(Stocks Discussion) SGX: EC World REIT (SGX: BWCU)? - Seedly
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Anonymous

Asked on 29 Apr 2020

(Stocks Discussion) SGX: EC World REIT (SGX: BWCU)?

Discuss anything about EC World REIT (SGX: BWCU) share price, dividend yield, ratios, fundamentals, and if you would buy or sell this REIT on the SGX Singapore market. Do take note that the answers given by our members are just their opinions, so please do your own due diligence before making an investment in EC World REIT (SGX: BWCU).

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Sharon
Sharon
Top Contributor

Top Contributor (Jul)

Level 6. Master
Answered on 02 May 2020

Here's the latest update, based on their annual report. Written by a unitholder:

https://www.thesingaporeaninvestor.sg/2020/04/28/what-i-learned-from-ec-world-reits-2019-annual-report/

What I don't like about EC World REIT is the low interest cover ratio (3.7x; FY2019), which went down from 4.4x (FY2018). Although it's higher than MAS' ICR 2.5x requirement, 3.7x is still a bit risky in this challenging business environment.

Yet I'm a unitholder of EC World REIT. LOL. Oh well.

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Jacob
Jacob
Level 6. Master
Answered on 01 May 2020

For reference, Sudhan did up an analysis on EC World here: https://blog.seedly.sg/ec-world-reit-sgx-bwcu-analysis

It is indeed attractive given how the e-commence industry is booming in China with rise of Taobao and how many of our goods are from China as well. Being listed in 2016, there hasn't been a long history to analyse its performance but this will be one to watch as China e-commence continues its trajectory.

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Gavin Tan
Gavin Tan
Level 5. Genius
Answered on 01 May 2020

Hey there ! I've done 2 analyses on EC World REIT ! I personally like EC World REIT and most probably will get a stake in it soon !

https://sgstockmarketinvestor.com/2-reasons-why-you-should-invest-in-ec-world-reit-right-now/

https://sgstockmarketinvestor.com/stock-analysis-ec-world-reit/

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