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3,443 comment(s). Last comment by mcmann at Sep 17, 2019 8:23 AM
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Peter Chow
88 posts

Posted by Peter Chow > Dec 17, 2015 10:37 PM | Report Abuse

Could be pushing upwards tomorrow


Koon Bee
325 posts

Posted by Koon Bee > Dec 18, 2015 9:40 PM | Report Abuse

http://bigcanon.blogspot.sg/2015/10/analyst-briefing-coverage-for-ewein-7249.html?m=1


Clinton Tom
71 posts

Posted by Clinton Tom > Dec 21, 2015 7:24 PM | Report Abuse

Fellow investors of Ewein, TP at 1.80. Warrant will also follow suit. Conversion for warrant is 0.61. Get ready for a Christmas and Year end surprise.


DRYEW
249 posts

Posted by DRYEW > Dec 21, 2015 8:09 PM | Report Abuse

seriously? =D


Peter Chow
88 posts

Posted by Peter Chow > Dec 21, 2015 8:12 PM | Report Abuse

Announced,status industrial to property come 23rd dec


karyzme
40 posts

Posted by karyzme > Dec 21, 2015 8:36 PM | Report Abuse

Thanks for confirming the news. All the best ladies and gents.


thesteward
2268 posts

Posted by thesteward > Dec 21, 2015 10:39 PM | Report Abuse

:-D


FryingKaki
28 posts

Posted by FryingKaki > Dec 21, 2015 11:14 PM | Report Abuse

Agree with u bro Clinton...


KoonBee1
173 posts

Posted by KoonBee1 > Dec 21, 2015 11:34 PM | Report Abuse

The City of Dream project of rm800 mil revenue will kick in next Quarter by stages based on progresive claim to the bank


KoonBee1
173 posts

Posted by KoonBee1 > Dec 21, 2015 11:36 PM | Report Abuse

This ewein is the only developer counter that i dare to buy now...they have the best and more aggresive property agency namely Zeon property headed by Leon Lee to help them to sell the houses...and zeon property have almost 200 property agent from part time to full time


Peter Chow
88 posts

Posted by Peter Chow > Dec 21, 2015 11:36 PM | Report Abuse

Still feel a great potential in this co.holding on.


$$$< GOODLUCK >$$$
530 posts

Posted by $$$< GOODLUCK >$$$ > Dec 21, 2015 11:39 PM | Report Abuse

BUY and keep sure make money.


KoonBee1
173 posts

Posted by KoonBee1 > Dec 21, 2015 11:41 PM | Report Abuse

If ewein change the NOB to developer and start COD project during last bull run for property stock...rm4-5 not a problem...timing problem and now they only worth 1.17


Peter Chow
88 posts

Posted by Peter Chow > Dec 21, 2015 11:43 PM | Report Abuse

Not chasing anymore, just holding.looking forward to 23rd,what the market would be


gohcheehoh
578 posts

Posted by gohcheehoh > Dec 22, 2015 12:35 AM | Report Abuse

Great momentum building up. Crossing rm 1.3 real soon n stretch for 1.5 by year end. We'll balance revenue source and transformation.


GinTech
234 posts

Posted by GinTech > Dec 22, 2015 12:47 AM | Report Abuse

Ewein will go into correction this week.


Clinton Tom
71 posts

Posted by Clinton Tom > Dec 22, 2015 3:48 PM | Report Abuse

Not yet. Correction NOT required.


Clinton Tom
71 posts

Posted by Clinton Tom > Dec 22, 2015 3:49 PM | Report Abuse

Whoever who sells today will regret as to stare at others making lucrative profits.


Clinton Tom
71 posts

Posted by Clinton Tom > Dec 22, 2015 3:50 PM | Report Abuse

Upside Swings with Volume equals Momentum. Momentum adds on positive news announcement on change of NOB equals New TP. Achieving new heights is inevitable.


Clinton Tom
71 posts

Posted by Clinton Tom > Dec 22, 2015 3:50 PM | Report Abuse

Suggest to acquire more. (Look back at my previous comments).


thesteward
2268 posts

Posted by thesteward > Dec 22, 2015 10:22 PM | Report Abuse

tom up again ;-DDDDD


jkhoo
27 posts

Posted by jkhoo > Dec 22, 2015 11:56 PM | Report Abuse

keep this. more to come with this counter. the third link will soon come in, and you will remember this day, as the day i called it.


gohcheehoh
578 posts

Posted by gohcheehoh > Dec 23, 2015 1:35 AM | Report Abuse

Well down Ewein, Christmas gift came earlier. This is the counter you can get 2x or 4xncapital gain within 2 years


Davison
38 posts

Posted by Davison > Dec 23, 2015 9:54 AM | Report Abuse

the warrant is at a discount, 0.6 + 0.61 = 1.21
Mother share = 1.29 9:50am

News: Ewein to sign S&P agreement on Dec 28 for the second parcel of land near City of Dream.

The group's first project, City of Dreams, is expected to cumulatively contribute 200million in profit before tax and minority interests over a four-year period.

Source: The Edge


gohcheehoh
578 posts

Posted by gohcheehoh > Dec 23, 2015 6:22 PM | Report Abuse

wonderful christmas gift.


4u2c
3553 posts

Posted by 4u2c > Dec 24, 2015 10:41 AM | Report Abuse

well commented ......Ewein will make us win


Peter Chow
88 posts

Posted by Peter Chow > Dec 24, 2015 1:04 PM | Report Abuse

Very sound track record.No reason to trigger uma.mother n wa.is still worth buying


kakatuah
417 posts

Posted by kakatuah > Dec 25, 2015 8:47 PM | Report Abuse

Davison, fully agreed that the warrants are a good buy. Still lots of room for advances as it is still priced at a discount. Capital outlay is much lower than mother, if one wants to buy Ewein mother share.........kakaka


koonbee9
677 posts

Posted by koonbee9 > Dec 28, 2015 9:01 PM | Report Abuse

http://www.theedgemarkets.com/my/article/ewein-acquire-443-acre-land-penang-rm162m

4.4 acre purchase at rm162mil...crazy


Peter Chow
88 posts

Posted by Peter Chow > Dec 28, 2015 11:02 PM | Report Abuse

Strategic reasons we do not know.visionaries come 5yrs down the road....


Peter Chow
88 posts

Posted by Peter Chow > Dec 28, 2015 11:03 PM | Report Abuse

Buckle up for a ride tomorrow


chinhoe
286 posts

Posted by chinhoe > Dec 28, 2015 11:28 PM | Report Abuse

Works out to be rm839 psf !! Must be hell of a price to pay even if its in prime area Penang.., something fishy


koonbee9
677 posts

Posted by koonbee9 > Dec 28, 2015 11:31 PM | Report Abuse

Yes...very fishy...their COD project phase one GDV only at RM800 mil (project just obtain APDL and on CW stage only) and dare to purchase a land RM162 million with reason to increase land bank...wtf


chinhoe
286 posts

Posted by chinhoe > Dec 28, 2015 11:47 PM | Report Abuse

the average selling price for a small bungalow plot (6000 to 8000 square feet) in Bandar Tanjung Pinang ranges from rm500 to rm600 psf ; whereas in Ewein's case, something this size shld fetch a discount because the developer has to build roads, drainage system,Tenaga sub-station etc which is to be surrendered to relevant authorities for free, hence the "usable" land is only about 60 to 65% purchased, and in Ewein's case it works out to be rm839 gross and about rm1400 net...!!!
Something is very wrong..!!!


chinhoe
286 posts

Posted by chinhoe > Dec 28, 2015 11:57 PM | Report Abuse

For land price reference, go check Mudah.com for land price in Tanjung Tokong, Penang. (E & O, Sri Tanjong Pinang, they are all the same, in the vicinity of E & O on-going development project)


gohcheehoh
578 posts

Posted by gohcheehoh > Dec 29, 2015 12:41 AM | Report Abuse

Let understand their plan before jump into conclusion or create guessing. We don't need to buy the cheapest land because is always associate with opportunity cost. As long as the management can turn the investment into healthy return than share holder will be happy investor


kakatuah
417 posts

Posted by kakatuah > Dec 29, 2015 7:38 AM | Report Abuse

Manyak, manyak mahal bagi per foot cost BUT around that area susah dapat beli besar land lot. Furthermore, company mesti bina high end condominium baru can make profit. Ewein mesti bina condo sana. It's for the future plan. So, beli Ewein Wa lebih baik. Capital outlay lower....kakaka


koonbee9
677 posts

Posted by koonbee9 > Dec 29, 2015 7:40 AM | Report Abuse

I believe the real winner behind is Zeon property who is the middle man of thid land deal


rosetan
846 posts

Posted by rosetan > Dec 29, 2015 12:55 PM | Report Abuse

Buy wa and convert! 11 sen difference!


Davison
38 posts

Posted by Davison > Dec 29, 2015 2:01 PM | Report Abuse

Yes its expensive if you compare it to a low medium cost. Then again if you compare it to Quayside it is consider moderate price, because Quayside would cost 1000+ psft.

Even if it's considered expensive, they will surely gain from it because high rise building contributes more than the investment. I believe that they are not planning to build bungalow or terrace per se.


koonbee9
677 posts

Posted by koonbee9 > Dec 29, 2015 2:09 PM | Report Abuse

Davison, can you work out 4.4 acre can built how many highest? Per building how many units? Base on contruction cost and land cost, how much ewein need to sell the highrise per sq ft? With the pricing, can penang people afford to buy or need foreign investor to buy? How about bank approval rate on loan? How long developer need to get the APDL before they can launch the house? What is the competitor project nearby? What is the occupation rate of existing prokect nearby? Pls do these research before you gv a positive comment on this land deal..i look at it, the price of RM800/ft for land cost are way too expensive...the cost definetly will over run

Note: This is the reason many big playet i.e Mah Sing, SP Setia, Eco and IJM has move their project to butterwoth area and the land still cheap there at rm40 - rm100/ft


koonbee9
677 posts

Posted by koonbee9 > Dec 29, 2015 2:14 PM | Report Abuse

Dont forget, for any highrise property which more than 60 units per building, state gomen will charge a developer cost on the extra units...which are very expensive..and out of 150 units of highrise, developer must built a low or low medium cost project to get an approval...thats why many developer are playing smart to lauch at 148 units for one highrise condo


koonbee9
677 posts

Posted by koonbee9 > Dec 29, 2015 2:16 PM | Report Abuse

I am very sure...part of this 4.4 acre land will need to build a low cost/LMC to get the approval which will reduce the profit of ewein on this 4.4 acre project


Peter Chow
88 posts

Posted by Peter Chow > Dec 29, 2015 8:49 PM | Report Abuse

Too bad,they dont want balik pulau area,otherwise could sell my 3 acres for rm 100 psft


Davison
38 posts

Posted by Davison > Dec 29, 2015 10:28 PM | Report Abuse

You do have your points, and I am not saying that you're wrong, but I still think that this investment will be fruitful. Property might be flat in 2016 but prices will gradually pick up in years to come. By the time this project is done, it would probably be 2017 or 18, yet the land is in Penang which land is so scarce. Not to say that the area is a hotspot either.

I am just stating my opinion and perception, don't have the intention to offend Anyone.
Sabar


Peter Chow
88 posts

Posted by Peter Chow > Dec 30, 2015 9:12 AM | Report Abuse

Correct


rosetan
846 posts

Posted by rosetan > Dec 30, 2015 9:13 AM | Report Abuse

Surely the directors would have thought through the price before purchasing the land.


FactsAndFigures
18 posts

Posted by FactsAndFigures > Dec 30, 2015 9:41 AM | Report Abuse

A rational seller and a rational buyer, 162m is not a small amount. I dont think Datuk Ewe will pay such a huge amount without any deep consideration.


Clinton Tom
71 posts

Posted by Clinton Tom > Dec 31, 2015 12:41 AM | Report Abuse

Fellow investors, shareholders, market makers or punters, pls do not dwell too much on the price of the land that was acquired. Remain focus on the share price movements.


Clinton Tom
71 posts

Posted by Clinton Tom > Dec 31, 2015 12:44 AM | Report Abuse

Let the management do their maths on the price of the land, let them decide when to launch the next phase for City of Dreams. Our focus should be on the share price. As mentioned previously, its steadily holding on the 1.30 price, the upward momentum should kick in pretty soon. Get ready to acquire more shares and STOP thinking or debating on the price of land.

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