Posted by Gregorian > 2015-10-24 22:17 | Report Abuse

I must hv missed the post by Rockford. Even base on 51% it is approx RM2b just for phase2A. So yes it is very deeply valued that's why Amresearch was very gung-ho when they valued it at RM9.47 whereas the calculation range showed RM8.22 to RM10 is very real. Even if lower range ie RM8.22 was used and applied 60% discount, the value would have been RM3.30 very close to the RM3.50 calculated by EnO_Turboblast and the mention July16 2014 RM3.18.
The only difference being this time it will be completed with the tender award and the UK solution. For understanding of general, UK Properties will hv UK PLC having 100% control on each Loxley and Hammersmith Properties while Hammersmith Properties will hv Hammersmith Development under it flagship.

Posted by Sunkist118 > 2015-10-24 22:45 | Report Abuse

Wah Wah Wah......

Posted by Wondermama > 2015-10-25 21:15 | Report Abuse

Tomorrow will test the 1.64/1.65, if go straight to 1.68 may attempt breakout after

Posted by Wondermama > 2015-10-25 22:11 | Report Abuse

If current trending is anything to go by, 3 out of 10 top trending in i3 is in property sector with no 1 Paramon, 3 A&M and 9 UEMS.

Posted by Rajuan_Singh > 2015-10-26 09:59 | Report Abuse

Just buy...

Posted by Rajuan_Singh > 2015-10-26 13:43 | Report Abuse

GO GO E&O, MahSing, Titijaya

http://www.thestar.com.my/Business/Business-News/2015/10/26/AmResearch-top-picks-for-Budget-2016-beneficiaries/?style=biz

Posted by Wondermama > 2015-10-26 14:07 | Report Abuse

Will it be a breakout at 1.64 or breakdown at 1.59? At this point I am betting more on a breakout due to the positive development coming up however if breakdown may see it going down to 1.57

Posted by Hiro > 2015-10-26 14:24 | Report Abuse

now hv to wait for the two big announcement

Posted by Rajuan_Singh > 2015-10-26 16:36 | Report Abuse

Wondermama, accurately at 1.57. Below 1.57 how ? Pls share..


Wondermama Will it be a breakout at 1.64 or breakdown at 1.59? At this point I am betting more on a breakout due to the positive development coming up however if breakdown may see it going down to 1.57
26/10/2015 14:07

Posted by Wondermama > 2015-10-26 16:46 | Report Abuse

If below 1.57 I will collect a bit and wait for announcement.

Posted by Wondermama > 2015-10-26 16:50 | Report Abuse

Next drop after 1.57 is 1.55 after which maybe a free fall however I don't see any reason for it to fall further unless something serious happens.

Posted by labu83 > 2015-10-26 20:14 | Report Abuse

Must down 1st n goreng again,

Posted by Wondermama > 2015-10-27 10:39 | Report Abuse

Many doji appearing. Means indecisive at the moment. Ball is in E&O management side as the precarious doji shows exactly that the investors are awaiting the announcement

Posted by Hiro > 2015-10-27 16:42 | Report Abuse

Wondermama, the payment for dividen is thru buy back which ended on ex date and today is payment day actually. So my question is if buy back is done at lower price earlier to pay the investors it should start moving up ?

Posted by mr_hustla > 2015-10-27 20:15 | Report Abuse

guys, what does this announcement means?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4903845

Posted by Parkson > 2015-10-27 20:19 | Report Abuse

E&O has to compete with Prima to sell houses. Budget 2016 has nothing cooling measure for property sector.

Posted by Wondermama > 2015-10-27 20:26 | Report Abuse

Those treasury buy back does not add new shares when given back as dividen. The management would hv bought back cheap to distribute.

Posted by EnO_TurboBlast > 2015-10-27 22:02 | Report Abuse

Few reason to Buy E&O - SUMMARY
1. Today closing volume @encouraging 1.356 Million transaction w 608k queuing to buy at 1.56 with buyrate at 80+% 8minutes from closing
2. Buy back treasury for dividen payout completed, distributed and should go up tomorrow onwards
3. Last 1 week - High buy rate but price remain suggest collection in progress
4. STP2 announcement anytime now which will add the deep value and RNAV of E&O and more options to move forward (JV, sell, develop, ...) With valued Ph2A at RM3.9b. This does not include Ph2B and 2C
5. UK PLC will ensure debt ratio is reduce to 0.38 (fr 0.6) while contributing 30% to parent. Listing on AIMS will happen by year end 2015. Noting that Loxley and Hammersmith Property will be 100% owned by E&O PLC
6. Target earning for 2015/2016 remain unchanged at 173Million and overall 3 year target at 450Million still on track. Noting that E&O has in last 10 years achieved 9/10 of the target earning.
7. With low debt, high RNAV, with earning on target and past earning target achievement, E&O valued at between RM8 to RM10 per share upon the STP2 tender award (expected within this 1month -anytime now to November end), will be at steep discount 80.5%.. Even at TP2.60 (Public Bank call) it will be at 67% discount from it actual value.

Posted by Sunkist118 > 2015-10-28 09:02 | Report Abuse

Wah Wah Wah.....Sui Sui hor

Posted by Wondermama > 2015-10-28 10:37 | Report Abuse

As mention if breach 1.57 will drop to 1.55. I am expecting movement north today. Failure to move up today may cause down spiral tomorrow due to prolong failure to support

X
Wondermama Next drop after 1.57 is 1.55 after which maybe a free fall however I don't see any reason for it to fall further unless something serious happens.
26/10/2015 16:50

Posted by Rajuan_Singh > 2015-10-28 14:51 | Report Abuse

There is support at 1.55 let see if got spring board.

Posted by Wondermama > 2015-10-28 16:21 | Report Abuse

If everyday the support is at 1.55 with high volume buy queue, what it means is basically it will form a very strong support over time when and if the price goes up this will be the base.

Posted by Wondermama > 2015-10-28 16:22 | Report Abuse

This will happen if volume goes up but buyrate stays low

Posted by Rajuan_Singh > 2015-10-28 16:43 | Report Abuse

Thanks Wondermamama. Wow did you all see the 1.55 queue ?? The 1.55 ppl just queue and open their mouth for whoever want to sell and it got done. Ironic. They are big players gulping 300k shares. Something up??

Posted by Rajuan_Singh > 2015-10-28 18:49 | Report Abuse

Hahahaha....sudah Mari....announcement as all anticipated!!!!


OTHERS EASTERN & ORIENTAL BERHAD ("E&O" or "COMPANY") AWARD OF LAND RECLAMATION CONTRACT TO CHINA COMMUNICATIONS CONSTRUCTION COMPANY (M) SDN BHD ("CCCC(M)") FOR SERI TANJUNG PINANG PHASE 2

EASTERN & ORIENTAL BERHAD

Type Announcement
Subject OTHERS
Description EASTERN & ORIENTAL BERHAD ("E&O" or "COMPANY")
AWARD OF LAND RECLAMATION CONTRACT TO CHINA COMMUNICATIONS CONSTRUCTION COMPANY (M) SDN BHD ("CCCC(M)") FOR SERI TANJUNG PINANG PHASE 2
We refer to the announcements dated 12 April 2011, 14 April 2014, 10 June 2014 and 8 December 2014 in relation to Seri Tanjung Pinang Phase 2.

The Board of Directors of E&O is pleased to further announce that Tanjung Pinang Development Sdn Bhd (“TPD”), a subsidiary of E&O, had on 28 October 2015 issued a letter of award (“LOA”) to CCCC(M), a wholly owned Malaysian subsidiary of China Communications Construction Company Limited, to undertake the land reclamation works for Seri Tanjung Pinang Phase 2.

The LOA serves primarily as an acceptance of the tender to reclaim Phase 2A of Seri Tanjung Pinang Phase 2, an area of approximately 384 acres (inclusive of the 131 acres Gurney Drive foreshore) (“Package 1”) for a contract sum of approximately RM1.035 billion. The prescribed period to complete reclamation works under Package 1 shall be approximately 30 months from the formal acceptance of the LOA by CCCC(M).

The LOA also includes the conditional award for the proposed land reclamation works for the remainder of Seri Tanjung Pinang Phase 2, made up of Phase 2B and Phase 2C covering an area of approximately 507 acres (“Package 2”). The contract sum for Package 2 is approximately RM1.285 billion subject to adjustments arising from fluctuations in exchange rate and the price of fuel, and changes in cost if applicable. The award of Package 2 shall be strictly conditional upon the approvals of the board of directors of TPD and E&O and of the relevant regulatory authority on the scheduling of works.

Following on from the previous announcements on approvals in hand, and now with the award, physical works in regards to Seri Tanjung Pinang Phase 2 will commence in the near future.

This announcement is dated 28 October 2015.

Posted by Rajuan_Singh > 2015-10-28 19:23 | Report Abuse

Ks55, read EnO_Turboblast point no 4 on Options

Posted by TengkuFaisal > 2015-10-28 19:27 | Report Abuse

Eat & Or...
I dont like the name.

Eatwin ewein sounds better.

Same place same product but one is eat n shhit. Another eat n win.
Make your choice.

Posted by EnO_TurboBlast > 2015-10-28 19:36 | Report Abuse

Thank you Rajuan_Singh. Read the announcement started way back in 2011 and finally....finally!!!!!!

Posted by EnO_TurboBlast > 2015-10-28 19:36 | Report Abuse

Terry Tham kept his promise of inshallah 4weeks and tomorrow is exactly 4weeks. I love you Terry!!!,

Posted by HakChai > 2015-10-28 19:57 | Report Abuse

Congrats on tender award. It is certainly good news. Have to see how market react tomorrow.

Posted by PakChuiCheng > 2015-10-28 20:03 | Report Abuse

Hahahahaha after so so so long. Happy for everyone. Take note E&O has got all the approval and can start reclamation ...

Posted by PakChuiCheng > 2015-10-28 20:10 | Report Abuse

Gregorian delivered again.

Stock: [E&O]: EASTERN & ORIENTAL BHD
Oct 7, 2015 07:42 AM | Report Abuse

There will be another revelation either late Oct or November. E&O has amongst the most foreign channels for marketing in Singapore, Japan, UK and Taiwan. That's why they are confident of 173M. The difference between E&O and other high end, is lifestyle.

Posted by Eatenbyshark > 2015-10-28 20:36 | Report Abuse

price will surge tmr?

Posted by Hiro > 2015-10-28 21:13 | Report Abuse

RM2.60?

Posted by Hiro > 2015-10-28 21:14 | Report Abuse

TP1 RM2.60 TP2 RM3.50

Posted by EnO_TurboBlast > 2015-10-28 22:25 | Report Abuse

Commencement of reclamation by end of this year

Posted by EnO_TurboBlast > 2015-10-28 22:32 | Report Abuse

Base on the report, the Phase2A + Gurney Foreshore = Package 1= 253+131 =384 with cost RM1.035B

During the EGM it was mentioned that the cost would roughly be 150psf reclamation and the delay then for the award was due to fuel cost and construction cost adjustment which was downwards.

When I use the 150psf to calculate, I got RM2.51B
=1.673e+7*150 (where 1.673e sq feet conversion from 384 acres)
= RM 2.51B
This means they got additional substantial reduction from the expected 150psf reclamation cost


http://www.theedgemarkets.com/my/article/china-firm-bags-rm232b-stp2-reclamation-job-penang-0

Posted by donfollowblindly > 2015-10-28 22:35 | Report Abuse

Sell and run is better. This STP2 has been talk for so many years. Before earning any money have to come out a lot of money first(RM 2.6 billion).

Posted by donfollowblindly > 2015-10-28 22:37 | Report Abuse

Even TP RM 2.60 is not new. Why keep dropping past few months from above RM 2?

Posted by donfollowblindly > 2015-10-28 22:38 | Report Abuse

E&O already heavy indebted. Expect debt to swell further with latest announcement.

Posted by donfollowblindly > 2015-10-28 22:41 | Report Abuse

E&O already heavy indebted. Expect debt to swell further with latest announcement.

Posted by EnO_TurboBlast > 2015-10-28 22:42 | Report Abuse

The drop was due to UK foray 3rd buy where debt ratio increased to 0.6 while STP2 was not awarded then. With UK Plc expected next month the debt ratio reduce to 0.38 or lower, it will retrace back to RM3 above. But for now TP1 first RM2.60

Posted by Parkson > 2015-10-28 22:46 | Report Abuse

Better sell and switch to cheaper but cash rich Parkson.

Posted by EnO_TurboBlast > 2015-10-28 22:47 | Report Abuse

Do your homework on the warrant purpose, and then study the RM3.18 on July 16 2014 against the analyst comment on debt followed by STP2 value with and without development, GDC and GDV and other options.

Posted by EnO_TurboBlast > 2015-10-28 22:56 | Report Abuse

Once E&O UK PLC complete, and the option for package 1 identified (JV or Sell right or ...) it will be definitely in the RM3 region or higher. As of now, just the DEIA approval, State Govt approval, fed govt approval, reclamation start approval and reclamation tender awarded with a low cost alone is already worth a billion and the low price at RM1.56 maybe a take over possibility

Posted by EnO_TurboBlast > 2015-10-28 23:03 | Report Abuse

If Sime buys over, it cannot be lower than 2.90 it sold to TT earlier because none of the approval were completed during the SnP then

Posted by Rajuan_Singh > 2015-10-28 23:09 | Report Abuse

Bro I think your points on takeover is very true and logical. For one, Sime as a GLC would hv trouble obtaining Penang State Govt Approval if they bought over E&O too early as LGE is PRO Penang homegrown developers.

Posted by Rajuan_Singh > 2015-10-28 23:16 | Report Abuse

But let us focus on the value that E&O bring to the table first. STP1 Tamarind 1 was a huge success while Tamarind 2 has registered interest. E&O will also bring to the table, their foreign marketing to Singapore, Taiwan, Japan, UK, . And their UK properties once listed on AIMS can taken private with additional 3% for MGO when times are better

Posted by zbaikitree2 > 2015-10-28 23:25 | Report Abuse

zzzzzzzzz.....

sorhai counter.

Posted by Wondermama > 2015-10-29 08:55 | Report Abuse

Very very good news indeed. Now that the first announcement is out of the way, the valuation starts. This is the one that will determine their asset holding value.

X
Wondermama Many doji appearing. Means indecisive at the moment. Ball is in E&O management side as the precarious doji shows exactly that the investors are awaiting the announcement
27/10/2015 10:39