Eco World International Berhad

Titan Trading Notes For Tuesday [20/5/2025]:

KLCI retraced slightly back towards the 1556 points region as Moody downgraded the US credit rating. Overall trading sentiment was definitely bearish as we saw over 880 counters closing red along with it for the day. Daily trading volume settled around the 3.7 billion mark, mainly dominated by sellers.

Only $EWINT / 5283 (ECO WORLD INTERNATIONAL BERHAD) was able to perform well on the top volumes list today despite the weak market sentiment. EWINT despite retracing slightly back towards the RM 0.345 regions, was able to rebound and close back green towards the RM 0.365 regions.

So far looking very bullish here and as long as able to hold above its RM 0.35+ immediate support levels, could continue on towards and beyond its RM 0.37+ regions for an uptrend continuation pattern in the coming week.

Will be monitoring EWINT closely for potential trading opportunities here as something big seems to be brewing.

$EG / 8907 (EG INDUSTRIES BERHAD) although retraced back towards the RM 1.07+ major support levels today, was able to rebound back towards the RM 1.11 regions with good volume here, absorbing most of the selling pressure likely from foreign funds.

If able to maintain above its RM 1.10+ immediate support, likely to continue rebounding back towards and beyond its RM 1.15+ major resistance levels soon in the coming few days as the sentiment recovers.

Will be monitoring EG closely

Although Moody's downgraded US credit rating from the highest to the 2nd highest, the market seems to have digested most of these bad news already. Plus these were likely attributed to the huge trade deficit that the US is facing and currently addressing now.

Will continue to be cautiously optimistic moving forward. To me, I believe we've already seen the dip.

$EWINT / 5283 (ECO WORLD INTERNATIONAL BERHAD)
Research by CGSI

$EWINT / 5283 (ECO WORLD INTERNATIONAL BERHAD)
Research Report by MAYBANK

$EWINT / 5283 (ECO WORLD INTERNATIONAL BERHAD)
Research by MAYBANK

$EWINT / 5283 (ECO WORLD INTERNATIONAL BERHAD)
Research by CGSI

$EWINT / 5283 (ECO WORLD INTERNATIONAL BERHAD)
Research by PBIV

$EWINT / 5283 (ECO WORLD INTERNATIONAL BERHAD)

$EWINT / 5283 (ECO WORLD INTERNATIONAL BERHAD)
Research by Maybank
HOLD – TP RM 0.27

"Losses deepen”

3QFY24 core net loss of MYR16.3m (vs. MYR25.6m core net loss in 3QFY23, MYR4.9m core net loss in 2QFY24) was higher than expected while 10MFY24 property sales and reserved sales of MYR549m fell short. We raise our FY24/25/26E loss projection by 7%-145%. Our TP is trimmed to MYR0.27 (-1sen) on unchanged 0.6x FY25E P/B. ECWI will be in losses until it launches new projects. HOLD for upcoming sizeable distribution.

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

$EWINT / 5283 (ECO WORLD INTERNATIONAL BERHAD)

KUALA LUMPUR: Eco World International Bhd (EWI) is geared to sell its completed stocks and generate up to RM500 million in surplus cash, which will be distributed to shareholders in tranches over 2024 and 2025.

© New Straits Times Press (M) Bhd

EWINT - Notice of Book Closure

PETALING JAYA: Eco World International Bhd (EWI) achieved RM433mil sales exchanges plus reserves of RM85mil, adding up to a total of RM518mil in the seven months period of its financial year ending Oct 31, 2024 (FY24).

Quarterly rpt on consolidated results for the financial period ended 30/04/2024

First Interim Dividend

OTHERSECO WORLD INTERNATIONAL BERHAD ("ECOWORLD INTERNATIONAL" OR "THE COMPANY")

REDUCTION OF THE ISSUED SHARE CAPITAL OF THE COMPANY OF RM500 MILLION PURSUANT TO SECTION 117 OF THE COMPANIES ACT, 2016 ("CAPITAL REDUCTION")

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - SYABAS TROPIKAL SDN BHD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - SINARMAS HARTA SDN BHD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATO' LEONG KOK WAH

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - ECO WORLD DEVELOPMENT GROUP BERHAD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - ECO WORLD CAPITAL (INTERNATIONAL) SDN BHD

Notice of Person Ceasing (Section 139 of CA 2016) - KWEK LENG BENG

Notice of Person Ceasing (Section 139 of CA 2016) - KWEK HOLDINGS PTE LTD

Notice of Person Ceasing (Section 139 of CA 2016) - HONG REALTY (PRIVATE) LIMITED

Notice of Person Ceasing (Section 139 of CA 2016) - DAVOS INVESTMENT HOLDINGS PRIVATE LIMITED

Notice of Person Ceasing (Section 139 of CA 2016) - HONG LEONG INVESTMENT HOLDINGS PTE. LTD.

Notice of Person Ceasing (Section 139 of CA 2016) - KWEK LENG KEE

$EWINT / 5283 (ECO WORLD INTERNATIONAL BERHAD)
Research by Maybank
Buy – TP of MYR 0.29

“Bye ex, welcome new partner”

We attended Paramount’s (PAR MK; Not Rated; CP: MYR1.16) briefing yesterday. Key takeaways are: i) PAR views its new 21.5% stake in ECWI as a strategic investment and its involvement will be at the strategic planning level instead of daily operations, ii) PAR will seek Board seats in ECWI, and iii) PAR may increase its stake in ECWI if there is fundraising for future projects later. We are positive on this latest development. We maintain our earnings forecasts, MYR0.29 TP (0.6x FY24E PBV) and HOLD on ECWI.

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

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - PARAMOUNT EQUITIES SDN BHD

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - FLEXSIS SDN BHD

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - PARAMOUNT CORPORATION BERHAD