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4,975 comment(s). Last comment by looiting at Oct 16, 2021 8:46 PM
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kinuxian
887 posts

Posted by kinuxian > Mar 25, 2021 6:06 PM | Report Abuse

Exchange differences on translation of foreign operations at 129mil, pretty close to my earlier estimation.

With extra 300mil gain from operating, their book look a lot healthier with 576mil cash on hand, 1.2bil debt, 2.2bil effective shares of future revenue.

For ECW, UEM merger fell through is a bless, else, profit will be diluted.

Wander how was the Wardian London, they never mentioned in the QR report as this suppose a major delivery in UK end.


drkelvin20
455 posts

Posted by drkelvin20 > Mar 25, 2021 6:36 PM | Report Abuse

Comments on EcoWorld International’s performance in 1Q 2021 and prospects for FY2021“EcoWorld International’s sales of RM408 million as at 28 February are all from Open Market Sales (OMS) of the Group’s properties. The consistent sales rate achieved, notwithstanding a third national lockdown imposed in the UK since December 2020, is very heartening. The continued strong overseas demand we have been experiencing also clearly demonstrates that London is still the preferred destination for global property investors which bodes well for both the OMS and Built-to-Rent (BtR) segments of our portfolio,” said Dato’ Teow Leong Seng, President & CEO of EcoWorld International.“Following the handover of Yarra One in Melbourne, the initial projects we embarked on when we were first listed have all reached completion.

Accordingly, we are now in a position to start paying dividends to our shareholders, beginning with the 1 sen maiden interim dividend the Board has declared for this quarter,” Teow commented.


drkelvin20
455 posts

Posted by drkelvin20 > Mar 25, 2021 6:38 PM | Report Abuse

Accordingly, we are now in a position to start paying dividends to our shareholders, beginning with the 1 sen maiden interim dividend the Board has declared for this quarter,” Teow commented.


This last sentence is good, its for this quarter, beginning this quarter, and if they continue declaring for each upcoming quarters, all is good, and I think the big fund will start buying, and share price will slowly moving back to its IPO level soon...

Finger cross this is going to happen from now on....
Australia and UK where EWINT business are based, they handle COVID pretty well....


warchest
1435 posts

Posted by warchest > Mar 25, 2021 6:44 PM | Report Abuse

https://www.klsescreener.com/v2/news/view/807299


moneycome123456
514 posts

Posted by moneycome123456 > Mar 25, 2021 7:40 PM | Report Abuse

KUALA LUMPUR (March 25): Eco World International Bhd’s (EWI) net profit jumped by more than 10-fold to RM56.03 million for the first quarter ended Jan 31, 2021, from RM5.19 million a year ago, thanks mainly to profit recognition of the group’s Melbourne project.

Quarterly revenue swelled to RM303.28 million from RM51,000, EWI’s filing to Bursa Malaysia showed.

The group declared an interim dividend of one sen, to be paid on April 28. This is EWI's maiden dividend since its listing in 2017.

EWI said the higher profit was mainly due to the commencement of revenue and profit recognition of Yarra One, following progressive handover of units sold to customers and higher share of results in joint ventures.

The increase in profit was partly offset by the impairment of goodwill in relation to EWI’s investment in a United Kingdom joint venture and West Village project totalling RM9.31 million in the first quarter, it said.

EWI said it delivered RM408 million sales in the first four months of the current financial year.

Sales in the first quarter totalled RM312 million, slightly in excess of RM100 million a month, which is similar to the rate recorded in the previous first quarter.

“The consistency of sales, notwithstanding a third national lockdown imposed in the UK since December 2020, is very encouraging. It clearly demonstrates London’s status as a global city with continued strong overseas demand experienced by our London projects,” said EWI.

“Recovering local demand in Australia also contributed to the positive sales results achieved by the group,” it added.

Going forward, EWI is hopeful that property market conditions in the UK and Australia will improve in the coming quarters following the mass rollout of vaccination programmes against Covid-19.

With regard to construction, EWI said the first build-to-rent residential block of Barking Wharf was completed in November 2020 and handed over.

As work on sites was permitted throughout the recent UK lockdown period, the group is also on track to hand over the three remaining blocks in stages within the current financial year.

Based on current construction programmes, the group also expects the handover of apartment units in Millbrook Park Phase 2 and Embassy Gardens Block A03 to commence in the second half of the year.

“These completions will not only allow revenue recognition but also generate significant cash flows for the group,” it said.

EWI’s share price closed unchanged at 55 sen, valuing the group at RM1.32 billion.


Jeffreyteck
4233 posts

Posted by Jeffreyteck > Mar 25, 2021 7:46 PM | Report Abuse

10 folds with 1 sen dividend, yummy. 50 folds coming soon :))


turbo8672
128 posts

Posted by turbo8672 > Mar 25, 2021 9:26 PM | Report Abuse

“These completions will not only allow revenue recognition but also generate significant cashflows for
the Group which will enable EcoWorld International to repatriate more profits to enable further
distributions to our shareholders in the near future,” said Teow.


Fortunemaster
53 posts

Posted by Fortunemaster > Mar 25, 2021 10:28 PM | Report Abuse

Eventhough 1 cent per share is relatively small, but as kinuxian mentioned their position is very healthy in term of cash in hand, lower gearing, and future revenue. Up to 28/2/2021 their secure revenue is more than 400 million. (remember that all this was happening during pendemic & lock down and still they can delivered a impressive performance and good results). With all the unbill sales and so many positive imput from market environment toward uk property market, this year should be a very fruitful year and many thanks for their effort and thanks everyone here for your sharing.


supersaiyan3
2835 posts

Posted by supersaiyan3 > Mar 26, 2021 12:09 AM | Report Abuse

Ecoworld geng. EWI so so only

Briefly, Commercial project in Australia handed over, no news in UK still (2nd half for balance of embassy garden is too far away). However, first BtR handed over, looks not very profitable though.

Its a long term play, wait patiently.


supersaiyan3
2835 posts

Posted by supersaiyan3 > Mar 26, 2021 12:10 AM | Report Abuse

1c interim, silly maybank expect 12.8% yield??!!


RISK8888
1328 posts

Posted by RISK8888 > Mar 26, 2021 9:21 AM | Report Abuse

don't disappoint with the 1 sen dividend, looking forward every quarter will get 1 sen dividend.


RISK8888
1328 posts

Posted by RISK8888 > Mar 26, 2021 9:24 AM | Report Abuse

last QR cash generated 300mil. mainly from Australia project. UK project still not much cash generated, coming quarter when consistent cash from UK, sure every quarter 1 sen not an issue.


RISK8888
1328 posts

Posted by RISK8888 > Mar 26, 2021 9:26 AM | Report Abuse

next QR will see cash increase by another 300mil, that means cash in hand 900 mil vs 1200 mil debt. with this, share price will sure go up further. hold this share at least until end of this year, sure wont go wrong.


Fortunemaster
53 posts

Posted by Fortunemaster > Mar 26, 2021 9:49 AM | Report Abuse

1st quarter if giving out 1 cent is around 2% return per quarter, it is better than FD which is about 1.8% per year I guess,and if coming quarters also performancing and proposing dividend, than the share prices maybe will see significant improvements


kinuxian
887 posts

Posted by kinuxian > Mar 26, 2021 10:41 AM | Report Abuse

Personally, I see the fear of EWI heading noway due to merger is gone, the fear of can't sustain over COVID19 and huge debt is much lessen. The goodwill provision shouldn't be any concern moving forward too as it left 1mil+ only.

Unsold units. That's where the actual profit sits but depending on UK/Aus properties market. They sold few units from LCI in Q1 and profit can be recognized immediately.

Data perhaps lagged by a month or 2.
https://landregistry.data.gov.uk/app/ppd/
https://www.rightmove.co.uk/house-prices/london-city-island-94316.html?country=england&referrer=landingPage&searchLocation=London+City+Island

BtR, post Brexit & Covid19 recovery probably back to center stage for now. If history repeats where cheap credit trigger hot housing market like 2008, perhaps it may see better valuation ahead.

Full cycle from fear to overoptimistic keep repeating?


sunchaser
30 posts

Posted by sunchaser > Mar 26, 2021 5:15 PM | Report Abuse

accumulating for this stock


Gen2
218 posts

Posted by Gen2 > Mar 26, 2021 6:09 PM | Report Abuse

https://www.constructionnews.co.uk/buildings/council-rejects-its-own-homes-and-leisure-centre-plans-22-03-2021/


supersaiyan3
2835 posts

Posted by supersaiyan3 > Mar 26, 2021 10:28 PM | Report Abuse

Thanks Gen2


Huat 888
261 posts

Posted by Huat 888 > Mar 29, 2021 9:58 AM | Report Abuse

COLLECT for mid term , 0.75 is not a dreams


RISK8888
1328 posts

Posted by RISK8888 > Mar 29, 2021 12:52 PM | Report Abuse

Drop drop drop. Let me collect more first. Hidden gem going to boom soon. Alot people still ignore this opportunity. No more chance after next qr is out.


RISK8888
1328 posts

Posted by RISK8888 > Mar 29, 2021 12:54 PM | Report Abuse

Another 2 more day is their AGM. More details will be disclose during the meeting. Stay tuned.


MoneyMakers
5123 posts

Posted by MoneyMakers > Mar 29, 2021 2:46 PM | Report Abuse

Lai lai come to papa


hcthey
66 posts

Posted by hcthey > Mar 29, 2021 3:41 PM | Report Abuse

I have the same thinking as Risk8888, when people throw, then you can get cheaper shares. If you think that this is a good counter, why don't you buy now. IPO investors and the big bosses they all paid for RM1.20 for the share. its NTA comes back to RM1.21. if you buy the counter at 54 cents now, means you get special discount of 55% out from the IPO price. It is cheap and worthy.


ringlife
106 posts

Posted by ringlife > Mar 29, 2021 4:13 PM | Report Abuse

Wow why suddenly going down?


Willtolive
327 posts

Posted by Willtolive > Mar 29, 2021 4:24 PM | Report Abuse

Sell on news


haha1234
1050 posts

Posted by haha1234 > Mar 29, 2021 4:38 PM | Report Abuse

sell on what news
can anyone teach me


MoneyMakers
5123 posts

Posted by MoneyMakers > Mar 29, 2021 6:23 PM | Report Abuse

Really massacre this evening, hopefully rebound tomorrow..need to catch-up with big brother Ecoworld 64 sen


RISK8888
1328 posts

Posted by RISK8888 > Mar 29, 2021 7:52 PM | Report Abuse

good!!! drop more!!! better go down to 0.40 best price to enter, if want to drop make sure you drop gao gao and let me sapu gao gao....gogogo below 0.5 tomorrow!!!


Kang Yao
187 posts

Posted by Kang Yao > Mar 30, 2021 9:11 AM | Report Abuse

RISK8888, we share the same appetite.


MoneyMakers
5123 posts

Posted by MoneyMakers > Mar 30, 2021 9:41 AM | Report Abuse

Sharks flushing out weak hands..successful developer no need panic..keep for dividends next week


RISK8888
1328 posts

Posted by RISK8888 > Mar 30, 2021 10:07 AM | Report Abuse

why not go down ler? i want more share!


hcthey
66 posts

Posted by hcthey > Mar 30, 2021 11:08 AM | Report Abuse

Ewint is a good and healthy company, started making profit since 2019 onwards, its financial position is healthy, working capital and cash in hand are excellent, company is going to pay you dividend soon, hold on and don't sell it, hold it for another half a year to one year time, i am confident i will get good return from this counter. Do not feel panic when the selling price is down , it will return to higher level again in time to come. The Board will not let you down and will not disappoint you on this counter for being your loyalty , instead they will bring you fortune & luck. Happy trading to all our friends.


RISK8888
1328 posts

Posted by RISK8888 > Mar 30, 2021 4:41 PM | Report Abuse

how to join the meeting?


MoneyMakers
5123 posts

Posted by MoneyMakers > Mar 30, 2021 6:11 PM | Report Abuse

Ask AGM bosses support price tomorrow pls


ivanlau
1046 posts

Posted by ivanlau > Mar 30, 2021 9:12 PM | Report Abuse

this stock really bring a lot of tyxxp fans go into holland..............


GimEng Hong
107 posts

Posted by GimEng Hong > Mar 31, 2021 4:45 PM | Report Abuse

Who got attend agm, got any news?


MoneyMakers
5123 posts

Posted by MoneyMakers > Mar 31, 2021 5:55 PM | Report Abuse

Exit got


Eagle_T
89 posts

Posted by Eagle_T > Apr 1, 2021 12:14 AM | Report Abuse

FY2021 Q1 Sales presentation:
https://ecoworldinternational.com/wp-content/uploads/2021/03/EWI-FY2021-Q1-Sales.pdf


Titan
4096 posts

Posted by Titan > Apr 1, 2021 12:45 PM | Report Abuse

tyxxp fans still got keep this counter meh???.....if want compare holland.....this is oni child play la. I think other counter worse.


GimEng Hong
107 posts

Posted by GimEng Hong > Apr 2, 2021 6:40 PM | Report Abuse

https://www.facebook.com/1396704223988664/posts/2958200604505677/?sfnsn=mo


RISK8888
1328 posts

Posted by RISK8888 > Apr 3, 2021 7:43 AM | Report Abuse

Let’s wish EWINT all the best and make us fat fat.


supersaiyan3
2835 posts

Posted by supersaiyan3 > Apr 4, 2021 1:20 AM | Report Abuse

tyxxp bloody noob shit.

In stock market, if you really can make money, why take money from newbies? Newbies starts with very little capital, still need to feed bloody noob shit sifu tuition fees.


supersaiyan3
2835 posts

Posted by supersaiyan3 > Apr 4, 2021 1:20 AM | Report Abuse

Eagle_T, GimEng, thanks.

Looks like sales slow due to lockdown, slow slow wait loh.


RISK8888
1328 posts

Posted by RISK8888 > Apr 4, 2021 6:47 PM | Report Abuse

Let’s wait for the good news to come this year. All of us celebrate together next happy new year with fat fat $$$!!!


kinuxian
887 posts

Posted by kinuxian > Apr 5, 2021 11:40 AM | Report Abuse

Wander these Hongkongers will regret or applaud with their decision today in 10 to 20 years later.

https://hk.appledaily.com/local/20210403/ZTXJNIFNSZHKDIU2RRHCEEA3IU/


RISK8888
1328 posts

Posted by RISK8888 > Apr 5, 2021 4:46 PM | Report Abuse

Mother already flying to the moon. Son please follow ya!!!


RISK8888
1328 posts

Posted by RISK8888 > Apr 7, 2021 12:48 PM | Report Abuse

congratulation to all holders, tomorrow mark the first dividend ex-date for the first time since IPO in 2017. wish EWINT all the best, keep paying dividend every quarter to shareholder. All the best!!!!


haha1234
1050 posts

Posted by haha1234 > Apr 7, 2021 12:52 PM | Report Abuse

niceeeeeeeeeeeeeeeeeeeeeeeeeeeee


haha1234
1050 posts

Posted by haha1234 > Apr 7, 2021 12:53 PM | Report Abuse

why mother fly to 7 son still at 5 hahahaha


RISK8888
1328 posts

Posted by RISK8888 > Apr 7, 2021 1:47 PM | Report Abuse

slow and steady lor....after buy can sleep well. not like those goreng share, up a bit make u feel so worry want to fast fast sell...

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