Excerpt from CGS International report.

Report Summary

• Eco World Development Group Bhd (EWDG) reported 1QFY10/26 core net profit of RM157m, in line with expectations, underpinned by strong data centre (DC) land sales and robust 4M sales of RM2.1bn, placing the group on track to exceed its RM4bn FY26F sales target.
• The company maintains a positive outlook with ongoing project launches and solid earnings visibility, despite potential construction cost pressures, and offers attractive dividend yields; the target price is unchanged at RM2.62, with an “Add” rating reiterated.

Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website: https://www.cgs-cimb.com