Eco World's Q1 pre-tax profit jumped to RM31.16mil from RM5.63mil.
KUALA LUMPUR: MIDF Research is “positive on the news” that Eco World Development Bhd and the Employees Provident Fund (EPF) and maintains its “buy” call on Eco World with a target price of RM1.68.
“We are positive on the news as EPF subscription into Eco Horizon Sdn Bhd (EHSB) will reduce Eco World’s capital commitment on the project. Hence, Eco World FY17 net gearing should remain manageable,” MIDF said.
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