Eco World Development Group may fall further after breaching the MYR1.77 level in its latest session. Traders may expect further weakness if the stock stays below this level in the near term, with the next support level anticipated at MYR1.54. The stock may move sideways or rebound further if it recovers back above the MYR1.77level, while the bearish bias may be removed if the MYR2.00 level is surpassed.
As you can see from the comments, many people want to buy this counter :-). Shark will not be around if there is no food. Do you think people are so free to put negative comment here daily? There is only for one reason. Hold tight, the next biggest event will be SPAC.
For those think that price has dropped, let me show you some scenario.
Let's say you bought at 2.4 before right issue
2.4 2.4 You pay 1.2 (for 1 right issue) You paid RM6
After right issue you own 3 shares at today closing price 1.79 * 3 = RM 5.37 Warrant = 0.68 * 0.8 =0.544 Price now =5.37+0.544 = 5.914 , you made a lost of 0.086
If your purchase price was 2.5 you make a lost of 0.28
If you sold the warrant earlier, you should make some profit. Anyway, don't be distracted by all these noise of dropping. The above is only showing you that market is adjusting the price to the previous level before right issue begins. Ecoworld fundamental has not changed a bit except the future prospect and plan are still on track.
Raring to go • 1QFY15 results within expectations • RM621m sales secured as at Feb15; on track for RM3bn sales in FY15 • RM3.1bn unbilled sales to drive earnings growth • Maintain Buy and RM2.35 TP (ex-rights) Highlights Results in line • ECW reported 1QFY15 earnings of RM3.1m, on the back of RM158m revenue. This includes contribution from Eco Majestic, Eco Sky, Eco Botanic and Eco Business Park 1 effective 8 Jan 2015, when the massive corporate exercise to acquire the development rights of eight projects for RM1.8bn became unconditional. Outlook Sales going strong • ECW achieved RM621m sales as at Feb15, of which 53% came from Iskandar Malaysia (IM). This underpins the unrivalled market confidence towards ECW’s launches, which continue to be well-received despite the challenging market at IM. Meanwhile, unbilled sales stood at RM3.1bn, offering strong earnings visibility • The Group will be launching four new projects in FY15: Eco Sanctuary@Shah Alam (RM8bn GDV), Eco Terraces@Penang (RM340m), Eco Tropics@IM (RM3.4bn) and Eco Business Park 3@IM (RM2bn). We believe it is on track to achieve RM3bn sales target this year given its focus on lifestyle township development, where the initial registrations for its upcoming launches have received overwhelming response. • With the completion of the acquisition of development rights, ECW currently owns 4,950 acres of land bank worth RM55bn GDV which are strategically located in property hotspots in the Klang Valley, Penang and Johor. Valuation We retain our RM2.35 TP, which is based on 20% discount to our RNAV (prior to 20% placement). We continue to like ECW for the proven and impeccable track record of its key senior executives, who have helped the developer to establish strong branding among property buyers. Malaysia Equity Research 20 Mar 2015
Look at their product...very creative and a lot of creativity...recently visit to EcoMajectic ....I believe very soon this counter market capital will reach 10billion........Quality of LIfe!!!
N88 u seldom go out and see outside world only.. Alot companies already creative in such way and even creative than EW. In the other word, EW also imitate other companies. Nothing special. This company is dead
Hahaha other company?? Example?? 1million/ unit? or 2 million / unit?? SOHO or landed??? Perak , Kelantan or Melaka?? ECOworld will continue growing because they target cheap land , and build affordable house for middle class( I believe >60% population).
Tan sri which a billionaire n u guys think him use the money play play n make a cheater ccounter.i guess u guys iq is to low to understand n predict wat will happened in future....pls use ur brain to THINK...
Last time tan sri introduce dibs n soon n in future he will find his way to boost his sales...u dun not foresee cos u dun hav insight n vision to foresee...take it as lesson n learn pls
masterpiece, all stock drop. see inari, vitrox, mbmr, maybank, all this good shares. all drop. next week we believe eco will fly if these company fly back! what u think
tock: [ECOWLD]: Eco World Development Group Bhd masterpeace May 8, 2014 10:42 AM | Report Abuse
Hi let me teach u! The took all the brains/essence from SP to EW. Also the reputation.trust for TS..And yet SP only left shell...When u c the EW pass by other big developers then u oni buy is too late...Like 20 yrs ago what the price of houses and nw how much? even bubble the price will back eventually. u think the material,construction cost will drop? Please realistic..today everything is expensive and house the same..alot ppl willing to buy EW of their concept of sustainable and green compare with other small developer.. why? then u ask urself y there r ppl choose BMW/Benz/Audi compare with kancil even the price so expensive.... use ur BRAIN!!!
Stock: [ECOWLD]: Eco World Development Group Bhd masterpeace May 9, 2014 10:05 AM | Report Abuse
Frankly u r like a girl...think tis think tat n do ntg.. U din own any share i think...kind of ppl tat see the share shoot then regret din buy, when see stock drop then keep clapping hand n joyful over there.
Ecowld 单看pe,股息就不用買进了,进8206 w 是取贡杆之功效,公司一糸列的股份,企业重组後,将于下半年给ecowld持有30%之ewi上市,後市亮点多,品牌,企业红人,优势地庫,强稳訂单都是刺激股价向上之根本因素,買股视公司前景,个人承受之风险等多方面因素,少部份人的观点不完全是对的,所谓云开见明月,加油$
many brainless ppl here love to post brainless stuff, if it happen rm1.50 OR the stupid fellow mentioned rm1.20....i think our country is gg to hv another round of economy crisis adi
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....
nsyee28282828
488 posts
Posted by nsyee28282828 > 2015-04-09 18:31 | Report Abuse
Not sure whether they are accumulating at this level before they push it back to 2.00?