Market no longer reacting to its sales targets and sales + reserves secured. RM2b, RM2.2b as these do not necessarily translate into profitability. Something that management need to focus is not only be a strong resources allocator but finding ways to expand its margins

As the Company is entering into 2nd phase and replenishment of its landbank, it would be better that the Company restrategise its business. Of course they have track record but now they need to figure on how to make money for the shareholders as RM2.4b of equity has been invested since 2017

Like what I calculated net net cash should be 80 cents once the JV entities repaid the amounts owing. 50% distribution and remaining for landbank acquisition, we can still expect a dividends of 40 cents, well above the current share price and we still own the company. Actually payment of dividends is bad for growth companies as less money invested to compound growth. But so far not in the case of EWINT. So far landbank mostly exhausted as most of the projects at tail-end. However, the issue is with this company is whether is outright sales or BTR project, its projects only have thin margins after taking into account holding costs and extra incentives. It cause doubt either the industry itself is too competitive for the management to handle or they are having issue in cost control. That's why the silver lining now for redistribution of dividends and why is taking 1-2 years as the pound now is weakening badly against RM, so is not a wise decision

As they stucked at RM1.20

So actually buying at current price is a good deal but for IPO investors a bad investment

Actually still a silver lining, 80 cents net net cash after settlements of amount owing by JVs. Assuming half of its will be distributed within 1-2 years, you can expect dividends of at least 40 cents

Any questions and concerns about its business, financials and even issues, please address to its Investor Relations at ewi@ecoworldinternational.com

Is already more than 5 years since its IPO, all the projects at the tail-end but somehow the management team of EWINT is not capable of delivery value and returns for the RM2.4b capital invested by the shareholders. Somehow the projects delivered are vanity in nature but not profitable

Awang is bad for the business. See Serba, Minetec and Aimflex before his departure. But we always welcome Mr Chuah that will turn Aimflex to greater heights. 16 cents is IPO price and base. Many more upside from thereon

Is very undervalued based on potential distribution to the shareholders in 1-2 years but many projects in the UK and Aus for the last years at its best were breakeven or thin margins after adjusting for holding cost s. They need to be selective on the projects on looming recession, high interest rates from 0.25-1.75%, high building material costs and tapering demand. The irony is somehow their Malaysian sister company actually have much better margins than Ewint. Is time for Ewint to restrategise to concentrate on SEA market as the UK and Australia markets have proved too competitive and complicated for the management team to handle

Shareholders funds: RM2.5b
Amount owing by JVs: RM2.1b
Net borrowings: RM551m (borrowings) - RM337m (cash and bank balances) = RM214m

Net net cash once settlement by JVs is RM1.9b is around 80 cents to be distributed as dividends and land bank replenishment.

Revenue is only recognised for its Australian's entities as they are wholly-owned. As for the UK's entities, EWINT captures as share of profits from its JV entities. The sales of RM2b for 9-month including reserves and will not be captured as revenue till the projects have been handover

For its to recover its IPO value is highly unlikely as the management is too laid-back and not competence enough to ride the Group out of its crises. But at least it doesn't need to bear the elevated construction costs for its projects as most of them already at the tail-end. Now is about cash preservation and distribution back to the shareholders which is much higher than its current share price

The only saving grace is the cash and bank balances that yet to be repatriated by the JV companies, namely EW Ballymoore and London that can compensate to the shareholders losses

Supposed to be a good company but suffered many blows including Brexit, Covid and now the UK's looming recession and persistently double-digit inflation. The Company has a good vision and business model but somehow the management team is not able to capitalise swiftly. Even the planned repatriation now suffers a bit blow with pound now at its weakest against USD since 1985. A bit disappointed with its management team ability to swiftly and agile manner to manage the risks in the business

Awang is gone means that selling pressure is gone. Now is only on the elevation mode

Less an opposition fraction, Pentamaster 2.0 in the making. Multibagger soon. Either 1x, 2x ....

https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3291585

Just need to break 14. But upside is intact with good volume

Yeah right shareholders, management team and strategies is gonna propel it to new high

Around 110m shares left to be sold by Awang. Maybe he is raising fund for forthcoming GE. It will range bound between this level till his stake exhausted.

Nice, for the time, money and efforts that he put in. He definitely wants to make this a multibagger

As Awang is a major stumbling block to the success of Aimflex. Disintegration of culture for many years. Aimflex just needs a good resources allocator and capacity builder

Now just need to exhaust Awang remaining holding of around 80m shares

Penny stocks in Bursa at 12 cents but with a business that can generate RM4m of profit per quarter and is growing. Cash flow generated for 6-month is almost RM9m with RM70m of net cash or 4 cents per share. And they are exploring few proposals including alliances and M&As that could be a big catalyst. And Awang is leaving which is a good news to Aimflex, leaving the Company with capable minds and talents. With righ strategies and focused management team, it could become a multi-bagger

Just wait to earn big. See the latest quarterly results and its fortress balance sheet, you will know what I'm saying. Numbers don't lie

Since Chua of Penta into this Company, it has shown tremendous improvement in topline and bottomline. And he brought in many credible investors into the Company. In the hindsight, Awang is a parasite of Aimflex and since his entry, the business of Aimflex was at downfall and linked to Serba Dinamik's fiasco till Mr Chua took over. And he appointed inexperienced girl of 20's as the Executive Director with high pay. As at 2/9, Awang still owned 142m shares and the last 2 days volume is at 70m. Maybe need to wait till next week for Awang to sell off his stake. I believe once sell down is done, is time for Aimflex to slow head to its all time high, underpinned by its record earnings

It could be a decent company if not because of its incompetent management team. Hope they could stop the bleeding investment business. In fact the lesser they do the better; be it into new ventures or investor relations activities. More efforts should be focused on its existing businesses

Next AGM, to propose for all the Executive Directors and management team to get 50-70% pay cuts. They are lucky that the power plants in Vietnam were built by its Chinese partner, with RM120m profit after taxes per annum, else is going to become another failure. The lesser they do the better for the shareholders, as they need less money from the shareholders. No wonded they cannot attract institutional investors to this Company

Gone case. Worst performing healthcare company in Bursa. Revenue RM7m, loss of RM7m. Billion RM China project is kind of dodgy as till now it haven't contributed positively to its financial results

First quarterly loss since listing. Revenue decreased more than 1/3 or RM100m. Is it the start of its downturn?

It won't go bankrupt. They already incurred most of the installation and land acquisition costs. Even with 25% degradation, they are still cash flow positive for 20-25 years. And with contribution from Vietnam's power plants, they are still good and able to pare down their debt. The issues with this Company are just management incompetency in resource allocation to existing businesses, acquisition of new businesses and cut the unprofitable businesses

Investing into JAKS as good as investing into sunset business with management that no nuts about resource allocation to existing businesses, acquisition of new businesses and exiting into unprofitable businesses. The more it expands, the more losses it incurs. They expect doing the same things over and over again and getting different results. But they are wrong. Something wrong about the management business acumen

Whatever the business or venture by JAKS now turns into Midas Touch, nope Sadim Touch i.e. ruin everything that he touches

Now the share price back to its level before the start of uptrend. KYY was right to question about the integrity and acumen of Ang. Definitely lacking of them

And they work hard on its investor relations activities but somehow its just vanity as people see the results. The results were bad

They are too aggressive at the wrong time. Political turbulence in Myanmar coupled with rising raw material prices and now the government of Myanmar imposing capital restrictions to curb its weakening currency. This is supported through debt loading of syndicated loan amounting of US$48.4m, with rising interest rate dimimishes their returns in Myanmar

OCK secured US$48.4 syndicated loan for Myanmar. It will have impact on its ability to repay this loan

https://www.channelnewsasia.com/business/myanmar-orders-companies-banks-suspend-foreign-loan-repayments-reports-2815201

The answers they gave to to the questions raised during the AGM were too general, ambiguous, not precise and concise. Meaning their investor relations and CFO are not capable and brilliant minded to take this role. They treat the retail investors they are mum-and-pop investors

Give it sometime. Daud is the past and during his reign, the Company performed below the baseline, with appointment of few directors that are inexperienced in this industry. Collectively, Ewe (former MD and major shareholder of Pentamaster) would make a difference in this Company. They are scrapping dividend policy to concentrate on growth. Just wait till the completion of proposed subscription of shares to Ewe, Luster, Chin Hin' heir to judge its performance

Eco World International Berhad - Eighth Annual General Meeting ("AGM") on 24th March 2022 @ 10.30 am

Not easy to turnaround this underperformance elephant, when it was surrounded with many warlords, heirs and heiresses

https://www.thevibes.com/articles/business/56661/abdul-jalil-disposes-of-15-mil-shares-in-bcorp

Gone case on Monday. Back to the same old underperforming conglomerate under the helm of Tan's Dynasty

Negative developments affecting Myanmar, its biggeest contributor of EBITDA. Even Petronas pulled out from Myanmar. Be careful of write-off on its investment in Myanmar

Company is not growing, political crisis in Myanmar its bigger contributor of EBITDA, didn't benefit much from JENDELA, major shareholder is selling, weakening balance sheet and waning interest in this Company

To go to RM1.50 is an arduos journey but to me is good enough if it can be half of it

Don't worry about the critics. At current level nothing to lose. Every dog has its day

If Awang is leaving and replaced by technocrat in this industry, that is a major boost to Aimflex

IRIS Corporation Berhad (the “Company”) wishes to announce that on the 3 January 2022, the Company’s wholly-owned subsidiary namely IRIS Information Technology Systems Sdn Bhd (“IITS”) has received an Application for an Interim Injunction dated 27 December 2021 (“Application”), which is fixed for hearing on the 26 January 2022 at the High Court of Malaya. The Application was filed by S5 Systems Sdn Bhd (“S5”), a company incorporated in Malaysia. S5 is seeking:

IITS be injuncted from engaging third parties/ subcontractors for a specified scope; and
any third party / subcontractors already appointed by IITS be terminated / halted for a specified scope.
The Company has appointed a legal firm to represent its interests. The Company firmly believes that the Application is frivolous and without merit and the Company will vigorously contest the Application and take the necessary actions to protect our rights and that of our stakeholders.



The announcement is dated 4 January 2021.