Posted by Johnt299 > 2021-09-07 15:24 | Report Abuse

@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

Posted by drkelvin20 > 2021-09-07 18:29 | Report Abuse

@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...

Posted by RainT > 2021-09-10 12:56 | Report Abuse

Wah

U still hold it ?
Should cut loss n move on

Posted by dique15 > 2021-09-10 14:10 | Report Abuse

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.

Posted by drkelvin20 > 2021-09-10 14:16 | Report Abuse

@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....

Posted by Johnt299 > 2021-09-13 16:59 | Report Abuse

@drkelvin20, you bought when IPO?

Posted by warchest > 2021-09-14 10:10 | Report Abuse

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.

Posted by Johnt299 > 2021-09-14 10:24 | Report Abuse

waiting ewint moving same flow with ecoworld

Posted by drkelvin20 > 2021-09-14 11:22 | Report Abuse

@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.

Posted by drkelvin20 > 2021-09-14 11:24 | Report Abuse

@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....

Posted by Johnt299 > 2021-09-15 09:12 | Report Abuse

month end will see break 0.60...hahaha

Posted by moneycome123456 > 2021-09-15 17:52 | Report Abuse

Waiting QR, should be good

Posted by Johnt299 > 2021-09-16 16:44 | Report Abuse

waiting back to last time IPO priceRM 1.45 in Oct

Posted by Huat 888 > 2021-09-17 20:18 | Report Abuse

omg.
habis qr

Posted by supersaiyan3 > 2021-09-17 21:31 | Report Abuse

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.

Posted by Johnt299 > 2021-09-17 21:36 | Report Abuse

As a result, sales of units in this block will translate into significant cash inflows for the group in the next few months. wait for Dec result.....hahah

Posted by Azhari1082 > 2021-09-17 21:40 | Report Abuse

why they bought around 19000 lots at closing price's time? Gap up on monday?

Posted by krish52 > 2021-09-17 21:44 | Report Abuse

hope for the best to come.

Posted by Kang Yao > 2021-09-18 17:31 | Report Abuse

The more China tightens regulation, the better for EWINT, HNW individuals flooding to UK and AUS.

Posted by warchest > 2021-09-19 00:25 | Report Abuse

Lower profit in Q3'21 means higher profit in Q4'21. Less handovers meaning higher handovers in Q4'21. A03 of Embassy Gardens with effective revenue of £71 mn, Kew Bridge effective revenue of £70 mn and Barking Wharf Phase 1 with effective revenue of £8 mn, going to be recognised in Q4'21.

As for the completed developments, Ewint can recognise immediately the unsold units from Wardian, LCCI, West Village and Yarra One. That's why the Company is expecting substantial cash inflows by Q4'21

Posted by drkelvin20 > 2021-09-19 11:41 | Report Abuse

Thanks Warchest, Kang Yao for morale booster.:) Let's hope it will go up ..

Posted by awesome20 > 2021-09-19 20:39 | Report Abuse

target 650/675 level

Posted by Azhari1082 > 2021-09-20 09:41 | Report Abuse

what happen today?

Posted by Johnt299 > 2021-09-21 21:41 | Report Abuse

EWINT future revenue stands at RM386 million as at 31 August 2021.

Posted by RISK8888 > 2021-09-21 23:50 | Report Abuse

How low can it go?

Posted by RISK8888 > 2021-09-21 23:50 | Report Abuse

0.3?

Posted by Johnt299 > 2021-09-22 11:46 | Report Abuse

last time ecoworld supposedly perform well in 2019 but who know covid19 outbreak.
Otherwise ecoworld will perform well as what they mentioned last time 2019/2020 was their year.
So now, EWINT stated their upcoming completions will generate substantial cash inflow for the EWINT handover of properties sold to customers which mean that their completion done in 3Q21 & 1Q22 imply good result in 4Q21 & 2Q22

Posted by warchest > 2021-09-22 11:52 | Report Abuse

Nope, EWINT future revenue stands at RM1.357 bn (£237 mn) and RM75.9 mn (A$25 mn) for UK and Aus. Collectively, RM1.433 bn of future revenue as at 31 August 2021

Posted by warchest > 2021-09-22 12:08 | Report Abuse

As a matter of fact, as compared to FY20 the net debt as at 31 July 21 has decreased from RM949 mn to RM529 mn, giving a net debt ratio of only 0.18x

Posted by warchest > 2021-09-22 12:17 | Report Abuse

Importantly is to build its competency and restructuring in EcoWorld London to enable greater focus on development management

Posted by tanhy123 > 2021-09-22 16:10 | Report Abuse

@warchest Any estimate on how much worth of the property going to hand over in coming quarter?

Posted by Steve64 > 2021-09-23 08:29 | Report Abuse

@warchest - yes an estimate of handover from Aug till Oct (last Qtr) would be of great help to project their profits for the whole year. Understandably, their revenue is lumpy and depends on handovers and Covid deferred some of these, but nxt Qtr rev/profits results will be their turning point, I think. Off course a bonus is if they can sign on a BTR deal in the Qtr.
Warchest - over to you.!!!

Posted by GimEng Hong > 2021-09-23 16:39 | Report Abuse

Mother ady up 0.84,sons still sleeping, haiz

Posted by Bgt 9963 > 2021-09-23 16:53 | Report Abuse

Depress market...

Posted by Eagle_T > 2021-09-24 18:02 | Report Abuse

PowerPoint presentation for Q3 2021:
https://ecoworldinternational.com/wp-content/uploads/2021/09/EWI-Q3-FY2021-Presentation-Final.pdf

Posted by chowlang > 2021-09-24 18:04 | Report Abuse

Hong Kong last minute plunge may signal a problem with Evergrande that is not yet resolved.

Posted by kinuxian > 2021-09-24 18:45 | Report Abuse

Tq for the slides, its seems effective stake in unsold units worth UK £1101.35mn and Australia A116mn as of Aug 21. (excluding Barking Wharf Ph2 and Macquarie Park which yet to launch). Or equivalent RM6600mn based on 5.7 and 3 exchange rate. Profit margin at 10-15%, anyone?

With net gearing 0.18x (RM529m) and effective future revenue RM1,431mn (sold units), downside should be pretty minimum for now.

BtR deal still hanging in the air. :)

Posted by Johnt299 > 2021-09-26 16:11 | Report Abuse

projects basically sold 70-80%...not bad

Posted by Limitupppp > 2021-09-27 02:35 | Report Abuse

Why this lousy company no new projects yet

Posted by Bgt 9963 > 2021-09-27 08:49 | Report Abuse

On fire sales....!

Posted by Johnt299 > 2021-09-27 20:11 | Report Abuse

ewint advantages:
1. Open up in UK & AU
2. Drop in UK & AU covid daily cases
3. Ewint main business in capital of UK & AU
4. Higher sales demand in both countries - despite additional 2% stamp duty for foreign buyers
5. Lower policy rate in UK & AU
6. Company strong effective future revenue - 1.40 bil
7. Strong cash balance, lower gearing
8. Basically 70% projects sold out
9. Higher house price in both countries
10. Weaken in MYR
11. Higher handover sales unit can carry good result for upcoming qr, and next few qr expect can improved significantly
12. Windows dressing in year end
13. BtR development boost the sales
14. 58% units sold/reserved included imcompleted projects

Posted by Kang Yao > 2021-09-28 20:00 | Report Abuse

guess the escalating electricity price is affecting EWINT share price.

Posted by Johnt299 > 2021-09-28 22:43 | Report Abuse

escalating electricity price affect share price?

Posted by hcthey > 2021-09-29 13:11 | Report Abuse

If this counter is good and has future potential, why some investors keep on selling it, causing the selling price becomes lower and lower, anyone knows the reasons. could it be a trick by some shareholders who try to push down the market and they accumulate the shares slowly. They will sell out the shares for profit when the market is up.

Posted by Johnt299 > 2021-09-30 11:19 | Report Abuse

okey geh operating income still improved 15%

Posted by Kang Yao > 2021-09-30 16:20 | Report Abuse

no idea, what i can find out is theres shortage is food(due to not enough driver after brexit) and gasoline in UK now, and some electricity/gas supplier out of business due to escalating raw material price

Posted by Kang Yao > 2021-09-30 16:22 | Report Abuse

also has to prepare for the US government running out of money which will drive market sentiment down. I just collect along as I dont think the targeted buyer for the projects are B40, but expats and wealthy people from Asia. No idea how low can it goes though.

Posted by Johnt299 > 2021-09-30 22:22 | Report Abuse

@hcthey......ewint & ecoworld warrant expired next year March & April....Bosses need to prepare money for their conversion...haha...ok2 make sense

Posted by hcthey > 2021-10-01 11:42 | Report Abuse

Bosses are smart and calculative, I can't belief that they will concert their warrants by topping up another RM1.45 in order to get 1 ordinary share which , at this moment, can easily be bought at the open market at 44 cts. moreover, these free warrants will expire on 4.4-2022. Currently I don't see any conversion done so far. The conversion price of RM1.45 is extremely high if compare with the mother.

Posted by Johnt299 > 2021-10-02 19:20 | Report Abuse

company also need to spend money to raise company warrant, if company let it lapsed they not only will lose a lot and will reflect they're not confident with their company