Posted by samsung555 > 2014-05-30 10:32 | Report Abuse

This stock is definitely not for contra players as past trends show that buyers are not many. There seems to be some very patient collection at lower prices.

Posted by Barbarian > 2014-05-30 11:53 | Report Abuse

if stay above 2.52 is good news

Posted by Barbarian > 2014-05-30 11:55 | Report Abuse

go go 2.89

Posted by rchi > 2014-05-30 13:01 | Report Abuse

http://www.theedgemalaysia.com/highlights/292223-tham-says-gave-much-thought-to-eao-buyback-hl.html

Posted by Barbarian > 2014-05-30 13:43 | Report Abuse

Wow so many justification by Terry and this one from Thestar. I would really like to see if the long haul claim from the horses mouth against Saturn short haul claim and who is correct.

http://www.thestar.com.my/Business/Business-News/2014/05/30/Terry-Tham-says-he-is-in-EO-for-the-long-haul/

Posted by Barbarian > 2014-05-30 13:51 | Report Abuse

I think I&P will sapu all and Sime is just getting their money back paid in premium before the offer and treating the three years ago transaction as a business which they made 60cents times 110 Milliion shares equal to RM66. Million profit over 3 years.

Posted by Barbarian > 2014-05-30 13:54 | Report Abuse

And now they will show a gain of additional RM 66. Million for their closing June coming August result as guaranteed and push up their own shares and The take over will have to pay premium for Sime Properties as well.

Posted by Joel > 2014-05-30 15:24 | Report Abuse

STP2 is well on track.

E&O is now awaiting Penang state
government’s endorsement for STP2 land use master plan which was
submitted on 21 Apr 2014.

Reclamation works for phase 2A involving
384 acres (131 acres Gurney Drive foreshore for state gov) could
begin by 4QCY14/early CY15. Assuming RM150psf reclamation cost,

it could cost RM2.5bn, and we understand that E&O is in the midst of
exploring various financing schemes. We estimate that STP2 land
bank valuation will comprise 36% (RM1.60/share) of our RNAV.

( Result Snapshot
Eastern & Oriental 29.05.2014 ))

Posted by Joel > 2014-05-30 15:26 | Report Abuse

Stellar 4QFY14
• 4QFY14 result beat expectations
• RM900m unbilled sales to underpin near-term visibility
• 3 sen first and final DPS declared
• Maintain Buy with RM3.10 TP

Posted by Joel > 2014-05-30 15:27 | Report Abuse

Highlights

Strong 4QFY14. Excluding RM5.7m exceptional gains, E&O reported
4QFY14 core profit of RM44.9m, taking FY14 core earnings to
RM82.8m.

The stronger-than-expected 4Q was largely due to the
progressive billings of its on-going projects (The Mews, Andaman
Tower 1 & 2) as property development EBIT surged by 177% q-o-q
and 35% y-o-y to RM90.1m.

Posted by Joel > 2014-05-30 15:27 | Report Abuse

Revamping F&B business.

Had it not been for the RM21.5m
operating loss from the hospitality segment, E&O would have capped
a much stronger result.

Provisions and restructuring cost have been
charged during the quarter as E&O downsized the Delicious Group
operations which could suggest better performance going forward.

Posted by Joel > 2014-05-30 15:29 | Report Abuse

Strong earnings visibility.
1. Unbilled sales stand at RM900m
(2.4x FY14 property revenue) as at Mar14 which will underpin its near-term
earnings visibility.

2. E&O has targeted RM1.2bn sales for FY15
(vs RM730m achieved in FY14), of which Avira@Medini and Andaman
condos@STP1 will account for 40% and 32%, respectively.

3.
Understand that 1st phase for 208 units of Avira terraces
(~RM1.3/unit) have been 70% taken up which will pave the way for
subsequent launches. Meanwhile, Andaman 18 East (RM600m
GDV@RM1,500psf) is likely to see robust sales given its prime seafronting
location within STP1.

Posted by Joel > 2014-05-30 15:30 | Report Abuse

Recommendation

Maintain Buy and RM3.10 TP based on 30% discount to our
RM4.40 RNAV.

While the management remains committed to it 3-
year cumulative profit target of RM450m over FY14-16,

Believe
that the relatively weaker sentiment may pose a challenge to the
target.

Nevertheless, we remain sanguine of its long-term prospects
underlined by its quality land bank (Medini and STP) and strong brand
name.

Posted by Barbarian > 2014-05-30 16:55 | Report Abuse

Oppps below 2.52 ady ....still not stable

Posted by leo218 > 2014-05-30 18:14 | Report Abuse

Everyday also up meh...correction time ahead. Hold tight yr eo..

Posted by Joel > 2014-05-30 22:33 | Report Abuse

E&O IS IN THE LIST OF LATEST SYARIAH MAY 2014.

I think will conti ue to the North by Monday eventhough is slow but steady.

Posted by tjhldg > 2014-05-31 01:48 | Report Abuse

kikikiiii ... 2.80 soon

Posted by Barbarian > 2014-05-31 09:33 | Report Abuse

After this a lot will look for EnO to partner

Posted by Barbarian > 2014-05-31 09:56 | Report Abuse

According to the analysis experts in the industry and one who knows Terry, says for him to play this at 61 years old to gamble RM319 Million ( One Third of a Billion) he must have an upside of at least 30% to take that kind of risk as a seasoned businessman. That's how the TP RM3.90 was worked out.

Posted by Barbarian > 2014-05-31 10:16 | Report Abuse

First Exchange Sime bought when price was 1.45 they bought bulk at 2.30 ie 85cents premium - 60%
Second Exchange Terry bought at RM 2.90 when he sold at RM2.30 ie 60cents premium
- 26%
Third Exhange will happen after the STP 2 work starts, anytime after January 2015. With the current PE standing at 20.55 (approx) upon the go ahead and re-value, it should go below 10 pending on the price then. Even at RM3 the PE is already below 10 on technical scale.

Posted by Barbarian > 2014-05-31 10:34 | Report Abuse

The above information was related by an analyst fren. The figure of RM319 Million is from 110 Million Shares times RM2.90/shrs. If I tie back to information provided by Saturn being that it will be a short haul rather than a long haul as mentioned by Terry himself (short haul = 1 year or so) The reason is because the interest on RM 319Million if left in the bank assuming 3.15% per annul would have been RM10Million Terry will lose each year it stays below RM2.90.
So if it takes even 2 years to wait for above RM3, Terry will lose interest payment of RM 20. Million. I believe Saturn's short haul should be right and my other analyst fren also got a good point

Posted by Joel > 2014-05-31 21:32 | Report Abuse

Rem DAIMAN this stock ?
few months ago, the price stand at below rm3.00,
but 3 weeks ago, Daiman hit 3 times to the higher price
to rm3.50 above. Ofcos now have some correction price.

1.E&O this stock as good as Daiman.
2.Penang state gov soon wil approve the STP1 project bcos of Demand in property in Penang.
3. Population increased in penang.
4. FDI increased, jobs had bern created, demand of properties increase as well.

Posted by Joel > 2014-05-31 21:34 | Report Abuse

If not approval the STP1, Penang property price will become more
expensive.

Posted by Barbarian > 2014-05-31 21:52 | Report Abuse

Joel they are approving Stp2

Posted by Joel > 2014-06-01 08:32 | Report Abuse

Sorry, typing error. STP2

Posted by samsung555 > 2014-06-01 10:22 | Report Abuse

should be good to collect on weakness of E&O...late will be regret....

Posted by Barbarian > 2014-06-01 10:40 | Report Abuse

Hehehe samsung.....yeah miss bus must wait ....

Posted by Joel > 2014-06-01 13:29 | Report Abuse

Teery Tham might have co-operation with some others shareholders to buy back E&O's share

in future or very short-term.

It to avoid Simedarby to continue to control E&O.

Posted by ktan > 2014-06-01 18:34 | Report Abuse

ceo buying back nearly 10 % of issued capital @ 2.9,seems like a no brainer this stock will rise,DOE assessment positive means federal also approve STP2...Penang govt also got a good deal as they are being given more than a hundred acres for free....everyone wins..only some fishes and marine lives lost.

Posted by Joel > 2014-06-01 19:25 | Report Abuse

Do u all think ceo ( Terry Tham) will let the price run below Rm2.90?
If so, u are incorrect here.
in June 2014, E&O price will exceed rm2.90 for sure!

Posted by ktan > 2014-06-01 19:30 | Report Abuse

joel,you misinterpret my msg,i mean the real fishes,the ones swimming in the ocean..lol.

Posted by Barbarian > 2014-06-01 19:30 | Report Abuse

:)

Posted by ktan > 2014-06-01 19:30 | Report Abuse

the real fishes lost cos of environmental impact mah.

Posted by Joel > 2014-06-01 19:47 | Report Abuse

Eh, ktan, I cant get what u mean here?
One point here is that If I am Terry Tham or others small
shareholders , I will collect E&O share below rm2.90 as fast as,
as much as I can begin June 2014.

Posted by ktan > 2014-06-01 19:57 | Report Abuse

joel,simply put..beli sekarang memang betul lah....cheers !

Posted by kaliaoki > 2014-06-01 20:01 | Report Abuse

Ceo will benefit not only share price up but .... More important

Posted by SaturnY > 2014-06-02 00:26 | Report Abuse

The answer is simple....if you already have a house would you rent your second and third house and continue to buy your fourth at a lower price while waiting for your second and third hse to appreciate in value?

The analogy is simple, Terry has already secured the 10% from Sime, meaning, he only has to find a way to pay for the shrs. It would be Lu Lu of Terry to take all the shares and pay with self funding because he can get it cheaper from the market at this point. On avg day E&0 can do 1 Million shares easily with queue potential of up to 3 to 4 Million if buyers are willing to commit to sellers price. So if Terry commit to sellers price daily, he can do 10 Million shares every 3 days making up almost 10% of the offered 110 Million shrs. Of course he cannot do it consequetively otherwise the share price will shoot beyond the 2.90 too early. Technically if he continues to buy daily, he will achieve his 110 Million shares over 40 trading days.

I think you get my drift. Hence the 110Million shares offered as buy back to Terry may really only interest him partially similar to the example I shared on hse rental whereby he would buy in from market between now till it's 2.90 and take a portion of the 110 Million shrs offered only, while the balance can be shared with partners. He will do his math early (anyway he graduated with actuarial science and his math SHLD be good) while he buy thru market and rile up the share price.....

If I assume a delay of starting the reclamation to Feb/Mar 2015from the targeted January, the should have a beautiful figure running up from approval to reclamation start date. I have already mentioned my TP and the run up will be interesting

Posted by tjhldg > 2014-06-02 00:32 | Report Abuse

cheersssssss saturn .. reban sini mau become pasar malam liau ... think the time will come soon for tj lah ... kikikiiiiiii

Posted by leo218 > 2014-06-02 09:43 | Report Abuse

Once alot monkeys is on the tree ........

Posted by Barbarian > 2014-06-02 11:00 | Report Abuse

Likely price to drop in the evening before closing if Saturn is correct not to rile up the price

Posted by samsung555 > 2014-06-02 11:09 | Report Abuse

http://www.theedgemalaysia.com/business-news/292435-cimb-research-raises-eao-target-price-to-rm299-on-positive-outlook-.html

Posted by htyeap125 > 2014-06-02 11:10 | Report Abuse

Chart wise, a rounding bottom is now formed, if previous high of 2.61 can be taken out with volume, then it should fly......

Posted by Barbarian > 2014-06-02 13:01 | Report Abuse

Also if it stays above 2.52 should have more upside.

Posted by Joel > 2014-06-02 13:31 | Report Abuse

Maybe second round 2;30 pm today will up to rm2.60 above.

Posted by Joel > 2014-06-02 13:35 | Report Abuse

MD raises stake in E&O

We met E&O’s management to seek clarification on Sime Darby’s Wednesday
announcement that it had sold a 9.9% stake in E&O to Datuk Terry Tham for
RM319m cash.

We view this vote of confidence by Datuk Terry positively, as
the purchase price is at a 22% premium to E&O’s Wednesday closing price.
The strong commitment shown could help accelerate the approval process for
Seri Tanjung Pinang Phase 2 (STP2), which should catalyse E&O’s share price
further.

We make no changes to our EPS, Add rating or target basis (30%
discount to RNAV), though we raise our target price after lifting RNAV by 9%
to RM4.28 to factor in an imminent start to STP2 reclamation work.

Posted by Joel > 2014-06-02 13:35 | Report Abuse

We met E&O's Deputy MD, Mr Eric Chan, yesterday to seek clarification on a
recent announcement that MD Datuk Terry had acquired 110m shares for a
9.9% stake in E&O from Sime Darby at RM2.90/share. The reasons for Datuk
Terry’s purchase were:

1. His 3-year MD contract will expire in Aug and there were discussions with
Sime on whether he would take a bigger/smaller role when that happens.

2. After selling out three years ago, Datuk Terry realised that E&O is still very
much undervalued and provides the best platform to embark on big projects.

3. Datuk Terry intends to rope in E&O’s management to participate in the 10%
stake and will structure it in such a way as to make it attractive to management,
with a view to gaining its commitment to the company’s long-term growth.

Posted by Joel > 2014-06-02 13:36 | Report Abuse

We view the acquisition and likely senior-management participation positively,
as it shows strong conviction in and commitment to E&O.

Also, with Datuk
Terry's higher stake in the company, the Penang government should draw
greater comfort that the landmark STP2 project will be carried out with E&O’s
management fully on board and hopefully approve the project's master plan
sooner.

Also, to justify the premium he paid, Datuk Terry will be spending
more time in Malaysia and is likely to drive the group harder.
What You Should Do

Continue to accumulate E&O, with this 9.9% stake purchase and positive
newsflow on the STP2 project as key catalysts.

Posted by Barbarian > 2014-06-02 14:49 | Report Abuse

i will be happy if stay above 2.52 for next 2 days

Posted by Joel > 2014-06-02 15:28 | Report Abuse

Is up a bit, steady and rise up slowly.

Posted by Joel > 2014-06-02 20:32 | Report Abuse

http://biz.sinchew.com.my/node/96152