Posted by ks55 > 2019-12-17 10:38 | Report Abuse

Ecoworld is on its way to 65 sen, thence heading to 45 sen in 2 years time.
That was the price LKS paid for his controlling stake!

Posted by apalumau > 2019-12-17 10:39 | Report Abuse

@raja. 每个人都看好七毛，那我就69排一点点啦！raja, 要不要来支持一支骨一点？？

Posted by yflawrence > 2019-12-17 10:42 | Report Abuse

This week is really good timing to collect this counter as it just breaking up from ground floor and cross the MA and pull back. Drop more so I can collect more.

Posted by apalumau > 2019-12-17 10:56 | Report Abuse

@raja. 我假假想买，排远远啦，不是等下公司职员又说我们天天在这样里车大炮，阻碍大家买货！哈哈哈！

Posted by apalumau > 2019-12-17 11:02 | Report Abuse

以前年轻工作时，有次被某某同事投诉，原因是影响别人的工作情绪！小弟怕怕！

Posted by apalumau > 2019-12-17 11:10 | Report Abuse

@raja. 在贱世待久的朋友们，都是死猪不怕滚水烫的，都死了那么多，就再死多点吧！贱世敢死队万岁万万岁嘛！哈哈哈.......

Posted by yeochingu > 2019-12-17 11:27 | Report Abuse

你们两只老鸟准备好飞飞就对了

Posted by Tan Frank > 2019-12-17 11:29 | Report Abuse

恐怕已倦鸟归巢

Posted by yeochingu > 2019-12-17 11:37 | Report Abuse

Tan Frank 恐怕已倦鸟归巢
17/12/2019 11:29 AM

磊落英雄，清修 人物，前怕狼后怕虎。设谋，使毒，只待把忠良妒

Posted by yeochingu > 2019-12-17 11:38 | Report Abuse

ks55 Compare with KSL, which is a better buy?
Why go for lemon if you can get orange for the same price?
17/12/2019 11:36 AM

SKL again..

quote:

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

ur orange smelly already

Posted by yeochingu > 2019-12-17 11:42 | Report Abuse

ajachulan 你法语造诣不错啊！ 哈哈哈哈啊啊啊
-----------------------------------------------------------------------
yeochingu > Dec 17, 2019 11:37 AM | Report Abuse
磊落英雄，清修 人物，前怕狼后怕虎。设谋，使毒，只待把忠良妒
17/12/2019 11:41 AM

和你们学习罢了

Posted by laychee > 2019-12-17 11:46 | Report Abuse

Management and directors made all the trouble to suspend the market just to make a small announement. You all still don't appreciate. The management is like 小学鸡。

Posted by ks55 > 2019-12-17 11:47 | Report Abuse

何来英雄 ?
是狗熊 !

Posted by yeochingu > 2019-12-17 11:48 | Report Abuse

ajachulan 你法语造诣不错啊！ 哈哈哈哈啊啊啊
-----------------------------------------------------------------------
yeochingu > Dec 17, 2019 11:37 AM | Report Abuse
磊落英雄，清修 人物，前怕狼后怕虎。设谋，使毒，只待把忠良妒
17/12/2019 11:41 AM

all kecil miao here..what do you expect?
Facts are Ecowld still undervalue
When the Bus start his engine, kecil miao will regret..

Posted by apalumau > 2019-12-17 11:49 | Report Abuse

现在很多三年前卡到现在的股票行散户们已经放话了只要贱世上回他们的本钱或亏少少，他们就要卖了，然后杀鸡烧猪还神拜拜感谢神明开恩大发慈悲让他们脱离苦海！阿门！

Posted by yeochingu > 2019-12-17 11:50 | Report Abuse

ks55 何来英雄 ?
是狗熊 !
17/12/2019 11:47 AM

这里没有镜子，你撒一泡尿，看看里面
你就知道狗熊长什么样子

Posted by ks55 > 2019-12-17 11:51 | Report Abuse

No creativity!
No innovation!
Only know how to react to my comments without any new idea!

Tell us if at all Ecoworld is good at 1.50.
When is your 1.50 coming?

Give target date.
Dare not give any finite suggestion 是狗熊!

Posted by yeochingu > 2019-12-17 11:52 | Report Abuse

palumau 现在很多三年前卡到现在的股票行散户们已经放话了只要贱世上回他们的本钱或亏少少，他们就要卖了，然后杀鸡烧猪还神拜拜感谢神明开恩大发慈悲让他们脱离苦海！阿门！
17/12/2019 11:49 AM

然后这班散户很庆幸自己解套了，三年都等了，多一下冲上到云霄
散户暗谷
庄家呵呵笑

Posted by yeochingu > 2019-12-17 11:55 | Report Abuse

ks55 No creativity!
No innovation!
Only know how to react to my comments without any new idea!

Tell us if at all Ecoworld is good at 1.50.
When is your 1.50 coming?

Give target date.
Dare not give any finite suggestion 是狗熊!
17/12/2019 11:51 AM

I am human, not god
only狗熊will think he is God

For example
TP Gkent with date
quote:

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

Posted by ks55 > 2019-12-17 11:59 | Report Abuse

From 4.30 all the way to 62.5 sen, and with father buying from son at 45 sen, what do you expect?

90% rule means the share price must be 90% off the peak, i.e. at 43 sen.
LKS is absolutely right to buy at 45 sen and not more !

Posted by yeochingu > 2019-12-17 11:59 | Report Abuse

ks55以你的质素，顶多能呼噜一些没时间做功课的小朋友

你自己看看事实
说好的0.45 恐怕你离开这世界时也达不到
我其实好想看你怎么扭转乾坤，
但事实证明了，你没料

Posted by apalumau > 2019-12-17 11:59 | Report Abuse

@raja&一支骨。你们好有气质喔，讲法文还念诗的。我在这待了几个月，我还真是觉得自己在讲淡米尔文嘞！！！

Posted by yeochingu > 2019-12-17 12:02 | Report Abuse

apalumau @raja&一支骨。你们好有气质喔，讲法文还念诗的。我在这待了几个月，我还真是觉得自己在讲淡米尔文嘞！！！
17/12/2019 11:59 AM

你的真身在这里多久了，只有你我知道
深藏不露

Posted by ks55 > 2019-12-17 12:08 | Report Abuse

Regardless what you want to say, I am going to repost everyday.
If you have any grey matter, you will think of something constructive to its share price.
You can tell the whole Ecoworld is going to make 5oo million next year, 1000 million in 2021, 1.5 billion in 2022 and so forth.

It is definitely better than trying to degrade others in order to prop up your superiority complex........I don't mind you write in Tamil if you are having language deficiency!

Posted by yeochingu > 2019-12-17 12:08 | Report Abuse

ks55 最近股价跌了一点，他很兴奋的蒲头了
如果股价上涨他又假假潜水去了
借口: 没网络，没时间

Posted by laychee > 2019-12-17 12:09 | Report Abuse

Current PE=11. If PE=15, RM0.90.

What justified ECO to get a PE of 15 while the rest are getting PE of 10 or less?

The crush of the price previously was due to property market outlook and not the management but people in this forum keep screwing the CEO and his decendants. They don't screw other property companies while they are all getting the same fate.

Posted by apalumau > 2019-12-17 12:11 | Report Abuse

很多时候，看到这里的网民们，cuni来cuni去，真是要谢谢贱世给大家一个那么棒的平台让大家发挥发挥！哈哈哈.......

Posted by yeochingu > 2019-12-17 12:13 | Report Abuse

ks55 Compare with KSL, which is a better buy?
Why go for lemon if you can get orange for the same price?
17/12/2019 11:36 AM

SKL again..

quote:

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

ur orange smelly already

Posted by ks55 > 2019-12-17 12:14 | Report Abuse

Ecoworld's 红豆军 mah.
How come you don't know he get pay from LKS?

Posted by apalumau > 2019-12-17 12:15 | Report Abuse

@一支骨。公平点，别老是骂反对阵营，那些看好的铁粉卖了等低价的，也叫他们回头是岸了！

Posted by yeochingu > 2019-12-17 12:16 | Report Abuse

laychee Current PE=11. If PE=15, RM0.90.

What justified ECO to get a PE of 15 while the rest are getting PE of 10 or less?

The crush of the price previously was due to property market outlook and not the management but people in this forum keep screwing the CEO and his decendants. They don't screw other property companies while they are all getting the same fate.
17/12/2019 12:09 PM

Just ignore ks55
he is somebody with Idiot brain
keep spam

His history

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

Posted by yeochingu > 2019-12-17 12:17 | Report Abuse

ks55 Ecoworld's 红豆军 mah.
How come you don't know he get pay from LKS?
17/12/2019 12:14 PM

see?
this is ks55
hahahaha
I am so sad...Ecoworld Pay me Nothing...
sad sad sad

Posted by yeochingu > 2019-12-17 12:19 | Report Abuse

apalumau @一支骨。公平点，别老是骂反对阵营，那些看好的铁粉卖了等低价的，也叫他们回头是岸了！
17/12/2019 12:15 PM

其实无论是反对派，或叛逆派
我都不是很care
我买的是Ecowld
小生不怕不怕
其他的kecil miao,我真的没有怕怕

Posted by ks55 > 2019-12-17 12:20 | Report Abuse

Ecoworld is lemon.
KSL is orange.

Only when Ecoworld is at 45 sen, it may become orange.
If KSL can go down to 45 sen, it may have become musang king..........

Posted by yeochingu > 2019-12-17 12:23 | Report Abuse

ks55的分析

资金: 没有
胆量: 没有
智慧: 没有
分析能力:没有
散播谣言能力: 神级

你一定会问我，证据呢?
His history

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

他说:Ecowld 0.45
现在呢?

Posted by yeochingu > 2019-12-17 12:24 | Report Abuse

ks55 Ecoworld is lemon.
KSL is orange.

Only when Ecoworld is at 45 sen, it may become orange.
If KSL can go down to 45 sen, it may have become musang king..........
17/12/2019 12:20 PM

His orange

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

KSL will be the next orange
17/12/2019 12:23 PM
yeochingu
Write a comment..


ks55 Ecoworld is lemon.
KSL is orange.

Only when Ecoworld is at 45 sen, it may become orange.
If KSL can go down to 45 sen, it may have become musang king..........
17/12/2019 12:20 PM

His orange

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

KSL will be the next orange?

Posted by ks55 > 2019-12-17 12:30 | Report Abuse

UEMS can just sell land in Iskandar to any company and make hefty profit, including the land sold to Botak Lim which subsequently selling to Ecoworld.

Can Ecoworld sell any land any where in this world and still making money from the land disposal?
Never dream lah!
Ecoworld is buying land at prevailing market value, selling means it will lose money on all incidences plus GST and stamp duty.

So, if Ecoworld really can't sell its property, selling any of its land bank will incur hell of losses.
There is no avenue to mitigate its cash flow other than borrow more and more money by what ever means.
Better be careful.
Don't let fake sifu mislead and bring you to holland.

Posted by apalumau > 2019-12-17 12:31 | Report Abuse

听说婆罗洲有一种厉鬼，在森林中游荡。如果你在森林中听见鬼嚎很大声，就是说其实他离你很远;如果你听到很小声的鬼嚎，他可能就在你身边！怕嘞？小弟很怕！
听闻股市也有不少人会这一套，kikikiku........

Posted by apalumau > 2019-12-17 12:45 | Report Abuse

@raja, ks55, 一支骨。我宁可当狗熊也不愿当英雄。小弟无能力，无财力，无技巧，也无靠山，只会傻傻乱买，赢几分钱就满足了。英雄这头衔还是留给担当的起的朋友们！哈哈哈！

Posted by apalumau > 2019-12-17 12:53 | Report Abuse

以前那段混吃的日子，每次行家问，今天怎样？都是答赢一点点吃饭钱啦！。所以别说阿一，连好友餐馆也不敢进，通常都是回kl吃杂饭，顶多McD那里蹲蹲一下而已。
所以现在法文不懂，还是淡米尔文好，三每两句话就是cuni了！哈哈哈！

Posted by smallfishyu > 2019-12-17 13:04 | Report Abuse

Maintain BUY with an unchanged TP of RM1.02. We make no changes to our earnings forecast for FY20/21F. We also maintain our TP of RM1.02, pending further information on the project development timeline on the land. Our TP of RM1.02 premised on our RNAV discount of 55%. We maintain our BUY recommendation on ECOWLD due to its attractive valuation and stable earnings outlook

Posted by tasas > 2019-12-17 13:46 | Report Abuse

Ecoworld is like Liverpool. 2020 will be their year.

Posted by ks55 > 2019-12-17 14:00 | Report Abuse

Is Ecoworld new land purchase bring any advantage?
Salient poits:

1. Ecoworld buying 200 acres of unconverted agriculture land from Botak Lim and associates for RM 305 million.

2. Ecoworld pays RM 20 million to PDT for lip services.

3. Ecoworld has to pay land premium to convert agriculture land into development land. How much is land premium payable? Could be 10 to 20 ringgit per square ft.

4. Total Land cost including nomination fee excluding land premium is RM 325 million. Work out 1.625 million per acre, or RM 37.3 per square ft.

5. If land conversion premium is RM 10, land cost is 47 ringgit per sf.
(If land conversion premium is RM 20, land cost is 57 ringgit per sf).

6. If land use conversion factor is at 0.5, total land cost is 94 ringgit per sq ft (or RM 104 psf if land premium is rm 20 psf)

7. For every RM 1 million profit after tax from development of this land, first RM 200k will go to PDT 干劳 without it need to take any risk or foot out any capital. Ecoworld will only take RM 800k with all the donkey work plus all finances to build and sell for next 10 to 15 years.

8. Payment for RM 305 million is payable over 7 years, which is very similar to DIBS introduced 5 years ago that kill all flippers. Ecoworld will be at similar situation when LKS starting to pay installment after 2nd year, plus interest. It is immaterial how long Ecoworld going to develop the whole project.


So, do you still think Ecoworld has a good deal?

Posted by ks55 > 2019-12-17 14:00 | Report Abuse

Blog: Govt proposes panel to monitor cost components of houses

Oct 11, 2018 10:34 PM | Report Abuse

Can someone enlighten us how does a housing developer determine selling price of :
1. Condo
2. Terrace house
3. Low cost flat/ PR1MA

I am no expert in housing, but try to figure out composition of each component:

1. Terrace house (for every 100k)
1.1 Cost of house sold (60k)
1.2 Contribution to School reserve, Field and playgroud, Police Station, Bomba, Road reserve etc (6k) -- Assuming conversion rate 65%
1.3 Contribution to Bumi Quota with 7% discount, Low cost housing and PR1MA (6k)
1.4 Road, drainage, street light and other infra (3k)
1.5 Sales and marketing (3k)

Gross Profit is 100k - 60k -6k -6k -3k -3k = 22k
So, if you sell a million dollar house, gross profit is 220k (mostly contributed by profit from land cost).

Of course, you will have to give more discount under present weak market sentiment.
Some developers give up to 15% or more (Understood MK Land gives up to 20% discount).
Then you will just have 7% gross profit.
What about interest expenses during construction period?
What about interest expenses after houses already completed but not yet sold?
What about HQ expenses?

Surely looking at the numbers, most developers will be losing money, unless the land cost is low.

How to make sure houses selling cheap, and developers still make decent profit?
Only way is to removed items stated in para 1.3, that will save up to 6%.


For Condo and high-rise apartment, land cost component normally take up around 15%.
Only problem is the developers tend to overpay for the land.
So they will have to build 30 or 40 storey high-rise.
That will take them 4 years to build before they can deliver VP to buyers.
In between, if sales not good, they will receive less progress payment, and paying 4 years bank interest is enough to kill fly-by-night developers like Jaks Resources.
Many such developers will prefer to abandon the project like Plaza Rakyat, for they could not afford to pay LAD.

As how to reduce selling price for the high-rise, better leave it to the authority to work it out.
If the authority concerned is so dumb, learn the trick from S'pore HDB......

Posted by ks55 > 2019-12-17 14:01 | Report Abuse

So, in order to factor in land cost as 18% of selling price, Ecoworld can only put up more PR1MA homes for sale.

Posted by ks55 > 2019-12-17 14:02 | Report Abuse

Why for other developer of high-rise apartment, land cost is normally 15%, whereas Ecoworld is at 18%?
Why others pockets all profit whereas Ecoworld has to give away 20%?
It is not a JV, it is a hand-out for lip-service provided by PDT.

Do not reply to my posting.
It is for my own consumption only.

Posted by ks55 > 2019-12-17 14:02 | Report Abuse

Ecoworld is on its way to 65 sen, thence heading to 45 sen in 2 years time.
That was the price LKS paid for his controlling stake!

Posted by ks55 > 2019-12-17 14:03 | Report Abuse

Stock: [ECOWLD]: ECO WORLD DEVELOPMENT GROUP BHD

Oct 25, 2019 12:23 PM | Report Abuse

Ecoworld at best is 45 sen. Why?

1. Father buy from son at 45 sen, need not pay for more than 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?

Posted by yeochingu > 2019-12-17 14:07 | Report Abuse

ks55 Ecoworld is lemon.
KSL is orange.

Only when Ecoworld is at 45 sen, it may become orange.
If KSL can go down to 45 sen, it may have become musang king..........
17/12/2019 12:20 PM

His orange

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

KSL will be the next orange
17/12/2019 12:23 PM
yeochingu
Write a comment..


ks55 Ecoworld is lemon.
KSL is orange.

Only when Ecoworld is at 45 sen, it may become orange.
If KSL can go down to 45 sen, it may have become musang king..........
17/12/2019 12:20 PM

His orange

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

KSL will be the next orange?

Posted by yeochingu > 2019-12-17 14:41 | Report Abuse

i bet this ks55 will hide when the share price go up..

History
ks55 Ecoworld is lemon.
KSL is orange.

Only when Ecoworld is at 45 sen, it may become orange.
If KSL can go down to 45 sen, it may have become musang king..........
17/12/2019 12:20 PM

His orange

ks55 Sell Ecoworld. Cut loss.
Use proceed to buy into GKent at 1.05
You will make money today, latest next week.
01/11/2019 12:28 PM

KSL will be the next orange?