Posted by hng33 > 2019-09-11 13:12 | Report Abuse

The change in currency exchange between pound and RM will only reflect in company assets and liabilities, recorded in change in NTA

These change in currency however will affect company profit margin. As long as company report profit in coming Q3 result (due to lumpy profit recognition after 2 block of london island city handover unit), lower currency pound will only affect lower RM profit, but still better than none.

Ecoworld control about 27% EWI, the upcoming EWI report profit will equity account in ecoworld upcoming EPS, show as incremental earning rather than equity account loss in previous Q2 when EWI report Q2 loss due to very mall number of unit handover.

EWI also adopt natural currency hedging. The company borrows in different currencies and remit these for UK project in pound and to Australia in AUD and these are swapped back into the borrowing currency. As for RM denominatred MTN, EWI remit the fund to the projects based on the required cuurency and are swapped back to RM. Hence, the fund raised will not be subject to exchange rate fluctuation. It is however, may incur some forex gain/loss in the these swap process.

Posted by 10bagger10 > 2019-09-11 13:42 | Report Abuse

Hng sifu, is it time to buy?

Posted by hng33 > 2019-09-11 14:12 | Report Abuse

Block B and C of London city island had commenced handover in May 2019. These 2 block of apartment worth GDV RM 1 billion will be reflected in upcoming Q3 result (May-July).

In additional, phase 3A of Aberfeldy Village also handover commenced in April 2019.

Posted by 10bagger10 > 2019-09-11 15:17 | Report Abuse

So eps will explode?

Posted by 10bagger10 > 2019-09-11 15:19 | Report Abuse

Sifu bought mother or wa?

Posted by nekosaan > 2019-09-11 22:34 | Report Abuse

hng33 don't talk rubbish lar, malton and parkson loss more than 100k, now pretend like expert, go chowkit sell your back side pay debt better, don't talk rubbish here, london city progress you know nothing, Fxxxxxxxxx Off !

Posted by nekosaan > 2019-09-11 22:37 | Report Abuse

hng33, don't bullshxx here, do you know what is forex loss, dun simply cut and paste here, go sell back side then study accounting first, shame of you, rubbish !

Posted by WY Chan > 2019-09-11 23:19 | Report Abuse

chillman

Posted by bukithot > 2019-09-12 07:13 | Report Abuse

Brexit: UK government publishes worst-case scenario for no-deal

Posted by bukithot > 2019-09-12 07:13 | Report Abuse

https://m.dw.com/en/brexit-uk-government-publishes-worst-case-scenario-for-no-deal/a-50391072

Posted by hng33 > 2019-09-12 09:58 | Report Abuse

UK to allow foreign students to stay for two years after graduation to find work
Thursday, 12 Sep 2019

LONDON: International students will be able to stay in Britain looking for work for up to two years after they graduate under new rules announced by the government on Wednesday.

Under current rules, introduced by former prime minister Theresa May when she was interior minister, students are only allowed to stay for four months after they finish their degree.

“The important contribution international students make to our country and universities is both cultural and economic. Their presence benefits Britain, ” Education Secretary Gavin Williamson said in a statement.

“Our universities thrive on being open global institutions. Introducing the graduate route ensures our prestigious higher education sector will continue to attract the best talent from around the world to global Britain.”



There will not be a cap on the number of students who can apply for the graduate route, it said. There are about 450,000 international students a year studying in Britain.

It will apply to those who start an undergraduate level or above course from next year in any subject at “a trusted UK university or higher education provider which has a proven track record in upholding immigration checks”.

“About time. Should have reversed this silly policy years ago. Britain should always be open to the best talent from across the world, ” finance minister Sajid Javid said on Twitter.

But with concerns over levels of immigration a key driver behind Britain’s 2016 vote to leave the European Union, the move was not universally welcomed.

Migration Watch, which campaigns for less immigration, said it was a “retrograde step” which would lead to foreign students staying in Britain to carry out low-skilled jobs.

“The government only seems to come up with ideas for how to increase immigration, ” it said on Twitter.

“Our universities are attracting a record number of overseas students. There is no need to devalue a study visa by turning it into a backdoor route for working here.” - Reuters

Posted by hng33 > 2019-09-12 09:59 | Report Abuse

The new policy augur well for EcoWorld massive built to rent project in London

Posted by hng33 > 2019-09-12 10:48 | Report Abuse

Add more EWI at 62sen

Posted by nekosaan > 2019-09-12 11:00 | Report Abuse

Brexit Uncertainty Casts Long Shadow Over U.K. Property Market

Posted by nekosaan > 2019-09-12 11:01 | Report Abuse

The U.K. property market is still lumbering under the weight of Brexit.

Most areas of the country saw flat or negative sales last month, while a gauge of expectations for sales in the next three months slumped to the weakest level since February, according to a report by the Royal Institution of Chartered Surveyors on Thursday. New instructions to sell were flat for a third month and RICS’s headline index of prices remained negative.

Posted by nekosaan > 2019-09-12 11:02 | Report Abuse

London and its surrounding regions have borne the brunt of the housing market downturn since the 2016 vote to the European Union. Respondents across the capital, the South East and East Anglia reported an outright decline in prices again in August, but those in Scotland, Northern Ireland and Wales said values remained firm.

“It is hard to get away from the shadow being cast over the housing market by the seemingly never-ending Brexit saga,” said Simon Rubinsohn, RICS chief economist. “Uncertainty is a theme that respondents continue to highlight as a negative influence on sentiment in survey after survey.”

Prime Minister Boris Johnson may be forced to delay Brexit past the current Oct. 31 deadline if he can’t negotiate a new withdrawal agreement with the bloc. That will keep buyers and sellers on edge as they absorb the impact of Brexit on the economy.

Posted by nekosaan > 2019-09-12 11:04 | Report Abuse

hng33, your sell your backside RM20 per transaction,you got money to buy ? Don't talk rubbish

Posted by Glopac > 2019-09-12 11:06 | Report Abuse

妈妈180，000股和儿子750，000股，今天儿子最后200，000股终于放完了，而且是最低价（汗颜）。。。从原本去年八月纸上盈利7x K到现在亏到不清不楚，天天都在骂自己太看好它了。老板天天唱好，我也天真信了，原本想顶到这个九月尾的财报看有没有一丝希望，但是股价一直让我失望，多两个星期怕渣都没有。再看到英国的兽象真的是没眼看。只是发发牢骚，做个记录提醒自己的错误，请绕过，不用鸟我。

Posted by hng33 > 2019-09-12 11:28 | Report Abuse

Eworld already breakout 70sen, uptrend line. EWI to follow next, its matter of time as stronger Q3 result will release next week

Posted by 10bagger10 > 2019-09-12 11:29 | Report Abuse

Sifu hng, how strong is that strong?

Posted by hng33 > 2019-09-12 11:39 | Report Abuse

Think out of box, positively, thanks to Brexit outstanding issue, as if without it, both EWINT and Ecoworld are impossible to trade at current level.

Also thanks to Brexit outstanding issue, EWINT able to secure good deal in built to rent as demand for housing shifted from own to rent

Posted by 10bagger10 > 2019-09-12 12:08 | Report Abuse

1 week.

Posted by nekosaan > 2019-09-12 12:19 | Report Abuse

hng33 don't be stupid, go sell backside settle your debt

Posted by KAQ4468 > 2019-09-12 12:22 | Report Abuse

woooooo

Ah Heng ....still hidup lagi ka ????



kah kah kah

Posted by RainT > 2019-09-12 19:42 | Report Abuse

waiting to start invest in this company

hope don't up too fast yet

Posted by 7300 > 2019-09-12 19:45 | Report Abuse

brexit....fast coming

Posted by hng33 > 2019-09-13 12:30 | Report Abuse

https://www.theguardian.com/politics/2019/sep/11/scottish-judges-rule-boris-johnsons-prorogation-unlawful

Posted by nekosaan > 2019-09-15 12:34 | Report Abuse

https://www.bloomberg.com/news/articles/2019-09-14/johnson-set-to-defy-ban-on-no-deal-brexit-and-fight-on-in-court

Posted by nekosaan > 2019-09-15 12:35 | Report Abuse

hng33 don't be stupid, go sell backside settle your debt

Posted by nekosaan > 2019-09-15 12:39 | Report Abuse

TP RM 0.50

Posted by LKOH > 2019-09-15 14:22 | Report Abuse

Final format of Brexit is anyone guess...

Posted by RainT > 2019-09-19 09:50 | Report Abuse

share price stuck at range

Posted by Icon8888 > 2019-09-19 17:20 | Report Abuse

RM58 mil net profit !!!!!

fuiyoh !!!

Posted by hng33 > 2019-09-19 17:23 | Report Abuse

:DDDDDDDDDDDDDDDD)

Posted by hng33 > 2019-09-19 17:29 | Report Abuse

Next Q4 result will be even stronger due to more property to handover.

Q3: 2 block London city island (net profit profit 58m)
Q4: 2 block London city island + Embassy Garden. (net profit >> RM 58m)

Expect dividend to declare next

Posted by bluemoon22 > 2019-09-19 17:33 | Report Abuse

this time huat liao...

Posted by Icon8888 > 2019-09-19 17:34 | Report Abuse

if they sort out Brexit properly, this stock can go 120

Posted by Icon8888 > 2019-09-19 17:34 | Report Abuse

easily

Posted by hng33 > 2019-09-19 17:37 | Report Abuse

be patients, await for UK supreme court ruling to clear Brexit prorogation battle

https://www.bbc.com/news/uk-politics-49735947

Posted by Ricky Kiat > 2019-09-19 17:49 | Report Abuse

dumb dumb hold....

Posted by abang_misai > 2019-09-19 18:00 | Report Abuse

Alhamdulillah. Berkat doa serta sabar menunggu.

Posted by Icon8888 > 2019-09-19 18:02 | Report Abuse

still 5.8 billion unbilled sales

all eyes on Brexit, pray goes well

Posted by GoldenShares > 2019-09-19 18:13 | Report Abuse

within expectation

Posted by hng33 > 2019-09-19 19:20 | Report Abuse

Please take note that these latest Q3 result profit and unbilled sales are based on exchange rate 5.02. If compared to current rate 5.22, the sales and upcoming Q4 profit will be even higher.

Posted by hng33 > 2019-09-19 20:18 | Report Abuse

Boris Johnson news – live: Government admits it cannot meet Brexit ultimatum, as Supreme Court hears PM's reasons for suspending parliament ..........

Posted by leelc99 > 2019-09-19 20:33 | Report Abuse

Let's see if tomorrow will start train uptrend!

Posted by hng33 > 2019-09-19 21:00 | Report Abuse

EcoWorld Group reports best ever quarterly earnings
Thursday, 19 Sep 2019

KUALA LUMPUR: The EcoWorld Group posted its best ever quarterly profits on strong sales and higher handover of completed units on both local and international fronts.

In the third quarter ended July 31, net profit at EcoWorld Malaysia jumped 81% to RM50.5mil compared with RM27.8mil made a year ago.

Revenue was up 15% to RM521.4mil.

“Our profits for 3Q FY2019 are the highest we have ever achieved since we first started," president & CEO of EcoWorld Malaysia Datuk Chang Khim Wah said.

He said in the final quarter of the financial year, EcoWorld Malaysia will begin unveiling new phase launches at its various projects as it presses on to achieve the two-year RM6bil sales target set for FY2019 and FY2020.

As at Aug 31, Eco World’s effective stake in the future revenue of properties sold by its subsidiaries and joint-ventures remained high at RM5.86bil.

Separately, Eco World International Bhd (EWI), saw its net profit jumping 350% to RM57.94mil from RM12.85mil in the previous corresponding period, mainly due to higher recognition of revenue and profit by its joint-venture projects in the United Kingdom.

EWI said it recorded RM773mil in sales in the first ten months of 2019, with the group’s projects in the UK generating RM686mil in sales, while those in Australia recorded RM87mil.


Read more at https://www.thestar.com.my/business/business-news/2019/09/19/ecoworld-group-reports-best-ever-quarterly-earnings#8EH6VLJA0vYutTK5.99

Posted by Icon8888 > 2019-09-19 21:43 | Report Abuse

This is just the beginning

Over the next two years, every quarter will be like this

Posted by smalltimer > 2019-09-19 22:32 |

Post removed.Why?

Posted by smalltimer > 2019-09-19 22:35 | Report Abuse

No dividend for what?