ECO WORLD DEVELOPMENT GROUP BERHAD

KLSE (MYR): ECOWLD (8206)

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Last Price

1.80

Today's Change

-0.03 (1.64%)

Day's Change

1.80 - 1.84

Trading Volume

749,300

Financial

Show?
Last 10 FY Result
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 31/10/14 CAGR
Revenue 2,159,684 2,464,219 2,226,862 2,043,570 2,042,767 1,996,681 2,462,325 2,171,768 2,924,665 2,546,437 1,712,061 148,395 35.08%
PBT 403,133 322,407 270,023 225,761 239,316 169,046 265,975 217,319 282,613 193,182 73,918 12,092 41.18%
Tax -109,641 -98,995 -80,700 -68,552 -56,576 -33,875 -62,553 -51,727 -72,963 -63,901 -30,062 -4,914 36.44%
NP 293,492 223,412 189,323 157,209 182,740 135,171 203,422 165,592 209,650 129,281 43,856 7,178 43.81%
-
NP to SH 293,492 223,412 189,323 157,209 182,740 135,171 203,422 165,592 209,650 129,281 43,952 7,181 43.81%
-
Tax Rate 27.20% 30.70% 29.89% 30.36% 23.64% 20.04% 23.52% 23.80% 25.82% 33.08% 40.67% 40.64% -
Total Cost 1,866,192 2,240,807 2,037,539 1,886,361 1,860,027 1,861,510 2,258,903 2,006,176 2,715,015 2,417,156 1,668,205 141,217 34.50%
-
Net Worth 4,891,023 4,891,023 4,769,878 4,740,434 4,769,876 4,681,545 4,534,327 4,416,552 4,269,334 3,285,594 2,230,896 327,331 34.64%
Dividend
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 31/10/14 CAGR
Div 157,141 176,702 176,662 147,218 117,774 58,887 - - - - - - -
Div Payout % 53.54% 79.09% 93.31% 93.65% 64.45% 43.57% - - - - - - -
Equity
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 31/10/14 CAGR
Net Worth 4,891,023 4,891,023 4,769,878 4,740,434 4,769,876 4,681,545 4,534,327 4,416,552 4,269,334 3,285,594 2,230,896 327,331 34.64%
NOSH 2,948,734 2,948,734 2,944,369 2,944,369 2,944,368 2,944,368 2,944,368 2,944,368 2,944,368 2,380,865 1,664,848 253,745 31.28%
Ratio Analysis
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 31/10/14 CAGR
NP Margin 13.59% 9.07% 8.50% 7.69% 8.95% 6.77% 8.26% 7.62% 7.17% 5.08% 2.56% 4.84% -
ROE 6.00% 4.57% 3.97% 3.32% 3.83% 2.89% 4.49% 3.75% 4.91% 3.93% 1.97% 2.19% -
Per Share
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 31/10/14 CAGR
RPS 73.30 83.63 75.63 69.41 69.38 67.81 83.63 73.76 99.33 106.95 102.84 58.48 2.89%
EPS 9.96 7.58 6.43 5.34 6.21 4.59 6.91 5.62 7.25 5.43 2.64 2.83 9.54%
DPS 5.33 6.00 6.00 5.00 4.00 2.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.66 1.66 1.62 1.61 1.62 1.59 1.54 1.50 1.45 1.38 1.34 1.29 2.56%
Adjusted Per Share Value based on latest NOSH - 2,948,734
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 31/10/14 CAGR
RPS 73.24 83.57 75.52 69.30 69.28 67.71 83.50 73.65 99.18 86.36 58.06 5.03 35.09%
EPS 9.95 7.58 6.42 5.33 6.20 4.58 6.90 5.62 7.11 4.38 1.49 0.24 44.04%
DPS 5.33 5.99 5.99 4.99 3.99 2.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.6587 1.6587 1.6176 1.6076 1.6176 1.5876 1.5377 1.4978 1.4479 1.1142 0.7566 0.111 34.64%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 31/10/14 CAGR
Date 31/07/24 31/07/24 31/10/23 31/10/22 29/10/21 30/10/20 31/10/19 31/10/18 31/10/17 31/10/16 30/10/15 31/10/14 -
Price 1.77 1.77 1.01 0.605 1.02 0.38 0.65 1.00 1.55 1.36 1.37 4.50 -
P/RPS 2.41 2.12 1.34 0.87 1.47 0.56 0.78 1.36 1.56 1.27 1.33 7.69 -17.63%
P/EPS 17.77 23.34 15.71 11.33 16.43 8.28 9.41 17.78 21.77 25.05 51.89 159.01 -22.66%
EY 5.63 4.28 6.37 8.83 6.08 12.08 10.63 5.62 4.59 3.99 1.93 0.63 29.29%
DY 3.01 3.39 5.94 8.26 3.92 5.26 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.07 1.07 0.62 0.38 0.63 0.24 0.42 0.67 1.07 0.99 1.02 3.49 -17.45%
Price Multiplier on Announcement Date
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 31/10/14 CAGR
Date 19/09/24 19/09/24 14/12/23 16/12/22 16/12/21 17/12/20 12/12/19 13/12/18 15/12/17 08/12/16 10/12/15 10/12/14 -
Price 1.74 1.74 0.995 0.66 0.86 0.505 0.765 0.985 1.48 1.38 1.41 3.95 -
P/RPS 2.37 2.08 1.32 0.95 1.24 0.74 0.91 1.34 1.49 1.29 1.37 6.75 -16.57%
P/EPS 17.47 22.95 15.47 12.36 13.86 11.00 11.07 17.51 20.79 25.41 53.41 139.58 -21.67%
EY 5.72 4.36 6.46 8.09 7.22 9.09 9.03 5.71 4.81 3.93 1.87 0.72 27.58%
DY 3.07 3.45 6.03 7.58 4.65 3.96 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.05 1.05 0.61 0.41 0.53 0.32 0.50 0.66 1.02 1.00 1.05 3.06 -16.39%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
24 people like this. Showing 50 of 18,599 comments

pang72

Tmr, fly higher for all property stocks

2024-03-21 19:04

Aati99

memang shok ! Ecoworld terus pecah RM1.50 hari ni

2024-03-22 09:49

pang72

English colony building design attracted many young couple for their 1st home!

2024-03-22 15:15

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

2024-03-24 10:35

pang72

Keep it up

2024-03-25 23:06

Neoh10855

Ewint 5283 Eco international masih murah cheap cheap price 😆

2024-04-02 10:30

stampid54

Beside property counters, their upstream supplier, Eframe is also going up lately, especially its warrant has large trading volume recently

2024-04-12 14:32

ConstructionMinion

1.40

2024-04-15 12:05

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.

2024-04-24 10:43

Plantermen

Bad timing. DJ index drop 600+points. Don't expect any positive catalyst forthcoming.

2024-05-24 11:03

Jonathan Keung

Barchart & MACD showing negative signals. Pull back is expected after recent uptick in prices

2024-05-24 11:28

Yu_and_Mee

wait to see on 3rd June

2024-05-25 17:07

pang72

I almost forget the existence of this property stock..

What am I doing?

2024-05-30 17:13

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:(

2024-05-30 17:16

?? ?

Up 11 sen ,any good news ?

2024-05-30 19:00

pang72

Don't know but mooat up 11c out of sudden will link to Data center

2024-05-30 21:11

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

2024-06-10 08:11

ConstructionMinion

A new data centre counter

2024-06-10 18:28

ConstructionMinion

This land only earn 200 million how to pay 20 Sen dividend ?

2024-06-10 23:12

Iamnotasifu

Ecowld RM2 lets go?

2024-06-11 09:45

plaxo 88

Yeah, lets go. Long over due

2024-06-12 10:35

ConstructionMinion

Eco world is sell land. TM is invest money build AI DC

2024-06-19 02:25

DouglasLiu

What happened? Property stocks are pulling back today ...

2024-06-19 17:19

?? ?

Kerana Ewint q2 rugi banyak ?

2024-06-19 18:36

speakup

Limit down tomorrow

2024-06-19 19:00

cheeseburger

good luck those holding...

2024-06-19 19:08

MoonStalker

news out, sell out. no point take risk.. just sold all my holding last week when NEWS out..

2024-06-19 19:42

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.

2024-06-20 23:50

shareinvestment7

Maybank raise Eco World new target price to RM1.96

2024-06-21 10:12

DouglasLiu

Why limit down 😅

speakup

Limit down tomorrow

1 day ago

2024-06-21 16:17

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

2024-06-23 03:39

DouglasLiu

Property stocks continue to move up

2024-07-01 14:57

DouglasLiu

Ecoworld's share price is catching up with Sp Setia alrdy. Next, it will catch up Mahsing 😁

2024-07-04 17:28

Brutus

Wonder the management is planning any Bonus Issue of 1:1 or 1:2 since price has risen quite a fair bit.

2024-07-10 20:37

CalvinHans

EcoWorld looking good... BusinessParks has more capacity for more Data Centre even after Microsoft's deal.

2024-07-12 14:53

?? ?

surprise?

2024-07-29 12:23

pang72

Few glc link property fly like hot balloons... Spsetia, IJM, Simep, eco...

2024-07-29 12:51

Aati99

Jangka Ecoworld mampu memecah Rm2 bulan depan 🙂

2024-07-31 14:31

DouglasLiu

Kenanga hold pessimistic views on gloves and also Ecoworld ...

https://klse.i3investor.com/web/pricetarget/research/72091

2 months ago

ringlife

Anyone know why price keep on dropping?

2 months ago

?? ?

short selling

2 months ago

Aati99

Jahat betul short sellers ...

2 months ago

sarahsy01

boleh go lg ke ni

2 months ago

Aati99

Tunggu bajet 2025 ..

1 month ago

?? ?

Up 0.14 Q3 report good new ?

1 month ago

Brutus

Excellent QR and yummy dividends! Thank you ECOWORLD Management Team!
3Q in FY2024 EPS 7.47 already surpassed FY2023 EPS 6.43 with 1Q to go!
Bonus Issue 1:1 coming?

1 month ago

CalvinHans

Waiting for Big Announcement!!!

1 month ago

DouglasLiu

What big announcement ? Is it data center related? 🙂

3 weeks ago

Rose001

mention this stock could benefit from 2025 Budget https://youtu.be/oWjAUuXKDeo

2 weeks ago

JJPTR

Ecoworld already at the peak of bullrun. rising from 30c to 1.80 , 600%
Dont let syndicate fools you into thinking BULL RUN going to start SOON. It has already nearing the end stage. You jump into you die. The bull rally this year is very different from 1997, 2007,2020. Index dont move much, but selected counters up 600-1000% already. Watch what counters you step on, it may turn out to be land-mine

2 weeks ago

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