Just entered today, I feel it's still undervalued as UK properties are looks promising & FY20&21 is recovery year for EWINT like the board said. Now enter still can ride all up :) If I didn't read wrong, coming QR will be good as some sales are finally taken into account
I think u need to evaluate it yourself... haha people say not too late but if u feel too late, also stress one. If u ask me, I think can bet lo since director already said FY20 is their reversal point, projects in UK finally bear fruit. But most importantly you must evaluate
Except Btr, the uk and au project is having collection problem if there is escalating cancellation, shareholders could only hope that will not happened.
also. do you think director really dare to report those which are not been signed and confirmed? dont worry what is the impact? and just want short term rebound for the company share price???
No, in uk and au purchaser paid only deposit, full payment after completion. Hence chances are there they can just cancel due to property prices plummet. And, by that time ewi can withdraw the unit make it available to sell again to the public.
EWI president and CEO Datuk Teow Leong Seng noted that the weak sterling has also made UK property purchases more affordable for Hongkongers. “Hong Kong has always been an important market for us."
PETALING JAYA: As property market activity in the UK picks up after a two-month hiatus from lockdown measures, the property scene is not just regaining interest from local buyers and tenants.
Enquiries on London real estate by prospective buyers from Hong Kong are expected to rise, following UK prime minister Boris Johnson’s offer to three million Hong Kong residents and their dependents the chance to seek refuge in the UK.
ECO WORLD International Bhd (EWI), which has a significant presence in the UK, has sold over £20mil (more than RM100mil) worth of properties to Hong Kong buyers, over three weekends last month.
These properties are located at London City Island and Embassy Gardens in Central London, as well as Aberfeldy Village in Greater London.
EWI president and CEO Datuk Teow Leong Seng noted that the weak sterling has also made UK property purchases more affordable for Hongkongers.
“Hong Kong has always been an important market for us.
KUALA LUMPUR: There has been an increase in the number of Hong Kong buyers looking to purchase a home at Malaysian-owned Battersea Power Station in London in the past few months as UK immigration policy could pave the way to citizenship for Hongkongers.
Recently, British prime minister Boris Johnson had vowed to overhaul immigration rules to grant almost three million Hong Kong residents a pathway to British citizenship in response to Beijing’s move to impose the national security law as a threat to the city’s autonomy.
RM1.1 B revenue for FY19, profit 190 M. FY20 revenue RM2.2 B, than should be easily 300 M. IPO price RM1.20. End Dec 1.10. The Company should achieve record profit. RM1.10 to RM1.20 is the minimum
EWI president and CEO Datuk Teow Leong Seng noted that the weak sterling has also made UK property purchases more affordable for Hongkongers. “Hong Kong has always been an important market for us.
FY2020 ending 31/10/2020, Ewint will be reporting a record high for both revenue & profit.
RM1.1 B revenue for FY19, profit 190 M. FY20 revenue RM2.2 B, than should be easily 300 M. IPO price RM1.20. End Dec 1.10. The Company should achieve record profit. RM1.10 to RM1.20 is the minimum
Prospects are looking absolutely bright for EWINT.
At around 60 plus cents it might consolidate and than later try to test it previous high of 1.10 and than IPO price of 1.20. And from there, the sky is the limit
In 2020 Q1 - quarterly report, they have transferred "Amounts owing by joint ventures" of RM2.134 billion from Non-current assets to Current assets. By year end, EWINT will be net cash company.
EWI will show another project named The Wardian, which faces Canary Wharf and has views of the River Thames. Prices range from £440,000 to £1.58 million, with penthouses from £1.85 million to £2.4 million. Sizes range from 394 square feet to 1,270 square feet. The project is more than 80 per cent sold and will be handed over to customers this August.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CatchThe Bull
712 posts
Posted by CatchThe Bull > 2020-06-09 12:12 | Report Abuse
If you buy warrant mean you willing to pay almost 200% premium, even though 22 month maturity. Very high risk.