Posted by jackson88 > 2020-05-29 18:46 | Report Abuse

I think the Japanese Mitsui will JV to build Condo there.

Posted by setia2u > 2020-05-29 20:34 | Report Abuse

With the rights issue aborted, this will take away the worry lingering the investors' mind all this while. Prior to announcement of rights issue in Feb 2019, the price was around RM1.10. Next day, the share gap down to around 85.0 sen before retracing to around 65.0 sen in Sep 2019 on the 'fear' of rights issue to be implemented after EGM. The rights was postponed but price was never recovered since then due to few factors, among others 1. weak property markets, 2. COVID-19, 3. political turmoil, 4. selling by Urusharta Jemaah. NOW, with abortion of rights and the coming announcement of HOC (House Ownership Campaign), this counter is going to shoot up next week! Let's make it double up with TP 0.85, cheers!!!

Posted by Pi Xiu > 2020-05-29 21:55 | Report Abuse

Urusharta Jemaah selling should be lesser, and sime darby said the current e&o price is too low for them. Hope e&o can go up to their normal price prior right issue

Posted by jackson88 > 2020-06-02 17:48 | Report Abuse

Heard that E&O going to JV with Mitsui on STP2A in Penang. Is this good? Or should E&O do the project own their own?

Posted by Pi Xiu > 2020-06-02 18:55 | Report Abuse

JV with Mitsui better, coz can sell/target to rich japanese and foreigner

Posted by jackson88 > 2020-06-03 17:17 | Report Abuse

Pi Xiu, I was told that E&O will announce 3sen dividend in July. They have received the balance progress payment from KWAP for the Penang STP2A sale of 20% stake at RM700mil

Posted by Pi Xiu > 2020-06-03 17:38 | Report Abuse

Hi jackson, their QR expect to release this few weeks right?

Posted by jackson88 > 2020-06-03 17:42 | Report Abuse

Suppose by end of May. But because of MCO, automatic extension of 1 month. So, will be released by end month. Expecting them to bill in STP2A for completion in December. About RM350mil from KWAP

Posted by RainT > 2020-06-04 13:02 | Report Abuse

@jakson

glad that u join this E&O boat , if not so quiet and nobody share useful opinion and information

Posted by RainT > 2020-06-04 13:03 | Report Abuse

if want invest in E&O need be prepare to hold tis for long long time

Posted by jackson88 > 2020-06-04 13:42 | Report Abuse

Rain T, just wait for end of this month 4th Quarter report. There will be a divided of 3sen. Same like every year. Then price will shoot up. Just wait a while

Posted by RainT > 2020-06-04 15:33 | Report Abuse

Where got announce will get dividend 3 sen ?

I see recent announcement don’t have any about dividend also

Posted by RainT > 2020-06-04 15:35 | Report Abuse

Oh understand already

Is just u all expect E&O to declare same as last quarter oh

Posted by RainT > 2020-06-04 15:37 | Report Abuse

Hopefully

If la , E&O this round not declare any dividend as before then ? Sell down soon, haha

As during crisis time such as now , company would prefer to keep cash instead of distribute cash to dividend

Posted by jackson88 > 2020-06-04 15:38 | Report Abuse

Hi Rain, E&O had declared dividend in last 15yrs. Usually at least 3% or 3sen. They should received RM350mil payment from KWAP for completion of STP2A in Penang in December. So, 4th Quarter should be good

Posted by RainT > 2020-06-04 15:41 | Report Abuse

Don’t forget for year 2018 , E&O don’t declare any dividend
This round might be no dividend also
But if have then good la , let wait how it goes

Posted by jackson88 > 2020-06-04 15:43 | Report Abuse

Hi Rain, in 2018, E&O gave 1 share for every 50 share as dividend. That time, the share was around RM1.30. So, works out to be a return of more than 3%.

Posted by RainT > 2020-06-04 16:08 | Report Abuse

@jakson88

thanks for your share information, appreciate it

Posted by RainT > 2020-06-04 16:10 | Report Abuse

@jakson88

what is your opinion of STPA, B & C ?

Can E&O invest for long term? maybe 3 years

and is it the current price is undervalue?

Posted by RainT > 2020-06-04 16:11 | Report Abuse

dont forget E&O debts is high

MAHSING is net cash

Posted by Pi Xiu > 2020-06-04 16:13 | Report Abuse

https://www.easternandoriental.com/wp-content/uploads/2019/10/92nd_AGM_QA.pdf
in their annual meeting, they mention they have unrecognized revenue of RM406 million from KWAP, this amount is it carried as company liability? what this statement means?

Posted by RainT > 2020-06-04 16:19 | Report Abuse

should be carry as assets

Posted by RainT > 2020-06-04 16:26 | Report Abuse

it means it will recognise as sales follow the project complete time

Posted by RainT > 2020-06-04 16:27 | Report Abuse

@pixiu
from where u get this Q&A? From E&O website?

Posted by jackson88 > 2020-06-04 16:27 | Report Abuse

Hi Rain, Mah Sing & E&O is actually same situation with high debts. Difference is Mah Sing debts of RM600mil is by Sukuk Bonds and that’s not under liability but placed in Equity.
For E&O, they just completed issuance of RM1.3bil Sukuk Bond. So, a lot of the debts will now be resolved for next 10yrs.

Posted by jackson88 > 2020-06-04 16:29 | Report Abuse

For STP2A, their book value is only RM890mil. But based on valuation of RM550 per square feet (the price paid for by KWAP), the land should be worth RM3billion. So, the company assets is actually undervalued. And will become profit when they JV or sell it or develop. A lot of hidden value in this company

Posted by Pi Xiu > 2020-06-04 16:36 | Report Abuse

@RainT ya i read it from e&o investor section, just curious about this statement, unrecognized revenue of RM406, but have collected 80% of RM766 million from KWAP to-date

Posted by jackson88 > 2020-06-04 18:01 | Report Abuse

The RM406mil revenue will be recognized this year ....mostly in this 4th Quarter result. E&O will likely give the usual 3sen dividend.

Posted by mwong3 > 2020-06-04 20:56 | Report Abuse

https://klse.i3investor.com/blogs/KLSETA/2020-06-04-story-h1508011638-Stock_Watch_5th_12th_Jun_20_Sinotop_E_payment_system_Gdex_pricing_in_fo.jsp

Posted by jackson88 > 2020-06-04 21:30 | Report Abuse

So, means the chart shows it will test 55sen soon!

Posted by Pi Xiu > 2020-06-04 21:45 | Report Abuse

e&o land at prime location, and it is smaller, i think i will choose it as property theme play

Posted by ChartTrader > 2020-06-04 21:49 | Report Abuse

E & O (3417)

After hitting low of $0.305, it has been steady and slowly build up stage 1 of its new cycle.
It has recently formed an Ascending Triangle Pattern which is very Bullish.
I anticipate E& O to break above the Triangle at $0.475 to try $0.50 and possible Target of $0.55.
Immediate Support is at $0.455 with Strong support at $0.435/$0.415.
Stop Loss if $0.415 is violated.

Posted by RainT > 2020-06-05 12:59 | Report Abuse

@jakson88

thanks for your explain

Posted by RainT > 2020-06-05 13:01 | Report Abuse

@pixiu

accounting for property developer & construction in Msia is like that lo

recognise the revenue follow the % of completion

but if in UK is different lo, in UK is after 100% complete & handover key only can recognise lo, as you can see in EWINT

Posted by jackson88 > 2020-06-05 14:01 | Report Abuse

Chart Trader, you are correct on the chart analysis ....strong support for E&O this morning at 45.5sen. Now, reach 47.5sen. Next round is to break 50sen barrier and heads towards 55sen next week

Posted by jackson88 > 2020-06-06 10:34 | Report Abuse

E&O issued RM1.3billion Sukuk bonds (25yrs period). So, debts problems and financing issue for STP2B & STP2C solved!
https://islamicmarkets.com/publications/tanjung-pinang-development-imtn-sukuk-rm1-5-billion-other-terms

Posted by Pi Xiu > 2020-06-06 12:47 | Report Abuse

@jackson88, do you know the interest of the sukuk issued by tanjung pinang? Their documents too lengthy to grasp

Posted by jackson88 > 2020-06-06 14:38 | Report Abuse

4.3%.....much cheaper than their existing loan from Bank

Posted by RainT > 2020-06-06 15:00 | Report Abuse

@jakson88

Tuesday E&O limit up due to PENJANA good news on property sector ???

haha

Posted by jackson88 > 2020-06-06 15:37 | Report Abuse

Wait la for their announcement of the annual dividend 3sen or 2sen. Then will fly like Mah Sing

Posted by Shines > 2020-06-08 10:50 | Report Abuse

Penjana incentives may help more property snap up

Posted by abang_misai > 2020-06-08 11:02 | Report Abuse

Property sector is definitely operating in an environment that is favourable than that in the past few years. Sales are certainly going to increase. So are their share prices. Just need to buy & hold.

Posted by jackson88 > 2020-06-08 13:36 | Report Abuse

E&O going to launch their project in STP2A Penang ...reclamation complete in end 2019. Now starting infra work. That’s the prime area for Penang housing. Hidden jewel. Book value only less than RM870mil at book value for 6mil sq feet nett area. Land area around Tanjung Pinang should be at least RM800 per sq feet nett area. Do the calculation.

Posted by jackson88 > 2020-06-09 15:30 | Report Abuse

Something happening in E&O
https://www.nst.com.my/business/2020/06/599069/what-amazing-parade-eo

Posted by RainT > 2020-06-09 17:58 | Report Abuse

stand by to buy more

Posted by abang_misai > 2020-06-10 06:57 | Report Abuse

Azmi re-emerges as a substantial shareholder in March 2019. He was so upbeat on this stock and was willing to subscribe private placement of 9.1% of total outstanding shares at 15% premium of the share price at 1 year+ ago. He paid Rm0.98 and is prepared to wait for the stocks to come to fruition.

https://www.theedgemarkets.com/article/wan-azmi-reemerges-major-shareholder-eo

E&O now at 0.46. Once Kerjaya prospect’s tee brothers make a 100% profit, this fellow Azmi will only be breaking even.

Posted by abang_misai > 2020-06-10 06:59 | Report Abuse

The above interview worth reading. So many big timers can see the true values of E&O.

Posted by setia2u > 2020-06-10 08:27 | Report Abuse

So much treasuries share, 25.59 mil shares. Another dividend in specie in July?

Posted by jackson88 > 2020-06-10 09:10 | Report Abuse

From past record, there will at least be 3% ....either payment like 3sen per share or give out treasuries stock as dividend. They have not fail to give out dividend in last 10years

Posted by jackson88 > 2020-06-10 09:14 | Report Abuse

And I’m sure some kind of assurance was given to Wan Azmi on dividend (probably at least 3%). Otherwise, he would not have invested RM150mil in E&O. There is still RM550mil Cash/Bank balance in the company before the latest RM1.3bil bond issuance.