Highlights
KLSE: E&O (3417)       EASTERN & ORIENTAL BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
1.09   -0.09 (7.63%)  1.09 - 1.18  598,700
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Financials


Market Cap: 1,446 Million

Market Cap 1,446 Million
NOSH 1,327 Million

Latest Audited Result:  31-Mar-2018

Latest Audited Result: 31-Mar-2018
Announcement Date 25-Jul-2018
Next Audited Result: 31-Mar-2019
Est. Ann. Date: 25-Jul-2019
Est. Ann. Due Date: 27-Sep-2019

Latest Quarter:  30-Jun-2018 [#1]

Latest Quarter: 30-Jun-2018 [#1]
Announcement Date 20-Aug-2018
Next Quarter: 30-Sep-2018
Est. Ann. Date: 14-Nov-2018
Est. Ann. Due Date: 29-Nov-2018
QoQ | YoY   -62.74%  |    -33.52%

Annual (Unaudited) ( EPS: 7.60, P/E: 14.35 )

Revenue | NP to SH 981,265  |  100,790
RPS | P/RPS 73.96 Cent  |  1.47
EPS | P/E | EY 7.60 Cent  |  14.35  |  6.97%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.39  |  0.78
YoY   16.38%
NP Margin | ROE 11.85%  |  5.46%
F.Y. | Ann. Date 31-Mar-2018  |  25-May-2018

T4Q Result ( EPS: 7.06, P/E: 15.44 )

Revenue | NP to SH 1,007,821  |  93,670
RPS | P/RPS 75.96 Cent  |  1.43
EPS | P/E | EY 7.06 Cent  |  15.44  |  6.48%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.40  |  0.78
QoQ | YoY   -7.06%  |    -11.28%
NP Margin | ROE 10.81%  |  5.05%
F.Y. | Ann. Date 30-Jun-2018  |  20-Aug-2018

Annualized Result ( EPS: 4.26, P/E: 25.60 )

Revenue | NP to SH 799,980  |  56,480
RPS | P/RPS 60.30 Cent  |  1.81
EPS | P/E | EY 4.26 Cent  |  25.60  |  3.91%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -43.96%  |    -33.52%
NP Margin | ROE 7.73%  |  3.04%
F.Y. | Ann. Date 30-Jun-2018  |  20-Aug-2018


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Mar-2019 20-Aug-2018 30-Jun-2018 1 199,995 29,545 15,457 14,120 - 1,855,274 - % 7.73% 0.76% 1,297,395 15.42 15.07 1.09 1.06 0.00 0.00 1.4300 1.40   -62.74%   -33.52% 29-Jun-2018 1.57 10.18 144.26 1.10 0.69% 0.00% 20-Aug-2018 1.52 9.86 139.66 1.06 0.72% 0.00%
31-Mar-2018 25-May-2018 31-Mar-2018 4 280,050 62,845 38,848 37,898 - 1,847,395 - % 13.87% 2.05% 1,300,983 21.53 21.11 2.91 2.86 0.00 0.00 1.4200 1.39   72.44%   -21.80% 30-Mar-2018 1.42 6.60 48.75 1.00 2.05% 0.00% 25-May-2018 1.55 7.20 53.21 1.09 1.88% 0.00%
31-Mar-2018 13-Feb-2018 31-Dec-2017 3 331,896 67,339 33,632 21,977 - 1,833,084 - % 10.13% 1.20% 1,309,346 25.35 25.02 1.68 1.66 0.00 0.00 1.4000 1.38   11.70%   -29.28% 29-Dec-2017 1.43 5.64 85.20 1.02 1.17% 0.00% 13-Feb-2018 1.45 5.72 86.39 1.04 1.16% 0.00%
31-Mar-2018 14-Nov-2017 30-Sep-2017 2 195,880 32,294 21,042 19,675 - 1,809,237 - % 10.74% 1.09% 1,320,611 14.83 14.76 1.49 1.48 0.00 0.00 1.3700 1.36   -7.37%   413.44% 29-Sep-2017 1.58 10.65 106.05 1.15 0.94% 0.00% 14-Nov-2017 1.45 9.78 97.33 1.06 1.03% 0.00%
31-Mar-2018 29-Aug-2017 30-Jun-2017 1 173,439 34,794 22,739 21,240 - 1,778,530 - % 13.11% 1.19% 1,279,518 13.56 13.07 1.66 1.60 0.00 0.00 1.3900 1.34   -56.17%   556.16% 30-Jun-2017 1.70 12.54 102.41 1.22 0.98% 0.00% 29-Aug-2017 1.51 11.14 90.96 1.09 1.10% 0.00%
31-Mar-2017 23-May-2017 31-Mar-2017 4 218,861 58,885 50,311 48,461 - 1,698,251 - % 22.99% 2.85% 1,257,964 17.40 16.50 3.85 3.65 0.00 0.00 1.3500 1.28   55.95%   436.63% 31-Mar-2017 1.93 11.09 50.10 1.43 2.00% 0.00% 23-May-2017 1.84 10.58 47.76 1.36 2.09% 0.00%
31-Mar-2017 23-Feb-2017 31-Dec-2016 3 243,316 49,287 32,948 31,074 - 1,646,938 - % 13.54% 1.89% 1,257,205 19.35 18.34 2.47 2.34 0.00 0.00 1.3100 1.24   710.91%   700.67% 30-Dec-2016 1.45 7.49 58.66 1.11 1.70% 0.00% 23-Feb-2017 1.94 10.02 78.49 1.48 1.27% 0.00%
31-Mar-2017 17-Nov-2016 30-Sep-2016 2 79,275 6,485 3,845 3,832 - 1,647,759 - % 4.85% 0.23% 1,277,333 6.21 5.98 0.30 0.29 0.00 0.00 1.2900 1.24   18.38%   -84.33% 30-Sep-2016 1.68 27.07 560.00 1.30 0.18% 0.00% 17-Nov-2016 1.52 24.49 506.67 1.18 0.20% 0.00%
31-Mar-2017 25-Aug-2016 30-Jun-2016 1 163,312 10,639 3,812 3,237 - 1,630,949 - % 2.33% 0.20% 1,245,000 13.12 12.31 0.26 0.24 0.00 0.00 1.3100 1.23   122.49%   -86.08% 30-Jun-2016 1.66 12.65 638.46 1.27 0.16% 0.00% 25-Aug-2016 1.69 12.88 650.00 1.29 0.15% 0.00%
31-Mar-2016 26-May-2016 31-Mar-2016 4 150,000 -55 -13,238 -14,396 25,057 1,641,274 - % -8.83% -0.88% 1,252,881 11.97 11.31 -1.15 -1.09 2.00 1.89 1.3100 1.24   -470.94%   -114.32% 31-Mar-2016 1.65 13.78 -143.60 1.26 -0.70% 1.21% 26-May-2016 1.55 12.95 -134.90 1.18 -0.74% 1.29%
31-Mar-2016 25-Feb-2016 31-Dec-2015 3 117,585 3,791 4,387 3,881 - 1,652,554 - % 3.73% 0.23% 1,251,935 9.39 8.86 0.31 0.29 0.00 0.00 1.3200 1.25   -84.12%   -65.93% 31-Dec-2015 1.43 15.23 461.29 1.08 0.22% 0.00% 25-Feb-2016 1.57 16.72 506.45 1.19 0.20% 0.00%
31-Mar-2016 27-Nov-2015 30-Sep-2015 2 85,708 26,416 24,338 24,447 - 1,646,179 - % 28.40% 1.49% 1,228,492 6.98 6.46 1.99 1.84 0.00 0.00 1.3400 1.24   5.11%   15.11% 30-Sep-2015 1.58 22.65 79.40 1.18 1.26% 0.00% 27-Nov-2015 1.55 22.22 77.89 1.16 1.28% 0.00%
31-Mar-2016 24-Aug-2015 30-Jun-2015 1 68,890 24,603 23,342 23,259 - 1,628,130 - % 33.88% 1.43% 1,224,157 5.63 5.19 1.90 1.75 0.00 0.00 1.3300 1.23   -76.86%   22.67% 30-Jun-2015 1.70 30.21 89.47 1.28 1.12% 0.00% 24-Aug-2015 1.50 26.65 78.95 1.13 1.27% 0.00%
31-Mar-2015 25-May-2015 31-Mar-2015 4 143,040 120,686 101,648 100,500 - 1,601,856 - % 71.06% 6.27% 1,222,791 11.70 10.78 8.22 7.58 0.00 0.00 1.3100 1.21   782.35%   99.01% 31-Mar-2015 2.00 17.10 24.33 1.53 4.11% 0.00% 25-May-2015 1.83 15.64 22.27 1.40 4.49% 0.00%
31-Mar-2015 27-Feb-2015 31-Dec-2014 3 99,419 16,853 12,262 11,390 - 1,507,500 - % 12.33% 0.76% 1,116,666 8.90 7.49 1.02 0.86 0.00 0.00 1.3500 1.14   -46.37%   -40.25% 31-Dec-2014 2.25 25.27 220.59 1.67 0.45% 0.00% 27-Feb-2015 2.25 25.27 220.59 1.67 0.45% 0.00%
31-Mar-2015 28-Nov-2014 30-Sep-2014 2 77,294 31,389 22,188 21,238 - 1,523,353 - % 28.71% 1.39% 1,111,937 6.95 5.83 1.91 1.60 0.00 0.00 1.3700 1.15   12.01%   29.05% 30-Sep-2014 2.87 41.29 150.26 2.09 0.67% 0.00% 28-Nov-2014 2.55 36.68 133.51 1.86 0.75% 0.00%
31-Mar-2015 26-Aug-2014 30-Jun-2014 1 129,744 33,208 20,568 18,960 - 1,496,842 - % 15.85% 1.27% 1,108,771 11.70 9.78 1.71 1.43 0.00 0.00 1.3500 1.13   -62.45%   -30.35% 30-Jun-2014 2.75 23.50 160.82 2.04 0.62% 0.00% 26-Aug-2014 2.93 25.04 171.35 2.17 0.58% 0.00%
31-Mar-2014 23-May-2014 31-Mar-2014 4 229,687 78,841 54,485 50,499 33,199 1,471,857 65.74% 23.72% 3.43% 1,106,659 20.75 17.31 4.57 3.81 3.00 2.50 1.3300 1.11   164.91%   33.27% 31-Mar-2014 2.12 10.21 46.46 1.59 2.15% 1.42% 23-May-2014 2.32 11.18 50.84 1.74 1.97% 1.29%
31-Mar-2014 26-Feb-2014 31-Dec-2013 3 97,788 28,468 20,087 19,063 - 1,429,724 - % 20.54% 1.33% 1,108,313 8.82 7.37 1.72 1.44 0.00 0.00 1.2900 1.08   15.84%   -27.84% 31-Dec-2013 1.89 21.42 109.88 1.47 0.91% 0.00% 26-Feb-2014 1.98 22.44 115.12 1.53 0.87% 0.00%
31-Mar-2014 26-Nov-2013 30-Sep-2013 2 74,675 25,282 17,408 16,457 - 1,435,845 - % 23.31% 1.15% 1,104,496 6.76 5.63 1.49 1.24 0.00 0.00 1.3000 1.08   -39.54%   -52.88% 30-Sep-2013 2.05 30.32 137.58 1.58 0.73% 0.00% 26-Nov-2013 1.95 28.84 130.87 1.50 0.76% 0.00%
31-Mar-2014 26-Aug-2013 30-Jun-2013 1 94,991 34,582 27,804 27,220 - 1,416,325 - % 29.27% 1.92% 1,106,504 8.58 7.16 2.46 2.05 0.00 0.00 1.2800 1.07   -28.16%   -10.22% 28-Jun-2013 2.00 23.30 81.30 1.56 1.23% 0.00% 26-Aug-2013 2.08 24.23 84.55 1.63 1.18% 0.00%
31-Mar-2013 27-May-2013 31-Mar-2013 4 164,729 59,306 40,343 37,892 49,835 1,395,404 131.52% 24.49% 2.72% 1,107,463 14.87 12.42 3.43 2.86 4.50 3.76 1.2600 1.05   43.44%   -10.22% 29-Mar-2013 1.58 10.62 46.18 1.25 2.17% 2.85% 27-May-2013 2.08 13.98 60.79 1.65 1.64% 2.16%
31-Mar-2013 25-Feb-2013 31-Dec-2012 3 144,608 35,628 27,851 26,417 - 1,348,482 - % 19.26% 1.96% 1,105,313 13.08 10.90 2.39 1.99 0.00 0.00 1.2200 1.02   -24.37%   71.96% 31-Dec-2012 1.56 11.92 65.27 1.28 1.53% 0.00% 25-Feb-2013 1.55 11.85 64.85 1.27 1.54% 0.00%
31-Mar-2013 22-Nov-2012 30-Sep-2012 2 156,678 51,497 36,968 34,929 - 1,359,578 - % 23.59% 2.57% 1,105,348 14.17 11.81 3.16 2.63 0.00 0.00 1.2300 1.02   15.21%   152.45% 28-Sep-2012 1.65 11.64 52.22 1.34 1.92% 0.00% 22-Nov-2012 1.62 11.43 51.27 1.32 1.95% 0.00%
31-Mar-2013 17-Aug-2012 30-Jun-2012 1 139,521 40,840 31,604 30,318 - 1,327,795 - % 22.65% 2.28% 1,106,496 12.61 10.52 2.74 2.29 0.00 0.00 1.2000 1.00   -28.17%   -41.57% 29-Jun-2012 1.40 11.10 51.09 1.17 1.96% 0.00% 17-Aug-2012 1.62 12.85 59.12 1.35 1.69% 0.00%
31-Mar-2012 28-May-2012 31-Mar-2012 4 210,549 54,610 44,182 42,206 46,889 1,290,839 111.10% 20.98% 3.27% 1,103,281 19.08 15.87 3.82 3.18 4.25 3.53 1.1700 0.97   174.74%   207.33% 30-Mar-2012 1.50 7.86 39.21 1.28 2.55% 2.83% 28-May-2012 1.41 7.39 36.86 1.21 2.71% 3.01%
31-Mar-2012 27-Feb-2012 31-Dec-2011 3 123,120 27,670 16,525 15,362 - 1,239,932 - % 13.42% 1.24% 1,097,285 11.22 9.28 1.40 1.16 0.00 0.00 1.1300 0.93   11.03%   385.37% 30-Dec-2011 1.40 12.48 100.00 1.24 1.00% 0.00% 27-Feb-2012 1.57 13.99 112.14 1.39 0.89% 0.00%
31-Mar-2012 30-Nov-2011 30-Sep-2011 2 82,599 18,202 14,419 13,836 - 1,361,811 - % 17.46% 1.02% 1,089,448 7.58 6.23 1.27 1.04 0.00 0.00 1.2500 1.03   -73.34%   172.09% 30-Sep-2011 1.46 19.26 114.96 1.17 0.87% 0.00% 30-Nov-2011 1.39 18.33 109.45 1.11 0.91% 0.00%
31-Mar-2012 25-Aug-2011 30-Jun-2011 1 75,883 70,690 52,613 51,892 - 1,340,543 - % 69.33% 3.87% 1,081,083 7.02 5.72 4.80 3.91 0.00 0.00 1.2400 1.01   277.86%   407.35% 30-Jun-2011 1.61 22.94 33.54 1.30 2.98% 0.00% 25-Aug-2011 1.45 20.66 30.21 1.17 3.31% 0.00%
31-Mar-2011 30-May-2011 31-Mar-2011 4 118,063 19,909 14,559 13,733 21,274 1,063,739 154.92% 12.33% 1.29% 1,063,739 11.10 8.90 1.29 1.04 2.00 1.60 1.0000 0.80   333.90%   -68.40% 31-Mar-2011 1.18 10.63 91.40 1.18 1.09% 1.69% 30-May-2011 1.49 13.42 115.41 1.49 0.87% 1.34%
31-Mar-2011 25-Feb-2011 31-Dec-2010 3 41,084 5,534 3,035 3,165 - 1,265,999 - % 7.39% 0.25% 1,054,999 3.89 3.10 0.30 0.24 0.00 0.00 1.2000 0.95   -37.76%   -69.83% 30-Dec-2010 1.18 30.30 393.33 0.98 0.25% 0.00% 25-Feb-2011 1.16 29.79 386.67 0.97 0.26% 0.00%
31-Mar-2011 29-Nov-2010 30-Sep-2010 2 65,814 5,150 5,821 5,085 - 1,334,812 - % 8.84% 0.38% 1,059,375 6.21 4.96 0.48 0.38 0.00 0.00 1.2600 1.01   -50.28%   -55.82% 30-Sep-2010 1.18 18.99 245.83 0.94 0.41% 0.00% 29-Nov-2010 1.17 18.83 243.75 0.93 0.41% 0.00%
31-Mar-2011 24-Aug-2010 30-Jun-2010 1 46,310 17,561 12,122 10,228 - 1,342,425 - % 26.18% 0.76% 1,065,416 4.35 3.49 0.96 0.77 0.00 0.00 1.2600 1.01   -76.47%   102.53% 30-Jun-2010 0.90 20.71 93.75 0.71 1.07% 0.00% 24-Aug-2010 1.08 24.85 112.50 0.86 0.89% 0.00%
31-Mar-2010 31-May-2010 31-Mar-2010 4 73,707 41,680 44,057 43,462 40,429 1,329,915 93.02% 59.77% 3.27% 1,063,932 6.93 5.56 4.08 3.28 3.80 3.05 1.2500 1.00   314.28%   198.31% 31-Mar-2010 0.98 14.15 23.99 0.78 4.17% 3.88% 31-May-2010 0.88 12.70 21.54 0.70 4.64% 4.32%
31-Mar-2010 23-Feb-2010 31-Dec-2009 3 89,994 21,348 11,848 10,491 - 1,284,612 - % 13.17% 0.82% 1,070,510 8.41 6.78 0.98 0.79 0.00 0.00 1.2000 0.97   -8.86%   339.41% 31-Dec-2009 1.05 12.49 107.14 0.87 0.93% 0.00% 23-Feb-2010 0.99 11.78 101.02 0.83 0.99% 0.00%
31-Mar-2010 26-Nov-2009 30-Sep-2009 2 114,759 20,499 12,763 11,511 - 873,983 - % 11.12% 1.32% 710,555 16.15 8.65 1.62 0.87 0.00 0.00 1.2300 0.66   127.94%   2,333.62% 30-Sep-2009 1.45 8.98 89.51 1.18 1.12% 0.00% 26-Nov-2009 0.88 5.45 54.32 0.72 1.84% 0.00%
31-Mar-2010 27-Aug-2009 30-Jun-2009 1 73,915 9,498 5,727 5,050 - 889,084 - % 7.75% 0.57% 711,267 10.39 5.57 0.71 0.38 0.00 0.00 1.2500 0.67   111.42%   -53.43% 30-Jun-2009 0.95 9.14 133.80 0.76 0.75% 0.00% 27-Aug-2009 1.31 12.61 184.51 1.05 0.54% 0.00%
31-Mar-2009 26-May-2009 31-Mar-2009 4 81,648 -48,013 -44,044 -44,211 - 832,294 - % -53.94% -5.31% 665,835 12.26 6.15 -6.64 -3.33 0.00 0.00 1.2500 0.63   -908.92%   -576.93% 31-Mar-2009 0.46 3.75 -6.93 0.37 -14.43% 0.00% 26-May-2009 0.86 7.01 -12.95 0.69 -7.72% 0.00%
31-Mar-2009 26-Feb-2009 31-Dec-2008 3 70,162 -6,550 -3,978 -4,382 - 869,859 - % -5.67% -0.50% 654,029 10.73 5.29 -0.67 -0.33 0.00 0.00 1.3300 0.66   -1,026.43%   -104.89% 31-Dec-2008 0.43 4.01 -64.18 0.32 -1.56% 0.00% 26-Feb-2009 0.50 4.66 -74.63 0.38 -1.34% 0.00%
31-Mar-2009 26-Nov-2008 30-Sep-2008 2 63,946 950 1,407 473 - 786,362 - % 2.20% 0.06% 591,250 10.82 4.82 0.08 0.04 0.00 0.00 1.3300 0.59   -95.64%   -96.79% 30-Sep-2008 0.81 7.49 1,012.50 0.61 0.10% 0.00% 26-Nov-2008 0.56 5.18 700.00 0.42 0.14% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  16 people like this.
 
RVI123 Now with PH winning the election, it should be good news to E&O. The tunnel project will be carried out as planned.
11/05/2018 17:45
Administrator 2.58 average price target, still can buy some to keep
17/05/2018 19:33
klout Why does E&O WB keeps dropping? Any reason?
11/06/2018 22:47
enid888 The waiting or gestation period is over. The harvesting phase has begun.

The 1st island of STP2 has been fully reclaimed. 20% of the development land has been monetized and sold to KWAP. Profits from the sales will be recognised within the next two years progressively according to infrastructure milestone constructed.

The construction work of the bridge linking the mainland to the island has commenced and is scheduled to be completed by 2020. Furthermore, the first development in the island will be launched within 6 months to 9 months from now.

When all these happened, the investors can visualize the real value of the whole development. E&O share price will be on uptrend inline with the increase in awareness of the investing community on the real values of the island.
13/06/2018 23:16
alectay Good
14/06/2018 09:58
enid888 The Sime Property Dilemma - What To Do With Investment In E&O?

On 27/9/2016, Sime Darby sold 10% of its 22.2% shareholdings in E&O at RM2.45 per share. One of the reasons may be the investment is in an opposition state. However, Pakatan Harapan has won GE14 and Penang is now ruled by the ruling party. Should Sime Property relook into its investment strategy in E&O? The answer should be "Yes". Sime Property should look into its strategy and what they should do with its remaining investment of 11.57% in E&O?
14/06/2018 11:45
enid888 Keeping 11.57% and being a passive investor in E&O is meaningless to Sime Property. Sime Property has to either sell the shareholdings away or increase its stakes. Sime Property bought the shares about 5 years ago at RM2.30 a share. It means Sime Property will be making losses if they sell them away at the current price. They also risk being looked foolish when the share price climb to a much higher level in the next few years.

Why Sime Property had bought into E&O at RM2.30 a share in 2013 in the first place? They must have hired professionals to calculate, performed due diligence and found out that it worth more than RM2.30 a share. I think Sime Property should take advantage of the current low price level to increase its stakes or talk to Lembaga Tabung Haji if they intend to sell its stakes. Lembaga Tabung Haji was seen reducing its shareholdings in the open market recently.
14/06/2018 13:21
14/06/2018 15:03
enid888 @dusti, the statutory funds like EPF, Lembaga Tabung Haji and KWAP are taking quite significant positions in E&O. Among the three, KWAP has taking even more aggressive stance by participating directly into the developments of STP2. The first project that is scheduled to be launched in the next 6 to 9 months in STP2 will be a JV between KWAP and E&O.
15/06/2018 23:38
alectay sad, dropped
04/07/2018 15:44
wisdomtot hentam a bit 1.43 to 1.45..see got luck or not..
06/07/2018 09:58
RVI123 E&O becomes active and moves up to RM1.57, up 5 Sen.
23/07/2018 15:21
enid888 More than 10 years ago, companies are allowed and encouraged to revalue their landbanks. Therefore, the NTA would reflect the actual market values of the landbanks. However, the subsequent FRS (Financial Reporting Standards) by Bursa requires the landbanks to be carried at cost. This new requirements is suitable for companies who bought lands for immediate developments like SDB, Hua Yang, MCT, Thriven and Sunsuria.

However, there are some companies that bought their development landbanks and keep them for a long time, between 10 years to as long as 40 years in some cases. The NTA in this type of companies is grossly underestimated. As the NTA does not show the true picture of the company, the financial analysts then create a new term for the actual NTA when the current market values of the properties are calculated. They name it RNAV (Revised Net Asset Values). In fact, the RNAV is actually the NTA of the development companies.

I would say Bursa has set the wrong FRS and enable the property counters to grossly underestimate their NTAs and hence artificially suppress the share price of the property counters. The major shareholders are very happy with this because they can buy back the shares from the market either in their personal capacities or company share buybacks at very low price. That is the reason that there were so many privatisations taken place in these few years in property counters.

This includes Hunza, OSK Property, PJ Dev, Wing Tai and a few more. The two ongoing mandatory general offers are TA and TAGB. The major shareholders are taking advantage of the wrong situations and ignorant of the general retail shareholders. If Bursa Malaysia does not revise the FRS and corrects the situations, more and more companies will be privatised. The counters that fall into this catogery are E&O, MKH, Paramount, Oriental, TA, TAGB, KSL, Tropicana and some others.

Many of the retail investors do not have the financial knowledge and are fooled by the wrong situations. For me, I am equipped with the financial knowledge and many years of experience in Bursa to witness and realise the wrong development took place.
24/07/2018 03:01
alectay Thanks for sharing
24/07/2018 15:48
Money1188 Thanks for sharing. It help us to improve our financial knowledge
24/07/2018 15:55
raymondlct126 enid888 thanks for sharing.
25/07/2018 14:02
dusti hi enid888 , by your reckoning (as insider?) E &O should be zooming towards 2.30 + for Sime to break even or better . Was hoping for management to make some bullish announcements soon.......but....................
28/07/2018 04:52
Money1188 How come today down so much again
30/07/2018 19:58
enid888 @dusti, I am self employed, not working in corporate.
31/07/2018 16:38
dusti E&O has given a share dividend of 1:50, equivalent to 2 sen/ share. Company must be strap for cash. J
02/08/2018 04:43
coffee tqq enid888, will be following yr posts closely. hope u posts more ;)
11/08/2018 12:54
enid888 @coffee, it is good to share and obtain valuable information on i3 platform.
12/08/2018 09:35
RVI123 Aminvestment upgraded E&O from "hold" to "buy". Target price is RM2.01.

https://www.thestar.com.my/business/business-news/2018/08/17/eo-upgraded-to-buy-from-hold/
19/08/2018 14:51
Yael Jasper Price will gap up this morning, good luck to all and enjoy the rollercoaster.... hehe
20/08/2018 10:52
TKP9966 good news but price nv up ?
21/08/2018 17:29
enid888 Generally, STP2A has been completely reclaimed and all the land titles have been issued. E&O sold 6 plots of land (bulk sales) to the Tier 1 pioneer investor KWAP at discounted prices (about RM500 to RM550 per sq.ft) about 2 years ago. That land sale was carried out to bring in cash to finance the ongoing reclamation work then.
With the land plots can be physically witnessed now, E&O targets to sell some of the remaining plots to potential building owners or developers at the prevailing market price which I think should be between RM700 to RM900 per sq.ft). Preference will be given to potential buyers who intend to develop the land fast and preferably with iconic buildings.
23/08/2018 01:09
enid888 Another general offer today

Daiman

Major shareholder offers to buy at RM3.00 a share. Last trading price was RM2.17 per share. The offer is 38.2% higher than the last trading price. This is the proof that property counters are trading at "lelong" price just like E&O.
27/08/2018 18:30
dusti enid888 so why is E & O on skid row?
18/09/2018 15:51
ks55 I like E&O
Start buying at 1.31
Will buy all the way down to 1.00





勇者 创造机会
智者 把握机会
愚者 找不到机会
死者 (絕望者) 永遠沒有机会
19/09/2018 12:16
ks55 I am not asking you to buy.
If you buy at 1.31 and below, surely you are unlikely to lose money.

I will not tell you to buy only after E&O already move up by 20%.
That is not noble, and not doing thing in good faith.
You should know whom I am referring to.........
19/09/2018 12:21
BN_must_lose KWAP fund managers lousy. When pay RM 1.9-2 for 1.3 stock? Cut pension for their loss.
19/09/2018 12:23
BN_forever BN ctr? Wait below RM 1 or GE15 buy.
19/09/2018 12:29
bankrupt Go bankrupt.
19/09/2018 14:53
k55s Stupid people buy bankrupt stock. Why not wait below 50 sen?
20/09/2018 15:36
ChongKetPen_ Saw their house sinking under sea. Pls avoid buying.
27/09/2018 12:43
sell Property must reduce price by Oct-end. Run asap. Loss QR coming?
02/10/2018 22:44
egearcentral Almost all construction stocks kena... but good for everyone as property price coming down...
03/10/2018 14:16
RVI123 @ChongKetPen, what do you mean by sinking under sea?
03/10/2018 16:56
ChongKetPen_ Sinking house where got good? Keep cash better why buy property?
04/10/2018 15:09
ks55_ Terry Tham pledged securities to be sold soon. Run. 60 sen coming.
10/10/2018 11:45
ks55_ OTW to Holland. Run. 60 sen by Dec.
14/10/2018 02:01
freddiehero very deep blue sea
14/10/2018 09:31
ks55_ Holland OTW(50 sen). Run as fast as possible haha.
15/10/2018 10:43
sell Idiots buy now. Smart people sell. Why cannot wait 50-60 sen buy back?
15/10/2018 22:01
donald770 This counter has been on its down trend since August and wonder whether it has reached its bottom? Bearing in mind its asset mainly around Penang. Your opinion pls.
18/10/2018 14:35
ks55_ Just visited their showroom. Sales very bad. More employees than customers. How to survive? 60 sen OTW. Run.
20/10/2018 11:47
ks55_ I earn RM 2500 per month. Every mth buy 2K shares. Drop more buy more until 12 sen buy 20K. So drop more is better.
21/10/2018 10:11
RVI123 @ks55, you visited Sri Tanjung Pinang showroom?
21/10/2018 23:25
laosai 1.15-1-0.8?
23/10/2018 09:39
4444 Boh chow c ah. 50-60 sen coming?
23/10/2018 15:50