ECO WORLD INTERNATIONAL BERHAD

KLSE (MYR): EWINT (5283)

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Last Price

0.295

Today's Change

-0.005 (1.67%)

Day's Change

0.295 - 0.30

Trading Volume

933,000


7 people like this.

6,190 comment(s). Last comment by compoundingeffect 1 week ago

warchest

1,815 posts

Posted by warchest > 2021-03-12 08:36 | Report Abuse

This Company has value and recovery theme, catalysts, pent-up demand and success of the vaccination campaign in UK

MoneyHeist

614 posts

Posted by MoneyHeist > 2021-03-12 08:50 | Report Abuse

Yea! Lets go guys!!! Planning to buy this at 0.53

ringlife

116 posts

Posted by ringlife > 2021-03-12 10:22 | Report Abuse

price going to shoot up soon... price right now really cheap. faster buy before too late...

RISK8888

2,232 posts

Posted by RISK8888 > 2021-03-12 10:25 | Report Abuse

dont worry, still got time to collect..see falling back to 515 now...it will touch 500 again...just queue and wait la....this ecoworld style is like this one...

sunnyleong

307 posts

Posted by sunnyleong > 2021-03-12 10:43 | Report Abuse

TP 0.62

Posted by SoaringEagle63 > 2021-03-12 16:46 | Report Abuse

Top up abit more 1st hehehehehehe

warchest

1,815 posts

Posted by warchest > 2021-03-12 16:49 | Report Abuse

Hahaha

warchest

1,815 posts

Posted by warchest > 2021-03-12 16:49 | Report Abuse

Up back

Posted by Fortunemaster > 2021-03-12 22:59 | Report Abuse

Really hope this company will continue doing well & reward all of us accordingly as many of us have poured our blood, sweat, and tears into this company. Many of us have use their hard earned money to invest into it. Lets wait and see.

warchest

1,815 posts

Posted by warchest > 2021-03-13 07:52 | Report Abuse

They are doing well and will continue to do so. They are entering into 2nd phase of growth. You can seek clarification from the Company for the upcoming AGM on 31/3.

drkelvin20

694 posts

Posted by drkelvin20 > 2021-03-15 09:59 | Report Abuse

@Fortunemaster@warchest

Hopefully the stock really moving up this round of revival...Covid has stopped certain uptrend...but with Australia and UK handling COVID well for now....Hopefully this counter can gradually move up.


I invested since IPO back in 2017...still keep and averaging down...Hopefully TS LKS justify this business venture, show some good profit and prospect, take it up, higher than IPO, to reward royal supporters and investors with reasonable returns...

hcthey

318 posts

Posted by hcthey > 2021-03-15 11:45 | Report Abuse

This counter is picking up slowly and it has kept on dropping since the 1st listing at Bursa until today. It has started making good profit of RM190 million since financial year ending in December 2019. Any of my friends can tell me what is the IPO of this counter listed in 2017.

drkelvin20

694 posts

Posted by drkelvin20 > 2021-03-15 17:09 | Report Abuse

@hcthey

the ipo was rm 1.2...if i remember right...

hcthey

318 posts

Posted by hcthey > 2021-03-15 18:29 | Report Abuse

Thank you for your information Mr. drkelvin20. I am confident in this counter and started collecting some share at 55 cts today. BUYASSOCIATION UK. on the 11 of March 2021 said that UK housing market price forecast to see strong growth in coming years. The company has made RM82 million of profit for the financial year 2020. Since the date it was listed in Bursa in 2017, it has gone up to the highest price of RM1.36, the closing price for today is 55.5 cts, I opine that there is a big room for the counter to go up and up. IPO price is at RM1.20 and we buy at discounted price of 55 cts should consider to be cheap. hoping it will go up slowly and back to the IPO price, many old investors holding at this price still suffer from losing money.

looiting

428 posts

Posted by looiting > 2021-03-15 20:07 | Report Abuse

The most valuable investment is the warrant. 30 largest shareholders are still holding the warrants. Easily will surpass the exercise price for warrant.

looiting

428 posts

Posted by looiting > 2021-03-15 20:07 | Report Abuse

The most valuable investment is the warrant. 30 largest shareholders are still holding the warrants. Easily will surpass the exercise price for warrant.

pang72

51,628 posts

Posted by pang72 > 2021-03-15 21:40 | Report Abuse

Property price up!!

Okok..

Beli rumah ada byk discount.. Hoc, lawyer fee..

Byk untung beli rumah... Banglow kasih Satu!!

hcthey

318 posts

Posted by hcthey > 2021-03-16 14:43 | Report Abuse

Total issue of WA is 960 million. for conversion of WA into mother share, it still has one year plus to go, the exercise price for the conversion is RM1.45, if let say, one thousand of 7cts of share are acquired from the market today, the total cost for the WA to be converted into mother will be RM1.52. currently, 80% plus of WA are held in the hands of 30 largest shareholders. in the event that the Directors are interested in converting their WA into mother share before 4-4-2022, they have to work and cooperate together by pushing the mother share for more than RM1.52 and above, then they only can make gains from the WA conversion. If we buy the mother share now at 56 cts and the Directors have the intention to push the market price for more than RM1.52, for those who purchased the mother at earlier date at the price of 56 or 57cts, these early birds will definitely make an excellent profit. On the other hand if the Directors are reluctant to help pushing the mother share up to the sky high, all WA holders shall not have chance to convert their WA into mother share and their WA will become scrap paper after the expiry on 4-4-2022.If the share price does not break RM1.52 and you insist to exercise your rights to convert WA into Mother share by topping up another RM1.45, undoubtedly you will be suffering from losses.
There is still an ample time for you to consider as whether mother
share is good or WA is better. Hoping all investors in this counter will make good profit in time to come. Market price is picking up slowly, be patient, it will reach the target price that you dream for it. Thanks.

Huat 888

330 posts

Posted by Huat 888 > 2021-03-16 15:24 | Report Abuse

buy some warrant n mother share to keep for 1yr, sure wont regret at all..huattttttt

drkelvin20

694 posts

Posted by drkelvin20 > 2021-03-16 21:44 | Report Abuse

Hi All, be it warrant or mother share, we will be equally pleased if they gradually rise up to IPO level...Long term holders know how torture for all these years since 2017 to see it drop bit by bit, which got worsening during COVID.

We hope slowly the up momentum can keep on until it break the IPO price in near future...

drkelvin20

694 posts

Posted by drkelvin20 > 2021-03-16 21:45 | Report Abuse

@hcthey, Huat888, @warchest, thanks for the info and updates.

Steve64

52 posts

Posted by Steve64 > 2021-03-17 08:26 | Report Abuse

What will impact of Forex on Earnings of EWI be. The Pound has gradually strengthened from 5.20RM to almost 5.80 RM in last 12 months. Anyone any clue how it will impact their P&L for next QTR or previous Qtr.?
Appreciate some insights.

drkelvin20

694 posts

Posted by drkelvin20 > 2021-03-17 09:39 | Report Abuse

@Steve64, sharing the same thoughts, AUssie dollar to RM has increased form RM2.9 NOv20 to RM 3.2 today...

Anyone having details on the profit conversions due to FOREX earning...I am sure it will be positive...

drkelvin20

694 posts

Posted by drkelvin20 > 2021-03-17 13:23 | Report Abuse

@kinuxian. Tq for info. Lets hope there is surprise in QR report next week or week after.

Posted by Fortunemaster > 2021-03-17 13:52 | Report Abuse

Thank you@kinuxian for your precise calculation, very true it is determined by their repatriation for dividend or pare down their debt or maybe bigger sum allocation for further expansion. Since the market is firing for UK as well as Aus.

warchest

1,815 posts

Posted by warchest > 2021-03-17 14:47 | Report Abuse

The BtR projects is not easy because you need the backing from the institutional investors. But from the annual report for FY21, it seems like they are going to secure a BtR project soon.

warchest

1,815 posts

Posted by warchest > 2021-03-17 14:49 | Report Abuse

See the phase 2 growth plan of the Company, many new projects coming soon. The Company has a strong balance sheet, good business model and prospects

warchest

1,815 posts

Posted by warchest > 2021-03-17 14:56 | Report Abuse

Previously many analysts were less sanguine of EWINT because of less projects after 2022. But check again from the annual report 2022, we can see many new projects launched by the Group in Millbrook Park, Aberfeldy Village, Barking Wharf, Kew Stadium, Action Lodge, Jubilee, Two Bridges. The rate of replenishment of new projects is getting faster

warchest

1,815 posts

Posted by warchest > 2021-03-17 14:58 | Report Abuse

This is the only property developer in Malaysia that doesn't face the industry glut. There is a massive glut in property market in Malaysia but not UK

warchest

1,815 posts

Posted by warchest > 2021-03-17 15:02 | Report Abuse

Ewint was listed on 3/4/17. AGM is 31/3/21 and close to 4 years of listing with bulk of the projects as in the prospectus already completed. This is time for Tan Sri Liew to excite its shareholders what they have delivered and how he going to bring it to a new level of growth

Posted by Fortunemaster > 2021-03-17 16:30 | Report Abuse

I guess With some of the positive input like shortage of home supply for their local, extention of stamp duty exemption, low interest rates, low down payments (5%), hongkee migration, vaccination progression, targeted 10 free trade port, Free trade agreement with many regions, participating in semi final/final of European Cup and competing to host 2030 World Cup and with the company proven result and aggressive in their new venture (whether B+R, JV or own development of new project expansion in just within 3years and 10 months as what warchest had mentions). Beside that I personally feel it really need a very strong team to be able to sail through so many turbulent and yet still progressing and delivering a good end result. Hope everyone here can made some fortune and grow their wealth here.

drkelvin20

694 posts

Posted by drkelvin20 > 2021-03-17 17:36 | Report Abuse

@kinuxian@warchest@FOrtunemaster. Tq for information.

Let's hope the EWINT venture rewards the Quek family investment with successful development, in turn also rewarding us, we royalists who invested the trust and our hard-earned money all these years since 2017. Take the share price to more than rm 1.2!

warchest

1,815 posts

Posted by warchest > 2021-03-18 06:25 | Report Abuse

Hope it could go back to above RM1.20 so that IPO investors will earn back. Keep your fingers crossed

looiting

428 posts

Posted by looiting > 2021-03-18 10:42 | Report Abuse

Unlike most property companies in Malaysia, EWINT is a growth company with continuous growth story because London and Australia property market continue to be vibrant. A lot of foreign investors and migrants into these countries due to favourable migration policy. With current cash, asset, talent, experience and great leadership by Tan Sri Liew, EWINT is a good company to invest for anyone who want to have some property sector exposure.

Posted by Fortunemaster > 2021-03-18 11:44 | Report Abuse

London at the second ranking of Global finance centre latest index after New York

Steve64

52 posts

Posted by Steve64 > 2021-03-21 09:00 | Report Abuse

AR2020:
A 10% (2019: 10%) strengthening of the RM against the following currencies at the end of the reporting period would have increased profit or loss by the pre-tax amounts shown below. The analysis assumes that all other variables, in particular interest rates, remained constant.

Abv comments mentioned "pretax amounts as shown below..."? But nothing shown. Missed out? Forgot to attach file..?

Survivor13

710 posts

Posted by Survivor13 > 2021-03-21 12:43 | Report Abuse

Good news coming next week before the QR. TP 1.20 not a problem

warchest

1,815 posts

Posted by warchest > 2021-03-22 23:08 | Report Abuse

Not exactly true as it hasn't taking account of few billion of recognised cash in JV entities mainly in Ballymore. Strong GBP meaning there going to be more RM to be remitted to EWINT.

Steve64

52 posts

Posted by Steve64 > 2021-03-23 08:53 | Report Abuse

Tend to agree with Warchest views. More $$ to remit back to shareholders for dividend with strengthening pound.

Secondly if BtR is the rage for future growth, EWI doesn't need so much funds tied up in borrowings as BtR (investor) funds the progress of the development in staggered amounts until completion; unlike non-BtR residential units, where balance 90% only paid upon completion. Funds can be tied up for years (until completion).

Thus gearing improves and this should give impetus for EWI to release funds for more dividends as announced earlier/many times in past.

Hopeful....

Posted by Fortunemaster > 2021-03-23 09:14 | Report Abuse

Absolutely correct with warchest comments on GBP exchange and with their lower gearing they can planned for better dividend and expansion of development.

Steve64

52 posts

Posted by Steve64 > 2021-03-23 16:29 | Report Abuse

Gen2 - which page of AR2020 is this "MYR strengthened = profits, MY weakened = loss" stated? I tried to find under the main headings ( damn long AR) but couldn't. Maybe you can help direct to the page/topic where its stated.
Tks for sharing.

drkelvin20

694 posts

Posted by drkelvin20 > 2021-03-23 21:07 | Report Abuse

anyone having idea what happened today to EWINT? steep drop to 56 sen...
COVID spike in Europe? But in UK it was all under controlled...anyone having idea?

Limmyteh

27 posts

Posted by Limmyteh > 2021-03-25 06:39 | Report Abuse

Limit up today! Be4 qtr out

RISK8888

2,232 posts

Posted by RISK8888 > 2021-03-25 07:49 | Report Abuse

this is not goreng counter, wont limit up.

drkelvin20

694 posts

Posted by drkelvin20 > 2021-03-25 09:26 | Report Abuse

is QR report out today afternoon? Hope it will give good results.

warchest

1,815 posts

Posted by warchest > 2021-03-25 09:48 | Report Abuse

Yesterday was a hammer formation sits at the support level of 55. Today is the confirmation of next uptrend

Posted by YouNeedTrust > 2021-03-25 17:21 | Report Abuse

QR out, 1 sen div

Survivor13

710 posts

Posted by Survivor13 > 2021-03-25 17:21 | Report Abuse

good QR with 1 cent div

Posted by moneycome123456 > 2021-03-25 17:46 | Report Abuse

Wow wow

warchest

1,815 posts

Posted by warchest > 2021-03-25 17:49 | Report Abuse

Commendable results and maiden dividend :)

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