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Eco World Development Group Bhd's (EcoWorld) prospects appear promising, underpinned by its strategic focus on expanding its recurring income portfolio and capitalising on resilient sales growth.
PETALING JAYA: Eco World Development Group Bhd's (EcoWorld) prospects for the remainder of its financial year ending Oct 31, 2025 (FY25) remain bright on the back of the recognition of land sales to Microsoft Corp as well as a rise in residential sales from new launches, analysts say.
Eco World Development Group Bhd (EcoWorld) posted a 15.4% increase year-on-year (y-o-y) in its net profit during the first quarter ended Jan 31, 2025 (1Q25).
Eco World Development Group Bhd (EcoWorld), which has expanded into data centres, has been upgraded to a "market perform" with a RM2 target price by Kenanga Research.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: Eco World Development Group Bhd has recorded a net profit of RM80.34 million in the first quarter (1Q) ended Jan 31, 2025, from RM69.63 million in the same period last year.
MIDF Research has maintained its "buy" call on Eco World Development Group Bhd (EcoWorld) following the company's land disposal announcement, saying that the disposal price is "attractive".
PETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) is selling 32.9 acres of industrial land to Deye New Energy for RM119mil.
Eco World Development Group Bhd (EcoWorld) aims to boost its recurring income stream to between 20% and 30% of its profit after tax within the next three to five years, following its first build-and-lease data centre project secured from Pearl Computing Malaysia Sdn Bhd earlier this week.
KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld) said its wholly-owned subsidiary Paragon Pinnacle Sdn Bhd had inked a deal to dispose of 58 acres of leasehold industrial land in Eco Business Park V in Selangor to Pearl Computing for RM266.1mil.
Analysts remain upbeat about property developer Eco World Development Group Bhd (EcoWorld Malaysia) following several recent land deals.
PETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) is selling freehold industrial land measuring 138.532 acres at Eco Business Park I in Iskandar Malaysia to Microsoft Payments (Malaysia) Sdn Bhd for RM693.96mil.
Eco World Development Group Bhd (EcoWorld) says its wholly-owned subsidiary, Paragon Pinnacle Sdn Bhd, has inked a deal to dispose of 58 acres of leasehold industrial land in Eco Business Park V in Selangor to Pearl Computing for RM266.1mil.
PETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) is selling freehold industrial land measuring 138.532 acres at Eco Business Park I in Iskandar Malaysia to Microsoft Payments (M) Sdn Bhd for RM693.96mil.
KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.
Eco World Development Group Bhd (EcoWorld) will be focusing on strengthening its revenue generators and enhancing value creation across all developments this year.
Eco World Development Group Bhd (EcoWorld Malaysia) is banking on the completion of ongoing land acquisitions to boost its future sales growth.
KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.
Eco World Development Group Bhd’s (EcoWorld) new collaboration with SD Guthrie Bhd and NS Corp Sdn Bhd to jointly develop an industrial park in Negri Sembilan is a “win-win” deal for all parties involved, according to analysts.
Eco World Development Group Bhd (EcoWorld) is confident with its prospects moving forward, stating it is well positioned to expand its landbank to broaden and deepen its market share and increase future pipelines of growth.
