ks55 u seems like dont understand what i wrote, or maybe u dont read.. but its ok...
continue with your
ks55 One acre 4 million. Work out to be 88 ringgit psf. Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf If conversion ratio 0.5, cost of land is 176 ringgit psf. That is before capitalise on interest charges, infra cost. 09/11/2019 10:11 AM
1. Father buy from son at 45 sen, need not pay for more than actual intrinsic value.
2. Mountain size debt killing all.
3. Property under Eco Brand not selling for it has priced out of market range (overprice lah)
4. Land cost extremely high. Landbank acquired at prevailing price prior to property slow down.
5. Cost for unsold units keep on adding, interest expenses, depreciation, maintenance cost for landed/ strata condo.
6. Very soon fire sale to clear stock. 5% discount, 10% discount, 15% discount, 20% discount, 25% discount, 30% discount, and finally at 45% discount fire sales.
7. Ecoworld International is another sick child. Medical fees will be unbearable.
8. Many other very well managed property counters with strong cash flow, low land cost, strong brand, trustworthy directors, good dividend pay out, low PE, low P/B. All are having much better prospect than Ecoworld. Why go for lemon when you can find orange for the same price?
The facts are : 1) making profits every quarter but no dividends. 2) share price is dipping all the way. 3) one of the best paid CEO in Malaysia . Talk so much rubbish for what ? Fact is fact. Rubbish stock is always rubbish! When you invest and get nothing back, this is call stupid investment. Can this stock limit up everyday when it move? I doubt so !
Gtrade aiyo, i check ECOWORLD annual report, property land under the company all are bought at 4-5m per acres. How the developer can make money? Who negotiate to buy at 4-5m? The land owner must be very very happy and thamk ecoworld for paying so high price. But ecoworld not a single sen pay dividend to shareholders 31/10/2019 11:07 PM
Gtrade i check ECOWORLD Annual Report for 2015. The similar land was valued at lower cost, about 30% lower. To be fair Ecoworld did not buy land at sky high price. Just that the compony revalue their land at sky high price, so NTA looks nice at 1.50. If there were to follow other property company land value, NTA should be about 70sen 01/11/2019 11:33 AM
bahai4453 The facts are : 1) making profits every quarter but no dividends. They Told yoh many times...they are new company and all projects still new..it takes time for them to reduce the debt and dividend will come soon..
2) share price is dipping all the way. share price is dipping thats why its good oppurtunity to accumulate when you see a good company is selling you cheap..
3) one of the best paid CEO in Malaysia . Talk so much rubbish for what ? Fact is fact. Rubbish stock is always rubbish! When you invest and get nothing back, this is call stupid investment. Can this stock limit up everyday when it move? I doubt so ! 10/11/2019 5:44 PM
I have no comment about this, You want to hire a Smart and Pro people, but you want to pay him Bangla salary? Bahai, u r outdated. Nowadays if you dont use win-win strategy... if you are still living at your short pant police century, throw your smartphone and dont online..because you are not belong to 2019
Ecoworld is definately strong now as Sp Setia latest sales target lower to 4.55 billion while Ecoworld two years target are 6billion. assume its 3bil per year... Ecoworld is just a 6 years old company... who is powerful going up trend and who is going down... Judge yourself...
no buy dont buy, buy liao cut loss dont buy dont enter... run run run run property crisis...use ur Little money prepare to buy at bottom... property gonna crash, rm100k 1 bungalow.. ecoworld will become 0.100 then PN17 all property die...sell sell
kikikiki.... all sorchai dream... Dream Big... hahahahahah
1. Father buy from son at 45 sen, need not pay for more than actual intrinsic value.
2. Mountain size debt killing all.
3. Property under Eco Brand not selling for it has priced out of market range (overprice lah)
4. Land cost extremely high. Landbank acquired at prevailing price prior to property slow down.
5. Cost for unsold units keep on adding, interest expenses, depreciation, maintenance cost for landed/ strata condo.
6. Very soon fire sale to clear stock. 5% discount, 10% discount, 15% discount, 20% discount, 25% discount, 30% discount, and finally at 45% discount fire sales.
7. Ecoworld International is another sick child. Medical fees will be unbearable.
8. Many other very well managed property counters with strong cash flow, low land cost, strong brand, trustworthy directors, good dividend pay out, low PE, low P/B. All are having much better prospect than Ecoworld. Why go for lemon when you can find orange for the same price?
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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....
yeochingu
1,907 posts
Posted by yeochingu > 2019-11-09 16:58 | Report Abuse
ks55 u seems like dont understand what i wrote, or maybe u dont read.. but its ok...
continue with your
ks55 One acre 4 million. Work out to be 88 ringgit psf.
Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf
If conversion ratio 0.5, cost of land is 176 ringgit psf.
That is before capitalise on interest charges, infra cost.
09/11/2019 10:11 AM