TA Securities: EWI share price fair at RM1.34

PETALING JAYA: TA Securities considers property developer Eco World International Bhd’s (EWI) share price as “fair value” at RM1.34 apiece on the company’s favourable prospects driven by a strong management team and established branding.

EWI has launched its prospectus en route to a listing early next month. The retail offering has been priced at RM1.20 per share with the institutional price to be determined via a book-building exercise.