$ECOWLD / 8206 (ECO WORLD DEVELOPMENT GROUP BERHAD)
Research by Kenanga
Underperform - TP RM1.41

"Capitalising on Microsoft’s Presence"

ECOWLD hopes to take its industrial products to a higher level by rebranding some of them Quantum, starting with products in Eco Business Park VI in Kulai, Iskandar Malaysia, backed by anchor buyer Microsoft. We believe ECOWLD is capitalising on the presence of Microsoft. We maintain our forecasts, TP of RM1.41 and UNDERPERFORM call.

Analyst:
Clement Chua
clement.chua@kenanga.com.my