U.S. stocks rose, with the Standard & Poor’s 500 Index climbing from a four-month low, amid a rebound in Chinese equities and as optimism grew that a Greek debt crisis won’t spread.
winwinyarazhi : The three projects - London City Island, Embassy Gardens and Wardian London have a total GDV of £2.257bil (RM13.33bil). The strong demand was reflected in London City Island Phase 2 which currently has achieved an 84% take-up rate with firm bookings of the 419 untis with several weeks after its official May 30 launch. Eco World Ballymore{Joint-venture between Eco 75% / UK-based Ballymore group 25%} has recorded strong sales value for Phase 2 of about £210mil. Company had expected Malaysians to make up only about 10% of buyers for the three London projects while the rest to be international buyers. Phase 2 London City Island project sales comprised 25% Malaysians who made firm bookings, another 25% were by Singaporean buyers. The weakening of the ringgit would not impact Eco World as its bank borrowings are in pound sterling.
Ecowld is for long term, at least 2 yrs. If u want to earn quick capital gains, don't buy this company. No dividend for 3yrs n d price will appreciate only after, one or two yrs.We need to see d quarterly profits, recent quarter profits increase more than 250%. If it keeps on increasing like this, it will attract big funds investors n momentum traders. So need to be Patience!!!
Just like what greary said, patience is the key...as long as the fundamental there, is just the matter of time for it to move up. Adding, Savills Research forecasts[Next Five Years] prices in the London market to rise 22.7%, expects rent to rise 17.1% ,with all prime areas in London also have a 35.4% growth. Worth to invest but no quick profits.
The Eurozone debt crisis may affect the new housing projects of Eco World Development Bhd (ECW). Next few quarter financial result will be bad. Stay away from this counter for a while.
mr eisteinbrook! u can hahaha! to d bank cz of short selling. we or i also can hahahahahaha! to d bank cz i can buy at a lower price! actually short sellers also a blessings for long term buyers! d only mistake in buying n selling stocks is what? don"t borrow $ n standby your bullets n a bit of diversification of ur portfolios. u will fail if u borrow n need to pay back your debts! gdluck1
We recently visited Eco World International (EWI) project sites in London, UK (London City Island (LCI) @ East London, Wardian @ Canary Wharf, Embassy Gardens @ Nine Elms). We came back feeling positive on the prospects for all three projects due to their high connectivity, crowd-pulling factors and diversified target market for each project. To illustrate, LCI, a medium-high-end residential development, is benefitting from the regeneration efforts which have resulted in higher-than-average price appreciation; we also believe this project is aimed at the owner-occupier segment or one that will appeal to the younger population. The highend residential, Wardian, is tapping onto London’s financial hub and will be an ideal rental market for the working professionals at Canary Wharf. Embassy Gardens, another high-end development, will appeal to those wanting a sought-after address in London or/and is also targeted at the owner-occupier market. Post our visit, we are confident that all three projects will be well received as London remains a safe haven for many global investors, particularly under the current volatile environment in Europe and Asia. Thus far, the recently launched LCI has done well with c.85% takeup rate. The media has quoted Tan Sri Liew saying that they aim to list EWI by 1QCY16 via direct IPO market capitalisation, and we still expect ECOWLD to take-up a 30% stake in EWI. This should provide news flow for ECOWLD, which will help buoy its currently depressed share prices. Maintain OUTPERFORM on ECOWLD with unchanged TP of RM2.05, representing a 40% discount to our FD RNAV of RM3.17.
i thought before that already got so many encouraging news....cos of this counter lost a lot...don't know is it need to wait till gray hair come out only will break even
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....
Slone
27 posts
Posted by Slone > 2015-07-09 16:42 | Report Abuse
every morning seem like some big player trying to push down the price.....every morning...