Last call to buy E & O......price is very cheap now at only $1.19
Remember this I post earlier....pdf attached too.
KUALA LUMPUR: Hwang DBS Vickers Research has raised the Target Price for Eastern & Oriental Bhd (E&O)'' to RM1.70 (from RM1.40) based on 20% discount to RNAV of RM2.14.
It said on Wednesday, Jan 12 E&O's net gearing has improved significantly to 32% (2QFY10: 79%) post-rights issue, while unbilled sales stands at a record RM605 million (2.1x FY10 property development revenue).
'Given its prime landbank, strong execution track record, and attractive valuation, we see E&O as a potential M&A/JV candidate,' it said.
Remember I said too that it's new project is of value $12 billion .....yes, not $12 million & not $1 Billion but a huge figure of mind bogging $12 Billion.
......suppose to be approved by Government in mid-2011.....yes about 3 months away & moreover this $12 Billion project will be a JV with a bumi partner. .....so sure to be approved & so think of the profits....think of a convervative figure profit of 10 to 15%.
One more thing......buy now as it's 3Q report will be out on Friday 25th Frbruary 2011....that is tomorrow. .......so what say you? want to take a chance before it's report is out? ....I am sure it's report will be good....see the past reports summary pic enclosed.
More....Quayside luxurious condominium [picture enclosed too]
QUOTE
Saturday January 23, 2010
E&O Prop will soon launch RM1.8bil condo project
GEORGE TOWN: E&O Property Development Bhd will launch the RM1.8bil Quayside luxurious condominium at its sea-fronting Seri Tanjung Pinang project in Tanjung Tokong early next month.
Group general manager (marketing and sales) Lim Hooi Yen said the scheme on a 21-acre freehold land would resemble the home projects on Sentosa Island (Singapore) and Sovereign Island in the Gold Coast (Australia).
Speaking at a media briefing, she said the project would comprise seven blocks of high and low-rise condominiums, surrounded by 4.5 acres of water park and a 6.9-acre tropical garden.
“Next to Quayside is the Straits Quay, comprising a serviced suite component and a 250,000 sq ft of marina and retail space that will be leased to food and beverage outlets,” Lim said.
The serviced suite component had over 200 apartments, she said, adding the Straits Quay would be ready by the year-end.
The Straits Quay, and the size of both the water park and tropical garden, was what distinguished the Quayside condominium from other projects of its kind in Penang, she added.
“We will be going to Britain, Hong Kong, and Singapore to market Quayside where we expect some 30% of our sales will come from,” she said.
Lim said that on Feb 6, only the first block – a 26-storey building with 298 units – would be opened for sale.
“The other seven blocks will be launched in phases over a five year-period. The first block is targeted for completion in 36 months,” she said.
The Quayside is located within the first phase of the 908-acre Seri Tanjung Pinang housing project.
Lim said that to-date, only the first phase, comprising 240 acres of reclaimed land, had been developed.
“Over 500 landed residential properties have been developed and sold in the first phase.
“The estimated gross sales value for the first phase, which includes the Quayside and Straits Quay, is RM4bil,” she said.
And what about the Sri Tanjung Pinang project...yes, it cost $7.8 million for 1 villa or bungalow.
...picture enclosed too.
Cheers to all......best of luck to you all.....happy investing.
This post has been edited by monkeyking: Feb 24 2011, 04:39 AM Attached thumbnail(s)
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Feb 23 2011, 11:50 PM
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Cheers.
I want revenge, pls green today........
10.00am is important time..............let see
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