{
  "id": 9695010,
  "title": "Eco World shares up after Q3 net profit rises to RM112.16mil",
  "url": "https://urgent.news/2026/09/25/eco-world-shares-up-after-q3-net-profit-rises-to-rm112-16mil",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T03:44:40.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1540805/eco-world-shares-after-q3-net-profit-rises-rm11216mil"
  },
  "original_language": "en",
  "account": "Shares of Eco World Development Group Bhd surged in early trading on Friday following a notable increase in net profit for the third quarter ended July 31, 2026 (Q3 2026). The property developer reported a net profit of RM112.16 million on revenue of RM971.53 million for the quarter. As of 10.31 am, Eco World's share price had climbed five sen to RM1.99, with 352,200 shares traded on the market.\n\nThe company's strong performance in Q3 2026 can be attributed to a significant rise in cumulative locked-in sales compared to Q3 2025. Investment bank MBSB Investment Bank Bhd retained its neutral stance on Eco World but reduced its target price to RM1.97 from the previous RM2.09. The bank revised its target price due to a broader net asset value discount of 20 percent, as opposed to the previous 15 percent, reflecting a weaker margin outlook.\n\nEco World's earnings are anticipated to benefit from stable rental income from the Pearl Computing data center, coupled with robust sales of industrial land and properties, according to a note from the bank. Conversely, RHB Investment Bank maintained its buy recommendation for Eco World, setting a target price of RM2.66.",
  "summary": "KUALA LUMPUR: Eco World Development Group Bhd’s shares rose in early trade on Friday after the property developer posted a higher net profit of RM112.16 million on revenue of RM971.53 million for the third quarter ended July 31, 2026 (Q3 2026).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}