ECO WORLD INTERNATIONAL BERHAD

KLSE (MYR): EWINT (5283)

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Last Price

0.345

Today's Change

0.00 (0.00%)

Day's Change

0.34 - 0.35

Trading Volume

1,725,700


7 people like this.

6,181 comment(s). Last comment by Sales 3 hours ago

hng33

19,978 posts

Posted by hng33 > 1 month ago | Report Abuse

sold at 42sen

yongyong88

473 posts

Posted by yongyong88 > 1 month ago | Report Abuse

waiting for 44sen

sunnyspoon

440 posts

Posted by sunnyspoon > 1 month ago | Report Abuse

Buy more

fortunefire

1,413 posts

Posted by fortunefire > 1 month ago | Report Abuse

fired my first batch of bullet at 0.38

hng33

19,978 posts

Posted by hng33 > 1 month ago | Report Abuse

bought back at 40.5- 41sen

warchest

1,781 posts

Posted by warchest > 1 month ago | Report Abuse

add more at 40.5.

Posted by moneycome123456 > 1 month ago | Report Abuse

Eco World International Bhd president and chief executive officer Datuk Teow Leong Seng.

PETALING JAYA: Eco World International Bhd (EWI) achieved RM433mil sales exchanges plus reserves of RM85mil, adding up to a total of RM518mil in the seven months period of its financial year ending Oct 31, 2024 (FY24).

In a statement, the property developer said it recorded a loss before tax of RM13.9mil in the second quarter of its current financial year (2Q24) compared to loss before tax of RM2.1mil in 2Q23.

It said this was mainly due to lower gross profit as stocks in its Australian projects are largely fully sold; impairment loss on amount owing by EcoWorld London as the joint venture continues to invest resources to procure better planning consents for its remaining projects; as well as lower foreign exchange gains from appreciation of the British Pound against the ringgit.

Including net cash balances at joint ventures, EWI said the group has a total cash balance of RM349mil as at April 30, 2024.

Premised on the healthy cash position, the board declared a first interim dividend of six sen per share for FY24, which translates to RM144mil.

President and CEO Datuk Teow Leong Seng said the group's sales are on track with the value of unsold completed stocks reduced to about RM400mil, of which its effective share is about RM300mil.

He added that the board is maintaining its target of generating excess cash of up to RM500mil - which will be distributed to shareholders in tranches over 2024 and 2025 - by selling its completed stocks.

"We are monitoring market conditions closely and finding ways to improve the profitability of our remaining projects.

"While the current environment is challenging, the UK real estate market nonetheless presents opportunities in the longer term, judging from the strong rental rates in London."

Teow said the group will proceed with launches when cost pressures stabilise and the expected returns of undertaking such launches can be forecast with greater certainty.

sunnyspoon

440 posts

Posted by sunnyspoon > 1 month ago | Report Abuse

Good dividend buy more

drkelvin20

694 posts

Posted by drkelvin20 > 1 month ago | Report Abuse

this stock giving good dividend, especially for those who have averaged down the cost..say if we got around 40-50-60 sen...this stock is still potential....

Its tough if you don;t average down.



sunnyspoon

440 posts

Posted by sunnyspoon > 1 month ago | Report Abuse

6 sen dividend👏👏👏

ykloh

514 posts

Posted by ykloh > 1 month ago | Report Abuse

6 sens dividend? Check again please.

hng33

19,978 posts

Posted by hng33 > 1 month ago | Report Abuse

sold at 41.5sen

Lyon91

99 posts

Posted by Lyon91 > 1 month ago | Report Abuse

Are this dividend id from capital reduction again?

investor77

793 posts

Posted by investor77 > 1 month ago | Report Abuse

For RM 420, gets 60 rgt in dividend. 60/420 or 100/7 is 15% Div Yield !! Higher than FD and EPF !! Dont have to wait 1 year somemore !! More to come !!

sunnyspoon

440 posts

Posted by sunnyspoon > 1 month ago | Report Abuse

Just first interim dividend 6sen, 2nd interim ???, 3rd interim ??? , final dividend. ???, buy buy

sunnyspoon

440 posts

Posted by sunnyspoon > 1 month ago | Report Abuse

0.50

8u29song

2,706 posts

Posted by 8u29song > 1 month ago | Report Abuse

huh...like that sure big untunglah....IF after ex price remain as b4 ex...

DickyMe

14,631 posts

Posted by DickyMe > 3 weeks ago | Report Abuse

"hng33

sold at 41.5sen

1 week ago"
===========
👍👍

Sales

3,237 posts

Posted by Sales > 3 weeks ago | Report Abuse

Ricky, why ypu sold so early, another 0.15sen by 2025

warchest

1,781 posts

Posted by warchest > 3 weeks ago | Report Abuse

Short-term, we expect it to get back the value of RM1.20. Currently, the dividends paid are 45 cents. add to the current price, is 88.5. I expect we can have at least another 31.5 cents of upside

warchest

1,781 posts

Posted by warchest > 3 weeks ago | Report Abuse

time is the best value accretion

fortunefire

1,413 posts

Posted by fortunefire > 3 weeks ago | Report Abuse

UK property market does not look good. Upcoming QR likely at loss.

DickyMe

14,631 posts

Posted by DickyMe > 3 weeks ago | Report Abuse

15 sen coming soon after dividend payment.

fortunefire

1,413 posts

Posted by fortunefire > 3 weeks ago | Report Abuse

keep dropping as expected. TP 0.28

DickyMe

14,631 posts

Posted by DickyMe > 2 weeks ago | Report Abuse

UK will be pariah of Europe.

fortunefire

1,413 posts

Posted by fortunefire > 2 weeks ago | Report Abuse

UK property bubble is coming soon?

DickyMe

14,631 posts

Posted by DickyMe > 2 weeks ago | Report Abuse

20 sen, in 2 to 3 months time.
If earlier, jackpot!

fortunefire

1,413 posts

Posted by fortunefire > 2 weeks ago | Report Abuse

unlikely to drop further since PCB is keen to take up more shares.

geary

6,275 posts

Posted by geary > 4 days ago | Report Abuse

Stock: [EWINT]: ECO WORLD INTERNATIONAL BERHAD.
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...🙏
At present...NTA/Cash Value/NCAV: #0.64/0.05/0.17 per share respectively.
Holding Price now approximately below...@0.17/share... absolutely safe!?
Another round of capital reduction of around #0.15/share or more!?
PCB average is below #0.33. My average below 0.23(Minus DY:#0.12).
Just...Hold...PCB management is conservative. They are efficient...Plus Tan Sri Liew KS...both has moral integrity... friendly to shareholders.
Be Patient!
UK/AU property will prevail...maybe other countries property development!?
Trade/Hold at your own Risk!
Mr. Market is Unpredictable!

Posted by moneycome123456 > 3 days ago | Report Abuse

Tq ewint for dividend, get it

Sales

3,237 posts

Posted by Sales > 3 hours ago | Report Abuse

Tan Sri is very generous in dividend. Just keep for dividend and never go wrong.

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