News
Asset injection may increase Eco World’s valuation
KUALA LUMPUR: Eco World Development Group Bhd (ECOWLD 8206), whose shares were on an uptrend in recent weeks, could add some RM3.74 to its valuation upon completion of an asset injection exercise alongside a re-evaluation of its current assets.
Previously in a March 2013 report, Maybank IB noted that Eco World was among five property developers under its coverage being traded at 28 per cent and 55 per cent discounts to their real net asset value.
Eco World was recently questioned by Bursa Malaysia on the steep rise of its stock price.
The asset injection could add some RM2.22 a share based on valuation, while revaluing the Masai land could add some RM1.50 a share to the company’s net asset value.
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Eco World has risen from below RM1 some six months ago to close at RM4.49 a share yesterday.
Read more: Asset injection may increase Eco World’s valuation http://www.btimes.com.my/Current_News/BTIMES/articles/20140110030503/Article/#ixzz2pxJwnESd
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Be the first to like this. Showing 3 of 3 comments
all base on assumptions.....
tendency to deviate very very high.....& all the assumed figures came from newspaper report....if deviated....point finger to newspaper lor....newspaper is good to be blamed? last UMA issued to Ecoworld, Ecoworld also said it was The Star fault mah,lol
if they inject ciput 100mil test water first?.....few months down the road inject another ciput 100 mil ? later not all 5 bil going to be injected?
2014-01-10 12:10
This report is come from Maybank. http://klse.i3investor.com/blogs/ecoworld3/44598.jsp
2014-01-11 02:25
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how could one value the price of the stock when the asset is yet to be injected.
2014-01-10 12:01