GOOD DIVIDEND
ECOWLD 8206 Share Price
RM2.06
klse: Eco World Development Group Berhad
Stock Information
Board : Main
Shariah : Shariah Compliant
Sector : Property Development
Address: 19th Floor, Menara The Stride, Bukit Bintang City Centre, No 2, Jalan Hang Tuah, 55100 Kuala Lumpur
Contact: +603-21104255
Website: https://ecoworld.my/
Stock Background
Eco World Development Group Berhad operates property investment and development. Through its subsidiaries, the Company develops properties and provides project management services.
Profit Analysis: ECOWLD 8206
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 18/06/26 | 797,398 | 179,429 | 129,140 |
| 12/03/26 | 1,353,598 | 224,061 | 156,414 |
| 10/12/25 | 750,780 | 173,161 | 126,729 |
| 18/09/25 | 761,931 | 140,017 | 101,170 |
| 26/06/25 | 878,198 | 198,808 | 129,831 |
| 20/03/25 | 539,633 | 103,911 | 80,344 |
| 12/12/24 | 638,450 | 104,556 | 83,420 |
| 19/09/24 | 526,216 | 111,393 | 80,442 |
| 20/06/24 | 555,761 | 98,523 | 70,049 |
| 21/03/24 | 537,786 | 92,434 | 69,628 |
| 14/12/23 | 844,456 | 20,057 | 3,293 |
| 21/09/23 | 476,850 | 91,344 | 66,337 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 3,664 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | 538,742 |
| Last 4 Quarter EPS (sen) | 16.44 |
| Last 4 Quarter PER | 12.36 |
| Last 4 Quarter Dividend (sen) | 800.00 |
| Last 4 Quarter Dividend Yield (%) | 3.88 |
| Net Tangible Assets (RM) | 1.70 |
| Goodwill (RM) | 0 |
| Cash (RM’000) | 2,500,000 |
| Debt (RM’000) | 0 |
| Total Debt (RM’000) | 4,690,000 |
| Net Assets (RM’000) | 8,170,000 |
| Current Ratio | 1.85 |
| Quick Ratio | 1.23 |
| Cash Ratio | 0.68 |
Technical
Technical Analysis
| MACD (26 vs 12) | -1.158 |
|---|---|
| Exponential Moving Average 5 | 2.087 |
| Exponential Moving Average 20 | 2.072 |
| Exponential Moving Average 90 | 2.102 |
| Relative Strength Index 14 | 0.44 |
| Stochastic %D 3 | 0.29 |
| Stochastic %K 14 | 0.42 |
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Stock Profit Analysis
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Salary Proof
BURSA MALAYSIA –
The Group’s revenue and gross profit were higher by 26.0% and 48.4%, respectively, as compared to the previous quarter. This was mainly due to higher sales secured (qualifying for revenue and profit recognition) from on-going and new launches, sales of bumiputera units released at Iskandar Malaysia projects as well as higher percentage of completion achieved on site in the current quarter. The Group’s recorded a PAT of RM1.8 million in 4Q 2022 as compared to RM46.4 million in 3Q 2022 mainly due to the RM81.0 million impairment of the Group’s investment in EWI in the current quarter.
BURSA MALAYSIA –
The Group’s revenue and gross profit were lower by 12.4% and 10.8%, respectively, as compared to the previous quarter. This was mainly due to higher sales secured (qualifying for revenue and profit recognition) and higher percentage of completion achieved on site in the previous quarter. The share of results of the Group’s Malaysian joint ventures was higher in 3Q 2022 as compared to 2Q 2022 mainly due to realisation of cost savings of near completion phases at Eco Grandeur and Eco Horizon in the current quarter.
BURSA MALAYSIA –
The Group’s profit after tax in 2Q 2022 was lower by RM17.69 million than in 1Q 2022. The share of loss in EcoWorld International was higher in 2Q 2022 mainly due to the impairment of investment in Eco World Ballymore joint venture, revision of project profit margins and higher inventory holding costs and lower profit recognition from its Built-to-Rent projects. This was partially offset by a higher unrealised gain on foreign exchange on retranslation of foreign currency loans as a result of the weakening of the British Pound
BURSA MALAYSIA –
The Group’s gross profit for 4Q 2021 were higher by 105% compared to 3Q 2021. This was due to higher sales of completed and nearly completed products in 4Q 2021 (thus enabling a higher revenue and gross profit to be recognised in the current quarter). Additionally, the gross profit also increased due to the cost savings realised as mentioned.
The Edge –
Eco World Development Group Bhd (EcoWorld) and its 27%-owned associate Eco World International Bhd (EWI) have set a combined sales target of RM5 billion for the financial year ending Oct 31, 2021 (FY21). For financial results, EcoWorld said its net profit fell 18.41% to RM66.45 million for the fourth quarter ended Oct 31, 2020. Revenue declined 30% to RM635.47 million. The group attributed the lower profit for FY20 mainly to closures of sales galleries during the Movement Control Order (MCO) period, the temporary cessation of site activities from mid-March to mid-June, and the cumulative impact of inventories written down in 3QFY20 and 4QFY20. EcoWorld declared a maiden interim dividend of two sen per share.
The Star –
Eco World Development Group Bhd has been added to the constituents of the FTSE4Good Bursa Malaysia (F4GBM) Index. In a statement, Bursa said the F4GBM Index measured the performance of public-listed companies demonstrating strong environmental, social and governance practices and was launched in December 2014 with a total of 24 constituents.
The Star –
UEM Sunrise Bhd and Eco World Development Bhd have received a letter from UEM Group Bhd proposing for a merger into an enlarged group. The proposed merger is envisaged to be carried out via an exchange of shares and warrants held by EcoWorld Malaysia’s shareholders and warrant holders into new shares and new warrants of UEM Sunrise respectively. In a separate filing, UEM Sunrise said the board will deliberate on the proposal and decide on the next course of action. Accordingly, a further announcement will be made in due course.
BURSA MALAYSIA –
For the quarter ended 31 July 2020, the Group reported a revenue of RM447.8 million and PBT of RM24.4 million as compared to the Group revenue of RM345.4 million and PBT of RM30.4 million for the preceding quarter. The higher revenue was due to the successful execution of catch-up plans at the Group’s various construction sites after work resumed in mid-June 2020, and higher new sales since then.
BURSA MALAYSIA –
2Q 2020 revenue and gross profits were lower by 36% and 26% than 1Q 2020 due to the closure of construction sites during the MCO.
BURSA MALAYSIA –
The higher PBT recorded in the preceding quarter RM 120,583,000 compare to 31 January which was RM 6,401,000 was mainly due to the higher share of results of joint venture projects in the United Kingdom due to higher number of handovers of units sold to customers as well as higher revenue and profit recognition of EcoWorld London’s build-to-rent (“BtR”) sales.
REMUNERATION STUDY –
In Financial Year End 2019, the directors’ remuneration was 21.27 million. It was high compared to average in listed companies, considering the employees’ remuneration of 216.1 million and auditor’s remuneration of 549 thousands
INVESTING MALAYSIA –
ECOWLD (16 DEC 19) Eco World Development Group Bhd (EcoWorld) subsidiary Melia Spring Sdn Bhd has entered into a developmental agreement with Permodalan Darul Ta’zim Sdn Bhd (PDT) and a sale and purchase agreement (SPA) with River Retreat Sdn Bhd (RRSB) on Dec 15.
Investing Malaysia –
Average investing volume for Eco World Development Group Bhd in the past three months in stock market was 8727k lots
Investing Malaysia –
ECOWLD gets a score of 29.34 in our equity and assets quality test based on current share price of RM0.675
Investing Malaysia –
Eco World Development Group Bhd gets a score of 12.04 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 8206 in Bursa Malaysia did not propose any dividend for the past few years
Investing Malaysia –
ECOWLD is estimated to have a profit consensus of 171.17 millions, with an adjusted market capitalization of 1999.98 millions
REMUNERATION STUDY –
In Financial Year End 2018, the directors’ remuneration was 21.8 million. It was high compared to average in listed companies, considering the employees’ remuneration of 191.1 million and auditor’s remuneration of 470 thousands