Posted by warchest > 2022-09-27 17:09 | Report Abuse

Its share price now at 27.5 cents, pathetic with more than 2/3 drop in value compared to its IPO.

Posted by MrPatience > 2022-09-28 19:01 | Report Abuse

During the past 5 quarters, current owing by JV is decreasing while non current owings is increasing.
anyone know if the growing non current owings is due to repayment period of current owings extended or new launch of new projects?

The fact the management taking a precautious measure during uncertainty period is a good move. They repay big chunk of foreign debt and 90% debt left is MYR denominated MTN at fix rates, should be more manageble. (though the falling of GBP will affect their bottomline)

Posted by warchest > 2022-09-29 12:05 | Report Abuse

No choice, if cannot expand the business than need to be prudence especially on the spending and staff costs. That's why they need to spend less, focused to repay borrowings and repay the shareholders. Is better for them to do less than more. You can see that RM2.4b invested now probably can get RM2b back. It is I'm negative returns more than 5 years since IPO

Posted by warchest > 2022-09-29 12:08 | Report Abuse

Somehow the UK and Australia markets no longer lucrative for the Group. The projects are nice but somehow they haven't learned to make profits from these projects and the issues spiralling down. Do less, be lean is the way to go till they have found the right business model to make money for its shareholders

Posted by warchest > 2022-09-29 12:12 | Report Abuse

Is a good value at current price. But is a very depressive investment for IPO investors that pouring billions but getting negative returns. All end in vain due to inability of the management team to understand on its business model, core competencies and landscapes. More developed the country is, more regulations, compliance and cost of doing business. That's why EWINT is in distress mode

Posted by GoldenShares > 2022-09-29 14:37 | Report Abuse

below 0.20 is matter of time........

Posted by Ben5555 > 2022-09-29 16:10 | Report Abuse

My views as follows : if wrong, please correct me......
1. Ewi is investment holding company. During IPO 2017, ewi invested most of capital into 2 markets Australia n UK on property development. In Australia is 100% own n UK via JV with EW ballymore n EW London.

2. In 2020~2021, Australia project completed n capital regrouping to EWI n paid 6sen of dividend with cash remaining at ewi.

3. In 2021, ewi restructure the UK JV for ew Ballymore n ew London became 75% own on ew ballymore n 100% own of ew London.

4. Back on 2017, ewi invested around RM 2B to UK on JV company at exchange rate of around RM 5.7~5.8 = GBP 1 for project. Total invested amount around GBP 350~430M together with bank loan of GBP

5. 2022~2023, ew ballymore has 3 mega projects to be completed or completed worth amount of GBP 1.8B. this amount of sales is belonging to ew Ballymoney JV company . 75% own by ewi.

6. 2022 up to Q3, liabilities or bank loan down to 0.07x. meaning most of bank borrowing will be cleared to zero liability by end 2022 or early 2023.

7. 2022 Q3 reported, ew ballymore UK projected sold almost 80% of units worth GBP 1.6B.

8. Ew London has on going projects n could be slow down the development due to uncertainty which highlighted on last to Q2, Q3 report of 2022.

Comments :
Ew ballymore is JV company, whatever ewi invested amount is the creditor account from ew ballymore. This jv company has right to do own accounting following with UK system although ewi has 75% own. This JV account may not combine figure into ewi listed account figure as this is jv biz. If assuming this jv biz is profit or loss, it may not immediately affected in ewi account. The initial capital invested by ewi has depreciated due to exchange loss and may affected in ewi BS statement. But in ew ballymore BS statement should be same amount due to no change in UK currency as this jv company is following in UK GBP. Hence in coming period of cash flow in at ew Ballymoney in GBP should be around GBP 1.6~1.8B as this is project worth of sales n may start to handover to buyers if project can be achieved over 80% of sales .

Once the cash flow back to ew ballymore account, ewi has options to reserve some for ew London for project development in UK ( it may not have any exchange loss issue ) and some flow back to ewi for repatriation of dividend. Remember ewi own 75% of ew Ballymore.

All of this exercise, ewi may has recover handsome cpaital initial back in account in UK or Malaysia plus profit which unknown so far.

Ewi management should keep more portions of capital in GBP in UK instead of flow back to suffer loss of exchange to Malaysia.

Looking at 2021, most earlier investors are paying 6 sen of dividends by Ewi, trusted this around of time should be more of it but ewi will suffer exchange loss also if want to keep same of 6 sen dividends which amount approx RM 144M = GBP 29M with exchange assuming on 4.9 to GBP 1.

Anyway based on this calculate amount, ewi as today price of RM 0.27, it is real attractive point to accumulated either you are old or new investors.

Posted by Michael Kwok > 2022-09-29 16:18 | Report Abuse

Price 26-27 cents
Tp below 20 cebts
4.17pm 29/9/2022

Posted by Ben5555 > 2022-09-29 16:25 | Report Abuse

Beside above-mentioned figure collected from entire report of 2022 from ewi, ew London still has large portion of project to be developed worth over GBP 1.5B. based on capital regrouping n sufficient fund to financing the remaining projects with careful plan I think ewi management team in UK is doing pretty good job.. they are worth to get the rewards n perk.

Please do remember the CEO of ewi has over 15,000,000 unit of share and salaried n perk is only RM 2M plus only...

Posted by Ben5555 > 2022-09-29 16:29 | Report Abuse

Short term investors better don't looking at this counters you will suffer much.. long term investors will painful on patient...I am the investors in between.. suffer n painful......

Posted by MrPatience > 2022-09-29 21:16 | Report Abuse

Pain and suffer are usual for monitoring share price movement ...
There are indeed no counter to be look at if suffer from price movement.
Too cheap also pain, share price run up will feel regret.

Posted by MrPatience > 2022-09-29 21:19 | Report Abuse

EWI has the commitment to fund those 3 JV, and their liability is quite high though can be covered by asset. But I cant find detail reporting ...

Is the property segment EWI involved in UK is facing a crunch? as I read the avg selling price has reduce to 600K, which is still above EWI JV avg selling price.

And how about the Btr project thats going to hand over to invesco?

Posted by Steve64 > 2022-09-30 09:26 | Report Abuse

wonder how much of sharp stck price fall is due to margin calls. ??..plus loss of confidence

Posted by Gen2 > 2022-09-30 16:38 | Report Abuse

@Ben5555 look like you still uncertain. Sales is sales and profit or loss is not equal to sales.

Posted by Ben5555 > 2022-09-30 20:52 | Report Abuse

UK n Aussie property accounting not similar to Malaysia. Malaysia is progressive payment as sales. UK, aus is fully completed n handover period time collections as sale. Those sales capital regrouping is included profit or loss payment. One lum sum inwards. As long as higer sales achievement, more n more capital regroup.. this is my understanding.. if wrong, please correct it.

Posted by dragon328 > 2022-10-02 20:43 |

Post removed.Why?

Posted by Johnt299 > 2022-10-12 16:30 | Report Abuse

still got hope ma? howmanagement explain to their major sharholder?

Posted by supersaiyan3 > 2022-10-22 01:43 | Report Abuse

still got hope mah?

eh......i think most of the good projects have been handed over, but bottom line still look very ugly.

now says 2b future benefit, but that's not profit! just income loh.

the btr looks like progressive income, but cost so high may be lost loh. Now say expected lower income for btr so adjustment caused the losses.

I can't understand loh. If Q3 eg new block etc handover should make 50m, how come become -50m after adjustment? so -100m adjustment. That means btr actually is loss-making?

obviously they hide the adjustment figure (if anyone knows, please correct me).

But now its the worst already. Can't get lower unless Putin drop a nuke.....should starts making profit from now on, maybe back to 35-40c like that.....

Posted by drkelvin20 > 2022-10-26 12:17 | Report Abuse

If i am majorshare holder, i will sack this CEO, COO, and current line up in management team, an shame to the EWINT.

He owe all investors since day one.

Sack this guy, anyone have info on upcoming General meeting, please update us. Some of us can be present there and openly demand him to step down.

Posted by Johnt299 > 2022-10-28 17:13 | Report Abuse

my question is normally UK always less suply in house residential property and that's reason support their housing price many years.

But how come for EWINT still facing so much challenging in their business, definitely inflation, interest rate hiked, energy crisis are the main reason but the thing is management looked not well prepare to overcome all these challenging.

i'm so upset

Posted by warchest > 2022-11-05 21:37 | Report Abuse

Management is incompetent? That's is a fact. Management not able to earn profits from outright sales and BtR projects? Figures tell you everything. Management change is imminent? No choice but to change if they want to turnaround

Posted by warchest > 2022-11-05 21:38 | Report Abuse

Only silver lining is the cash distribution. They can distribute up to 80 cents if they do not need to plough it back to their existing projects

Posted by Steve64 > 2022-11-07 09:15 | Report Abuse

maybe better delist the company n return shareholders money if they cannot get their act together..!!

Posted by Steve64 > 2022-11-07 16:59 | Report Abuse

suddenly very active counter..gd results? cash handput??

Posted by warchest > 2022-11-09 20:34 | Report Abuse

1 day show. Useless

Posted by warchest > 2022-11-09 20:35 | Report Abuse

Better delist and repay the money back to the shareholders

Posted by drkelvin20 > 2022-11-10 09:05 | Report Abuse

request to them to do like Litrak, distribute cash back to shareholder, and delist.

Posted by drkelvin20 > 2022-11-10 09:07 | Report Abuse

CEO, COO, CFO, and all top management, please set down pass to competent leaders, or repay all the cash back to shareholders, no more sit on fat pay and no contribution to this company value.

Posted by drkelvin20 > 2022-11-10 09:08 | Report Abuse

KuOK Families, please come in and request the CEO/COO/CFO to step down, what a shame, share price keep droping from 1.2 to 20-30 sen after 6-7years...

where are you KuoK Families...DO sth.

Sack the imcompetent, no performance CEO/COO/CFO

Posted by warchest > 2022-11-10 21:41 | Report Abuse

Management changes are imminent to restore it's credibility

Posted by flyhub888 > 2022-11-17 08:04 | Report Abuse

coming up now. sit tight and wait jackpot

Posted by Steve64 > 2022-11-22 14:29 | Report Abuse

something brewing..?..
election uncertainity stock moving up...

Posted by Cheah5555 > 2022-11-23 22:12 | Report Abuse

The price of Ecoworld International recovered from the low recently, look like the worst should be over ! Looking forward to some good news from the company ie restructuring, good results, dividend etc.

Posted by Huat 888 > 2022-11-25 16:10 | Report Abuse

inikalilah back to rm1

Posted by warchest > 2022-12-08 10:58 | Report Abuse

Seriously, they need to change the management for the betterment of the Group

Posted by warchest > 2022-12-08 19:12 | Report Abuse

And priority is to pay dividends to the shareholders. If they cannot expand the business, it's better to return back the capital to the shareholders

Posted by supersaiyan3 > 2022-12-15 14:06 | Report Abuse

still no result? maybe after hour....

Posted by supersaiyan3 > 2022-12-15 23:47 | Report Abuse

looks so ugly. omg. how is that even possible!! -95m!!!

Posted by warchest > 2022-12-16 19:55 | Report Abuse

There should be a change to its management in the UK's operations to improve its lackluster performance? There is no point of getting any awards and accreditations when the Group can't be profitable

Posted by BuyHoldForget > 2022-12-17 17:08 | Report Abuse

Excess cash target is rm900m, with market cap 800m, means dividend shall be >rm1 per share ? Did i miss anything ?!

Posted by warchest > 2022-12-17 18:08 | Report Abuse

Nope, 2.4 b of issued shares. RM900 m of excess cash at later part of 2023 or 37.5 cents with all the projects completed. For IPO shareholders that invested RM2.4b in 2017 vs RM900m excess cash in 2023, that's negative return of their investments

Posted by warchest > 2022-12-17 18:09 | Report Abuse

A good investment for investors that invested below 40 cents. Anything above is a bad investment

Posted by warchest > 2022-12-17 18:10 | Report Abuse

But the dividend and the replacement of the management team are the silver linings

Posted by warchest > 2022-12-17 18:12 | Report Abuse

That's why RM900 m excess cash after 6 years of RM2.4 b investment is bad. If they are good, they already turn the RM2.4 b investment to RM3 or even RM4 b excess cash

Posted by warchest > 2022-12-17 18:14 | Report Abuse

It only means that all the projects, including BTR are loss-making.

Posted by pathfinder > 2022-12-18 08:23 | Report Abuse

Warchest, do you or anyone have an idea of an estimated loss for 2023?

Posted by AhHuat168 > 2022-12-18 13:32 | Report Abuse

better cut loss now, going to 20cents soon

Posted by wallstreetrookieNEW > 2022-12-19 10:22 | Report Abuse

Unusual buying volume: Ewint

Posted by wallstreetrookieNEW > 2022-12-19 10:22 | Report Abuse

Block trade

Posted by Steve64 > 2022-12-19 11:18 | Report Abuse

if cash return is 37cts buying below 40cts is a no brainer right..??