The Group’s unwavering focus on ideation and innovation in the conceptualisation and delivery of its projects, products and services has led to the creation of highly liveable environments within each EcoWorld Signature development. Occupancy rates for projects handed over are generally high, resulting in thriving EcoWorld communities being established in the Klang Valley, Iskandar Malaysia and Penang. Customer engagement is also strong, built and nurtured over the years through steadfast commitment to service excellence. This has established a strong platform for the launch of EcoWorld for Generations in November 2019 to communicate the Group’s ability to offer a product to suit the needs of every generation, both from a demographic and psychographic (i.e. based on shared interests, lifestyles, passions) standpoint. A new range of homes priced from RM300,000 to RM450,000 will also be introduced in 2020 to capitalise on the excellent infrastructure, built environment and comprehensive amenities within existing EcoWorld townships. This new brand will provide a greater element of choice to customers to decide how they want to live, thereby further extending and broadening the Group’s market appeal. Based on the above and other plans to be implemented in FY2020, EcoWorld Malaysia is therefore confident that it is on track to achieve the combined 2-year RM6 billion sales target set for FY2019 and FY2020. Outside Malaysia, EcoWorld International recorded RM1.123 billion sales in FY2019. The Group’s mid- mainstream products priced from GBP500 psf to GBP800 psf continued to deliver strong performance in FY2019. While the Group’s higher-end products in London were affected by Brexit-related uncertainties, there are signs that this segment of the market may have bottomed out. Property market sentiments in Sydney and Melbourne also continue to recover with various market observers reporting improved activities and positive price growth over the past several months. Given the improving market outlook, EcoWorld International is also maintaining its previously announced combined 2-year sales target of RM6 billion for FY2019 and FY2020. Its management will continue to pursue sizeable Build-to-Rent deals in the UK to achieve this sales target. EcoWorld International will also work towards delivering Wardian, West Village, Yarra One and the last residential block in London City Island in FY2020. A significant portion of its RM5.0 billion effective share of future revenue is therefore anticipated to be translated into revenue and profits in FY2020 and this provides it with strong near-term earnings visibility. EcoWorld Malaysia’s effective stake in the future revenue of its subsidiaries and joint ventures (including its 27% share of EcoWorld International’s future revenue) stands at RM5.16 billion as at 31 October 2019. This will sustain earnings growth momentum in the new financial year and help contribute towards the Group’s aim to be in a position to declare its first dividend in FY2020.
Use the profit gained from this counter to buy their house and they will make even more money and we continue to make money from their stocks...wow...good idea
Outstading result both Ecoworld + Ewint. Ecoworld is way undervalued vs Ewint, the opportunity is big... Buy more Ecoworld when price is still low. NTA 1.54, half price to buy Ecoworld now.. !!!
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....
apalumau
2,192 posts
Posted by apalumau > 2019-12-12 12:20 | Report Abuse
i still waiting for yr posts of ks 55, 7300..... leh! post lah......