Eco World’s earnings forecast raised


CGS-CIMB felt that the FY20 sales target was achievable, given the good sales momentum and effective digital marketing initiatives.

PETALING JAYA: Eco World Development Group Bhd has had stronger-than-expected progress billings, better gross margins and faster construction progress in the third quarter. And analysts have raised the group’s earnings forecast.

UOB Kay Hian revised its financial year 2020 (FY20) earnings forecast by 44.2%, while Maybank IB Research raised its forecast by 24%.

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