Analysis of Eco World Development Group Berhad (KLSE: ECOWLD):

Current Stock Performance

  • Stock Price: As of September 17, 2024, the stock price is MYR 1.76
  • Market Cap: The market capitalization is approximately MYR 5.19 billion
  • PE Ratio: The price-to-earnings (PE) ratio stands at 25.08

Financial Overview

  • Revenue: The company reported a revenue of MYR 2.41 billion
  • Net Income: The net income is MYR 209.31 million
  • EPS (Earnings Per Share): The earnings per share (EPS) is MYR 0.07

Recent Performance

  • 1-Year Performance: The stock has increased by 51.46% over the past year
  • Market Cap Growth: The market cap has grown by 67.87% from MYR 3.09 billion in December 2023 to MYR 5.19 billion in September 2024

Technical Indicators

  • Stochastic RSI: The Stochastic RSI indicates that the stock is currently in an oversold region, suggesting potential for upward movement

Dividend Information

  • Dividend Yield: The dividend yield is 3.85%, with a dividend of MYR 0.06
  • Ex-Dividend Date: The last ex-dividend date was July 4, 2024

Outlook

The significant growth in market cap and positive financial indicators suggest a strong performance outlook for ECOWLD. However, it’s essential to consider market conditions and other external factors that might impact future performance.

CANSLIM Analysis for ECOWLD (8206)

  1. Current Earnings:
    • ECOWLD’s latest quarterly earnings show a profit increase of 21% year-over-year. This indicates strong current earnings growth.
  2. Annual Earnings:
    • Over the past five years, ECOWLD has shown consistent earnings growth, with a compound annual growth rate (CAGR) of 2.7%
  3. New Products, Services, or Management:
    • ECOWLD has been involved in new development projects, such as the proposed acquisition of freehold land in Johor Bahru. This could drive future growth.
  4. Supply and Demand:
    • The stock has a relatively high trading volume, indicating strong demand. The average volume over the past three months is 8,681,300
  5. Leader or Laggard:
    • ECOWLD is a significant player in the property development sector in Malaysia, making it a leader in its industry
  6. Institutional Sponsorship:
    • The stock has substantial institutional support, with notable shareholders and consistent insider buying
  7. Market Direction:
    • The overall market direction should be considered. As of now, ECOWLD’s stock price has been relatively stable, with a 52-week range of 0.97 to 1.80 MYR

Summary

ECOWLD shows strong current and annual earnings growth, new development projects, high trading volume, and significant institutional support. It is a leader in its industry, making it a potentially attractive investment according to the CANSLIM criteria.Bottom of Form

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