...
3 property tycoons in this Group, namely
1. Tan Sri Liew,
2. Quek Leng Chan and now
3. Teoh family of See Hoy Chan.
We going to see the turnaround of EWINT to record high soon!
Nobody can calculate the actual Intrinsic Value on any businesses.
With 3 big property developers, probably its management intrinsic value is upgraded.
Cash Flow quite volatile, because of cyclical business.
Plus interest rates, exchange rates are volatile.
Intrinsic Value is approximately correct only...within a range of prices or market value.
Mr. Market is unpredictable...nobody can predict the stock markets.🤓

Posted by Patient Investor > 1 month ago | Report Abuse

Tan Sri Liew trim his stake by ~20million in past one year
Ecoworld Capital buy 48million in one week

Looking fwd for development value to be unlock.

theong

255 posts

Posted by theong > 1 month ago | Report Abuse

Million $ question taking private.

Posted by Patient Investor > 1 month ago | Report Abuse

Looks like it. Increasing such high stake in such short time.

sunnyspoon

415 posts

Posted by sunnyspoon > 1 month ago | Report Abuse

Buy buy more

sunnyspoon

415 posts

Posted by sunnyspoon > 1 month ago | Report Abuse

6 sen dividend Dec 2023

fortunefire

1,405 posts

Posted by fortunefire > 1 month ago | Report Abuse

0.5x coming?

Posted by newkidonthebloc > 3 weeks ago | Report Abuse

Why sudden drop

Posted by Killsthebear > 3 weeks ago | Report Abuse

Paramount effect gua.. sienz

fortunefire

1,405 posts

Posted by fortunefire > 3 weeks ago | Report Abuse

hong leong big boss has businesses everywhere in overseas, and he has all the bird eyes everywhere telling him that the global property market ain't good.

hng33

19,941 posts

Posted by hng33 > 3 weeks ago | Report Abuse

Use balance, bought EWI at 40sen

hng33

19,941 posts

Posted by hng33 > 3 weeks ago | Report Abuse

Total dividend payable in 2024 and 2025 is 21sen per share, to be declared staggering with first 6 sen likely declare together with coming Q result next week

sell

2,446 posts

Posted by sell > 2 weeks ago | Report Abuse

DPS>EPS is not sustainable. Later will drop like Zhulian.

sell

2,446 posts

Posted by sell > 2 weeks ago | Report Abuse

Quek Leng Chan is smart to sell Ewint to Paramount.

hng33

19,941 posts

Posted by hng33 > 2 weeks ago | Report Abuse

Real estate developer Paramount Corp Bhd (KL:PARAMON) is aiming for 30% of its annual profit to stem from overseas property projects by 2030, supported by its recent acquisition of a 21.5% stake in Eco World International Bhd (EWI) (KL:EWINT), as domestic orders are expected to saturate.

hng33

19,941 posts

Posted by hng33 > 2 weeks ago | Report Abuse

EWI will contribute 30% profit to paramount by 2030

hng33

19,941 posts

Posted by hng33 > 2 weeks ago | Report Abuse

added more ewi at 39-40sen

hng33

19,941 posts

Posted by hng33 > 2 weeks ago | Report Abuse

sold at 42sen

yongyong88

450 posts

Posted by yongyong88 > 2 weeks ago | Report Abuse

waiting for 44sen

sunnyspoon

415 posts

Posted by sunnyspoon > 2 weeks ago | Report Abuse

Buy more

fortunefire

1,405 posts

Posted by fortunefire > 2 weeks ago | Report Abuse

fired my first batch of bullet at 0.38

hng33

19,941 posts

Posted by hng33 > 2 weeks ago | Report Abuse

bought back at 40.5- 41sen

warchest

1,756 posts

Posted by warchest > 1 week ago | Report Abuse

add more at 40.5.

Posted by moneycome123456 > 1 week ago | Report Abuse

Eco World International Bhd president and chief executive officer Datuk Teow Leong Seng.

PETALING JAYA: Eco World International Bhd (EWI) achieved RM433mil sales exchanges plus reserves of RM85mil, adding up to a total of RM518mil in the seven months period of its financial year ending Oct 31, 2024 (FY24).

In a statement, the property developer said it recorded a loss before tax of RM13.9mil in the second quarter of its current financial year (2Q24) compared to loss before tax of RM2.1mil in 2Q23.

It said this was mainly due to lower gross profit as stocks in its Australian projects are largely fully sold; impairment loss on amount owing by EcoWorld London as the joint venture continues to invest resources to procure better planning consents for its remaining projects; as well as lower foreign exchange gains from appreciation of the British Pound against the ringgit.

Including net cash balances at joint ventures, EWI said the group has a total cash balance of RM349mil as at April 30, 2024.

Premised on the healthy cash position, the board declared a first interim dividend of six sen per share for FY24, which translates to RM144mil.

President and CEO Datuk Teow Leong Seng said the group's sales are on track with the value of unsold completed stocks reduced to about RM400mil, of which its effective share is about RM300mil.

He added that the board is maintaining its target of generating excess cash of up to RM500mil - which will be distributed to shareholders in tranches over 2024 and 2025 - by selling its completed stocks.

"We are monitoring market conditions closely and finding ways to improve the profitability of our remaining projects.

"While the current environment is challenging, the UK real estate market nonetheless presents opportunities in the longer term, judging from the strong rental rates in London."

Teow said the group will proceed with launches when cost pressures stabilise and the expected returns of undertaking such launches can be forecast with greater certainty.

sunnyspoon

415 posts

Posted by sunnyspoon > 1 week ago | Report Abuse

Good dividend buy more

drkelvin20

694 posts

Posted by drkelvin20 > 1 week ago | Report Abuse

this stock giving good dividend, especially for those who have averaged down the cost..say if we got around 40-50-60 sen...this stock is still potential....

Its tough if you don;t average down.



sunnyspoon

415 posts

Posted by sunnyspoon > 1 week ago | Report Abuse

6 sen dividend👏👏👏

ykloh

512 posts

Posted by ykloh > 1 week ago | Report Abuse

6 sens dividend? Check again please.

hng33

19,941 posts

Posted by hng33 > 1 week ago | Report Abuse

sold at 41.5sen

Lyon91

99 posts

Posted by Lyon91 > 6 days ago | Report Abuse

Are this dividend id from capital reduction again?

investor77

777 posts

Posted by investor77 > 6 days ago | Report Abuse

For RM 420, gets 60 rgt in dividend. 60/420 or 100/7 is 15% Div Yield !! Higher than FD and EPF !! Dont have to wait 1 year somemore !! More to come !!

sunnyspoon

415 posts

Posted by sunnyspoon > 6 days ago | Report Abuse

Just first interim dividend 6sen, 2nd interim ???, 3rd interim ??? , final dividend. ???, buy buy

sunnyspoon

415 posts

Posted by sunnyspoon > 1 day ago | Report Abuse

0.50

8u29song

2,696 posts

Posted by 8u29song > 15 hours ago | Report Abuse

huh...like that sure big untunglah....IF after ex price remain as b4 ex...

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