Major earnings turnaround expected for EWI in FY18F

KUALA LUMPUR: CIMB Investment Bank Research has maintained it positive view on Eco World International Bhd (EWI) and expected it to turn profitable in FY18F on the back of handover of units.

“Given its sizeable total unbilled sales of RM7.3bil as at end-Aug, we expect EWI to report a major earnings turnaround in FY18F (from losses in FY17F) as it recognises revenue only upon the handover of its units.