Eco World Development Group Berhad, is an investment holding company, engages property

development activities in Malaysia. Its property portfolio comprises townships, integrated commercial
developments, high-rise apartments, and green business parks. The company has a land bank of
approximately 8,126.4 acres. The principal activities of the subsidiaries are property developments,
investment holding and dormant.

It is also involved in the trading of building materials; manufacturing and trading of prefabricated
and precast components; property management; and promotion, marketing, and other activities related
to property management, as well as provision of project management, building and construction
services. In addition, the company offers digital solution; and issues notes under the medium-term

note programme. The company was established in March 8, 1974 and formerly known as Focal Aims
Holdings Berhad and changed its name to Eco World Development Group Berhad in December 2013.
Eco World Development Group Berhad headquartered in Shah Alam, Malaysia.
 Board of Directors

Founder & Non-Independent Non-

Executive Director

Tan Sri Abdul Rashid bin Abdul Manaf

Executive Chairman

Tan Sri Dato’ Sri Liew kee Sin

Non-Independent Non-Executive
Deputy Chairman

Dato’ Leong Kok Wah

Executive Director, President & Chief

Executive Officer

Dato’ Chang Khim Wah

Executive Director & Chief Financial

Officer

Datuk Heah Kok Boon

Executive Director

Liew Tian Xiong

Senior Independent Non-Executive

Director

Tang Kin Kheong

Independent Non-Executive Directors

Dato’ Idrose Bin Mohamed

Dato’ Haji Obet Bin Tawil

Dato’ Noor Farida Binti Mohd Ariffin

Low Mei Ling

Lim Hiah Eng (Mrs Lucy Chong)

 Share Price Analysis
Date Close Date Close
1/1/2021 0.475 4/6/2021 0.685
8/1/2021 0.46 11/6/2021 0.675
15/1/2021 0.525 18/6/2021 0.66
22/1/2021 0.505 25/6/2021 0.68
29/1/2021 0.505 2/7/2021 0.675
5/2/2021 0.485 9/7/2021 0.685
12/2/2021 0.505 16/7/2021 0.685
19/2/2021 0.495 23/7/2021 0.695
26/2/2021 0.555 30/7/2021 0.68
5/3/2021 0.65 6/8/2021 0.655
12/3/2021 0.61 13/8/2021 0.65
19/3/2021 0.62 20/8/2021 0.71
26/3/2021 0.655 27/8/2021 0.715
2/4/2021 0.74 3/9/2021 0.75
9/4/2021 0.66 10/9/2021 0.805
16/4/2021 0.645 17/9/2021 0.84
23/4/2021 0.62 24/9/2021 0.79
30/4/2021 0.63 1/10/2021 0.84
7/5/2021 0.64 8/10/2021 0.92
14/5/2021 0.64 15/10/202 1
1
21/5/2021 0.615 22/10/202 1.1
1
28/5/2021 0.625 29/10/202 1.02
1

 Based on the table, RM 1.1 was recorded as the highest weekly share price which on 22 nd October
2021, while the lowest price was RM 0.46 which on 8 th January 2021. All the amounted has been
taken based on ECO WORLD during the period of 1 st January until 29th October. On the other
 hand, the trendline of this company’s stock price shows the uptrend line until March and turns to
be downtrend and flat until the end of 29th October.

Sime Darby Property Berhad is a Malaysia-based property developer and is based in Petaling
Jaya, Malaysia. The company was founded by William Sime and Henry Darby in 1973. Sime darby
property berhad was listed in Bursa Malaysia in 2017 and has business presence in Malaysia,
Australia, Vietnam, Singapore, and the United Kingdom. This company’s main activities include
property development, investment and asset management, as well as leisure activities. It builds
residential, commercial, and industrial properties, leases them, and manages them, as well as
providing golf, hotel, and other recreational facilities and services. In addition, the company develops
projects, operates convention centres and service residences, leases hotel buildings, clubhouse
buildings, and golf courses, and provides property investment and management, construction, and
golfing and sporting services.
 Board of Directors

Non-Independent Non-Executive
Chairman

Rizal Rickman Ramli

Group Managing Director

Dato’ Azmir Merican

Senior Independent Non-Executive

Director

Dato’ Jaganath Derek Steven

Non-Independent Non-Executive
Director

YAM Tengku Datuk Seri Ahmad Shah

Independent Non-Executive Directors

Datin Norazah Mohamed Razali

Dato’ Soam Heng Choon

Encik Mohamed Ridza

Dato’ Hamidah Naziadin

Dr. Lisa Lim Poh Lin

 Share Price Analysis
Date Close Date Close
1/1/2021 0.645 4/6/2021 0.625
8/1/2021 0.655 11/6/2021 0.62
15/1/2021 0.64 18/6/2021 0.615
22/1/2021 0.595 25/6/2021 0.605
29/1/2021 0.585 2/7/2021 0.6
5/2/2021 0.605 9/7/2021 0.595
12/2/2021 0.58 16/7/2021 0.605
19/2/2021 0.575 23/7/2021 0.6
26/2/2021 0.595 30/7/2021 0.595
5/3/2021 0.67 6/8/2021 0.595
12/3/2021 0.675 13/8/2021 0.605
19/3/2021 0.645 20/8/2021 0.63
26/3/2021 0.655 27/8/2021 0.635
2/4/2021 0.69 3/9/2021 0.65
9/4/2021 0.675 10/9/2021 0.655
16/4/2021 0.66 17/9/2021 0.66
23/4/2021 0.67 24/9/2021 0.655
30/4/2021 0.645 1/10/2021 0.66
7/5/2021 0.65 8/10/2021 0.7
14/5/2021 0.63 15/10/2021 0.74
21/5/2021 0.615 22/10/2021 0.745
28/5/2021 0.62 29/10/2021 0.725

 Based on the table of Sime Darby Property Berhad during the period of 1 st January until 29th
October, RM 0.745 was recorded as the highest weekly share price which on 22 nd October 2021,
while the lowest price was RM 0.575 which on 19 th February 2021. On the other hand, the
 trendline of this company’s stock price shows to be flat until 12 th August and tends to be uptrend
line from 13th August until 15th October and turns to be downtrend until 29th October

Calculation

Beta calculation (slope method)

 Beta calculation is used to help the investors in evaluating the stock performance whether a stock
moves in the same direction as the rest of the market.

1) ECO WORLD

Date Adj Close Adj Close Expected return Expected return

(MARKET) (ECO WORLD) (MARKET) (ECO WORLD)
1/1/2021 7.826517 0.443333
8/1/2021 8.258656 0.429333 0.053744279 -0.032088339
15/1/2021 8.393099 0.49 0.016147958 0.13217255
22/1/2021 8.815635 0.471333 0.049117029 -0.038840541
29/1/2021 9.007697 0.490571 0.021552585 0.040005168
5/2/2021 8.873253 0.471143 -0.015037963 -0.040408362
12/2/2021 8.902062 0.490571 0.003241464 0.040408362
19/2/2021 8.777223 0.480857 -0.014122865 -0.02000009
26/2/2021 8.834256 0.539143 0.006476821 0.114410913
5/3/2021 8.727702 0.631429 -0.012134787 0.158004663
12/3/2021 8.950496 0.592571 0.025206845 -0.063514808
19/3/2021 8.572716 0.602286 -0.043124348 0.016261718
26/3/2021 8.621148 0.636286 0.005633653 0.054915732
2/4/2021 8.524282 0.718857 -0.011299458 0.122014303
9/4/2021 8.330548 0.641143 -0.022989556 -0.11440993
16/4/2021 8.233682 0.626571 -0.011695938 -0.022990425
23/4/2021 8.233682 0.602286 0 -0.03952968
30/4/2021 8.185247 0.612 -0.005899915 0.015999867
7/5/2021 7.943081 0.621714 -0.030032152 0.015747897
14/5/2021 7.904334 0.621714 -0.004890019 0
21/5/2021 7.923708 0.597429 0.002448061 -0.039844732
28/5/2021 7.962454 0.607143 0.004877966 0.0161289
4/6/2021 7.8559 0.665429 -0.013472402 0.091667597
11/6/2021 7.797781 0.655714 -0.007425636 -0.014707227
18/6/2021 7.759034 0.641143 -0.004981364 -0.022472197
25/6/2021 7.652481 0.660571 -0.013827933 0.029852092
2/7/2021 7.439373 0.655714 -0.028243338 -0.007379894
9/7/2021 7.400627 0.685 -0.005221845 0.04369412
16/7/2021 7.371567 0.685 -0.003934424 0
23/7/2021 7.47812 0.695 0.014351121 0.014493007
30/7/2021 7.352193 0.68 -0.016982787 -0.021819047
6/8/2021 7.371567 0.655 0.002631666 -0.037457563
13/8/2021 7.110026 0.65 -0.036124402 -0.007662873
20/8/2021 7.52 0.71 0.056060237 0.088292607
27/8/2021 7.64 0.715 0.015831465 0.007017573
 3/9/2021 7.54 0.75 -0.013175421 0.047790664
10/9/2021 7.52 0.805 -0.002656044 0.070769071
17/9/2021 7.37 0.84 -0.020148432 0.042559614
24/9/2021 7.38 0.79 0.001355932 -0.061368946
1/10/2021 7.34 0.84 -0.005434796 0.061368946
8/10/2021 7.83 0.92 0.064623667 0.090971778
15/10/2021 7.6 1 -0.029814263 0.083381609
22/10/2021 7.54 1.1 -0.007926065 0.09531018
29/10/2021 7.51 1.02 -0.003986716 -0.075507553

Slope 0.179843567

 Stocks of this company has a beta value less than 1 which indicates that the security is
theoretically less volatile than the market. It also classified as less risky stock where they tend to
move more slowly than the market averages. On the other hand, the expected return of this
company will be received around 1.8% than the overall market.

2) SIME DARBY PROPERTY BERHAD

Adj Close Adj Close Expected return Expected return

Date
(MARKET) (SIMEPROP) Market SIMEPROP
1/1/2021 7.826517 0.636164
8/1/2021 8.258656 0.646027 0.053744279 0.015384907
15/1/2021 8.393099 0.631233 0.016147958 -0.023166249
22/1/2021 8.815635 0.586849 0.049117029 -0.072907503
29/1/2021 9.007697 0.576986 0.021552585 -0.016949544
5/2/2021 8.873253 0.596712 -0.015037963 0.033616582
12/2/2021 8.902062 0.572055 0.003241464 -0.042199444
19/2/2021 8.777223 0.567123 -0.014122865 -0.008658929
26/2/2021 8.834256 0.586849 0.006476821 0.034191335
5/3/2021 8.727702 0.660822 -0.012134787 0.118716968
12/3/2021 8.950496 0.665753 0.025206845 0.007434216
19/3/2021 8.572716 0.636164 -0.043124348 -0.045462339
26/3/2021 8.621148 0.646027 0.005633653 0.015384907
2/4/2021 8.524282 0.680548 -0.011299458 0.052057057
9/4/2021 8.330548 0.665753 -0.022989556 -0.021979625
16/4/2021 8.233682 0.650959 -0.011695938 -0.022472071
23/4/2021 8.233682 0.660822 0 0.015037854
30/4/2021 8.185247 0.636164 -0.005899915 -0.038028123
7/5/2021 7.943081 0.641096 -0.030032152 0.00772282
14/5/2021 7.904334 0.62137 -0.004890019 -0.031252494
21/5/2021 7.923708 0.606575 0.002448061 -0.024098337
28/5/2021 7.962454 0.611507 0.004877966 0.008098021
4/6/2021 7.8559 0.616438 -0.013472402 0.008031348
11/6/2021 7.797781 0.611507 -0.007425636 -0.008031348
18/6/2021 7.759034 0.606575 -0.004981364 -0.008098021
25/6/2021 7.652481 0.596712 -0.013827933 -0.016393796
2/7/2021 7.439373 0.591781 -0.028243338 -0.008297951
 9/7/2021 7.400627 0.586849 -0.005221845 -0.008369087
16/7/2021 7.371567 0.596712 -0.003934424 0.016667038
23/7/2021 7.47812 0.591781 0.014351121 -0.008297951
30/7/2021 7.352193 0.586849 -0.016982787 -0.008369087
6/8/2021 7.371567 0.586849 0.002631666 0
13/8/2021 7.110026 0.596712 -0.036124402 0.016667038
20/8/2021 7.52 0.62137 0.056060237 0.040492133
27/8/2021 7.64 0.626301 0.015831465 0.007904368
3/9/2021 7.54 0.641096 -0.013175421 0.023348125
10/9/2021 7.52 0.646027 -0.002656044 0.007662087
17/9/2021 7.37 0.650959 -0.020148432 0.007605362
24/9/2021 7.38 0.646027 0.001355932 -0.007605362
1/10/2021 7.34 0.650959 -0.005434796 0.007605362
8/10/2021 7.83 0.690411 0.064623667 0.058840412
15/10/2021 7.6 0.729863 -0.029814263 0.055569773
22/10/2021 7.54 0.734794 -0.007926065 0.006733343
29/10/2021 7.51 0.725 -0.003986716 -0.013418533

Slope 0.055792564

 Based on the table, stocks of Sime Darby Property also have a beta value less than one which this
company is less volatile than the whole market. They also will receive the return of 5.6% of what
the market returned in a given period.
Standard deviation and Co Variant Calculation

 Standard deviation is an indicator that measures the size of recent price moves of an asset, to
predict how volatile the price may be in future.

 The covariance in finance is the degree or amount that two stocks or financial instruments move
together or apart from each other.

Date Adj close Weekly Date Adj close Weekly

(ECOWORLD returns (SIMEPROP returns
) )
1/1/2021 0.443333 3% 1/1/2021 0.636164 -2%
8/1/2021 0.429333 -12% 8/1/2021 0.646027 2%
15/1/2021 0.49 4% 15/1/2021 0.631233 8%
22/1/2021 0.471333 -4% 22/1/2021 0.586849 2%
29/1/2021 0.490571 4% 29/1/2021 0.576986 -3%
5/2/2021 0.471143 -4% 5/2/2021 0.596712 4%
12/2/2021 0.490571 2% 12/2/2021 0.572055 1%
19/2/2021 0.480857 -11% 19/2/2021 0.567123 -3%
26/2/2021 0.539143 -15% 26/2/2021 0.586849 -11%
5/3/2021 0.631429 7% 5/3/2021 0.660822 -1%
12/3/2021 0.592571 -2% 12/3/2021 0.665753 5%
19/3/2021 0.602286 -5% 19/3/2021 0.636164 -2%
26/3/2021 0.636286 -11% 26/3/2021 0.646027 -5%
2/4/2021 0.718857 12% 2/4/2021 0.680548 2%
9/4/2021 0.641143 2% 9/4/2021 0.665753 2%
16/4/2021 0.626571 4% 16/4/2021 0.650959 -1%
23/4/2021 0.602286 -2% 23/4/2021 0.660822 4%
30/4/2021 0.612 -2% 30/4/2021 0.636164 -1%
7/5/2021 0.621714 0% 7/5/2021 0.641096 3%
14/5/2021 0.621714 4% 14/5/2021 0.62137 2%
21/5/2021 0.597429 -2% 21/5/2021 0.606575 -1%
28/5/2021 0.607143 -9% 28/5/2021 0.611507 -1%
4/6/2021 0.665429 1% 4/6/2021 0.616438 1%
11/6/2021 0.655714 2% 11/6/2021 0.611507 1%
18/6/2021 0.641143 -3% 18/6/2021 0.606575 2%
25/6/2021 0.660571 1% 25/6/2021 0.596712 1%
2/7/2021 0.655714 -4% 2/7/2021 0.591781 1%
9/7/2021 0.685 0% 9/7/2021 0.586849 -2%
16/7/2021 0.685 -1% 16/7/2021 0.596712 1%
23/7/2021 0.695 2% 23/7/2021 0.591781 1%
30/7/2021 0.68 4% 30/7/2021 0.586849 0%
6/8/2021 0.655 1% 6/8/2021 0.586849 -2%
13/8/2021 0.65 -8% 13/8/2021 0.596712 -4%
20/8/2021 0.71 -1% 20/8/2021 0.62137 -1%
27/8/2021 0.715 -5% 27/8/2021 0.626301 -2%
3/9/2021 0.75 -7% 3/9/2021 0.641096 -1%
10/9/2021 0.805 -4% 10/9/2021 0.646027 -1%
 17/9/2021 0.84 6% 17/9/2021 0.650959 1%
24/9/2021 0.79 -6% 24/9/2021 0.646027 -1%
1/10/2021 0.84 -9% 1/10/2021 0.650959 -6%
8/10/2021 0.92 -8% 8/10/2021 0.690411 -5%
15/10/2021 1 -9% 15/10/202 0.729863 -1%
1
22/10/2021 1.1 8% 22/10/202 0.734794 1%
1
29/10/2021 1.02 29/10/202 0.725
1
Average -2% 0%
Variance 0.003444317 0.000995437
Standard 6% 3%
deviation
Covarianc 0.000934
e

 Standard deviation of these two companies indicates that the investor can expect the returns of
their portfolio to fluctuate by approximately 6% of Eco World and 3% of Sime Darby Property
based on a weekly basis. This also means that the data points stick closely to the set’s mean,
which indicating a low volatility of the stock.

 Covariance of 0.000934@0.0934% shows that the stocks of these two companies share a positive
covariance, which means that the returns of the two stocks move in similar directions. In another
word, for a given situation in the market, both the stocks are likely to move in the same direction.
 Industry risk analysis

i) Policy government impact

Government plays an important role in determining share price performance. This is

because political instability can cause investors to stay away from the market thus
creating selling pressure that will cause stock prices in a country's stock market to fall as
well as it will decrease the beta. It’s also will bring the impact of the government’s
relationship with other party as well as affected local share prices. For example, many
stocks made a staggering plunge following the change of the government of 14 th General
Election. This happens due to other policies and ideologies will be introduced when the
new government changes which will cause the foreign investor unconvincingly to buy the
currency from unstable country also traders who own an unstable currency of a country
may also give up on their holdings for fear that the exchange rate will fall.

ii) Economic impact

Typically, stock market and economic performance are aligned. Thus, when the stock

market is performing well, it is usually a function of a growing economy. When GDP is

growing, individual businesses are producing more and usually expanding. Expanding

business activity usually increases valuations and leads to stock market gains. Foreign
investors will also be interested in starting new businesses in the country, thus increasing
local production, sales and share prices. However, due to a covid-19, share prices
movement tend to falling and decrease the beta. This has caused many companies
affected with this situation and because of the recession economy, it makes the investors
unconvincingly to invest their money but instead they will bring out the money to ‘safe
heaven’ in order to limit their exposure to losses in the event of market downturns.
iii) Social impact

Instability local political also plays a role in stock price instability when many investors
speculate on buying and selling shares of companies that have political ties with certain

parties. When the government is stable, efforts to restore the economy and eradicate the
Covid-19 (coronavirus) pandemic can be done. That will restore buyer confidence and
restore business. As we know, investors are very important to a company in shaping the

success and growth of the company. Therefore, it is important for businesses to

communicate effectively and honestly with investors. To achieve that goal, companies
typically build and rely on an investor relations (IR) department. This is because investor

assist the company in achieving optimal stock prices and building receptive capital
markets for future financing at favourable terms.

iv) Environment impact

Environmental issues are very significant among the construction industry because most
of construction activities affect the environment. Environmental impact from construction
activities is high in developing countries compared to developed countries, the
construction industry is also found to produce high pollution compared to other

industries. In addition, construction activities contribute to land loss, deforestation and

swamp deforestation, the world’s major consumer of energy, non -renewable resources
and minerals. This indirectly will bring a bad image of a property company if they not
pay attention to environmental pollution which can bring an impact to share price as well
beta of a company tends to decreasing. Nevertheless, smart companies will use
instruments that take into account the environment where the environment can be
protected and efficiency can also be improved. Besides, ISO 14001 has introduced a
framework for contractors to manage the environment without neglecting the corporate
goals of the organization as it is a business standard that can achieve cost reduction,
marketing advantages, as well as attract more investors to invest in their company which
it helps to increase the share price and beta of company.
 Conclusion

To sum up, the stock market performance is influenced by the domestic’s economy’s national
income, international relations, balance of payment, monetary issues, political stability, company
specific issues and others. For instance, projected economic growth of the economy, positive
monetary outlook of the central bank, decrease in fiscal deficit, good performance of a company in
terms of profit, sales, among others, will resulting in a bullish stock market. The reasons why I chose
Eco World and Sime Darby Property because of they are low-risk company and inexpensive stocks to
buy for an investor. This can be seen based on the beta calculation, where both of Eco World and
Sime Darby property has beta value less than 1.0 which means they are less risky for investor to
invest. Moreover, the value of standard deviation is also low which indicates that Eco world and Sime
Darby Property has low volatility of the stock where it’s does not fluctuate dramatically, and tends to
be more steady. On the other hand, the covariance value between these two companies shows a
positive value which mean the stock is most likely moves in the same direction and it’s very suitable
for low-risk investor to invest on these two companies.
 References

 https://ecoworld.my/company-profile/
 https://ecoworld.my/board-of-directors/
 https://finance.yahoo.com/quote/8206.KL/history?
period1=1609459200&period2=1635638400&interval=1wk&filter=history&frequency=1wk&inc
ludeAdjustedClose=true
 https://www.tradingview.com/chart/IIbkTiiE/?symbol=MYX%3AECOWLD
 https://en.wikipedia.org/wiki/Sime_Darby_Property
 https://www.simedarbyproperty.com/who-we-are/board-of-directors
 https://finance.yahoo.com/quote/5288.KL/history?
period1=1609459200&period2=1635638400&interval=1wk&filter=history&frequency=1wk&inc
ludeAdjustedClose=true
 https://www.tradingview.com/chart/IIbkTiiE/?symbol=MYX%3ASIMEPROP
 https://www.utusan.com.my/ekonomi/2020/09/politik-prestasi-saham-turut-terjejas/
 https://www.investopedia.com/ask/answers/042215/how-does-performance-stock-market-affect-
individual-businesses.asp
 https://www.adityabirlacapital.com/abc-of-money/factors-affecting-stock-market