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Author: bukithot   |   Latest post: Sat, 16 Feb 2019, 2:39 PM

 

[BK] EcoWorld International - Strong Growth with Cheap Price

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I like EcoWorld International (EWINT) due to following investment merits:

1>> Strong management team - Tan Sri Liew and his team has proven themselves in property market. Evidenced by swift penetration to London BtR market. 

 


 

2>> Growth catalysts:

#1 Aim to be market leader in BtR market within 5 years. London BtR market has huge growth potential. 

 

#2 Sales target of RM 6bil for next 2 years

#3 Unbilled sales of RM 6.6bil provides clear earnings visibility for next 2-3 years

 

3>> Depressed valuation:

 

+ current market cap of RM 1.8bil vs unbilled sales RM 6.6bil

+ low prospective PE as projected by various research houses

+ Gloomed over near term BREXIT concern. Personally I do not think no-deal BREXIT will happen, and once BREXIT concern goes away in 1-2 years, UK market will become active again. Those pent up demand will be released into market. This risk however presents a opportunity to collect.

 + Cool local property market caused property sector to be ignore by investors for the time being. Bear in mind that EWINT does business in UK and AUS so local sentiment is actually less relevant.

If the company can continue to deliver strong set of results and strike more BtR deals in UK, I believe the stock has potential to be another multi-beggar in few years time. Let’s wait and see.

 

Conclusion:

If the company can continue to deliver strong set of results and striking more BtR deals in UK, the stock has the potential to be a multi-beggar in few years time.

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Labels: ECOWLD

Related Stocks

Chart Stock Name Last Change Volume 
ECOWLD 0.68 0.00 (0.00%)

  2 people like this.
 
qqq3 goes away in 1-2 years
============


1-2 years....can tahan or not?
16/02/2019 7:43 PM
hollandking cannotlah, this one u have to wait for the right moment, which is after brexit storm over.
16/02/2019 8:26 PM
bukithot after brexit gap up :P
16/02/2019 10:23 PM


 

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