EASTERN & ORIENTAL BHD

KLSE (MYR): E&O (3417)

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Last Price

0.96

Today's Change

-0.02 (2.04%)

Day's Change

0.955 - 0.98

Trading Volume

4,736,400


18 people like this.

9,802 comment(s). Last comment by turbochart 1 week ago

Alfred Aun

1,139 posts

Posted by Alfred Aun > 2014-06-04 11:01 | Report Abuse

y the share price can not breakthrough 2.70 this morning?

ppginvest

1,591 posts

Posted by ppginvest > 2014-06-04 11:05 | Report Abuse

may be is the sharks left-right hands stagnant at 2.70, waiting for the baits to buy in 2.70 before they pushing up again

ppginvest

1,591 posts

Posted by ppginvest > 2014-06-04 11:23 | Report Abuse

hoho.... 2.74

iafx

4,632 posts

Posted by iafx > 2014-06-04 11:24 | Report Abuse

recall those days when ecoworld hover at 2.x range... penang, interesting.

sharizal78

323 posts

Posted by sharizal78 > 2014-06-04 11:24 | Report Abuse

done 2.70 :)

psd57

2,314 posts

Posted by psd57 > 2014-06-04 11:30 | Report Abuse

Heading to RM 3.00

Joel

4,580 posts

Posted by Joel > 2014-06-04 11:46 | Report Abuse

The price is hiting now.

Barbarian

939 posts

Posted by Barbarian > 2014-06-04 13:34 | Report Abuse

Due to shooting star price target is now 2.87

leo218

5,550 posts

Posted by leo218 > 2014-06-04 13:47 | Report Abuse

shooting star appear when price is up , its a bad sign brother.... its good sign when the price is dropping and at the bottom appear shooting star

leo218

5,550 posts

Posted by leo218 > 2014-06-04 13:48 | Report Abuse

evening and morning shooting star , there are different

optimusprime

1,149 posts

Posted by optimusprime > 2014-06-04 13:59 | Report Abuse

price target is higher than 2.90
shooting star pattern can by manufactured. lets say u want to accumulate a stock u can manufactured a morning star by pushing it much higher than your intended closing price.
the action today says we shall give less weight to the technical consideration of shooting star formation.
market is very bearish and super illiquid, anyone can manufactured any chart pattern they want as no one is buying or selling.

forsee e&o continue uptrend.
its currently the only counter with strong catalyst. stp2.
dont b surprise if the stock shoot to 4.00

Barbarian

939 posts

Posted by Barbarian > 2014-06-04 14:01 | Report Abuse

With EnO it's most of the time morning shooting star. That's why it requires anchor. The earlier anchor was 2.52 but since yesterday outburst now have to wait for it to settle to know new support

optimusprime

1,149 posts

Posted by optimusprime > 2014-06-04 14:06 | Report Abuse

this stock has singaporean investor following due to, founder singaporean, substantial shareholder gkgoh- one of the best n biggest broker in singapore, another goreng syndicate.
once the messages out that Sime is no longer seeking to privatised e&o, the upside can b tremendous.
strong catalyst. 1. largest landowner in Penang, even larger going fwd as they r manufacturing land.
2. stock price had been supressed due to corp governance issue and Sime controlling stake of possible GO.

Barbarian

939 posts

Posted by Barbarian > 2014-06-04 14:07 | Report Abuse

Leo, read Saturn's comment he thinks mgmt is accumulating below 2.90. In fact yesterday created a momentum which was undesired. It was way way above the volume and the price may go up too fast too early before the 10% arrangement complete. If that happens, the buy in for the mgmt may be encouraging but Terry would not have collected fast enough

Barbarian

939 posts

Posted by Barbarian > 2014-06-04 14:09 | Report Abuse

Sorry correction, Saturn thinks Terry would collect below 2.90 so that he can offer 2.90 to his mgmt

optimusprime

1,149 posts

Posted by optimusprime > 2014-06-04 14:13 | Report Abuse

barbarian? why collect from market when he can offer 2.90 to his mgmt?

just give them esos.

Barbarian

939 posts

Posted by Barbarian > 2014-06-04 14:17 | Report Abuse

Optimus, I believe if give Esos you need buy in of mgmt if price is below 2.90 and Esos is 2.90. Also Terry has to share the 10% with the mgmt team....70/30 or 80/20?

Barbarian

939 posts

Posted by Barbarian > 2014-06-04 14:23 | Report Abuse

From what I have read from thestar, Terry hasn't confirm the method to share the 10% which will give him time leh to collect and slowly bring up the price before the 10% is offered so that the option will be accepted.

Joel

4,580 posts

Posted by Joel > 2014-06-04 14:41 | Report Abuse

Buy below rm2.90.

Joel

4,580 posts

Posted by Joel > 2014-06-04 14:53 | Report Abuse

I heard some news related E&O fr my remisier juz now.

More and more institution , bank or Singpaorean or even some fund manager

already aimed to ACCUMULATE E&O today.

Monsoon

33 posts

Posted by Monsoon > 2014-06-04 15:59 | Report Abuse

Oooooi.....keep quiet lah Joel....every time My remisier my remisier......no facts but all rubbish....did Dsonic go rm7??? Read his portfolio none of what his remisier said came true. Don't spoil this counter lah

Joel
Stock: [CWORKS]: CWORKS SYSTEMS BHD
Apr 7, 2014 02:10 PM | Report Abuse

my remisier said 4 days ago last wek, this stock is going to hit Rm0.80 - Rm1.00 soon.
Bcos some campany wanna to buy Cworks 's share in open market.




Stock: [DSONIC]: DATASONIC GROUP BERHAD
Apr 2, 2014 08:19 PM | Report Abuse

KL-PJ: I heard fr others institusi kewangan / banks... they predict Dsonic's price

might go to RM7.00 !

Really , These is what my dealer & remisier told me yesterday afternoon by handphone.

sharizal78

323 posts

Posted by sharizal78 > 2014-06-04 16:09 | Report Abuse

let's see if have any singaporean buy today ;)

Joel

4,580 posts

Posted by Joel > 2014-06-04 16:11 | Report Abuse

I told u what he said to me.
I juz share.
Hope monsoon u dun mind and blamed me.

We invest and we also can do any change in anytime u wanna to go in or go out.

They ( remisier also human like us ) also heard fr others.

KITA LAH YANG MEMBUAT KEPUTUSAN SAMA ADA PERCAYA ATAU TIDAK.
BERANI ATAU TIDAK.

CWORKS AND DSONIC I MADE NET PROFIT AT ( RM200 AND RM6600)
THESE PROFIT I ALSO BASED ON WHAT MY REMIISER TOLD ME.
THEN I DO MY DECISION......

BCOS WE ARE INVEST ON OURS OWN RISK.

Joel

4,580 posts

Posted by Joel > 2014-06-04 16:13 | Report Abuse

From begin till now, I dint not TIPU u , monsoon .

Barbarian

939 posts

Posted by Barbarian > 2014-06-04 16:16 | Report Abuse

If it stays at 2.74, it's a better sign. The price is filling in and closer to today's high of 2.77. If it closes at 2.77 or higher, the gap up manage to sustain. A very good sign then.

Joel

4,580 posts

Posted by Joel > 2014-06-04 16:16 | Report Abuse

One thing, monsoon, my remisier is my uncle. ( saudara - mara )

samsung555

478 posts

Posted by samsung555 > 2014-06-04 17:23 | Report Abuse

hopefully E&O can fly up and up this week.........

sharizal78

323 posts

Posted by sharizal78 > 2014-06-04 17:41 | Report Abuse

i would like to see tomorrow closed above 2.77 ;)

cheelam

5 posts

Posted by cheelam > 2014-06-04 19:43 | Report Abuse

So gang ......up price to rm7 dsonic

Barbarian

939 posts

Posted by Barbarian > 2014-06-05 00:19 | Report Abuse

RHB has been accurate thus far. They called for trading buy in feb this year which is normally 3 mths to meet TP set. The TP was 2.70 and it's already met two days ago. Am impress at their accuracy....

leo218

5,550 posts

Posted by leo218 > 2014-06-05 07:35 | Report Abuse

Barbarian pls dun trust any of the skl research house report. Judge it by yr own. They are paid to come out report n tp.

speakup

27,069 posts

Posted by speakup > 2014-06-05 07:41 | Report Abuse

yes analyst got their own ulterior motive. They give some stock super high TP because their funds holding those shares (they plan to sell!)

speakup

27,069 posts

Posted by speakup > 2014-06-05 07:42 | Report Abuse

one example is Kenanga put Zhulian TP about 5.50, see where Zhulian is now.

Barbarian

939 posts

Posted by Barbarian > 2014-06-05 08:44 | Report Abuse

I only trust a couple of investment house....moreover the recent call is a buy for TP 3.52 and not a trading buy as earlier. I like trading buy becoz, they are short and have very good catalyst

Barbarian

939 posts

Posted by Barbarian > 2014-06-05 09:12 | Report Abuse

Gap filling up. Looking for a support and base. Not stable yet

sharizal78

323 posts

Posted by sharizal78 > 2014-06-05 09:12 | Report Abuse

mind to share what your trust investment house?

Barbarian

939 posts

Posted by Barbarian > 2014-06-05 09:15 | Report Abuse

Sharizal, very seldom you get all the investment house in one counter and continue to adjust their TP. Here 2 prominent is RHB and Cimb among the 5 or 6 who has put a target here. Have a read on some of the good comments.

ppginvest

1,591 posts

Posted by ppginvest > 2014-06-05 10:32 | Report Abuse

Posted by Joel > Jun 4, 2014 04:11 PM

Hi Joel,
today seems SELLER/Vol > BUYER/Vol.... is advice from your uncle still HOLD?

935win

671 posts

Posted by 935win > 2014-06-05 11:09 | Report Abuse

Following a luncheon with management, we reaffirm our BUY rating on Eastern and Oriental Bhd (E&O) with an unchanged fair value of RM3.90/share – a 15% discount to our NAV of RM4.61/share, which includes our assumed land value of RM250psf for STP2. We have yet to impute development profits into our NAV model.

- We see a more balanced shareholding structure after the increase of Datuk Terry Tham’s stake in E&O. Datuk Terry recently announced that he would be acquiring a 10% stake from Sime Darby for RM2.90/share, raising his stake to 15%. Sime Darby’s stake would be reduced to 22%. Datuk Terry’s increased stake in E&O should demonstrate the management’s commitment in ensuring a smooth execution of STP2. This move would also promote greater alignment of interests between management and shareholders.

- Management reaffirms that the STP2’s master plan is expected to be endorsed by the Penang state government in June 2014. E&O is currently exploring funding options for the reclamation of STP2. Management alluded that there is little need for equity fund raising given E&O’s strong balance sheet – net gearing of 30% as at FY14 – and the strong development potential of STP2.

- Land was recently transacted at RM600psf-700psf in the Tanjung Tokong area. What is more important now is the establishment of a benchmark land price for STP2. At the moment, there is a range of imputed land values for STP2 in the market. In our NAV model, we have assumed RM250psf for STP2.

- We believe that E&O may carve out select parcels for commercial developments, which will be sold to reputable global/regional developers once it commences reclamation for STP2. Such a move will not only set a precedent in pricing land values in STP2 but also trigger significant NAV upgrades, we believe. This is a crucial share price driver.

- E&O is looking to step up prices for the remaining 250 terrace units at Avira. Phase 1 (208 units) achieved a 70% take-up at RM605psf during the special preview. Demand for Avira is expected to remain strong, including interest from Singapore given its strategic advantage as the first landed development within Medini.

- Princess House’s individual sales (20 units) are fully sold. E&O are still in negotiations for the en-bloc sales of 34 serviced apartment units.

- The stock is currently trading at a steep 41% discount to its NAV of RM4.61/share.

psd57

2,314 posts

Posted by psd57 > 2014-06-05 11:18 | Report Abuse

TP BY THREE LEADING BANKS : (i) CIMB (2 June 2014) Rm; 2.99 , (ii) RHB (3 June 2014) Rm 3.52; and (iii) AMBANK ( 5June 2014) Rm 3.90. Wow! First time I see 3 leading bank endorsements for a single stock within 4 days. THE NEXT ECOWORLD

Posted by mrbullocks > 2014-06-05 11:19 | Report Abuse

Satu kali makan abalone lunch sudah issue buy call ALAMAK!

psd57

2,314 posts

Posted by psd57 > 2014-06-05 11:27 | Report Abuse

BUY!!

Joel

4,580 posts

Posted by Joel > 2014-06-05 11:48 | Report Abuse

sorry, bro sis.
my uncle had adviced me not to say/ tell anything news related stocks market in forum begin today.

Good luck to u all.

Monsoon

33 posts

Posted by Monsoon > 2014-06-05 12:48 | Report Abuse

Ok Joel good just keep it to facts.....all your buy call all wrong for the other counters. Doesn't do much justice for your uncles capabilities......damnnnnn

dusti

2,404 posts

Posted by dusti > 2014-06-05 13:02 | Report Abuse

Spend a few minutes browsing around i3 investor you will find that E&O is the best bet in town. Also, believe Terry T is a brilliant investor and will not let you down. He has already told ALL that 2.90 is base camp..........so go ahead and bet the durian farm ! GOOD LUCK! Cheers!

Barbarian

939 posts

Posted by Barbarian > 2014-06-05 16:45 | Report Abuse

i think it will be waiting game again once filled up as is now. We are waiting for official confirmation

alphajack

3,685 posts

Posted by alphajack > 2014-06-05 21:27 | Report Abuse

Love this stock yummeh made some quick money here. Good stuff man. Those of you who are newbies just hold this for another year guarantee huat de

Barbarian

939 posts

Posted by Barbarian > 2014-06-06 09:31 | Report Abuse

Fill up ady and now got to wait......

Posted by Equityengineer > 2014-06-06 09:40 | Report Abuse

Fill up refers to what Info?

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