Broker Name: Maybank Investment Bank Berhad
Date of Report: March 13, 2026
Excerpt from Maybank Investment Bank Berhad report.
Report Summary:
- Eco World Development (ECW) started FY26 strongly, with 1QFY26 profit and sales in line with expectations. Core net profit surged 96% YoY, mainly from industrial land sales, and sales reached MYR2.1b in 4MFY26, on track to meet the FY26 target.
- ECW’s revenue mix is shifting towards industrial properties, with new data center projects and retail assets planned. Unbilled sales are robust at MYR5.1b, and net gearing remains healthy at 0.17x, though it may rise due to data center construction.
Above is an excerpt from a report by Maybank Investment Bank Berhad. Clients of Maybank Investment Bank Berhad can be the first to access the full report from the Maybank Investment Bank Berhad website: https://www.maybank.com/investment-banking
