Posted by mmk79 > 2019-12-16 12:00 | Report Abuse

I still holding tight tight, not even 1 share dispose.

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Icon8888
https://klse.i3investor.com/blogs/icon8888/248015.jsp

Posted by JackOffAllTrade > 2019-12-16 12:28 | Report Abuse

letss gooooo drop drop to 80 cents

Posted by AlexTrader > 2019-12-16 12:38 | Report Abuse

this quarter 800m contributes 160m profit because of pound at 5.4, last quarter same 800m but only 76m profit because pound at 5.0, if pound is getting stronger and unbilled sales at 5billion, one more year will be around rm 2.30

Posted by harlem > 2019-12-16 13:23 | Report Abuse

"That's why the first piece of legislation new MPs will vote on will be the Withdrawal Agreement Bill."

With the large majority, the bill is expected to pass through Parliament in time to meet Boris Johnson's promise for the UK to leave the EU on 31 January.

Mr Johnson then has to negotiate a new trade agreement with the EU and have it ratified before the end of the post-Brexit transition period that ends on 31 December 2020. He has repeatedly said that the transition period will not be extended.
https://www.bbc.com/news/election-2019-50803194

Posted by harlem > 2019-12-16 13:32 | Report Abuse

Boris Johnson's Withdrawal Agreement with the EU would indeed end the UK's membership.

But it would leave some very important Brexit-related challenges still to do, including the UK's future trade relationship with the bloc, and with the rest of the world.

What might happen next year?

Under Mr Johnson's Withdrawal Agreement, the existing arrangements between the EU and UK would temporarily continue, with goods and services being allowed to flow freely across the various borders with the continent.

That arrangement is due to end on 31 December 2020.

If Boris Johnson wins a majority he says he would negotiate a Free Trade Agreement (FTA) with the EU ready to go into operation at the end of 2020.

https://www.bbc.com/news/business-50129510

Posted by harlem > 2019-12-16 14:17 | Report Abuse

In the latest press release, Dato’ Teow Leong Seng, President & CEO of EcoWorld International said:
"Sales rate of the Group’s higher-end products in London is still being affected by the ongoing
Brexit-related uncertainties."
"Our Built-to-Rent business is also progressing well, with profit recognition having commenced on the two parcels sold to Invesco Real Estate last year and numerous enquiries from other institutional investors which we expect to be able to progress with, once greater clarity is obtained on the Brexit timeline.”

So if Boris Johnson can pull off the Withdrawal Agreement with EU by Jan 2020 and a Free Trade Agreement (FTA) with the EU by Dec 2020, then Ewint UK sales definitely will soar and in that event, Ewint may then worth more than 1.50 as targeted by tyyap.

Posted by Hope333 > 2019-12-16 15:20 | Report Abuse

buying...

Posted by apalumau > 2019-12-16 15:37 | Report Abuse

From the peak, mother 19 sen off, WA 8 sen off. Fat2 lah LKS!

Posted by zzzzz > 2019-12-16 18:12 | Report Abuse

Ranging from 0.95 and above did not dip below 0.94... let's c tomorrow t3 due... might b a good chance to accumulate....

Posted by hng33 > 2019-12-16 19:23 | Report Abuse

Pound strengthening

https://www.thestar.com.my/business/business-news/2019/12/16/the-pound-is-only-heading-in-one-direction

Posted by zzzzz > 2019-12-16 21:33 | Report Abuse

T3 force selling... don sleep

Posted by harlem > 2019-12-16 22:22 | Report Abuse

Last friday, 4 UK property developers in FTSE 100 (Taylor Wimpey, Barratt Developments, Berkeley Group and Persimmon) rose more than 10% on Tories victory, while Ewint stayed flat. Soon Ewint will play catch up.

"0:57 14 Dec
FTSE 100 risers and fallers
There were some biger climbers in the blue-chip index today.

Housebuilders led the way with Taylor Wimpey +14.68%, Barratt Developments +14.01%, Berkeley Group +13.99% and Persimmon +12.01%. ......"
https://www.bbc.com/news/topics/c9qdqqkgz27t/ftse-100

Posted by harlem > 2019-12-16 22:34 | Report Abuse

The average price of a home will rise by 2% over the next year, with northern regions performing more strongly than those further south, according to predictions from the UK’s biggest property website, Rightmove.

Rightmove director Miles Shipside welcomed the certainty produced by the election landslide. “The greater certainty afforded by a majority government gives an opportunity for a more active spring moving season, with some release of several years of pent-up demand.”

Chestertons, an estate agent with offices in 30 upmarket locations around the capital, said a bounceback in London prices could be swift.

Guy Gittins, the managing director of Chestertons, said: “We expect that the considerable pent-up buyer demand which has been waiting for Brexit clarity will now be released. Sellers will in turn be encouraged by the increase in demand and are likely to start putting their properties on the market in greater numbers, and the increase in sales could see prices bounce back quite quickly.
https://www.theguardian.com/money/2019/dec/16/house-prices-predicted-to-rise-by-2-in-uk-with-the-north-leading-the-way

Posted by harlem > 2019-12-17 08:02 | Report Abuse

The stark difference in response to Ewint by local investors and to the UK property counters by UK investors on Tories victory show that local investors are not as sensitive as their UK counterpart on the Brexit issues as they are not on the ground and do not have the first hand feel. Tell that to the traditional labour voters who had crossed over to vote Conservatives this time, they certainly would agree this arguement.

Posted by harlem > 2019-12-17 08:05 | Report Abuse

Taylor Wimpey: https://www.google.com/search?q=taylor+wimpey+share+price&oq=Taylor+Wimpey&aqs=chrome.4.69i57j0l5.1775j0j7&sourceid=chrome&ie=UTF-8
Barratt Developments: https://www.google.com/search?q=barratt+developments+share+price+chart&oq=Barratt+Developments&aqs=chrome.3.69i57j0l5.2911j0j9&sourceid=chrome&ie=UTF-8
Berkeley Group: https://www.google.com/search?q=berkeley+group+share+price&oq=Berkeley+Group+s&aqs=chrome.1.69i57j0l5.5662j0j9&sourceid=chrome&ie=UTF-8
Persimmon: https://www.google.com/search?q=Persimmon+share+price&oq=Persimmon+share+price+&aqs=chrome..69i57j0l5.6738j0j9&sourceid=chrome&ie=UTF-8

Posted by harlem > 2019-12-17 08:05 | Report Abuse

Nevertheless this lethargic response to the Tories victory on Ewint by local investors present opportunities to be grabbed. Well at least Icon sifu was adding already. So what are you guys waiting for? sales figures to come in first ?

Posted by Philip Greta > 2019-12-17 13:18 | Report Abuse

there are many challenges to the developer (many of which are sinking local malaysian developers, despit HUGE unsold assets and land banks), these are how I view the qualitative challenges of a developer company:

1. how much to obtain and develop landbank into sellable product.
2. how much to price the product.
3. how much costs in financial and construction for the final product and the break even cost.
4. How much to obtain the next landbank (future growth) of the company.
5. How much money to keep to cycle the production phase.

For me, any shortage in these parts is a huge risk for a company. any of which can be hidden for a very long long time before the can of worms can blow up.

1. Take for example talamt, it took so long to build and develeop landbank that the company became basically unable to execute projects before the landbank started to be sold in pieces to other developers.
2. Wrong pricing (and timing) can lead to unsellable homes, take any development in putrajaya/cyberjaya as an example. Many developers have very high NTA but low share price due to unsellable product. (take a contrast of scientex and asiapac to see how slippery the slope can be on mistakes. Todays scientex can become tomorrows binapuri)
3. the main profit center for ewint is UK, where they are selling at 500-800 GBP per sqft. Now, how profitable is that versus acquisition costs and future expansions? that is the difficult question to ask.
5. How much is the financial debt required to ride out a development phase, hoping to hit the sweet spot in home shortage and bring in the dough to pay out all the debt, all the while avoiding the danger of overexpansion and financial disaster.

For me, I believe that EWINT is better than many developers out there in the space, but how consistently can they mint money, and how long do we "invest" in the company before an eventual downturn, overcommitment phase that seems to plague almost all developer companies?

I am sure a select group will definitely make money in this company (as icon8888 hopefully has), but if you think there will be a shortage in london forever (or the development price will be more than most buyers are willing to swallow), I think you have rude awakening incoming.

Posted by harlem > 2019-12-17 13:19 | Report Abuse

4th Qtr report, prospect for the next financial year (2020):
"Given the improving market outlook, the Board is maintaining the combined 2-year sales target of RM6 billion earlier announced for FY2019 and FY2020. Management will continue to pursue sizeable Build-to-Rent deals in the UK to achieve the sales target"

Ewint recorded RM1.123 billion sales in FY2019 and based on the combined 2-year sales target of RM6 billion, so FY2020 is targeted to achieve sales of RM4.877 billion. This new RM4.877 billion sales will be timely to replenish the existing unbilled sales, significant portion of which will be realised in FY2020.

So no worries lah newbie911, especially now that the new housing market will be boosted by the limited certainty over Brexit provided by the election.

Posted by ramada > 2019-12-17 15:05 | Report Abuse

I won't say the profit taking activities have been finished.

Posted by ramada > 2019-12-17 15:06 | Report Abuse

Let us monitoring whether EWINT can stand firm at RM1.00 in this few days or not.

Posted by apalumau > 2019-12-17 15:20 | Report Abuse

mali2... .

Posted by leelc99 > 2019-12-17 15:36 | Report Abuse

Lai liao. Can see today got action coming.

Posted by apalumau > 2019-12-17 15:40 | Report Abuse

咪走鸡咯！

Posted by mmk79 > 2019-12-17 15:45 | Report Abuse

mari mari

Posted by GoldenShares > 2019-12-17 15:46 | Report Abuse

2020, EWI Goreng Year : )

Posted by mmk79 > 2019-12-17 15:46 | Report Abuse

come come come break the rm1 wall, break the rm1 wall, break the rm1 wall

Posted by tempac > 2019-12-17 16:15 | Report Abuse

Just wonder is this OTB buy call.

Posted by leelc99 > 2019-12-17 16:25 | Report Abuse

tempac Just wonder is this OTB buy call.
17/12/2019 4:15 PM


This is sifu Icon8888 buy call.

Posted by ramada > 2019-12-17 16:40 | Report Abuse

Some downtrend stocks can buy on weakness, but some can't.

EWINT has supported by 2 good quarterly results. And it also has very good prospect in FY2020. So just give it a try.

Posted by GoldenShares > 2019-12-17 17:43 | Report Abuse

Pound stumbles on reported new Brexit deadline

“It seems like the big majority Johnson won is enabling him to take a hard line approach, which the market doesn’t like so much... Considering the UK economy looks set to deteriorate as people and companies start to leave the country because of Brexit, sterling’s short-covering rally is over,”

Posted by zzzzz > 2019-12-17 20:26 | Report Abuse

If the above news will affect Ewint.. then the price wont up today

Posted by harlem > 2019-12-17 20:27 | Report Abuse

Boris Johnson is playing hard ball with EU in trying to get a comprehensive free trade deal in less than 11 months. If he succeeded, UK economy will boom, boom, boom.

----------------------
Michael Gove has declined to rule out the possibility of a no-deal Brexit as he was challenged over the government’s decision to make it illegal to request an extension to EU alignment beyond 2020.

In its first major announcement since securing its majority in the general election, the government said it would enshrine in law a ban on extending the transition period on a Brexit deal with the EU.

This is being seen as an attempt to push the European Union to give Boris Johnson a comprehensive free trade deal in less than 11 months by presenting the bloc with a new cliff-edge.
https://www.theguardian.com/politics/2019/dec/17/michael-gove-fails-to-rule-out-no-deal-brexit

Posted by Andy0909 > 2019-12-17 20:45 |

Post removed.Why?

Posted by mrknowled > 2019-12-17 22:16 | Report Abuse

You guys know why stock price won’t go down so much? Please do more research and calculate the forward pe for EWINT. I’m sure when you realised it the current price is very cheap

Posted by WY Chan > 2019-12-18 09:33 | Report Abuse

hear the word "CURRENT PRICE IS VERY CHEAP". sound more like a trap!!!!

well.... i can just say.... I won't chase it as i suspect some operator which bought in at RM0.90+++ did not manage to let go on time....

Posted by Investeye > 2019-12-18 09:52 | Report Abuse

Yesterday already sold all for for year end bonus. Cheers!

Posted by Dato Seri John Lu > 2019-12-18 10:00 | Report Abuse

Tyyap said: 好的股，一个就好

Ewint go go go

Posted by keng88 > 2019-12-18 10:21 | Report Abuse

1.20 coming..

Posted by tanjiyao98 > 2019-12-18 11:31 | Report Abuse

Boss is still collecting, once it starts to fly pls dont chase high and regret :)

Posted by Hope333 > 2019-12-18 14:09 | Report Abuse

wah...up so much liao....lucky bought some mother and son two days ago

Posted by ramada > 2019-12-18 14:10 | Report Abuse

Buy on weakness is always better than chase high.

Posted by ramada > 2019-12-18 14:15 | Report Abuse

But majority people won't buy on weakness. They feel scared when stock price keep dropping.

Posted by apalumau > 2019-12-18 14:21 | Report Abuse

u jump i jump mah.........

Posted by Kukuman > 2019-12-18 14:24 | Report Abuse

Jump in or out? But both sides also fire

Posted by leelc99 > 2019-12-18 14:38 | Report Abuse

Got jump in only got jump out. Those who don't even jump in want talk big hahaha

Posted by tanjiyao98 > 2019-12-18 14:41 | Report Abuse

some ppl like to buy at 1.20, when 0.95 they feel like too cheap

Posted by mmk79 > 2019-12-18 16:11 | Report Abuse

hahahahaha tanjiyao98 you are absolutely right. They like expensive stuff. Not expensive not buy.

Posted by WY Chan > 2019-12-18 17:34 | Report Abuse

why u bother people buy cheap or expensive.... unless u 1 2 unload.....

Posted by zzzzz > 2019-12-18 18:45 | Report Abuse

A bit disappointed... closed below RM1.00. Tot it will test RM1.04 today

Posted by GoldenShares > 2019-12-19 10:20 | Report Abuse

This is a correction of the election euphoria, slowly but surely, as the realisation sets in that this whole Brexit drama is not over yet and just another deadline of a hard Brexit will be looming eventually at the end of the year,"