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KLSE: E&O       EASTERN & ORIENTAL BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.415 0.60     +0.185 (44.58%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
30/06/2020 0.395 0.50 +0.105 (26.58%) HOLD PUBLIC BANK Price Target News
30/06/2020 0.395 0.42 +0.025 (6.33%) HOLD MIDF Price Target News
30/06/2020 0.395 0.54 +0.145 (36.71%) BUY AffinHwang Price Target News
19/02/2020 0.60 0.75 +0.15 (25.00%) HOLD PUBLIC BANK Price Target News
19/02/2020 0.60 0.57 -0.03 (5.00%) HOLD MIDF Price Target News
19/02/2020 0.60 0.80 +0.20 (33.33%) BUY AffinHwang Price Target News


Price Target Research Article/News (past 6 months)
30/06/2020  PUBLIC BANK Eastern& Oriental Berhad- Impairments Drag
30/06/2020  MIDF Eastern & Oriental - Ended FY20 on a Weaker Note
30/06/2020  AffinHwang Eastern & Oriental - FY20: Fair Value Loss
19/02/2020  PUBLIC BANK Eastern & Oriental Berhad - Consolidation Year
19/02/2020  MIDF Eastern & Oriental Berhad - Weak earnings
19/02/2020  AffinHwang Eastern & Oriental - 3QFY20: Core Losses Widened



  16 people like this.
 
RainT when want 0.30??
29/06/2020 10:50 AM
RainT @jakson88

your 2 years theory hopefully is true la for this round

but for it to come true, overall economy need good la, then property market will be good also

if not also hard as this round is not on property sector only, but whole economy

in the past years, economy still not bad, property segment in Msia already bad and now with economy turn bad and plus with property sector that is already bad, make it worse
29/06/2020 10:53 AM
RainT every day seem 0.40 is well supported , i want buy below 0.40, also cannot get le
29/06/2020 10:53 AM
jackson88 RainT, I just bought some at 39.5sen. Let’s wait and see 4Qtr result ...should be out today or tomorrow. I’m waiting to see whether the company will announce the 3sen dividend (like last 10yrs). They have the cash as they just completed the Sukuk Bond RM1.2billion.
29/06/2020 3:38 PM
ElwinPg Jackson, I am queuing now at 39.5 sen for 400 lots.....waiting for sellers.
29/06/2020 3:41 PM
T800Terminator No div?
29/06/2020 7:01 PM
ivanlau sorry to say this stock is on the way to PN17 path...........
29/06/2020 7:10 PM
Pi Xiu it wont pn17, just need time to recover
29/06/2020 7:15 PM
RainT HUGE LOSS MAKING
29/06/2020 7:15 PM
Pi Xiu T800Terminator, got 1 sen div, actually the loss is impairment loss, and it oledi got 1.2 billion sukuk to support its project
29/06/2020 7:15 PM
alexsee dont worry result good down, result bad up..
29/06/2020 7:18 PM
stncws wow..buy20c
29/06/2020 7:23 PM
stncws GAP DOWN TMR!!!
29/06/2020 7:24 PM
jackson88 RM195mil loss as a result of RM190mil impairment of assets. Very prudent move the write down assets now to take into account of COVID-19
29/06/2020 7:43 PM
jackson88 1sen dividend out of 40sen = 2.5% yield
29/06/2020 7:43 PM
T800Terminator Tomorrow Q at 0.30 1000lot.
29/06/2020 7:45 PM
RainT Impairment on rights to use assets RM19m

Property development costs written down RM70m

Loss on FV adjustment of investment properties RM120m

Total special items RM209m

PBT is exclude special items is RM20m

hope for limit down tomorrow, prepare to scoop more
29/06/2020 8:02 PM
alexsee no more 3 cents dividend, no more attractive just like astro.. many ppl like Mahsing.. cash banyak, can consistent give out 3 cents.. but staying strong above 0.5.. hardly back to 0.4.. haha
29/06/2020 8:07 PM
T800Terminator Yeah...lowest was 0.30 past a year. Tomorrow break lowest? Or should I Q at 0.28?
29/06/2020 8:17 PM
ivanlau coming quarter will be more worst due to mco issue. Beware.... this stock may in downtrend till August......
29/06/2020 8:19 PM
MaYun kaput ?
29/06/2020 8:41 PM
stncws unprecented loss!!gg
29/06/2020 10:20 PM
jackson88 I manage to buy some at 39sen this morning. Not many sellers now. Back to 40sen again
30/06/2020 9:24 AM
setia2u Lucky you. Now 40.5.
30/06/2020 9:42 AM
jackson88 I wanted to buy more at 39sen just now ....but someone else is also grabbing it. Only managed to get around 3000 lots.
30/06/2020 10:02 AM
jackson88 At 39sen, the 1sen dividend is 2.6% yield. Just like placing in a FD. Good part is they already write down all the investment assets now. Should have been done in next quarter. So, next quarter won’t be as bad as this quarter. And there is a balance of RM170mil due from KWAP, being 20% from the sale of STP2A after completion of the infra. Debts already reduced by 600mil. And there is still balance of RM1billion from the Sukuk not yet drawdown and almost RM300mil cash.
30/06/2020 10:06 AM
setia2u 廋田沒人要,耕开有人争 !!!
30/06/2020 10:51 AM
ElwinPg Jackson, I also try to buy at 39.5sen but no sellers now. Already waited more than 1hour. Hope more people will sell their shares.
30/06/2020 11:32 AM
jackson88 Elwin, you have to spread more bad news and pursuade more people to sell. Let’s see how many fools will sell the shares cheap. We got to pray hard to get more fools to sell now.
30/06/2020 11:51 AM
JieGeGe 0.39 Matched
30/06/2020 12:13 PM
laychee Looked at QR, I feel like crying.
30/06/2020 12:17 PM
Pi Xiu normally company write down the investment is to put on sale, i think tat is UK asset, coz according the analyst report, local inventory only left RM48.3m
30/06/2020 3:13 PM
jackson88 https://www.nst.com.my/business/2020/06/604656/eo-prepares-property-launches-post-mco-recovery
30/06/2020 3:26 PM
Pi Xiu hope they have good news soon
30/06/2020 3:30 PM
MaYun Do observe any panic selling this morning, look like the recent QR dismay financial performance has been priced in.
30/06/2020 3:34 PM
ElwinPg I am staying at Tanjung Bungah, Penang. Everyday, I pass by the company's STP2A project....you can see how big and valuable that land. Land there should be at least RM500 to RM600 per square feet. The whole land there is easily more than 150 acres or 6.5mil square feet. At RM500 square feet, that land there is worth more than RM3b. or RM2 per share. Book value is only RM900mil which is the reclamation costs.
30/06/2020 3:48 PM
setia2u 廋田沒人要,耕开有人争 !!! Elwin, it takes time for people to realise it, never mind, now cuti-cuti Malaysia, more people going to Penang, they will find out sooner or later.
30/06/2020 4:28 PM
RainT @elwinpg

wow, thanks for sharing information

penang lang!!
30/06/2020 4:35 PM
RainT oh yes

given the bad quarter result yesterday, but the share price not drop much le

so it is well supported, all bad news for E&O should have price in at this price already

who want sell , should be cut loss and sell finish already
30/06/2020 4:36 PM
RainT yesterday i expect today have mega sales for E&o,
Mana tau, dont have
30/06/2020 4:37 PM
jackson88 RainT, there was actually a big sell down early morning ....like panic sale. I manage to buy some at 39sen.
In accounting terms, this is actually a good move by E&O as better to write down and bring out all bad news at one shot and bite the bullet one time. And since the profit for 2019 is so minimal. Then next year, you can move ahead with better results and news. I think E&O got a good management which adopted this principle.
30/06/2020 4:45 PM
MaYun @Jackson88 Globally, as far as covid19 pandemic is concern, we are not out of the wood yet. Long way to go to realise the intrinsic value of the land bank, we might as well wait a little while longer in search of a better bargain hunting ? Or do you have an insight into the timing on better QR financial result . TQ
30/06/2020 5:09 PM
MaYun @setia 槟岛没瘦田,寸土必争 !肥田人争耕,耕开人更争 !
30/06/2020 5:12 PM
MaYun Neutral call and fair value of RM0.50 TP (at c.70% discount to RNAV excluding STP2B&C) due to the lack of re-rating catalysts.
30/06/2020 5:42 PM
T800Terminator Tomorrow Q up 6c to 0.36. Come come
30/06/2020 9:32 PM
RainT to make big profit

you need to buy at the most bottom (but that require skills also)

if come back later, the profit you might get is not so fat already
01/07/2020 9:39 AM
jackson88 It’s very difficult to guess the bottom. Anything 10% to 20% from the bottom is already good. If one day the price goes to RM1.50, the 10sen now is nothing. Many counters like E&O also drop to below 40sen during 1998 crash and 2008. But in both times, it recover back to above RM2. This is from history and that time was without STP2 completion and land price there was below RM200 per sq ft. Now is around RM500 per sq ft.
01/07/2020 10:05 AM
MaYun thanks
01/07/2020 11:09 AM
ElwinPg E&O set for better times ahead; new launches expected this year
https://www.nst.com.my/property/2020/07/604906/eo-set-better-times-ahead-new-launches-expected-year
01/07/2020 12:51 PM
RainT will buy more
02/07/2020 7:45 PM

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