enid888Seri Tanjung Pinang 2 reclamation project is progressing well. The outline of the STP2 phase 1 can be seen clearly from the sky. The strategic development partner is under negotiation now and the first development will be launched in 2018.
enid888After consolidation for 10 days, E&O is moving again today. RM1.81 now. Slowly moving towards its intrinsic real value.
enid888Just see how quiet is this thread. That means not many retail investors are involved. Price has moved up to RM1.87 without much retail participation. Purely rising because of fundamentals and future prospect of STP2.
griezmanngiven the movement, surely something is brewing...
enid888Dusti, it takes another 1.5 years for first island of the reclamation to be completed and another 2 years to reclaim the second island. In total, the company needs 3.5 years to realise its values.
wonderCatalyst 1. CCCC investment in STP2 Catalyst 2. Sime Darby further divestment of 10% to Tham and associates Catalyst 3. Weakholders washed out nicely around RM1.4-1.5
ks55_Everyday buy back so little shares. Brokerage FOC? What a stupid company.
wonderIt cannot be stupid just because you cant think of the reason. Anyway if u follow the company well, you would know the reason for the odd lot buyback. I will assume you are just a passerby who dont own a single shareand thus did not follow the company's update well =)
FaithTraderhi...all Sifu....I am stuck with odd lots. kindly advice on how to go about disposing this odd lots...wud the brokerage fee remains or otherwise...kindly share
RVI123Management had targeted to bring in strategic investor by first half. Hopefully they can make it.
enid888E&O will launch the first phase of wellness center in Elmina West in Selangor by end of this year or early next year. This will be the second wellness center after Avira Wellness Center in Iskandar Johor. These 2 projects will provide future development for the next 10 to 15 years worth about RM8bil to RM10bil in total.
However, the jewel of the crown is still STP2 which will be the game changer for E&O once the reclamation is completed.
enid888I think CCCC, the reclamation contractor will take up some land n become strategic partner for STP2. This will be a positive news as CCCC will help develop and quicken the development of STP2 as a whole. STP2 will also be the Northern Malaysia business hub for Mainland Chinese corporations.
enid888Investors buy into E&O mainly because of the land reclaimation of the 760 acres in STP2. The earnings from the reclamation will be massive. Its development is secondary comparatively.
However, E&O is quite successful in its recent launchings. The 2 blocks of Tamarind condos in STP is almost sold out. The Amaris n Ariza high end by the sea link houses in STP are the final pieces of landed properties in STP. Both launches are well received by the market. In near future, they will launch a condo project in Jalan Kia Peng, KL and the first phase of Elmina Wellness City in Shah Alam.