ECO WORLD INTERNATIONAL BERHAD

KLSE (MYR): EWINT (5283)

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Last Price

0.36

Today's Change

0.00 (0.00%)

Day's Change

0.355 - 0.365

Trading Volume

2,591,400

Overview

Market Cap

864 Million

NOSH

2,400 Million

Avg Volume (4 weeks)

6,183,629

4 Weeks Range

0.335 - 0.395

4 Weeks Price Volatility (%)

41.67%

52 Weeks Range

0.285 - 0.73

52 Weeks Price Volatility (%)

16.85%

Previous Close

0.36

Open

0.36

Bid

0.36 x 390,200

Ask

0.365 x 796,700

Day's Range

0.355 - 0.365

Trading Volume

2,591,400

Financial Highlight

Latest Quarter | Ann. Date

31-Jan-2024 [#1] | 20-Mar-2024

Next QR | Est. Ann. Date

30-Apr-2024 | 21-Jun-2024

T4Q P/E | EY

-11.85 | -8.44%

T4Q DY | Payout %

16.67% | 0.00%

T4Q NAPS | P/NAPS

0.65 | 0.55

T4Q NP Margin | ROE

-68.87% | -4.67%

Company Profile

Sector: PROPERTY

Sector: PROPERTY

Subsector: PROPERTY

Subsector: PROPERTY

Description:

Eco World International Bhd (EWI) is a Malaysia-based investment holding company, which provides management services to EWI Group. EWI Group is principally involved in the development of residential and mixed-use properties in United Kingdom and Australia, and other activities of the Group include investment holding and the provisioning of promotion, marketing, advisory and project monitoring services. The Group's customers mainly comprise individual purchasers of residential properties. EWI Group's major projects are namely London City Island, Embassy Gardens and Wardian London - residential-led, mixed-use developments in London, United Kingdom, as well as West Village, Parramatta - a mixed residential and commercial development in Sydney, Australia. EWI's subsidiaries and joint ventures include Eco World Investment Co Ltd, Eco World Management & Advisory Services (UK) Limited, Fortune Quest Group Ltd, Eco World-Ballymore Holding Company Limited and Eco World ACE Co Ltd.

Discussions
6 people like this. Showing 50 of 6,120 comments

drkelvin20

Actually Warchest/Risk8888 are both right...the company is a damn failure....initial IPO Rm 1.2, after 7 years, now is 70sen+ with all dividends factored, isn;t a big failure?the way the run this company, they way they strategize thier biz, all a big failure...thas why you see they are under pressure (most likely from QLC CUCCO group) to recoup the initial investement via dividend payout.

The TS LKS and his geng think they can cling on to burn the money...but i beleive the CUCCO side will not allow.

Anyway, for those who nibble at around 50-40,30 sens, i beleive the current price has exceed your average price...so its not a big deal now as these group of investors have recoup thier investment.

But still, we have to admit, this is a failure company.

2 months ago

drkelvin20

i believe most of us averaged down to 60-50sen ++...with some not averaging down at all, and now suffer almost 50% loss.

I don;t believe those guy who claim they nibble at lowest of 25 sen...having 20-30 sen low average.

Normally if you are keen investor, you either invested much high price, and averaging down alsowly, or you don;t invest at all...
You cannot be going in at just the right time to get at 25 sen...no way!
From IPO price rm1.2, some invested at 80 sen, 70 sen, 60 sen, 50 sen ++even 40 sen, but the average price is higher than 40 sen i believe.

2 months ago

drkelvin20

So my point here is, i beleive most of us in same fate, stuck around 50-60sen++ having some surplus due to now 34sen+33+6 sen dividend...

but we need to admit, this is a lousy investment!!!!, 7 years, if keep your investement in bank, you can have 30% added on your initial investement amount..

so this company is a failure.

2 months ago

drkelvin20

Unless, CUCCO Land, TanSri GLC step in, inject more, coming our more plans, otherwise...its a failed company, going to be holding company with all management sitting there burning the money until the group retired.

2 months ago

RISK8888

Wow, finally you people recognise the failure of the management. Selling 20bil properties and not getting a sen profit over the years. Non stop impairment, cash burning paying big fat salaries. Faster tapao, earlier better.

2 months ago

drkelvin20

hi RISK8888,
dude, not finally, most of us know this isn;t a very successful investment after fiorst few years, but thanks to the stratagey to average down, many of us having some gain due to averaging down..not much though, but the gain is like compensating our investement + interest....so we aren;t too upset... and because the fact the current share price + dividends, already exceeed most of our averaged down buying price, so we are in comfort zone dude.

I never say this is a good investment from day 1....its crystak clear this is a lousy company led by lousy management....only the thing is how do we get back our investment plus return, and most of us have it back, so its lesson learn, then we contonue sit on here on board to see how it goes...

2 months ago

drkelvin20

RISK8888
dude, i am very sure only very few will think this company is a good investment..i am sure also...if the share price plunge below 25-30 sen, most of us will run....thas because we all, most of us, we have no confidence in it... we are are just riding on the current surplus now...



2 months ago

drkelvin20

dude, you didn;t average dowb, thas big mistake, and now is too late...thas difference between us....but i agree with you, since 2-3 years after IPO investement....i 100% agree with you, this is a lousy company led by lousy management...who probably just cling on to enjoy fat pay, fat allowance etc..

2 months ago

drkelvin20

Many of us already recoup investment fund+ interest....i hope the big share holder like CUCCO Land, also recoup enough, otherwise, CUCCO Land+TS GLC is the bigger loser here dude...thier investment is much larger than yours dude...

2 months ago

drkelvin20

and on the other hand, some of us decide to cling on here, we bear some hope, if the current big boss TS LKS give up this, and CUCCO PLD with more capital fund to shape the future, then i see there is slight hope where in 2-3 years time (when property boom again), the share price will go up to Rm 1+++ under new leadership...

If the company remain with the TS LKS and his geng, you can expect the similar trend in share price...the guy will sell at high before dividend, and buy after x -date, to make that different gains....lowest level of money making tricks.

-----
Diclaimer, above all are personal jurisdiction, not a buy call or sell call...not targetting on any individual....above is story telling

2 months ago

moneycome123456

Eco World International Bhd

Although Eco World International Bhd (EWI) is loss-making, the property developer, which has a presence in the UK and Australia, is set to continue paying out dividends for the current financial year ending Oct 31, 2024 (FY2024).

According to Maybank Investment Bank Research, EWI is likely to pay another RM600 million, or 25 sen per share, as dividends in FY2024. For FY2023, the property developer has paid out RM792 million and will be paying out RM144 million on Jan 17, 2024, bringing total dividends for the financial year to RM936 million, or 39 sen per share.

Maybank IB Research’s forecast dividend per share of 25 sen translates into a yield of 81.9%, based on EWI’s share price of 30.5 sen last Friday.

EWI has been in the red since FY2022, reporting losses after tax (LAT) of RM234.42 million, on account of the challenging operating environment as central banks around the world embarked on monetary tightening and higher costs as a result of the Russia-Ukraine war, tight labour market and supply chain disruptions. Because of these factors, cost revisions were required on several ongoing projects, which reduced gross margins.

For FY2023, its LAT narrowed to RM85.37 million.

Nevertheless, the group strengthened its balance sheet on the back of stronger sales, turning net cash in FY2022. Its net cash position improved to RM295.24 million as at Oct 31, 2023, from RM172.53 million a year ago.

In its latest quarterly financial statements, EWI said it aimed to sell completed or nearly completed houses worth RM850 million as at Oct 31, 2023, in FY2024, and distribute the excess cash generated (net of working capital requirements) back to shareholders. It added that launches for its “remaining sites continue to be put on hold”, pending feasibility reviews, given the weak sentiment among homebuyers and significant cost inflation.

Maybank IB Research, the only brokerage covering EWI, expects the group to remain loss-making until it decides to launch new projects. It has a “hold” call on EWI, with a target price of 26 sen.

2 months ago

RISK8888

I’m waiting them to privatise and pay back remaining capital to me. Since they holding back new launches, the valuation will be more straightforward to work out for privatisation.

2 months ago

Patient Investor

@RISK8888 The only reason they privatise is they see potential way beyond the offer price. so why hope they privatise and pay us peanuts?

2 months ago

RISK8888

Cause blindly take fat salary will burn off the cash, better pay us back our capital.

2 months ago

Jonathan Keung

Only issue .collapse of China property Evergrande group have a ripple effect in our counters. HK court order liquidation of China Evergrande assets

2 months ago

value101

don talk like a kid la. risk888. go goreng your aax or whatsoever. And to remind you, you think 1 million ringgit for a ceo is huge. That is not a fat salary. broaden your mind before you come to spread your broken vibes. invest your mind, do you think they bother to pay you this 39 sen of dividend while they can keep within themselves? 2.8 billion of funding and i see they have finished a 10 plus billion work. debt free + land bank+ retained earnings. Don't make here stinks. Cry to your mama while not averaging down your pricing.

2 months ago

RISK8888

Don’t waste time here value 101, ewint no future, project stop running. Going to die soon. It going to burn your money into ash.

2 months ago

Plantermen

Slowly it will drift into PN 17 status if no new business is injected. And cash run out and all their UK remaining property units sold.

2 months ago

value101

ya plantamen. like ur name. easy to melt when hot. run now before it is too late. This name fit you well.
and to remind you, business has it cycle. you don't have to run your "business" everyday to remind you are actually doing ok. cash flow is the bloodline, the most important factor in business. sometimes, it is better not to do than do a lot. again, broaden your mind with risk888. You guys should be in a pair to go for some random online invest101 class

2 months ago

RISK8888

Cakap kosong.

2 months ago

RISK8888

Value101 don’t waste time la. Cannot make money in ewint la. Go other place la.

2 months ago

moneycome123456

(吉隆坡6日讯)绿盛世国际(EWINT,5283,主板产业股)建议,将公司股本再度削资5亿令吉,以在2024及2025财政年(10月底结账)派发最多5亿400万令吉的股息。

以绿盛世国际目前总共24亿1780股的总股票数量来计算,该公司相当于计划在2024及2025财年,总共派发最多每股21仙的股息。

绿盛世国际今天通过文告称,再度削资的目的之一,是为了帮助公司达到接下来2年的派息目标。

在扣除营运资金和融资需求,以及达到销售目标的情况下,绿盛世国际计划在2024及2025财年,最多派发5亿400万令吉股息予股东。

同时,绿盛世国际称,通过进一步削资,该公司也将获得额外空间,可能派发比原定目标更多的股息。

在新一轮的削资完成后,绿盛世国际打算在现财年,先派发总共1亿4400万令吉,相当于每股6仙的第一轮股息。

该公司将在来届股东大会,寻求股东批准削资议案,而削资预计将在今年上半年完成。

绿盛世国际总裁兼总执行长拿督张良成在文告中称,该公司在短期内并没有任何推出新项目或收购的计划,因此,所需营运资金预计比往年少,而考虑种种因素后,公司决定继续通过股权来创造现金。

对股东最有利

“董事部相信,向股东回退额外创造的现金,是对所有股东最有利的方案。”

他补充,英镑对令吉强势升值,让该公司得以在转换汇率时,获得以令吉结算的更高收入,同时该公司的负债率目前接近零,旗下只有一家联营公司背负一项银行贷款。

在这之前,绿盛世国际在2023财年已经削资了15亿令吉,并派发了7亿9200万令吉或每股33仙的中期股息,以及1亿4400万令吉或每股6仙的终期股息。

闭市时,绿盛世国际报31.5仙,无起落,成交量144万1400股。

视频推荐 :

2 months ago

Patient Investor

After receive the dividend will buy more of EWINT. The outflow of company and people from HK/China has benefit Singapore, UK has postential :)

2 months ago

RISK8888

Dividend 0.20, share price only up 0.02. Ewint balik kampung la.

2 months ago

yong1985cm

dividend 0.20 for 2024 and 2025. only 0.06 in 2024, the rest 0.14 will be in 2025.

2 months ago

soon9913

Changes in Director's Interest (Section 219 of CA 2016) - TAN SRI DATO' SRI LIEW KEE SIN | https://www.klsescreener.com/v2/announcements/view/6383447

2 months ago

soon9913

why boss non stop selling if this counter is so good

2 months ago

speakup

新年快乐

2 months ago

Patient Investor

@soon9913 Try list out all the directors' selling and buying

2 months ago

arsenal93

LKS bought back all his son’s shares in one shot(22m shares) but people don’t see it.

1 month ago

RISK8888

Tunggu privatisation

1 month ago

drkelvin20

Hi Guys, anyone attended the meeting? thought there was a meeting held to approve the capital reduction? this week QR or next week QR, anyone know...?

3 weeks ago

drkelvin20

the stock price has been stagnant...

3 weeks ago

Lyon91

Tomorrow will fly 💸

3 weeks ago

moneycome123456

(吉隆坡20日讯)得益于外汇收益与财务成本降低,绿盛世国际(EWINT,5283,主要板房产)截至1月底2024财年首季转亏为盈,净赚182万令吉,对比上财年同期净亏3082万令吉;这也是该公司在连续亏损9个季度后,成功恢复获利。

绿盛世国际向大马交易所报备,首季营业额按年上涨41.6%至3167万令吉。


绿盛世国际截至1月底2024财年首季转亏为盈。
该公司指出,伦敦Eco World-Ballymore的还款与英镑转换,让公司享有外汇获利。此外,所有借款在2023年全部结清,也让公司财务成本降低。

绿盛世国际在2023财年首4个月销售额达2亿4300万令吉,加上2亿300万令吉的储备金,总额达4亿4600万令吉。

“其中最大贡献的项目为Embassy Gardens与London City Island,分别贡献了5亿4900万令吉和3亿400万令吉。”

3 weeks ago

acnca84

😎

3 weeks ago

StartOfTheBull

Total number of shares 2,400 million, if RM500 million allocated for capital reduction it will be roughly 20.8c dividend per share.

3 weeks ago

lefty88

@StartOfTheBull , so early already dreaming :-)

3 weeks ago

StartOfTheBull

How much do you know?
Anyway, it is just my simple calculation. I am not dreaming.

lefty88

63 posts

Posted by lefty88 > 25 minutes ago | Report Abuse

@StartOfTheBull , so early already dreaming :-)

3 weeks ago

newbietrader9

EP=0.37-0.38
TP=0.4-0.46
S=0.33

3 weeks ago

Neoh10855

Will continuously keep flying up by tomorrow 🤔

3 weeks ago

Lyon91

Today look like retracement

3 weeks ago

warchest

this is company that will keep paying you dividends. Don't worry. now RM500m earmarked & more to go. They have still a lot of assets

2 weeks ago

Patient Investor

The 5 projects in London though yet to kick start, but in planning stage. working capital will be raised through bank loan as company is in net cash position. :D

2 weeks ago

Sales

Trusted stock, good dividend.

1 week ago

Neoh10855

Selling volume not high if everybody buy in a small lot May help the price raise up ☝️

1 week ago

Lyon91

Today retracement again?

1 week ago

Lyon91

The Liew big boss running? Are Quek boss will add more in?

1 week ago

Neoh10855

Confirm retrace back to lowest price if nobody have interesting to this counter.. Blessing Good luck

1 week ago

StartOfTheBull

Boss Liew sold big chunk from 37.5c to 36c on 1st, 2nd and 3rd of April. How would price not retracing?

1 week ago

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