ECO WORLD INTERNATIONAL BERHAD

KLSE (MYR): EWINT (5283)

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Last Price

0.325

Today's Change

0.00 (0.00%)

Day's Change

0.325 - 0.33

Trading Volume

402,300


6 people like this.

6,262 comment(s). Last comment by RISK8888 2 days ago

RISK8888

2,225 posts

Posted by RISK8888 > 2 months ago | Report Abuse

100mil impairment almost 4sens per share. Every qtr impairment, your 0.33 will become zero in months. Fail management.

Realrich

1,035 posts

Posted by Realrich > 2 months ago | Report Abuse

Risk888 ekovest even worse issue new share 50% diluted faster die. Ewint at least distribute the 33cents and 6 cents =39 cents back to shareholders. My holding cost is zero already

Posted by Patient Investor > 2 months ago | Report Abuse

anyone took the recent dividend payout and buy more ewint shares at 0.28-0.30 range will be laughing to the bank at 30% gain within a year.

Realrich

1,035 posts

Posted by Realrich > 2 months ago | Report Abuse

Me buy a lot at 0.29

soon9913

2,401 posts

Posted by soon9913 > 2 months ago | Report Abuse

they will not have sales in year 2025 /2026 also le.... what their target now is to sell existing stock in year 2024 only

soon9913

2,401 posts

Posted by soon9913 > 2 months ago | Report Abuse

Feb rate will be reduced from 2H of 2024, please foresee new launching could be end 2024/ 2025 ady, plus construction time, likely sales will be coming in in year 2026/ 2027 only.

soon9913

2,401 posts

Posted by soon9913 > 2 months ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-12-15-story-h-212377743-Eco_World_Dev_Group_Driven_by_Industrial_Products

Above expectations. ECOWLD’s FY23 core net profit of RM271.3m (adjusting for a one-off RM82.0m impairment on EWINT) beat our fullyear forecast by 11% and consensus full-year estimates by 6%. The variance against our forecast came largely from better-than-expected margins despite a high concentration on affordable products (i.e. Duduk).

soon9913

2,401 posts

Posted by soon9913 > 2 months ago | Report Abuse

if such good biz and prospect, why ecoworld provide impairment on eco international?

Realrich

1,035 posts

Posted by Realrich > 2 months ago | Report Abuse

I sold 0.38 already earn 4 cents thank you. 2 month ago I buy 0.29 sale 0.375 I earn 8.5 cents. So 2 times totally I earn 12.5 cent. A big bonus for my Christmas present

soon9913

2,401 posts

Posted by soon9913 > 2 months ago | Report Abuse

realrich, what is next counter

soon9913

2,401 posts

Posted by soon9913 > 2 months ago | Report Abuse

aiya, boss starts selling ady even not yet got the dividend

Lyon91

69 posts

Posted by Lyon91 > 2 months ago | Report Abuse

@soon9913 same as previous qr results out,boss hardly selling make the price down😥

Posted by Fundamental Trader > 2 months ago | Report Abuse

This company is becoming like a ponzi scheme by giving high dividend yield and kept making losses EVERY SINGLE QUARTERS CONSISITANTLY. RED FLAG.

CharlesT

14,517 posts

Posted by CharlesT > 2 months ago | Report Abuse

IPO@RM1.20 in 2017

Over the years paid a total RM0.45 (Div / Special Div)...

Obviously a lousy investment with Tan Sri Liew

Posted by Patient Investor > 2 months ago | Report Abuse

Despite so many condemning comments has been made since the capital reduction, and yet price still remains above 30 cents :)

Lyon91

69 posts

Posted by Lyon91 > 2 months ago | Report Abuse

Boss buy Back?

mkmk

1,511 posts

Posted by mkmk > 1 month ago | Report Abuse

25 sen coming!!!! Realrich said one....

Lyon91

69 posts

Posted by Lyon91 > 1 month ago | Report Abuse

Then I wait first to buy back

warchest

1,679 posts

Posted by warchest > 1 month ago | Report Abuse

Something that it needs to clarify on the Q4 2023's results:-

(i) There were impairment losses of an amount owing of RM90.9 by EcoWorld London. What was the basis for such impairment losses;

(ii) The admin and general expenses are still at elevated levels of RM10.6m per quarter vs YOY of RM9.3m despite much reduced activities. What was the reason behind this?

RISK8888

2,225 posts

Posted by RISK8888 > 1 month ago | Report Abuse

i mention before this company is mismanage. they need to close down fast, otherwise all money will be burn to ash. now you start to worry. their product is all over price, selling off means stock value will need to be write off. causing account show losses. those admin cost mostly paying their fat salary, this group of management better close shop and return all money to shareholder!

mkmk

1,511 posts

Posted by mkmk > 1 month ago | Report Abuse

Steady, will drop to 25 sen then RealRich sapu habis then continue drop…

Steve64

50 posts

Posted by Steve64 > 1 month ago | Report Abuse

Maybank Research last week came out with report that further 24cts dividend to be paid out in 2024....based on current price of 30cts that's a whopping 80 plus%...

Posted by Patient Investor > 1 month ago | Report Abuse

Liew Kee Sin shareholding has increase to a level of more than before he start selling. :)
Let's wait for the unlock of land bank value.

RISK8888

2,225 posts

Posted by RISK8888 > 1 month ago | Report Abuse

maybank tipu la, capital reduction program will only allow them to pay back max 1.3bil (1.5bil less acc.losses 200mil). apparently already pay out 932mil. so balance 350mil (max) payout remains.max 15cts or less.

Posted by Patient Investor > 1 month ago | Report Abuse

not really, as long they can generate more cash inflow from the subsidiaries and JV. there's more to be distribute through CRP

RISK8888

2,225 posts

Posted by RISK8888 > 1 month ago | Report Abuse

of course good la if they willing to pay more, i want all of their cash as max as possible. cause this kind of mismanagement, keep burning cash only. better give back all and sell off the company and close shop. cannot get 1.20 but get back 1.00 also good.

Posted by Patient Investor > 1 month ago | Report Abuse

To be fair, besides blaming the management, perhaps you should ask yourself how come you didn't buy a lot at 25 cents pre distribution and reinvest around 25 cents after distribution.
With such you would have be in profit.

Steve64

50 posts

Posted by Steve64 > 1 month ago | Report Abuse

Today another new high after exdividend ...

Last yr 33cts plus this yr 6cts plus current price 34cts = 73cts alrdy..if u bought at 25cts...one yr ago...laugh..laugh..laugh.

warchest

1,679 posts

Posted by warchest > 1 month ago | Report Abuse

Let me put this thing into context. I can say that the venture into UK and AUS generally is a failure. Else this actually not only worth RM1.20 (IPO price) but probably worth RM2 at least after 7 years. All the narratives of glut in the property market in the UK & Build-to-rent somehow didn't work according to the plan. Notwithstanding this, conservatively I believe this Company can at least extract RM1 of value, including dividend payouts

RISK8888

2,225 posts

Posted by RISK8888 > 1 month ago | Report Abuse

Yalor, so I suggest that they privatise it and to pay back rm1 to shareholder. Thereafter they can main sendiri sesuka hati. Don’t waste our time.

drkelvin20

669 posts

Posted by drkelvin20 > 1 month ago | Report Abuse

Actually Warchest/Risk8888 are both right...the company is a damn failure....initial IPO Rm 1.2, after 7 years, now is 70sen+ with all dividends factored, isn;t a big failure?the way the run this company, they way they strategize thier biz, all a big failure...thas why you see they are under pressure (most likely from QLC CUCCO group) to recoup the initial investement via dividend payout.

The TS LKS and his geng think they can cling on to burn the money...but i beleive the CUCCO side will not allow.

Anyway, for those who nibble at around 50-40,30 sens, i beleive the current price has exceed your average price...so its not a big deal now as these group of investors have recoup thier investment.

But still, we have to admit, this is a failure company.

drkelvin20

669 posts

Posted by drkelvin20 > 1 month ago | Report Abuse

i believe most of us averaged down to 60-50sen ++...with some not averaging down at all, and now suffer almost 50% loss.

I don;t believe those guy who claim they nibble at lowest of 25 sen...having 20-30 sen low average.

Normally if you are keen investor, you either invested much high price, and averaging down alsowly, or you don;t invest at all...
You cannot be going in at just the right time to get at 25 sen...no way!
From IPO price rm1.2, some invested at 80 sen, 70 sen, 60 sen, 50 sen ++even 40 sen, but the average price is higher than 40 sen i believe.

drkelvin20

669 posts

Posted by drkelvin20 > 1 month ago | Report Abuse

So my point here is, i beleive most of us in same fate, stuck around 50-60sen++ having some surplus due to now 34sen+33+6 sen dividend...

but we need to admit, this is a lousy investment!!!!, 7 years, if keep your investement in bank, you can have 30% added on your initial investement amount..

so this company is a failure.

drkelvin20

669 posts

Posted by drkelvin20 > 1 month ago | Report Abuse

Unless, CUCCO Land, TanSri GLC step in, inject more, coming our more plans, otherwise...its a failed company, going to be holding company with all management sitting there burning the money until the group retired.

RISK8888

2,225 posts

Posted by RISK8888 > 1 month ago | Report Abuse

Wow, finally you people recognise the failure of the management. Selling 20bil properties and not getting a sen profit over the years. Non stop impairment, cash burning paying big fat salaries. Faster tapao, earlier better.

drkelvin20

669 posts

Posted by drkelvin20 > 1 month ago | Report Abuse

hi RISK8888,
dude, not finally, most of us know this isn;t a very successful investment after fiorst few years, but thanks to the stratagey to average down, many of us having some gain due to averaging down..not much though, but the gain is like compensating our investement + interest....so we aren;t too upset... and because the fact the current share price + dividends, already exceeed most of our averaged down buying price, so we are in comfort zone dude.

I never say this is a good investment from day 1....its crystak clear this is a lousy company led by lousy management....only the thing is how do we get back our investment plus return, and most of us have it back, so its lesson learn, then we contonue sit on here on board to see how it goes...

drkelvin20

669 posts

Posted by drkelvin20 > 1 month ago | Report Abuse

RISK8888
dude, i am very sure only very few will think this company is a good investment..i am sure also...if the share price plunge below 25-30 sen, most of us will run....thas because we all, most of us, we have no confidence in it... we are are just riding on the current surplus now...



drkelvin20

669 posts

Posted by drkelvin20 > 1 month ago | Report Abuse

dude, you didn;t average dowb, thas big mistake, and now is too late...thas difference between us....but i agree with you, since 2-3 years after IPO investement....i 100% agree with you, this is a lousy company led by lousy management...who probably just cling on to enjoy fat pay, fat allowance etc..

drkelvin20

669 posts

Posted by drkelvin20 > 1 month ago | Report Abuse

Many of us already recoup investment fund+ interest....i hope the big share holder like CUCCO Land, also recoup enough, otherwise, CUCCO Land+TS GLC is the bigger loser here dude...thier investment is much larger than yours dude...

drkelvin20

669 posts

Posted by drkelvin20 > 1 month ago | Report Abuse

and on the other hand, some of us decide to cling on here, we bear some hope, if the current big boss TS LKS give up this, and CUCCO PLD with more capital fund to shape the future, then i see there is slight hope where in 2-3 years time (when property boom again), the share price will go up to Rm 1+++ under new leadership...

If the company remain with the TS LKS and his geng, you can expect the similar trend in share price...the guy will sell at high before dividend, and buy after x -date, to make that different gains....lowest level of money making tricks.

-----
Diclaimer, above all are personal jurisdiction, not a buy call or sell call...not targetting on any individual....above is story telling

Posted by moneycome123456 > 1 month ago | Report Abuse

Eco World International Bhd

Although Eco World International Bhd (EWI) is loss-making, the property developer, which has a presence in the UK and Australia, is set to continue paying out dividends for the current financial year ending Oct 31, 2024 (FY2024).

According to Maybank Investment Bank Research, EWI is likely to pay another RM600 million, or 25 sen per share, as dividends in FY2024. For FY2023, the property developer has paid out RM792 million and will be paying out RM144 million on Jan 17, 2024, bringing total dividends for the financial year to RM936 million, or 39 sen per share.

Maybank IB Research’s forecast dividend per share of 25 sen translates into a yield of 81.9%, based on EWI’s share price of 30.5 sen last Friday.

EWI has been in the red since FY2022, reporting losses after tax (LAT) of RM234.42 million, on account of the challenging operating environment as central banks around the world embarked on monetary tightening and higher costs as a result of the Russia-Ukraine war, tight labour market and supply chain disruptions. Because of these factors, cost revisions were required on several ongoing projects, which reduced gross margins.

For FY2023, its LAT narrowed to RM85.37 million.

Nevertheless, the group strengthened its balance sheet on the back of stronger sales, turning net cash in FY2022. Its net cash position improved to RM295.24 million as at Oct 31, 2023, from RM172.53 million a year ago.

In its latest quarterly financial statements, EWI said it aimed to sell completed or nearly completed houses worth RM850 million as at Oct 31, 2023, in FY2024, and distribute the excess cash generated (net of working capital requirements) back to shareholders. It added that launches for its “remaining sites continue to be put on hold”, pending feasibility reviews, given the weak sentiment among homebuyers and significant cost inflation.

Maybank IB Research, the only brokerage covering EWI, expects the group to remain loss-making until it decides to launch new projects. It has a “hold” call on EWI, with a target price of 26 sen.

RISK8888

2,225 posts

Posted by RISK8888 > 1 month ago | Report Abuse

I’m waiting them to privatise and pay back remaining capital to me. Since they holding back new launches, the valuation will be more straightforward to work out for privatisation.

Posted by Patient Investor > 1 month ago | Report Abuse

@RISK8888 The only reason they privatise is they see potential way beyond the offer price. so why hope they privatise and pay us peanuts?

RISK8888

2,225 posts

Posted by RISK8888 > 1 month ago | Report Abuse

Cause blindly take fat salary will burn off the cash, better pay us back our capital.

Posted by Jonathan Keung > 3 weeks ago | Report Abuse

Only issue .collapse of China property Evergrande group have a ripple effect in our counters. HK court order liquidation of China Evergrande assets

Posted by value101 > 3 weeks ago | Report Abuse

don talk like a kid la. risk888. go goreng your aax or whatsoever. And to remind you, you think 1 million ringgit for a ceo is huge. That is not a fat salary. broaden your mind before you come to spread your broken vibes. invest your mind, do you think they bother to pay you this 39 sen of dividend while they can keep within themselves? 2.8 billion of funding and i see they have finished a 10 plus billion work. debt free + land bank+ retained earnings. Don't make here stinks. Cry to your mama while not averaging down your pricing.

RISK8888

2,225 posts

Posted by RISK8888 > 3 weeks ago | Report Abuse

Don’t waste time here value 101, ewint no future, project stop running. Going to die soon. It going to burn your money into ash.

Plantermen

2,043 posts

Posted by Plantermen > 3 weeks ago | Report Abuse

Slowly it will drift into PN 17 status if no new business is injected. And cash run out and all their UK remaining property units sold.

Posted by value101 > 2 weeks ago | Report Abuse

ya plantamen. like ur name. easy to melt when hot. run now before it is too late. This name fit you well.
and to remind you, business has it cycle. you don't have to run your "business" everyday to remind you are actually doing ok. cash flow is the bloodline, the most important factor in business. sometimes, it is better not to do than do a lot. again, broaden your mind with risk888. You guys should be in a pair to go for some random online invest101 class

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