Key Indices
Top Stories
Company Results | Eco World Development (ECW MK/BUY/RM1.94/Target: RM2.70)
- 3QFY26 results were in line. We expect ECW to post sequentially higher 4QFY26 earnings due to the recognition of relatively high-margin DC land sales. ECW is poised to surpass our full-year sales target of RM4.8b with the land sale to TERA DC, while the strong ytd sales momentum allows it to pace its launches. Maintain BUY. Our target price of RM2.70 implies an FY26F-27F PE of 13x-16x. At the current price, it offers a decent yield of more than 5%.
Market Spotlight
- The FBMKLCI lost 4.12pt (-0.25%) to close at 1,672.31 yesterday.
- US stocks were mixed after the close on Thursday, as gains in the telecoms, healthcare and oil & gas sectors led shares higher while losses in the utilities, basic materials and industrials sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Ajiya Berhad | AJY MK
- Trading Buy Range: RM1.00-1.02
QES Group | QES MK
- Trading Buy Range: RM0.58-0.59
PW Corporation | PW MK
- Trading Buy Range: RM0.73-0.75
Top Stories
Company Results | Eco World Development (ECW MK/BUY/RM1.94/Target: RM2.70)
- 3QFY26 results were in line. We expect ECW to post sequentially higher 4QFY26 earnings due to the recognition of relatively high-margin DC land sales. ECW is poised to surpass our full-year sales target of RM4.8b with the land sale to TERA DC, while the strong ytd sales momentum allows it to pace its launches. Maintain BUY. Our target price of RM2.70 implies an FY26F-27F PE of 13x-16x. At the current price, it offers a decent yield of more than 5%.
Market Spotlight
- The FBMKLCI lost 4.12pt (-0.25%) to close at 1,672.31 yesterday.
- US stocks were mixed after the close on Thursday, as gains in the telecoms, healthcare and oil & gas sectors led shares higher while losses in the utilities, basic materials and industrials sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Ajiya Berhad | AJY MK
- Trading Buy Range: RM1.00-1.02
QES Group | QES MK
- Trading Buy Range: RM0.58-0.59
PW Corporation | PW MK
- Trading Buy Range: RM0.73-0.75
Key Indices
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This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at this link, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.
