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2 weeks ago | Report Abuse

Tiger wan to fly higher, catch it


2022-10-21 17:07 | Report Abuse



2022-05-23 14:30 | Report Abuse

KUALA LUMPUR (May 23): highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Monday (May 23). One stock displayed positive momentum, while eight showed negative momentum.

The stock with positive momentum was:

Sapura Energy Bhd— up two sen at nine sen

The stocks with negative momentum were:

Ajiya Bhd — up three sen at RM1.19

CAB Cakaran Corporation Bhd — up two sen at 55 sen

Gas Malaysia Bhd — down nine sen at RM3.01

Global Oriental Bhd — up 4.5 sen at 28 sen

KNM Group Bhd — down 0.5 sen at 19.5 sen

Malaysia Marine and Heavy Engineering Holdings Bhd — up 1.5 sen at 43 sen

MPHB Capital Bhd — down 8 sen at RM1.49

Padini Holdings Bhd — up 0.4 sen at RM3.49

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.

This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher-than-normal volume and price movements.

The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.

However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.


2022-05-06 19:35 | Report Abuse

KUALA LUMPUR: Evergreen Fibreboard Bhd is well-positioned to weather near-term headwinds, driven mainly by adverse weather and global macro events, Hong Leong Investment Bank Bhd (HLIB) said.

The bank-backed research firm said this was due to the wood-based manufacturer's well-integrated operations and its diversified production bases.

While the company has noted some tightness in log supply in Malaysia due to the longer than usual wet season since the end of 2021, which caused two major floods, it has diversified into using mixed tropical wood and wood chips instead of solely using rubberwood to help alleviate the shortage in rubberwood log supply.

HLIB Research said this had helped Evergreen to maintain near-full utilisation of its particleboard (PB) and ready-to-assemble (RTA) plants except for the medium density fibreboard (MDF) plant due to log supply shortage.

"We are not overly concerned about this as these challenges are not structural or permanent in nature.

"Overall, the company is still riding on a positive momentum driven by recovering demand in the panel board and furniture market," it said in a note.

Meanwhile, HLIB Research said Evergreen was also in the midst of installing solar panels across three of its major Malaysian plants.

"The structure for installing these solar panels is 'zero capex' whereby Evergreen does not incur any cash outflows.

"The solar panel operators entirely bear the installation and maintenance costs.

"Evergreen only pays a fixed tariff for the next 25 years at a substantially lower rate than Tenaga Nasional Bhd's standard tariff, thus resulting in cost savings for the company," it added.

HLIB Research has maintained its 'Buy' call on Evergreen with an unchanged target price of 94 sen.


2022-04-18 14:59 | Report Abuse

Resume trading at 3.30pm


2022-04-18 14:15 | Report Abuse

KUALA LUMPUR: Caely Holdings Bhd has announced that the authorities have frozen the operations of all the bank accounts of its group of companies.

It said in a bourse filing that it expects an impact on the financial and operational aspects of the group, although it is unable to ascertain the extent of the impact at this juncture.

"The Board is not aware of any wrongdoing and will seek further clarification from the authorities on the issue.

"The Company will make the necessary announcements to Bursa as and when there are further developments on the matter," it said.

Before the midday break, shares in Caely were last traded up one sen or 2.17% at 47 sen.

Its warrants were up 0.5 sen or 3.7% to 14 sen a unit.


2022-03-24 20:30 | Report Abuse

KUALA LUMPUR (March 24): The Malaysian Anti-Corruption Commission (MACC) officer who recorded the final statement of the late Ewein Bhd founder Datuk Ewe Swee Kheng agreed with Lim Guan Eng's defence in court that there are contradictions in the statement he recorded by hand with the businessman compared with Ewe's prior statements.

There are a total of six statements recorded from Ewe before he plunged to his death in the early hours of the morning from his condominium in Penang last Oct 5.

Four of them were recorded by Superintendent Muhammad Nazree Mansor, one of which is the final controversial one that Nazree took down by hand. The remaining two were recorded by another MACC officer.

Nazree, the 15th prosecution witness in Lim's undersea tunnel graft trial, initially disagreed with Lim's lead counsel Gobind Singh Deo that there were contradictions in the statements when he was quizzed on the matter and shown Ewe's previous statements.

However, as the senior lawyer highlighted the contradictions one by one, Nazree eventually agreed there were differences. At times, he said he had no knowledge of it when a perceived contradiction was pointed out to him.

Officer agrees Ewe's claim that Lim 'no longer untouchable' is illogical
One of the points raised by the defence to which Nazree agreed did not make sense was how Ewe had, according to Nazree's hand-written statement, described Lim as “no longer untouchable” because of the collapse of the Pakatan Harapan (PH) government, which the late businessman had cited as one of the reasons he was allegedly willing to give the additional statement.

Nazree agreed with Gobind that this was 'tak masuk akal' (illogical) because Ewe's final statement had been recorded on Aug 14, 2021, while the PH government had already fallen much earlier — in February 2020. Ewe's first statement to the MACC, given on July 3, 2021, was also after the PH government collapsed.

Below is part of their exchange:

Gobind: In the five statements recorded before Aug 14, [do you agree that] the witness had given evidence which is in contradiction with the one that you recorded on Aug 14?

Nazree: I disagree.

Gobind: Can you see that in Ewe's previous statements, he had mentioned that he got to know about the purported land that he wanted [to develop] from one Datuk Lee Chee Hoe, while in your handwritten statement he said he saw the said property from his house?

Nazree: I disagree.

Gobind: In Ewe's statement recorded in July 2021, he denied dealing with Lee or Consortium Zenith BUCG Sdn Bhd (CZBUCG) director Datuk Zarul Ahmad Mohd Zulkifli for the land?

Nazree: I agree.

Gobind: In that statement, Ewe agreed that [neither] Lim nor his wife had bought any house or property in the City of Dream project?

Nazree: Agree.

In the handwritten statement, Ewe said he wanted to offer units from the condominium he planned to build on the said land to Lim or his wife, if he obtained the plot.

The defence was questioning why Ewe did not relate in the handwritten statement that he had met several deputy public prosecutors earlier, to which Nazree said he could not comment as he had earlier been recording the statement of another witness.

Ewe's final statement was taken when MACC officers from the headquarters in Putrajaya went to Penang last August to meet him and several other witnesses. Ewe reportedly went to meet the MACC officers at 10am on Aug 14, but his statement was only recorded at 3pm.

Nazree also said he had taken down Ewe's final statement by hand as he had left his laptop at the hotel.

“However, procedurally I do not see any problems with recording the statement by hand,” Nazree further said during his cross-examination by Gobind.

It should be noted that Nazree had, in his court testimony just a day before, said he travelled from Putrajaya to Penang with several other MACC officers to meet Ewe in the state MACC office, and that they had not brought a laptop.

He also said he could not access any computer or laptop in the Penang MACC office as it was not a working day in the state when he met with Ewe on Aug 14, 2021, which was a Saturday.

Meanwhile, Nazree, in his Thursday testimony, further said he did not use the video recording room to record Ewe's final statement as he had to ask permission from the MACC security to do that.

“As Ewe is a witness, I decided to use one of the interrogation rooms,” he replied when Gobind asked him why the video recording room was not used.

Before the day's hearing ended with Nazree, Gobind told Sessions judge Azura Alwi that the defence was considering filing an application to call Nazree back due to his inconsistent testimony.

Lim's graft trial will continue before Sessions Court judge Azura Alwi on April 1.

Read also:
Late Ewein founder said Guan Eng no longer ‘untouchable’ after collapse of PH govt


2022-03-16 19:05 | Report Abuse

Eco World International Bhd president & CEO Datuk Teow Leong Seng

KUALA LUMPUR: Eco World International Bhd (EcoWorld International) achieved sales of RM685mil in the first quarter ended Jan 31, 2022, 68% higher than the sales recorded in the same period a year ago.

The developer also has a strong reservation pipeline of RM393mil - total sales including reserves as at Feb 28 adds up to a total of RM1.077bil.

It said Embassy Gardens and London City Island were the biggest contributors to sales, generating

RM240mil and RM229mil sales respectively based on contracts exchanged.

“EcoWorld International had a good start to FY22 as the attractive incentive packages being offered to customers led to a resurgence in buying interest, particularly for our London City Island and Embassy Gardens projects.

“Local demand in Australia has also been recovering steadily which contributed to the RM685mil sales secured in the first four months of this financial year,” president and CEO Datuk Teow Leong Seng said in the statement.

In the first quarter to Jan 31, 2022, EcoWorld International posted a net loss of RM14.66mil on revenue of RM49.24mil.

The gross and net gearing levels of the group remain low at 0.29 times and 0.21 times respectively as borrowings have been significantly pared down following the completion of major projects in London, Sydney and Melbourne, it said.

Teow said its projects in Australia are fully completed and its major projects in London under the EcoWorld-Ballymore joint venture are very close to achieving full completion.

“The impact of an inflationary environment could therefore favour us as our selling prices stand to benefit from rising property prices while our costs on the completed and near-completed projects are largely shielded from inflationary pressure,” he said.

“We do however acknowledge the uncertain market environment caused by rising geopolitical tensions – against such a backdrop the strategic decision we made at the end of 2021 to accelerate cash recoupment via the sale of our completed units, remains very sound,” Teow said.

He added that it continued to see good interest from investors, both institutional and retail, for its projects in both the UK and Australia.

“This includes several large offers which we are currently assessing. Should we decide to proceed with these offers, our plans to repatriate the capital which we have invested in our completed projects could be accelerated,” he said.

Teow said that it remained the Board’s intention to sell the remaining units in the EcoWorld-Ballymore and Australian projects in the next two to three years with a key goal of making further distributions to shareholders after setting aside a portion of the capital recouped from these completed projects to be reinvested for future growth.


2022-02-24 16:42 | Report Abuse

Invest wrong oil counter.


2021-12-15 18:46 | Report Abuse

Wah, why QR so good


2021-12-10 08:12 | Report Abuse

Jump to the other counter


2021-10-24 17:22 | Report Abuse

It will pay div 1st, after tat bonus issue at next year 1st quarter.


2021-10-21 18:57 | Report Abuse

Yea, bonus coming


2021-10-18 14:14 | Report Abuse

Wednesday hv game


2021-10-12 08:14 | Report Abuse

Round for ewint now!


2021-10-05 13:40 | Report Abuse

So, guys keep or sell?


2021-09-15 17:52 | Report Abuse

Waiting QR, should be good


2021-09-09 10:43 | Report Abuse

Ewein 的业绩还没出,我认为要等业绩出才做决定要不要买或卖。


2021-09-03 08:10 | Report Abuse

When perdana will become next knm? Waiting...


2021-09-03 08:08 | Report Abuse

I think late qr maybe got good news. Hold on


2021-09-02 08:21 | Report Abuse

KUALA LUMPUR (July 16): The Penang state executive council led by former chief minister Lim Guan Eng in 2014 had approved the transfer of ownership of the two lands connected to the Penang undersea tunnel project to two third-party companies, in return for the work that has been done by Consortium Zenith BUCG Sdn Bhd, the Sessions Court heard today.

According to former Penang executive councillor Lim Hock Seng, who testified today as the third prosecution witness in the graft trial of Guan Eng, Consortium Zenith BUCG reserved the right under the preliminary agreement with the state government to nominate the two companies, Ewein Zenith Sdn Bhd and Zenith Urban Development Sdn Bhd, as owners of the land.

"The state council agreed to the verification and approved the application for ownership of the lands," Hock Seng told the court today.

On Oct 6, 2013, a preliminary agreement was signed between the state government and Consortium Zenith BUCG for the construction of an undersea tunnel and three road expansion packages, known as the Penang Major Roads & Third Link Project.

Hock Seng said after the feasibility study and preliminary detail design work for the three main roads was done by the consortium, they claimed payment from the state government.

The cost for the feasibility study and preliminary detail design work was quoted at RM305.00 million. According to Hock Seng, the price was determined by Consortium Zenith BUCG through a request for proposal (RFP) process, and is part of the total cost of the project, amounting to RM6.34 billion.

The first parcel is a 2.3855-acre piece of land in Bandar Tanjung Pinang worth RM135.09 million, while the second one is another two-acre parcel in the same area worth RM73.67 million.

The transfer of these two plots of lands form the basis of the third and fourth charges against Guan Eng, who is accused of misappropriating the lands belonging to the Penang government and giving them to the developers.

Besides that, in this trial, Guan Eng also faces another two charges under the MACC Act 2009, the first of which is the offence of using his position as then chief minister to solicit gratification to help Consortium Zenith Construction secure the tunnel project. He is alleged to have sought 10% of the profit to be made by the company's senior executive director Datuk Zarul Ahmad Mohd Zulkifli.

Under the second charge read to him in the Butterworth Sessions Court, Guan Eng is accused of using his position as then chief minister to receive RM3.3 million in gratification for himself, as an inducement for helping the company secure the project valued at RM6.3 billion.

Guan Eng has pleaded not guilty to all four charges. The trial before Sessions Court judge Azura Alwi continues on Aug 16.


2021-08-23 08:24 | Report Abuse

QR will release this week, good or bad?


2021-08-19 17:34 | Report Abuse

Close 0.05, good starting


2021-07-23 12:38 | Report Abuse

Uptrend is coming


2021-07-23 12:37 | Report Abuse

Just received dividend. Thanks ewint


2021-07-15 08:14 | Report Abuse





























2021-06-23 15:17 | Report Abuse

go go go


2021-06-21 12:33 | Report Abuse

Is it coming?


2021-05-28 19:50 | Report Abuse

Ex date 9.9.21, Payment date 27.9.21, today announce.


2021-05-28 19:06 | Report Abuse

Dividend EX date 9.9.21


2021-05-26 17:17 | Report Abuse

In a statement, Ni Hsin said the partnership will see BlackBixon retailing its drinks at various onshore and offshore oil and gas (O&G) locations owned by members of KTP.

KUALA LUMPUR: Ni Hsin Resources Bhd’s food and beverage arm, Blackbixon Sdn Bhd, has signed a brand partnership agreement with Koperasi Tenaga dan Petroliam Bhd (KTP) to grow the market for the BlackBixon energy coffee drink.

In a statement, Ni Hsin said the partnership will see BlackBixon retailing its drinks at various onshore and offshore oil and gas (O&G) locations owned by members of KTP.

KTP is a cooperative for entrepreneurs in the O&G industry.

“This agreement will not only benefit BlackBixon through having more locations to distribute the energy coffee drink but also benefits members of the cooperative, who will have another source of income through their participation in the BlackBixon business, ” Ni Hsin said.

BlackBixon represents the first venture by Ni Hsin into the F&B industry, with other plans in the pipeline to grow the business regionally, given the heightened interest in energy drinks combined with the coffee-drinking culture of today.

BlackBixon recently appointed Red One Network Sdn Bhd, a mobile virtual network operator, to market and retail BlackBixon coffee to its 1.2 million subscribers.


2021-05-24 12:52 | Report Abuse










今年已购买2块新地段,5月4日在文良港购5英亩地段,准备释放6亿1800万令吉发展值;今年第三季料将推展M Astra产业,分3房与4房、面积介于850与1030平方英尺,从39万9000令吉起跳。

今年3月18日,该集团在雪邦附近的沙叻丁宜,购置100英亩土地,准备第四季推出M Senyum双层排屋,20英尺乘以60、65或70英尺的空间,价格从44万令吉起跳。


2021-05-19 09:47 | Report Abuse

Rachelte, just download klse screener, there have many info.


2021-05-13 14:59 | Report Abuse

In its latest annual report, the group said it will invest in new equipment to enhance efficiency and competitiveness. “Farm improvement and expansion are always the most important agenda as they represent the core business of the group."

PETALING JAYA: Poultry company Teo Seng Capital Bhd expects to stage an improved performance in 2021, supported by its efforts to enhance efficiency across its businesses.

In its latest annual report, the group said it will invest in new equipment to enhance efficiency and competitiveness.

“Farm improvement and expansion are always the most important agenda as they represent the core business of the group.

“Our farms are all (equipped with) closed-house systems and the All-In-All-Out (AIAO) layer farming management system.

“Both systems have better hygienic and safety standards to contribute higher production efficiency, ” it said.

In addition, Teo Seng said it will continue to invest in waste management facilities along with the expansion of its production capacity.

The investment into waste management facilities would allow the group to mitigate any negative risks from its operations on the environment, human resource, workplace, social and community.

“We continue to pursue opportunities to increase our presence overseas and sourcing right partners to enter into new markets and capturing more market share in existing domestic and overseas markets by promoting our brand.

“Last but not least, the management embarks on investment into downstream business as part of our business pillars.

“The board of directors is confident to face the challenges by taking proactive actions to widen its customer base through e-commerce, retune its business direction and mitigate the possible risk impact on Covid-19 pandemic.” stated the group.

Moving forward, Teo Seng pointed out that the poultry farming industry may face consolidation, given the uncertain operating conditions and market challenges arising from the Covid-19


Many players in the supply chain have been suspending their expansion plans in the aftermath of the pandemic, according to the group.

“Those local farmers who lack competitive advantages may opt to phase out from the market, defer or cancel their expansion plans.

“Thus, we will be prudent to manage our financial resources, operational costs and capital expenditure requirements for the purpose of improving efficiency across the whole organisation, eventually to gain competitive advantages and continue to be integrated and sustainable in this industry, ” it said.


2021-05-12 18:50 | Report Abuse

FURNITURE manufacturer Jaycorp Bhd is one of the companies that are thriving in the Covid-19 economy. Tightening international border controls and a ban on interstate travel in response to the pandemic have led to a reversal in the company’s fortunes as people spend more time in their homes and money on home furniture products.

Backed by strong orders, the company is confident of beating its previous earnings record of RM24.69 million achieved in its financial year ended July 31, 2017 (FY2017). In fact, Jaycorp’s net profit of RM22.45 million for 1HFY2021 has exceeded that for the past three financial years (FY2020-FY2018) of RM17.4 million, RM19.82 million and RM10.29 million respectively.

Its executive director Muaz Jema Anton Khan expects the company to report its “best-ever year” as earnings have improved substantially amid the Covid-19 stay-at-home orders.

“The local market has been good because of the pandemic. [That’s because] a large chunk of disposable income now goes to home furnishings instead of being used for travelling, as people are stuck at home. This is very different from pre-pandemic,” Muaz tells The Edge.

Still, the Covid-19 outbreak had initially impacted Jaycorp’s earnings when the first Movement Control Order (MCO) was imposed in March last year, forcing the company to temporarily shut down operations. As a result, Jaycorp saw its net profit fall 12.2% to RM17.4 million in FY2020 from RM19.82 million in FY2019, while revenue was down 3.9% to RM309.35 million from RM321.95 million in the same period.

The weaker performance in FY2020 was also because of its kiln-drying segment posting a pre-tax loss of RM3.39 million versus the pre-tax profit of RM339,000 in FY2019 as a result of a write-down of inventories in the Malaysian subsidiary and a provision for employee benefits and tax penalty expenses in the Indonesian subsidiary.

Muaz explains that it was quite difficult for Jaycorp’s customers to physically look at its products or new models given the lockdown, adding that its major markets are Japan and South Korea.

“Customers generally want to come to the factory and see our products, particularly the new models. But we’ve adapted by having a digital showroom now. The pandemic has actually shown us that we need to modernise our operations.

“As such, we’ve become much more proficient in delivering our value proposition online even though some of our factories are quite remote,” he says.

The company also works closely with its customers in terms of product development. “We’re always trying to go up the value chain … trying to do higher-margin products and also looking at what is selling, as well as the market trends. At the same time, we will also try new designs and see how that works,” he adds.

Last month, Jaycorp had to halt operations at two of its factories in Johor for 10 days for sanitisation purposes as some of its employees tested positive for Covid-19. Muaz, however, says the temporary shutdown will not have any material impact on the company’s financial performance. “There will only be a delay (in orders), but I think we will be able to catch up quite quickly.”

While orders and queries from customers are robust, Muaz says it is difficult to gauge whether the trend will last until after the pandemic. “For instance, my consumption of delivery food has increased a lot, but once we come out of the pandemic, am I going to stop ordering food? No, I actually think I would probably order slightly more than I did before the lockdown because we already have that sort of behaviour ingrained in us.

“So, I don’t think there will be a massive drop (in sales), but it is hard to say.”

Expanding manufacturing capacity on the cards
While Muaz notes that Jaycorp is open to taking new orders, the manufacturing capacity of its furniture division is already running at over 90%. Thus, it is “quite difficult” now to take on new customers that have substantial volume orders, he says.

“We are always looking at expanding our capacity, but I think, given the current situation, the priority is shifting towards automation.

“Traditionally, the manufacturing business has been quite labour-intensive, so we are looking at new technologies that could essentially reduce the manpower,” says Muaz.

Jaycorp has set aside RM5 million to RM6 million in capital expenditure (capex) mainly for the purchase of new machines, which will be funded via 70% internal funds and 30% borrowings.

As at Jan 31, 2021, Jaycorp had a cash balance of RM52.57 million and borrowings of RM27.42 million, leading to a net cash position of RM25.15 million.

Muaz says the company will be cautious about spending as the uncertainty will linger for some time. “We are open to any merger and acquisition for our furniture division, but it will depend on the valuation and what capability the (acquisition target) can bring to the group.”

Setting a dividend policy
Despite not having a dividend policy, Jaycorp has been consistently pay


2021-05-05 20:24 | Report Abuse

What news?


2021-04-27 14:05 | Report Abuse











超越国界 买家热烈的回响






振翅翱翔 手套需求持续稳健







欢迎浏览官网 获取更多详情。



2021-04-22 14:30 | Report Abuse

Which is correct? 10 cent or pn17? Hahaha..


2021-04-21 18:36 | Report Abuse



2021-03-26 19:45 | Report Abuse

KUALA LUMPUR (March 26): Velesto Energy Bhd has secured a US$8 million (RM33.17 million) contract from ConocoPhilips Sarawak Ltd and ConocoPhilips Sarawak Oil Ltd for the provision of jack-up drilling services.

The group said the project, named NAGA 7, entails the drilling of up to three wells, with work tentatively scheduled to start in the first half of 2021.

“NAGA 7 is a premium independent-leg cantilever jack-up rig that has a drilling depth capability of 30,000 feet and has a rated operating water depth of 375 feet,” Velesto said in a filing with Bursa Malaysia.

Barring any unforeseen circumstances, the group said the contract is expected to contribute positively to its earnings and net assets during the financial period ending Dec 31, 2021.

Shares of Velesto ended five sen or 2.94% higher at 17.5 sen, valuing the oil and gas company at RM1.44 billion.


2021-03-26 06:21 | Report Abuse









2021-03-25 19:40 | Report Abuse

KUALA LUMPUR (March 25): Eco World International Bhd’s (EWI) net profit jumped by more than 10-fold to RM56.03 million for the first quarter ended Jan 31, 2021, from RM5.19 million a year ago, thanks mainly to profit recognition of the group’s Melbourne project.

Quarterly revenue swelled to RM303.28 million from RM51,000, EWI’s filing to Bursa Malaysia showed.

The group declared an interim dividend of one sen, to be paid on April 28. This is EWI's maiden dividend since its listing in 2017.

EWI said the higher profit was mainly due to the commencement of revenue and profit recognition of Yarra One, following progressive handover of units sold to customers and higher share of results in joint ventures.

The increase in profit was partly offset by the impairment of goodwill in relation to EWI’s investment in a United Kingdom joint venture and West Village project totalling RM9.31 million in the first quarter, it said.

EWI said it delivered RM408 million sales in the first four months of the current financial year.

Sales in the first quarter totalled RM312 million, slightly in excess of RM100 million a month, which is similar to the rate recorded in the previous first quarter.

“The consistency of sales, notwithstanding a third national lockdown imposed in the UK since December 2020, is very encouraging. It clearly demonstrates London’s status as a global city with continued strong overseas demand experienced by our London projects,” said EWI.

“Recovering local demand in Australia also contributed to the positive sales results achieved by the group,” it added.

Going forward, EWI is hopeful that property market conditions in the UK and Australia will improve in the coming quarters following the mass rollout of vaccination programmes against Covid-19.

With regard to construction, EWI said the first build-to-rent residential block of Barking Wharf was completed in November 2020 and handed over.

As work on sites was permitted throughout the recent UK lockdown period, the group is also on track to hand over the three remaining blocks in stages within the current financial year.

Based on current construction programmes, the group also expects the handover of apartment units in Millbrook Park Phase 2 and Embassy Gardens Block A03 to commence in the second half of the year.

“These completions will not only allow revenue recognition but also generate significant cash flows for the group,” it said.

EWI’s share price closed unchanged at 55 sen, valuing the group at RM1.32 billion.