"The response and support received for the launches have been tremendously positive despite the current challenging property market," said EcoWorld president and CEO Datuk Chang Khim Wah during the launch. He added that the strong turnout at all its sales galleries, days prior to the launch day was a testament to the strong brand that the property developer has built over the years.
On 25 September 2016 the Group concurrently launched 4 projects in conjunction with its Ecoworld’s Firsts Campaign. The projects launched, namely Eco Grandeur, Eco Ardence, Eco Bloom @ EcoMeadows and Eco Business Park II each feature several firsts for the Group in terms of masterplanning concepts and product design. The cumulative total value of products launched as part of the campaign was approximately RM1 billion. Indicative overall take-up achieved based on total units made available for sale is approximately 81% with more than 1,000 units taken up on launch date across the four projects. This overwhelming response received is testament to the strong confidence purchasers have in the EcoWorld brand and the Group’s ability to create enduring value for its customers through innovation, creativity and continuous improvement.
Opportunity counter. Third quarter net profit was almost five times higher at RM44.58 million, compared with the RM9.39 million it recorded a year earlier. The group attributed the higher earnings for the quarter ended July 31 (3QFY16) to higher sales from launched projects during the quarter. Revenue rose almost 60% to RM727.34 million from RM454.28 million. For the first nine months of the FY16, net profit was about four times higher at RM99.93 million, compared with RM24.26 million it netted in the same period of FY15. Revenue rose 76% to RM1.81 billion from RM1.03 billion.
Hope today can get above 10,000,000 trading volume and close at highest price. Otherwise difficult to judge the following days.......if the big shark can chg to buy mood then only have chance push the price higher. Depend our ikan bilis is too tough....
9M16 earnings of RM99.9m is above market, but within our, expectation. 10M16 sales of RM2.2b came in within expectation of local sales target. No dividends declared, as expected. Earnings estimates are maintained. Target listing of EWI is now Dec 2016. Reiterate OUTPERFORM and TP of RM1.58.
PRIVATE PLACEMENT SOMEMORE SAME AS TF AIR ASIA : PROPOSED PRIVATE PLACEMENT OF UP TO 591,066,319 NEW ORDINARY SHARES OF RM0.50 EACH IN ECO WORLD DEVELOPMENT GROUP BERHAD ("EW BERHAD"), REPRESENTING UP TO 25% OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF EW BERHAD
“We are doing this (private placement) because we want to show our commitment to AirAsia. It is very pleasing to receive overwhelming support from shareholders,” Fernandes told a press conference after its extraordinary general meeting yesterday.AA case.....in may2016 for comparison...
hmm i dont feel so good. i bought 3k shares at 1.35 today hmm everything looks outstanding but i dont think the share is going to move much honestly....zzzz we cant predict the stock market but i am just stating my opinion here by looking at the past. dont ask why i bought the share. No hate pls
Ecoworld will retrace back to 1.2X in no time. EPF is selling this counter every day. It is difficult to go up. Property sentiment is poor as well. Unless Ecoworld can give dividends like UOA Development, if not it is hard to sustain the rally
i think 1.58 is reasonable, 1.75 might need other factors to boost the market. something like bank reduced interest or cost dropped due to ringgit recover or more jobs in malaysia. short term cannot see anything yet. anyone care to share?
use 1.49 lowest TP still have > 10% gain. Furthermore IPO coming soon......all fund manager rate " overweight". Hope today can close above 1.33 to continue the up trend....
" Malaysia's largest pension fund is looking to diversify its investment portfolios in a bid to boost returns, according to Chief Executive Shahril Ridza Ridzuan. The Employees Provident Fund plans to invest more in private equity, property and infrastructure, Sharil said....."
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....
yk1188
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Posted by yk1188 > 2016-09-25 20:18 | Report Abuse
"The response and support received for the launches have been tremendously positive despite the current challenging property market," said EcoWorld president and CEO Datuk Chang Khim Wah during the launch. He added that the strong turnout at all its sales galleries, days prior to the launch day was a testament to the strong brand that the property developer has built over the years.