Posted by OOMMGG > Jul 21, 2020 11:30 AM | Report Abuse

I'm waiting at 39c, Always up abit and down again.

Posted by Killsthebear > Jul 21, 2020 2:43 PM | Report Abuse

hard to back to 3x cents without IDSS.

Posted by win_or_nothing > Jul 21, 2020 6:38 PM | Report Abuse

https://www.egi.co.uk/news/ecoworld-to-launch-new-btr-platform/


The founders of developer EcoWorld London are set to launch a BTR company called Apo, targeting 5,000 homes under management in five years.

EcoWorld International and Willmott Dixon are creating the residential management company to help international institutional partners access residential investments in London at scale.

The end-to-end service will help investors in sourcing investment opportunities, supporting design and development, through to leasing and long-term management of rental communities.

Its first schemes will be the 1,100 homes at EcoWorld London’s BTR sites at Kew Bridge (pictured) and Barking, funded by Invesco, which are both due to complete this year. It aims to grow the business nationally with a goal for 10,000 homes under management in the next 10 years.

Apo aims to partner with investors, developers and service providers. It is currently in talks with a number of developers, focusing on expansion in London initially, with the regions to follow.

The company is being led by Matthew Pullen as chief executive. He has been chief operating officer of EcoWorld for the last two years. Apo is also currently recruiting for senior roles ahead of its launch this year.

Pullen said: “From discussions with investors we believe the key constraint they face is in finding the right local management partners, and we believe that Apo’s approach is unique in combining the proactive day-to-day management that they need with the ability to drive returns through a real understanding of what residents want in terms of service, amenity and community.

“Our projects to date have demonstrated appetite from institutional investors, and as we emerge from the Covid-19 crisis the case for residential investment in London has never been stronger.”

EcoWorld International is a Malaysian listed developer which entered the UK in 2015 and has expanded globally, largely through joint ventures.

In 2018, the company took a 70% stake in Willmott Dixon’s Be Living business, which it rebranded as EcoWorld London. The company specialises in for sale and BTR development. That year it agreed a £400m deal for the Kew and Barking sites, and it is currently on the hunt for investor partners for pipeline projects.

Posted by Yaw Yang Lee > Jul 21, 2020 6:50 PM | Report Abuse

Yes, management already say in quarter report, at least one deal on btr this financial year

Posted by CatchThe Bull > Jul 23, 2020 9:14 AM | Report Abuse

British National (Overseas) passport/visa is a good news for HK people to buy properties in UK.

持BNO港人明年1月起可申請留英簽證
於英國享有讀書及工作權利

據英國政府網站，英國會自2021年1月起推出一個新簽證：Hong Kong BN(O) Visa，供BNO持有人與及其親屬申請，可以在英國國內或國外申請，方式為網上申請。申請人可選擇先申請到英國30個月，其後再申請延長30個月，或是一次過申請到英國5年。持簽證人士將可在英國享有讀書及工作的權利，但不能領取社會福利。申請人留英期間，當中的12個月內最多可離開英國180日。

Posted by ivanlau > Jul 25, 2020 8:03 PM | Report Abuse

Believed more and more BNO holders will migrate to UK due to political turmoil between china & usa . It might boost the demand of property in UK . IPO price rm 1.20 when EWINT still minus eps . NOw eps is positive but the share price below 50 cents ...... think about that .......

Posted by warchest > Jul 26, 2020 1:25 PM | Report Abuse

https://klse.i3investor.com/blogs/TimelessInvestment/2020-07-26-story-h1510727205-Eco_World_International_EWINT_The_Rise_of_Build_to_Rent_BTR.jsp

Posted by warchest > Jul 26, 2020 1:27 PM | Report Abuse

My new post on Build-to-Rent (BTR) model and how it could become the growth story for Ecoworld International. Happy weekend guys

Posted by warchest > Jul 26, 2020 1:27 PM | Report Abuse

https://klse.i3investor.com/blogs/TimelessInvestment/2020-07-26-story-h1510727205-Eco_World_International_EWINT_The_Rise_of_Build_to_Rent_BTR.jsp

Posted by Surewin168 > Jul 26, 2020 5:01 PM | Report Abuse

lai liao lai liao.. kick lai liao

Posted by Huat 888 > Jul 28, 2020 9:00 PM | Report Abuse

buy more..uptrend
1st target price 0.58...0.65 n 0.76

Posted by Newbie03 > Jul 29, 2020 10:35 AM | Report Abuse

Need to hold long term sincd covid havent end

Posted by warchest > Jul 29, 2020 5:21 PM | Report Abuse

https://www.ft.com/content/bd203e1b-db48-4609-ab01-67e6e139b8d3

Posted by kinuxian > Jul 29, 2020 5:55 PM | Report Abuse

https://theurbandeveloper.com/articles/melbourne-most-search-development-projects

Posted by win_or_nothing > Jul 29, 2020 6:51 PM | Report Abuse

https://uk.investing.com/news/economic-indicators/uk-mortgage-approvals-bounce-back-in-june-bank-of-england-says-2173815

Posted by Steve64 > Jul 30, 2020 8:46 AM | Report Abuse

Hi warchest - I like yr analysis on BtR sector and its immense potential for EWI in the future.
Can you comment on rising GBP against RM. It is almost touching 5.50 in recent days. Used to hover around 5.20 range.
What would be the impact on its nxt July QR? Should be + right. Any analysis/prognosis can be done? Impact of forex on PL and BS. ?

Tks.

Posted by Steve64 > Jul 30, 2020 8:51 AM | Report Abuse

https://www.exchangerates.org.uk/graphs/GBP-MYR-60-day-exchange-rate-history-graph-large.png

Posted by Yaw Yang Lee > Jul 30, 2020 10:17 AM | Report Abuse

Why only uk?? i more concentrated on aud/myr, see which project handover on the qr period, 2.81 to 3.05, around 8% gain

Posted by Yaw Yang Lee > Jul 30, 2020 10:19 AM | Report Abuse

I estimate big portion on Australia, and lci and embassy garden from uk

Posted by Eagle_T > Jul 30, 2020 1:51 PM | Report Abuse

20 July 2020: 1 GBP = MYR 5.50; 1 AUD = MYR 3.04
30 Apr 2020 : 1GBP = MYR5.37; 1 AUD = MYR 2.82

Wardian London Future Revenue = GBP 338 Million
Extra Gain due to FOREX : 338 * (5.50-5.37) = MYR 44 Million

West Village Future Revenue = AUD 287 Million
Extra Gain due to FOREX : 287 * (3.04-2.82) = MYR 63 Million

Posted by Eagle_T > Jul 30, 2020 1:56 PM | Report Abuse

Not much extra gain from LCI and Embassy Garden.
LCI Future Revenue = GBP51 Million
Extra Gain due to FOREX : 51 * (5.50-5.37) = MYR 6.6 Million

Embassy Garden Future Revenue = GBP54 Million
Extra Gain due to FOREX : 54 * (5.50-5.37) = MYR 7.02 Million

Posted by kinuxian > Jul 30, 2020 2:14 PM | Report Abuse

Weakening RM do help but doesn't work that straight forward. Beside, EWI had debt in AUD 515mil and GBP 20mil.

Posted by Eagle_T > Jul 30, 2020 2:30 PM | Report Abuse

Indeed, this will hedge against total term loan of AUD 258 Million and GBP 20 Million.
Since total future revenue (GBP 621 million & AUD 455 million) is far higher than term load , hence weakening of RM is good for EWI.

Posted by warchest > Jul 30, 2020 8:10 PM | Report Abuse

Appreciation of future revenue of RM190 mil (from RM4.62 to RM4.81 bil) with appreciation of GBP and AUD of approx. 2.6% & 7.5% against RM respectively from 30 Apr 20 up to date. This will translate additional pre-tax profit of RM190 mil from FY2020 to 2022.

Total borrowings approx. RM1.63 bil @ 30 Apr 20; 49%:6.5%:44.5% denominated in RM:GBP:AUD. Borrowings in foreign currencies are ringfenced against current projects in UK & AUD, hence easily can be settled with their future revenue.

Now, the cherry on the cake - the amount owed by joint ventures, Ecoworld London and Ballymore that would be paid anytime soon to EWINT. As at Apr 20, that is RM2.16 bil and with appreciation of GBP of 2.6%, now is RM2.22 bil. That is a whooping appreciation of RM60 mil in 3 months in EWINT coffers soon.

Hope it helps and happy weekend guys

Posted by Fortunemaster > Jul 31, 2020 12:11 AM | Report Abuse

Thank you warchest & Eagle_T for your great analysis, the uk housing supply crisis (short of supply) had been report since Jan 2019 and it is still yet to be solved. https://www.bbc.com/news/amp/uk-england-46788530

Posted by warchest > Jul 31, 2020 11:34 PM | Report Abuse

GBP and AUD at 5.57 and 3.04 respectively, the highest in a year. Is going to be a boom for Ewint as the amounts owed by JVs are in GBP. And bode well for the future revenue of EWINT.

Posted by warchest > Jul 31, 2020 11:39 PM | Report Abuse

I would suggest to use dollar-cost averaging strategy on this. Buying at regular intervals and roughly the same amount every interval. This would work well for growth company like EWINT

Posted by Dave92 > Aug 1, 2020 12:46 PM | Report Abuse

Uk covid case rising....second wave

Most uk property share price going down.

https://m.malaysiakini.com/news/536829

Posted by warchest > Aug 2, 2020 1:29 PM | Report Abuse

https://klse.i3investor.com/blogs/TimelessInvestment/2020-08-02-story-h1510727208-Eco_World_International_EWINT_Billionaire_Boys_Club.jsp

Posted by warchest > Aug 2, 2020 1:31 PM | Report Abuse

My 3rd post on EWINT: Billionaire Boys Club. Hope it can provide a tremendous insight for investment community here. Have a good Sunday and stay safe

Posted by warchest > Aug 2, 2020 1:32 PM | Report Abuse

https://klse.i3investor.com/blogs/TimelessInvestment/2020-08-02-story-h1510727208-Eco_World_International_EWINT_Billionaire_Boys_Club.jsp

Posted by Killsthebear > Aug 3, 2020 12:00 PM | Report Abuse

https://uk.reuters.com/article/us-health-coronavirus-britain-houseprice/uk-house-prices-surge-the-most-in-11-years-as-lockdown-lifts-idUKKCN24W108

Posted by win_or_nothing > Aug 3, 2020 9:43 PM | Report Abuse

https://www.nationwide.co.uk/-/media/MainSite/documents/about/house-price-index/2020/Jul_2020.pdf

Posted by Huat 888 > Aug 4, 2020 5:49 PM | Report Abuse

time to collect, coming QR should b earn a lot. n Tan Sri will declare dividend.

Posted by Surewin168 > Aug 6, 2020 10:00 AM | Report Abuse

lai lai lai

Posted by Surewin168 > Aug 6, 2020 10:00 AM | Report Abuse

kick lai liao

Posted by Killsthebear > Aug 6, 2020 4:37 PM | Report Abuse

dont know which big shareholder dump so many until it stucked at this level

Posted by win_or_nothing > Aug 7, 2020 4:46 PM | Report Abuse

https://uk.investing.com/news/economic-indicators/uk-house-prices-jump-amid-pentup-demand-stampduty-cut-2183562

Posted by Newbie03 > Aug 7, 2020 10:57 PM | Report Abuse

Boring eh