Permas

Permas | Joined since 2017-11-07

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2019-02-28 20:35 | Report Abuse

For City of Dream (Phase 1), the total progress claim they had made so far is at around 150m, I guess. The whole project is worth 800m, so the balance is 650m to be complete in 2019. Probably the progress claim will be spread for the next 4 or 5 quarters !!!!

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2019-02-28 20:26 | Report Abuse

At current market conditions, margin for a good property developer is at most about 10%
For Ewein is at 24.1% overall (the margin for Ewein's property sector is more, probably close to 30%) , which mean they are one of the best.

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2019-02-28 19:18 | Report Abuse

Excellent results for the year 2018.
Revenue for the 2018 was 204.24million (compared to 93.823million in 2017), i.e. revenue is 217% compared to last year
Net profit for the 2018 was 49.25million (compared to 13.167million in 2017), i.e net profit is 374% compared to last year
QR4 results is comparable to QR2, net profit is less because tax provision is more (6.581m in QR4, compared to 3.683m in QR2)
The fluctuation in revenue and net profit is probably due to delay in progress claim, so probably should look at it by average the two quarters.
Prospect for 2019 will be excellent as they will complete the construction of City of Dream (Phase 1) in 2019, hence more progress claim or revenue from their property development.

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2019-02-27 11:18 | Report Abuse

On COD, a luxury sea-front development overlooking Gurney Drive, Ewe said the take-up rate was more than 80%

Construction has reached 15th floor and we are targeting to hand over the units end of this year

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2019-02-24 18:26 | Report Abuse

Expect 2018 to be a very good year for Ewein:
Revenue to be 200+% compare to last year, Net Profit to be 400+%, Net Profit Margin at 25%
Best of all, FY 2019 will be even better than 2018