" Ewein has adopted a dividend policy to distribute dividend of not less than RM0.035 per share annually from 1st Jan 2021 onward. " : EWEIN announcement today. Tomorrow morning Ewein sure will start with a bang again !
Ewein! The “hidden GEM” that giving 11% of dividend yield! Better than your FD and public mutual! Average price over the years is around RM0.600! Now half price because of Pandemic, after Virus gone will back to RM0.600! Capital gain will be 100%!
1) 80% of Ewein revenues comes from property development, this is not a steady stream of profit but property developers are known to be one of the most resilient industry, from time to time there is always new projects. Another 18% are from Manufacturing business, and 2% from others.
2) Ewein are founded on 2007, and its share price have only once reached RM0.32 back April 2018 and then during the pandemic which hits RM0.21, usually its price will hover around RM0.60 above
3) Ewein have a proven track record with a rising revenue and steady profit margin, Ewein posted only one loss for Q4 2017, which is only -1.3Mil, that 1 negative quarter vs 59 profitable quarter since 2008
4) Ewein has started paying dividend since 2019, and adopted a dividend policy to distribute dividend of not less than RM0.035 per share. With the current price at RM0.32 that means 11% dividend yield, probably the highest among its peers.
5) Ewein has a rising Net Tangible Assets since 2007 as well.
6) Ewein have a 26% debt ratio, which is healthy. Unlike most property developers that usually sits on worrying debt amount. Short term and long term liabilities are also exceeded by asset by a lot. A strong balance sheet indeed.
7) Ewein is at PE ratio of 7.0 currently which is very attractive. and the last few quarters they are not even making the best profit, yet the PE ratio remains low, showing they are indeed undervalued.
8) Ewein have posted both Q2 and Q3 of 2020 with profit, if that is not surprising enough, they gave hefty dividend and announced to do it consistently, this shows great confidence by them.
Conclusion -
Ewein is considered a new and small player in the industry, and thus investors are very wary to invest in Ewein, there's also political controversy regarding this company. Questions such as "will this company get a good project in the future?", "is the company sustainable?", "will they survive the pandemic?" will most likely be questioned by investors.
But it is reminded that property developers will always have plans and projects to keep the company running and the price will spike up when the project is announced, and we don't want to buy during the spike, but instead buy before the good news at this attractive low price.
Everything is better than 10 years also, revenue and profit doubled if not tripled, and there's also 11% dividend yield now, but back then the price was around RM0.60 but now its RM0.32! Double the profit but pay half the price.
So I must say that there is little to no risk here compared to the gigantic rewards. If you're reading this, you've found it, a great long term investment, double your money and enjoy the dividends while you're at it.
Glad to share what I know, after researching I'm really happy about what I found out. Unlike back in march/april which there is a lot of undervalued stocks, now its the opposite, a lot of stocks right now that's overvalued, overbought. And to find a good one like this is really rare now.
Operator tekan kuat-kuat sampai 0.355 sikit-sikit makan, boleh kumpul banyak murah mah. Sudah kenyang baru gorenglah sampai 0.90 ! Sekarang belum kenyang lagi .
Any Sifu here please tell me。 Do there any other counters with present market price below RM040 dare to adopt so confidently a dividend policy to distribute dividend of not less than RM0.035 per share annually besides EWEIN ?
This is a new dividend policy just announced. It takes time to filter down to more interested investors.
Meanwhile, mkt operator is in no hurry to push up share prices, hoping to collect more from weak holders. Will the traditional CNY rally help? Only time will tell.
Relax people, its consolidating between 0.32 - 0.35. Once its time, it will shoot up. Valuation wise, this stock is clearly undervalued, more and more people will see it, we just have to wait.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Akino Tok Tok
1,244 posts
Posted by Akino Tok Tok > 2020-11-10 21:38 | Report Abuse
唐山挖土充饥,蓝受香菇,逼得抛下一家老小,远渡重洋到旧金山挖金。但愿在不久的将来,能衣锦还乡。