Posted by ks55 > Jul 8, 2019 7:56 PM | Report Abuse X

Rule of Thumb, PN17 good for 2 sen or so.
Even though tomorrow can be 10 sen, towards the end it will be 0.5 sen before delisted........

https://klse.i3investor.com/servlets/stk/annqtyres/5657.jsp

Latest QR lagi teruk.
Everyday low as what Tesco marketing slogan.
Tomorrow will be lower still.
Very soon will be like Giant close down half the stalls.
Finally like Hankyu totally disappear from Malaysia.

PHB Annual Rpt 2019
Read carefully Auditors' Report. Any red flag to chase you away?
Too high risk to have so many red flags raised by the Auditors.
Up to you to digest as to the future of this 怕胜

http://www.bursamalaysia.com/market/listed-companies/company-announcem...

怕胜慢慢死?

Siapa cakap Parkson Malaysia tak mati?
Jika tak mati pun hanya tiggal separuh nyawa sahaja.
Mati enggan hidup segan.

Parkson Malaysia going to close shop.
How come you don't know?
Still think PRA going to make money?

Still kicking non stop.
Why?

Why this Ah Gu only see tree, not forest?

Ah Gu says Ecoworld is very strong, very big company because every big town and city has housing projects. Ecoworld has how many and how many millions in cash and inventories. And LKS keep on building more and more houses.
Is it true Ecoworld so invincible?
No!
These fellas only see tree instead of forest.
These fellas only see cash Ecoworld has instead of its massive borrowing.
These fellas only see LKS building more and more houses, but do not know more and more jouses cannot sell.

What else can I say?
Ah Gu is not better than many idiots promising heaven and earth in this forum.
Ah Gu is nobody. Just ask if he still has any cash left?
If he still has money, he should be very happy to buy more and more Ecoworld when it come down to 45 sen, or better still if it is 20 sen.

Why is he cursing everyone with adverse opinion on Ecoworld?
Surely he must have run out of money to buy more.
Surely he has lost most of his money.
Surely he must have stuck all his fortune in Ecoworld.

If I have promoted GKent, why I never posted anything in GKent forum?
He is welcome to counter and talk bad about GKent in that forum.
Sadly to say, he has no balls to post anything bad about GKent there.
Shame on you Ah Gu!
When you cannot rebutt others, you just choose easy way out by attacking with vulgar words.

I have no time for Ah Gu!
When did I ever mention this fella with his user ID?
First time ever I use this pseudo name Ah Gu instead of yeochingu.
See the difference?
I address to general public instead of directing to a particular character.............

Why Ah Gu only see tree not forest?
Take a helicopter ride.
Have a helicopter view.
Otherwise you will be lost in no where...

All his money already stuck in this counter.
So he cannot tolerate others to have opposite view.
If you sing along with him, you are Ah Gu's best friend.
Otherwise you are his foe.......

You know how much Ah Gu paid for his Ecoworld?
If you already know it, you will not be surprised why die-die he has to defend Ecoworld.
Any further downside will prompt him to commit suicide.......

Buy Ecoworld cheap.
Don't buy when it is overpriced.
LKS bought at 45 sen.
Why should you buy at higher price?
He bought controlling stake at 45 sen, you buy at 65 sen but not even have your voice heard.

Where is your right of being heard?
No voice heard, better buy at same price as LKS.......

Posted by ks55 > Apr 29, 2019 10:23 PM | Report Abuse X

Q1 makes 2.46 sen. Annualized is 9.84 sen.
PE 10, fair price 98.5 sen.
PE 15, fair price is 148 sen.
PE 20, fair price 197 sen.
PE 25, fair price 246 sen.

So what do you pick? PE 15? PE 25?

If you take into consideration dividend 17 sen.
Times cover? Negative man!
Not prudent way to pay out more than what you earn!
Not sustainable.

Crude oil is on the way up.
Unless can get better selling price, profit margin will squezze further.
Play safe, buy at PE 12 to 15.
You may see PE deteriorate next quarter............

All his money already stuck in this counter.
So he cannot tolerate others to have opposite view.
If you sing along with him, you are Ah Gu's best friend.
Otherwise you are his foe.......

You know how much Ah Gu paid for his Ecoworld?
If you already know it, you will not be surprised why die-die he has to defend Ecoworld.
Any further downside will prompt him to commit suicide........

Buy Ecoworld cheap.
Don't buy when it is overpriced.
LKS bought at 45 sen.
Why should you buy at higher price?
He bought controlling stake at 45 sen, you buy at 65 sen but not even have your voice heard.

Where is your right of being heard?
No voice heard, better buy at same price as LKS.......

Why Ah Gu only see tree not forest?
Take a helicopter ride.
Have a helicopter view.
Otherwise you will be lost in no where...........

Why this Ah Gu only see tree, not forest?

Ah Gu says Ecoworld is very strong, very big company because every big town and city has housing projects. Ecoworld has how many and how many millions in cash and inventories. And LKS keep on building more and more houses.
Is it true Ecoworld so invincible?
No!
These fellas only see tree instead of forest.
These fellas only see cash Ecoworld has instead of its massive borrowing.
These fellas only see LKS building more and more houses, but do not know more and more jouses cannot sell.

What else can I say?
Ah Gu is not better than many idiots promising heaven and earth in this forum.
Ah Gu is nobody. Just ask if he still has any cash left?
If he still has money, he should be very happy to buy more and more Ecoworld when it come down to 45 sen, or better still if it is 20 sen.

Why is he cursing everyone with adverse opinion on Ecoworld?
Surely he must have run out of money to buy more.
Surely he has lost most of his money.
Surely he must have stuck all his fortune in Ecoworld.

If I have promoted GKent, why I never posted anything in GKent forum?
He is welcome to counter and talk bad about GKent in that forum.
Sadly to say, he has no balls to post anything bad about GKent there.
Shame on you Ah Gu!
When you cannot rebutt others, you just choose easy way out by attacking with vulgar words.

I have no time for Ah Gu!
When did I ever mention this fella with his user ID?
First time ever I use this pseudo name Ah Gu instead of yeochingu.
See the difference?
I address to general public instead of directing to a particular character.............

Ecoworld at best is 45 sen. Why?

1. Father buy from son at 45 sen, need not pay for more than actual intrinsic value.

2. Mountain size debt killing all.

3. Property under Eco Brand not selling for it has priced out of market range (overprice lah)

4. Land cost extremely high. Landbank acquired at prevailing price prior to property slow down.

5. Cost for unsold units keep on adding, interest expenses, depreciation, maintenance cost for landed/ strata condo.

6. Very soon fire sale to clear stock. 5% discount, 10% discount, 15% discount, 20% discount, 25% discount, 30% discount, and finally at 45% discount fire sales.

7. Ecoworld International is another sick child. Medical fees will be unbearable.

8. Many other very well managed property counters with strong cash flow, low land cost, strong brand, trustworthy directors, good dividend pay out, low PE, low P/B. All are having much better prospect than Ecoworld. Why go for lemon when you can find orange for the same price?

Why this Ah Gu only see tree, not forest?

Ah Gu says Ecoworld is very strong, very big company because every big town and city has housing projects. Ecoworld has how many and how many millions in cash and inventories. And LKS keep on building more and more houses.
Is it true Ecoworld so invincible?
No!
These fellas only see tree instead of forest.
These fellas only see cash Ecoworld has instead of its massive borrowing.
These fellas only see LKS building more and more houses, but do not know more and more jouses cannot sell.

What else can I say?
Ah Gu is not better than many idiots promising heaven and earth in this forum.
Ah Gu is nobody. Just ask if he still has any cash left?
If he still has money, he should be very happy to buy more and more Ecoworld when it come down to 45 sen, or better still if it is 20 sen.

Why is he cursing everyone with adverse opinion on Ecoworld?
Surely he must have run out of money to buy more.
Surely he has lost most of his money.
Surely he must have stuck all his fortune in Ecoworld.

If I have promoted GKent, why I never posted anything in GKent forum?
He is welcome to counter and talk bad about GKent in that forum.
Sadly to say, he has no balls to post anything bad about GKent there.
Shame on you Ah Gu!
When you cannot rebutt others, you just choose easy way out by attacking with vulgar words.

I have no time for Ah Gu!
When did I ever mention this fella with his user ID?
First time ever I use this pseudo name Ah Gu instead of yeochingu.
See the difference?
I address to general public instead of directing to a particular character.............

Well said.
Ah Gu seems to fit into that Guru's shoes, only thing nobody want to follow him.
So he keep on abusing others.

Is Ah Gu really so good?
Why he keep on promoting Ecoworld?
There must be a reason behind.

Why this Ah Gu only see tree, not forest?

Many people say Parkson is very strong, very big company because every big town and city has Parkson stall. Parkson has how many and how many millions in cash and inventories. And WC keep on opening more stalls in every new mall.
Is it true Parkson so invincible?
No!
These fellas only see tree instead of forest.
These fellas only see cash Parkson has instead of its massive borrowing.
These fellas only see WC opening new stalls, but do not know more stalls already closed down.

What else can I say?
Ah Gu is not better than those idiots promising heaven and earth in Parkson forum.
Ah Gu is nobody. Just ask if he still has any cash left?
If he still has money, he should be very happy to buy more and more Ecoworld when it come down to 45 sen, or better still if it is 20 sen.

Why is he cursing everyone with adverse opinion on Ecoworld?
Surely he must have run out of money to buy more.
Surely he has lost most of his money.
Surely he must have stuck all his fortune in Ecoworld.

If I have promoted GKent, he is welcome to counter and talk bad about GKent in that forum.
Sadly to say, he has no balls to post anything bad about GKent there.
Shame on you Ah Gu!
When you cannot rebutt others, you just choose easy way out by attacking with vulgar words.

I have no time for Ah Gu!
When did I ever mention this fella with his user ID?
First time ever I use this pseudo name Ah Gu instead of yeochingu.
See the difference?
I address to general public instead of directing to a particular character.............

Ah Gu choose to use abusive and derogatory terminology on others.
Must be a big bully in school.

What academic qualification he has?
What profession is he in?

He is not a professional lah.
He is just a punter in stock market.
He may commit suicide just like the one KYY posted IC in the forum......

IOIP is lucky as Tan Sri bought the land very very cheap.
So even it is offering massive discount, company is still making money.

Can Ecoworld make any money if LKS gives 25% discount?
Ecoworld is not so lucky as LKS bought the land very very expensive!
Better make diligence analysis before buying at 65 sen.
To have short cut, just use LKS bench mark 45 sen as he had asked his accountants to make due diligence before put up this price to be fair to his son, and to himself.........

IOIP offers up to 14% discount, 4% referral, 2 years free maintenance, free lawyer fees for S&P and Bank LoanAgreement, free stamp duties on MOT and bank loan agreement, all added up to almost 25-30% less from S&P price.
Still think its properties in Malaysia still selling?

IOIP is much stronger financially.
You think Ecoworld can match?
If not, mountain size debt definitely will force it to sell at 30 to 35% discount, or just wait for fire sale at 45% in next 2 years..........

Ecoworld at best is 45 sen. Why?

1. Father buy from son at 45 sen, need not pay for more than actual intrinsic value.

2. Mountain size debt killing all.

3. Property under Eco Brand not selling for it has priced out of market range (overprice lah)

4. Land cost extremely high. Landbank acquired at prevailing price prior to property slow down.

5. Cost for unsold units keep on adding, interest expenses, depreciation, maintenance cost for landed/ strata condo.

6. Very soon fire sale to clear stock. 5% discount, 10% discount, 15% discount, 20% discount, 25% discount, 30% discount, and finally at 45% discount fire sales.

7. Ecoworld International is another sick child. Medical fees will be unbearable.

8. Many other very well managed property counters with strong cash flow, low land cost, strong brand, trustworthy directors, good dividend pay out, low PE, low P/B. All are having much better prospect than Ecoworld. Why go for lemon when you can find orange for the same price?

IOIP is lucky as Tan Sri bought the land very very cheap.
So even it is offering massive discount, company is still making money.

IOIP offers up to 14% discount, 4% referral, 2 years free maintenance, lawyer fees, stamp duties on MOT and bank loan, all added up to almost 25-30% less from S&P price.
Still think its properties in Malaysia still selling?

Why Ecoworld will come down to 45 sen very soon?
Drifting downwards mah.
You know what are the characteristics of a drifting stock?
Engine malfunction, nothing to stop it.
You know Newton's Law of Inertia?

Ecoworld at best is 45 sen. Why?

1. Father buy from son at 45 sen, need not pay for more than actual intrinsic value.

2. Mountain size debt killing all.

3. Property under Eco Brand not selling for it has priced out of market range (overprice lah)

4. Land cost extremely high. Landbank acquired at prevailing price prior to property slow down.

5. Cost for unsold units keep on adding, interest expenses, depreciation, maintenance cost for landed/ strata condo.

6. Very soon fire sale to clear stock. 5% discount, 10% discount, 15% discount, 20% discount, 25% discount, 30% discount, and finally at 45% discount fire sales.

7. Ecoworld International is another sick child. Medical fees will be unbearable.

8. Many other very well managed property counters with strong cash flow, low land cost, strong brand, trustworthy directors, good dividend pay out, low PE, low P/B. All are having much better prospect than Ecoworld. Why go for lemon when you can find orange for the same price?

https://kopiandproperty.com/2019/10/20/when-the-property-market-crashes/

kopitiam is absolutely correct as what is happening to Hongkong economy right now.
You lost your job, for how long you can survive with mortgage that take up to 50% of your income every month?

But in the case of property market in Malaysia, unless you are punter trying to flip (with DBIS) and now you are to pay full installment, very likely genuine buyers should be able to service their loan obligation.

What we are talking now is for those Big Head Developers with mountain size bank borrowings, can they keep on holding their completed houses with no sales?
That is the reason some developers already offer 20 to 30% discount right at the moment.
By next year, some may offer up to 40% before become insolvent.

Quote:
Many property developers are giving 20 to 30% discount to clear inventories. This is particularly true for developers having high gearing so as to ease cash flow problem.

Is it the case for Ecoworld?
What is annual sales compared with borrowings and trade payable?
Is the 'profit' generated sufficient to pay off interest charges?
I have no idea.
I prefer to leave them to those already heavily stuck punters to provide us with the answer.

Aiyoyo....
How come still not send to Tg Rambutan?

Why?
Drifting downwards mah.
You know what are the characteristics of a drifting stock?
Engine malfunction, nothing to stop it.
You know Newton's Law of Inertia?

To 45 sen for sure

該關門打狗了！

杀无赦

瓮里抓乌龟

Just need one punch to know out cockroaches

Ecoworld at best is 45 sen. Why?

1. Father buy from son at 45 sen, need not pay for more than actual intrinsic value.

2. Mountain size debt killing all.

3. Property under Eco Brand not selling for it has priced out of market range (overprice lah)

4. Land cost extremely high. Landbank acquired at prevailing price prior to property slow down.

5. Cost for unsold units keep on adding, interest expenses, depreciation, maintenance cost for landed/ strata condo.

6. Very soon fire sale to clear stock. 5% discount, 10% discount, 15% discount, 20% discount, 25% discount, 30% discount, and finally at 45% discount fire sales.

7. Ecoworld International is another sick child. Medical fees will be unbearable.

8. Many other very well managed property counters with strong cash flow, low land cost, strong brand, trustworthy directors, good dividend pay out, low PE, low P/B. All are having much better prospect than Ecoworld. Why go for lemon when you can find orange for the same price?

And still moving south?
傻傻

My reasons for Ecoworld share price performance.
Listed down one by one.

Don't just see tree instead of forest.
见树不见林

If Ecoworld is so good, why its share price is at record low?

coworld at best is 45 sen. Why?

1. Father buy from son at 45 sen, need not pay for more than actual intrinsic value.

2. Mountain size debt killing all.

3. Property under Eco Brand not selling for it has priced out of market range (overprice lah)

4. Land cost extremely high. Landbank acquired at prevailing price prior to property slow down.

5. Cost for unsold units keep on adding, interest expenses, depreciation, maintenance cost for landed/ strata condo.

6. Very soon fire sale to clear stock. 5% discount, 10% discount, 15% discount, 20% discount, 25% discount, 30% discount, and finally at 45% discount fire sales.

7. Ecoworld International is another sick child. Medical fees will be unbearable.

8. Many other very well managed property counters with strong cash flow, low land cost, strong brand, trustworthy directors, good dividend pay out, low PE, low P/B. All are having much better prospect than Ecoworld. Why go for lemon when you can find orange for the same price?

Tg Rambutan candidate!

Why Ecoworld is fairly priced at 65 sen?
I see no answer to that question.

If you resort to vulgar words in this forum, I suggest you just leave for good........

Put in points form why you say Ecoworld is good buy at 65 sen.
Need not use words like Siang Kah Lan, unless you look like a Dick Head.

Ecoworld land cost is extremely high.
Find out yourself how much they pay for BBCC land.
Find out how much they pay for any other land for township developments.
Then compare with land cost held by peers in the neighbourhood.
You will find out Ecoworld will not be in same starting point but already a handicap to others.

Blog: How to overcome losses and move on.

Oct 13, 2018 4:14 PM | Report Abuse

Blog: Govt proposes panel to monitor cost components of houses

Oct 11, 2018 10:34 PM | Report Abuse

Can someone enlighten us how does a housing developer determine selling price of :
1. Condo
2. Terrace house
3. Low cost flat/ PR1MA

I am no expert in housing, but try to figure out composition of each component:

1. Terrace house (for every 100k)
1.1 Cost of house sold (60k)
1.2 Contribution to School reserve, Field and playgroud, Police Station, Bomba, Road reserve etc (6k) -- Assuming conversion rate 65%
1.3 Contribution to Bumi Quota with 7% discount, Low cost housing and PR1MA (6k)
1.4 Road, drainage, street light and other infra (3k)
1.5 Sales and marketing (3k)

Gross Profit is 100k - 60k -6k -6k -3k -3k = 22k
So, if you sell a million dollar house, gross profit is 220k (mostly contributed by profit from land cost).

Of course, you will have to give more discount under present weak market sentiment.
Some developers give up to 15% or more (Understood MK Land gives up to 20% discount).
Then you will just have 7% gross profit.
What about interest expenses during construction period?
What about interest expenses after houses already completed but not yet sold?
What about HQ expenses?

Surely looking at the numbers, most developers will be losing money, unless the land cost is low.

How to make sure houses selling cheap, and developers still make decent profit?
Only way is to removed items stated in para 1.3, that will save up to 6%.


For Condo and high-rise apartment, land cost component normally take up around 15%.
Only problem is the developers tend to overpay for the land.
So they will have to build 30 or 40 storey high-rise.
That will take them 4 years to build before they can deliver VP to buyers.
In between, if sales not good, they will receive less progress payment, and paying 4 years bank interest is enough to kill fly-by-night developers like Jaks Resources.
Many such developers will prefer to abandon the project like Plaza Rakyat, for they could not afford to pay LAD.

As how to reduce selling price for the high-rise, better leave it to the authority to work it out.
If the authority concerned is so dumb, learn the trick from S'pore HDB......

If already got stuck in Ecoworld, buy more to average down your holding cost.

Given you all the opportunity for cost averaging, buy more till your last pence.

Must still have the capacity to go for last mile at 20 sen........