[ECO WORLD DEVELOPMENT GROUP BHD：2019年11月推出EcoWorld for Generations建立了一个强大的平台，以传达集团提供产品的能力，以满足人口和心理方面的每一代需求（即基于共同的兴趣，生活方式和热情）]
4Q19 vs 4Q18:
与2018年第4季度相比，2019年第4季度的收入和毛利分别增长了96％和57％。促成2019年第4季度的收入和毛利的主要项目是巴生的Eco Majestic，Eco Forest，Eco Sanctuary和Klang Valley的Eco Sky，Eco Botanic, Eco Spring, Eco Summer, Eco Business Park I, Eco Business Park II, Iskandar Malaysia的Eco Tropics和Eco Business Park III，和Penang的Eco Meadows。
2019年第四季度录得的收入和毛利增加，主要是由于子公司在2019年下半年获得了更高的完工百分比和更高的销售额（符合收入和利润确认的条件）所致。 2019年第四季度与2018年第四季度相比，大马JV的业绩份额增长了355％。该增长是由于2019年下半年销售强劲以及Eco Grandeur，Eco Business Park V，Eco Horizon，Eco Ardence和Bukit Bintang City Center（BBCC）取得更多的工程进展。
集团在国际合资企业Eco World International Berhad（EcoWorld International）的业绩中所占的份额在2019年第四季度比2018年第四季度增长了约11倍。这主要是由于其完成并向客户移交了英国的合资项目的单位，以及EcoWorld London Built-to-Rent（BtR）开发的收入和利润确认。与2018年第四季度相比，2019年第四季度较高的收入，毛利和合资企业的业绩份额导致PBT增长626％，PAT增长536％。
YTD19 vs YTD18:
与年初至今的2019年第四季度相比，收入更高主要是由于在2019年3月1日正式启动全国房屋所有权运动（NHOC）之后，销售强劲回升，以及项目完成的百分比更高。马来西亚合资企业由于赚取的更高收入，在4Q YTD 2019也为集团带来了更高的PAT。由于4Q 2019取得了强劲的业绩，集团在EcoWorld International的业绩中所占份额从4Q YTD 2018的300万令吉净亏损转为4Q YTD 2019的5920万令吉的PAT。
4Q19 vs 3Q19：
-Life @ EcoWorld，涵盖了集团为提供精心设计的各种整体服务和便利设施而进行的持续努力，以适合每个项目的目标客户群；
-产品创新，例如ErgoHomes @ EcoForest，以可承受的价格提供具有可定制内部空间，公共和私人花园的露台生活新景观；
多年来，通过对卓越服务的坚定承诺，客户参与度也很强，并得到了培养。这为在2019年11月推出EcoWorld for Generations建立了一个强大的平台，以传达集团提供产品的能力，以满足人口和心理方面的每一代需求（即基于共同的兴趣，生活方式和热情）。
EcoWorld国际还将努力在2020财年交付Wardian，West Village，Yarra One和伦敦城市岛的最后一个住宅区。因此，预计在其50亿令吉的未来收入有效份额中，很大一部分将转化为2020财年的收入和利润，这为其提供了强大的近期盈利可见性。
James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM2.25 (dividend RM0.025) in 1 year 4 months 1 day, total return is 218.2%
b) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.31 in 10 months 23 days, total return is 127.8%
c) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.875 in 3 months 18 days, total return is 92.3%
d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.42 (dividend RM0.04) in 1 year 5 months 12 days, total return is 83.6%
e) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.88 (adjusted)(dividend RM0.01) in 6 months 11 days, total return is 73.1%
f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.34 (dividends RM0.113) in 1 Year 2 months 6 days, total return is 54.3%
g) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.21 (dividend RM0.015) in 11 months 27 days, total return is 53.1%
h) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.34 in 5 months 13 days, total return is 48.9%
i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.66 (dividend RM0.07) in 1 Year 25 days, total return is 36.2%
j) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.26 (dividend RM0.018) in 11 months 20 days, total return is 32.4%
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[ECO WORLD DEVELOPMENT GROUP BHD: This has established a strong platform for the launch of EcoWorld for Generations in November 2019 to communicate the Group’s ability to offer a product to suit the needs of every generation, both from a demographic and psychographic (i.e. based on shared interests, lifestyles, passions) standpoint]
4Q19 vs 4Q18:
Revenue and gross profit in 4Q 2019 grew by 96% and 57%, respectively, compared to 4Q 2018. The main projects which contributed to revenue and gross profit in 4Q 2019 were Eco Majestic, Eco Forest, Eco Sanctuary and Eco Sky in the Klang Valley, Eco Botanic, Eco Spring, Eco Summer, Eco Business Park I, Eco Business Park II, Eco Tropics and Eco Business Park III in Iskandar Malaysia and Eco Meadows in Penang.
The higher revenue and gross profit recorded in 4Q 2019 were mainly due to higher percentage of completion and higher sales (qualifying for revenue and profit recognition) secured by subsidiaries in 2H 2019. The Group’s share of the results of its Malaysian joint-ventures increased by 355% in 4Q 2019 compared to 4Q 2018. The increase is the result of stronger sales in 2H 2019 as well as greater progress of works achieved by Eco Grandeur, Eco Business Park V, Eco Horizon, Eco Ardence and Bukit Bintang City Centre (BBCC).
The Group’s share of the results of the international joint-venture, Eco World International Berhad (EcoWorld International), increased by approximately 11 times in 4Q 2019 compared to 4Q 2018. This was mainly due to the completion and handover of units to customers by its joint venture projects in the United Kingdom and the revenue and profit recognition from EcoWorld London’s Built-to-Rent (BtR) development. The higher revenue, gross profit and share of results of joint-ventures in 4Q 2019 have resulted in a 626% increase in PBT and a 536% increase in PAT when compared to 4Q 2018.
YTD19 vs YTD18:
The higher revenue in 4Q YTD 2019 compared to 4Q YTD 2018 was mainly due to the strong recovery in sales after the official launch of the National Home Ownership Campaign (“NHOC”) on 1 March 2019 and the higher percentage of completion achieved by the projects. The Malaysian joint-ventures also contributed a higher PAT to the Group in 4Q YTD 2019 due to higher revenues earned. The Group’s share of results from EcoWorld International turned around from a RM3.0 million net loss in 4Q YTD 2018 to a PAT of RM59.2 million in 4Q YTD 2019 due to the strong results achieved in 4Q 2019.
4Q19 vs 3Q19:
The 4Q 2019 revenue of RM906.5 million and gross profit of RM141.5 million are respectively RM385.2 million and RM29.4 million higher than in 3Q 2019 due to higher percentage of completion and higher sales (qualifying for revenue and profit recognition) secured by various ongoing projects.
In the last 2 months of FY2019, the Group recorded sales totalling RM766 million. Compared to the RM1.94 billion achieved in the first 10 months of the financial year, the last 2 months were clearly the best performing months in terms of sales. As a result of the higher monthly sales in the last 2 months of the financial year, the Group was able to record total whole year sales of RM2.7 billion for FY2019.
Apart from the various homeownership incentives and assistance offered in support of the Government’s NHOC, the Group’s other initiatives which contributed to sales in FY2019 include:
-Life@EcoWorld, encompassing the Group’s ongoing efforts to provide a wide range of holistic services and amenities carefully curated to suit the target customer base of each project;
-#SENANGjer campaign to communicate to young Malaysians, especially Bumiputra purchasers, on the benefits and ease of owning an EcoWorld property. This is in light of the attractive packages offered by the Group in conjunction with the Home Ownership Programme with EcoWorld (HOPE) launched at the start of the year coupled with the various incentives available under the Government’s National Home Ownership Campaign (NHOC);
-Product innovations such as ErgoHomes @ EcoForest providing a new take on terrace living with customisable internal spaces, communal and private gardens at an affordable price point;
-EcoWorld’s Design2Own App which enabled customers to co-create the internal layout of their dream home thereby increasing options available to cater to the needs and aspirations of a wider market segment.
FY2019 also saw the largest number of completions and handover of properties sold by the Group. The Group’s unwavering focus on ideation and innovation in the conceptualisation and delivery of its projects, products and services has led to the creation of highly liveable environments within each EcoWorld Signature development. Occupancy rates for projects handed over are generally high, resulting in thriving EcoWorld communities being established in the Klang Valley, Iskandar Malaysia and Penang.
Customer engagement is also strong, built and nurtured over the years through steadfast commitment to service excellence. This has established a strong platform for the launch of EcoWorld for Generations in November 2019 to communicate the Group’s ability to offer a product to suit the needs of every generation, both from a demographic and psychographic (i.e. based on shared interests, lifestyles, passions) standpoint.
A new range of homes priced from RM300,000 to RM450,000 will also be introduced in 2020 to capitalise on the excellent infrastructure, built environment and comprehensive amenities within existing EcoWorld townships. This new brand will provide a greater element of choice to customers to decide how they want to live, thereby further extending and broadening the Group’s market appeal.
Based on the other plans to be implemented in FY2020, EcoWorld Malaysia is therefore confident that it is on track to achieve the combined 2-year RM6 billion sales target set for FY2019 and FY2020. Outside Malaysia, EcoWorld International recorded RM1.123 billion sales in FY2019. The Group’s midmainstream products priced from GBP500 psf to GBP800 psf continued to deliver strong performance in FY2019. While the Group’s higher-end products in London were affected by Brexit-related uncertainties, there are signs that this segment of the market may have bottomed out.
Property market sentiments in Sydney and Melbourne also continue to recover with various market observers reporting improved activities and positive price growth over the past several months. Given the improving market outlook, EcoWorld International is also maintaining its previously announced combined 2-year sales target of RM6 billion for FY2019 and FY2020. Its management will continue to pursue sizeable Build-to-Rent deals in the UK to achieve this sales target.
EcoWorld International will also work towards delivering Wardian, West Village, Yarra One and the last residential block in London City Island in FY2020. A significant portion of its RM5.0 billion effective share of future revenue is therefore anticipated to be translated into revenue and profits in FY2020 and this provides it with strong near-term earnings visibility.
EcoWorld Malaysia’s effective stake in the future revenue of its subsidiaries and joint ventures (including its 27% share of EcoWorld International’s future revenue) stands at RM5.16 billion as at 31 October 2019. This will sustain earnings growth momentum in the new financial year and help contribute towards the Group’s aim to be in a position to declare its first dividend in FY2020.
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