Posted by Ben5555 > 2022-09-21 14:49 | Report Abuse

On AR2021, president/CEO teow still holding 15,000,000 unit of share. I trust he will focus on creating value to shareholders. Looking at UK property, most investors are not local but foreigners n PR status. Tenancy periods of property in UK is based on yearly basis n upfront. Most Malaysian investors are not aware about this module of property in both Australia n UK but Ewint listed in Malaysia. Following with management acting on last 2 year during covid periods, they have restructuring the major invested holding company on EW ballymore n EW London. I doubt the local analyst n research film for comments on this negative feedback and caused many of us sell in low price just believe the outsider information but not insider report declaration.

Posted by Ben5555 > 2022-09-21 14:55 | Report Abuse

Indeed, lack of information announcement is one of key reasons to cause price share drop further... Looking at investor relationship web, updated till Q1 2022 only but today already Q3 2022. Management has to update info as quickly as possible for value investors otherwise, most small investors like us may loss of confidence.

Posted by warchest > 2022-09-21 18:18 | Report Abuse

For president and CEO and management team, I believe is their intentions to create value for the shareholders. However, so far they're lacking of the skills and experience to ride on the trends and navigate it from the crises. 5 years plus already enough to judge it. If not because of their partners they could not get the developments completed. Should just change the management and get the more competence management team

Posted by warchest > 2022-09-21 18:19 | Report Abuse

They need to be engaging. We need to be engaged on the good news but bad news. So far the engagement is disappointing

Posted by Johnt299 > 2022-09-21 21:07 | Report Abuse

@warchest.....we complaining here....any action can be taken from shareholder instead of complaning....hahaha

Posted by warchest > 2022-09-22 07:59 | Report Abuse

You can just exercise your rights as a shareholder. Raise your questions via AGM or to their investors relations. Just throw a small bomb to them to pressure them.

Any questions and concerns about its business, financials and even issues, please address to its Investor Relations at ewi@ecoworldinternational.com

Posted by warchest > 2022-09-22 09:45 | Report Abuse

The light at the end of tunnel is to get the repatriation of funds which envisaged to be RM0.80. Hopefully more than 3/4 would be distributed

Posted by drkelvin20 > 2022-09-22 13:29 | Report Abuse

I think same too, repatriation of funds to shareholders, the bigger portion is better, else the longer it drags on, the cash may burn out due to various reasons whereas the CEO/Directors may not be affected.

Its totally unacceptable, or a failed CEO who lead a listed company from IPO of rm1.2 to now 29 sen.

Posted by drkelvin20 > 2022-09-22 13:31 | Report Abuse

Please share on info regarding to to particpate in annual meeting, better if it is physical.
please request CEO and his team to step down...

Either poor planning, and imcompetencies. any stocks have high and low, up and down, this EWINT continous to slump from IPO price till 29 sen now...and imagine 6-7 years since it IPO, at least it should show 1.5 if it is a good investment.

Strip CEO, sack him and his team.
Please alert KuoK family on this incompetent line up.

Posted by Ben5555 > 2022-09-22 14:04 | Report Abuse

I did send reminder to ewi investors relationship for updated report on presentation just 1 days ago... Now all updated information is coming out..... Please read it carefully and share thought...

Posted by Ben5555 > 2022-09-22 14:04 | Report Abuse

It look positive response...cheers

Posted by warchest > 2022-09-22 15:34 | Report Abuse

Every dog has its day. But so far not EWINT since it's venture into the UK and AU. Results since IPO were horrible. Don't count on the management team to expand its business but instead hope bigger chunk of dividends instead. It need to be restructured and pivot it's business model from now

Posted by warchest > 2022-09-22 16:05 | Report Abuse

The CEO of UK subsidiary is too young and incapable. The Group President more of finance guy and lacking of business acumen. We need good resource allocator that knows how to putting the resources into right projects

Posted by Ben5555 > 2022-09-23 12:27 | Report Abuse

Please correct me if I am wrong calculation.
Up to Q3 2022 presentation, just 3 projects hold by new ballymore for sales value was GBP 1.8B, if ownership 70% of GDV, and 75% own of ew ballymore company by EWI, total sales belonging to EWI is GBP 1.8B x 0.7 x 0.75 = GBP 945M, assuming sales between 80~90% = GBP 756m ~ 850M , approx x 5 rate = RM 3.7B ~ 4.25B...
This amount will be flowed back to EWI within 1~2 years.. WOW.. Marvellous Cash in, right. ?

Posted by Ben5555 > 2022-09-23 12:34 | Report Abuse

Just look at dividends payback on coming 1~2 years, it could be pretty good n then exercise for next plan either delisted program or further investment,. Those IPO investors should get back whatever invested capital plus margin in near future hopefully

Posted by warchest > 2022-09-27 12:49 | Report Abuse

Which should work out around RM1.9b, but that is before the recent tumble of UK pound

Posted by warchest > 2022-09-27 17:07 | Report Abuse

Just that is underperforming Group with incompetent management team. Its share price performance is a good bellwether to know whether they do well or not. They should be leaned and reduce excessive fat from high salaries, bonuses, benefits and perks to the CEO and management team in the corporate and the UK

Posted by warchest > 2022-09-27 17:09 | Report Abuse

Its share price now at 27.5 cents, pathetic with more than 2/3 drop in value compared to its IPO.

Posted by MrPatience > 2022-09-28 19:01 | Report Abuse

During the past 5 quarters, current owing by JV is decreasing while non current owings is increasing.
anyone know if the growing non current owings is due to repayment period of current owings extended or new launch of new projects?

The fact the management taking a precautious measure during uncertainty period is a good move. They repay big chunk of foreign debt and 90% debt left is MYR denominated MTN at fix rates, should be more manageble. (though the falling of GBP will affect their bottomline)

Posted by warchest > 2022-09-29 12:05 | Report Abuse

No choice, if cannot expand the business than need to be prudence especially on the spending and staff costs. That's why they need to spend less, focused to repay borrowings and repay the shareholders. Is better for them to do less than more. You can see that RM2.4b invested now probably can get RM2b back. It is I'm negative returns more than 5 years since IPO

Posted by warchest > 2022-09-29 12:08 | Report Abuse

Somehow the UK and Australia markets no longer lucrative for the Group. The projects are nice but somehow they haven't learned to make profits from these projects and the issues spiralling down. Do less, be lean is the way to go till they have found the right business model to make money for its shareholders

Posted by warchest > 2022-09-29 12:12 | Report Abuse

Is a good value at current price. But is a very depressive investment for IPO investors that pouring billions but getting negative returns. All end in vain due to inability of the management team to understand on its business model, core competencies and landscapes. More developed the country is, more regulations, compliance and cost of doing business. That's why EWINT is in distress mode

Posted by GoldenShares > 2022-09-29 14:37 | Report Abuse

below 0.20 is matter of time........

Posted by Ben5555 > 2022-09-29 16:10 | Report Abuse

My views as follows : if wrong, please correct me......
1. Ewi is investment holding company. During IPO 2017, ewi invested most of capital into 2 markets Australia n UK on property development. In Australia is 100% own n UK via JV with EW ballymore n EW London.

2. In 2020~2021, Australia project completed n capital regrouping to EWI n paid 6sen of dividend with cash remaining at ewi.

3. In 2021, ewi restructure the UK JV for ew Ballymore n ew London became 75% own on ew ballymore n 100% own of ew London.

4. Back on 2017, ewi invested around RM 2B to UK on JV company at exchange rate of around RM 5.7~5.8 = GBP 1 for project. Total invested amount around GBP 350~430M together with bank loan of GBP

5. 2022~2023, ew ballymore has 3 mega projects to be completed or completed worth amount of GBP 1.8B. this amount of sales is belonging to ew Ballymoney JV company . 75% own by ewi.

6. 2022 up to Q3, liabilities or bank loan down to 0.07x. meaning most of bank borrowing will be cleared to zero liability by end 2022 or early 2023.

7. 2022 Q3 reported, ew ballymore UK projected sold almost 80% of units worth GBP 1.6B.

8. Ew London has on going projects n could be slow down the development due to uncertainty which highlighted on last to Q2, Q3 report of 2022.

Comments :
Ew ballymore is JV company, whatever ewi invested amount is the creditor account from ew ballymore. This jv company has right to do own accounting following with UK system although ewi has 75% own. This JV account may not combine figure into ewi listed account figure as this is jv biz. If assuming this jv biz is profit or loss, it may not immediately affected in ewi account. The initial capital invested by ewi has depreciated due to exchange loss and may affected in ewi BS statement. But in ew ballymore BS statement should be same amount due to no change in UK currency as this jv company is following in UK GBP. Hence in coming period of cash flow in at ew Ballymoney in GBP should be around GBP 1.6~1.8B as this is project worth of sales n may start to handover to buyers if project can be achieved over 80% of sales .

Once the cash flow back to ew ballymore account, ewi has options to reserve some for ew London for project development in UK ( it may not have any exchange loss issue ) and some flow back to ewi for repatriation of dividend. Remember ewi own 75% of ew Ballymore.

All of this exercise, ewi may has recover handsome cpaital initial back in account in UK or Malaysia plus profit which unknown so far.

Ewi management should keep more portions of capital in GBP in UK instead of flow back to suffer loss of exchange to Malaysia.

Looking at 2021, most earlier investors are paying 6 sen of dividends by Ewi, trusted this around of time should be more of it but ewi will suffer exchange loss also if want to keep same of 6 sen dividends which amount approx RM 144M = GBP 29M with exchange assuming on 4.9 to GBP 1.

Anyway based on this calculate amount, ewi as today price of RM 0.27, it is real attractive point to accumulated either you are old or new investors.

Posted by Michael Kwok > 2022-09-29 16:18 | Report Abuse

Price 26-27 cents
Tp below 20 cebts
4.17pm 29/9/2022

Posted by Ben5555 > 2022-09-29 16:25 | Report Abuse

Beside above-mentioned figure collected from entire report of 2022 from ewi, ew London still has large portion of project to be developed worth over GBP 1.5B. based on capital regrouping n sufficient fund to financing the remaining projects with careful plan I think ewi management team in UK is doing pretty good job.. they are worth to get the rewards n perk.

Please do remember the CEO of ewi has over 15,000,000 unit of share and salaried n perk is only RM 2M plus only...

Posted by Ben5555 > 2022-09-29 16:29 | Report Abuse

Short term investors better don't looking at this counters you will suffer much.. long term investors will painful on patient...I am the investors in between.. suffer n painful......

Posted by MrPatience > 2022-09-29 21:16 | Report Abuse

Pain and suffer are usual for monitoring share price movement ...
There are indeed no counter to be look at if suffer from price movement.
Too cheap also pain, share price run up will feel regret.

Posted by MrPatience > 2022-09-29 21:19 | Report Abuse

EWI has the commitment to fund those 3 JV, and their liability is quite high though can be covered by asset. But I cant find detail reporting ...

Is the property segment EWI involved in UK is facing a crunch? as I read the avg selling price has reduce to 600K, which is still above EWI JV avg selling price.

And how about the Btr project thats going to hand over to invesco?

Posted by Steve64 > 2022-09-30 09:26 | Report Abuse

wonder how much of sharp stck price fall is due to margin calls. ??..plus loss of confidence

Posted by Gen2 > 2022-09-30 16:38 | Report Abuse

@Ben5555 look like you still uncertain. Sales is sales and profit or loss is not equal to sales.

Posted by Ben5555 > 2022-09-30 20:52 | Report Abuse

UK n Aussie property accounting not similar to Malaysia. Malaysia is progressive payment as sales. UK, aus is fully completed n handover period time collections as sale. Those sales capital regrouping is included profit or loss payment. One lum sum inwards. As long as higer sales achievement, more n more capital regroup.. this is my understanding.. if wrong, please correct it.

Posted by dragon328 > 2022-10-02 20:43 |

Post removed.Why?

Posted by Johnt299 > 2022-10-12 16:30 | Report Abuse

still got hope ma? howmanagement explain to their major sharholder?

Posted by supersaiyan3 > 2022-10-22 01:43 | Report Abuse

still got hope mah?

eh......i think most of the good projects have been handed over, but bottom line still look very ugly.

now says 2b future benefit, but that's not profit! just income loh.

the btr looks like progressive income, but cost so high may be lost loh. Now say expected lower income for btr so adjustment caused the losses.

I can't understand loh. If Q3 eg new block etc handover should make 50m, how come become -50m after adjustment? so -100m adjustment. That means btr actually is loss-making?

obviously they hide the adjustment figure (if anyone knows, please correct me).

But now its the worst already. Can't get lower unless Putin drop a nuke.....should starts making profit from now on, maybe back to 35-40c like that.....

Posted by drkelvin20 > 2022-10-26 12:17 | Report Abuse

If i am majorshare holder, i will sack this CEO, COO, and current line up in management team, an shame to the EWINT.

He owe all investors since day one.

Sack this guy, anyone have info on upcoming General meeting, please update us. Some of us can be present there and openly demand him to step down.

Posted by Johnt299 > 2022-10-28 17:13 | Report Abuse

my question is normally UK always less suply in house residential property and that's reason support their housing price many years.

But how come for EWINT still facing so much challenging in their business, definitely inflation, interest rate hiked, energy crisis are the main reason but the thing is management looked not well prepare to overcome all these challenging.

i'm so upset

Posted by warchest > 2022-11-05 21:37 | Report Abuse

Management is incompetent? That's is a fact. Management not able to earn profits from outright sales and BtR projects? Figures tell you everything. Management change is imminent? No choice but to change if they want to turnaround

Posted by warchest > 2022-11-05 21:38 | Report Abuse

Only silver lining is the cash distribution. They can distribute up to 80 cents if they do not need to plough it back to their existing projects

Posted by Steve64 > 2022-11-07 09:15 | Report Abuse

maybe better delist the company n return shareholders money if they cannot get their act together..!!

Posted by Steve64 > 2022-11-07 16:59 | Report Abuse

suddenly very active counter..gd results? cash handput??

Posted by warchest > 2022-11-09 20:34 | Report Abuse

1 day show. Useless

Posted by warchest > 2022-11-09 20:35 | Report Abuse

Better delist and repay the money back to the shareholders

Posted by drkelvin20 > 2022-11-10 09:05 | Report Abuse

request to them to do like Litrak, distribute cash back to shareholder, and delist.

Posted by drkelvin20 > 2022-11-10 09:07 | Report Abuse

CEO, COO, CFO, and all top management, please set down pass to competent leaders, or repay all the cash back to shareholders, no more sit on fat pay and no contribution to this company value.

Posted by drkelvin20 > 2022-11-10 09:08 | Report Abuse

KuOK Families, please come in and request the CEO/COO/CFO to step down, what a shame, share price keep droping from 1.2 to 20-30 sen after 6-7years...

where are you KuoK Families...DO sth.

Sack the imcompetent, no performance CEO/COO/CFO

Posted by warchest > 2022-11-10 21:41 | Report Abuse

Management changes are imminent to restore it's credibility

Posted by flyhub888 > 2022-11-17 08:04 | Report Abuse

coming up now. sit tight and wait jackpot

Posted by Steve64 > 2022-11-22 14:29 | Report Abuse

something brewing..?..
election uncertainity stock moving up...

Posted by Cheah5555 > 2022-11-23 22:12 | Report Abuse

The price of Ecoworld International recovered from the low recently, look like the worst should be over ! Looking forward to some good news from the company ie restructuring, good results, dividend etc.