Posted by RandyRoe > 2016-03-15 10:59 | Report Abuse

jlh14, if confident can go RM2 why cannot share info. Answer: Dunno lor

Posted by RandyRoe > 2016-03-15 11:00 | Report Abuse

Old news is it?

Posted by RandyRoe > 2016-03-15 11:01 | Report Abuse

dont par dig old info shared by good forumers and say its a new and tag RM2 to it

Posted by jlh14 > 2016-03-15 11:03 | Report Abuse

TP is 2.00 and the news will be out within 2 months. Mark my words. Ill be back RandyRoe! ;)

Posted by RandyRoe > 2016-03-15 11:04 | Report Abuse

Hahahaha caught again. What news that is confirm needs 2 mths to announce.

Posted by RandyRoe > 2016-03-15 11:05 | Report Abuse

for me to laugh later

jlh14 TP is 2.00 and the news will be out within 2 months. Mark my words. Ill be back RandyRoe! ;)
15/03/2016 11:03

Posted by RandyRoe > 2016-03-15 11:07 | Report Abuse

Hahahaha caught again. What news that is confirm needs 2 mths to announce.

Posted by jlh14 > 2016-03-15 11:07 | Report Abuse

lol you'll probably laugh later (w/ sad tears) and i'll be laughing my way to the bank :D

RandyRoe for me to laugh later

jlh14 TP is 2.00 and the news will be out within 2 months. Mark my words. Ill be back RandyRoe! ;)
15/03/2016 11:03

Posted by RandyRoe > 2016-03-15 11:10 | Report Abuse

halo, ppls here dun follow u lar. we have a few proper sifu. you come when share fly and say got news and TP 2 but cannot share further info. Better still news must wait 2 mths. Wah like that any news also news lor

Posted by RandyRoe > 2016-03-15 14:15 | Report Abuse

I laugh at jlh14 for sharing a news supposedly confirm but have to wait 2 mths before announcement. Sure boh you know what you talking??????

Posted by HakchaiImmortal > 2016-03-15 14:54 | Report Abuse

Cannot pass 1.78 today.

Posted by Red_Hong_Bao > 2016-03-15 14:59 | Report Abuse

heating up heating up!! Fly fly

Posted by Red_Hong_Bao > 2016-03-15 15:08 | Report Abuse

Wah neck to neck with Gkent. Both running like wild horse

Posted by BZ > 2016-03-15 15:44 | Report Abuse

Go go go

Posted by Rajuan_Singh > 2016-03-15 17:56 | Report Abuse

Wondermama your chart reading is one day ahead.:)
So tomorrow will be 1.80 to 1.83??


Wondermama 1.74 will be good closing
14/03/2016 14:35

Posted by tjhldg > 2016-03-15 23:25 | Report Abuse

gogogogogoo .. mana saturn ?

Posted by Wondermama > 2016-03-16 08:31 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/03/15/ikea-confirms-penang-outlet-will-open-in-2018/

Posted by Kjsiah > 2016-03-16 09:01 | Report Abuse

Rajuan, won't sustain price

Posted by Kjsiah > 2016-03-16 09:15 | Report Abuse

because the mgmt don't care what the investor think

Posted by RandyRoe > 2016-03-16 10:42 | Report Abuse

Hit another snag. Weak

Posted by RandyRoe > 2016-03-16 10:42 | Report Abuse

don't expect too much

Posted by RandyRoe > 2016-03-16 10:47 | Report Abuse

game over. Rajuan is the smart one. keep selling. he knows Eric very well.

Posted by RandyRoe > 2016-03-16 11:07 | Report Abuse

ZZZZZZZzzzzz where is jhl14??

Posted by RandyRoe > 2016-03-16 11:18 | Report Abuse

he will be the next casualty who support E&O

Posted by Rajuan_Singh > 2016-03-16 11:34 | Report Abuse

Though of buying warrant earlier, but change my mind

Posted by Rajuan_Singh > 2016-03-16 11:40 | Report Abuse

my final sell today at 1.78. I wanted 1.80 as per Wondermama comment but I will get out first. No more this stock or any Eric company in future!!!!!

Posted by Kjsiah > 2016-03-16 11:46 | Report Abuse

Bye Old fren. Wish you all the best

Posted by Kjsiah > 2016-03-16 11:47 | Report Abuse

did you lose a lot?

Posted by Rockford > 2016-03-16 11:54 | Report Abuse

Good luck Rajuan!

Posted by Rockford > 2016-03-16 11:55 | Report Abuse

Its just too far from RM2.90 and RM2.30

Posted by Rajuan_Singh > 2016-03-16 11:58 | Report Abuse

Haha guys thanks but no thanks to E&O. I held for 4+ years only to be back at square 1 because of poor leadership. Next tme remember to consider leadership in your consideration of counters to buy

Posted by Barbarian > 2016-03-16 12:00 | Report Abuse

Rajuan you run just on time the selling queue just got a lot of panic sellers

Posted by RandyRoe > 2016-03-16 12:08 | Report Abuse

I say same thing. The sell queue has build up now you guys are stuck

Posted by RandyRoe > 2016-03-16 12:09 | Report Abuse

Rajuan last one to get out safe!! Lol congrats

Posted by Red_Hong_Bao > 2016-03-16 12:11 | Report Abuse

Wondermama say 1.80 wor. Can make or not?

Posted by Rajuan_Singh > 2016-03-16 12:38 | Report Abuse

See you guys. I have to accept i made a mistake to believe in the counter led by a green horn as many said. If Terry was in full control it would be different. Yes they screwed themselves too buying at 2.90. If they can do that to themselves what more the investors

Posted by Hk Wong > 2016-03-16 13:51 | Report Abuse

A recap of Seri Tanjung Pinang Phase 2 project
E&O’s 760-acre land reclamation project in Penang, the Seri Tanjung Pinang Phase 2
(STP2), is split into two packages. E&O would gain a net land area of 7.25m sqft upon
completing Package 1 (STP 2A) and 14.35m sqft from Package 2 (STP 2B & 2C). The
reclamation cost for STP 2A is about RM250 psf on average while that for STP 2B & 2C
is about RM110 psf. Reclamation work for STP 2A is slated to be completed by 2018.
Targets to secure an investor for STP 2A by Jun 2016
While E&O has obtained RM1.1bn worth of banking facilities for its reclamation project, it
wants to bring in a strategic investor to take up a stake in STP 2A, a 253-acre island that
is being reclaimed, to help with its funding requirement. Management targets to secure
the strategic investor by Jun 2016. This will be an important event to watch out for as the
selling price would set a valuation benchmark for the entire STP2 project.
Potential value of STP 2A
Land prices on the Penang island has soared in recent years due to scarcity. The latest
comparable transaction was the acquisition by a subsidiary of Ewein Bhd (EWEI MK,
NR), of which the land was transacted at RM1,300 psf. Ewein’s land is located less than
1km away from STP2. At this price, STP 2A alone is worth RM7.6bn and STP 2B & 2C
RM17.1bn before discounting for the time value of money. The undiscounted value of
E&O’s 78.8% stake in the entire STP2 would be RM19.5bn.
Upside to our RNAV
We have adopted a very conservative approach in our valuation due to the uncertainty
over E&O’s selling price for its stake in STP 2A and the timeline for the reclamation work
of STP 2B & 2C. Our valuation implies that E&O’s stake in STP2 is worth only RM2.9bn,
or RM330 psf. Our RNAV would increase by 44% if E&O manages to sell its stake at
RM500 psf, by 174% at RM1,000psf, and by 251% at RM1,300 psf.
A risk worth taking
The property sector has fallen out of favour among investors due to weak property sales.
E&O was not spared. Its share price is currently 34% below its peak in 2014, despite
gaining 18% since early Feb 2016. Its 2016 sales may even disappoint as it is targeting
the high-end segment which is lacklustre, but the potential re-rating from the sale of its
stake in STP 2A is too big to ignore. News about it selling the stake within the next few
months could re-rate the stock.

Posted by Julian > 2016-03-16 18:25 | Report Abuse

(KUALA LUMPUR Bernama) Oriental (E & O, 3417, the motherboard industry group) shares no wind, waves, since February has risen by 18%, analysts believe that this may divest part of the East Sili Dan cashmere Pinang Phase 2A (STP2A ) related to equity, in the next few months, which will be the main catalyst for the East stock revaluation.
 
CIMB Research said the recent slowdown in industry sales, leading industrial company's share price performance was flat, oriental spared, from the 2014 peak share price has fallen 34% so far.
 
Shares rise 18%
However, despite the disappointing sales performance this year, the East, but from the East stock has since February rise 18% Display this may be due to disposal STP2A news pushed up.
East 760 acres of land reclamation plan in Penang, including 6.27 million square feet of gross STP2A 1000 and 4.35 million square feet of STP2B and STP2C.
STP2A reclamation plan is expected in 2018, reclamation costs 250 ringgit per square foot.
Get RM1 billion in Oriental Bank loan program were filling already intentional introduction of strategic investors to participate in the equity part STP2A plans to finance the project.
According to the company's management said the company's goal is to find strategic investors in June this year. Off the price will become the benchmark for the valuation of the entire STP2A value.
CIMB said that due to the shortage of land in Penang this year and boosting, recent transactions show from STP2A1 km away has lots to 1,300 ringgit per square foot transaction.
This calculation, STP2A space has value 7.6 billion ringgit, while STP2B and STP2C the value of 17.1 billion ringgit; 78.8% interest in the East who plan STP2 value 19.5 billion ringgit.
Although after the land is high, but considering the reclamation progress, there is no substantial increase in CIMB revalued net asset valuations Orient (RNAV), but if the East can RM500 per sq ft for sale STP2, the company will increase RNAV 44 per cent to RM100 per square foot calculation, RNAV will increase by 174%.
CIMB maintained Oriental "overweight" rating, target price of RM2 22 cents. (Sin Chew Daily / FINANCE ‧ Report: Chen Linde)


Point See full story: http: //biz.sinchew.com.my/node/133186#ixzz433YEec6N

Posted by Julian > 2016-03-16 18:33 | Report Abuse

Also read on MahSing ..

http://www.thestar.com.my/business/business-news/2016/03/16/mah-sing-says-shopping-time-for-land-as-malaysia-rebound-seen/

Posted by ACD888 > 2016-03-17 09:20 | Report Abuse

is it true strategic partner identified and in talks??

Posted by Wondermama > 2016-03-17 09:29 | Report Abuse

Gathering strength for 1.80 - 1.83 break.

Posted by Wondermama > 2016-03-17 09:29 | Report Abuse

WB is very undervalued....

Posted by Wondermama > 2016-03-17 09:44 | Report Abuse

ADX at 34

Posted by Wondermama > 2016-03-17 09:56 | Report Abuse

Valued similar on Jul 24 2015 at high of 1.86 WB was 32cents.

Posted by RandyRoe > 2016-03-17 10:29 | Report Abuse

Dead already mama.....

Posted by RandyRoe > 2016-03-17 10:32 | Report Abuse

Buy Gkent. Got up got down. This one stagnant and MD weak. Run

Posted by ACD888 > 2016-03-17 11:14 | Report Abuse

Should we sell now Randy??

Posted by RandyRoe > 2016-03-17 11:15 | Report Abuse

Yes sell and go to Gkent. Play 5-8cents

Posted by RandyRoe > 2016-03-17 11:16 | Report Abuse

Here boss name busuk

Posted by RandyRoe > 2016-03-17 11:29 | Report Abuse

trust me, If you stay here you will regret. Go Gkent and quickly sell!!!