Bottom pickers becomes cotton pickers, so don't try to pick bottoms! It just don't pay to time markets, especially when it comes to buying individual counters.
No worries over Selangor political uncertainties, EW is more than just...it has good repute, merits and more! After all, it also has lots of lands & developments outside S'gor.
"We think investors should take this opportunity to buy on weakness,” said Khoh.
Alliance Research Bhd in its recent initiation note of Ecoworld Development Bhd placed a target price of RM6 per share on the company.
“We arrive at our TP of RM6.00, based on a 20% discount to our revalued net asset valuation methodology (pre-share split). On ex-all basis, we value ECW at RM2.00 (excluding 7-yr warrant dilution).
“We expect ECW’s earnings to grow substantially to RM77million in FY15 from RM24million in FY13, thanks to the unprecedented property sales boosted by the management team’s undisputed brand name,” said Quah He Wei, property analyst at Alliance Research.
This company is hungry for expansion. The negative side to this is that they are in dire need to raise cash and capital from investors.
They are trying to do something big in the coming six months. To me they are asking for too much upfront capital from investors without a proven track record in their new company. Yes, everyone can say they have proven themselves in SP. But I still reserve judgement until solid results are delivered.
I do not like the prospect of yet another round of cash-raising.
Its the people behind the company not the company behind the people that were responsible for the proven track record. Of course, investing in SP Setia - is much safer now. But, for the more agressive investor & those people who have faith in the people behind EW, the future potential...
Mid to long term investor of this counter, would be laughing all the way to the bank if they were to sell at this price. Good or bad news coming soon, i don't know - as i'm neither a insider nor a prophet! We will have to wait & see who...
A question, if all the GLCs which had government backing, why need to buy Sunrise, SPSetia etc??? They were expecting Liew to stay on??? All the key people left, they don't have the structure or process in place.
Those who have faith/believe in the EW story, stay invested. Those who don't, well...you know what to do. Time will tell which camp got it... In the meantime, please continue to post your analyssis, predictions, opinions...
who is the S.O for the Ecoworld Semenyih Phase 1? Must be a very tough day ahead with the instruction given .....
Very expensive marketing for the branding ,totally different from other....if I'm the unit buyer of course I'm very happy lor....but if I'm the company investor , ma hai, who is going to absorb the cost & the LAD for the delay wor?
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....
Nallayak
928 posts
Posted by Nallayak > 2014-08-04 18:40 | Report Abuse
PKR seems to lament MB sold cheap land to Eco, Eco caught in state politics liow