Ecoworld everything are very impressive but not the share price, With their reporting of profits jumping many folds from one quarter after another, I am wondering what are they going to reward thier shareholders.
Yup, revenue is come from "Sold Unit" 's build progress. Simple to say is, the Sales's build progress. of course there are other form form like land/ sub company sold or other investment activities. But bear in mind, each developer annual report will have one portion call "Development Cost" (this is the startup cost for a new development project. And the $ of development cost normally take from the profit of previous project.(earn some money from old project, then use them to margin and open new project) This is the reason why eco-world can't really show High Profit even though they had hit few year sales target. (they keep using money earn from previous project to open new project, can explain why no dividend too) But i heard this year they will lower down in new project development (can be see from they lower down sales target) and focus on deliver existing project (speed up build progress, which mean speed up profit taking/revenue increasing). if that is the case, i would say EPS should be getting higher. Anyway, just 2 cent from me, i am beginner too. We just monitor this year EPS for each quarter. If my assumption is right, by right next quarter onward, the eps will grow gradually.
Why Newspaper say "EPF" become major shareholder? It is because for each shareholder own more than 5% share, they need to submit a announcement to Bursa. EPF on and off will do sell and buy transaction, i believe they have 1 day maintain less than 5% (no longer major shareholder), then the next time they buy, it exceed 5% and trigger this announcement (become major shareholder again). I believe a lot of blogger/newspaper they didn't follow ECO's news since 2015, thus they though EPF become major shareholder based on the announcement.
Summary , sad to said that EPF had reduce a lot of their holding in ECO-world since 2015. Don't let news/blog miss leading this information.
Thanks alone, i guess coming quaryer result will hit 1 billion revenue, and net profit will double from last quarter. Since the share price like shit now , so time to top up.
short term do not expect any div, if have money they should use to expand or pay debt 1st. With a lot of project completed soon, will expect their earning to be improve. Long term is the way
i bought from rm2.06 and rm1.80 ...1.60....1.20 .....aiyo,have many eco on my hand dy...the boss wash till i bankrupt ...i too confident with tan sri :(
Ignore short term drop of the share price. Focus on the business of the company. If it was good eventually the market will confirm it through rise of Eco world share price. From my observation, they were doing everything right. For investors just need to be patient.
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propsushi
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Posted by propsushi > 2018-02-20 10:14 | Report Abuse
Continue lower, no good will be worse