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OverviewFinancial Highlight
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Business Background Eco World Development Group Bhd is a Malaysian property development company. The company has development projects including new townships, integrated commercial developments, luxury high-rise apartments, and green business parks. The company's projects are spread across three economic areas of Malaysia: Klang Valley, Iskandar Malaysia, and Penang. Some of the company's key projects are Eco Grandeur, Eco Ardence, Eco Business Park, and Eco Bloom. The company's business can be divided into revenue generating areas to include the sale of completed properties and other goods, the sale of properties under development, and construction contracts. The company derives a majority of its revenue from the sale of properties.
![]() chongwee https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E8%8B%8F%E4%B8%B9%E9%99%9B%E4%B8%8B%E5%B0%86%E5%87%BA%E4%BB%BB%E5%85%83%E9%A6%96-%E6%9F%94%E4%BD%9B%E6%A6%82%E5%BF%B5%E8%82%A1%E9%AB%98%E6%AD%8C%E7%8C%9B%E8%BF%9B#google_vignette 19/01/2024 10:30 AM chongwee AGONG WANT MADANI MALAYSIA WANT JOHOR DEVELOPMENT WANT JOHOR GROWTH IN HIS HIGHNESS LEADERSHIP 19/01/2024 10:57 AM sugumaran https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2023-09-14-story-h-240017061-Shortlist_of_HSR_Frontrunners_Just_Market_Sensing_Parties_to_Start_on_C 24/01/2024 5:05 PM pang72 Penny property stock leads the sectors last year like UEMS set to end... The big cap property stocks set to take over the game... Sunway, ecoworld, spsetia, Simep..... Ioip... 21/03/2024 4:24 PM pang72 English colony building design attracted many young couple for their 1st home! 22/03/2024 3:15 PM KingKKK Property Sector (KingKKK) - Unveiling Potential Q1 Stars: SUNWAY, AVALAND, E&O, SIMEPROP, UEMS, SPSETIA, IOIPG, MAHSING and ECOWLD https://klse.i3investor.com/web/blog/detail/bestStocks/2024-03-23-story-h-185587105-Property_Sector_KingKKK_Unveiling_Potential_Q1_Stars_SUNWAY_AVALAND_E_O 24/03/2024 10:35 AM stampid54 Beside property counters, their upstream supplier, Eframe is also going up lately, especially its warrant has large trading volume recently 12/04/2024 2:32 PM shareinvestment7 Got Trapped inside Eframe-Wa? So come here and promote Eframe-Wa? Eframe is damn downtrend stock, Eco World is uptrend stock. If you want a miserable life, then go and hold Eframe. If you want an easier life, then buy Eco World. 24/04/2024 10:43 AM Plantermen Bad timing. DJ index drop 600+points. Don't expect any positive catalyst forthcoming. 24/05/2024 11:03 AM Jonathan Keung Barchart & MACD showing negative signals. Pull back is expected after recent uptick in prices 24/05/2024 11:28 AM pang72 I pass by the new community township by Ecoworld eveeyday. I buy grocery and dining at Ecoworld... I admire their development project with super crowded in the weekend... I don't know I forget about the listing in bursa:( 30/05/2024 5:16 PM NickelLee IWCity (1589.KL) Biggest Laggard In Johor Property Boom Over the weekend, The Edge Weekly featured a 200-pager Special Edition titled “JOHOR READY FOR THE BIG LEAP”. Johor since the middle of last year had been the hotbed of investment be it property counters and the involvement in Data Centre Theme. Share prices with exposure to Johor were sure hits for these 18 months. The main catalyst is none other than the sheer amount of FDIs pouring into the state. In addition to the big policy moves to formulate and execute business-friendly decisions in spearheading the state’s economic growth. Quoting Datuk Ho Kay Tat (Publisher & Group CEO of The Edge) Publisher’s Note [THE STARS MAY FINALLY BE ALIGNED FOR JOHOR] “In 2006, Malaysia launched the Iskandar development project to try and push things forward for Johor, but progress has not been as good as hoped and one reason is because of the cool response from Singapore. But this appears to have changed recently, and there is now bullish optimism in the air because of closer government-to-government cooperation that has enabled things to move. The collaborative construction of the Rapid Transit System Link (RTS Link) from Woodlands in Singapore to Bukit Chagar in the heart of Johor Bahru and the creation of the Johor-Singapore Special Economic Zone will be game changers. Another factor is that Johor’s Sultan Ibrahim is now the King of Malaysia and His Majesty will definitely give an added push to make things happen sooner, rather than later For Johor, the stars may finally be aligned” In a RHB Report dated 13 May 2024 Titled [Real Estate - JS-SEZ: The New Chapter of Iskandar Malaysia] mentioned a list of major landowners in Iskandar Malaysia. Further extrapolating from the list, the table below shows the share price performances of these landowners. Company Name / YTD-Performance UEM Sunrise +35.7% Sunway +65.1% IOI Properties +37.5% Mah Sing +125.6% LBS Bina +16.7% Ecoworld +47.2% AME Elite +2.4% KSL +57.3% Scientex +13.3% 😲IWCity -0.6% 😲 Crescendo +53.1% YTL Corp +90.1% MPHB +53.8% To many investors' surprise, IWCity is the only company that printed a negative return on share price with a meagre -0.6% contraction. The average YTD return for companies with land banks in Iskandar Malaysia Region was +49.8% and even more on a 1-Year measurement. Surging property prices in Johor as seen from recent transactions with KSL, Paragon Globe, Crescendo and AME Elite are some of the anecdotal evidence that land prices are indeed moving up. Hence, one needs to take a closer look at IWCity as it lags behind its peers by a far margin. Hence, an opportunity for the late comers to catch up with very low downside risks. https://klse.i3investor.com/web/blog/detail/IWCITY/2024-06-09-story-h-159762931-IWCity_1589_KL_Biggest_Laggard_In_Johor_Property_Boom 10/06/2024 8:11 AM MoonStalker news out, sell out. no point take risk.. just sold all my holding last week when NEWS out.. 19/06/2024 7:42 PM Brutus Good solid QR and the generous dividend! Keep up the awesome job ECOWLD Management! At this rate constantly the PAT will hit RM 280M! Highest achievement was RM 209M. Hoping for special dividend at the end of the FY. 20/06/2024 11:50 PM calvintaneng THERE IS A LAND CLEANER & GREENER THAN SINGAPORE: AND LAND PRICES AS LOW AS 3 SEN SINGAPORE PER SQ FEET: WHERE TO FIND? https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-06-23-story-h-158783703-THERE_IS_A_LAND_CLEANER_GREENER_THAN_SINGAPORE_AND_LAND_PRICES_AS_LOW_A 23/06/2024 3:39 AM DouglasLiu Ecoworld's share price is catching up with Sp Setia alrdy. Next, it will catch up Mahsing 😁 04/07/2024 5:28 PM Brutus Wonder the management is planning any Bonus Issue of 1:1 or 1:2 since price has risen quite a fair bit. 10/07/2024 8:37 PM CalvinHans EcoWorld looking good... BusinessParks has more capacity for more Data Centre even after Microsoft's deal. 12/07/2024 2:53 PM ![]() ![]() | |