Posted by azrylamyr > 2017-05-24 18:06 | Report Abuse

59milion profit only show like that?

Posted by LearnFromMistake > 2017-05-24 20:00 | Report Abuse

Don't expect too much from this counter

Posted by JT James > 2017-05-26 12:39 | Report Abuse

Have they sold off Straits Quay mall?

Posted by moneykaching > 2017-05-29 01:06 | Report Abuse

Straits Quay mall sale in the final stage. Deal should be finalized soon

Posted by moneykaching > 2017-05-31 01:00 | Report Abuse

STP2A work is progressing well with Chinese guys

Posted by moneykaching > 2017-06-01 22:10 | Report Abuse

Prime land + savvy strategic investors

Posted by damiantreez > 2017-06-02 10:33 | Report Abuse

once announce Straits Quay is sold, then price will shoot up. smart person will collect now while it is still cheap

Posted by hoby > 2017-06-08 11:27 | Report Abuse

looks like the selling pressure going to breach support and going down under. sad

Posted by duckie35 > 2017-06-08 11:34 | Report Abuse

what happened??....pk liao... :'(

Posted by posby > 2017-06-08 11:39 | Report Abuse

lai lai..sudah longkang...

Posted by duckie35 > 2017-06-08 11:42 | Report Abuse

my hard earn money :( how come price keep going down??!!! small fry also doesn't let go...

Posted by hoby > 2017-06-08 16:33 | Report Abuse

from the trade volume this few days, it seems this has become a stock that nobody wants to hold anymore

Posted by BZ > 2017-06-08 18:44 | Report Abuse

Always dissapointing. When everything looks good down it comes

Posted by hoby > 2017-06-09 13:08 | Report Abuse

Good luck to all who holding

Posted by RandyRoe > 2017-06-09 17:07 | Report Abuse

warned you guys earlier....

Posted by hoh13 > 2017-06-10 14:05 | Report Abuse

Wtf this stock keep fall

Posted by smartbeng > 2017-06-12 16:25 | Report Abuse

the Strong support at RM1.80 is BROKEN and its heading to south Downtrend

Posted by Saham Trader > 2017-06-13 23:06 | Report Abuse

i dont care about support for this stock. i foresee this counter will reach highest somewhere next year.lets just see together this stock. those who are trading for sure gonna be flush out by the fund manager like epf and kwap.

Posted by RandyRoe > 2017-06-14 14:52 | Report Abuse

Flush down toilet more like it

Posted by moneykaching > 2017-06-15 19:07 | Report Abuse

Big shareholder KWAP will see to it that their investment will pay off.

Real estate is about location location location. E&O has super prime land in a land scarce island.

Posted by gforce2 > 2017-06-16 20:45 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5463609

E&O selling Lone Pine Hotel for RM85m.

Posted by damiantreez > 2017-06-19 11:36 | Report Abuse

https://klse.i3investor.com/servlets/staticfile/306703.jsp

Posted by damiantreez > 2017-06-19 11:36 | Report Abuse

Disposing Lone Pine Hotel for RM85m

Positive on the disposal

Disposal gain estimated at RM23.3m

Maintain BUY with unchanged TP of RM2.68

Disposing Lone Pine Hotel for RM85m. Eastern & Oriental Berhad (E&O) announced that it has entered into a share sale agreement with Langkawi Saga Shopping Centre Sdn Bhd and Lubritrade Trading Pte Ltd to dispose Lone Pine Hotel for a total consideration of RM85m. Lone Pine Hotel is located at Batu Feringghi, Penang. The hotel recorded occupancy rates of 65% and 69% for FY15 and FY16 respectively. The proposed disposal is expected to be completed by Oct 2017.

Positive on the disposal. We view the disposal positively as the disposal could help reduce net gearing of E&O to 0.68x from 0.71x as of March 2017. E&O plans to utilize the proceeds for working capital and repayment of borrowings.

Disposal gain estimated at RM23.3m. Loss of earnings contribution from Lone Pine Hotel is expected to be minimal as hospitality division of E&O only contributed 2.8% to total operating profit in FY17. Meanwhile, E&O is expected to realize an estimated disposal gain of RM23.3m from disposal of Lone Pine Hotel. Besides, annual interest saving is estimated at RM4.6m per annum assuming E&O uses the proceeds from disposal entirely to pare down borrowings. We estimate the disposal gain and interest saving would potentially lift FY18 earnings by 24.9%. Nevertheless, we maintain our earnings forecast pending completion of the disposal.

Maintain BUY with unchanged TP of RM2.68. Maintain BUY call on E&O with unchanged TP of RM2.68, based on 55% discount to RNAV. We are positive on the long-term prospect for E&O following the entry of KWAP as strategic investor of STP2A which helps to unlock the value of STP2 project. Besides, the entry of KWAP and the assets monetization of E&O would help to keep net gearing of E&O in check.

Source: MIDF

Posted by RVI123 > 2017-06-19 16:44 | Report Abuse

E&O should sells its UK assets to reduce the debt levels. The future of E&O greatly depends on STP2 but not the UK market.

Posted by moneykaching > 2017-06-20 19:26 | Report Abuse

Value of STP2 will shine brightly once Chinese investors come in. Penang is more suitable for Chinese investors than Johor or KL. Penang island has a high concentration of Chinese population which makes it a natural habitat for Chinese nationals

Posted by RVI123 > 2017-06-21 13:06 | Report Abuse

It will be another positive development when the Straits Quay Mall is sold.

Posted by BZ > 2017-06-22 18:58 | Report Abuse

Shit counter

Posted by dusti > 2017-06-23 14:00 | Report Abuse

If key assets are sold how will the company generate income/profit?

Posted by DarkNight > 2017-06-23 17:31 | Report Abuse

Maybe their hotel business not giving good profit.
Hotel disposal may benefit E&O by reducing their interest charges.

I believe the company did do their Math before disposal...

Posted by RVI123 > 2017-07-04 12:43 | Report Abuse

E&O still have debts that it has to pay 6% to7% interest. Since the hotel and shopping mall are either generating very little return or making losses, it is a right move to sell them away and pay back the debts, After the sales, there will be interest savings.

Posted by Lee Yih Yeong > 2017-07-04 17:49 | Report Abuse

there is complaining about the restaurant in penang which the buffet price is increase but there is no salmon for lunch time. very low standard and not worth to paid ,but only got fishy company in penang which got few discount and get their employee to having team building there.

Posted by dusti > 2017-07-06 18:28 | Report Abuse

Help

Posted by DarkNight > 2017-07-06 19:23 | Report Abuse

Seen like LTH start putting their interest on this MEGA sales

Posted by Bullshit > 2017-07-13 11:48 | Report Abuse

Korang tak tau tak apa..

Posted by Supertonic000 > 2017-07-14 08:28 | Report Abuse

I think the strategy that e&o disposing its hotel and mall is good, the market is much different nowadays, people adopt technology in a faster pace, shopping can be online while there is airbnb for accommodation also.

In short, e&o is adjusting itself to the trend.

Posted by moneykaching > 2017-07-19 15:15 | Report Abuse

STP2 land is progressing very well. Other developers will be hard pressed to get such a large tract of land in a super prime location.

Posted by RVI123 > 2017-07-19 17:58 | Report Abuse

Moneykaching, u have seen the progress? U stay in Penang? Can update us?

Posted by moneykaching > 2017-07-24 14:05 | Report Abuse

Yes! I a stay in Penang. E&O's STP2 land development is on track as planned.

Sunway has multi billion ringgit projects in Penang in Air Itam, Paya Terubong, Anson Road. Please note that these project locations are non-prime locations.

STP2 is super prime land with very high traffic + population with higher earning capacity compared to the rest of other Penang locations.

Posted by yingchai > 2017-07-24 17:32 | Report Abuse

Lembaga Tabung Haji keep on buying the shares of E & O.May i know what is happening? But the price is moving to south.....

Posted by Supertonic000 > 2017-07-24 18:42 | Report Abuse

im confident with this counter, buy when it is cheap...

Posted by RVI123 > 2017-07-25 14:28 | Report Abuse

Moneykaching, can you see a big portion of first island already? E&O will be the biggest developer after the first island is completed.

Posted by RVI123 > 2017-07-25 14:40 | Report Abuse

Sunway's Paya Terubong project can not be compared to this. E&O's STP2 is super prime with new highway connection. For Sunway's Paya Terubong, we have to go through Ayer Itam with jammed and narrow roads. There are a lot of crowded flats in Paya Terubong. Can not compare. It is like comparing Mercedes S Class to Honda Accord.

Posted by yingchai > 2017-07-27 17:47 | Report Abuse

0.03 sen dividend. haiz....so low dividend yield....I think this stock koyak already

Posted by yingchai > 2017-07-28 14:00 | Report Abuse

Annual report no exciting news.....haiz.....

Posted by SateMan > 2017-07-28 17:50 | Report Abuse

Dont worry. Next week wil go up. Shark already bought a lot of this share. What will happen? Dont miss the boat....huhu

Posted by yingchai > 2017-07-31 17:58 | Report Abuse

Y Lembaga Tabung Haji buying like no tomorrow?Any reason? Even the finance director also utilise her entitlement share option. I think good news coming.,

Posted by Daniel Pang > 2017-08-06 21:55 | Report Abuse

one more leg down, 152 to156

Posted by RandyRoe > 2017-08-07 08:56 | Report Abuse

dead counter

Posted by WM Niaga > 2017-08-07 08:59 | Report Abuse

limit up??

Posted by yingchai > 2017-08-07 16:46 | Report Abuse

Limit down i think will break the support level at 1.60 and go all the way down to 1.40