External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Eco World Development (ECW) reported a 2QFY23 net profit of RM62.7m (+37.3% YoY, +10.0% QoQ) which came in within our and consensus expectations.</li><li>For 1HFY23, Group net profit of RM119.7m (+9.8% YoY) constituted c.47% and c.50% of our and consensus full year estimates.</li><li>Sales momentum remains encouraging with about RM2.4bn secured in 7 months of FY23, and already at 68.5% of its sales target of RM3.5bn for the financial year. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Eco World Development (ECW) reported a 2QFY23 net profit of RM62.7m (+37.3% YoY, +10.0% QoQ) which came in within our and consensus expectations.For 1HFY23, Group net profit of RM119.7m (+9.8% YoY) constituted c.47% and c.50% of our and consensus full year estimates.Sales momentum remains encouraging with about RM2.4bn secured in 7 months of FY23, and already at 68.5% of its sales target of RM3.5bn for the financial year. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Eco World Development Berhad - Secures RM2.4bn Sales In 7 Months