The boss is taking too long to announce STP2. But market believe all the good news is coming this mth. But investors got to pay the price for holding this stock due to lack of announcement
Terry Tham is a useless guy LTH also sell. DEIA done so long, approval given by state also so long ago, PDP & PTMP contact tender also out, But E&O still cannot. Useless MD no wonder Sime sell
Look at the mall in Straights Quay. Till now the occupancy rate is so low, and it seems like the management is sleeping on their job. Why can't they offer cheaper rental rates to attract good tenant rather than leaving it empty? I know few retailer who approach the mall previously and was quoted the same rate as Gurney Plaza! Ridiculous!
EBT up, EBIT up, Earning after tax up, thru land bank sale however Revenue down. Two quarter land bank sale tie in on the revenue recognition delay which i am very sure will come in on 2nd Q results with its current high unbilled. Worth noting is STP2 is in final stages. As mention earlier Aug and Sept will be month of revelation. Expectation will go from dividend to STP2 to completing UK Plc. Having the current current exchange of MYR vs SGD at 2.99, GK Goh is having a feast on this stock.
So far Result revealed, Dividen revealed, unbilled revealed, projects progress revealed, UK PLC inching nearer, STP2 in final discusssion. It will be by Sept
X Gregorian Month of Aug/Sep maybe a month of revelation for EnO. 19/08/2015 11:07
Sime recent financial result is not encouraging. They are also down to 22% holding of E&O. They hv to decide to go with or abandon E&O but they hv to do it fast. GK Clan hv leverage on SGD and may strike a step earlier
Gregorian hor you seem to know a lot on E&O hor. Personally I don't see much but my partner hor also a big time E&O fan and Penang lang. He also collecting a lot. Mind sharing your point of view since I also hear hor fr my partner.
Yesterday saw a 4Million Volume transacted. If GK didn't buy it, it would be general consensus of likely insider news general buying since volume was not high today. if Gk buys they are collecting only. Otherwise if general buying due to insider, this will be the catalyst. Check Bursa announcement and decide
Potential PN17 with RM 1.2billion debts. EASTERN & ORIENTAL BERHAD (555-K) FOR THE FINANCIAL QUARTER ENDED 30 JUNE 2015 B. Explanatory Notes required by the Bursa Malaysia's Listing Requirements (cont'd) 9. Group Borrowings a) The Group borrowings were as follows:- As at 30.06.2015 RM'000 Short Term - Secured 2 34,542 Long Term - Secured 1 ,092,413 b) All the borrowings above were denominated in Ringgit Malaysia, except for the following:- Short Term - Secured Denominated in Pound Sterling (£'000) 2 0,000 Long Term - Secured Denominated in Pound Sterling (£'000) 5 6,000
SGD to MYR = 3.02 from earlier 2.6X 6mths earlier. Avg Singapore HDB already SGD700k. With the Malaysian govt requirement of RM2M purchase for Foreign home ownership, SGD for RM2M is only SDG660k at present exchange! In addition GK Goh as pointed out will be buying value @ this exchange rate. While many laugh that Sime sold their stake, it was a strategy to regroup their property segment that didn't go right because GK is closer to MGO than Sime.
Once pushed up after STP2 approval which is back to back with the PDP and PTMP already awarded by Penang state govt, the price will be above rm2.00. GK Goh strategy will pay off while UK PLC company is already registered, just awaiting transfer of asset, the gearing for E&O will be reduced to 0.3.
With Tamarind recent new phase and 90% on previous opening phase take up at the back of RM908m unbilled, UK PLC will bring down gearing to 0.3 while STP2 will provide continuation. This does not include their other endeavor in Iskandar with Khazanah and Temasek, and also their other land in City of Elmina.
This maybe the last approved reclamation and there is no more land on island anymore apart fr the 20 yrs STP2 project. The stake will be high as transportation will improve in the island and being last chance to own a property there. That's why there were 3,000 recorded interest in the latest tamarind phase while 90% take up in previous launch. Good to note previous interest registered prior to the 90% take up was below the 3000 shown this round
Hv a look at the immediate buyer volume queuing to buy at 1Million volume
HakChai Game face ON. Sime adding for position. Maybe a little too late. Gregorian may be right in his earlier statement. 04/09/2015 19:25 X HakChai Come Monday we will know 04/09/2015 19:29
Lol.....hope you are right but I believe it will try for 186/1.87 again and breakout fr there whether can do it in 1 try
EnO_Turbo Once pushed up after STP2 approval which is back to back with the PDP and PTMP already awarded by Penang state govt, the price will be above rm2.00. GK Goh strategy will pay off while UK PLC company is already registered, just awaiting transfer of asset, the gearing for E&O will be reduced to 0.3. 07/09/2015 09:41
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TropicanaIsDead
27 posts
Posted by TropicanaIsDead > 2015-08-04 20:59 | Report Abuse
E&O will become like Tropicana lor under Terry Tham sure die die one