Latest news with #EcoWorldDevelopmentGroupBhd
The Star
30-07-2025
- Business
- The Star
NEXT-GEN INDUSTRIAL POWERHOUSE
With top manufacturers, green features and a thriving business hub, Eco Business Park V park is raising the bar on industrial parks IN the heart of Klang Valley's northwest corridor, an industrial revolution is taking shape. Eco Business Park V (EBP V), developed by EcoWorld Development Group Bhd, isn't just another industrial zone – it's a future-forward blueprint for how Malaysia envisions the next chapter of industrialisation. With a gross development value of RM3.5bil, EBP V – which spans 311ha (769ac) – is EcoWorld's largest green business park to date, and a key pillar in its industrial and economic growth ambitions. Located in the burgeoning growth belt of Puncak Alam, EBP V sits adjacent to the 566ha (1,400ac) Eco Grandeur township, offering immediate synergy with residential, commercial, and industrial components already in full swing. This translates to one thing for business owners: a thriving ecosystem that delivers workforce access, liveability and logistical advantage – all in one destination. Industry meets infrastructure Connectivity is one of EBP V's strongest located just 35km from the main seaport via the West Coast Expressway and only 9km from the North–South Expressway (Exit 115 Rawang South), EBP V offers seamless links to Malaysia's key logistics arteries – including Penang, Johor, Seremban and Melaka. Proximity to Port Klang – Malaysia's largest seaport – and connectivity via the Kuala Lumpur–Kuala Selangor Expressway (LATAR), the Guthrie Corridor Expressway (GCE), the Damansara-Shah Alam Elevated Expressway (DASH) and the New Klang Valley Expressway (NKVE) further cements EBP V as a logistics hub of the future. The industrial park will be connected directly to the LATAR interchange, future-proofing its access and scalability. Since its launch in 2017, EBP V has also been drawing a steady influx of industrial players across diverse sectors, from fast-moving consumer goods (FMCG) and e-commerce, to F&B, logistics, electronics, furniture manufacturing, pharmaceuticals and medical supplies. To date, over 400 companies have chosen to plant their roots here, which include names like EB Frozen Food, Baosteel Malaysia, Rurutiki, GoldenHome, and SKB Shutters Manufacturing – each adding new layers to a dynamic, thriving industrial hub. Master-planned project EBP V is made out of five distinct precincts – East Gate, West Gate, Central Gate, North Gate, and South Gate – each designed to serve the evolving needs of modern industry. With a high number of units already handed over and actively operating, the park is a hive of productivity, fuelling significant job creation and business momentum across sectors. Yet, the journey is far from over. With a robust landbank still available, EBP V is primed for future expansion. Businesses have the rare advantage of scalability in a maturing, high-demand location with options of land plots, built-to-suit solutions, or built-to-lease options. East Gate and West Gate, launched in 2017 and 2020, are now fully completed and sold, with high occupancy rates. East Gate caters to small and medium enterprises (SMEs), with service factories, cluster factories, semi-d factories and detached factories, while the West Gate offers industrial land for large enterprises. North Gate and Central Gate, launched between 2020 and 2022 respectively, are nearing full completion, and likewise, have achieved impressive sales rates. With land spanning 0.4ha–3ha (1ac–3ac) it is ideal for small and medium industries. South Gate, launching Q3 2024, offers something special: large-format industrial land from 8ha (20ac) and above, perfect for warehousing, logistics and high-capacity manufacturing operations. EBP V spans five thoughtfully-planned precincts, with ample space to cater to the diverse needs of SMEs, as well as medium and large enterprises. Business-ready What sets EBP V apart is its complete industrial experience. Businesses here benefit from on-site, well-managed worker accommodations (via M Jaya Management), ensuring access to a steady labour pool. Security is paramount, with 24/7 surveillance, gated precincts, and on-site management by Neighbourhood Property Management Services ensuring peace of mind for both tenants and workers. And when it comes to getting started, EcoWorld's One-Stop Business Solution removes the typical headaches associated with industrial setup. From securing utility connections and licensing to applying for tax incentives and financing, a dedicated team – backed by strong local government relationships – makes the onboarding process seamless and swift for both local and international investors. Beyond industrial In Febuary 2025, EcoWorld's subsidiary Paragon Pinnacle Sdn Bhd sealed a RM266.1mil deal with a private company, selling 23.4ha (58ac) of leasehold land for the development of a hyperscale data centre. The facility will support the company's cloud infrastructure and AI ambitions across South-East Asia. EcoWorld's other unit, Quantum Alpha Sdn Bhd, will construct the shell and core of the data centres on 37.4ha (92.44ac) within EBP V. This evolution from traditional industrial to digital infrastructure signals a new era for the park – and for Malaysia's digital economy. Whether you're an SME scaling up, a logistics giant moving goods across borders, or a tech titan building data infrastructure, EBP V offers more than just space. With its powerful combination of infrastructure, connectivity, sustainability, and ecosystem support, it delivers a springboard to the future.
The Star
23-07-2025
- Business
- The Star
EcoWorld Malaysia well positioned for growth
RHB Research noted that recurring income from data centres will bump up EcoWorld Malaysia's earnings for its financial year ending Oct 31, 2028. PETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) has a solid war chest to grow its property investments and for land acquisitions, analysts say. RHB Research said the property developer's disposal of 410 acres of industrial land has provided proceeds of RM1.71bil. In addition to RM5.22bil in unbilled sales and RM600mil in sukuk funding, the cash inflows come in handy to fund working capital to kick-start new projects, finance investments in data centre facilities and acquire new land. The research house said such initiatives would propel EcoWorld Malaysia into a high-growth phase. 'We expect net gearing to hover around the current level of 0.55 times over the next one to two years, as EcoWorld Malaysia is in an expansionary mode.' The research house also noted that recurring income from data centres will bump up EcoWorld Malaysia's earnings for its financial year ending Oct 31, 2028 (FY28). 'FY28 earnings should see a quantum leap on maiden contributions from EcoWorld Malaysia's build-to-lease data centre for Pearl Computing Malaysia. 'We estimate initial contributions from the lease income at around RM100mil-RM110mil a year, representing over 20% of our FY27 earnings estimates. 'Key risks are an unexpected slowdown in economic growth and unfavourable turn in regulations for data centres,' the research house said. EcoWorld Malaysia is also seen as the best proxy to Malaysia's the current property sector upcycle. The developer's land is strategically located in key high-growth areas, such as the Klang Valley and Iskandar Malaysia in Johor, which are benefitting from upcoming infrastructure projects and influx of foreign direct investments in Johor and Selangor. The company has total land holdings of 4,611 acres, of which 3,515 acres, 943 acres and 153 acres are located in the central, southern, and northern regions, respectively. 'The rapid monetisation of 410 acres of industrial land over the past year, on top of usual land utilisation, indicates highly efficient land turnaround time and solid management execution track record.' Going forward, RHB Research said three key projects are set to drive EcoWorld Malaysia's property sales from FY26. It has been a few years since EcoWorld Malaysia kick-started any sizeable greenfield development. In the pipeline are Eco Radiance in Semenyih, Selangor; Eco Botanic 3 in Iskandar Malaysia Johor; and Eco Business Park VII in Negri Sembilan. 'Cash flow should be manageable too, given the rest of its projects are entering their life cycles of eight to 10 years. Hence, cash flow from these mature projects should be consistent,' the research house said. RHB Research initiated coverage on EcoWorld Malaysia with a 'buy' call and a target price of RM3 per share.
The Star
26-06-2025
- Business
- The Star
EcoWorld continues to outperform for FY25
EcoWorld Malaysia said its industrial segment under the Eco Business Parks and Quantum brands continued to perform exceptionally well. PETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) has achieved RM2.99bil in sales in the seven months of its current financial year ending Oct 31, (FY25), representing 85% of its full-year sales target. In a statement, the property developer said projects in Iskandar Malaysia in Johor contributed RM1.67bil or 56% of the group's total sales, followed by 34% from the Klang Valley and 10% from Penang. For its second quarter of financial year ended April 30, (2Q25), EcoWorld Malaysia's net profit surged to RM129.83mil from RM70.05mil in the previous corresponding period, while revenue grew to RM878.20mil from RM555.76mil a year earlier. For the six-month period ended April 30, EcoWorld Malaysia's net profit rose to RM210.18mil from RM139.68mil a year earlier, while revenue grew to RM1.42bil from RM1.09bil a year earlier. EcoWorld Malaysia said its net gearing ratio as of April 30, stood at 0.55 times, underpinned by cash balances, including deposits and short-term funds, of RM1.76bil. The company also declared a second interim dividend of two sen per share in 2Q25, bringing total year-to-date dividends declared to three sen for FY25. EcoWorld Malaysia said its industrial segment under the Eco Business Parks and Quantum brands continued to perform exceptionally well, with combined sales of RM1.20bil secured as of May 31. 'This already exceeds our full year industrial sales of RM1.11bil recorded in FY24, setting a new benchmark in industrial sales for the group.' EcoWorld Malaysia said its robust sales performance has generated a positive spill-over effect on its other key financial metrics. 'Apart from the substantial increase in the group's future revenue to RM5.22bil as of May 31, our cash balances, including deposits and short-term funds, as of April 30, was RM1.76bil, also a record high for the group. 'In addition, we are expecting more than RM1bil in cash inflows from the remaining proceeds of our sales of five large tracts of industrial land secured in FY24 and FY25.' Separately, Eco World International Bhd (EWI), which focuses on developing properties in Britain and Australia, returned to the black after posting a net profit of RM2.28mil for 2Q25, versus a net loss of RM14.13mil in the previous corresponding period. In a filing with Bursa Malaysia, EWI said it recorded a higher share of profits in a joint venture during the quarter as Eco World-Ballymore recorded higher profit as a result of a product mix with a higher profit margin. 'There was no revenue recorded by the group in 2Q25 as all residential units in both projects in Australia – West Village and Yarra One – were fully sold in FY24 with only one commercial unit remaining.' For the six-month period ended April 30, EWI's net loss narrowed to RM1.46mil from a net loss of RM13.95mil a year earlier. The group reported no revenue due to the reason stated above. 'The group is currently assessing the market conditions and feasibility of the remaining sites in Britain and Australia before proceeding with any new launches.'
The Star
26-06-2025
- Business
- The Star
EcoWorld Malaysia registers 7M sales of RM2.99bil
PETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) has achieved RM2.99bil sales in the seven months of its current financial year ending Oct 31, 2025 (FY25), representing 85% of its full year sales target. In a statement, the property developer said projects in Iskandar Malaysia contributed RM1.67bil or 56% of the group's total sales, followed by 34% from the Klang Valley and 10% from Penang. For its second quarter ended April 30, 2025 (2Q25), EcoWorld Malaysia's net profit surged to RM129.83mil from RM70.05mil in the previous corresponding period, while revenue grew to RM878.20mil from RM555.76mil a year earlier. For the six-month period ended April 30, 2025, EcoWorld Malaysia's net profit rose to RM210.18mil from RM139.68mil a year earlier, while revenue grew to RM1.42bil from RM1.09bil a year earlier. EcoWorld Malaysia said net gearing ratio as at 30 April 2025 stands at 0.55 times, underpinned by cash balances (including deposits and short-term funds) of RM1.76bil. The company also declared a second interim dividend of two sen per share in 2Q25, bringing total year-to-date dividends declared to three sen for FY25. EcoWorld Malaysia said its industrial segment under the Eco Business Parks and 'Quantum' pillars continued to perform exceptionally well, with combined sales of RM1.20bil secured as at May 31, 2025. 'This already exceeds our full year industrial sales of RM1.11bil recorded in FY24, setting a new benchmark in industrial sales for the group.' EcoWorld Malaysia said its robust sales performance has generated a positive spill-over effect on its other key financial measures. 'Apart from the substantial increase in the group's future revenue to RM5.22bil as at May 31, 2025, our cash balances (including deposits and short-term funds) as at April 30, 2025 was RM1.76bil, also a record high for the group. 'In addition, we are expecting more than RM1bil cash inflows from the remaining proceeds of our five large-tract industrial land sales secured in FY24 and FY25.' Separately, Eco World International Bhd (EWI), which focuses on developing properties in the United Kingdom and Australia, returned to the black after posting a net profit of RM2.28mil for its second quarter ended April 30, 2025 (2Q25), versus a net loss of RM14.13mil in the previous corresponding period. In a filing with Bursa Malaysia, EWI said it recorded a higher share of profits in a joint venture during the quarter as Eco World-Ballymore recorded higher profit as a result of a product mix with higher profit margin. 'There was no revenue recorded by the group in 2Q25 as all residential units in both projects in Australia, namely West Village and Yarra One were fully sold in the financial year 2024 with only one commercial unit remaining.' For the six-month period ended April 30, 2025, EWI's net loss narrowed to RM1.46mil from a net loss of RM13.95mil a year earlier. The group reported no revenue due to the same reason stated above. 'The group is currently assessing the market conditions and feasibility of the remaining sites in the UK and Australia before proceeding with any new launches.'
New Straits Times
26-06-2025
- Business
- New Straits Times
EcoWorld Q2 earnings jump 85pct to RM123mil on land sale
KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld Malaysia) posted a net profit of RM129.8 million for the second quarter ended April 30, 2025, up 85.3 per cent from RM70 million a year ago, driven by higher revenue from a major land sale. EcoWorld Malaysia's revenue rose 52 per cent to RM878.2 million from RM555.8 million in the same quarter last year. The increase was mainly driven by the full consolidation of Paragon Pinnacle's results and the substantial recognition of revenue from the sale of 123 acres of industrial land to Microsoft Payments (Malaysia) Sdn Bhd. For the quarter, EcoWorld Malaysia declared a second interim dividend of two sen per share, bringing the total dividends declared for the year to date (YTD) to three sen per share. President and chief executive officer Datuk Chang Khim Wah said EcoWorld Malaysia is on course to surpass its RM3.5 billion sales target for the financial year 2025 (FY25). He noted that within the first seven months of FY25, the group has already secured RM2.99 billion in sales, amounting to 85 per cent of its full-year target. "The YTD sales in FY25 is also 37 per cent higher than what we achieved in the same period of financial year 2024. "This has enabled the group to chart an all-time high in our future revenue position which stands at RM5.22 billion as at May 31, 2025," he said. Chang said the company continues to observe steady demand from local manufacturers for its ready-built factories and smaller industrial land plots within its business parks in Iskandar Malaysia and the Klang Valley. He added that in 2Q25, EcoWorld Malaysia finalised a strategic partnership with SD Guthrie Berhad and NS Corporation to jointly develop 483.5 hectares of land in Bukit Pelandok, Negeri Sembilan.
