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
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
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%
|
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
