Highlights
KLSE: E&O (3417)       EASTERN & ORIENTAL BHD Main : Properties
Last Price Today's Change   Day's Range   Trading Volume
1.84   0.00 (0.00%)  1.83 - 1.86  1,669,600
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Overview

Market Cap: 2,439 Million
NOSH: 1,325 Million
Avg Volume (4 weeks):1,531,727
4 Weeks Range:1.80 - 1.93
4 Weeks Price Volatility (%):
30.77%
52 Weeks Range:1.40 - 2.13
52 Weeks Price Volatility (%):
60.27%
Average Price Target: 2.08
Price Target Upside/Downside: +0.24

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2017[#4]  |  23-May-2017
Next QR | Est. Ann. Date: 30-Jun-2017  |  25-Aug-2017
T4Q P/E | EY: 27.84  |  3.59%
T4Q DY | Payout %: 1.55%  |  43.09%
T4Q NAPS | P/NAPS: 1.2814  |  1.44
T4Q NP Margin | ROE: 13.04%  |  5.16%

Market Buzz

Date Type Subject
24-May-2017 Price Target Eastern & Oriental - Ended FY17 On A Positive Note
Source : MIDF, Price Call : BUY, Price Target : 2.68
Last Price : 1.84, Upside/Downside : +0.84(45.65%)
24-May-2017 Blog Mplus Market Pulse - 24 May 2017
23-May-2017 Quarter Result Quarter Result on 31-Mar-2017[#4] QoQ - 59.10% YoY - 443.41%.
24-May-2017 Insider Notice of new substantial holder - KUMPULAN WANG PERSARAAN (DIPERBADANKAN) on 19-May-2017.
26-May-2017 Forum 1 New Comment

Headlines

Latest Headlines
24/05/2017  Eastern & Oriental - Ended FY17 On A Positive Note
24/05/2017  Mplus Market Pulse - 24 May 2017
04/05/2017  KWAP入股.拟售9亿资产.东家可获18亿资金
03/05/2017  E&O - More Asset Monetisation?
20/04/2017  What’s cooking in Eastern & Oriental Berhad?
19/04/2017  PublicInvest Research Headlines - 19 Apr 2017
10/04/2017  Eastern & Oriental - Disposing Straits Quay Mall
08/04/2017  E&O Partnership: Timing is key for KWAP
31/03/2017  E&O secures KWAP as cornerstone JV partner for STP Phase 2A
31/03/2017  Eastern & Oriental - Secured KWAP As Strategic Investor For STP2A
31/03/2017  EASTERN & ORIENTAL - Secures Level 1 Investor for STP2A
24/02/2017  E&O - Driven By Higher Sale Of Completed Properties
24/02/2017  E&O - Within Expectations
21/12/2016  东家业绩变差?

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.
 
Friendship Today marching towards 2.20!
05/04/2017 05:46
Junx Leow woowww .already 1.97 !!!!
05/04/2017 15:45
wonder9k Some details are missing from the latest announcement, wonder what is the condition for the special purpose vehicle between KWAP and E&O
06/04/2017 14:49
Junx Leow T4 today, will have some force sell
06/04/2017 16:03
wonder9k And interestingly, beside Persada Menteri Sdn Bhd, there is another company formed- Junjung Angkasa Sdn Bhd, will it be another special purpose vehicle for 2nd partner?
06/04/2017 16:30
Junx Leow yes, it is only Persada Menteri

At the same time, TPD has also entered into a conditional joint-venture agreement with KWAP to develop the entire STP2A development land via a special purpose vehicle — Persada Mentari Sdn Bhd, which will be 80%-owned by TPD and 20% by KWAP.
06/04/2017 16:51
Junx Leow PETALING JAYA: Eastern & Oriental Bhd’s (E&O) subsidiary Tanjung Pinang Development Sdn Bhd has acquired 100% equity interest in two shelf companies, namely, Persada Mentari Sdn Bhd and Junjung Angkasa Sdn Bhd.
Both companies were incorporated as private limited companies under the Companies Act 2016 with an issued and paid-up share capital of RM1 comprising one ordinary share.

Read more at http://www.thestar.com.my/business/business-news/2017/03/30/eo-unit-starts-work-on-seri-tanjung-pinang-phase-two/#Pvg5gxL3my1LFzVP.99
06/04/2017 16:59
Junx Leow teruk nya drop !!!!!
06/04/2017 17:16
cipapo tabao already...cutloss signal...no demand bar
07/04/2017 09:13
damiantreez Maintain BUY with unchanged TP of RM2.68

Disposing Straits Quay Mall?

Slightly positive if the deal materializes

Minimal impact on E&O earnings

Disposing Straits Quay Mall? Media reported that Eastern & Oriental Bhd (E&O) is believed to be in talks to disposing Straits Quay Mall with a convention centre for RM230m. The mall is located in Straits Quay Marina of Seri Tanjung Pinang. The mall is having net lettable area of 270,000 sq ft with occupancy rate of 80%. Meanwhile, the built-up of the convention centre is at 25,300 sq ft. The reported selling price of RM230m for the asset is close to its net book value of RM233m.

Slightly positive if the deal materializes. We are not entirely surprised by the news as E&O had previously guided they may dispose assets to pare down its borrowings. Nevertheless, we are slightly positive if the deal materializes as it would further improve the balance sheet of E&O. Assuming the proceed of disposal to be utilized to pare down borrowings, we estimate net gearing of E&O to reduce to 0.44x from 0.57x (after taken into consideration of placement proceeds and deposit for STP2A stake sales from KWAP).

Minimal impact on E&O earnings. The mall and convention centre are parked under E&O Trading Sdn Bhd and we gather that the division is not making profit. Hence, we expect the reported disposal to have minimal impact on E&O earnings (if it materializes).

Maintain BUY with unchanged TP of RM2.68. We maintain our BUY call on E&O as we are positive on the long-term prospect of E&O following the entry of KWAP as strategic investor of STP2A. The entry of KWAP as a strategic investor helps to unlock the value of STP2 project and further ensure the execution of STP2A which is an all-important project to E&O.

http://klse.i3investor.com/blogs/midfresearch/120255.jsp

Source: MIDF Research
10/04/2017 11:06
damiantreez http://www.bursamalaysia.com/market/listed-companies/company-announcements/5389101

EPF bought 3,192,884 shares on 3rd April
10/04/2017 11:07
duckie35 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5387589

EPF disposed 3,192,884 shares on 31 March

.....wonder what happened...an error they made??
13/04/2017 14:08
ks55_ RM 1 coming?
14/04/2017 22:48
TrippleZ Yes. Keep waiting for rm1
14/04/2017 22:54
Kjsiah tried to warn many time but no one believe me. Same every time with this counter
17/04/2017 08:19
TradeTurd Actually what is wrong with this counter? recently got good news but go down like hell.
any pro here can explain?
21/04/2017 16:01
property Probably overpriced after run up from RM 1.4. Last QR is exceptional to be good. Maybe coming QR likely back to normal and not good.

TradeTurd Actually what is wrong with this counter? recently got good news but go down like hell.
any pro here can explain?
21/04/2017 16:01
https://klse.i3investor.com/servlets/stk/fin/3417.jsp
23/04/2017 11:15
Saham Trader i am watching this counter. rsi oversold with a good price to catch. put this counter in your watchlist..
24/04/2017 21:10
Emir42 Today up +.030. KWAP partner what more to expect
25/04/2017 17:21
wisdomtot Tomorrow reelbound kuat kuat
27/04/2017 22:24
TradeTurd wow rebound a bit la
28/04/2017 18:25
CUTLOSS Buy at RM 1.9 later become RM 1.5 must jump Penang Bridge?
01/05/2017 13:56
duckie35 today down trend again
03/05/2017 12:39
BZ Shit
04/05/2017 17:26
moneykaching shopping mall deal should improve financials
08/05/2017 01:14
Saham Trader i am collecting this counter even more. good fa stock with low price. iwcity, malton and almost properties stocks perform really well. this year and next year will be the year for e&o.
08/05/2017 21:44
Supertonic000 On thethe boat :)
08/05/2017 22:13
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
dusti enid888. Where are you holding up. ? Do you have fresh views to share?
11/05/2017 11:12
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
damiantreez Fly soon
15/05/2017 11:10
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
enid888 Dusti, hope that this time both of us will have good returns.
15/05/2017 15:50
dusti Yes enid888. Sure hope you are right. Meantime, am somewhat infatuated with DRB-Hicom! Cheers!
15/05/2017 22:12
null will start uptrend for mother n warrant...good luck
16/05/2017 19:51
duckie35 EPF no more shareholder??
17/05/2017 09:45
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
WM Niaga Ohhhhhh....YYYeeeaaaaaaa........!!!
18/05/2017 16:31
sien http://www.malaysiastock.biz/GetReport.aspx?file=2017/5/23/3417%20-%201857121574426.pdf&name=Bursa%204Q2017.pdf..
23/05/2017 20:17
sien Good quarter result
23/05/2017 20:21
damiantreez quarter result up 434%. Today shoot up to RM2
24/05/2017 08:49
WM Niaga Ohhhh...Yeeeaaaa....
24/05/2017 08:59
Hitman I thought will limit up
24/05/2017 09:07
BZ This counter hardly move
24/05/2017 12:02
yip1983 l believe RM2 will coming again soon
24/05/2017 13:25
azrylamyr 59milion profit only show like that?
24/05/2017 18:06
LearnFromMistake Don't expect too much from this counter
24/05/2017 20:00
JT James Have they sold off Straits Quay mall?
26/05/2017 12:39


 

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