Posted by kilerprice007 > 2017-03-31 09:34 | Report Abuse

Agreed with Friendship, obviously is a trap to scare weak traders.

Posted by Friendship > 2017-03-31 09:34 | Report Abuse

Rhb put fair value at 2.37

Posted by Hustle > 2017-03-31 09:39 | Report Abuse

Back mountain very strong, spore player been kick out

Posted by Kjsiah > 2017-03-31 09:42 | Report Abuse

GK Goh kicked out?? When???

Posted by PenguinDad > 2017-03-31 09:47 | Report Abuse

Wow! still got a long way to go down. only cross the 38.2% still got 50% and 61.8%.

Posted by PenguinDad > 2017-03-31 09:49 | Report Abuse

All indicators show sell. seat back and see what it go this afternoon or next monday.

Posted by projecti2016 > 2017-03-31 09:53 | Report Abuse

early trap

Posted by LuckyG > 2017-03-31 10:01 | Report Abuse

E&O under SC investigation for insider trade lah !

Posted by PenguinDad > 2017-03-31 10:10 | Report Abuse

E&O and KWAP?

Posted by Superstar33 > 2017-03-31 10:14 | Report Abuse

I guess that E&O is not related to Malaysia Stock and its UK one..so how this E&O..is it good ?

Posted by cheeseburger > 2017-03-31 10:24 | Report Abuse

congrat to those got trap...hahaha

Posted by air01557 > 2017-03-31 10:28 | Report Abuse

all the way up from 1.60 - now taking profit - normal - good counter not to worry

Posted by PenguinDad > 2017-03-31 10:39 | Report Abuse

Trap buyers coming back to push above 2.00 and trying to exit.

Posted by goldman_trader > 2017-03-31 10:40 | Report Abuse

wow so nice get to buy more at cheaper prices now!

Posted by cheeseburger > 2017-03-31 11:32 | Report Abuse

low can be lower. Cheap and be cheaper by end of the day

Posted by qwerty > 2017-03-31 11:32 | Report Abuse

If price can sustain at this level now and initiate a rebound in the afternoon, then its still good, else bad.

Posted by damiantreez > 2017-03-31 11:35 | Report Abuse

Upgrade to BUY with TP of RM2.68


Secured strategic investor for STP2A. Eastern & Oriental Berhad (E&O) announced that it has secured Kumpulan Wang Persaraan (Diperbadankan) (KWAP) as the level 1 strategic investor for Seri Tanjung Pinang (STP) 2A project. A special purpose vehicle (SPV) will be established to undertake the development and sale of the STP2A development land where KWAP will be taking 20% equity stake for RM766m while E&O will hold the remaining 80% stake. Separately, E&O proposed to issue 66.1m shares to KWAP, representing 5.3% of E&O existing number of enlarged share capital, at an issue price within the range of RM1.84-RM2.04.

STP2A land valued at RM530psf. The 20% equity stake disposal to KWAP is equivalent to the value of 8 plots of land in STP2A with total land size of 1.45m sf that will be disposed to KWAP, valuing STP2A land at RM530psf. The transacted price of RM530psf is a positive surprise, higher than our previous land value assumption of RM400psf. We believe value of reclaimed land in STP2A will be crystalized with the entry of KWAP as it provides higher valuation benchmark for the whole STP2 project with total reclaimed land to be 760 acres.

Positive on the exercises as net gearing will be reduced. We are positive on the monetisation of STP2A land and the placement exercise as it will improve balance sheet of E&O. Post shares placement (assuming placement price at RM1.90) and receiving the 10% of disposal consideration, net gearing of E&O is estimated to fall to 0.57x from high net gearing of 0.74x as at end 3QFY17. FY17 and FY18 earnings estimate are unchanged as first launch of property projects in STP2A will only take place in 2H19.

Upgrade to BUY with TP of RM2.68. We upgrade E&O to BUY from Neutral with a higher TP of RM2.68 after revising higher value for STP2 project in our RNAV valuation. We have reduced our RNAV discount to 55% from 60% previously as we anticipate improving balance sheet of E&O. We are turning positive on E&O as the entry of KWAP as strategic investor of STP2A unlocks the value of STP2 project and further ensure the execution of STP2A which is an all-important project to E&O.

Source: MIDF Research - 31 Mar 2017

Posted by qwerty > 2017-03-31 11:55 | Report Abuse

Reason for WB spiraling down is to draw in in parallel to mother share. Those who has high risk appetite can consider WB. TAYOR

Posted by qwerty > 2017-03-31 12:02 | Report Abuse

By calculation WB at 0.26 is a buying price and not a selling point. TAYOR.

Posted by kilerprice007 > 2017-03-31 12:02 | Report Abuse

MIDF NEW TP upgrade to 2.68, good time to go in.

Posted by goldman_trader > 2017-03-31 12:08 | Report Abuse

just went in at 1.95

Posted by kilerprice007 > 2017-03-31 12:12 | Report Abuse

So tempting man!

Posted by qwerty > 2017-03-31 12:17 | Report Abuse

One can collect small qty at a time to average out on your purchase and still count as 1 trade at the end of the day.

Posted by qwerty > 2017-03-31 12:27 | Report Abuse

btw I just collected little of WB, my major investment is into CAB CAB WA

Posted by qwerty > 2017-03-31 12:29 | Report Abuse

E&O develops Penang while TSRCap at Langkawi.

Posted by stockmanmy > 2017-03-31 12:35 | Report Abuse

Ekovest and EPF succeeded

why not E&O and KWAP?

I am buying, don't care.

must have some equity.

Posted by paperplane2016 > 2017-03-31 12:37 | Report Abuse

tot someone said limit up? jokers! haha

Posted by cooling > 2017-03-31 12:51 | Report Abuse

already overvalued la....pe 118

Posted by cooling > 2017-03-31 12:52 | Report Abuse

hold!... not buy...understand engrish or not??...hahha

Posted by enid888 > 2017-03-31 12:58 | Report Abuse

KWAP went in at the implied land price of RM530 / sq.ft.. It is positive to E&O as the land is valued at such a good price eventhough it is not completely reclaimed yet. By the time the reclamation is completed and the land buyers can physically view the land, it can easily fetch more than RM800 / sq. ft.

Posted by Friendship > 2017-03-31 13:12 | Report Abuse

Just close eyes and buy
Guaranteed win after 3-6 months

Posted by stockmanmy > 2017-03-31 13:17 | Report Abuse

substantial shareholders selling, not directors.

just don't know when they will finish the selling.

Posted by PenguinDad > 2017-03-31 13:25 | Report Abuse

TP 2.68. Better give a 70% discount is 1.88

Posted by stockmanmy > 2017-03-31 13:34 | Report Abuse

revised RNAV is $ 6.00 per share...MIDF report with calculations.

Why Penang land not better than Johor land ( IWCITY )?

Posted by PenguinDad > 2017-03-31 13:45 | Report Abuse

If you are long term investor, RNAV will be useful for decision making but short term forget about it. It is the buy and sell that is most important.

Posted by greatful > 2017-03-31 13:47 | Report Abuse

Ekovest and EPF succeeded
why not E&O and KWAP?
===============
Because 1+2 and A+B are not the same result.

Posted by 360Capitalist > 2017-03-31 13:52 | Report Abuse

Upgrade to BUY with TP of RM2.68


Secured strategic investor for STP2A. Eastern & Oriental Berhad (E&O) announced that it has secured Kumpulan Wang Persaraan (Diperbadankan) (KWAP) as the level 1 strategic investor for Seri Tanjung Pinang (STP) 2A project. A special purpose vehicle (SPV) will be established to undertake the development and sale of the STP2A development land where KWAP will be taking 20% equity stake for RM766m while E&O will hold the remaining 80% stake. Separately, E&O proposed to issue 66.1m shares to KWAP, representing 5.3% of E&O existing number of enlarged share capital, at an issue price within the range of RM1.84-RM2.04.

STP2A land valued at RM530psf. The 20% equity stake disposal to KWAP is equivalent to the value of 8 plots of land in STP2A with total land size of 1.45m sf that will be disposed to KWAP, valuing STP2A land at RM530psf. The transacted price of RM530psf is a positive surprise, higher than our previous land value assumption of RM400psf. We believe value of reclaimed land in STP2A will be crystalized with the entry of KWAP as it provides higher valuation benchmark for the whole STP2 project with total reclaimed land to be 760 acres.

Positive on the exercises as net gearing will be reduced. We are positive on the monetisation of STP2A land and the placement exercise as it will improve balance sheet of E&O. Post shares placement (assuming placement price at RM1.90) and receiving the 10% of disposal consideration, net gearing of E&O is estimated to fall to 0.57x from high net gearing of 0.74x as at end 3QFY17. FY17 and FY18 earnings estimate are unchanged as first launch of property projects in STP2A will only take place in 2H19.

Upgrade to BUY with TP of RM2.68. We upgrade E&O to BUY from Neutral with a higher TP of RM2.68 after revising higher value for STP2 project in our RNAV valuation. We have reduced our RNAV discount to 55% from 60% previously as we anticipate improving balance sheet of E&O. We are turning positive on E&O as the entry of KWAP as strategic investor of STP2A unlocks the value of STP2 project and further ensure the execution of STP2A which is an all-important project to E&O.

Source: MIDF Research - 31 Mar 2017

Posted by Friendship > 2017-03-31 13:53 | Report Abuse

It's a questionable move for cimb analysts to give 70% discount of RNAV. Coz someone wants to buy at lower prices? Hehe

Posted by greatful > 2017-03-31 13:54 | Report Abuse

Sell call? 1.80, 1.70 soon?

Posted by stockmanmy > 2017-03-31 13:55 | Report Abuse

Johor land and IWC did well
why not E&O and Penang land?


sted by greatful > Mar 31, 2017 01:47 PM | Report Abuse

Ekovest and EPF succeeded
why not E&O and KWAP?
===============

Posted by stockmanmy > 2017-03-31 13:57 | Report Abuse

some times short term random....but longer term ok

Posted by greatful > 2017-03-31 14:00 | Report Abuse

stockmammy, because 1+2 not = A+B. This land and that land different. This player and that player are different.
Or sometimes like you buy a laptop always problem but other buy same laptop from same shop no problem.

Posted by greatful > 2017-03-31 14:00 | Report Abuse

cannot means cannot, may be conflicts of bazi. xD

Posted by Friendship > 2017-03-31 14:02 | Report Abuse

CImb call for 1.90 haha
So that should be the floor
At this level of 1.94 should just close eyes and buy
Sure win

Posted by stockmanmy > 2017-03-31 14:05 | Report Abuse

E&O directors copy Ekovest and IWC formula.....sure can do .....
E&O directors also got Sime Darby advisers.

why cannot do?, just copy and paste.




d by greatful > Mar 31, 2017 02:00 PM | Report Abuse

cannot means cannot, may be conflicts of bazi. xD

Posted by PenguinDad > 2017-03-31 14:24 | Report Abuse

This is a real case of pump and dump.
Cross the 29/3 low. Next support is 1.925 and 1.877

Posted by wonder9k > 2017-03-31 14:24 | Report Abuse

RM530/sq ft is the key point, next up will be partnership with CCCC

Posted by PenguinDad > 2017-03-31 14:27 | Report Abuse

Anybody re-enter at 1.92? It is the 50% level close to 1.925 and if break there will be more downtrend but retain than like to resume uptrend.

Posted by stockmanmy > 2017-03-31 14:28 | Report Abuse

no, it is not pump and dump

it is dump by some long time shareholders.

all an illusion

stock market is an illusion.

good and bad,
high and low
cheap and expensive

all an illusion.

Posted by PenguinDad > 2017-03-31 14:28 | Report Abuse

About 1,000 change hand at 1.92