ECO WORLD DEVELOPMENT GROUP BERHAD

KLSE (MYR): ECOWLD (8206)

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Last Price

1.79

Today's Change

+0.05 (2.87%)

Day's Change

1.75 - 1.80

Trading Volume

4,483,900


24 people like this.

18,600 comment(s). Last comment by calvintaneng 3 days ago

Erie

497 posts

Posted by Erie > 2017-01-26 13:39 | Report Abuse

Up up uptrend

Posted by allanchong1988 > 2017-01-27 12:05 | Report Abuse

Wow.... 1.49 now

Erie

497 posts

Posted by Erie > 2017-01-27 12:23 | Report Abuse

lets hit 1.50

Max Yong

276 posts

Posted by Max Yong > 2017-01-27 14:09 | Report Abuse

Retracement soon.

Posted by prudentinvestor > 2017-01-27 14:39 | Report Abuse

Haha, my forecast has been vindicated.in just 10 weeks. Any person who had bought EcoWorld when I called for a buy has now made 8% net.

Posted by Yee Lim Teh > 2017-01-27 17:32 | Report Abuse

Definite will break 1.51!

vxpoison

1,906 posts

Posted by vxpoison > 2017-01-31 11:04 | Report Abuse

Retracing..... Support 1.40.... Next tp 1.60

Posted by Hock Kim > 2017-01-31 23:32 | Report Abuse

Eco World International IPO is coming... will it effect EcoWorld share price? newbie here...

vxpoison

1,906 posts

Posted by vxpoison > 2017-02-02 11:11 | Report Abuse

EW chart is on the uptrend reversal pattern now. Guess with the EWI confirmed, will shoot up further trying TP 1.630 then 1.750

Vin Chuah

843 posts

Posted by Vin Chuah > 2017-02-02 16:07 | Report Abuse

alamak

Posted by FlyingEagle > 2017-02-03 21:47 | Report Abuse

volume double, EGM is coming so just keep waiting......

gankc2011

103 posts

Posted by gankc2011 > 2017-02-05 14:13 | Report Abuse

With its impressive branding and marketing, ECOWORLD sure did well in a soft property market.
Its share price have more potential upside due to its ever increasing net profit, EPS and decreasing gearing.Starting FY2017, a proportion of EWI will be included into EW balance sheet. Its chairmain Tan Sri Liew already vowed to make them a better and bigger company than Sp Setia. Furthermore, in a recovering economy and property market, among the sectors that will recover the fastest is property stock.

chong916

16 posts

Posted by chong916 > 2017-02-05 15:20 | Report Abuse

ecowld jiayu

pineapple

226 posts

Posted by pineapple > 2017-02-05 17:08 | Report Abuse

Happy happy ecoworld

yongch

1,104 posts

Posted by yongch > 2017-02-05 17:20 | Report Abuse

Big boss said tp2.0!!!!!kikikiki...huat ah!!!

keyin

2,150 posts

Posted by keyin > 2017-02-06 17:31 | Report Abuse

Red also huat?

HowAh

963 posts

Posted by HowAh > 2017-02-06 17:38 | Report Abuse

This one not elephant. It's a mammoth

pauling

10 posts

Posted by pauling > 2017-02-07 10:13 | Report Abuse

when EWI will listed ?

Old90

686 posts

Posted by Old90 > 2017-02-07 11:58 | Report Abuse

Seem like ECW looking for another higher breakout..

limiklimik

177 posts

Posted by limiklimik > 2017-02-07 12:57 | Report Abuse

"Eco World projects RM4.5bil sales in 2017"
Old news but worth reposting. Is the rally a sign that Eco World making good on its promise? http://www.thestar.com.my/business/business-news/2016/04/14/eco-world-projects-rm45bil-sales-in-2017/

Old90

686 posts

Posted by Old90 > 2017-02-07 15:15 | Report Abuse

Eco World International is aiming to list on Bursa Malaysia in March 2017 and raise more than $478.47 million. GuocoLand Limited will buy a 27% stake in Eco World International Berhad during its IPO.

keyin

2,150 posts

Posted by keyin > 2017-02-08 12:37 | Report Abuse

One day show?

Posted by prudentinvestor > 2017-02-08 19:36 | Report Abuse

Rally not ended yet. Consolidation now.

husky88

698 posts

Posted by husky88 > 2017-02-09 12:56 | Report Abuse

Prudentinvestor, you think can climb to what price.

ampabella

1,378 posts

Posted by ampabella > 2017-02-09 16:52 | Report Abuse

So how is this ecoworld benefit from ECI IPO, how many lots are
they going to allocate to the existing
Shareholders, 5 new share dapat 1 free warrant

keyin

2,150 posts

Posted by keyin > 2017-02-12 10:51 | Report Abuse

Long time no touch 4 above lol.

moneycashrich

2,101 posts

Posted by moneycashrich > 2017-02-12 20:45 | Report Abuse

I like this stock. Everyday getting richer.

keyin

2,150 posts

Posted by keyin > 2017-02-16 10:45 | Report Abuse

Consolidated till when?????????

Posted by prudentinvestor > 2017-02-16 11:41 | Report Abuse

Big boys are testing your patience.

keyin

2,150 posts

Posted by keyin > 2017-02-16 14:37 | Report Abuse

I also testing big boy patience lol

Dave Jet

991 posts

Posted by Dave Jet > 2017-02-16 15:01 | Report Abuse

Waiting quarter report out, sure earn!

husky88

698 posts

Posted by husky88 > 2017-02-16 19:32 | Report Abuse

Wait epf disposed all share, eco sure fly

chong916

16 posts

Posted by chong916 > 2017-02-16 19:44 | Report Abuse

share price will fly after the meeting

keyin

2,150 posts

Posted by keyin > 2017-02-17 09:27 | Report Abuse

20 feb meeting, today can fly?

darrenliew

1,024 posts

Posted by darrenliew > 2017-02-17 14:40 | Report Abuse

AIMING FOR TARGET PRICE 1.88 SET BY SOMR BANK
N BROKERAGES. STRONG GROQTH COMPANY. STRONG
INTERNATIONAL BRAND. CATALYSTS FOR PRICE TO
GO UP INCLUDE GOOD GROFITS TO BE ANNOUNCED
FOR NEXT Q PLUS THE LISTING OF ITS ECOWLD INTERNATIONAL
FOR WHICH TOP BANKER QUEK OF HONG LEONG BANK
WILL SUBSCRIBE 27%

darrenliew

1,024 posts

Posted by darrenliew > 2017-02-17 14:42 | Report Abuse

SORRY FOR SPELLING ERRORS. WRITING VIA MY MOBILE
N I DONT HAVE MY SPECS WITH ME

keyin

2,150 posts

Posted by keyin > 2017-02-17 16:13 | Report Abuse

Why drop

Dave Jet

991 posts

Posted by Dave Jet > 2017-02-17 16:23 | Report Abuse

Impossible up everyday...:))

pujut

151 posts

Posted by pujut > 2017-02-18 10:14 | Report Abuse

In the edge today-"Broker's report sparks speculation of Sime Darby Property-EcoWorld merger"...

Posted by prudentinvestor > 2017-02-18 11:37 | Report Abuse

Good, another spike in EcoWorld's share price next week.

keyin

2,150 posts

Posted by keyin > 2017-02-18 13:03 | Report Abuse

Yeah!

xcelcap

25 posts

Posted by xcelcap > 2017-02-20 09:42 | Report Abuse

my target for ECOWLD would be at 2.90. lets see my projection is correct.

Kevin Bc

62 posts

Posted by Kevin Bc > 2017-02-20 09:51 | Report Abuse

Datuk Leong Kok Wah
Flagship: Eco World Development Group Bhd/Salcon Bhd
Net worth: RM1.392bil

The rise of Eco World Development Group Bhd has steered the affable Leong, who is better known as Eddy Leong in corporate circles, as among the top-40 richest businessmen in the country.

The year 2016 saw Leong indirectly increasing his stake in property development company Eco World. A private company where he is a shareholder - Sinarmas Harta Sdn Bhd - paid RM149mil to take up a private placement exercise in the developer.

The faith in Eco World has paid off well for its investors, Leong included.

Eco World’s brand has landed the developer prominent developments such as the Bukit Bintang City Centre project. It has also gained traction with strong partners such as the Employees Provident Fund (EPF).

The two are developing a mixed project on 890ha in Kuala Selangor that has an RM15bil gross development value.

Eco World and the EPF are also undertaking maiden township developments in Penang.

Besides property development, Leong also holds about a 10.5% stake in water-treatment company, Salcon Bhd,

It has won new water-treatment contracts in Terengganu and Johor totalling RM232.2mil.

The contracts are to build a 120 million-litres-per-day water-treatment plant in Kuala Terengganu and upgrade the Sungai Lebam water-treatment plant and distribution system in Johor.

These contracts will beef up Salcon’s order book by about 40%.

Going forward, Leong is expected to further bask in the corporate limelight as Eco World International, an associate of Eco World, goes for an initial public offering in the first quarter of this year.

Read more at http://www.thestar.com.my/business/business-news/2017/02/04/top-40-richest-in-malaysia-31-35/#3lYd9PWMzXUID2eC.99

Kevin Bc

62 posts

Posted by Kevin Bc > 2017-02-20 10:38 | Report Abuse

Eco World: EGMs to be held on Feb 20 instead. Eco World Development Group (EW) has revised the date of its two EGMs, called to decide on the proposed subscription of up to 27% in Eco World International (EWI) and the proposed acquisitions of two pieces of land in Penang, to Feb 20. In the original notices to Bursa Malaysia on Jan 31, EW had fixed Feb 14 for the EGMs to seek approvals for its unit Eco Horizon SB’s proposed purchase of 374.6 acres in South Seberang Prai for RM875.2m and its unit Eco World Capital (International) Ltd’s proposed subscription of up to RM777.6m worth of EWI shares in conjunction with EWI’s IPO. (StarBiz

Kevin Bc

62 posts

Posted by Kevin Bc > 2017-02-20 10:47 | Report Abuse

Eco World sets RM4 billion sales target for FY17

 January 24, 2017, Tuesday

KUCHING: Eco World Development Group Bhd (Eco World) has set an ambitious target of RM4 billion of property sales in financial year 2017 (FY17) ending October 2017.

Following a company briefing, AllianceDBS Research Sdn Bhd (AllianceDBS Research) believed the property developer is able to meet its sales target in FY17 given the overwhelming response for the group’s launches in FY15-FY16.

The research firm in a report yesterday said the group’s property sales in FY17 will be supported by 15 on-going projects and two new projects to be launched in FY17 namely Eco Forest at Semenyih, Selangor and Eco Horizon at Batu Kawan, Penang.

AllianceDBS Research opined that Eco World continued to bank on the group’s internal marketing and sales team to generate more sales riding on the group’s strong brand name and track record in property development.

Besides that, the research firm believed the company’s innovative township products will remain well-received in the market as the property developer’s townships continued to gain traction with more deliveries completed.

It gathered that there would be more than 4,700 units to be completed in FY17 which could help generate more interest from potential buyers

Besides, the research firm also opined that the company’s focus on township projects with gated-and-guarded strata-titled homes will offer healthy and sustainable long-term demand as the township project matures.

It added the property developer’s eco-friendly amenities and impressive landscaping features commonly found in the group’s townships will continue to attract overwhelming response for the properties.

In the meantime, AllianceDBS Research observed that Eco World has achieved RM3.8 billion of gross property sales in FY16, including sales from joint ventures or associate interest.

The research firm noted the amount was derived from the group’s Malaysian operation alone where 15 out of the 18 projects have been launched.

As compared with Eco World’s sales of RM3 billion in FY15, AllianceDBS Research said the property developer’s sales in FY16 grew by 26 per cent which was an impressive results given the weak sentiment for the property market.

As at end of October 2016, Eco World had RM4.9 billion in unbilled sales which will support the group’s earnings for the next three years.

Once the company’s projects go into full swing over the next few years, the townships can turn into self-sustaining developments which will generate even stronger interest among property buyers.

Old90

686 posts

Posted by Old90 > 2017-02-20 11:30 | Report Abuse

Ecoworld gonna breakout higher!!

Old90

686 posts

Posted by Old90 > 2017-02-20 11:41 | Report Abuse

Very potential to move further upside~

Erie

497 posts

Posted by Erie > 2017-02-20 11:49 | Report Abuse

nice..up up up

pineapple

226 posts

Posted by pineapple > 2017-02-20 11:51 | Report Abuse

History repeating~?

Kevin Bc

62 posts

Posted by Kevin Bc > 2017-02-20 12:12 | Report Abuse

ECOWORLD ... will fly high...

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