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  360Capitalist E&O share price should move up after price fixing for the 66 million shares restricted placement to KWAP. 10/05/2017 16:22  enid888 Dusti, everything that I have said earlier remained valid. E&O is a good long term investment counter. Recently, the management intends to sell off some development land and properties in Malaysia and London. This proposed sales is positive news for E&O. It is better to monetise some less strategic properties to fund the massive STP2 reclamation. Once the land is reclaimed, the company is actually making profit as the value of the land has increased (market value - cost of reclamation and land title fees). Some ppl like KYY does not see this as profit but I do not agree. 11/05/2017 15:50 dusti enid888 thanks for your feedback. Agree with your treating value addition as profit. Have been a shareholder for the longest time, took profit many times, accept losses too, but continue to have faith. Always hoped that there is someone out there with pockets deep enough to take over the whole company. Then value addition will show nice numbers. Cheers. 11/05/2017 21:18 enid888 We are yet to see how much the new MD, Mr. TC Kok can bring to the company. Hopefully he can lead the company to the right direction and focus on the right things. The previous deputy MD, Eric Chan was too weak and caused few years delay to the reclamation of STP2. Should he been doing his job well, STP Phase 2A should have been completed by now and the share price should be more than RM3.00 at this time. 15/05/2017 11:22 enid888 Look at the STP2A reclamation work in progress as at 29/4/17 with the following link. http://www.skyscrapercity.com/showthread.php?t=552100&page=15 15/05/2017 11:47 dusti Yes enid888. Sure hope you are right. Meantime, am somewhat infatuated with DRB-Hicom! Cheers! 15/05/2017 22:12 moneykaching Once more and more deals are announced more and more people can see the VALUE in E&O. By the time it is too late to buy the shares. Share price would be way above RM3 17/05/2017 14:47 sien http://www.malaysiastock.biz/GetReport.aspx?file=2017/5/23/3417%20-%201857121574426.pdf&name=Bursa%204Q2017.pdf.. 23/05/2017 20:17 moneykaching Straits Quay mall sale in the final stage. Deal should be finalized soon 29/05/2017 01:06  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  |
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