advantage of EWINT: 1. Low interest rate in UK 0.10 2. Major business in UK London UK and Austrialia Melbourne, Sydney (Many ppl will purchase/ migrate to both capital) 3. Not much impacted by local Malaysia politic uncertainty 4. Net operating cash flow turn into positive, better than Ecoworld 5. Able to improve gearing ratio and release dividend 6. Able to clear current debt by hand in cash 7. London uplift on 19 July 8. added up total sales Rm 1,012 mil 9. Weakness MYR 10. 58.20% population fully vaccinated, 68.80% population 1st dose vaccinated
no la, many ppl switch from EWINT to ECOWRL because of the prospect. ECOWRL show better sales target achieve but EWINT still slow. anyhow i will keep this share for longer term.
Reason because i buy at much lower price compare to IPO price RM1.20. better dividend payout due to lower debt level (as compare to ECOWRL).
both EWINT & ECOWRL share the same management team, as ECOWRL price go up, EWINT will follow too... let see it really happen.
but choose ewint because of their properties development in oversea and consistency policy in UK & AU....eg last time ioipg also perform not bad because of the bsiness in China
i'm trying supermax, good profit (3bil since pandamic+1bil coming QR=4bil), low market cap (8bil), high cash reserve (4bil). already profit half of the market cap in the pocket. forsee ended 2021 can reach 5.5-6bil profit. If 2022 can perform 50% of 2021 profit, easily match 8bil profit (2021+2022 total profit) and basically paying to buy a company with return ROI in 2 years (where to get?)
EWINT is laggard behind compared to ECOWORLD, in my opinion is mainly due to the floating shares. I think more than 80% of total shares are holding by IB and Company itself....hence, don't expect this stock to have a sharp rise or fall in price.
@dique15....is good to hold by big fund, at least the price level there not that volatile. Once retailers buy in will drive the price up. But now comparing with ecoworld, actually ewint has lesser seller in queue so if for those keep accumulating this counter,the price can easily go up
@digue15, Johnt299, kinuxian...thanks for the info...am concerned on slow progress in this counter share price, has been share holder since old days, bought it on first day when it got listed in BUrsa....and slowly averaging down ...
Though, current price still below my buying price...
Well, I wasn't allocated any share during IPO and I'd have sold all on first listing day if I had to. The IPO was mainly fund raising to enter UK and Aus market, so pretty much expected the share price to go down after IPO. Development of any properties take around 2-3years plus planning can up to 4yrs. Due to their accounting standard....EWINT can only unlock their 'profit' after handing over....so basically like Built-then-sell concept.
For those holding since IPO, well no harm waiting for another year. You're not alone though, KWP and PNB have been selling way below IPO -30% price as well.
@RainT....yea, still holding, top up more during COVID... @dique15, yea, learned a lesson here, that was like 5 years ago, was till a newbie in share investment...
I just don't understand, Quek family keep it long though, so I guess this counter will come back soon....
Quek's family is holding. Institutional investors and Ecoworld's directors are holding too. Prominent investors and honchos of listed companies as well. Collectively more than 80%. We are in the 20% riding wave with them. As long as is producing asset company, I don't mind holding for years.
@Johnt299....I missed the IPO offered price, bought it on first listing date, was a mistake, and averaging down over the COVID era, but average price still higher than current share price, especially after the devident out.
@warchest....Lets hope the laggard counter here will catch up soon...following its mother counter...maybe it is waiting for opening in Australia from Lockdown? but Australia policy to clear zero case is too difficult....
Despite only 3 million NP, everything seems to be on the right track. That's why the last minute push??
Comments on EcoWorld International’s performance in 3Q 2021 “We continued to see steady improvement in sales in Australia and the UK in 3Q 2021. Although Yarra One in Melbourne experienced some rescission, sales in West Village, Parramatta picked up substantially. On a net basis, sales of our Australian projects jumped from A$0.5 million in 2Q 2021 to A$16 million in 3Q 2021 on the back of buoyant local demand. In the UK, our sales grew by 5% in 3Q 2021 compared to 2Q 2021,” said Dato’ Teow Leong Seng, President & CEO of EcoWorld International. Teow noted that demand from foreign and local buyers in London remained stable despite the introduction of an additional 2% stamp duty for foreign buyers in April 2021 and expiry of stamp duty holiday in June 2021. Riding on the steady sales momentum, EcoWorld International launched the second phase of Block A03 (marketed as The Modern) in Embassy Gardens in June 2021. Comprising 153 private residential units, this represents the final phase of block A03 as well as the last remaining private residential units in the entire Embassy Gardens development. The second phase of Block A03 is targeted for completion in early FY2022. As a result, sales of units in this block will translate into significant cash inflows for the group in the next few months. “FY2021 has undoubtedly been challenging as new waves of infection swept through the Group’s main geographical markets of London, Sydney and Melbourne. Demand was also soft due to continued border closures. However, as we approach the end of this financial year and as the remaining lock-downs begin to be eased in tandem with rising vaccination rates, we are optimistic that market conditions will steadily improve,” said Teow. “Early indications of improving fundamentals can be seen in the house prices in Inner London which were 2.5% higher than one year ago as at June 2021. We also believe that demand for residential property in London, a major employment centre, has room for further recovery, as more workers return to offices. Some anecdotal signs of stronger demand for residential property in London can be seen in the rental rate growth which turned positive in the second quarter of 2021 for the first time since before the pandemic” he continued. House prices in Sydney and Melbourne similarly rose by 5% in the 12 months to July 2021. While the price growth momentum and property transaction volume may be affected by reintroduction of lockdown measures recently, low interest rates and lack of advertised supply could provide support to property prices. With regards to construction, supply chain disruption and labour shortages are causing delays and driving cost pressures in the UK construction industry. However, construction progress of the Group’s 4 active projects in London are still largely on track. The Build-to-Rent (BtR) developments in Barking Wharf and Kew Bridge are expected to be completed in 2021, while the Open Market Sales (OMS) units in the first phase of Embassy Gardens Block A03 are scheduled to commence handover in the current financial year. The OMS units in Millbrook Park Phase 2, Kew Bridge, Oxbow Phase 3B and Third & Caird are expected to be completed by FY2022. All these upcoming completions will generate substantial cash inflow for the Group following handover of properties sold to customers.
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Posted by Johnt299 > 2021-07-14 17:11 | Report Abuse
advantage of EWINT:
1. Low interest rate in UK 0.10
2. Major business in UK London UK and Austrialia Melbourne, Sydney (Many ppl will purchase/ migrate to both capital)
3. Not much impacted by local Malaysia politic uncertainty
4. Net operating cash flow turn into positive, better than Ecoworld
5. Able to improve gearing ratio and release dividend
6. Able to clear current debt by hand in cash
7. London uplift on 19 July
8. added up total sales Rm 1,012 mil
9. Weakness MYR
10. 58.20% population fully vaccinated, 68.80% population 1st dose vaccinated