Solid earnings prospects for EcoWorld Malaysia

PETALING JAYA: Eco World Development Group Bhd’s (EcoWorld Malaysia) earnings prospects are expected to remain solid, underpinned by its sales momentum and growing exposure to the improving Iskandar Malaysia property market in Johor.

UOB Kay Hian (UOBKH) Research said the property developer may surpass its own sales target of RM3.5bil for its current financial year ending Oct 31, 2024 (FY24).