ECO WORLD INTERNATIONAL BERHAD

KLSE (MYR): EWINT (5283)

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Last Price

0.30

Today's Change

+0.005 (1.69%)

Day's Change

0.295 - 0.30

Trading Volume

211,800

IPO Info
Offer Period

Opening

2017-03-09

Closing

2017-03-09

Time Table

Allotment Date

2017-03-30

Listing Date

2017-04-03

Price

Issue Price

1.20

Units

2,400,000,000

Share Capital

0.000

No of Shares

Public Issue

2,153,459,200

Offer for Sale

-

Private Placement

-

Issuing House

MIH-580

ISIN Code

MYL5283OO006

Prospectus:

INITIAL PUBLIC OFFERING ("IPO") OF UP TO 2,153,459,200 NEW ORDINARY SHARES IN ECO WORLD INTERNATIONAL BERHAD ("EWI") ("SHARES") ("IPO SHARES") COMPRISING: (I) INSTITUTIONAL OFFERING OF UP TO 449,459,200 IPO SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); (II) RETAIL OFFERING OF 408,000,000 IPO SHARES TO: (A) THE DIRECTORS AND ELIGIBLE EMPLOYEES OF EWI AND ITS SUBSIDIARIES AND JOINT VENTURES ("EWI GROUP"); (B) THE DIRECTORS OF ECO WORLD DEVELOPMENT GROUP BERHAD ("EW BERHAD") AND THE ELIGIBLE EMPLOYEES OF EW BERHAD AND ITS SUBSIDIARIES WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE EWI GROUP; (C) THE ENTITLED SHAREHOLDERS OF EW BERHAD; AND (D) THE MALAYSIAN PUBLIC, AT THE RETAIL PRICE OF RM1.20 PER IPO SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED IN THIS PROSPECTUS) IF THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE; (III) ALLOCATION TO EW BERHAD, THROUGH ITS NOMINATED WHOLLY-OWNED SUBSIDIARY, NAMELY ECO WORLD CAPITAL (INTERNATIONAL) SDN BHD, OF SUCH NUMBER OF IPO SHARES, REPRESENTING 27.0% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF EWI AT THE INSTITUTIONAL PRICE; AND (IV) ALLOCATION TO GUOCOLAND LIMITED, THROUGH ITS NOMINATED INDIRECT WHOLLY-OWNED SUBSIDIARY, NAMELY GLL EWI (HK) LIMITED, OF SUCH NUMBER OF IPO SHARES, REPRESENTING 27.0% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF EWI AT THE INSTITUTIONAL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS. THE FINAL RETAIL PRICE WILL EQUAL TO THE LOWER OF (I) THE RETAIL PRICE OF RM1.20 PER IPO SHARE; OR (II) THE INSTITUTIONAL PRICE; AND BONUS ISSUE OF TWO FREE WARRANTS IN EWI ("WARRANTS") FOR EVERY FIVE EWI SHARES HELD AFTER THE IPO, IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF EWI AND THE WARRANTS ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

Eco World International - Notice of Electronic Prospectus to Page 126 (Part 1).pdf

Eco World International - Page 127 to Page 284 (Part 2).pdf

Eco World International - Page 285 to Page 505 (Part 3).pdf

Eco World International - Page 506 to Back Cover (Part 4).pdf

Discussions
7 people like this. Showing 50 of 6,188 comments

sunnyspoon

6 sen dividend Dec 2023

2024-05-22 09:53

fortunefire

0.5x coming?

2024-05-27 09:44

newkidonthebloc

Why sudden drop

2024-05-31 10:40

Killsthebear

Paramount effect gua.. sienz

2024-05-31 10:42

fortunefire

hong leong big boss has businesses everywhere in overseas, and he has all the bird eyes everywhere telling him that the global property market ain't good.

2024-06-01 10:57

hng33

Use balance, bought EWI at 40sen

2024-06-06 16:32

hng33

Total dividend payable in 2024 and 2025 is 21sen per share, to be declared staggering with first 6 sen likely declare together with coming Q result next week

2024-06-06 16:32

sell

DPS>EPS is not sustainable. Later will drop like Zhulian.

2024-06-07 06:29

sell

Quek Leng Chan is smart to sell Ewint to Paramount.

2024-06-07 06:30

hng33

Real estate developer Paramount Corp Bhd (KL:PARAMON) is aiming for 30% of its annual profit to stem from overseas property projects by 2030, supported by its recent acquisition of a 21.5% stake in Eco World International Bhd (EWI) (KL:EWINT), as domestic orders are expected to saturate.

2024-06-07 14:12

hng33

EWI will contribute 30% profit to paramount by 2030

2024-06-07 14:13

hng33

added more ewi at 39-40sen

2024-06-10 10:49

hng33

sold at 42sen

2024-06-12 09:34

yongyong88

waiting for 44sen

2024-06-12 09:37

sunnyspoon

Buy more

2024-06-12 09:40

fortunefire

fired my first batch of bullet at 0.38

2024-06-12 21:10

hng33

bought back at 40.5- 41sen

2024-06-13 12:27

warchest

add more at 40.5.

2024-06-14 18:21

moneycome123456

Eco World International Bhd president and chief executive officer Datuk Teow Leong Seng.

PETALING JAYA: Eco World International Bhd (EWI) achieved RM433mil sales exchanges plus reserves of RM85mil, adding up to a total of RM518mil in the seven months period of its financial year ending Oct 31, 2024 (FY24).

In a statement, the property developer said it recorded a loss before tax of RM13.9mil in the second quarter of its current financial year (2Q24) compared to loss before tax of RM2.1mil in 2Q23.

It said this was mainly due to lower gross profit as stocks in its Australian projects are largely fully sold; impairment loss on amount owing by EcoWorld London as the joint venture continues to invest resources to procure better planning consents for its remaining projects; as well as lower foreign exchange gains from appreciation of the British Pound against the ringgit.

Including net cash balances at joint ventures, EWI said the group has a total cash balance of RM349mil as at April 30, 2024.

Premised on the healthy cash position, the board declared a first interim dividend of six sen per share for FY24, which translates to RM144mil.

President and CEO Datuk Teow Leong Seng said the group's sales are on track with the value of unsold completed stocks reduced to about RM400mil, of which its effective share is about RM300mil.

He added that the board is maintaining its target of generating excess cash of up to RM500mil - which will be distributed to shareholders in tranches over 2024 and 2025 - by selling its completed stocks.

"We are monitoring market conditions closely and finding ways to improve the profitability of our remaining projects.

"While the current environment is challenging, the UK real estate market nonetheless presents opportunities in the longer term, judging from the strong rental rates in London."

Teow said the group will proceed with launches when cost pressures stabilise and the expected returns of undertaking such launches can be forecast with greater certainty.

2024-06-19 19:49

sunnyspoon

Good dividend buy more

2024-06-20 06:28

drkelvin20

this stock giving good dividend, especially for those who have averaged down the cost..say if we got around 40-50-60 sen...this stock is still potential....

Its tough if you don;t average down.



2024-06-20 08:53

sunnyspoon

6 sen dividend👏👏👏

2024-06-20 13:31

ykloh

6 sens dividend? Check again please.

2024-06-20 15:13

hng33

sold at 41.5sen

2024-06-20 15:52

Lyon91

Are this dividend id from capital reduction again?

2024-06-21 12:40

investor77

For RM 420, gets 60 rgt in dividend. 60/420 or 100/7 is 15% Div Yield !! Higher than FD and EPF !! Dont have to wait 1 year somemore !! More to come !!

2024-06-21 14:28

sunnyspoon

Just first interim dividend 6sen, 2nd interim ???, 3rd interim ??? , final dividend. ???, buy buy

2024-06-21 16:29

sunnyspoon

0.50

2024-06-26 19:29

8u29song

huh...like that sure big untunglah....IF after ex price remain as b4 ex...

2024-06-27 10:07

DickyMe

"hng33

sold at 41.5sen

1 week ago"
===========
👍👍

2024-07-01 12:10

Sales

Ricky, why ypu sold so early, another 0.15sen by 2025

2024-07-01 13:54

warchest

Short-term, we expect it to get back the value of RM1.20. Currently, the dividends paid are 45 cents. add to the current price, is 88.5. I expect we can have at least another 31.5 cents of upside

2024-07-01 18:16

warchest

time is the best value accretion

2024-07-01 18:17

fortunefire

UK property market does not look good. Upcoming QR likely at loss.

2024-07-03 10:59

DickyMe

15 sen coming soon after dividend payment.

2024-07-03 12:26

fortunefire

keep dropping as expected. TP 0.28

2024-07-05 11:36

DickyMe

UK will be pariah of Europe.

2024-07-09 16:55

fortunefire

UK property bubble is coming soon?

2024-07-10 10:11

DickyMe

20 sen, in 2 to 3 months time.
If earlier, jackpot!

2024-07-11 21:58

fortunefire

unlikely to drop further since PCB is keen to take up more shares.

2024-07-12 10:40

geary

Stock: [EWINT]: ECO WORLD INTERNATIONAL BERHAD.
2023-11-04 01:15 | Report Abuse

EWINT: NTA: @1.02. NCAV: @0.53. Cash Value: @0.35.(Zero Debt)
What a Catch...Added...@0.35...!
🤔🙏...!
Proposed dividend: #0.06/share... probably more as seen from its first tranche #0.33/share!?
Cyclical Consumer product...Hold...For property turnaround...(Price Movements)...n more capital reduction...🙏
At present...NTA/Cash Value/NCAV: #0.64/0.05/0.17 per share respectively.
Holding Price now approximately below...@0.17/share... absolutely safe!?
Another round of capital reduction of around #0.15/share or more!?
PCB average is below #0.33. My average below 0.23(Minus DY:#0.12).
Just...Hold...PCB management is conservative. They are efficient...Plus Tan Sri Liew KS...both has moral integrity... friendly to shareholders.
Be Patient!
UK/AU property will prevail...maybe other countries property development!?
Trade/Hold at your own Risk!
Mr. Market is Unpredictable!

2024-07-22 22:40

moneycome123456

Tq ewint for dividend, get it

2024-07-24 11:05

fortunefire

surprised that it did not drop much this morning.....

2024-08-05 10:24

Patient Investor

Can sleep going forward, until the group decide to do something to those landbanks

1 month ago

Steve64

Target to distribute more dividends as per AGM/shareholders approvals is on.? I hope.?
They hv cash of 270Mil as at july 24.

1 month ago

fortunefire

What's the size of the undeveloped landbank left?

1 month ago

warchest

If not mistaken, they still have RM1.2bil of undeveloped land and those properties under BTR.

1 month ago

Steve64

Their GDV in UK according to last yr's AR was around 4.5bil Pounds.
Wonder if that correlates to RM 1.2 bil. undeveloped land held by them?? Anyone can shed some light on this??

1 month ago

fortunefire

it's 4.5bil ringgit, not pound.

1 month ago

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