Fair Value: 1.27 (Inter Pacific), 1.30 (MIDF), 1.33 (Kenanga), 1.34 (TA), 1.35 (PBB).
EWI has the support of Tan Sri Quek Leng Chan, PNB, KWAP, and the EPF.
The track record and financial muscle backing EWI are important as the company has yet to turn in a profit and is essentially riding the trust and confidence in the ability of its key managers and leaders to deliver on its immense potential.
EWI is expected to be loss making in 2017, post its maiden profit in FY2018 and a bigger one in FY2019. Unlike the progress billing practiced in Malaysia, EWI’s projects will only be booked upon their completion.
Some 92% of EWI’s estimated GDV of rm13 billion is in London, which may be affected if the UK economy slows down due to its withdrawal from the EU.
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