Equity Analysis /

MY : Eco World International - Attractive incentives to boost new sales

    Siew Teng Ngo
    Siew Teng Ngo

    Research Analyst

    25 March 2022
    Published byCGS-CIMB

    1QFY10/22 results came in below expectations on lower-than-expected margins and changes in project launches. We believe its FY22F new sales target is achievable without the BTR deal, as EWI is accelerating sales of its completed units through attractive incentives.