Posted by dusti > 2017-04-04 11:07 | Report Abuse

Hi enid888. The above comments are addressed to you.

Posted by enid888 > 2017-04-04 13:23 | Report Abuse

Dusti, I will see how the reclamation and development progress. At this moment, everything goes well. Strategic partner secured. I think more plots will be sold to other developers. E&O will not develope the whole area by itself. They will sell some plots and let other developers join force to speed up the development of the whole area.

Posted by moneykaching > 2017-04-05 00:29 | Report Abuse

Super cheap land cost = RM60 per sq ft
Super prime land easily > RM1,000 per sq ft

Strategic partner KWAP buys in at RM530 per sq ft
Superprofits with huge "margin of safety"

Posted by Friendship > 2017-04-05 05:46 | Report Abuse

Today marching towards 2.20!

Posted by Junx Leow > 2017-04-05 15:45 | Report Abuse

woowww .already 1.97 !!!!

Posted by wonder9k > 2017-04-06 14:49 | Report Abuse

Some details are missing from the latest announcement, wonder what is the condition for the special purpose vehicle between KWAP and E&O

Posted by Junx Leow > 2017-04-06 16:03 | Report Abuse

T4 today, will have some force sell

Posted by wonder9k > 2017-04-06 16:30 | Report Abuse

And interestingly, beside Persada Menteri Sdn Bhd, there is another company formed- Junjung Angkasa Sdn Bhd, will it be another special purpose vehicle for 2nd partner?

Posted by Junx Leow > 2017-04-06 16:51 | Report Abuse

yes, it is only Persada Menteri

At the same time, TPD has also entered into a conditional joint-venture agreement with KWAP to develop the entire STP2A development land via a special purpose vehicle — Persada Mentari Sdn Bhd, which will be 80%-owned by TPD and 20% by KWAP.

Posted by Junx Leow > 2017-04-06 16:59 | Report Abuse

PETALING JAYA: Eastern & Oriental Bhd’s (E&O) subsidiary Tanjung Pinang Development Sdn Bhd has acquired 100% equity interest in two shelf companies, namely, Persada Mentari Sdn Bhd and Junjung Angkasa Sdn Bhd.
Both companies were incorporated as private limited companies under the Companies Act 2016 with an issued and paid-up share capital of RM1 comprising one ordinary share.

Read more at http://www.thestar.com.my/business/business-news/2017/03/30/eo-unit-starts-work-on-seri-tanjung-pinang-phase-two/#Pvg5gxL3my1LFzVP.99

Posted by Junx Leow > 2017-04-06 17:16 | Report Abuse

teruk nya drop !!!!!

Posted by cipapo > 2017-04-07 09:13 | Report Abuse

tabao already...cutloss signal...no demand bar

Posted by damiantreez > 2017-04-10 11:06 | Report Abuse

Maintain BUY with unchanged TP of RM2.68

Disposing Straits Quay Mall?

Slightly positive if the deal materializes

Minimal impact on E&O earnings

Disposing Straits Quay Mall? Media reported that Eastern & Oriental Bhd (E&O) is believed to be in talks to disposing Straits Quay Mall with a convention centre for RM230m. The mall is located in Straits Quay Marina of Seri Tanjung Pinang. The mall is having net lettable area of 270,000 sq ft with occupancy rate of 80%. Meanwhile, the built-up of the convention centre is at 25,300 sq ft. The reported selling price of RM230m for the asset is close to its net book value of RM233m.

Slightly positive if the deal materializes. We are not entirely surprised by the news as E&O had previously guided they may dispose assets to pare down its borrowings. Nevertheless, we are slightly positive if the deal materializes as it would further improve the balance sheet of E&O. Assuming the proceed of disposal to be utilized to pare down borrowings, we estimate net gearing of E&O to reduce to 0.44x from 0.57x (after taken into consideration of placement proceeds and deposit for STP2A stake sales from KWAP).

Minimal impact on E&O earnings. The mall and convention centre are parked under E&O Trading Sdn Bhd and we gather that the division is not making profit. Hence, we expect the reported disposal to have minimal impact on E&O earnings (if it materializes).

Maintain BUY with unchanged TP of RM2.68. We maintain our BUY call on E&O as we are positive on the long-term prospect of E&O following the entry of KWAP as strategic investor of STP2A. The entry of KWAP as a strategic investor helps to unlock the value of STP2 project and further ensure the execution of STP2A which is an all-important project to E&O.

http://klse.i3investor.com/blogs/midfresearch/120255.jsp

Source: MIDF Research

Posted by damiantreez > 2017-04-10 11:07 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5389101

EPF bought 3,192,884 shares on 3rd April

Posted by duckie35 > 2017-04-13 14:08 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5387589

EPF disposed 3,192,884 shares on 31 March

.....wonder what happened...an error they made??

Posted by ks55_ > 2017-04-14 22:48 | Report Abuse

RM 1 coming?

Posted by TrippleZ > 2017-04-14 22:54 | Report Abuse

Yes. Keep waiting for rm1

Posted by Kjsiah > 2017-04-17 08:19 | Report Abuse

tried to warn many time but no one believe me. Same every time with this counter

Posted by TradeTurd > 2017-04-21 16:01 | Report Abuse

Actually what is wrong with this counter? recently got good news but go down like hell.
any pro here can explain?

Posted by property > 2017-04-23 11:15 | Report Abuse

Probably overpriced after run up from RM 1.4. Last QR is exceptional to be good. Maybe coming QR likely back to normal and not good.

TradeTurd Actually what is wrong with this counter? recently got good news but go down like hell.
any pro here can explain?
21/04/2017 16:01
https://klse.i3investor.com/servlets/stk/fin/3417.jsp

Posted by Saham Trader > 2017-04-24 21:10 | Report Abuse

i am watching this counter. rsi oversold with a good price to catch. put this counter in your watchlist..

Posted by Emir42 > 2017-04-25 17:21 | Report Abuse

Today up +.030. KWAP partner what more to expect

Posted by wisdomtot > 2017-04-27 22:24 | Report Abuse

Tomorrow reelbound kuat kuat

Posted by TradeTurd > 2017-04-28 18:25 | Report Abuse

wow rebound a bit la

Posted by CUTLOSS > 2017-05-01 13:56 | Report Abuse

Buy at RM 1.9 later become RM 1.5 must jump Penang Bridge?

Posted by duckie35 > 2017-05-03 12:39 | Report Abuse

today down trend again

Posted by BZ > 2017-05-04 17:26 | Report Abuse

Shit

Posted by moneykaching > 2017-05-08 01:14 | Report Abuse

shopping mall deal should improve financials

Posted by Saham Trader > 2017-05-08 21:44 | Report Abuse

i am collecting this counter even more. good fa stock with low price. iwcity, malton and almost properties stocks perform really well. this year and next year will be the year for e&o.

Posted by Supertonic000 > 2017-05-08 22:13 | Report Abuse

On thethe boat :)

Posted by 360Capitalist > 2017-05-10 16:22 | Report Abuse

E&O share price should move up after price fixing for the 66 million shares restricted placement to KWAP.

Posted by dusti > 2017-05-11 11:12 | Report Abuse

enid888. Where are you holding up. ? Do you have fresh views to share?

Posted by enid888 > 2017-05-11 15:50 | Report Abuse

Dusti, everything that I have said earlier remained valid. E&O is a good long term investment counter.
Recently, the management intends to sell off some development land and properties in Malaysia and London. This proposed sales is positive news for E&O. It is better to monetise some less strategic properties to fund the massive STP2 reclamation. Once the land is reclaimed, the company is actually making profit as the value of the land has increased (market value - cost of reclamation and land title fees). Some ppl like KYY does not see this as profit but I do not agree.

Posted by dusti > 2017-05-11 21:18 | Report Abuse

enid888 thanks for your feedback. Agree with your treating value addition as profit. Have been a shareholder for the longest time, took profit many times, accept losses too, but continue to have faith. Always hoped that there is someone out there with pockets deep enough to take over the whole company. Then value addition will show nice numbers. Cheers.

Posted by damiantreez > 2017-05-15 11:10 | Report Abuse

Fly soon

Posted by enid888 > 2017-05-15 11:22 | Report Abuse

We are yet to see how much the new MD, Mr. TC Kok can bring to the company. Hopefully he can lead the company to the right direction and focus on the right things. The previous deputy MD, Eric Chan was too weak and caused few years delay to the reclamation of STP2. Should he been doing his job well, STP Phase 2A should have been completed by now and the share price should be more than RM3.00 at this time.

Posted by enid888 > 2017-05-15 11:47 | Report Abuse

Look at the STP2A reclamation work in progress as at 29/4/17 with the following link.

http://www.skyscrapercity.com/showthread.php?t=552100&page=15

Posted by enid888 > 2017-05-15 15:50 | Report Abuse

Dusti, hope that this time both of us will have good returns.

Posted by dusti > 2017-05-15 22:12 | Report Abuse

Yes enid888. Sure hope you are right. Meantime, am somewhat infatuated with DRB-Hicom! Cheers!

Posted by null > 2017-05-16 19:51 | Report Abuse

will start uptrend for mother n warrant...good luck

Posted by duckie35 > 2017-05-17 09:45 | Report Abuse

EPF no more shareholder??

Posted by moneykaching > 2017-05-17 14:47 | Report Abuse

Once more and more deals are announced more and more people can see the VALUE in E&O. By the time it is too late to buy the shares. Share price would be way above RM3

Posted by WM Niaga > 2017-05-18 16:31 | Report Abuse

Ohhhhhh....YYYeeeaaaaaaa........!!!

Posted by sien > 2017-05-23 20:17 | Report Abuse

http://www.malaysiastock.biz/GetReport.aspx?file=2017/5/23/3417%20-%201857121574426.pdf&name=Bursa%204Q2017.pdf..

Posted by sien > 2017-05-23 20:21 | Report Abuse

Good quarter result

Posted by damiantreez > 2017-05-24 08:49 | Report Abuse

quarter result up 434%. Today shoot up to RM2

Posted by WM Niaga > 2017-05-24 08:59 | Report Abuse

Ohhhh...Yeeeaaaa....

Posted by Hitman > 2017-05-24 09:07 | Report Abuse

I thought will limit up

Posted by BZ > 2017-05-24 12:02 | Report Abuse

This counter hardly move

Posted by yip1983 > 2017-05-24 13:25 | Report Abuse

l believe RM2 will coming again soon