UPdates on E & O

PROPERTY developer Eastern & Oriental Bhd (E&O) (3417) has reversed a third-quarter loss, thanks to its effective pre-emptive balance sheet management strategy and higher contribution from the properties and hospitality divisions on the back of increased revenue and lower finance costs.

It posted a net profit of RM10.5 million in the three months ended December 31 2009, a reversal from a net loss of RM4.4 million a year ago.

Revenue increased 28 per cent to RM90 million for the quarter under review, from RM70.2 million.

"The balance sheet management strategy included a capital injection of RM236 million from the group's recently-completed irredeemable convertible secured loan stocks issue exercise," it said in a statement yesterday.
Net profit for the nine-month period through December 31 2009 increased nearly fourfold to RM27.1 million from RM6.9 million a year ago.

Revenue rose by 25 per cent to RM278.7 million, compared with RM222.8 million.

E&O said it will continue with several property launches this year.

In early February, E&O launched the first block of its landmark Quayside Seafront Resort Condominiums project in Seri Tanjung Pinang, Penang, achieving a take-up rate of more than 50 per cent of the total 298 units.

Buoyed by this encouraging response, the group plans to launch the second tower by the second quarter of 2010.

Sales was delay one day.
Post CNY sales begin today?

2 shares of the day, CIMB & KKB, proposing BI, pre opening price already jumped

Good Morning!!
Looks like Uncle Dow dropped last night 3 digits. Perhaps a good shopping day today.

Come to think of it, if CIMB strong showing today, may actually push the CI up...

This post has been edited by VyvernS: Feb 24 2010, 08:55 AM

Look like CI will open in green..........lol

KKB pre opening is way too much.
I was queuing at 3.70...

pressing supermax down

FBMKLCI 30 components only...Just need top weightage to up up and CI will up.
One of them being Taikor Bank

This post has been edited by VyvernS: Feb 24 2010, 08:57 AM

3.90 now, fatt fatt liao ler you & david san!

CIMB 12.80 now!

I want to queue KKB too but the price

Could be more than 2 of us
Anyway, I still need to buy some to avoid odd lot ler.

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Added on February 24, 2010, 8:59 amYou trying to avoid odd lot or not on board yet.


This post has been edited by chyaw: Feb 24 2010, 08:59 AM

how about CIMB?

not onboard yet.

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Added on February 24, 2010, 9:03 am STI: 2,749.96 -32.59

This post has been edited by espree: Feb 24 2010, 09:03 AM

KKB not much ppl buy/sell eh. only small lots. so price can be pushed up easily.

Rupa rupanya CIMB and Public are up, 28 and 10 sen respectively....CI green wor, +3.5 liao...

why transmile suddenly hang with only the last price.. kena suspend?

wah .. look at the cimb..many picking up

LCL is dropping fast.. cabut is it?

This post has been edited by lsmpro80: Feb 24 2010, 09:06 AM

Ouched! I wanna to buy 11lot, but now only go for 1 batang... Just got 1 batang at 4.00

4.00 has plenty of sell queue now.

7000 TRANMIL TRANSMILE GROUP BHD
Announcement Pursuant to Practice Note 17 (First Announcement)

masuk PN17 liao huh?