Highlights
KLSE: EWINT (5283)       ECO WORLD INTERNATIONAL BHD MAIN : Properties
Last Price Today's Change   Day's Range   Trading Volume
1.07   0.00 (0.00%)  1.06 - 1.07  307,000
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General Meeting

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Ann. Date Date Time Type Venue View
13-Mar-2018 28-Mar-2018 12:00 EGM Eco Ardence Sales Gallery, PT 8, Persiaran Setia Alam, Eco Ardence, 40170 Shah Alam, Selangor Darul Ehsan, Malaysia Meeting Detail
26-Feb-2018 28-Mar-2018 10:30 AGM Eco Ardence Sales Gallery, PT 8, Persiaran Setia Alam, Eco Ardence, 40170 Shah Alam, Selangor Darul Ehsan, Malaysia Meeting Detail
Analyze this stock with MQ Trader system

  3 people like this.
 
Yael Jasper This stock become stronger and stronger, worth to invest
06/09/2018 10:36
kyy_superinvestor Wait until flower also wilt d...still stagnant
09/09/2018 10:55
Investar2862 This stock is suitable for longer term investors only.
11/09/2018 07:41
tuapuikia how long consider long term ?
11/09/2018 13:33
smalltimer Hold for 2yrs lo
11/09/2018 13:35
tuapuikia 2 years TP RM3?
12/09/2018 10:37
carilembu If you believe TP RM3, now is the time to buy, buy , buy. Sell land, house, car etc bcos 2 years can triple wealth when reach RM3. No risk if so sure but I no sure lah. If I so sure, sure I sell everything to buy all now.
12/09/2018 10:43
alextan5680 Just top up
12/09/2018 13:13
alextan5680 No regret
12/09/2018 13:13
alextan5680 Wait 4 durian drop hihihi
12/09/2018 13:14
CrapTree will lausai more.....
13/09/2018 09:20
2Invest Just based on 1 year data, I also don’t know how to calculate its’ intrinsic value. But overall it’s still considered a safe investment for now. Not to mention recent deal with North American Pension Fund.

Imagine GoucoLand entry price at 1.20 during IPO compare to yours that’s 1st. 2ndly, as at May this year the company has cumulative sales of RM8.184B.

https://ecoworldinternational.com/wp-content/themes/ecoworld-international/images/download/EWI_Presentation.pdf

3rd, from the current sites, the company targets a total of 30B GDV for the next 10 years.

So total current sales & potential sales will be at 38.184B, excluding any other potential M&A for the next 10 years.

RM38.184B/2.4B of shares = RM15.91/Share

If you invest 100K shares now may cost you about RM106K, but EWInt has to sale or develop for you properties worth (100000*RM15.91) = RM 1.591M for the next 10 years.

At least for now I don’t see any property in Malaysia you buy at 106K today & will become 1.59M in the next 10 years.

So why worry?

If you guys really into property than can consider to invest another good local company, so your real estate business will be running 24 hours a day.

Cheers!!!
13/09/2018 11:28
Yael Jasper Good job ! keep rising....
13/09/2018 11:28
2Invest http://www.shareinvestor.com/fundamental/factsheet.html%3Fcounter%3D5283WA.MY

The company warrant Exercise Price at RM1.45, before 4/2022, meaning to say it will be only reasonable for EcoWorld & GuocoLand to exercise their right if mother share above 1.45.

Compare to the current price, investors here will have a room of about 40% increase before warrant expired
13/09/2018 12:49
Huat1 Good observation
13/09/2018 12:56
jordanmaggie61 Waiting for dividen soon. This time can cover back some capital loss. Not bad
13/09/2018 14:15
tsyon1 when is the quarterly report out ?!
13/09/2018 15:11
William Tan Based on the Q3'17 report was announced in 14/9 so I expect tomo will announce the Q3 report. Hopefully, Q3 wont turn us down. Cheers.
13/09/2018 16:12
kyy_superinvestor today up is a good sign d
13/09/2018 16:59
Huat1 Long term investment....
13/09/2018 17:44
William Tan Surprisingly their Q3 report haven't announce...
18/09/2018 10:03
Sang Yong Leo i think mayb 29/9 announce
18/09/2018 10:14
UY lol, Q report announcement date already adjusted to month end since pass 2 Q early of year2018.
18/09/2018 10:16
William Tan Really? I still keep waiting blindly in this few days @@
18/09/2018 11:30
2Invest Most likely after news about Embassy Gardens hand over. So the company can lum sales figure together with London City project. So let's wait.
18/09/2018 13:29
kyy_superinvestor Wait until flower also wilt d
18/09/2018 13:47
fourM Jack told us "Today very cruel, tomorrow more cruel, day after tomorrow will be beautiful" be patient...:)
18/09/2018 18:01
William Tan Who is Jack?
18/09/2018 19:25
Jon Choivo No idea how true is that figure. But lets say its correct.

I expect net margin to be 10% tops. Its not like they got the land cheap.

So RM800mil in profit.

Lets say its over 3 years.

That is Rm270 mil per year.

At current price of RM1.07 or MV of Rm2.6bil.

That is basically PER10 given current valuation.

I can think of 5 prop dev companies, cheaper than 10PE, among other valuation aspects.

Now, one might say, but its Ekoworld! There is the name.

You telling me the name better than mahsing, tropicana, sunway? I don't think so.

Having demonstrated that they are better investments out there when it comes to property development companies.

The logical conclusion is that tts a punt, and you guys should have sold at 1.2 or so.

Its may go higher than that, but to speculate (not invest) on stock going higher in a bear market is a fools game.

Speculators in KLSE only really make money in bull, most anyway, icon may be good enough to be different, i have no idea.

====
Posted by Icon8888 > Aug 30, 2018 08:04 AM | Report Abuse

They just secured RM2 bil sales through Buiilt To Rent scheme

Unbilled sales closed to RM8 bil now
18/09/2018 21:38
Jon Choivo GDV is a bullshit figure given by management. You should see the ones in 2013. To completely rely on it is foolish.

But if you want to use those kind of figures.

Trop is pulling out figures like RM43bil.

Mahsing RM26bil

IJM Land RM34bil

Etc etc

I can continue.

And i like how you get you RM15.91 per share price. Just divide GDV over shares. 100% profit margin man. You should teach me how to open property development co and get 100% margin.

Even google margin also not so high, and those people only need to pay for server and staff cost.

M&A is not free. If they issue shares, that will lower eps etc.

Otherwise, raise cash etc, you know how many rights etc gamuda and ijm do? Also lower eps.

The return for GAMUDA and IJM is rubbish. Even you take low since crisis to now, its about 100%, so basically about 7% per annum. Not including div lah tbf. With div maybe 9%.

And if you do since listing. Not exactly fantastic either

Unless someone in UK very kind heart, give them 20% clean ROI. In which case, i doubt it.

Unless they highly prescient, buy land in the future during crash in Britain, and develop/sell off when market better.

That is decade long plans.

Having said that, ecoworld is one of the best developers in malaysia.

So, you've got that going for them.

=========
Posted by 2Invest > Sep 13, 2018 11:28 AM | Report Abuse

Just based on 1 year data, I also don’t know how to calculate its’ intrinsic value. But overall it’s still considered a safe investment for now. Not to mention recent deal with North American Pension Fund.

Imagine GoucoLand entry price at 1.20 during IPO compare to yours that’s 1st. 2ndly, as at May this year the company has cumulative sales of RM8.184B.

https://ecoworldinternational.com/wp-content/themes/ecoworld-internati...

3rd, from the current sites, the company targets a total of 30B GDV for the next 10 years.

So total current sales & potential sales will be at 38.184B, excluding any other potential M&A for the next 10 years.

RM38.184B/2.4B of shares = RM15.91/Share

If you invest 100K shares now may cost you about RM106K, but EWInt has to sale or develop for you properties worth (100000*RM15.91) = RM 1.591M for the next 10 years.

At least for now I don’t see any property in Malaysia you buy at 106K today & will become 1.59M in the next 10 years.

So why worry?

If you guys really into property than can consider to invest another good local company, so your real estate business will be running 24 hours a day.

Cheers!!!
18/09/2018 21:58
i3lurker I remember the title of this best seller book called "How to Lie with Statistics"
18/09/2018 22:03
Jon Choivo "So total current sales & potential sales will be at 38.184B, excluding any other potential M&A for the next 10 years. "


====
Correct way to calculate is like this.

Lets assume ekoworld is not just one of the best in malaysia. But god of property developer.

Chang Kim Wah (and Liew Kee Sin, he is non exec, but im sure he works) so god, until Tan Sri Leong Hoy Kum pray to him every morning when he wake up, and every night just before he sleep.

And like god, prediction come true. 10 year, RM38.184B sales, 10% margin.

Lets assume its even.

So its RM3.8bil per year, or RM380mil profit a year from this year.

Lets assume he really is god, and get this kind of return with no right issue etc, and the profit margin is after ALL the future financing cost needed to develop 38bil of GDV.

That is 14.6% earning yield for 10 years. Risk free rate is 4.3%.

So, if ekoworld is god, you get 10.3% above FD for 10 years.

But if he's human leh? What kind of return you looking at ?

and if the son, Liew Tian Xiong, is inevitably not as good as the father, what kind of return you looking at?

I can think of 10 companies now giving you better than 14.6% earning yield, without being god.

Also, ecoworld, the flagship co, is at its peak, only 7.2% net margin. So realistically, you are looking at more like 10.5% earning yield or 10 PE.

I close eye also can show you 10 companies significantly cheaper and probably just as good. At least in this kind of bear market.
18/09/2018 22:15
zhen wei & JP They have brought in another bond to raise capital. EWINK2021
18/09/2018 22:18
nekosaan bad mouth Jon Choivo, don't talk rubbish !
19/09/2018 00:27
2Invest Actually Jon Choivo pointed out other possibilities & risks. We should thank him for that.
19/09/2018 10:56
alextan5680 Funny calculate,u can see ewi stronger and getting stronger loh
19/09/2018 12:13
alextan5680 If every year same margin same profit no improvement,then why Mr quek leng chan invest 700million,throw to sea?
19/09/2018 14:00
sank Tomorrow the third quarter results will be announced.
19/09/2018 15:27
GoldenShares sure or not ? end of the mth ? : )
19/09/2018 15:32
Sang Yong Leo end of the month la,not tomorrow
19/09/2018 15:43
Jon Choivo Use your brain when replying.

Prove my arguments wrong. Don't give me bullshit comments about price movement, short term, it can go anywhere.

=====
Posted by alextan5680 > Sep 19, 2018 12:13 PM | Report Abuse

Funny calculate,u can see ewi stronger and getting stronger loh
19/09/2018 17:04
Jon Choivo You know quek leng chan how rich? You know he burn how much playing poker in casino?

This is just invest and help friend money to him. Thats it. His dividend from hong leong each year way more than 700m.

This is make friend money. Support friend money.

====
Posted by alextan5680 > Sep 19, 2018 02:00 PM | Report Abuse

If every year same margin same profit no improvement,then why Mr quek leng chan invest 700million,throw to sea?
19/09/2018 17:07
2Invest I think it's good for us to stop Non-Productive & Nonconstructive arguments here. Don't prove anything but to further improve our portfolio's performance. Overall, Mr. Market will be the only one right & the only winner at all times.

Hong Leong is such a big group but not all biz is good. Mr Quek also had bad experience in investing TH Heavy Engineering. Hope this is not the 2nd :).

WB also had bad experience on Tesco & others. KYY & Fong SiLing also had couples of failures before.

We can't control price but can reduce risks. Let's handle investment risks handsomely.

Cheers everyone!!!
19/09/2018 20:09
alextan5680 Stupid jon keep ur bad mouth shut
19/09/2018 21:08
zhen wei & JP https://www.bloomberg.com/news/articles/2018-09-19/london-house-prices-post-biggest-drop-since-2009-in-july?srnd=premium-asia


London house prices posted their biggest drop in almost a decade in July.
19/09/2018 22:07
19/09/2018 22:14
zhen wei & JP Let me summurize,

Unbilled Sales @ RM 6.102B


Current debt after deducted from IPO - RM 268M
Cash Holding - RM 477M
19/09/2018 22:29
zhen wei & JP WHY QUEK INVEST 700m?


Before Ecoworld international was listed they have debt of 1.2 Billion.
which have been reduced by IPO significantly.

imagine how big is 700m, how if ecoworld turnaround and sold all their prop?
what will happen next?

as a investor we must study the past and predict the future.
19/09/2018 22:50
Huat1 Can invest
19/09/2018 22:53
zhen wei & JP 50/50

The issuence of bond to private investor at 6.3% coupon rate.
Maturity 3 years.

dividend need to wait their debt clear.

by 2021 ecoworld need to hit their sales target. Debt will compounnd if they are not able to turnaround.
It's like standing on a thin line.
19/09/2018 23:05


 

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