Posted by hng33 > 2 weeks ago | Report Abuse

sold at 42sen

Posted by yongyong88 > 2 weeks ago | Report Abuse

waiting for 44sen

Posted by sunnyspoon > 2 weeks ago | Report Abuse

Buy more

Posted by fortunefire > 2 weeks ago | Report Abuse

fired my first batch of bullet at 0.38

Posted by hng33 > 2 weeks ago | Report Abuse

bought back at 40.5- 41sen

Posted by warchest > 2 weeks 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.

Posted by sunnyspoon > 1 week ago | Report Abuse

Good dividend buy more

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.

Posted by sunnyspoon > 1 week ago | Report Abuse

6 sen dividend👏👏👏

Posted by ykloh > 1 week ago | Report Abuse

6 sens dividend? Check again please.

Posted by hng33 > 1 week ago | Report Abuse

sold at 41.5sen

Posted by Lyon91 > 1 week ago | Report Abuse

Are this dividend id from capital reduction again?

Posted by investor77 > 1 week 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 !!

Posted by sunnyspoon > 1 week ago | Report Abuse

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

Posted by sunnyspoon > 4 days ago | Report Abuse

0.50

Posted by 8u29song > 4 days ago | Report Abuse

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

Posted by DickyMe > 17 minutes ago | Report Abuse

"hng33

sold at 41.5sen

1 week ago"
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