anyway.... ikan bilis like us can keep debating from TA or FA point of view. At the end, its all depends on BIG sharks decision to buy up or sell down EW. Lately, heavy foreign net buy on KLSE while institution kept selling non stop, once foreign start to throw.... WHO will buy back? EW seem to be one favorite counter for institution all this while.... Thus in long run, the price will shoot up for sure, in short term... like Old90 said, chart looks promising. Let's see the next few days.
High sales record high debt..cant even pay dividend lo...worst part is no more fund to take up30% son ipo share...need to right issue new share lower share price begging cash from share holders lo......they r playing wz fire tat's why price never up...
yongch, do you think you are smarter than Tan Sri Liew Kee Sin? Your view is short, think of future(more project incoming/EWI listing). It requires time to gain. Price never up? Are you kidding or having somnambulism? From 1.290 UP until 1.510 and surely more upside in the coming future.
Eco World set to hit RM4bil sales target Developer eyes RM4.5bil in 2017 with launch of new phases
SHAH ALAM: Eco World Development Group Bhd is optimistic of achieving its RM4bil sales target this year and hopes to increase this to RM4.5bil in 2017.
Source : MIDF ECOWLD (TP : 1.880) "Sales to pick up from 2QFY16 onwards" - 1QFY16 earnings broadly within expectation - Revenue grew by 192%yoy to RM463.5m - Sales to pick up from 2QFY16 onwards - Maintain BUY with Target Price of RM1.88 http://klse.i3investor.com/servlets/ptres/35277.jsp
No money to develop...need share50% wz MITSi...worst even son IPO 30%also need right issue to buy in...those buy in surely kena trap lo...no wonder price won Up lo....went to bbcc only few booking for office launch...malu lo....tp1.10 ok la...
Eco world is tightened with land assets purchased n got little cash to develop unless it can unlock the landed assets to give impetus to the property development ; not only concentrating on expensive n overvalued asset but more on affordable assets to cater for the masses not the filthy rich only! In this way u r helping the majority to own houses not the foreigners only!
Ecoworld also got build affordable houses, affordable house for sure less marketing ma.
ESTABLISHED developer Eco World Development Group Berhad (Eco World) has launched its first range of affordable homes in Eco Majestic, Semenyih under the state government’s Rumah SelangorKu initiative.
The three 11-storey apartment blocks on a 4.42ha freehold plot in Precinct 4 of Eco Majestic will see 870 units, priced at RM100,000, with a built-up of 750sq ft being constructed in the area.
For your info(The One @ warrior) : A low P/E ratio doesn’t automatically mean a stock is undervalued, just like a high P/E ratio doesn’t necessarily mean it is overvalued.
U must have faith that Ecowrd's projects will still be selling like hot cakes despite the current market sentiment and Bankers will approve all their property buyers' loan....
Yes Murali.... We believed that.... in long run, EW is going to be something BIG. That's for sure with LKS leading the group. I know this man since he started SPSETIA with just a Dato title.
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....
Old90
686 posts
Posted by Old90 > 2016-03-24 16:15 | Report Abuse
Expect more upside to come, Maintain BUY.
QR 2016/01/31 = Revenue : 463,511 / Earn : 20,671 / EPS : 0.87.