Eastern & Oriental

Eastern & Oriental

Postby winston » Sat Jun 07, 2014 7:07 am

not vested

RHB Research maintains Buy call on E&O, ups FV

KUALA LUMPUR: RHB Research is maintaining its Buy call on Eastern & Oriental with a higher fair valuation of RM3.52 from RM3.12.

The FV upgrade is due, in part, to E&O managing director Datuk Terry Tham’s move to buy back a 9.9% stake in the company from Sime Darby at RM2.90 per share.

RHB Research says it reflects a greater commitment to the company by management.

“The acquisition of a 9.9% stake could also have an important implication for the (company’s) Seri Tanjung Pinang 2 project, as the Penang State Government may now draw greater comfort given the higher shareholding held by the MD,” it says.

In addition, the research house says Eco World’s transaction of Eco Macalister land provides a good benchmark for land valuations on Penang, prompting it to raise its valuation of land for STP2 to 400psf from RM360psf.

“Our new assumption is still conservative – at a 60% discount to the latest transacted price,” it said.

Source: The Star
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Re: Eastern & Oriental

Postby winston » Wed Jun 08, 2016 9:00 am

Tycoon Terry Tham's E&O play

BY P. ARUNA

Source: The Star

http://www.thestar.com.my/business/busi ... s-eo-play/
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Re: Eastern & Oriental

Postby winston » Sun Jun 12, 2016 9:41 am

not vested

What’s next for E&O?

BY P. ARUNA

On June 3, Tham inked a deal to fork out RM342mil for 10% of E&O at RM2.60 per share, which translates to a premium of 64% to the stock’s last closing price of RM1.59, in deal expected to be completed in the next three months.


Source: The Star

http://www.thestar.com.my/business/busi ... xt-for-eo/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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