Just sharing my opinion, not a buy call or sell call, remember they informed they will set aside 1.5 bil capital reduction...now only 790 mil declared as dividend, so, it means some more gonna be dispatched by this FY (if they announce right)....

set aside the cost of capital reduction, repay borrowing and some working capital...there should be still quite some left to dispatched in 2nd interim dividend...

like many suggested, if the 2nd interim dividend is 20+sen, then overall, they are giving back around 50-60 sen, which is half of the initial IPO price....

the current share price of 60-70 sen certainly in my opinion has much legs room to grow...and if we take initicial capital investement of 1.20 IPO x 2.4 bil of number of shares, the total capital could be RM 2.8 bil they have gathered, and returning 1.5 bil means they still have around 1.3 bil left with them...

JUst my opinion to share:

There should be plenty of upside room for the stock, today may goreng abit and hold back, next two weeks till x-date can expect some more gains..

When I read the report carefully, it says the remaining to be distributed in FY2023...Guys EWINT is gonna accounce 3Quarter Financial report in Sep, and 4th Quarter Financial Report will be by year end...so I would expect the 2nd INterim to be dispatched by end of the year of early next year....

@risk8888, if there is any bi-election, only possibility is from another side, they are known to jump ship...already did two times, one time jump from umno, one time jump from PH coaltion....so this is the fact...so with 32 PH, no matter how, Selangor is STABLE and SAFE till next GE/PRN.

So RISK8888, do more study, accept the fact, the unity gorment and Selangor, NSembilan, Penang will stay till next GE/PRN...same as Kelantan Kedah, Terengganu.

Status quo till next election...so best result outcome for market to response, if it does not response tomorrow, it will response by year end..

and even if they jump ship, you look at the how majority they won for PH....got chance for anotehr side to win with katak ?

PH mostly win big majority...and bi election, no chance...

how this 4 seat will letak jawatan and relection? Federal gorment is unity gorment...not another sides, so why these 4 seat letak jawatan...all katak aleady jump ship to anotehr side before GE 15, those left are those hardcore royalist...so how possible for them to jump ship...Katak are all in another side don;t you think so?

Every body know now the fed gorment gonna stay till next GE 16...so politically its stable now....market will response positively!

NO change in state govenrment, status quo, all status quo for another 4-5 years...foreign funds like this...market should response positively, if not on monday, the whole year market should response more and more positively...everthing is normalized now...

The talk on Aug change in power didn;t happen, and never will hapen until next GE 16.

So lest stay waiting for SAP to recover.

@RISK8888, how Selangor can fall???
PH itself having 32, how to fall, even in very unlikely case, UMNO jump seep, PH still has 32 out of 56, how to fall????Remember now has Anti Hopping law to prevent Katak...


So how to fall, even PH inside want to jum also cannot jump, how to fall????

Please study first before comment.

Shold be whole market hailing good the PRN outcome...we all already know greenwave...and the outcome now is much better than worst predicted...foreign fund see the the no change in state government and federal gorment, for another at least 4 years...So this is big boost for economy..

Anyone attending thier annual meeting, please request them to close shop, or return them to answer! the management CEO are answerable.

2017-2023....its already 6 years, 6 years x 5% =30 % return...2.8 bil +30%....this should be the net value of this company, anything lesser is a loser....

so here you can see RISK8888 is damn right...

next time, just becareful with TanSri LKS companies...think twice before investing in any company by this guy and his geng...

unless thier accounting has some other cash hiding on UK/Asutralia vensture, which add up more to 2.8 bil, otherwise, RISK8888 is damn right, it is a money losing company, only fat the management, every year dunno draw how much directors fees and salary.
Pity TanSri QLC....he becomes water fish for the ecoworld.

What I don't understand is the QLC owned Guoco Group, has invested so much in here since 2017 IPO time, and leave aside the annual return, now the company dunno left how much with it...so very pity QLC group...they lost in this lsoing company run by TSri LKS and the geng...so Tan Sri QLC even worst here guys

RISK888 is right, Warchest is right, most of us here are all rigt.

The fact they have taken RM 2.8 bil from all share holders, rolling over the years, leave aside the annual return, the management has done super lousy jobs...

I wonder why GLC group don't take any action on the management of this company...

However, I am also very sure everyone include RISK888 has averaged down to lower investement price, so, anything they cash out, or close shop now, for us is a happy ending.

so it only make sense for the TSRI LKS to take the price slowly up to where it belongs too...
he has to face a even bigger tycoon than him....imagine he upset the TSri GLC, than his future housing project where to take loan??

the TS LKS cannot just leave this stock like nobody stock and remain 20-30 sen++. GuocoLand has invested in there since IPO, and they cannot ignore the GLL... GLL owner is a banker, if TS LKS (the ECOWORLD owner) keep the stock price this low ...GLL will be affeccted

i think, just my own opinion, not a buy call or sell call ya, just my opinion, and you can call this my dream....the share price may sstill possibly go some higher, say to >70-80 sen++.

This is because the IPOprice were rm1.2, so they gotta make sure the share price + capital reduction gain exceeding the IPO share price rm 1.2...

Disclaimer: Personal opinion.

those who realixe the share price bottom at 20-30 sen, are normally long term investors who have inevsted since early days and therefore they keep monitoring and were able to buy back at lower price...

i believe many who invested earlier at during IPOtime, has more or less averaged down now, so its not very far compared to current price...and I think also not many just bought at 20-30 sen...coz those who keep following the share price movements, normally are those who invested since early days...we cannot be that lucky to have bought at lowest 20-30 sen only...

Good to know QLC is in charge...hope they can bring some more good news to the investors...HOpe they can slowly cash out and pay back to long term investors, nevermine 300/900/1500 mils...as much as they can... hope they materialize what they openly declare.

RISK8888 has his points, but we cannot dictate how the compnay want to push thier way forward...best is they distribute as much as they can back to investor....

i don;t agree, its a crazy idea to let them to roll for few more years waiting for recession to become over and next proerty booom....we don;t even know if recession has started or not...

i heard someone have had 6 digits unrealized gains, and after years of holding it, now losing most of his gains and at paper loss now...

so to let them to contonue to roll with the cash reserve, its crazy idea and one tusnami, the whole stock can go holland...

@patient investor, the longer we hold on in the share market, we may lose all the profit we used to have....

share market simply cannot hold too long, a very bad idea if they hold the cash reserve and continue to roll in the property....

we simply cannot predict if we are at end of this recession, or recession is not started even, i am sure we all no want our investement here get drag for at least another 5years++

think we are fine with both way, cash out all or at least cash out some...If they cash out all and payback investors, many willl be happy, somewill be ok too for thier current proposal to cash out partially...

But to let them to keep all and continue to roll...better not, the longer they roll, the higher the risk....

there are too much uncertaintly, and they should just dispatch most of their cash reserve, no doubts, they should do it...no one can tell when is next economy crisis

@warchest.....share value post adjustment...i thought the capital reduction exercise does not involve share price adjustment? they do mention in thier announcement that the capital reduction does not involve share price adjustment...

Not like dividend, as share price will adjustment... this one done through reduction of capital + reduction of share number?

I could be wrong, but i see somwhere they mention no share price adjustment?

Can correct me?

@RISK8888, you are right, two sides, those went tin around 20-30 sen, those bought IPO...two extreme...but i believe those bought 20-40 sen, they also invested at much higher price...i also beleiev those inevsted at 1.20 IPO price, they have also averaged down the way...so i think the share price of 60 sen++ is actually attractive, given thier promised pay out of at least 37.5 sen by 2023....

Disclaimer: own opinion/analysis ONLY, not a buy call or sell call.

@Risk8888, furtunately their construction not begin in COVID...if they tag the house price before COBVID, and construct the house/condo units during COVID/post COVID, then they could be in big trouble now...

But I think they are not....its thier luck they build before COVID mostly...and thier selling price cannot be too lower too, because of people recognition the impact of inflation globally...So i don;t think they sell much below market price...there isn;t that offer post COVID/russia war, due to high material costs, so i beleive they will still make good profit despite so call attactive offers to sell thier units...

Post COVID, inflation gone up too high, cannot expect much below market price property, especially in Australia and UK...

I hoope I am right

And they also realized the tough market and uncertainty ahead, therefore, they pul the brake recently and movng for capital reduction to pay off, while keeping just some for future opportunty without...

this is a good sign... as they decided to cash out and pay back share holders....and only keep some for future opprotunty....

Where this capital reduction, plus the share worth of the company , can compensate the initial IPO value, it remain to be seeen.....

And whether there is a risk or reward down the road...no one can tell for sure lah...

We just have to decide, either to sell or keep, or buy....al risk on own loh...

if you think company is not doing well, can just sell at this current price also can...since its aleady up from 20+ sen...

Disclaimer: only own analysis here, not a buy call or sell call....above serve as own opinion only

But on other hand, if i recall right, all thier properties in Australia and UK, or most of these houses/condo units they built, they done completion, or near completion before COVID/before US hike the loan interest, or before the high inflation hitting us globbaly...

In this case thier construction cost are not affected much due to COVID/inflation/high interest/....Only affected is the sale....therefore the sale is dragged on abit...

This is the possitive side

Hi @RISK8888,

there is no absolute winning formula in share investment...properties, morgages are not like before 2016 where property market is sky rocketing, these last 2-3 yearr properties badly affected plus high bond yeild, interest rated by US side and all over Europe, property market is very very tough...construction cost is super high, plus loan installment interest is also very high...

These are the risks in property stock i think

above is only my guess, we will have more facts in September/December...

they have made several announcement dividends will be at least 900 mil in 2023....if we look at the timelines---Third Q end July (report out Sep), fourth Q ends October (report out Dec)....These could be the final timelines they finally dispatch our dividends.....if they hit the jackpot, they may dispatch more than 900 mil, which means we will be getting more than 37.5 sen ...

Say if we finally get 37.5 sen...share price remain 50-60 sen...thas still a lucrative deal for those recent buyers (orther than IPO buyers), they do mention, there is no adjustment of share price,,,,,and one of the investment bank analyst keep taget price of 60+ sen....50-60 + sen and dividend of 37.5 sen...still acceptable....except for those IPO buyers....

Disclaimer: Just my own analysis, not a buy call or sell call...

I would only worry if they no keep thier promises by this year, citing different reasons to delay dividend payment...if that happen i will be worry...but so far in different announcements, they stick to thier words mentioning dividends to be paid by 2023

From the announcement--THE EDGE--

EWI aims to declare a first tranche dividend of at least RM300 million in the near term while working towards achieving the RM900 million total distribution target set for 2023.

What I understand from this statement appearing in thier Second QR report (ended April23), they will dispatch all divident in 2023! GIven THird Quarter ends in JUly (Report out in September), and Four Quarter end in October, report out in December23, we can more or less reasonably expect that the dividends should be dispatched by end of 2023, first tranch may happen in September when QR (for third Quarter) out, and the rest may happen when last QR out in December (for four Quarter)....

Just my own suggestion, not a buy call or sell call....they do mention it depends if theu hit the sale target of 1.4 bil full year

*****EWI aims to declare a first tranche dividend of at least RM300 million in the near term while working towards achieving the RM900 million total distribution target set for 2023.

KUALA LUMPUR (June 21): Eco World International Bhd posted a narrower net loss of RM4.56 million or 0.19 sen loss per share for the second quarter ended April 30, 2023 (2QFY2023) compared with RM67.35 million or 2.81 sen loss per share a year earlier.

The improvement was due to higher foreign exchange (forex) gain as the British pound strengthened against Ringgit Malaysia, higher interest income following capital contribution repayments from the UK joint ventures and lower finance costs due to the group’s progressive repayment of loans.

In the previous year's corresponding quarter, the group provided an impairment loss on the investment in its 75%-owned Ecoworld Ballymore, EWI informed Bursa Malaysia on Wednesday.

For the nine-month period ended April 30, EWI trimmed its net loss to RM35.38 million from RM82.01 million a year ago.

Compared with the immediate preceding quarter, EWI’s net loss decreased from RM30.82 million in 1QFY2023, as revenue increased from RM22.37 million.

Looking ahead, EWI said it is on track to achieve its full-year target sales of RM1.4 billion with total sales including reserves of RM918 million achieved as on May 31. It added that its focus on selling its completed stocks have generated substantial cash.

“Since turning net cash positive in 4Q FY2022, the group’s total cash, deposits and other investments have further increased to RM922 million (excluding cash held at JV entities) as on April 30, 2023. This exceeds remaining borrowings by RM652 million.

“Including the group’s effective share of net cash balances at JV entities, the group’s total net cash balance stands at RM727 million as on April 30, 2023. This is a 218% increase from the net cash (including cash at JVs) position as on Oct 31, 2022,” the group said in a statement.

EWI added that given that sales of its remaining completed stocks are the key determinant for distributions to shareholders, the group will continue to offer attractive incentive packages to buyers and maintain its marketing campaigns, as well as exploring various options including bulk offers to accelerate sales.

“These initiatives are expected to sustain the sales momentum enabling conversion of remaining stocks to cash despite the softening in real estate demand following hikes in interest rates and cost of living pressures in the UK and Australia,” it said.

EWI aims to declare a first tranche dividend of at least RM300 million in the near term while working towards achieving the RM900 million total distribution target set for 2023.

Touching on the group’s proposed capital reduction of RM1.5 billion, EWI president and CEO Datuk Teow Leong Seng said the majority of the group’s shareholders voted in favour of the exercise at the extraordinary general meeting (EGM) held on Monday (June 19).

“With the approval of our shareholders secured we expect to be able to complete our proposed capital reduction by August 2023.

“Thereafter, based on the group’s substantial net cash reserves of more than RM700 million accumulated as on April 30, 2023, we are well on track to be able to declare a first tranche dividend amounting to at least RM300 million in the near term,” he added.

EWI closed flat at 60 sen on Wednesday, valuing it at RM1.43 billion. Year-to-date, the stock has risen 50%.

Source: TheEdge - 22 Jun 2023

the profit margin of 20% should have taken into account of all those side costingss for sure...otherwise, how the industry survive?

construction biz and housing price have certainly taken into account of build cost+interest over a period of years before final sale...thas how they make profit and sustain thier biz...

the buyer needs to pay for interest of build cost during the construction before they get the key, i believe its the same else where

Today EWINT Special meeting on dividend?

GBP - RM now highest in 5 years! HOpefully the management will capaitalie this opportunty to cash out from UK/Australia.

today QR out?

say if the land bank worth 1 bil now...then overall is close to RM2.4 bil worth, then share price should be at least rm 1??? just rough guess....

really hope it goes back to rm 1++ many IPO investors stll stuck here

@ undeveloped land worth GDV RM 8 billion

Anyone know whats the market price for this land ? At least we know the worth of this company 450m + 900 mil, that 1.3 bil...and whats the market value of the land bank left to be developed, then can guess roughly company worth.

i wonder what is the fair price they will bring up, to justify the IPO investors? RM 1++???
If not, how do they pay back the GUCCO LANd?

this is bext moment for them to cash out and pay back investors, instead of investing further to develop housing project in UK/Australia, which is too uncertain as wiith high interest era/economy downtime...

its now closing in to 5.8...think with current low oil price, uncertainty in politics due to PRN coming soon....I expect MYR drop further in this coming month...
This may be the best moment for EWINT to cash out thier reserve, whatever JV earnings from UK to settle the debt and pay off the cash dividend...

@arsenal93

if 900 mil +400 mil of dividend (if they hit sale target), that will be 1.3 bil, total share number 2.4 bil (if i remember right), so this year, and next year, possible to repay BIG 50++ sen of devidend to share holders, and still having reserve for future UK projects.

So this the booster! I think, just I think, they maybe able to boost the share price back to RM 1++....

Its wonderful timing now with weakening RM -Pound. this could be the right momemt for them to cash out from UK BIZ joint venture reserve

Disclaimer: Just my opinion, not a buy call or sell call