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  damiantreez once announce Straits Quay is sold, then price will shoot up. smart person will collect now while it is still cheap 02/06/2017 10:33  hoby looks like the selling pressure going to breach support and going down under. sad 08/06/2017 11:27 duckie35 my hard earn money :( how come price keep going down??!!! small fry also doesn't let go... 08/06/2017 11:42 hoby from the trade volume this few days, it seems this has become a stock that nobody wants to hold anymore 08/06/2017 16:33 smartbeng the Strong support at RM1.80 is BROKEN and its heading to south Downtrend 12/06/2017 16:25 Saham Trader i dont care about support for this stock. i foresee this counter will reach highest somewhere next year.lets just see together this stock. those who are trading for sure gonna be flush out by the fund manager like epf and kwap. 13/06/2017 23:06 moneykaching Big shareholder KWAP will see to it that their investment will pay off. Real estate is about location location location. E&O has super prime land in a land scarce island. 15/06/2017 19:07 gforce2 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5463609 E&O selling Lone Pine Hotel for RM85m. 16/06/2017 20:45 damiantreez Disposing Lone Pine Hotel for RM85m Positive on the disposal Disposal gain estimated at RM23.3m Maintain BUY with unchanged TP of RM2.68 Disposing Lone Pine Hotel for RM85m. Eastern & Oriental Berhad (E&O) announced that it has entered into a share sale agreement with Langkawi Saga Shopping Centre Sdn Bhd and Lubritrade Trading Pte Ltd to dispose Lone Pine Hotel for a total consideration of RM85m. Lone Pine Hotel is located at Batu Feringghi, Penang. The hotel recorded occupancy rates of 65% and 69% for FY15 and FY16 respectively. The proposed disposal is expected to be completed by Oct 2017. Positive on the disposal. We view the disposal positively as the disposal could help reduce net gearing of E&O to 0.68x from 0.71x as of March 2017. E&O plans to utilize the proceeds for working capital and repayment of borrowings. Disposal gain estimated at RM23.3m. Loss of earnings contribution from Lone Pine Hotel is expected to be minimal as hospitality division of E&O only contributed 2.8% to total operating profit in FY17. Meanwhile, E&O is expected to realize an estimated disposal gain of RM23.3m from disposal of Lone Pine Hotel. Besides, annual interest saving is estimated at RM4.6m per annum assuming E&O uses the proceeds from disposal entirely to pare down borrowings. We estimate the disposal gain and interest saving would potentially lift FY18 earnings by 24.9%. Nevertheless, we maintain our earnings forecast pending completion of the disposal. Maintain BUY with unchanged TP of RM2.68. Maintain BUY call on E&O with unchanged TP of RM2.68, based on 55% discount to RNAV. We are positive on the long-term prospect for E&O following the entry of KWAP as strategic investor of STP2A which helps to unlock the value of STP2 project. Besides, the entry of KWAP and the assets monetization of E&O would help to keep net gearing of E&O in check. Source: MIDF 19/06/2017 11:36 RVI123 E&O should sells its UK assets to reduce the debt levels. The future of E&O greatly depends on STP2 but not the UK market. 19/06/2017 16:44 moneykaching Value of STP2 will shine brightly once Chinese investors come in. Penang is more suitable for Chinese investors than Johor or KL. Penang island has a high concentration of Chinese population which makes it a natural habitat for Chinese nationals 20/06/2017 19:26 DarkNight Maybe their hotel business not giving good profit. Hotel disposal may benefit E&O by reducing their interest charges. I believe the company did do their Math before disposal... 23/06/2017 17:31 RVI123 E&O still have debts that it has to pay 6% to7% interest. Since the hotel and shopping mall are either generating very little return or making losses, it is a right move to sell them away and pay back the debts, After the sales, there will be interest savings. 04/07/2017 12:43  Lee Yih Yeong there is complaining about the restaurant in penang which the buffet price is increase but there is no salmon for lunch time. very low standard and not worth to paid ,but only got fishy company in penang which got few discount and get their employee to having team building there. 04/07/2017 17:49 Supertonic000 I think the strategy that e&o disposing its hotel and mall is good, the market is much different nowadays, people adopt technology in a faster pace, shopping can be online while there is airbnb for accommodation also. In short, e&o is adjusting itself to the trend. 14/07/2017 08:28 moneykaching STP2 land is progressing very well. Other developers will be hard pressed to get such a large tract of land in a super prime location. 19/07/2017 15:15 moneykaching Yes! I a stay in Penang. E&O's STP2 land development is on track as planned. Sunway has multi billion ringgit projects in Penang in Air Itam, Paya Terubong, Anson Road. Please note that these project locations are non-prime locations. STP2 is super prime land with very high traffic + population with higher earning capacity compared to the rest of other Penang locations. 24/07/2017 14:05 yingchai Lembaga Tabung Haji keep on buying the shares of E & O.May i know what is happening? But the price is moving to south..... 24/07/2017 17:32 RVI123 Moneykaching, can you see a big portion of first island already? E&O will be the biggest developer after the first island is completed. 25/07/2017 14:28 RVI123 Sunway's Paya Terubong project can not be compared to this. E&O's STP2 is super prime with new highway connection. For Sunway's Paya Terubong, we have to go through Ayer Itam with jammed and narrow roads. There are a lot of crowded flats in Paya Terubong. Can not compare. It is like comparing Mercedes S Class to Honda Accord. 25/07/2017 14:40 yingchai 0.03 sen dividend. haiz....so low dividend yield....I think this stock koyak already 27/07/2017 17:47 SateMan Dont worry. Next week wil go up. Shark already bought a lot of this share. What will happen? Dont miss the boat....huhu 28/07/2017 17:50 yingchai Y Lembaga Tabung Haji buying like no tomorrow?Any reason? Even the finance director also utilise her entitlement share option. I think good news coming., 31/07/2017 17:58 yingchai Limit down i think will break the support level at 1.60 and go all the way down to 1.40 07/08/2017 16:46  |
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