[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：
由于各种正在进行的项目有较高的完工率和销售量（有资格获得收入和利润的确认），2019年第4季度的收入为9.065亿令吉和毛利润为1.415亿令吉，分别比2019年第3季度增加了3.852亿令吉和2940万令吉。
前景：
在2019财政年度的最后2个月，绿盛世录得总销售额7.66亿令吉。与该财政年度首10个月的19亿4000万令吉相比，最后2个月显然是表现最佳的月份。由于该财政年度的最后两个月的月销售额增加，集团能够在2019财年录得27亿令吉的全年总销售额。
除了为支持政府的NHOC所提供的各种购房奖励和援助外，该集团还为2019财年的销售做出了贡献的其他举措包括：
-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；
-＃SENANGjer宣传活动，向年轻的马来西亚人，尤其是土著购买者，宣传拥有EcoWorld物业的好处和便利。鉴于该集团提供的具有吸引力的一揽子计划，以及今年年初启动的与EcoWorld的居者有其屋计划（HOPE）以及政府的全国居者有其屋计划（NHOC）提供的各种激励措施；
-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；
-EcoWorld的Design2Own应用程序，使客户能够共同创建他们梦想中的房子的内部布局，从而增加可用于满足更广泛的市场需求和愿望的选项。
2019财年，集团出售的物业竣工和移交数量最多。集团在项目，产品和服务的概念化和交付过程中坚定不移地关注构思和创新，从而在每个EcoWorld Signature开发项目中创造了高度宜居的环境。交接项目的占用率通常很高，因此在巴生谷，马来西亚依斯干达和槟城建立了兴旺的EcoWorld社区。
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）。
2020年还将推出一系列价格在30万至45万令吉之间的房屋，以利用现有EcoWorld城镇中出色的基础设施，建筑环境和综合设施。这个新品牌将为客户提供更多选择元素，以决定他们想要的生活方式，从而进一步扩大集团的市场吸引力。
因此，根据将在2020财年实施的其他计划，马来西亚EcoWorld充满信心地有望实现为2019财年和2020财年设定的两年合计60亿令吉的销售目标。在马来西亚以外，EcoWorld国际在2019财年录得11.23亿令吉的销售额。集团的中端产品定价为每平方英尺500英镑至800英镑，2019财年继续保持强劲的增长势头。尽管该集团在伦敦的高端产品受到英国脱欧相关不确定因素的影响，但有迹象表明，这一市场可能已经触底。
悉尼和墨尔本的房地产市场情绪也继续恢复，各种市场观察家报告称，过去几个月来活动改善，价格上涨积极。鉴于市场前景不断改善，EcoWorld International还将维持先前宣布的2019财年和2020财年的合并两年销售目标，即60亿令吉。其管理层将继续在英国寻求大量的Build-to-Rent交易，以实现销售目标。
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。
截至2019年10月31日，马来西亚EcoWorld在其子公司和合资企业未来收入中的有效股份（包括其在EcoWorld国际未来收入中的27％份额）将达51.6亿令吉。这能帮助维持该集团明年的利润增长动力，使其能够在2020财年宣布其第一笔股息。
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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%
我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：
预计公司每年的增长率必须> 14％
我想说服读者学习基本面分析FA以便能从股市赚钱。
我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过jamesngshare@gmail.com 或我的FB页面与我联系。
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12月22日星期日：AG Hotel Penang, George Town 2份点心
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2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐
12月21日星期六：AG Hotel Penang, George Town
12月28日星期六：Hotel Sri Petaling, KL
2020年2月23日星期日：Silka Johor Bahru Hotel, Johor Bahru
3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡
12月20日星期五：AG Hotel Penang, George Town 2份点心
12月27日星期五：Hotel Sri Petaling, KL 3份点心
2020年2月21日星期五：Silka Johor Bahru Hotel, Johor Bahru 7份点心
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这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。
James Ng
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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.
Prospects:
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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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:
the forecasted growth of a company must > 14% per year
I wish to convince readers to learn FA in order to make money from stock market.
I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.
This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.
James Ng
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