KUALA LUMPUR: AmInvestment Bank research has maintained its hold recommendation on Eco World Development Bhd with a lower fair value of 70 sen as its 9MFY19 net profit came in below its and market expectations.
It said in a note that it reduced FY19, FY20 and FY21 earnings forecasts by 6%, 2% and 9% respectively to reflect the timing of revenue recognition.
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