Asked on 29 Apr 2020
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).
Here's the latest update, based on their annual report. Written by a unitholder:
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.
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.
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 !