It has today breaks barrier of 60 cts, it will move forwards slowly to 65 to 70 cts level and there is good chances for this counter to go back to its IPO of RM1.20 in short future. Many investors are holding this counter in loss. It is NOT too late for the new investors to pick up this counter. 2nd quarter report will be out by the end of this month. I belief that the results should be very ideal one.
EWINT is slowyly up now...in anticipation of coming QR to be announced by this month end...it seems the housing market is looking pretty good in UK and Australia where EWINT has most its businesses...
If the EWINT can catch the hot property market wave right now in Australia and UK, anything is possible...I hope it can slowly up to 70++, and 0+ and RM1++...hopefully....many of us bought first round during IPO rm 1.2...royal until now, hopefully will be rewardede after 4-5 years of entering this stock...
It has reached the highest trading price at 65 cts since March 2020. the followings are the highest records done for these days, 57 cts on 8th of June, 61.5 cts on 9th of June, 62 cts on 10th of june,.you can see obviously, this counter is moving up slowly towards RM1.20. its current NTA has come back to more than the IPO price. Be patient, the IPO price will be back eventually.
good closing price. it will go up again in weeks to come.. 2nd quarterly financial reports will be out by the end of June., result is bellieved to be good & attractive.
Ewint is back again, its 2nd quarterly reports to be out by the end of this month, I predict it should be a handsome one. Be patient, you will get your big angpau soon.
if coming QR can achieve what been targeted, sure will fly...i.e. sold all remaining unit in Australia project and BTR in UK progress into new phases...Australia remaining unit can boost a few hundred million of revenue. Let's see.
Ewint will be back with good 2nd quarterly reports, results will be out in few days time. keep on holding the shares with patience, you will get better profit,
Total Accumulated dividend given out is 6 cents in six months times , this is a outstanding performance,(almost 10% return base on current share price and during this pandemic) With the us inflation rate pressure is becoming higher and higher (us is the global interest rate indicator), predicting and foresee the bond and property (btr) will be the safe zone for many global fund manager. I guess this might be one of the reason why the global properties market is booming. The above is solely my own opinion only and should not be use as a guidelines, indication or suggestion to invest in any share. Happy investing to all.
aiyo EWINT make good profit during 2017-2020, now start distribute dividend after getting back $$ from join venture. if you read the BS, EWINT invest alot money into JV (about 1-2 billion). Now slowly getting back the $$ (due to project completion).
“The Group has witnessed a recovery in local demand across the UK and Australia property markets in the second quarter of FY2021. Sales of EcoWorld London, our joint-venture that focuses on the outer zones of London, has seen a substantial increase in sales (from £9 million to £24 million) in the second quarter of FY2021 compared to the same quarter in FY2020. In Australia, our West Village project has also seen a marked increase in sales (from A$1 million to A$15 million) over the same period. Apart from an increase in contracts exchanged (SPAs signed), the reservation pipeline has also been growing, a sign of markedly improved sentiment. This enabled our total sales and reservations up to 31 May 2021 to exceed the RM1 billion mark,” said Dato’ Teow Leong Seng, President & CEO of EcoWorld International.
Results actually commendable. Profits for Ewint based on units handed over. As long as sales keep increasing, no of of handed units will keep increasing. If lesser this quarter, more units in coming quarters
More to come. This is the time where ewint reap what they have sow years ago. We can't look at it base on the revenue. Look at the sales and on going and up coming project will be a better yardstick. The next will be the repatriation from UK. There will be another windfall there.
@warchest, very truth on your comment. Those hidden result cannot be easily evaluate through ordinary P&L, balance sheet or latest statement. It has to be coming from closely followed through their sales and delivery performance. Foresee and hopeful the 3rd & 4th result will be more promising. Thank you @warchest@kinuxian@kangYao for your updated. Happy investing to all.
Better indicator of whether Ewint is doing better y-o-y is to look into its Q2' 21 sales
(1) UK's sales increased from £9 mn to £24 mn (RM52.2mn to RM139.2mn) - 2.67 times ; (2) Aus' sales increased from A$1 mn to A$15 mn (RM3.2 mn to RM47.4 mn) - 15 times; (3) Significant paring of debt from RM1.28 bn to RM0.844 bn; and (4) RM120 mn or RM0.05/share as dividend payouts this quarter
Solely Q2' 21 the Company has secured a commendable sales of RM190 mn that will be recognised in the future. That's sizeable and up to May 21, the total sales exceeding RM1 bn. It shows pent up demand of properties in UK and Aus and its ability to replenish its sales
With regards to construction, resources at sites have improved significantly in the second quarter and the number of personnel working on site has recovered to planned levels. This has enabled the Group to remain on track to hand over the Build-to-rent (BtR) developments in Barking Wharf and Kew Bridge, as well as apartment units in Millbrook Park Phase 2 and Embassy Gardens Block A03 in the current financial year.
The above commentary in the results release is a good indicator for FY21.
Special dividend 5 sen but today's price seems don't move. Many people still ask why PAT and EPS are so low. Maybe if people prefers high profit & EPS but low cash flows, they should go to collect Serbadk at this moment.
could be because many ppl dun understand accounting? Anyway, I think management is doing quite good job. Honorable management where the deliver what they have promise, which is the dividend. It is late due to the pandemic but it is better late than none. Also, at this price, we are buying a 50% discount of those big boys. Keep for long term
I think it will be better and better till X-Date, and mayb beyond, imagine you buy at 60+ sen, gain 5sen dividend, that's like 8%+ dividend in less than a month by 23 July...
The dividend is much better than interest from Bank...8%+ in less than a month time, money in your account by 23 July...so who wanna sell? If somebody sell now, it stand a risk of losing fat divident in upcoming month, somemore if the share price remain still 60 sen + or even higher in upcoming months, due to high inflation globally which prompt people buying properties...
I am also think, big fund may come in whenever there is a discount in share price when it goes low...
Big fund like fat dividends...
I just topped up some more...
Lets see how it does in upcoming days...8% divident, in less than a month time...riding on property, inflation etc...in UK and AUstralia...
DIsclaimer: Just sharing my thoughts, not a buy call or sell call...
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....
Batman_Return
569 posts
Posted by Batman_Return > 2021-06-08 09:04 | Report Abuse
LU today