EcoWorld Could Leverage Well With SD Guthrie
EcoWorld Could Leverage Well With SD Guthrie
Maybank IB said it is positive on EcoWorld's latest MOU with SD Guthrie (SDG MK, BUY, CP MYR4.92, TP MYR5.41) and NS Corporation (state government representative) to develop a 1,166-acre industrial park in Negeri Sembilan.
馬來亞銀行表示，對EcoWorld與SD Guthrie（SDG Mk，買入，CP Myr4.92，TP MYR5.41）和NS公司（州政府代表）在森美蘭州開發一個佔地1166英畝的工業園區的最新諒解備忘錄持樂觀態度。
The collaboration it added is a win-win, with ECW leveraging SDG's sizeble landbank and SDG benefiting from ECW's strong track record and branding. The house said it maintains earnings forecasts and MYR2.25 TP (1.3x FY25E P/B) pending further details. Reiterate BUY.
它補充說，這種合作是雙贏的，ECW利用了可持續發展目標龐大的土地儲備，而可持續發展目標則受益於ECW的良好記錄和品牌。衆議院表示，維持收益預期和2.25令吉（FY25E 市盈率的1.3倍），等待進一步的細節。重申 「買入」。
Developing 1,166 acres land in Negeri Sembilan
ECW, SDG and NS Corporation have announced plans to jointly develop a 1,166-acre industrial park in Bukit Pelandok, Negeri Sembilan. The park, located within the Malaysian Vision Valley 2.0 (MVV2.0) and near Kuala Lumpur International Airport (KLIA), will feature industrial lots, readybuilt factories and commercial properties, targeting high-growth sectors including the aerospace, electrical and electronics, logistics and biotechnology industries. Total GDV is estimated at MYR2.9b, with
development spanning over eight years.
在森美蘭州開發 1,166 英畝的土地
ECW、SDG和NS公司已宣佈計劃在森美蘭州的武吉佩蘭多克共同開發一個佔地1,166英畝的工業園。該園區位於馬來西亞願景谷2.0（MVV2.0）內，靠近吉隆坡國際機場（KLIA），將以工業用地、現成工廠和商業地產爲特色，面向包括航空航天、電氣和電子、物流和生物技術行業在內的高增長領域。總國內生產總值估計爲29令吉，
發展歷時八年以上。
A win-win deal
The house views the latest MOU positively as this strategic partnership it said leverages the unique strengths of both ECW and SDG, driving mutual growth and long-term value creation. As one of the largest landowners in Malaysia, SDG brings valuable 'hardware' in the form of extensive landbank, while ECW, as a leading property developer in the country with a strong brand presence and proven track record, plays a crucial role in unlocking the full potential of this landbank. Beyond development, ECW's strong branding is expected to enhance the value of the property, making it more marketable and appealing to potential business owners and investors, we believe.
雙贏的交易
該公司積極看待最新的諒解備忘錄，因爲它表示這種戰略伙伴關係利用了ECW和SDG的獨特優勢，推動了共同增長和長期價值創造。作爲馬來西亞最大的土地所有者之一，可持續發展目標以大量土地儲備的形式帶來了寶貴的 「硬件」，而ECW作爲該國領先的房地產開發商，擁有強大的品牌影響力和良好的往績記錄，在釋放這座土地儲備的全部潛力方面發揮着至關重要的作用。我們認爲，除開發外，ECW的強大品牌有望提高該物業的價值，使其更具市場價值，並對潛在的企業主和投資者具有吸引力。
A good start for future collaboration
Maybank maintains its earnings forecasts pending further details such as JV structure. In our view, the partnership will not only help to replenish ECW's depleting landbank and expand its presence in the industrial property segment in new state – Negeri Sembilan but more importantly, it may pave the way for future collaboration opportunities with SDG.
未來合作的良好開端
Maybank維持其收益預測，等待合資結構等更多細節。我們認爲，該夥伴關係不僅有助於補充ECW枯竭的土地儲備，擴大其在新州——森美蘭州——工業產權領域的影響力，更重要的是，它可能爲未來與可持續發展目標的合作機會鋪平道路。
譯文內容由第三人軟體翻譯。
