KLSE: E&O (3417)       EASTERN & ORIENTAL BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.305   -0.005 (1.61%)  0.305 - 0.31  1,391,400
Trade this stock and win a FREE I3investor T-shirt after 5 trades. Find out more.


Market Cap: 450 Million
NOSH: 1,477 Million
Avg Volume (4 weeks):3,806,235
4 Weeks Range:0.30 - 0.36
4 Weeks Price Volatility (%):
52 Weeks Range:0.28 - 0.57
52 Weeks Price Volatility (%):
Average Price Target: 0.54
Price Target Upside/Downside: +0.235
Stamp duty exempted for year 2023

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#3]  |  22-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  25-May-2023
T4Q P/E | EY: 4.18  |  23.93%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.2087  |  0.25
T4Q NP Margin | ROE: 37.35%  |  6.04%


Date Subject
10-Mar-2023 MQ Market Updates - 10 March 2023
23-Feb-2023 Eastern & Oriental Berhad - Ceasing Coverage
23-Feb-2023 E&O Sees Rights Issue, Future Sales Supporting Phase 2 Andaman Island Capex Outlay
22-Feb-2023 MQ Market Updates - 22 February 2023
08-Feb-2023 Mplus Market Pulse - 8 Feb 2023
12-Jan-2023 Mplus Market Pulse - 12 Jan 2023
12-Jan-2023 E&O Fixes ICULS Issue Price at 23.5 Sen; Proceeds of Up to RM220 Mil to be Used to Fund Projects
06-Dec-2022 Trading Stocks - Eastern & Oriental
23-Nov-2022 E&O Returns to the Black in 2Q
22-Nov-2022 Eastern & Oriental - the Meg Continued to Drive Property Sales
25-Aug-2022 Eastern & Oriental Berhad - Earnings Recovery
25-Aug-2022 Eastern & Oriental - Back to the Black in 1QFY23; Upgrade to BUY
21-Jun-2022 Kerjaya Prospek - Job Replenishment Continues; Keep BUY
26-May-2022 Eastern & Oriental Berhad - Lifted by One-off Items
26-May-2022 Eastern & Oriental - Expecting FY23F to be Profitable
26-May-2022 E&O Returns to the Black in FY2022
22-Apr-2022 PublicInvest Research Headlines - 22 Apr 2022
22-Apr-2022 Mplus Market Pulse - 22 Apr 2022
22-Apr-2022 E&O Subsidiary Tanjung Pinang Development's Special Resolution Rejected by Islamic Bondholders Under RM1.5b Scheme
07-Apr-2022 Mplus Market Pulse - 7 Apr 2022

Business Background

Eastern & Oriental Bhd, or the E&O Group, is a property developer based in Malaysia. The company’s property development portfolio is spread across Kuala Lumpur, Penang, and Johor’s Iskandar Malaysia, as well as overseas in central London. For the overseas expansion, the company focuses on investment and development within prime locations in London, including Princes House along Kingsway, ESCA House in Bayswater, and a commercial property in Hammersmith. The E&O Group’s hospitality division provides a complementary lifestyle component that supports the core property development business, including the heritage Eastern & Oriental Hotel and Lone Pine Hotel in Penang, as well as the contemporary E&O Residences Kuala Lumpur in the capital’s vibrant city center.
Analyze this stock with MQ Trader system

  17 people like this.
hantamking ""Housing development sector allowed to operate under National Recovery Plan Phase 1""

From source:
27/07/2021 4:46 PM
hantamking ""复苏首阶允房产领域复业 第二阶准许促销与展示""

27/07/2021 8:11 PM
z3fthology its coming back
10/09/2021 5:32 PM
z3fthology nobody holding? so quiet here...
20/09/2021 5:09 PM
aesb123 chase high so have to hold
21/09/2021 5:59 PM
skyinvestor Volume not coming in, means big boy havent bought into this stock yet
22/09/2021 3:16 PM
z3fthology some movement today...hope to see recovery soon
23/09/2021 4:21 PM
BursaRangers https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-10-11-story-h1592021115-BursaRangers_Daily_Technical_Picks_12_October_2021.jsp
11/10/2021 8:37 PM
FlyFried The next good thing, may be?
03/11/2021 11:36 AM
awesome20 soon test upper level
10/11/2021 8:19 PM
Star111 now you know the standard, overpaid for services and brand. Even the buffet quality dropped so much.
09/12/2021 12:35 PM
Mr.Sm Invest123 Post removed. Why?
09/12/2021 10:13 PM
vale0111 Eastern & Oriental (E&O) recorded a 3QFY22 net profit of RM7.8m, swinging back from the net loss of RM14.0m a quarter ago, with better margins achieved and improvements in the hospitality segment with the lifting of travel ban for local tourists. The hospitality segment’s performance was also bolstered by a one-off recognition on gain on lease modification of RM9.3m during the quarter, and waiver of rental of RM11.8m. Taking out these one-off items, Group net loss YTD is estimated at RM25.7m, which is 61% and 50% of our and consensus forecast. As mentioned earlier, we only expect the Group to see earnings recovery in FY23, underpinned by projects such as STP2A (maiden launch, “The Meg” was soft-launched recently) and The Peak (JV with Mitsui Fudosan, RM348m GDV. We adjust FY22 earnings upwards by 54% to account for one-off gains and nascent recovery for the hospitality segment. Separately, the Group has also proposed a rights issue of ICULS (1 ICULS for every 2 existing ordinary shares in E&O) to raise between RM178m and RM363m, mainly to be used for existing and future projects. Pending the completion, we maintain our Neutral call with TP unchanged at RM0.60, pegged at ~70% discount to RNAV, excluding STP2B&C.
22/04/2022 4:47 PM
vale0111 3QFY21 Group revenue dropped 36% YoY due mainly to the absence of new launches, and also slower-than-expected sales in on-going projects (mainly Conlay, KL). The properties segment recorded a drop of 56.3% YoY to RM65.8m, primarily due to a sale of land of RM55.0m last year and lower sales of completed properties YTD. Meanwhile, the hospitality segment recorded revenue of RM16.6m or increase of 25.8% YoY due to higher revenue generated following the lifting of interstate travel ban for local tourists. The segment recorded an operating profit of RM10.8m YTD, mainly lifted by the recognition of gain on lease modification of RM9.3m and waiver of rental of RM11.8m.
22/04/2022 4:47 PM
vale0111 Proposed rights issue. The Group proposed a renounceable rights issue of up to RM363m in nominal value of 5-year 3.80% irredeemable convertible unsecured loan stocks (ICULS) at 100% of their nominal value of RM0.50 each, on the basis of 1 ICULS for every 2 existing ordinary shares in E&O. Assuming maximum scenario, it plans to utilize 80% of the proceeds to embark on several new development projects and reclamation of Andaman Phase 2B and 2C. We understand that the fixed funding cost of 3.8% per annum (p.a.) is comparable to the Group’s current average borrowing cost of 3.77% p.a. The exercise is expected to be completed by 4QCY22.
22/04/2022 4:47 PM
monsterh3 Undervalue ?
25/04/2022 6:41 PM
MiaChin Company is healthy just that thing is a bit outdated, hope for the improvement on business , only that share price will fly
07/06/2022 11:58 AM
mui6666 ICULS at 0.50 will be a flop. Why buy ICULS when we can buy the parent at a lower price.
15/09/2022 11:55 AM
ivanlau Based on my calculation , the fair value of e&o in year 2023 will be 0.80, today closing 0.415, think about that.........
13/10/2022 6:16 PM
cheeseburger As rule of thumb, no matter how attractive is the fair price, never buy a stock that is on down trend.
Just look at the share price, is been on down trend since 2014. Even if you buy today, you never know how long your capital will stuck in this stock for how long. Stay away
27/10/2022 10:39 PM
cbkia4896 So... How does the IUCLS works. I veli confuse
11/01/2023 9:45 PM
Karlos Coupon rate of 3.8% p.a. for the ICULS is the not attractive especially in the current environment of high and increasing interest rate. Worth mentioning that there are other similar securities currently listed that offer higher yields and better future biz prospects.
12/01/2023 9:32 AM
AlfI3 Ya loh, 3.8% vs current Banks' FD; d latter more attractive leh
03/02/2023 7:26 AM
Peace99 @Ivanlau Am very interested to know how you calculate the fair value of e&o. Can share your calculation?
16/02/2023 8:25 AM
ivanlau Peace99, once the share price reach 0.80 , I will disclose my fair value formula..... today closing 0.425 !
16/02/2023 7:07 PM
Peace99 Will be nicer if we can know soon for ppl to make judgement . Can help us in decision making. But if you prefer to wait, I am ok with it. Good luck and huat chai!
17/02/2023 6:57 AM
JCGan888 What happen? 0.34?
17/02/2023 11:53 AM
ivanlau JCGan888, don't worry, pls refer to the announcement :
Renounceable rights issue of up to RM255,764,462 in nominal value of 5-year 3.8% irredeemable convertible unsecured loan stocks ("ICULS") at 100% of its nominal value of RM0.235 each on the basis of 3 ICULS for every 4 existing ordinary shares in Eastern & Oriental Berhad ("E&O") held as at 5.00 p.m. on 20 February 2023 ("Rights Issue of ICULS")
17/02/2023 7:23 PM
Peace99 Am impressed by its Penang reclamation projects....so what the rush to sell at less than the fair value?
20/02/2023 10:02 PM
ks55 E&O faces new survival challenges. Now PSI seems to be coming to life. New growth area in Penang shifted to South/ Southeast near to Penang bridges and Batu Kawan.

21/02/2023 9:53 AM
fregend Boss don't want support the price
21/02/2023 9:54 AM
ks55 New TP for E&O is 23 sen.
21/02/2023 9:54 AM
dompeilee All time low! Luckily I never held on to this dog after selling off my last shrs on 16th Mar '21...
21/02/2023 11:09 AM
dompeilee Wan azmi bang balls...easy come easy go lol
21/02/2023 5:44 PM
dompeilee kerjaya prospek founders also bang balls
21/02/2023 5:51 PM
JCGan888 rubbish stock?
21/02/2023 6:48 PM
Peace99 NOT bad at all! See

3. Group's Prospects
The Meg which comprise 1,020 apartments and 14 shop units is more than 95% sold since we started selling this
project in January 2022. We are excited with our upcoming launches given the strategic location and well accepted
product offerings. While Penang will form the bulk of our future launches, the hospitality segment is enjoying historical high occupancy rate and average room rate on the back of continued strong recovery in tourism and business travel.

I cancelled my queue to sell, haha
22/02/2023 2:51 PM
Peace99 Oh, a former director who retired sold 8.8 mil shares in just 2 days 20&21 Feb. Think this was the main reason why it went so much down that two days. Expecting upward movements going forward.
22/02/2023 10:46 PM
AlfI3 Director to cash out & diverted to subscribed d RIs w constant coupon payout. Any idea wat wud b dis NEW loan stocks coupon rate?
23/02/2023 1:57 AM
Peace99 @Alfl3 You don't mean the one posted by ivanlau 6 days ago?
23/02/2023 9:48 PM
Peace99 Long queue at LR, good sign. Ppl who sell mother below fair price and hope to get cheap by bidding excess be careful....may be difficult. Good luck!
24/02/2023 10:15 AM
ivanlau Be confident...... the fair value of this stock will be 0.80 in year 2023. Today closing 0.315
24/02/2023 11:04 PM
Peace99 Hey, Below is ChatGPT translation of



E&O总经理郭德昌(左)和执行主席Datuk Tee Eng Ho(Low Yen Yeing / The Edge拍摄)
吉隆坡(2月22日电)——房地产开发商东方和东方集团(Eastern & Oriental Bhd,简称E&O)的高负债对该集团而言影响甚微,因为该集团预计通过最新的筹资提议和销售所产生的现金将支持其下一个增长阶段。








在安达曼群岛项目中,E&O执行主席Datuk Tee Eng Ho表示,该公司预计在2024财年第二阶段的Seri Tanjung Pinang(STP)将投入2亿令吉的资本支出。



截至2022年12月31日的第三季度(3QFY2023),E&O的净利润从去年同期的783万令吉跃升近4倍至3009万令吉,营收激增超过3倍或247.32%,从2338万令吉增加至8120万令吉,这主要是由于安达曼岛第一阶段的首次推出销售The Meg- 1020套服务公寓和14个商铺的销售额增加,以及填海造地的收入确认。



关于其前景,E&O表示,自2022年1月开始销售项目以来,The Meg已经超过95%的销售。





27/02/2023 11:16 AM
AlfI3 @Peace99 Thx for the info sharings, will revalue wat IvanLau meant in the earlier messages. Cheers & happy tradings
27/02/2023 3:07 PM
ocbc hope this counter will recover in the future.
27/02/2023 5:41 PM
AlfI3 a lot of wayang ctrs nowadays tat to trap investors' hard earns. As v r not $ printers, got to b very cautious not being tight down tat cry till no tears....!
03/03/2023 12:12 PM
fregend Collecting and keep for long term cheap discount now
06/03/2023 11:15 AM
Peace99 So far so good......hope got penang guys here to give some opinions!
06/03/2023 12:16 PM
ks55 E&O @ 30 sen is overpriced. DY for next 5 years cannot be more than 3.8%.
21/03/2023 9:17 AM
Peace99 @ks55 Are you refering to LC? Can explain how it is overpriced....as it can be converted to mother with no additional conversion fee.
21/03/2023 8:20 PM

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program

485  272  552  961 

Top 10 Active Counters
 HONGSENG 0.1350.00 
 TOPGLOV 1.02+0.07 
 CAREPLS 0.335+0.03 
 ZENTECH 0.025-0.005 
 CFM 0.35-0.085 
 JADEM 0.295-0.015 
 MINDA 0.145-0.005 
 HSI-HKU 0.19-0.02 
 HSI-CLY 0.305+0.055 
 BSLCORP 0.040.00