Maybank IB Research sees record year for Eco World


Maybank IB Research said ECW remains confident on its RM3.3bil sales target for FY10/20.

KUALA LUMPUR: Maybank Investment Bank Research expects 2020 to be another record year for Eco World Development (ECW) with strong earnings contribution from its mature projects as well as the 27%-owned Eco World International (ECWI).

It said on Tuesday ECWI’s Yarra One and West Village projects in Australia will be handed over by 2QFY20 and 4QFY20 while Wardian and a big chunk of Embassy Garden (EG)’s A05 and London City Island are expected to be recognised between 1QFY20 and 3QFY20.

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