Highlights
KLSE: ECOWLD (8206)       ECO WORLD DEVELOPMENT GROUP BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.92   0.00 (0.00%)  0.915 - 0.935  1,063,300
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Financials


Market Cap: 2,705 Million

Market Cap 2,705 Million
NOSH 2,941 Million

Latest Audited Result:  31-Oct-2017

Latest Audited Result: 31-Oct-2017
Announcement Date 23-Feb-2018
Next Audited Result: 31-Oct-2018
Est. Ann. Date: 23-Feb-2019
Est. Ann. Due Date: 29-Apr-2019

Latest Quarter:  31-Jul-2018 [#3]

Latest Quarter: 31-Jul-2018 [#3]
Announcement Date 20-Sep-2018
Next Quarter: 31-Oct-2018
Est. Ann. Date: 15-Dec-2018
Est. Ann. Due Date: 30-Dec-2018
QoQ | YoY   11.81%  |    47.64%

Annual (Unaudited) ( EPS: 5.62, P/E: 12.90 )

Revenue | NP to SH 2,171,768  |  165,592
RPS | P/RPS 73.76 Cent  |  0.92
EPS | P/E | EY 5.62 Cent  |  12.90  |  7.75%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.50  |  0.63
YoY   -21.02%
NP Margin | ROE 7.62%  |  3.75%
F.Y. | Ann. Date 31-Oct-2018  |  13-Dec-2018

T4Q Result ( EPS: 4.44, P/E: 20.69 )

Revenue | NP to SH 2,451,341  |  130,774
RPS | P/RPS 83.26 Cent  |  1.10
EPS | P/E | EY 4.44 Cent  |  20.69  |  4.83%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.47  |  0.63
QoQ | YoY   10.50%  |    -36.30%
NP Margin | ROE 5.33%  |  3.02%
F.Y. | Ann. Date 31-Jul-2018  |  20-Sep-2018

Annualized Result ( EPS: 4.40, P/E: 20.90 )

Revenue | NP to SH 2,069,768  |  129,416
RPS | P/RPS 70.30 Cent  |  1.31
EPS | P/E | EY 4.40 Cent  |  20.90  |  4.78%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   10.53%  |    -44.83%
NP Margin | ROE 6.25%  |  2.99%
F.Y. | Ann. Date 31-Jul-2018  |  20-Sep-2018


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Oct-2018 13-Dec-2018 31-Oct-2018 4 607,581 79,080 68,530 68,530 - 4,416,552 - % 11.28% 1.55% 2,944,368 20.64 20.64 2.33 2.33 0.00 0.00 1.5000 1.50   77.90%   103.28% 31-Oct-2018 1.00 4.85 42.96 0.67 2.33% 0.00% 13-Dec-2018 0.985 4.77 42.32 0.66 2.36% 0.00%
31-Oct-2018 20-Sep-2018 31-Jul-2018 3 490,049 47,893 38,521 38,521 - 4,328,221 - % 7.86% 0.89% 2,944,368 16.64 16.64 1.31 1.31 0.00 0.00 1.4700 1.47   11.81%   47.64% 31-Jul-2018 1.25 7.51 95.54 0.85 1.05% 0.00% 20-Sep-2018 1.18 7.09 90.19 0.80 1.11% 0.00%
31-Oct-2018 28-Jun-2018 30-Apr-2018 2 498,686 50,449 34,453 34,453 - 4,298,777 - % 6.91% 0.80% 2,944,368 16.94 16.94 1.17 1.17 0.00 0.00 1.4600 1.46   43.03%   2.29% 30-Apr-2018 1.15 6.79 98.28 0.79 1.02% 0.00% 28-Jun-2018 1.21 7.14 103.41 0.83 0.97% 0.00%
31-Oct-2018 29-Mar-2018 31-Jan-2018 1 563,591 39,897 24,088 24,088 - 4,269,334 - % 4.27% 0.56% 2,944,368 19.14 19.14 0.82 0.82 0.00 0.00 1.4500 1.45   -28.55%   -79.26% 30-Jan-2018 1.40 7.31 171.13 0.97 0.58% 0.00% 29-Mar-2018 1.00 5.22 122.23 0.69 0.82% 0.00%
31-Oct-2017 15-Dec-2017 31-Oct-2017 4 899,015 57,623 33,712 33,712 - 4,269,334 - % 3.75% 0.79% 2,944,368 30.53 30.53 1.14 1.14 0.00 0.00 1.4500 1.45   29.20%   14.85% 31-Oct-2017 1.55 5.08 135.38 1.07 0.74% 0.00% 15-Dec-2017 1.48 4.85 129.26 1.02 0.77% 0.00%
31-Oct-2017 14-Sep-2017 31-Jul-2017 3 762,918 43,401 26,092 26,092 - 4,239,890 - % 3.42% 0.62% 2,944,368 25.91 25.91 0.89 0.89 0.00 0.00 1.4400 1.44   -22.53%   -41.47% 31-Jul-2017 1.57 6.06 177.17 1.09 0.56% 0.00% 14-Sep-2017 1.59 6.14 179.42 1.10 0.56% 0.00%
31-Oct-2017 15-Jun-2017 30-Apr-2017 2 670,018 49,977 33,681 33,681 - 4,139,263 - % 5.03% 0.81% 2,894,590 23.15 22.76 1.16 1.14 0.00 0.00 1.4300 1.41   -71.01%   -2.87% 28-Apr-2017 1.52 6.57 130.63 1.06 0.77% 0.00% 15-Jun-2017 1.65 7.13 141.80 1.15 0.71% 0.00%
31-Oct-2017 16-Mar-2017 31-Jan-2017 1 592,714 131,612 116,165 116,165 - 3,955,738 - % 19.60% 2.94% 2,785,731 21.28 20.13 4.17 3.95 0.00 0.00 1.4200 1.34   295.74%   461.97% 31-Jan-2017 1.46 6.86 35.01 1.03 2.86% 0.00% 16-Mar-2017 1.53 7.19 36.69 1.08 2.73% 0.00%
31-Oct-2016 08-Dec-2016 31-Oct-2016 4 740,988 43,393 29,354 29,354 - 3,347,811 - % 3.96% 0.88% 2,425,950 30.54 25.17 1.21 1.00 0.00 0.00 1.3800 1.14   -34.15%   49.06% 31-Oct-2016 1.36 4.45 112.40 0.99 0.89% 0.00% 08-Dec-2016 1.38 4.52 114.05 1.00 0.88% 0.00%
31-Oct-2016 27-Sep-2016 31-Jul-2016 3 727,336 66,756 44,580 44,580 - 3,255,047 - % 6.13% 1.37% 2,358,730 30.84 24.70 1.89 1.51 0.00 0.00 1.3800 1.11   28.56%   374.61% 29-Jul-2016 1.29 4.18 68.25 0.93 1.47% 0.00% 27-Sep-2016 1.28 4.15 67.72 0.93 1.48% 0.00%
31-Oct-2016 28-Jun-2016 30-Apr-2016 2 614,602 51,870 34,676 34,676 - 3,208,119 - % 5.64% 1.08% 2,358,911 26.05 20.87 1.47 1.18 0.00 0.00 1.3600 1.09   67.75%   193.69% 29-Apr-2016 1.29 4.95 87.76 0.95 1.14% 0.00% 28-Jun-2016 1.27 4.87 86.39 0.93 1.16% 0.00%
31-Oct-2016 24-Mar-2016 31-Jan-2016 1 463,511 31,163 20,671 20,671 - 3,183,809 - % 4.46% 0.65% 2,375,976 19.51 15.74 0.87 0.70 0.00 0.00 1.3400 1.08   4.97%   575.74% 29-Jan-2016 1.29 6.61 148.28 0.96 0.67% 0.00% 24-Mar-2016 1.47 7.54 168.97 1.10 0.59% 0.00%
31-Oct-2015 10-Dec-2015 31-Oct-2015 4 681,935 34,878 19,693 19,693 - 3,179,351 - % 2.89% 0.62% 2,372,650 28.74 23.16 0.83 0.67 0.00 0.00 1.3400 1.08   109.66%   1,335.35% 30-Oct-2015 1.37 4.77 165.06 1.02 0.61% 0.00% 10-Dec-2015 1.41 4.91 169.88 1.05 0.59% 0.00%
31-Oct-2015 17-Sep-2015 31-Jul-2015 3 454,277 15,733 9,393 9,393 - 3,046,997 - % 2.07% 0.31% 2,290,975 19.83 15.43 0.41 0.32 0.00 0.00 1.3300 1.03   -20.45%   - % 31-Jul-2015 1.55 7.82 378.05 1.17 0.26% 0.00% 17-Sep-2015 1.46 7.36 356.10 1.10 0.28% 0.00%
31-Oct-2015 17-Jun-2015 30-Apr-2015 2 417,822 17,670 11,807 11,807 - 1,898,087 - % 2.83% 0.62% 1,494,556 27.96 14.19 0.79 0.40 0.00 0.00 1.2700 0.64   285.98%   - % 30-Apr-2015 1.82 6.51 230.38 1.43 0.43% 0.00% 17-Jun-2015 1.47 5.26 186.08 1.16 0.54% 0.00%
31-Oct-2015 19-Mar-2015 31-Jan-2015 158,027 5,637 2,963 3,059 - 331,391 - % 1.87% 0.92% 509,833 31.00 5.37 0.60 0.10 0.00 0.00 0.6500 0.11   122.96%   - % 30-Jan-2015 2.25 7.26 375.00 3.46 0.27% 0.00% 19-Mar-2015 1.98 6.39 330.00 3.05 0.30% 0.00%
31-Oct-2014 10-Dec-2014 31-Oct-2014 36,035 2,823 1,369 1,372 - 327,755 - % 3.80% 0.42% 254,074 14.18 1.22 0.54 0.05 0.00 0.00 1.2900 0.11   79.11%   - % 31-Oct-2014 4.50 31.73 833.33 3.49 0.12% 0.00% 10-Dec-2014 3.95 27.85 731.48 3.06 0.14% 0.00%
31-Oct-2014 20-Nov-2014 30-Sep-2014 35,633 1,589 766 766 - 326,826 - % 2.15% 0.23% 255,333 13.96 1.21 0.30 0.03 0.00 0.00 1.2800 0.11   - %   2,737.04% 30-Sep-2014 4.67 33.46 1,556.67 3.65 0.06% 0.00% 20-Nov-2014 4.31 30.88 1,436.67 3.37 0.07% 0.00%
31-Oct-2014 31-Jul-2014 3 0 0 0 0 - - - % - % - % 255,151 - - 0.00 0.00 0.00 0.00 - -   - %   - % 31-Jul-2014 5.21 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Oct-2014 21-Aug-2014 30-Jun-2014 27,254 2,766 1,684 1,684 - 326,593 - % 6.18% 0.52% 255,151 10.68 0.93 0.66 0.06 0.00 0.00 1.2800 0.11   - %   -84.60% 30-Jun-2014 5.30 49.62 803.03 4.14 0.12% 0.00% 21-Aug-2014 4.84 45.31 733.33 3.78 0.14% 0.00%
31-Oct-2014 30-Apr-2014 2 0 0 0 0 - - - % - % - % 252,156 - - 0.00 0.00 0.00 0.00 - -   - %   - % 30-Apr-2014 4.56 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Oct-2014 22-May-2014 31-Mar-2014 26,853 2,944 2,572 2,572 - 320,239 - % 9.58% 0.80% 252,156 10.65 0.91 1.02 0.09 0.00 0.00 1.2700 0.11   - %   -61.46% 31-Mar-2014 4.72 44.32 462.75 3.72 0.22% 0.00% 22-May-2014 5.10 47.89 500.00 4.02 0.20% 0.00%
31-Oct-2014 31-Jan-2014 - - - - - - - % - % - % 253,870 - - - - - - - -   - %   - % 30-Jan-2014 4.42 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Sep-2014 25-Feb-2014 31-Dec-2013 1 22,620 1,970 787 787 - 322,416 - % 3.48% 0.24% 253,870 8.91 0.77 0.31 0.03 0.00 0.00 1.2700 0.11   - %   -88.13% 31-Dec-2013 3.80 42.65 1,225.81 2.99 0.08% 0.00% 25-Feb-2014 4.70 52.75 1,516.13 3.70 0.07% 0.00%
31-Oct-2013 31-Oct-2013 0 0 0 0 - 342,900 - % - % - % 270,000 - - 0.00 0.00 0.00 0.00 1.2700 0.12   - %   - % 31-Oct-2013 2.14 0.00 0.00 1.69 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Sep-2013 28-Nov-2013 30-Sep-2013 43,983 3,990 27 27 - 342,900 - % 0.06% 0.01% 270,000 16.29 1.49 0.01 0.00 0.00 0.00 1.2700 0.12   -99.75%   -99.19% 30-Sep-2013 1.94 11.91 19,400.00 1.53 0.01% 0.00% 28-Nov-2013 2.73 16.76 27,300.00 2.15 0.00% 0.00%
30-Sep-2013 29-Aug-2013 30-Jun-2013 43,965 12,509 10,935 10,935 - 318,937 - % 24.87% 3.43% 253,124 17.37 1.49 4.32 0.37 0.00 0.00 1.2600 0.11   63.84%   383.64% 28-Jun-2013 0.67 3.86 15.51 0.53 6.45% 0.00% 29-Aug-2013 0.63 3.63 14.58 0.50 6.86% 0.00%
30-Sep-2013 29-May-2013 31-Mar-2013 33,541 6,619 6,674 6,674 - 307,054 - % 19.90% 2.17% 253,764 13.22 1.14 2.63 0.23 0.00 0.00 1.2100 0.10   0.63%   1,017.92% 29-Mar-2013 0.40 3.03 15.21 0.33 6.58% 0.00% 29-May-2013 0.88 6.66 33.46 0.73 2.99% 0.00%
30-Sep-2013 27-Feb-2013 31-Dec-2012 1 34,837 6,485 6,632 6,632 - 303,755 - % 19.04% 2.18% 253,129 13.76 1.18 2.62 0.23 0.00 0.00 1.2000 0.10   98.80%   557.28% 31-Dec-2012 0.30 2.18 11.45 0.25 8.73% 0.00% 27-Feb-2013 0.31 2.25 11.83 0.26 8.45% 0.00%
30-Sep-2012 29-Nov-2012 30-Sep-2012 4 24,460 4,362 3,336 3,336 1,895 295,690 56.82% 13.64% 1.13% 252,727 9.68 0.83 1.32 0.11 0.75 0.06 1.1700 0.10   47.55%   502.41% 28-Sep-2012 0.27 2.79 20.45 0.23 4.89% 2.78% 29-Nov-2012 0.28 2.89 21.21 0.24 4.71% 2.68%
30-Sep-2012 29-Aug-2012 30-Jun-2012 3 17,452 2,231 2,261 2,261 - 299,773 - % 12.96% 0.75% 254,044 6.87 0.59 0.89 0.08 0.00 0.00 1.1800 0.10   278.73%   10,177.27% 29-Jun-2012 0.25 3.64 28.09 0.21 3.56% 0.00% 29-Aug-2012 0.30 4.37 33.71 0.25 2.97% 0.00%
30-Sep-2012 25-May-2012 31-Mar-2012 2 10,580 539 597 597 - 291,037 - % 5.64% 0.21% 248,750 4.25 0.36 0.24 0.02 0.00 0.00 1.1700 0.10   -40.83%   254.66% 30-Mar-2012 0.24 5.64 100.00 0.21 1.00% 0.00% 25-May-2012 0.27 6.35 112.50 0.23 0.89% 0.00%
30-Sep-2012 28-Feb-2012 31-Dec-2011 1 12,794 964 1,009 1,009 - 295,132 - % 7.89% 0.34% 252,249 5.07 0.43 0.40 0.03 0.00 0.00 1.1700 0.10   221.71%   213.63% 30-Dec-2011 0.25 4.93 62.50 0.21 1.60% 0.00% 28-Feb-2012 0.23 4.53 57.50 0.20 1.74% 0.00%
30-Sep-2011 25-Nov-2011 30-Sep-2011 4 10,105 -920 -829 -829 - 291,870 - % -8.20% -0.28% 251,612 4.02 0.34 -0.33 -0.03 0.00 0.00 1.1600 0.10   -3,868.18%   -18.09% 30-Sep-2011 0.24 5.98 -72.84 0.21 -1.37% 0.00% 25-Nov-2011 0.28 6.97 -84.98 0.24 -1.18% 0.00%
30-Sep-2011 29-Aug-2011 30-Jun-2011 3 15,105 -17 22 22 - 257,399 - % 0.15% 0.01% 220,000 6.87 0.51 0.01 0.00 0.00 0.00 1.1700 0.09   105.70%   144.90% 30-Jun-2011 0.28 4.08 2,800.00 0.24 0.04% 0.00% 29-Aug-2011 0.26 3.79 2,600.00 0.22 0.04% 0.00%
30-Sep-2011 27-May-2011 31-Mar-2011 2 14,392 -423 -386 -386 - 301,079 - % -2.68% -0.13% 257,333 5.59 0.49 -0.15 -0.01 0.00 0.00 1.1700 0.10   56.53%   79.77% 31-Mar-2011 0.22 3.93 -146.67 0.19 -0.68% 0.00% 27-May-2011 0.23 4.11 -153.33 0.20 -0.65% 0.00%
30-Sep-2011 31-Dec-2010 1 16,112 -936 -888 -888 - - - % -5.51% - % 253,714 6.35 0.55 -0.35 -0.03 0.00 0.00 - -   -26.50%   31.69% 30-Dec-2010 0.25 3.94 -71.43 0.00 -1.40% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Sep-2010 29-Nov-2010 30-Sep-2010 4 15,130 -1,054 -702 -702 - 300,689 - % -4.64% -0.23% 256,999 5.89 0.51 -0.28 -0.02 0.00 0.00 1.1700 0.10   -1,332.65%   75.49% 30-Sep-2010 0.19 3.23 -69.56 0.16 -1.44% 0.00% 29-Nov-2010 0.26 4.42 -95.19 0.22 -1.05% 0.00%
30-Sep-2010 25-Aug-2010 30-Jun-2010 3 22,027 -130 -49 -49 - 286,649 - % -0.22% -0.02% 245,000 8.99 0.75 -0.02 0.00 0.00 0.00 1.1700 0.10   97.43%   94.76% 30-Jun-2010 0.22 2.45 -1,100.00 0.19 -0.09% 0.00% 25-Aug-2010 0.20 2.22 -1,000.00 0.17 -0.10% 0.00%
30-Sep-2010 26-May-2010 31-Mar-2010 2 12,808 -1,949 -1,908 -1,908 - 297,647 - % -14.90% -0.64% 254,400 5.03 0.43 -0.75 -0.06 0.00 0.00 1.1700 0.10   -46.77%   34.39% 31-Mar-2010 0.20 3.97 -26.67 0.17 -3.75% 0.00% 26-May-2010 0.19 3.77 -25.33 0.16 -3.95% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  22 people like this.
 
Roger Lim Tau Kiat 以牛攻熊是卖什么的?卖课程还是tipsy佬?
14/12/2018 13:28
changccs87 https://www.facebook.com/2022306397786652/posts/2617565654927387/
16/12/2018 19:59
changccs87 今年会开始派股息了。市场不好现在便宜卖着 RM 1,明年你要都难。Tan Sri Liew 是个很不错的领导,就象当年的 Sp setia,现在是数一数二的发展商。Eco World 更强,无论 品派,销售额, 公司 市值,这五年都是普天之下无人不知,无人不晓。还有 Top 2 大马富豪, Tan Sri Quek Leng Chan, founder of Hong Leong bank, 大量入股 绿盛世国际。 有银行家股东,有EPF fund, 有地皮的出地皮让EW 发展,还有经验丰富的绿盛世团队。未来两年,RM 2 指日可待!
17/12/2018 18:06
Muarmali Still got people believe in property market??? It has died since last year.
So what are they having for this year annual dinner? Aquaman? With the sotong and crabs costume? :)))
18/12/2018 13:56
100002944014738 lol idiot stock, with 3k+ lots traded can dropped 0.070 cents
18/12/2018 16:45
hollandking wah, why dato been disposing?
18/12/2018 18:16
Muarmali yongch, I quite agree with you. TP RM0.50. :))))))
19/12/2018 08:57
tasas Malu if drop further. Directors shall support.
19/12/2018 22:45
chickenputih sui , so cheap .. i can bet on it now . praying ..
20/12/2018 10:56
investor2000 Post removed. Why?
20/12/2018 10:56
Vin Chuah so worse.shitttttt
20/12/2018 12:02
winfully co taiko likes new low everyday
20/12/2018 12:15
tasas Sounds like yongch is familiar with Ecoworld's operation, own staff or competitor! Visit their showrooms you will know how good their sales as compared with SPsetia, etc
20/12/2018 14:54
tasas Yongch talks like he is the closed competitor to Ecoworld whose business badly affected by Ecoworld.
20/12/2018 15:20
Roger Lim Tau Kiat 看到这个股价我认输了。如果换了政府我在1.4离场,全部放fd就好。不过更加可能的是,我在别的counter会输到更惨。
20/12/2018 18:21
lwlgood 持有这间公可股分的人,也许最少各有多年的经验。股价 上下正常不过,所说的 tp logic 吗?E W大吉隆坡有地房火红.有时间去看看 EW 上 下人员的幹劲,多埸工一起跑,现今正是大量交屋的时间点,应该是公司天天都有钱进来,買錯股我也服了。
21/12/2018 08:34
Muarmali hopefully got enough cash to pay salary until next year :)))
21/12/2018 09:08
commonsense Hi tasas,

I think investors are not doubting Eco World business performances. Tan Sri Liew has a track record on delivering value to shareholders. He and his management team has been able to deliver an average profit of around RM170mil to its shareholder for the past 3 FY (FY16-FY18). To deliver this type of result would require very special ability from the part of management given that the company was only set up less than 5 years ago. Just go to their website and you will see that they are way ahead of other property developers in Malaysia in terms of their marketing and branding positioning.

The only thing that worry investors is the valuation which is now around 20x PE which is a lot higher compared to other property developers (SP SETIA 11xPE, Mah Sing 7.5x PE, UEM Sunrise 10x PE, Sunway 9.6x PE etc). The only property players that is trading above the 20x valuation are Sime Property and Eco World International which both are also facing share price pressure due to perceive high valuation by investors.

That being said average analyst are expecting the company’s profit to grow to RM221 mil by FY20 an average growth rate of more than 15% for the next 2 financial years. Valuation will fall to only 12x PE which might be why some investors are still interested in the company.

Hopefully Eco World managed to deliver on the high expected profit growth in the near quarters to dispel some of the worries that investors has on its rich valuation.

If you are looking to diversify your portfolio outside of the property industry (due to the perceive weaker market outlook), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.5x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19 and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.18.

Good luck.
21/12/2018 15:25
Roger Lim Tau Kiat 对,我一进场就大调整,那时有卖掉一半亏一点,之后1.08再进,还是被套。现在均价1.345.
伤心。
21/12/2018 22:09
Roger Lim Tau Kiat 他们cash flow有问题,要押票套现???
21/12/2018 22:13
Muarmali No cash, bird also cannot fly. :)))
24/12/2018 08:50
Muarmali whole property market will consolidate - banker lingo
many developers will close shop - wet market aunty lingo :)))
24/12/2018 13:43
Muarmali Seriously, I hope that they don't need to borrow money to pay salary and bonus
28/12/2018 10:43
Muarmali https://www.freemalaysiatoday.com/category/nation/2018/12/28/property-glut-made-worse-by-high-priced-new-homes-says-real-estate-body/
28/12/2018 12:18
葉維強 我还是看好明年一线城市的销售
29/12/2018 21:20
carry not yet at its lowest... wait a bit more.. perhaps in the mid of next year will reach its lowest...
30/12/2018 12:23
Muarmali RM3 billion sales is a 100% salesman talk. :)))
31/12/2018 09:06
thek Heard news cashflow in serious concern stage... buy property at your own risk. Run sooner the better.
02/01/2019 00:24
Taigor
yongch where got bosses throw ticket? Seem like seller less? Investor buy stock becos of future ! A best company i can said!
http://youtu.be/VBZloK52RVU
02/01/2019 00:24
Muarmali I can foresee many big property developers will close shop. Many smaller one has stopped their development.The beautiful term "unbilled sales" is load of cock. :)))
02/01/2019 08:47
hollandking close shop i dont think so but i think there might be rights issue, maybe cash flow...., but some may do it for acquisition purposes
02/01/2019 09:00
hollandking if as you mentioned, going down some, so some may choose to buy up at cheap price BUT unless is cash rich, else will have rights issue
02/01/2019 09:01
Muarmali You need cash to pay the overheads, bonus (the downside of having young ciku managers with this expectation before CNY) and land acquisition.

Land price is not cheap like 10 years ago when Ah Liew could buy land below RM4 psf. Based on my calculation, any developer need to monetise the land within 2 years after MOT is done. The market is glutted with unbilled sales monsters. Any patches of land in Klang Valley that can guarantee a hot sales? NO! So, why still want to buy land?

To keep the energetic young manages, you need to provide good salary, short working hours, promotions and good bonus. Can any company provide all these goodies when the sales is lousy?
02/01/2019 09:17
Tryingtogetrich one of the fastest growing property company......... they need capital to grow..... as long as the return is more than the cost of capital ...... furthermore they r partnering ph government to offer affordable housing to first time buyer........ when nobody one, u buy.....when everyone merebut rebut , u sell to them.......property now in on a down cycle; it will come up again for sure
02/01/2019 10:06
zhen wei & JP When you have a good manager why not, I'm willing to pay even with reduced profits.

Let me tell you some stories of my day jobs, few years back when I work with a manager which undertake some medium sized project. That manager can ignore the critical issue which he face till the end of project, such demotivating character to all of it staff
So did the company treat her/he badly?

Athe company pay base on market ate rite?

Got short workings hours with high pay?

Like you say keep the energetic young managers.
Alot of charactertics and expectations need to be evaluated.

Pay when the market is good? Or not pay when the market is bad.
02/01/2019 10:22
tasas Getting lesser volume nowadays even though PE not attractive, it shows investor are accumulating this counter, possible good profit in near coming time.
02/01/2019 11:13
signalmw 华尔街日报”引述一些物业代理形容,英国楼市正进入「最黑暗时刻」,原因包括脱欧前景不明,海外买家减少和供过于求。一项针对物业代理的调查显示,三分之二人认为,脱欧是未来一年对需求影响最大的因素。

伦敦黄金地段现时的交易量是近10年来最低,只及2016年脱欧公投前好景时期的59%,楼价亦较2014年的低14%。
03/01/2019 11:07
signalmw 在公投前,英国经济前景向好,地产商大举投资地皮起楼,现时这些楼盘开始进入市场,导致供过于求。伦敦目前正兴建的住宅单位多达6.6万个,但去年第3季只售出4200个。此外,交易税也打击外国人投资英国楼市意欲。
03/01/2019 11:10
Muarmali The property market is consolidating. The rate of production is much higher than the population expansion. The government must not spend public money to bail out any company but let the market force take it own course. :)))
03/01/2019 12:09
葉維強 有政府撑腰,今年希望美好的一年
09/01/2019 05:42
Muarmali Make sure got cash to pay salary and bonus. :)))
09/01/2019 09:58
thek Can they achieve sales target for 2018? Any announcement by the company?
11/01/2019 11:38
Roger Lim Tau Kiat Another 6 million, cash flow problem?
11/01/2019 11:44
zhen wei & JP Cash out some shares to pay staff bonuses. thumbs up .
god bless
11/01/2019 22:34
shun zi 我每个礼拜都会经过那里,我是没特地进去看,可是我看到的是,都在建着中啦。我没觉得他们起到很快也没觉得起到很慢,那个地点我觉得还不错,不知道干嘛你会这样说啦。可是他现在pe16 看他最新一度eps 如果接下来还是有盈利 应该就快pe12 了 负债是高 可是一直保持盈利 负债就会低了
14/01/2019 18:48
tecpowerr Post removed. Why?
14/01/2019 21:06
tasas Agree with tecpowerr
14/01/2019 22:47
thek Tecpowerr & tasas, its not short term drop of share already for this counter, many investors are stuck in this counter since day one. Its forever drop like this. Still see no light at the end of tunnel.
15/01/2019 07:10
tasas Buy when others are worrying.
15/01/2019 14:26
葉維強 短线投资不适合这个平台。长线投资会有一道曙光
19/01/2019 13:57