Well, I wasn't allocated any share during IPO and I'd have sold all on first listing day if I had to. The IPO was mainly fund raising to enter UK and Aus market, so pretty much expected the share price to go down after IPO. Development of any properties take around 2-3years plus planning can up to 4yrs. Due to their accounting standard....EWINT can only unlock their 'profit' after handing over....so basically like Built-then-sell concept.

For those holding since IPO, well no harm waiting for another year. You're not alone though, KWP and PNB have been selling way below IPO -30% price as well.

EWINT is laggard behind compared to ECOWORLD, in my opinion is mainly due to the floating shares. I think more than 80% of total shares are holding by IB and Company itself....hence, don't expect this stock to have a sharp rise or fall in price.

The high during 17/18 was around RM1.10, the the current CRC selling price is higher than 17/18.
Gauge yourself...

Price drops but buy rate is over 50%....what to you think?

@yttihs, would you be nice enough to ad me into the private chat room although I've 1 and only post.

@miracle7

Are you trading with margin or cash?
If you were intended to trade with margin and sell within T-2 you're not gonna make big money or probably lost.


Trade with cash, otherwise you'll get panic when IB washing out weak holder and you cut loss.
Speaking from experience.

@yttihs
that's why I said it's a conservative estimation, which is also a sure-can-get kinda figure.

"A back of envelope calculation, on a
simple average, Top Glove would need to
achieve RM866 million in net profit in
the quarter ending Aug 31 - a 149% jump
from the preceding quarter to meet market expectations."

RM866-RM776 = RM90mil / 19.5bil pcs = merely half a cent additional selling price a piece. Close one eye also know is achievable.

So we can see the QR is on par with market expectation. A good news indeed.

Hi Eden,

I'm not estimating steel/concrete for a structure which you play the high side.
For estimation on profit, you play the low side which is the safest figure and also sensible to follow, anything above is bonus to you.

I like you thinking of 1Bil PAT which I'm being wishful as I'm invested in, tool.

Take 2Q20 QR(before the covid)
Rev 1,229,700,000.00 / Quarterly Capacity 17bil (AMENDMENT)
That's about RM0.07/pcs selling price
PBT = RM130,374,000.00 / 17bil pcs = Margin/pcs = RM0.0076

sorry!

Take 2Q20 QR(before the covid)
Rev 1,229,700,000.00 / Monthly Capacity 17bil
That's about RM0.07/pcs selling price
PBT = RM130,374,000.00 / 17bil pcs = Margin/pcs = RM0.0076

With the above estimation, using the same data to work on their 3Q result
Rev 1,688,324,000.00
March = 6.09Bil pcs @ RM0.08 = RM 487,200,000.00 (ASP increased)
April = 6.15Bil pcs @ RM0.09 = RM 553,500,000.00
May = 6.45Bil pcs @ RM0.10 = RM 645,000,000.00

A Total Rev of RM1,685,700.00 (fall short of 2.6mil from actual figure with I think is acceptable)

Jun = 6.46Bil pcs @ RM0.11 = RM 710,600,000.00
Jul = 6.46Bil pcs @ RM0.12 = RM 775,200,000.00
Aug = 6.58Bil pcs @ RM0.13 = RM 855,400,000.00

Total Production = 19.5Bil pcs
An Estimated Revenue of RM 2,341,200,000.00
Minus Cost/pcs of RM0.067 (factor in some increase in raw material) otherwise base on margin 10% would be RM0.064/pcs

Cost - 19.5Bil pcs x RM0.067 = RM 1,306,500,000.00
PBT = RM 2,341,000,000.00 - RM 1,306,500,000.00 = RM 1,034,700,000.00
PAT = RM1.034Bil x 0.75 = RM776Mil

Feel free to laugh at it, and appreciate if any sifu can feel free to amend.

Many thanks.

newbie here, but I tried to calculate on their production capacity for each month, I got a rather conservation figure of Q4 PAT 770mil to 850mil with ASP increasing 10% m-o-m. Also factoring in the 10% of stock held by the US.