when China big time investors r coming with big capitals , who built condo, apartments n high rise skyscrapers in ten of thousand units , our local cos get can't get near to them in terms of capacity and financial backings, it will be too difficult to compete unless these investors chose to pull out ; the possibility is there but look likely it will not happen at the point of time.
Based on TA, it will slide to 1.70. Furthermore, the GDP growth in Q1 2015 at 5.6% was slower when compared with a year ago when the economy expanded at 6.3%. Property market will slow down. So, what is your best price to start your accumulation on this counter?
All corporate exercise has completed. target 7 billion sales this year. I see aggressive launch advert in London with Ballymore started recently. Also open gallery in Singapore.
Sure they will be the big bro again in this industry.. but expedite expansion, aggressive landbank acquisition, intensive brand marketing, luxury township landscaping... $$$$ .... Their balance sheet will take time to be good and attractive to fund managers even they can achieve awesome sales in near term...
When did they annouce the private placement ? I didn't see the news. Anybody saw ? If we read the news, we wouldn't have bought earlier. They purposely want to trap the small share holders !
for eg: like the company offer some shares to their own staff or workers for bonus @1.62, some of them may throw out quickly for cash back early in the morning. Just hold. Supporting level should be near @1.62 unless there's another private placement coming. Correct me if I am wrong. Thanks.
not really...if you check their accounts and financial standing...their gearing is quite high...not much different than tropicana...next support at 1.50
Today, ecoworld has achieved another mile stone. They have completed the private placement issued at price 1.62. This magic number is very important and is a setting stone (support price) for future enhancement. The private placement has few aims: 1. Fullfiling the requiement of bursa for the public shareholding spread. (A too low free float can cause the stock to be delisted) 2. Gathering fund to fullfil their ambitions for their targeting sales in next ten years. 7 billion target is set for next two years. 3. As some has pointed out, EWI SPAC will be the next milestone. The price adjustment is inline with the dilution of the private placement and there is nothing to worry about. We will see massive actions in the 3rd quarter. Don't be moved by noises and this share you will need to keep for mid term, minimum 6 month.
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....
limayseng
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Posted by limayseng > 2015-05-15 17:05 | Report Abuse
when China big time investors r coming with big capitals , who built condo, apartments n high rise skyscrapers in ten of thousand units , our local cos get can't get near to them in terms of capacity and financial backings, it will be too difficult to compete unless these investors chose to pull out ; the possibility is there but look likely it will not happen at the point of time.