Posted by DreamGuardian > 2015-11-22 17:40 | Report Abuse

Penang is going back into Kedah rule. High time.

Posted by Loopy > 2015-11-22 18:25 | Report Abuse

Kakakaka....whoduit?

Posted by Loopy > 2015-11-22 18:26 | Report Abuse

Always cannot do well but take over those who made it happen. Bloody parasite. Kikikiki

Posted by Loopy > 2015-11-22 18:29 | Report Abuse

Kedah shud have taken Penang when Gerakan was in control. Lol

Posted by Loopy > 2015-11-22 18:30 | Report Abuse

If they did and Penang under Kedah, total investment 2008 to 2014 would have been 12B lmao

Posted by Loopy > 2015-11-22 18:30 | Report Abuse

Dap !!!

http://www.themalaysianinsider.com/malaysia/article/not-true-investors-leaving-says-penang-agency

Posted by Wondermama > 2015-11-23 10:12 | Report Abuse

Look like forming base and today will solidify the base if doesn't drop below 1.54

Posted by Wondermama > 2015-11-23 12:19 | Report Abuse

Just saw this.
http://www.theedgemarkets.com/my/article/eo’s-deep-value-rises-share-price-decline

Posted by EnO_TurboBlast > 2015-11-23 19:10 | Report Abuse

EPF bought anothe 894k on 18th

Posted by gray > 2015-11-23 19:15 | Report Abuse

DEEP value but tp only 1.8. How deep is that?

Posted by EnO_TurboBlast > 2015-11-23 20:31 | Report Abuse

Gray, think of it this way, If you hv a gold mine, sure of having gold, are you rich?
Yes, if you sell the gold mine
No, if you want to mine the gold yourself. This is because, you know the gold inside the mine is worth more than the 200% to 300% profit margins you can get now if you sell

Correct?

Now to mine the gold, they need a capital of Rm1.035B vs their annual earning expected at Rm173M which is 16% of the capital needed. They hv a few choices
1) Loan + payoff - by selling 88acres of 253acre for Ph2A and paying off the entire Phase loan
2) Loan + JV - to keep debt low at initial stage
3) without taking loan, sell their right alone - this being the rights of all the approvals given by state, federal, environmental, contractors etc. this would have been the easiest to get paid for the 4 yrs of work done since 2011

They hv obviously chosen 1) or 2) which is to mine the gold themselves and to either get a partner or partial sell whichever gives most advantage. To add on today's posted information says that Penang under DAP has doubled the investment to 48B (2008-2014) from 24B (2001-2007) same period. On top of that the first quarter 2015 is very encouraging.
This means the environment to mine the gold at this point is optimum where the infrastructure, the sustaining value is on the rise.

Posted by EnO_TurboBlast > 2015-11-23 20:43 | Report Abuse

The 1.8 TP is akin to saying you bought a house example wit loan 1.035M and your gross salary is 173K a year. (Same % if you consider 1.035B loan and 173M earning) while serving the house loan of 1.035, the value of the house appreciate say on 3rd year to 1.6M. You hv a choice to sell or continue. If you continue to serve the installment from the loan it is akin to the value of 1.8 TP, however if you choose to exercise and sell at 1.6M it is approx 60% gain. Translated to TP = 1.8 * 1.6 =2.88 or more

Posted by DreamCustodian > 2015-11-23 20:46 | Report Abuse

slow

Posted by mightymouses > 2015-11-23 21:13 | Report Abuse

Go EnO Go EnO.....

Posted by mightymouses > 2015-11-24 09:30 | Report Abuse

Action at 10am?

Posted by oldcable > 2015-11-24 14:12 | Report Abuse

Why did TAN SRI DATO' SERI ABD WAHAB BIN MASKAN of Sime Darby resign from the E&O Board on 18-Nov-15? Why did Sime Darby appoint an acting Divisional Director, Properties?
Who is the new replacement from Sime Darby?

Posted by mightymouses > 2015-11-24 14:40 | Report Abuse

Kakakaka....jeng jeng jeng. First question easy lor. Expired, retiring and not renewing. Second question hard ....

Posted by mightymouses > 2015-11-24 14:56 | Report Abuse

Wondermama is a superstar now. Glad you are here. Can tell direction now?

Posted by oldcable > 2015-11-24 15:01 | Report Abuse

TAN SRI DATO' SERI ABD WAHAB is the Managing Director of Property Division of Sime, why they have to appoint Dato' Ir Jauhari as Acting Managing Director?

Posted by mightymouses > 2015-11-24 15:03 | Report Abuse

Judging from the volume done past two weeks, they can easily do 1.60 today with 300k on seller board.

Posted by mightymouses > 2015-11-24 15:11 | Report Abuse

Looking at his profile, he is both a builder and project director. Oldcable, what are you suggesting?


Mr. Jauhari Hamidi has been Acting Managing Director of Property Division at Sime Darby Berhad since May 22, 2015. Mr. Hamidi served as an Executive Vice President of Energy and Utilities Division - Non-China Operations at Sime Darby Berhad since August 1, 2010. He also served as Executive Vice President of Energy & Utilities Non-China Operations at Sime Darby Engineering Sdn Bhd. He served as an Executive Vice President of Utilities Division at Sime Darby Berhad. He served as Managing Director and Divisional Director of Property Development Division at Sime UEP Properties Bhd from January 19, 2005 to November 11, 2007. He has served in various capacities since joining the Sime Group 30 years ago. He joined the Sime Darby Group as a Senior Engineer-Civil and Structure of Sime Engineering Sdn Bhd in 1983. At Sime Engineering, he also served as Chief Engineer of Miri Design Office, as well as Project Manager assigned to JGC Yokohama, Japan Project Office for six months and Deputy Field Engineering Manager of Melaka Refinery PSR-1 Project and served as its General Manager since 1994. In 1997, he moved to Sime Darby Berhad Malaysia Region as General Manager of Special Projects, and as Project Director responsible for setting up a composite manufacturing facility that eventually became Asian Composites Manufacturing Sdn Bhd. Mr. Hamidi served as General Manager of Engineering & Technical Services Division of Consolidated Plantations Bhd when he was transferred to the Plantations Division in 2000. He serves as a Director of Sime Darby Engineering Sdn Bhd. He served as Director of Oil & Gas, responsible for the oil and gas operations of Sime Uep Properties Bhd which include overseeing Sime Engineering Sdn Bhd, Sime SembCorp. Engineering Sdn Bhd and Mecomb Engineering Sdn Bhd. He has been Non-Independent Executive Director of Sime UEP Properties Bhd since February 10, 2005. He is registered professional engineer with the Board of Engineers Malaysia and a corporate member of the Institute of Engineers Malaysia. He has undergone the Directors-Training Programme in 2003 and Harvard Business School Senior Management Development Programme in August 2004. Mr. Hamidi holds a Bachelor of Science (Hons) degree in Civil and Structural Engineering from University College Cardiff, Wales, United Kingdom.

Posted by oldcable > 2015-11-24 15:29 | Report Abuse

No just curious! A company will normally appoint a Deputy MD, not an Acting MD to assist the MD!

Posted by mightymouses > 2015-11-24 15:44 | Report Abuse

I don't want to speculate but there was a write up in Kinibiz last year to group the whole property sector under GLC.

Posted by mightymouses > 2015-11-24 16:00 | Report Abuse

Nah one more to read of old story book.


http://cms-m.kinibiz.com/story/tigertalk/88270/sime-darby’s-strange-purchase-and-sale-of-eo.html

Posted by mightymouses > 2015-11-24 16:04 | Report Abuse

http://cms-m.kinibiz.com/story/tigertalk/89343/pnb-dawdles-over-sp-setia-succession-issue.html

Posted by oldcable > 2015-11-24 16:30 | Report Abuse

I am sure there are bloggers here who work for Sime...perhaps they can tell us why Tan Sri Abd Wahab resigned from E&O Board...or has any shareholders met Tan Sri Abd Wahad at the recent AGM? It will a great lost to E&O Board as Tan Sri is very experienced property man with good reputation!

Posted by mightymouses > 2015-11-24 17:28 | Report Abuse

More epf buy....5.45% holding.....good results?

Posted by Wondermama > 2015-11-25 00:15 | Report Abuse

As mentioned, must not fall below 1.54. Base should hv been formed. Today's trading to see if the 1.57 yesterday closing can sustain. 1.60 may hold key while below 1.54 maybe suggest repeating continuous trend.

Posted by mightymouses > 2015-11-25 08:20 | Report Abuse

Yea above 1.60 will fly

Posted by Rajuan_Singh > 2015-11-25 18:01 | Report Abuse

Rumor, just rumor....!!

The agreement of Terry Tham to buy at 2.90 from Sime while earlier selling to them at 2.30 was base on the understanding that as long as TT delivered the STP2 approvals and UK, the conglomerate which will be formed would take all private which include SP Setia, E&O and lead the charge to diversify in UK.

Posted by Rajuan_Singh > 2015-11-25 19:21 | Report Abuse

Mightymouses and Oldcable, you ask right question...why and who is Jauhari. Same story as the rumor????

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4931445

Posted by Rajuan_Singh > 2015-11-25 19:22 | Report Abuse

Today there is another buying announcement by EPF...GLC play with GLC??

Posted by DreamKshatriya > 2015-11-25 19:30 | Report Abuse

what TP

Posted by Loopy > 2015-11-27 09:50 | Report Abuse

Refer to EnO_Turboblast comment for TP. Tropicana also can fly.....Hahahaha E&O?

Posted by Loopy > 2015-11-27 13:26 | Report Abuse

Shy lor

Posted by Loopy > 2015-11-27 13:26 | Report Abuse

E&O very shy ....lol

Posted by cheated > 2015-11-27 13:29 | Report Abuse

Why IB with TP RM 2.60 cheat me?

Posted by Loopy > 2015-11-27 13:35 | Report Abuse

I think so now

Posted by Loopy > 2015-11-27 14:05 | Report Abuse

My mama says run below 1.54

Posted by Loopy > 2015-11-27 14:32 | Report Abuse

They monetize don't think can buy E&O leh..

http://www.thestar.com.my/Business/Business-News/2015/11/27/Simes-debt-plan/?style=biz

Posted by Loopy > 2015-11-27 14:41 | Report Abuse

Run lor

Posted by Wondermama > 2015-11-27 17:28 | Report Abuse

Border again. As mention a few doji will appear to express uncertainty. If you refer to the chart you will see that and E&O needs more announcement


Wondermama
Stock: [E&O]: EASTERN & ORIENTAL BHD
Nov 18, 2015 11:12 PM | Report Abuse

Believe the base is found. If prolong another week at the range 1.52-1.55 a few doji may appear again to express uncertainty. Judging from volume scaling up every few days, may be expectation of coming financial result

Posted by EnO_TurboBlast > 2015-11-27 20:47 | Report Abuse

Moving forward ....http://www.theedgemarkets.com/sg/node/245105
1. STP2 reclamation to start next month ie December
2. UK PLC - all document submitted - awaiting UK Listing Authority
3. RM635M new sales 6MFY2016 - already achieved
4.RM825M Unbilled as of Sept
5. New launches Tamarind 2 Penang, Avira Garden Terrace Medini Iskandar
6. 72% of 3years PAT target already achieved


All in place and ready for buy in

Posted by Always A. Beginner > 2015-11-28 22:50 | Report Abuse

hmmm..has the selling pressure subsided or is it just the "calm before the storm"? hmmm...

Posted by Loopy > 2015-11-29 05:42 | Report Abuse

Now raining season ..

Posted by DreamPravira > 2015-11-29 05:44 | Report Abuse

slow

Posted by Traffic_jam > 2015-11-29 09:31 | Report Abuse

Lim Guan Eng please resign and go back to Melaka. We Penangites don't want more traffic jams.

Posted by HakChai > 2015-11-29 09:42 | Report Abuse

kakaka LGE/DAP achieve double of investment of what Gerakan did in 6 years. You sure you are fr Penang???

Posted by HakChai > 2015-11-29 09:42 | Report Abuse

maybe a Kedah lang wannabe

Posted by Loopy > 2015-11-29 21:55 | Report Abuse

Bye bye. I go Mieco. Come join me there