KUALA LUMPUR : Maybank IB Research has maintained its ‘buy’ recommendation for Eco World Development Group Bhd with a fair value of RM1.67 per share after factoring in slower take-up assumptions for the group’s properties in Penang.
In a note today, the research house said it is slightly trimming Eco World’s net profit forecasts going forward after revising its take-up assumptions for Eco Terraces and Eco Marina, the group’s two upcoming projects in the northern state.
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