Stronger FY20 earnings seen for Eco World International
Financial year 2019 (FY19) core net profit stood at RM189 million versus a net loss of RM4 million in FY18
Upcoming Budget 2020 expected to boost construction job growth
Post-Budget 2020, we generally expect sector job award growth to come off a low base, driven mainly by the ECRL.
Battersea project contributions seen for S P Setia from FY21
S P Setia secured about RM1.9 billion new property sales (excluding land sales of RM87 million) in 1HFY19 versus RM2.1 billion in 1HFY18, with the majority of new sales coming from the central region (about 60%) of Malaysia.
EWI seen to turn profitable in FY18
The group aims to complete the acquisitions of Kew Bridge and Aberfeldy Village sites within FY18.
