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...

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