Declared Dividend • Jun 20
Second quarter dividend of RM0.02 announced Dividend of RM0.02 is the same as last year. Ex-date: 2nd July 2026 Payment date: 16th July 2026 Dividend yield will be 3.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 26% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 20
Second quarter 2026 earnings released: EPS: RM0.04 (vs RM0.044 in 2Q 2025) Second quarter 2026 results: EPS: RM0.04 (down from RM0.044 in 2Q 2025). Revenue: RM797.4m (down 9.2% from 2Q 2025). Net income: RM129.1m (flat on 2Q 2025). Profit margin: 16% (up from 15% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 39% per year and the company’s share price has also increased by 39% per year. Buy Or Sell Opportunity • May 29
Now 26% overvalued Over the last 90 days, the stock has fallen 4.9% to RM2.14. The fair value is estimated to be RM1.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 3.1% in 2 years. Earnings are forecast to grow by 9.1% in the next 2 years. Announcement • Mar 15
Eco World Development Group Berhad Announces First Interim Dividend for the Financial Year Ending 31 October 2026, Payable on 13 April 2026 Eco World Development Group Berhad announced first Interim Dividend of 2 sen per ordinary share for the financial year ending 31 October 2026. Ex-Date is 27 March 2026. Entitlement date is 30 March 2026. Payment Date is 13 April 2026. Declared Dividend • Mar 14
First quarter dividend of RM0.02 announced Shareholders will receive a dividend of RM0.02. Ex-date: 27th March 2026 Payment date: 13th April 2026 Dividend yield will be 3.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 32% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 02
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: RM0.15 (up from RM0.10 in FY 2024). Revenue: RM2.93b (up 30% from FY 2024). Net income: RM438.1m (up 44% from FY 2024). Profit margin: 15% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 26
Eco World Development Group Berhad, Annual General Meeting, Mar 31, 2026 Eco World Development Group Berhad, Annual General Meeting, Mar 31, 2026, at 15:00 Singapore Standard Time. Location: zepp kuala lumpur, b2-01-02, level b2, the labs, bukit bintang city centre, no. 2, jalan hang tuah, 55100 kuala lumpur, Malaysia Declared Dividend • Dec 12
Fourth quarter dividend of RM0.02 announced Shareholders will receive a dividend of RM0.02. Ex-date: 24th December 2025 Payment date: 12th January 2026 Dividend yield will be 3.3%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 32% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 11
Full year 2025 earnings released: EPS: RM0.15 (vs RM0.10 in FY 2024) Full year 2025 results: EPS: RM0.15 (up from RM0.10 in FY 2024). Revenue: RM2.93b (up 30% from FY 2024). Net income: RM445.3m (up 47% from FY 2024). Profit margin: 15% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Oct 05
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 10 October 2025. Payment date: 28 October 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Malaysian dividend payers (5.4%). Lower than average of industry peers (3.3%). Reported Earnings • Sep 23
Third quarter 2025 earnings released: EPS: RM0.034 (vs RM0.027 in 3Q 2024) Third quarter 2025 results: EPS: RM0.034 (up from RM0.027 in 3Q 2024). Revenue: RM761.9m (up 45% from 3Q 2024). Net income: RM101.2m (up 26% from 3Q 2024). Profit margin: 13% (down from 15% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Sep 20
Second quarter dividend of RM0.02 announced Shareholders will receive a dividend of RM0.02. Ex-date: 10th October 2025 Payment date: 28th October 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 25% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 18
Eco World Development Group Berhad Declares Dividend for the Third Quarter of 2025 Eco World Development Group Berhad announced that the Board of Directors has declared a 3rd interim dividend of 2 sen per share in third quarter of 2025, bringing total YTD dividends declared to 5 sen for FY2025. Declared Dividend • Jun 28
Second quarter dividend of RM0.02 announced Shareholders will receive a dividend of RM0.02. Ex-date: 11th July 2025 Payment date: 25th July 2025 Dividend yield will be 3.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 25% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 27
Second quarter 2025 earnings released: EPS: RM0.044 (vs RM0.024 in 2Q 2024) Second quarter 2025 results: EPS: RM0.044 (up from RM0.024 in 2Q 2024). Revenue: RM878.2m (up 58% from 2Q 2024). Net income: RM129.8m (up 85% from 2Q 2024). Profit margin: 15% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Share price has been volatile over the past 3 months (7.5% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to RM1.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Real Estate industry in Malaysia. Total returns to shareholders of 95% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.29 per share. Upcoming Dividend • Apr 01
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 07 April 2025. Payment date: 22 April 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Malaysian dividend payers (5.5%). Lower than average of industry peers (3.7%). Buy Or Sell Opportunity • Mar 14
Now 22% overvalued Over the last 90 days, the stock has fallen 6.8% to RM1.91. The fair value is estimated to be RM1.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Mar 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.10 (up from RM0.064 in FY 2023). Revenue: RM2.26b (up 1.4% from FY 2023). Net income: RM303.5m (up 60% from FY 2023). Profit margin: 13% (up from 8.5% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 1.6%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 25
Eco World Development Group Berhad, Annual General Meeting, Mar 27, 2025 Eco World Development Group Berhad, Annual General Meeting, Mar 27, 2025, at 15:00 Singapore Standard Time. Location: zepp kuala lumpur, b2-01-02, level b2, the labs, bukit bintang city centre, no. 2, jalan hang tuah, 55100 kuala lumpur, Malaysia Announcement • Feb 19
Eco World Development Group Berhad (KLSE:ECOWLD) acquired remaining 40% stake in Paragon Pinnacle Sdn Bhd from Tanjung Wibawa Sdn Bhd for approximately MYR 180 million. Eco World Development Group Berhad (KLSE:ECOWLD) acquired remaining 40% stake in Paragon Pinnacle Sdn Bhd from Tanjung Wibawa Sdn Bhd for approximately MYR 180 million on February 18, 2025. A cash consideration of MYR 184.08 million will be paid by Eco World Development Group Berhad. The consideration was funded by the Eco World Development Group Berhad’s internal funds. Upon completion, Paragon Pinnacle Sdn Bhd will become a wholly owned subsidiary of Eco World Development Group Berhad.
Eco World Development Group Berhad (KLSE:ECOWLD) completed the acquisition of the remaining 40% stake in Paragon Pinnacle Sdn Bhd from Tanjung Wibawa Sdn Bhd for approximately on February 18, 2025. Buy Or Sell Opportunity • Feb 01
Now 26% overvalued Over the last 90 days, the stock has fallen 2.8% to RM1.75. The fair value is estimated to be RM1.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to RM1.81, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Real Estate industry in Malaysia. Total returns to shareholders of 136% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.43 per share. Price Target Changed • Jan 03
Price target increased by 7.3% to RM2.08 Up from RM1.94, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of RM2.15. Stock is up 69% over the past year. The company is forecast to post earnings per share of RM0.13 for next year compared to RM0.10 last year. Major Estimate Revision • Dec 19
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from RM0.114 to RM0.132. Revenue forecast steady at RM2.73b. Net income forecast to grow 29% next year vs 9.9% growth forecast for Real Estate industry in Malaysia. Consensus price target up from RM1.94 to RM2.06. Share price was steady at RM2.03 over the past week. Declared Dividend • Dec 14
Dividend of RM0.02 announced Dividend of RM0.02 is the same as last year. Ex-date: 27th December 2024 Payment date: 14th January 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 13
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.10 (up from RM0.064 in FY 2023). Revenue: RM2.26b (up 1.4% from FY 2023). Net income: RM303.5m (up 60% from FY 2023). Profit margin: 13% (up from 8.5% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 1.6%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Sep 21
Dividend of RM0.02 announced Dividend of RM0.02 is the same as last year. Ex-date: 3rd October 2024 Payment date: 23rd October 2024 Dividend yield will be 3.3%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 20
Third quarter 2024 earnings released: EPS: RM0.027 (vs RM0.023 in 3Q 2023) Third quarter 2024 results: EPS: RM0.027 (up from RM0.023 in 3Q 2023). Revenue: RM526.2m (up 10% from 3Q 2023). Net income: RM80.4m (up 21% from 3Q 2023). Profit margin: 15% (up from 14% in 3Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to RM1.48, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Real Estate industry in Malaysia. Total returns to shareholders of 167% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.65 per share. Board Change • Jul 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Nor Binti Abdul Rahim was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jun 22
Dividend of RM0.02 announced Dividend of RM0.02 is the same as last year. Ex-date: 4th July 2024 Payment date: 19th July 2024 Dividend yield will be 3.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 21
Second quarter 2024 earnings released: EPS: RM0.024 (vs RM0.021 in 2Q 2023) Second quarter 2024 results: EPS: RM0.024 (up from RM0.021 in 2Q 2023). Revenue: RM555.8m (up 32% from 2Q 2023). Net income: RM70.0m (up 12% from 2Q 2023). Profit margin: 13% (down from 15% in 2Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. New Risk • Mar 23
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 40% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (40% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Price Target Changed • Mar 22
Price target increased by 13% to RM1.58 Up from RM1.39, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of RM1.55. Stock is up 118% over the past year. The company is forecast to post earnings per share of RM0.092 for next year compared to RM0.064 last year. Reported Earnings • Feb 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: RM0.064 (up from RM0.053 in FY 2022). Revenue: RM2.23b (up 9.0% from FY 2022). Net income: RM189.3m (up 20% from FY 2022). Profit margin: 8.5% (up from 7.7% in FY 2022). Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Announcement • Feb 23
Eco World Development Group Berhad, Annual General Meeting, Mar 25, 2024 Eco World Development Group Berhad, Annual General Meeting, Mar 25, 2024, at 15:00 Singapore Standard Time. Location: Persiaran Mokhtar Dahari, Eco Grandeur,42300 Bandar Puncak Alam Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 October 2023 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors' Remuneration for the financial year ended 31 October 2023 and up to the date of the next Annual General Meeting of the Company;to re-elect Tan Sri Dato' Sri Liew Kee Sin who is retiring by rotation in accordance with Article 126 of the Constitution of the Company;to re-elect Mr. Ng Soon Lai @ Ng Siek Chuan who is retiring in accordance with Article 123 of the Constitution of the Company;to re-appoint Messrs. Baker Tilly Monteiro Heng PLT as Auditors of the Company until the conclusion of the next Annual General Meeting of the Company and to authorise the Directors to fix their remuneration; and to consider other business matters. Price Target Changed • Jan 21
Price target increased by 8.6% to RM1.29 Up from RM1.19, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of RM1.24. Stock is up 89% over the past year. The company is forecast to post earnings per share of RM0.095 for next year compared to RM0.064 last year. Upcoming Dividend • Dec 26
Upcoming dividend of RM0.02 per share at 3.8% yield Eligible shareholders must have bought the stock before 02 January 2024. Payment date: 19 January 2024. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Malaysian dividend payers (5.0%). In line with average of industry peers (4.2%). Reported Earnings • Dec 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: RM0.064 (up from RM0.053 in FY 2022). Revenue: RM2.23b (up 9.0% from FY 2022). Net income: RM189.3m (up 20% from FY 2022). Profit margin: 8.5% (up from 7.7% in FY 2022). Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 29
Upcoming dividend of RM0.02 per share at 3.7% yield Eligible shareholders must have bought the stock before 06 October 2023. Payment date: 19 October 2023. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Malaysian dividend payers (5.1%). In line with average of industry peers (4.0%). Price Target Changed • Sep 27
Price target increased by 9.7% to RM1.16 Up from RM1.06, the current price target is an average from 8 analysts. New target price is 8.4% above last closing price of RM1.07. Stock is up 75% over the past year. The company is forecast to post earnings per share of RM0.087 for next year compared to RM0.053 last year. Announcement • Sep 22
Eco World Development Group Berhad Announces Second Interim Single-Tier Dividend for the Fiscal Year Ended 31 October 2023, Payable on 19 October 2023 Eco World Development Group Berhad announced second interim single-tier dividend for the fiscal year ended 31 October 2023 of 2 sen per ordinary share. Ex-date is 06 October 2023. Payment date is 19 October 2023. Reported Earnings • Sep 22
Third quarter 2023 earnings released: EPS: RM0.023 (vs RM0.016 in 3Q 2022) Third quarter 2023 results: EPS: RM0.023 (up from RM0.016 in 3Q 2022). Revenue: RM476.9m (up 7.4% from 3Q 2022). Net income: RM66.3m (up 43% from 3Q 2022). Profit margin: 14% (up from 10% in 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.07, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Real Estate industry in Malaysia. Total returns to shareholders of 209% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.47 per share. Price Target Changed • Aug 01
Price target increased by 8.4% to RM1.00 Up from RM0.92, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of RM0.95. Stock is up 43% over the past year. The company is forecast to post earnings per share of RM0.085 for next year compared to RM0.053 last year. Upcoming Dividend • Jun 30
Upcoming dividend of RM0.02 per share at 4.9% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 20 July 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Malaysian dividend payers (5.4%). Higher than average of industry peers (4.4%). New Risk • Jun 23
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Jun 23
Second quarter 2023 earnings released: EPS: RM0.021 (vs RM0.016 in 2Q 2022) Second quarter 2023 results: EPS: RM0.021 (up from RM0.016 in 2Q 2022). Revenue: RM420.8m (down 17% from 2Q 2022). Net income: RM62.7m (up 37% from 2Q 2022). Profit margin: 15% (up from 9.0% in 2Q 2022). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Reported Earnings • Mar 05
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: RM0.053 (down from RM0.062 in FY 2021). Revenue: RM2.04b (flat on FY 2021). Net income: RM157.2m (down 14% from FY 2021). Profit margin: 7.7% (down from 8.9% in FY 2021). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 27
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 03 January 2023. Payment date: 19 January 2023. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 7.5%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (4.3%). Reported Earnings • Dec 17
Full year 2022 earnings released: EPS: RM0.053 (vs RM0.062 in FY 2021) Full year 2022 results: EPS: RM0.053 (down from RM0.062 in FY 2021). Revenue: RM2.04b (flat on FY 2021). Net income: RM157.2m (down 14% from FY 2021). Profit margin: 7.7% (down from 8.9% in FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Announcement • Dec 17
Eco World Development Group Berhad Declares Third Interim Dividend Eco World Development Group Berhad has declared a 3rd interim dividend of 2 sen per share in fourth quarter 2022. This brings total dividends declared for fiscal year 2022 to 5 sen per share. Upcoming Dividend • Sep 27
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 04 October 2022. Payment date: 20 October 2022. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (3.9%). Announcement • Sep 16
Eco World Development Group Berhad Announces Second Interim Single-Tier Dividend for the Fiscal Year Ended 31 October 2022, Payable on 20 October 2022 Eco World Development Group Berhad announced second interim single-tier dividend for the fiscal year ended 31 October 2022 of 1 sen per ordinary share. Ex-date is 4 October 2022. Payment date is 20 October 2022. Reported Earnings • Sep 16
Third quarter 2022 earnings released: EPS: RM0.016 (vs RM0.012 in 3Q 2021) Third quarter 2022 results: EPS: RM0.016 (up from RM0.012 in 3Q 2021). Revenue: RM444.0m (down 1.1% from 3Q 2021). Net income: RM46.4m (up 32% from 3Q 2021). Profit margin: 10% (up from 7.8% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Upcoming Dividend • Jun 29
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 06 July 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of Malaysian dividend payers (4.9%). Higher than average of industry peers (3.7%). Price Target Changed • Jun 17
Price target decreased to RM0.88 Down from RM0.95, the current price target is an average from 8 analysts. New target price is 28% above last closing price of RM0.69. Stock is up 2.2% over the past year. The company is forecast to post earnings per share of RM0.08 for next year compared to RM0.062 last year. Reported Earnings • Jun 17
Second quarter 2022 earnings released: EPS: RM0.016 (vs RM0.014 in 2Q 2021) Second quarter 2022 results: EPS: RM0.016 (up from RM0.014 in 2Q 2021). Revenue: RM506.9m (up 21% from 2Q 2021). Net income: RM45.7m (up 7.9% from 2Q 2021). Profit margin: 9.0% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.6%, compared to a 19% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.