QR today?

A huge jump in directors fees and remuneration.

Warchest, do you or anyone have an idea of an estimated loss for 2023?

prudentinvestor is probably right.

I don't think that interest hike of 0.25% or even 0.5% should have caused such a fall. The end effect is a reduction in net profit of only RM2700 million debt x 0.25% x 0.7 = RM4.7 million a year. This is insignificant and immaterial compared to the annual profits of 180 million in 2021.

Its also the wrong company. If you look at Ecoworld international's price, it hasn't fallen much. The slide started on the day BNM increased rates by 0.25%. I note that the fall was in relatively low volume and there were no significant high volume before that. Whatever the reason is, I hope that it will turnaround soon.

Volume is too low to accommodate a big fish like that.

WB will be worth something if the strike price is priced < RM1.20.

probably attainable only in January

if the study the report, its actually good. i deem it bullish.

sales target 2022 now 3.5 billion

2 sen dividend.

RM1 by year end is feasible

not bad results. 2 sen dividend.

Odds are the coming QR will be good.

I agree with RISK8888.

These chaps build nice houses. Let us see if they can build a share price, 1/2 sen a day.

Bursa is a sectorial play market. So whether it can reach RM1.20, 1.50, 2.00 or even 5.00 depends on whether the property sector is in favor with pundits This has never happened the past 10 years. However, personally I think RM1.00 is certainly possible though I believe Ecoworld deserves to be RM1.60 given its dynamism of management, execution of projects and track record.

2021 should be a good year. I remain optimistic.

Massive loans are only a problem if you are making losses and in a rising interest environment. Neither is happening. Liew and Co should just reject the deal. It stinks. UEMS is just printing new shares. It costs them nothing to do so. Show us the Money, nothing less.

The question of what will happen to the price if the merger fails and dies. I think bullish.

Uems can propose and Ecoworld should reject. Frankly I cannot see the reasoning for the deal.

I say no logic because it's a share swap. Directors are getting shares of a company that is not as dynamic as Ecoworld. You only need to look at uems's results. It's a different culture, different thinking, ideas etc. I would sell all I have if the deal does through. I don't understand why folks are so concerned about gearing when the money is used to buy land which does not depreciate. I think borrowing to buy land is a good option if a developer is to grow fast. I see no problems since Ecoworld is profitable. Anyway interest is at all time low and is not going up for a long time.

I see no logic for this merger, especially at this point.

Directors still own 70%. Hope they get a good deal for all.

Looks like Alex is correct. Its transacted outside the market.

Furthermore, I do not think the 77 million transaction was a buy transaction though it added to Leong's holdings. Read the disclosure.

I am not certain but I think company's have a few days grace before they are required to disclose. There are times where they do a "immediate disclosure" but that is voluntary.

The transaction date is not same as the disclosure date. The transaction could have been done over a few days and only disclosed yesterday.

I would like to think its a margin call but its a concerted sale. I wonder what the directors are up too? To apply selling pressure at such a low price when they should be buying and supporting. Whatever happened to the share buy back promised??

I think LKS will eventually pay dividends. You only have to look at SPSetia's track record. I think the priority is to pay down the loans first. Ecoworld has about RM3.5 billion worth. A few person's have alluded to its high gearing but I think this is not a problem given the current low interest rate environment. Barring any unforeseen event, the housing industry is expected to recover strongly in 2021. We may see a dividend in 2021. One must understand the directors own 70% of the shares. They too will benefit from a dividend payment. They too suffer if the share price falls.

Oct result for which company?

The industry still has not started its run, that's all.

The problem with using the translator to translate Chinese to English is all I get is unreadable gibberish.

Gloves may have run its course. Prices though high, may be range bound now.

what ever happened to the share buy back promised??

Bahai. No Laychee is absolutely correct. She said it would not go down on Monday. That was Merdeka day.....hahaha

Hahaha

I suspect we will not have long to wait.

Billions???

Requires much determination and conviction to hold given the daily no movement.

Warchest. Good analysis. Care to do one for Ecoworld Malaysia?

the thing is this guys, if you write in Chinese, many of us would not be able to understand what you are writing.

Could you please write in English.

What happened to the quarterly report??

Addy. That's new. I didn't know that local banks now only give 70% margin of advance. Thanks.

Thank you both for your comments.

I hope they don't privatise because it's a good business although the share price is really lousy.

What I fear is privatisation

The directors own slightly over 60%.