ECO WORLD INTERNATIONAL BERHAD

KLSE (MYR): EWINT (5283)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.335

Today's Change

+0.01 (3.08%)

Day's Change

0.33 - 0.335

Trading Volume

1,091,500


6 people like this.

6,262 comment(s). Last comment by RISK8888 1 week ago

東风

75 posts

Posted by 東风 > 2023-10-12 22:08 | Report Abuse

I guest you are the only one. How much yo bought? When?

Posted by value_seeker > 2023-10-13 07:43 | Report Abuse

Cheque not so fast.

flyhub888

471 posts

Posted by flyhub888 > 2023-10-14 08:03 | Report Abuse

nxt dividend end of this year. very tempting

MiddleAge

28 posts

Posted by MiddleAge > 2023-10-16 09:29 | Report Abuse

why still use cheque? its very unreliable (may be lost during post such as dumb into longkang by lazy postman, or held at post office and wait till someone process it). I think almost everyone do direct bank transfer (which happened in a matter of seconds) or for those via proxy (such as public bank, maybank) take about 2 working day only.

Lyon91

78 posts

Posted by Lyon91 > 2023-10-20 22:22 | Report Abuse

Oversold again😑😑😑

flyhub888

471 posts

Posted by flyhub888 > 2023-10-23 00:24 | Report Abuse

not attractive anymore ..

geary

6,207 posts

Posted by geary > 2023-11-04 01:15 | Report Abuse

EWINT: NTA: @1.02. NCAV: @0.53. Cash Value: @0.35.(Zero Debt)
What a Catch...Added...@0.35...!
🤔🙏...!
Proposed dividend: #0.06/share... probably more as seen from its first tranche #0.33/share!?
Cyclical Consumer product...Hold...For property turnaround...(Price Movements)...n more capital reduction...🙏

Posted by cheongks1979 > 2023-11-04 20:51 | Report Abuse

Does EWINT achieve FY23 target 1.4B sales?

geary

6,207 posts

Posted by geary > 2023-11-05 10:16 | Report Abuse

cheongks1979
Does EWINT achieve FY23 target 1.4B sales?
Read this website:
https://www.nst.com.my/business/2023/09/957711/ecoworld-internationals-q3-net-loss-narrows
Both Tan Sri Liew n Quek, are descent businessmen. They are passionate to grow their specific business.
Anyway UK n even SWP Nations, are lacking behind China, comparing transportation infrastructures, buildings n even Internet applications.
After COVID-19, it's getting worst, properties are sluggish, hopefully with good exchange rates, EWINT is on track to achieve #1.4B in Sales, plus little lost or slight profit...🤔🙏
Rumor between GUOCO/EWINT, Guoco award winning developer, listed in STI, has collaboration with HKG n China, development. So any turnaround, to profitability, then only share price will uptrend by #20/30%.
Important interest rates must go down, Treasury Yield must be around #3.6/4%.
Then only liquidity will expand, most Equities will appreciate...🤫🤔
Disclaimer: Invest At Your Own Risk!

geary

6,207 posts

Posted by geary > 2023-11-05 10:28 | Report Abuse

Eco World International Berhad announced appointment of MR ANDREW CHEW KWANG MING as Non Independent and Non Executive Alternate Director. Date of change is March 3, 2023. Age is 49.

Qualifications includes Professional Qualification in Accounting from Certified Practising Accountant Australia, Professional Qualification in Accounting from Malaysian Institute of Accountants and Bachelor of Business (Accounting) from Monash University, Australia.

Mr. Andrew Chew Kwang Ming is the Group Chief Financial Officer ("CFO") of GuocoLand Limited which is listed on the Main Board of the Singapore Exchange.
He joined GuocoLand Group in 2011 and held several positions, the latest being CFO of the GuocoLand Group's Singapore operations.
So collaboration is imminent... that's why, there are some exchange of willing buyers/sellers...Insiders.
Need to Hold.
Analyse yourself...if u intend to buy n hold, without obligation.

Plantermen

2,053 posts

Posted by Plantermen > 2023-11-10 16:00 | Report Abuse

Jerome Powell hawkish stand on interest rate not positive for the market. He said " we have not finish with the rates to bring down inflation" is bad. US rates is now at 5.25%-5.5% =6.0%for mortgage loans

Posted by Patient Investor > 2023-12-01 16:18 | Report Abuse

uk net migration break down
https://www.youtube.com/watch?v=PJfDZDMtn_o

Realrich

1,068 posts

Posted by Realrich > 2023-12-01 18:51 | Report Abuse

I'm back to wait 6 cents dividend. I told 2 month ago Dec I am come back

Realrich

1,068 posts

Posted by Realrich > 2 months ago | Report Abuse

This month 6 cents dividend coming?

Realrich

1,068 posts

Posted by Realrich > 2 months ago | Report Abuse

Good up trend

lefty88

59 posts

Posted by lefty88 > 2 months ago | Report Abuse

when is the 6 cents dividend payment date?

facsc118

191 posts

Posted by facsc118 > 2 months ago | Report Abuse

announced today . dividend ex 28.12.2023, entitlement 29.12.2023, payment date 17.01.2024

anisbin

649 posts

Posted by anisbin > 2 months ago | Report Abuse

Wow... Seriously 6 sen dividen? 😳

Posted by moneycome123456 > 2 months ago | Report Abuse

KUALA LUMPUR (Dec 13): Eco World International Bhd's (EWI) net loss narrowed to RM37.69 million for the fourth quarter ended Oct 31, 2023 (4QFY2023), from RM95.73 million in the previous year’s corresponding period.

The improvement is thanks to a foreign exchange (forex) gain of RM15.53 million in the quarter under review, compared to a forex loss of RM5.33 million in 4QFY2022 due to the appreciation of the British pound against the ringgit as a result of the repayment of advances by its UK joint venture (JV) EcoWorld-Ballymore and the conversion of British pound-denominated bank balances.

There was also a reversal of impairment on investment in EcoWorld-Ballymore of RM64.67 million following significant progress in monetisation of inventories during the year — although this was offset by impairment losses on the amount owing by Eco World London of RM90.96 million — as well as lower finance costs as a result of full settlement of all borrowings in the previous quarter, said EWI in a bourse filing.

Revenue for 4QFY2023, however, dropped 33.82% to RM28.55 million from RM43.14 million, mainly due to the lower number of units sold and handed over to customers.

EWI declared a final dividend of six sen per share in the quarter, which translates to RM144 million, payable on Jan 14.

Combined with the RM792 million dividend already distributed, the group’s total dividends for FY2023 amounted to RM936 million, surpassing the targeted excess cash distribution of RM900 million set last year.

For FY2023, EWI's net loss was lower at RM85.37 million from RM234.42 million a year ago, despite revenue declining 34.49% to RM104.8 million from RM159.96 million.

The group achieved RM1.18 billion in sales plus reserves of RM114 million, bringing total sales for FY2023 to RM1.30 billion, with Embassy Gardens being the largest contributor at RM617 million, followed by RM215 million from Wardian and RM107 million from London City Island.

As at end-October, EWI still has about RM850 million of completed and nearly completed stocks that are available for sale, said its president and chief executive officer Datuk Teow Leong Seng.

“EWI’s effective share of these stocks is approximately RM650 million. With regard to all launches for the remaining sites, these will continue to be put on hold given the ongoing weak sentiment amongst homebuyers and significant cost inflation in the UK. We will consider proceeding with launches only when market conditions improve, cost pressures stabilise and expected returns that meet the group’s requirements can be forecast with greater certainty,” he said.

“As such, EWI’s target for FY2024 is to sell out all our remaining completed and near completed stocks with the aim of distributing the excess cash generated back to our shareholders, net of the amounts required for the group’s pared down operational requirements,” he added.

Shares of EWI closed up half a sen or 1.41% at 36 sen on Wednesday, giving the group a market capitalisation of RM864 million.

Posted by Patient Investor > 2 months ago | Report Abuse

Current Qtr:
Operating cash Flow +20 million
Repayment from JV + 260 million
Total +280million
divided by 2.4billion shares,
almost RM0.11 cash increase per share(which 6 sen declared as dividend payout)

Share price only at RM0.36.

I'll just sit and wait for revaluation of the PPE through GDV. Hope they wont privatize it.

Realrich

1,068 posts

Posted by Realrich > 2 months ago | Report Abuse

Wow cool 6 cents dividend thanks you ewint

RISK8888

2,228 posts

Posted by RISK8888 > 2 months ago | Report Abuse

Bodoh ewint, sell more loss more. Impairment 95mil. What hell are they doing. Can’t they just impair one shot? Slowly dilute the value, drag time goyang kaki makan gaji buta.

RISK8888

2,228 posts

Posted by RISK8888 > 2 months ago | Report Abuse

Balance cash + owing from JV total left 1.3bil less 144mil dividend. Tinggal 1.15bil for distribution 48sen left. At the end cannot get back 1.20. Bodoh betul.

mkmk

1,512 posts

Posted by mkmk > 2 months ago | Report Abuse

big sharks r disposing.... they use dividend to lure ppl to buy.......

Posted by value_seeker > 2 months ago | Report Abuse

Sure?

Posted by Patient Investor > 2 months ago | Report Abuse

@RISK8888 there's also a impairment write back of 64million, so what does that tell you?

RISK8888

2,228 posts

Posted by RISK8888 > 2 months ago | Report Abuse

that tell me they are covering a hole with a bigger hole. such an impairment is totally senseless. How can a JV loan being impair? a loan need to be repay regardless the entity is profitable or not, unless the entity went bankrupt otherwise it can not be impair like that. is accounting fraud and try to cheat investor.

Steve64

50 posts

Posted by Steve64 > 2 months ago | Report Abuse

Risk 8888 - you sound like you hv gone in at IPO price @ 1.20 n like Guoco still licking yr wounds..imagine how Quek n his company feel..??...like you they must be hitting the roof.
What are their alternatives is the nxt best guess. Take it private..? Buy ewi out..? inject new assets..??..etc etc...more to come am sure..in 2024

abcb

2,761 posts

Posted by abcb > 2 months ago | Report Abuse

Hope to reach 0.40 tomorrow

abcb

2,761 posts

Posted by abcb > 2 months ago | Report Abuse

Very positive up trend chart

Posted by value_seeker > 2 months ago | Report Abuse

Confirm?

abcb

2,761 posts

Posted by abcb > 2 months ago | Report Abuse

Buy for rebound with attractive dividend

abcb

2,761 posts

Posted by abcb > 2 months ago | Report Abuse

Much better than bank FD

abcb

2,761 posts

Posted by abcb > 2 months ago | Report Abuse

Dividend 0.06% ,quite attractive

soon9913

2,404 posts

Posted by soon9913 > 2 months ago | Report Abuse

but no more projects launching le .... future eat what oh

soon9913

2,404 posts

Posted by soon9913 > 2 months ago | Report Abuse

excess fund use to pay the expenses only

Posted by Patient Investor > 2 months ago | Report Abuse

@RISK8888 why dont you write to SC to complain the company, and see that helps in recovering your initial investments.

Or you could write to IR to get info to share with us, which will benefit everyone.

Posted by Patient Investor > 2 months ago | Report Abuse

@soon9913 its better to be extra cautious during turbulent time, it will maximise shareholder benefits when the time is right. Operating expenses wont be that much if there's no projects.

geary

6,207 posts

Posted by geary > 2 months ago | Report Abuse

EWINT:
EWI’s effective share of these stocks is approximately RM650 million. With regard to all launches for the remaining sites, these will continue to be put on hold given the ongoing weak sentiment amongst homebuyers and significant cost inflation in the UK. We will consider proceeding with launches only when market conditions improve, cost pressures stabilise and expected returns that meet the group’s requirements can be forecast with greater certainty,” he said.

“As such, EWI’s target for FY2024 is to sell out all our remaining completed and near completed stocks(approx. 650M), with the aim of distributing the excess cash generated back to our shareholders, net of the amounts required for the group’s pared down operational requirements,” he added.
After dividend...will go down below...@0.30/share!?
#2024's Dividend/Capital Reduction...How Much!? Probably around 0.125/share!?
Then it's worth to hold at what Price!?

RISK8888

2,228 posts

Posted by RISK8888 > 2 months ago | Report Abuse

1Q operating expenses is 10mil. Don’t know wat make them spend so much? Better sell off the company and pay back capital to shareholder.

Realrich

1,068 posts

Posted by Realrich > 2 months ago | Report Abuse

We should appreciate ewint they return the money as dividends paid to us. You can see most of the company never return any funds to shareholders. They eat all your money

Realrich

1,068 posts

Posted by Realrich > 2 months ago | Report Abuse

Risk888 ekovest worse than Edwin they spent more the analysis already mention ekovest is overvalue and overspend and never return money to shareholders. Now want issue new share to eat all minority shareholder

Sslee

4,165 posts

Posted by Sslee > 2 months ago | Report Abuse

Go buy KSL. KYY favorite most undervalued property stock.

Posted by value_seeker > 2 months ago | Report Abuse

The company cash in hand is 295m and if 2024 sold all the real estate completed @ 650 million will have total cash 945m. The December dividend 144m and therefore, if able to sell all completed real estate the cash in hand will be 801m ( Need to factor in other expenses for actual nett ). The cash per share will be 33 cents ( exclude operating expenses in 2024 ). Ewint still has assets, land bank, in UK for development. Is Ewint over price @ 36.5 cents per share or it is worth more?

Posted by value_seeker > 2 months ago | Report Abuse

The cash 33 cent assume the completed project @ 650 millions are sold and exclude 2024 operating expenses. What is the reserve for development project and operating expenses? The nett left will be up to management and i hope more dividend.

Posted by value_seeker > 2 months ago | Report Abuse

Am i correct?

Realrich

1,068 posts

Posted by Realrich > 2 months ago | Report Abuse

I think 36.5 cents - 6 cents 30. 5 cents =33 cents remain need to share further losess. The fair value after dividend paid is 0.28 to 0.33. If Edwin no need share losess it worth 0.33 but if continue share losess the cash will become zero

Posted by value_seeker > 2 months ago | Report Abuse

How about their land bank value?

Realrich

1,068 posts

Posted by Realrich > 2 months ago | Report Abuse

It depend how long you can hold the share. Because want to sale all remaining houses also not easy. 0.28 to 0.33 is the short term value let say 3 month until next quarter result. To see how much losses again to decide remaining value of the company

Post a Comment
Market Buzz