Megasteel is a blackhole.
LICB is digging its grave deeper and deeper just because WC wanted it to be.
First QR after Megasteel take over, LICB will report 500m loss before tax.
LICB is another Kinsteel in making.
Good for only 2 sen before delisting........in 3 years time.

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............

From RM 1800 a month to RM 2400 in 4 years, work out to be 8% compounded. Not bad take into consideration rate of inflation is only 1.7% yoy.
Employer already giving much more than his fair share only if govt CPI rate boleh pakai.......



https://www.thestar.com.my/news/nation/2019/11/03/are-salaries-keeping-up-with-increased-prices

https://www.thestar.com.my/news/nation/2019/11/03/malaysian-salaries-are-insufficient

No fix TP.
If volume breaks 8m,can sell staggered starting from 1.15
Sell at every 2 sen interval till 1.30
Any price higher than that, just think it is for others to make for the risk they are willing to take.......

Only so called sifu ask newbies to buy Ecoworld.
He is losing his pants all the way down.........

Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.

?????

I also say many many times, average down to 20 sen.
Its share price may stop at 30 sen.
Who knows?
Surely the chances you lose money is much less than those who buy at 65 sen, more so if they bought at 99 sen or higher.

Let them be your cushion.
If you lose money at 45 sen, or less, others already go bankrupt, especially so called sifu preaching non-stop the Rolex brand.......

I said many many times, Ecoworld at best is 45 sen.
If I buy at 45 sen, you buy at 65 sen, who is going to make money if both to sell at 60 sen years later?

So, be safe.
Buy from 45 sen downwards.
Be prepared to average down to 20 sen.

#As a developer, they claim their buyer money by stage.
Buyers pay progressive interest.
after they hand over the house to buyers, Lawyer will hold their money for 1-2 years. And after defect period end only they took the Full amount of money.(correct me If im wrong)#

Seems that somebody has not even buy a house before.
How much does he know from where the developers make their money?
How come he doesn't know so many property developers already went bankrupt?
Is Ecoworld another candidate?
I don't know.
It may, it may not.

One acre 4 million. Work out to be 88 ringgit psf.
Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf
If conversion ratio 0.5, cost of land is 176 ringgit psf.
That is before capitalise on interest charges, infra cost.

If I can find some company with land cost 5 ringgit psf, why should I go for Ecoworld with land cost 146 ringgit psf?
Selling a 2k land itself can make rm 340k, so need not bother to make from construction itself.
Cost of construction with quality finishes is about 250 ringgit psf.
With build-up area 2000 sf, cost is only 500k.
Selling and marketing at 5%, other incidences at 10%.
If I can sell at 1 million, I still make 350k per unit.

Can Ecoworld sell at 1 million, and still make profit?
By the time it break even, I already pocketed 350k profit.

So, Ecoworld is definitely not worth 65 sen.
45 sen is fair value.
20 sen is very bargain.

Up to you to calculate what is the best entry price.
Not a bad idea to take Q from the price paid by LKS, i.e. 45 sen................

一分钱，一分货
一分货想卖十分钱
Overpriced lah

Mont Kiara new condo selling at 1.2k psf, selling at 2k is definitely not good value for money.
You are too greedy to ask for something grossly overvalue, just because you think your property worth that much.

Bear in mind, it is not what you think how much your property worth.
It is the buyers who decide how much is fair market valuation they are prepared to pay based on supply-demand and quality of the product, take into consideration value of surrounding property.
Apple with apple, some apple more expensive than the others, but must be reasonable.

Already stick in Ecoworld?
No wonder by all means have to defend its price.

No worry, you can always more more.
If you are so confident, just sailang and sialang as what qqq3 did in Sindie........

You may be dead soon.
What is the likelihood you make it to 100 yr old?

I only know to make profit margin 30%, the bulk of profit come from recognition of land.
If development land is high, you will not able to profit from it, most like you will have negative profit when other cost kick in.
Only small boy need not bother how land cost affect profit margin.
I am no small boy, I only consider if land cost is low, surely Ecoworld is out.........

Since you already bought at high price, good that you keep on averaging down to 20 sen.
Give you golden opportunity to buy more, so call cost averaging mah.
If you can buy at 1 ringgit, you surely can buy more at 65 sen.
If you can buy at 60 sen, you should buy more at 40 sen.
Further buy at 30 sen.
Last buy at 20 sen.

Wish you good luck, big boss...........

So, be safe.
Buy from 45 sen downwards.
Be prepared to average down to 20 sen.

BBCC and London developments are time bombs.
When they explode, Ecoworld will burst into pieces.
How come nobody tell you that?
Suppression of information to lure newbies into this trap?

If Ecoworld is good, do you think LKS want to depress its share price by buying at 45 sen from his son?
He can buy at 99 sen, yet need not go for MO.
Just think about why 45 sen, not 99 sen.
Anyone wish to give logical explanation?

If Ecoworld bought land as cheap as when LKS bought estate land from See Hoy Chan, it would be OK.
But LKS did not buy estate land, he bought the land ready for development after he left SP Setia when property price at the highest.
Do you think he can get the land cheap?
Do you think vendors for ready-to-develop land so stupid not to ask for premium?
Do you think land bought by LKS not surrounded by cheaper land that can produce better profit margin?

Ecoworld at best is 45 sen. Why?

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

Mana punya fortune teller?
India negara miskin, sendiri tak cukup hasilan minyak masak.
U ingat India mampu beli banyak minyak masak dari negara barat?
Tak mahu impot dari Malaysia, mahu beli dari Indon?
Atau masak tanpa guna minyak?

How to sell when you place your selling price out of market range?
Do you really command premium like those in Bukit Tunku?

但是最重要的是，公司赢了面子,输了银子, 房子不能卖啊!

Ecoworld at best is 45 sen. Why?

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

Panlai cut paste.
Apa guna?
What information can you get from the above?
Substandard kindergarten work.
My cucu can do better........

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-announcements/6323605

Alternately, govt can pass law criminalise use of plastic bag, just like how to fight dangerous drugs.
Penalty may some variance, instead of going to jail, whosoever found to use plastic bags in open is liable to fine rm 1000 for first time offender, rm 5000 for subsequent offences within next 12 months.

I believe Govt of Malaysia can make billions from the fine of plastic bag abuse.

Another way to increase govt revenue is to impose plastic tax.
Tax rm 1000 per ton on plastic produced by petrol chemical plant like LCTI, Petronas Chemical, Sumitomo etc.
Tax F&N 20 sen plastic tax per PET bottle used.
Tax plastic factory 20 sen per piece, or 20 ringgit per kg.
Tax Perlis Plant, Yee Lee, Sime Darby, Felda etc etc 20 sen for each cooking oil in plastic bottle.

Surely LGE can make more money by Direct Plastic Tax and forego personal income tax if he is smart enough.

No plastic packaging is more effective way to limit use of plastic.
Tell me which commercial product is not using plastic material in one way or another?
Why so many types of plastic bottles (PET) being used indiscriminately and not charge 20 sen per bottle?
20 sen a plastic bag is simply easiest way to make money.
Every plastic bag sold, vendor can make 18 sen!

Govt should tax soft drink company 20 sen per PET bottle used at source.
Govt can also make a lot of money when clinic dispense pills in small self seal plastic beg.
LGE should make small research as how he can tax 20 sen for each packaging with plastic material, instead of cracking his head to increase revenue with SST.....

If you think you are no more fit to live in Hongkong, go to London then.
QE is your mother, she stays in London.
How come you don't know?

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........

Why 慢慢死 ?

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?

Ecoworld at best is 45 sen. Why?

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

If US govt can render support to Hongkong rioters (aka criminals or reclassified as terrorists), it should not invade Libya or Iraq for their support those who attack US homeland.

Clearly US is practicing double standard in all aspects to fit into its political agenda. What a shameful american like 5 Pence.......

Damp stupid Pence like to 'transform' Chinese govt.
Does he mean to topple present govt through Hongkong unrest?
How come he doesn't know it is Donald Duck who desperately wanted a trade deal?
Duck started trade war, and this Duck wants to end it so desperate that he prophecies outcome of trade talk before it starts.
Easy to win trade war? My foot!
China's contention is Donald Duck will never win trade war.
President Xi already launch 'Long March' against US, and everybody knows Long March was a very long hard fought campaign with a lot of sacrifices, but final outcome is bitter victory to China. Thence on, US will be derogated to tier 2 power, just like Britain now......

Set up your own CPI.
CPI varies with different age groups and different requirements.

For young people yet to get marry, entertainment/ eating out/ excursion/ overseas travel may be heavier components.

Young couples with kids will tend to have high weightage spend on kids.

Retirees will have different set of needs, especially on travelling, entertainment, health care, car replacement etc etc.

Young people should have a set of goals as how their retirement should be. Project estimated cost at the time of retirement 30 years down the road. Work out saving schedule, and give a realistic inflation rate as how much will be required at the first day of retirement.

Using official inflation rate will kill you half way through your retirement. Check with your parents (if they are staying on their own) to see actual rate of inflation based on their needs.

Do you really think inflation is at 1.1% YoY?
Do you send your car for services? How much was the charges compared with last year?
Do you go out for dinner? Increased by only 1.1%?
Have you renovate/ repair your house this year? Still the same charge?
Do you send your children for tuition? Tutors never ask you to pay more this year?
Do you send your kids to minder/ nursery? Never bother to ask how much more they charge?

All CPI is only good on book - Govt's book, not yours.
If the rate of inflation is so low, employers have the justification to give you a 2% salary increase.
If you want to plan for your retirement, and if you use govt figure, surely you are planning to fail!

GDP grow by 4.7% this year?
How come I don't feel it?
How come business is getting worse and worse?
How come I only feel inflation, not salary increment across the board?
How come so many people could not find job?

Do you believe our economy is going to improve next year?
Do you believe our CPI inflated by only 1.7% yoy?
Do you believe you will be better off next year?
Do you believe 明天会更好?

RM 671 million for sports?
OooooooMyyyyyyyyyyyyGodddddddddd OMG.... OMG..... OMG...........

Suddenly I found Malaysian Finance Minister is so rich and so generous.
Please lah, spend money prudently.

What you need to spend, you spend.
What you need not spend, please don't spend a single sen more than necessary.

Many 'Wants', how many actually 'needs'?
A lot of wishful listed not worth to have second look. Use your discretion and cow sense to make good decision.

You mean you want all foreigners to buy up all properties in Malaysia?
What the hell you need to lower entry property price for foreigners to 600k?
Has been 1 million entry price for donkey years to safeguard interest of Malaysian, and by one stroke you erase all the good effort by your predecessors to keep house price low. You should have increased entry price to 1.2 million instead of lowering it, taking into consideration inflation and earning power of foreigners in their home countries.

Is it not the govt's intention to make housing more affordable?
You have demanded developers to reduce by at least 10% last year when GST was removed.
Now with so many unsold units, surely developers will have to reduce further to make housing even more affordable.
Where is the consistency regarding National Housing Policy?
Should you not taking this opportunity to make some developers(Fly by night) bankrupt and let fire sale take its course?

Remember Perwaja?
Remember Renong?
Don't make another blunder and need tax payers to foot the bill.

If you can advice people to step down, what if other head of state advice you to step down?
What is your response?

Good move by Hongkong govt.
Next is to declare curfew every Friday and Saturday nights.

Hongkong is already dead.
Have you not seen video clips that rioters can singled out any person and attack him, irrespective how old the victim is. At least 5 video clips that went viral involving senior citizens older than 60 years old were undiscriminately and brutally attacked.

What the hell when developers trying to fulfill the aspiration of govt's effort 'Build then Sell' and 'To bring down housing prices to a more affordable level', and we still have people asking for govt's help to hike up the house prices?

Market is very fair. What goes up must come down.
Why so many people don't know?
Supply and demand ensures price dynamic equilibrium follow market environment without interference.......

Population of Malaysia 32 million
Serving Civil servant 1.7 million
Govt pensioner 812K

That is to say 2.5 million to be fed by number of workers excluding 2.5m (Govt servant + pensioner), less those students (10m), less those above 60 years old non govt pensioner (2.6m) = 16.9m

That is to say, for every 6.76 able-body irrespective whether they are working or not, have to support 1 serving govt officer or pensioner.

If you minus those drug addicts, those serving jail sentences, those OKU, those housewives, and those voluntarily unemployed, working population may be even much less.

If you want add to those retirees (above 60 years old and non govt pensioners) about 2.6 million, very likely for every worker (excluding civil servants), he would have to feed more than 3 people excluding himself.

So, it is wise not to depend on your children for financial assistance when you are old. Just let them struggle to feed themselves and their family............

Govt eat shit!
Just imagine you bought a house 30 years ago at age of 30, now you are 60 years old and retiring soon.

You may want to sell your house to supplement income from your EPF, to foot your medical bills, to settle any outstanding loan etc etc.

Let say you bought your house at 100k, after 30 years patiently pay off your housing loan, at compounded rate 6% appreciation, your house should worth around 574k (may be inclusive of subsequent renovation). Just imagine after keeping for 30 years, you still have to pay (574k-100k)x 0.05 = 24k as RPGT !

In other words, govt is killing all retirees by robbing them their hard earned and hard saving. Lim Guan Eng suppose to help elderly like his father (of course his father already very rich), but instead he is killing them financially.

Lim Guan Eng also is the person killing housing market. He forbid young people to buy smaller starter home as RPGT after 5 years will deter young couples from upgrading to a more decent home. Why should you pay for smaller starter home, only have to upgrade 6 or 7 years later when you can afford a better home?

Lim Guan Eng not fit to be Finance Minister. He is not helping Malaysian economy by pulling hind legs. He does not know when Japanese Yen is at the low, no way he should borrow Japanese Yen only to pay back when Yen moves up in next 10 years......