Highlights
KLSE: E&O (3417)       EASTERN & ORIENTAL BHD Main : Properties
Last Price Today's Change   Day's Range   Trading Volume
1.59   +0.02 (1.27%)  1.57 - 1.59  243,100
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Overview

Market Cap: 2,109 Million
NOSH: 1,327 Million
Avg Volume (4 weeks):390,741
4 Weeks Range:1.48 - 1.66
4 Weeks Price Volatility (%):
61.11%
52 Weeks Range:1.40 - 2.13
52 Weeks Price Volatility (%):
26.03%
Average Price Target: 2.31
Price Target Upside/Downside: +0.72

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2017[#1]  |  29-Aug-2017
Next QR | Est. Ann. Date: 30-Sep-2017  |  17-Nov-2017
T4Q P/E | EY: 19.98  |  5.01%
T4Q DY | Payout %: 1.79%  |  35.74%
T4Q NAPS | P/NAPS: 1.3406  |  1.19
T4Q NP Margin | ROE: 15.51%  |  5.94%

Market Buzz

Date Type Subject
15-Sep-2017 Insider EASTERN & ORIENTAL BHD buyback 50,000 shares from 1.570 to 1.580 on 15-Sep-2017.
14-Sep-2017 Insider EASTERN & ORIENTAL BHD buyback 23,200 shares from 1.550 to 1.590 on 14-Sep-2017.
18-Sep-2017 Insider EASTERN & ORIENTAL BHD buyback 308,200 shares from 1.550 to 1.650 on 07-Sep-2017 - 15-Sep-2017.
19-Sep-2017 Meeting Outcome Annual General Meeting on 19-Sep-2017.

Headlines

Date Subject
30-Aug-2017 Eastern & Oriental - Earnings Dragged By Higher Expenses
30-Aug-2017 Eastern & Oriental Berhad - Within Expectations
30-Aug-2017 Mplus Market Pulse - 30 Aug 2017
08-Aug-2017 PublicInvest Research Headlines - 8 Aug 2017
08-Aug-2017 Mplus Market Pulse - 8 Aug 2017
19-Jul-2017 Expect E&O’s Lone Pine Hotel sale by October
20-Jun-2017 8500万售槟酒店.东家盈利可提高25%
19-Jun-2017 Eastern & Oriental - Disposing Lone Pine Hotel
19-Jun-2017 Mplus Market Pulse - 19 Jun 2017
19-Jun-2017 EASTERN & ORIENTAL - Disposes Lone Pine Hotel for RM85m
24-May-2017 Eastern & Oriental (BUY, maintain) - Positive surprise
24-May-2017 Eastern & Oriental - Ended FY17 On A Positive Note
24-May-2017 Mplus Market Pulse - 24 May 2017
04-May-2017 KWAP入股.拟售9亿资产.东家可获18亿资金
03-May-2017 E&O - More Asset Monetisation?
20-Apr-2017 What’s cooking in Eastern & Oriental Berhad?
19-Apr-2017 PublicInvest Research Headlines - 19 Apr 2017
10-Apr-2017 Eastern & Oriental - Disposing Straits Quay Mall
08-Apr-2017 E&O Partnership: Timing is key for KWAP
31-Mar-2017 E&O secures KWAP as cornerstone JV partner for STP Phase 2A

Business Background

Eastern & Oriental Berhad is engaged in investment holding and provision of management services to its subsidiaries. The Company operates in three segments: Properties, Hospitality, and Investment and Other. In properties, the Company is engaged in development and investment in residential and commercial properties. In Hospitality, the Company is engaged in manangement and operations of hotels and restaurants. The Company's subsidiaries include E&O Property Development Berhad, Dynamic Degree Sdn. Bhd., E&O Developers Sdn. Bhd., Eastern & Oriental Hotel Sdn. Bhd., E&O Leisure Sdn. Bhd., Major Liberty Sdn. Bhd. and Matrix Promenade Sdn. Bhd.
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  16 people like this.
 
posby lai lai..sudah longkang...
08/06/2017 11:39
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
BZ Always dissapointing. When everything looks good down it comes
08/06/2017 18:44
hoby Good luck to all who holding
09/06/2017 13:08
RandyRoe warned you guys earlier....
09/06/2017 17:07
hoh13 Wtf this stock keep fall
10/06/2017 14:05
smartbeng the Strong support at RM1.80 is BROKEN and its heading to south Downtrend
12/06/2017 16:25
Mohd Hakim 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
RandyRoe Flush down toilet more like it
14/06/2017 14:52
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 https://klse.i3investor.com/servlets/staticfile/306703.jsp
19/06/2017 11:36
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
RVI123 It will be another positive development when the Straits Quay Mall is sold.
21/06/2017 13:06
BZ Shit counter
22/06/2017 18:58
dusti If key assets are sold how will the company generate income/profit?
23/06/2017 14:00
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
dusti Help
06/07/2017 18:28
DarkNight Seen like LTH start putting their interest on this MEGA sales
06/07/2017 19:23
Bullshit Korang tak tau tak apa..
13/07/2017 11:48
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
RVI123 Moneykaching, u have seen the progress? U stay in Penang? Can update us?
19/07/2017 17:58
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
Supertonic000 im confident with this counter, buy when it is cheap...
24/07/2017 18:42
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
yingchai Annual report no exciting news.....haiz.....
28/07/2017 14:00
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
Daniel Pang one more leg down, 152 to156
06/08/2017 21:55
RandyRoe dead counter
07/08/2017 08:56
WM Niaga limit up??
07/08/2017 08:59
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
gsrajan Guys, no negative comments please.
08/08/2017 11:27
chandra54 but its really shitty counter!!!
10/08/2017 12:27
yingchai i think can go @ 1.40
10/08/2017 12:29
Money1188 What happened?
10/08/2017 12:55
BZ Hopeless counter
14/08/2017 17:41
Winnergetitall Be hopeful when everyone is fearful
16/08/2017 15:09
yingchai Lousy result, better sell and go for other counter.
30/08/2017 08:31
sien Aiyoo... TP 2 by when can reach... Every day also dropping
01/09/2017 21:50
smartbeng better sell in high short rebound price now or never while insider try to push up price while its too late! you may always can make a comeback when its reach bottom
11/09/2017 23:42


 

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