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Happy Sunday everyone! In my previous article dated 19 July 2020, I quoted prominent Feng Shui masters saying of, What is the easiest way to look for place with good Feng Shui? Just tap into where the wealthy people stay in!
In order for us to reach and optimize our wealth potential, it has always come down to us and our daily habits. Habits are the root to everything in life. Successes and failures are outcomes from our daily actions taken. It might not work all the time despite being disciplined adhering to most of these habits, but at least we build improve to value our time over things, cultivate patience, act and never give up as well as don’t be afraid of taking risk, especially calculated risk.
Long story short, wealthy people have complete and strong control over their finances especially in spending and investing. They aren’t compulsive spenders, knowing every dollar that comes in and every cent that goes out. This is one area that I’m so keen on investing in EWINT especially since 23 shareholders alone owns about 85.3% of the issued share capital of EWINT (refer the table below). These are prominent boys in the Billionaire Boys Club as they are the largest institutions in Malaysia, founders and directors of listed companies and ultra-high net worth investors.
They have a good business acumen and envision where they want to be in 10 years, 20 years and beyond and understand the rate of returns that they want to achieve. A typical required rate of return for them is about 15% per annum. Hence, I strongly believe the IPO price of RM1.20 is the minimum target price for EWINT.
Shareholders of EWINT as at 22 January 2020
No.
Shareholders
Profile
No. of shares
%
1
GLL EWI (HK) Limited
Owned Tan Sri Quek Leng Chan
648,000,000
27.0%
2
Eco World Capital (International) Sdn Bhd
Subsidiary of Eco World Development
648,000,000
27.0%
3
Tan Sri Dato' Sri Liew Kee Sin
Founder of SP Setia, Eco World
246,540,798
10.3%
4
Permodalan Nasional Berhad ("PNB")
Malaysia's largest fund management company
170,184,200
7.1%
5
Sinarmas Harta Sdn Bhd
Owned by Dato' Leong Kok Wah
78,726,900
3.3%
6
KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Malaysia's pension fund for public employees
75,546,900
3.1%
7
EMPLOYEES PROVIDENT FUND BOARD
Malaysia's pension fund for private employees
47,794,800
2.0%
8
LIEW TIAN XIONG
Son's of Tan Sri Dato' Sri Liew
44,000,000
1.8%
9
TEE TIAM LEE
Deputy Chairman, Salcon BHD
16,459,800
0.7%
10
Dato' Teow Leong Seng
President & CEO, EWINT
15,263,000
0.6%
11
SIGMA SELEKSI SDN BHD
Owned by Tan Sri Syed Mokhtar Albukhary
6,809,200
0.3%
12
WONG SWEE YEE
Founder & MD, Fitters Diversified Berhad
6,265,600
0.3%
13
Dato’ Voon Tin Yow
CEO of IOI Properties
6,141,600
0.3%
14
Tan Sri Azlan Bin Mohd Zainol
Ex-CEO of EPF
5,120,000
0.2%
15
MAH LILY
Investor
5,100,000
0.2%
16
BEH HANG KONG
Executive Director, ML Global Berhad & Yong Tai Berhad
5,054,200
0.2%
17
JAYASANKARAN A/L K.K.SANKARAN
Executive Director, APEC
5,000,000
0.2%
18
KHO CHAI YAM
Investor
4,341,900
0.2%
19
PHUA SIN MO
Founder, Century Logistics Holdings
3,110,000
0.1%
20
Cheah Tek Kuang
Ex-MD of AMMB Holdings
3,000,000
0.1%
21
BAKRY BIN HAMZAH
Managing Director, Tradewinds Malaysia
3,000,000
0.1%
22
Dato’ Siow Kim Lun
Ex-Director of Securities Commmission & Director of many listed companies
2,000,000
0.1%
23
Dato’ Leong Kok Wah
Major shareholder, Eco World
2,000,000
0.1%

No. of shares

2,047,458,898
85.3%
         
  No. of issued shares floated for retailers
 
352,541,102
14.7%
  No. of issued shares
 
2,400,000,000
100%
In the case of EWINT, one will notice it might not generate lots of volume. EWINT only generates daily volume of an average 2 to 3 millions shares despite having huge number of issued shares amounted to 2.4 billions. The rationale lies behind its floated shares of only about 325 millions (14.7% of the issued shares), as 2,047 billions shares or 85.3% are owned by these sophisticated investors which hold to yield much higher returns on their investments.
Let’s take another company for illustration purpose. Ekovest Berhad with similar number of issued shares as EWINT (2.65 bil shares) generates a daily volume between 20 to 30 millions shares. That is about 10 times of EWINT daily volume turnover. Reason being is because Ekovest shareholding structure is dominated by retail investors.
In summary, the simplest way to grow wealth is by tapping into what and where these Billionaire Boys Club members are investing in. Hope this article finds you well.

https://klse.i3investor.com/blogs/TimelessInvestment/2020-08-02-story-h1510727208-Eco_World_International_EWINT_Billionaire_Boys_Club.jsp
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