$ECOWLD / 8206 (ECO WORLD DEVELOPMENT GROUP BERHAD)
Research by Maybank
Buy – TP RM1.96

“Introducing a new business pillar"

The industrial revenue pillar, QUANTUM, will drive ECW’s market share in the industrial market segment further with a new branding and marketing strategy catering for data center, AI, cloud computing, high-tech manufacturing and R&D. ECW’s 404-acre industrial park in Kulai will be renamed as Quantum Edge, with Microsoft as its first anchor client. We maintain our earnings forecasts and MYR1.96 TP. Reiterate BUY.

Analyst:
Wong Wei Sum, CFA
weisum@maybank-ib.com