Posted by Jururawat > 2020-03-26 19:30 | Report Abuse

Profit slump 94%
Tomorrow collect cheap cheap

Posted by AlexTrader > 2020-03-26 19:45 | Report Abuse

@mrknowled last time they mentioned their target for 2020 is around 5b now become 2.2b. They said they aim for 6b for 2019+2020 which 2019 is around 1.1b

Posted by Jeffreyteck > 2020-03-26 20:19 | Report Abuse

Good dirty trick to push up price then announced poorer results. That is so call credibility. Good luck.

Posted by mrknowled > 2020-03-26 20:34 | Report Abuse

@Alextrader maybe due to impact of covid-19 they target 2.2b for this years then remaining will be at next year

Posted by CKLCAT > 2020-03-26 23:17 | Report Abuse

According to the 1st quarter report, the section B3 (pg. 14) has mentioned "EcoWorld International recorded RM314 million sales in the first three months of FY2020. This is a marked improvement from the RM120 million recorded in the same period of FY2019. During the first
three months, the Group witnessed a recovery in demand for higher-end products in London as EcoWorld-Ballymore, the Group’s joint venture (JV) that focuses on the upper mainstream and lower prime segment of the London market, recorded RM246 million worth of sales in this period, significantly higher than the RM89 million recorded in the first three months of FY2019. The Group’s Australian sales, albeit from a low base, also improved to RM10 million."

Since the 2020 first quarter sales is about 2.7 times of the 2019 1st quarter sales, why is the profit is much more lesser?

Can anyone explain to me who are really confuse with it?

Posted by AlexTrader > 2020-03-26 23:29 | Report Abuse

I am confused too, they dont show the details because it is joint venture I guess

Posted by Stefany > 2020-03-27 00:17 | Report Abuse

I believe the reason is due to they will only be able to recognize the Revenue and Profit when the Sold Unit is "Handover“ to customers.

Posted by AlexTrader > 2020-03-27 08:53 | Report Abuse

But they do handover 314 million sales right

Posted by flexibt > 2020-03-27 09:20 | Report Abuse

damn i expected it to drop to 0.30 .... already rebound sia.. thanks WU CHANG and gangs stayed with us.. lol

Posted by smurfs > 2020-03-27 09:40 | Report Abuse

Sales is recorded when S&P is signed.

Revenue & Profit is recognized when the house key is handed over to respective owner. Hence the more new owner get their house key, the more profit will reflected in QR.

Whereas for BTR project, they are able to recognize revenue progressively once the S&P signed.

Posted by RainT > 2020-03-27 09:51 | Report Abuse

but frm the edge daily dated 13/12/2019 at page 9

the article said accounting in UK is different frm Msia

where the sales cannot be recognise in account until the key handover finish

Posted by mrknowled > 2020-03-27 09:55 | Report Abuse

No chance to buy low.. disappointed

Posted by RainT > 2020-03-27 11:11 | Report Abuse

UK house sales expected to drop 60% in next 3 months ....

habis

Posted by Kpin Yeoh > 2020-03-27 13:48 | Report Abuse

Even this Q close 340 mil sales but there is no hand over keys, this number will bring forward to Q2. Ewint Holdings hold a few piece of strategy land bank that seem advantage in long run.

Posted by AlexTrader > 2020-03-27 17:38 | Report Abuse

@smurfs Can I say that sales will be added to the unbilled sales/ future revenue?

Posted by Huat 888 > 2020-03-27 20:42 | Report Abuse

buy n hold la..so cheap
0.06 warrant..2nd quarter will b good for tis counter ..
tan Sri will lead

Posted by ivanlau > 2020-03-27 21:23 | Report Abuse

stockxxcks2u member this time really in deep shit..... Monday will further drop to 36 cents

Posted by AlexTrader > 2020-03-27 21:58 | Report Abuse

mostly have to wait until 4Q

Posted by Maxtrader > 2020-03-28 10:24 | Report Abuse

https://www.google.com/amp/s/amp.cnn.com/cnn/2020/03/27/uk/uk-boris-johnson-coronavirus-gbr-intl/index.html

Posted by Maxtrader > 2020-03-28 10:25 | Report Abuse

In view of this 2 big news happen in uk. I wondering how low this counter can go. Posible 20 and below? We are in deep shit...

Posted by Maxtrader > 2020-03-28 10:28 | Report Abuse

https://www.google.com/amp/s/amp.ft.com/content/c08ec3d9-079e-40ff-baae-11388c650f6c

Posted by smurfs > 2020-03-28 18:03 | Report Abuse

@AlexTrader yes it will add to the unbilled sales.

The QR for EWINT is very simple:

-more handover, more profit.
-No handover or less handover, less profit.

The next big earning will be the handover of Wardian, Yarra one and also West Village.

Posted by money888 > 2020-03-28 21:40 | Report Abuse

stockpiXX2u previously recommend this company, now results drop like shit, they push responsibility away...say you are new, you dunno how to invest in stock market...blablabla...

Posted by Jeffreyteck > 2020-03-29 08:05 | Report Abuse

Same old story on accounting differences which was already used as excuse for many quarters. Only good for trading play instead of LT as there are many supporters and mastermind who pushed up price before poor results announcement.
1 sen dividend requires 39 years to recover capital at current level. LT=0 est.

Posted by freddiehero > 2020-03-29 08:37 | Report Abuse

r u ready everyone?

Posted by Legend > 2020-03-29 09:19 | Report Abuse

WORLD Already Recession!
WASHINGTON, March 27 (Reuters) - The coronavirus has already plunged the global economy into recession, IMF Managing Director Kristalina Georgieva said on Friday, adding immense pressure on emerging markets suffering from lost commerce, reduced exports and massive capital outflows.

Posted by mf > 2020-03-29 09:21 |

Post removed.Why?

Posted by pang72 > 2020-03-29 20:47 | Report Abuse

Sifu Facebook live made many members lossng big money.

Posted by mf > 2020-03-29 20:47 | Report Abuse

Coronavirus live updates: Cases globally surpass 660,000, Spain sees highest daily jump in deaths

Posted by CatchThe Bull > 2020-03-30 16:38 | Report Abuse

Just some logic thinking, if the latest result was extremely good, how high you think the price can be? How long the price can sustain? Conclusion: THIS IS NOT A GOOD TIME TO ANNOUNCE GOOD RESULT.

Posted by Jeffreyteck > 2020-03-31 08:15 | Report Abuse

Ecoworld revised down sales target by 40%, Ewint? TP 25.

Posted by AlexTrader > 2020-03-31 10:26 | Report Abuse

TYxxx gang now says this counter is hopeless although there is 4b unbilled sales this year, he said don't follow my live u don't now when I sell and buy, see now u are trapped

Posted by Huat 888 > 2020-04-04 14:01 | Report Abuse

buy n hold ..end of year will go back to RM1

Posted by Jnlee > 2020-04-04 14:11 | Report Abuse

this tyxxx Everytime show his luxury car when doing his live.a lot newbie following him

Posted by ivanlau > 2020-04-04 14:28 |

Post removed.Why?

Posted by joni > 2020-04-07 11:37 | Report Abuse

broom broom .. .. moving back to 47 sen

Posted by PresidentRotiCanai > 2020-04-15 09:15 | Report Abuse

Suddenly volume coming. Watch out

Posted by joni > 2020-04-15 10:45 | Report Abuse

high volume than yesterday 2 session

Posted by PresidentRotiCanai > 2020-04-15 12:01 | Report Abuse

Good sign. All tech fly, elsoft just wan start engine

Posted by Huat 888 > 2020-04-16 21:21 | Report Abuse

coming 0.5...warrant 0.13..believe tan sri

Posted by CatchThe Bull > 2020-04-20 14:27 | Report Abuse

Hot cake AR is out today.
https://ecoworldinternational.com/wp-content/themes/ecoworld-international/images/annual-reports/download/annual-reports-2019.pdf

Posted by VerySUI > 2020-04-22 20:36 | Report Abuse

Next shooting star...

Coming soon...

suisui

Posted by SK1200 > 2020-04-24 10:35 | Report Abuse

Buy and keep..something good will coming..

Posted by Huat 888 > 2020-04-25 11:20 | Report Abuse

property theme coming...buy buy buy coming 0.6 easily

Posted by char1234 > 2020-04-25 11:27 | Report Abuse

property is dead but this company makes $$ in other industries too

Posted by char1234 > 2020-04-25 11:28 | Report Abuse

fact is share is under value ..that's all.My opinion

Posted by Limitupking > 2020-04-29 11:59 | Report Abuse

Undervalue but nobody want? Kikikikiki

Posted by ivanlau > 2020-05-03 20:57 | Report Abuse

TYXXP already said this stock undervalue when the price at 65 cents . If you buy now u are definitely smart then the FB conman tyxxp .......

Posted by supersaiyan3 > 2020-05-05 20:22 | Report Abuse

Where to safely put your money? Here loh

Posted by Huat 888 > 2020-05-05 22:29 | Report Abuse

buy n hold..wont regret