Just with 3 Q results, total net profit is already close to last FY numbers. Assuming Q4 would be similar to Q3, we are looking at 800+m net profit for the year. Record number.

i say C then. EPS around 21.2

I say B/C.

As of September, Petron opened 38 new stations in Malaysia. :)

From another source,

The company said it managed to book a “modest” profit during the period “with Petron Malaysia’s contributions and its parent company’s extensive efforts to manage costs and keep the business viable under the current volatile market condition.”

https://www.bworldonline.com/shrinking-refining-margins-pull-down-petrons-income/

https://www.rappler.com/business/244214-petron-earnings-report-january-september-2019

good price to enter. strong support. upside is big.

Looks good

Tp rm2

6 sen dividend? Nicee

TP1 41 sen. Let's go!

Oil could jump to $80 by next year

https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Could-Jump-To-80-Next-Year.html

@kllady_fidah when will be the announcement for new owner?

good volume

get ready for SMI to fly. Underrated company.

get ready

Solid breakout with good volume. Tomorrow continue

maintain at .255 even on T4. next week can shoot up higher

If break .260 can easily go 30 sen

close .250 with volume. very good. tomorrow continue

what happen? big volume

TP 1.37

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

https://klse.i3investor.com/servlets/staticfile/306703.jsp

niceeee

fly to the sky

come onnnn

maybe we all can pool fund and takeover this company. so cheap now

be careful of this counter

once announce Straits Quay is sold, then price will shoot up. smart person will collect now while it is still cheap

maintain outperform

rebound coming

collect as long as below 40 sen

rebound until 1.60 next week

don't try to time the market

@Nigel never heard of it. please clarify your source.

good for rebound already

goreng soon before raya. TP 50 sen.

more esos. damn

wow drop a lot. too strong selling pressue

hehe. better collect now before shoot 50 sen

@moneyface25 maybe bonus and dividend too

PE only 2.15x. With at least PE 8x , the price should be at least Rm1.

deeply undervalued. collect as long as below 50 sen.

back to 1.46?

ready for wave 3

tomorrow shoot up Rm2. heheh. result looks promising

quarter result up 434%. Today shoot up to RM2

excellent result will be announced soon