ECOFIRS Stock Forum

EcoFirst Consolidated Bhd is currently trading at RM0.365, consolidating within a range of RM0.360 (support) and RM0.400 (resistance). The stock exhibits a neutral trend with reduced momentum, as reflected in declining volumes.
While the stochastic oscillator suggests weakening momentum, support at RM0.360 has held firm. Resistance at RM0.400 continues to cap upward movement, requiring strong volume for a breakout.
A notable development is th...

1. Impressive Financial Performance in FY2024
EcoFirst posted revenue of RM162.68 million, a 5.17x increase compared to the previous year, and a profit after tax of RM11.87 million, an 11% increase. This performance was largely driven by the success of its property development activities, particularly the KL48 project.
2. KL48 @ Sungai Besi - A Key Revenue Driver
KL48, located in the heart of Kuala Lumpur, is EcoFirst's fla...

Figure 1.0: Company logo of EcoFirst Consolidated
For those unfamiliar, EcoFirst Consolidated Berhad (KLSE: ECOFIRS) has been a staple on Bursa Malaysia's Main Board since 1984. The company is engaged in property development, investment holding, and management. Let's delve deeper into its various business segments and recent developments that make it a stock worth watching.
Property Development
EcoFirst's property development segment includes...

Good morning mooers! Here are things you need to know about today's market:
●Nvidia Drives Nasdaq to Record High as Other Major Indices Take a Breather
●Food Operators Coping with Pricier Raw Materials by Maintaining Sales Volume
●Rising Costs of Operations and Coffee Beans Lead to Price Hike in Malaysia's Coffee Shops
●Stocks to watch: Yinson, DXN
-moomoo News MY
Wall Street Summary
Nvidia continued to drive the Nasd...

Good morning mooers! Here are things you need to know about today's market:
●US Stocks Slightly Lower as Investors Await Powell Testimony and Jobs Data
●Fewer Positive Earnings Surprises on Malaysia's Stock Exchange in Q4 2023
●One-Third of FBM KLCI Companies Miss Market Predictions as Malaysia's 2024 Earnings Growth Lags Behind Neighboring Countries
●Stocks to watch: TNB, Deleum
-moomoo ...

Good morning mooers! Here are things you need to know about today's market:
●US stock rally stalls, Apple's market cap returns to $3 trillion
●Maybank IB cautiously optimistic about Malaysia's economy, equities next year
●Palm oil reserves seen rising to four-year high
●Manufacturing sector on gradual recovery path, say economists
●IATA: Asia-Pacific airlines' air cargo volumes up by 7.6% in October
●Stocks to watch: KLK, Sunway
-moomoo News MY
Wa...