Bursa Building

Eastern & Oriental Bhd - 3417(E&O)

Eastern & Oriental Bhd - 3417 (E&O)

Eastern & Oriental Bhd lists under Main Market of Bursa Malaysia. It has been classified in the Properties sector. The stock code uses in Bursa Malaysia is "3417" or identify by stock name of "E&O". More information about Eastern & Oriental Bhd can be found in their website (www.easternandoriental.com).

EntitlementEx-DateLodgementPayment
First and Final Dividend 4.25¢08-10-201210-10-201202-11-2012
First & Final 2 cents11-10-201113-10-201103-11-2011
Stock quote also available at Bursa Malaysia, The Star.
 

Eastern & Oriental Berhad (EOB) is listed on the Main-board of Bursa Malaysia. The Company has interests in 3 core business activities; namely hospitality and lifestyle, property development and property investment.

EOB undertook the meticulous refurbishment and upgrading of the heritage Eastern & Oriental Hotel (E&O Hotel) as well as Lone Pine Hotel in the late 1990s. Since it was established by the Sarkies Brothers in 1885, E&O Hotel has charmed travellers from near and far, creating a reputation to match its sister hotels – The Raffles, Singapore and The Strand, Rangoon - also founded by the Sarkies. Lone Pine Hotel is the oldest beach hotel, established in 1948, along Penang Island's famed tourist strip of Batu Ferringhi. There are ongoing efforts to capitalise on the hotel management expertise currently available, and extend this service to enable the Group to eventually manage a portfolio of hotels and resorts within Malaysia as well as around the region.

In 2007, EOB embarked on a new food and beverage (F&B) venture, via the acquisition of a substantial stake in The Delicious Group, which currently operates Delicious restaurants in One Utama, Bangsar Village II and Marc Residence and will soon open another at Dua Annexe (adjacent to Dua Residency), D'lish in Bangsar Village I and Mid Valley Megamall as well as Reunion Chinese Restaurant at Bangsar Village II. With F&B closely linked to lifestyle in the larger mindset, synergies are evident in the strategic positioning of Delicious restaurants in prime urban commercial/retail properties that E&O will retain.

E&O Property Development Berhad (E&OProp) is the property development arm of EOB. Prior to the formation of E&OProp, EOB undertook several prestigious property projects within Kuala Lumpur. Along Jalan Ampang's Embassy Row, EOB completed residential developments such as Sri Se-Ekar and 202 Desa Cahaya (202 DC), whilst at nearby Kampung Warisan, Malaysia's celebrated cartoonist Datuk Lat successfully conceptualised a traditional Malay village ambience within the heart of the capital.

Presently, E&OProp focuses on building premium homes within prime locations of Klang Valley and on Penang Island. E&OProp has recently completed the high-end condominium Dua Residency, located within the vicinity of the Kuala Lumpur City Centre (KLCC) as well as Idamansara, located in Kuala Lumpur's highly prized residential address of Damansara Heights. Seventy Damansara is another one of E&OProp's signature development with 12 exclusive detached homes within a gated and guarded community. On Penang Island, the masterplan seafront development Seri Tanjung Pinang is situated minutes from Millionaires' Row of Gurney Drive, underpinning E&OProp's consistent business strategy of focusing on development in prime areas where demand is prevalent.

The newly-established Property Investment division's core mandate is the acquisition of select landbanks and properties that provides EOB with steady, recurring income flow and opportunities for capital appreciation in the longer term.

Latest News

 
Eastern & Oriental gets approval for Penang land reclamation - The Star Online

The Rakyat Post

Eastern & Oriental gets approval for Penang land reclamation
The Star Online
KUALA LUMPUR: Eastern & Oriental Bhd has received the Penang State Department of Town and Country Planning's approval to carry out its land reclamation off Penang island. It said on Monday its unit Tanjung Pinang Development Sdn Bhd (TPD) had ...
Nod for E&O to conduct land reclamation off PenangThe Rakyat Post
E&O gets nod for STP2 reclamation worksNew Straits Times Online

all 4 news articles »
Malaysia's Mah Sing among Nomura top picks in Asean - The Star Online

The Star Online

Malaysia's Mah Sing among Nomura top picks in Asean
The Star Online
It downgraded Eastern & Oriental, UEM Sunrise and UOA Development to “neutral” with respective target prices of RM2.27, RM1.65 and RM1.84 respectively. It downgraded Glomac to “sell” with a lower target price of 88 sen (6.5% downside), as it believed ...

and more »
RHB lowers E&O's target price to RM2.27 - New Straits Times Online

New Straits Times Online

RHB lowers E&O's target price to RM2.27
New Straits Times Online
RHB Research Institute has downgraded Eastern & Oriental Bhd (E&O) to “neutral”, in line with its downgrade for the property sector to the same recommendation. The E&O revision comes with a lower target price of RM2.27. “The company's high exposure to ...

Hiap Teck's plant to start production next year - The Star Online

Hiap Teck's plant to start production next year
The Star Online
The plant is owned by Hiap Teck, a steel pipe manufacturer, through its 55%-owned Eastern Steel Sdn Bhd with an initial cost of RM754mil. Other major shareholders of Eastern Steel are Orient Steel Investment Pte Ltd and Chinaco Investment Pte Ltd with ...

and more »
E&O Q2 earnings up 29% to RM21m - The Star Online

Malay Mail Online

E&O Q2 earnings up 29% to RM21m
The Star Online
KUALA LUMPUR: Property developer Eastern & Oriental Bhd saw its net profit climb 29% to RM21.24mil on higher revenue of RM77.29mil for the second quarter ended Sept 30, 2014. For the first half period, E&O posted a 22% increase in revenue to ...
E&O's Q2 pre-tax profit rises to RM31.39mMalay Mail Online
E&O Q2 net rises to RM21.24mNew Straits Times Online
E&O's Q2 pre-tax profit rises to RM31.4 millionThe Malaysian Insider

all 5 news articles »
Penang developers plan RM4.7bil worth of affordable houses - The Star Online

Penang developers plan RM4.7bil worth of affordable houses
The Star Online
Developers planning such new properties include Eastern & Oriental Bhd (E&O), Boon Siew Group (BSG), Tambun Indah Land Bhd and Ideal Property Group, which owns Ideal United Bintang Bhd and Ideal Sun City Bhd. Ideal accounts for about 68% or ...

Trading ideas: Perduren, E&O, IJM Corp, Wah Seong Corp, Sunway REIT - The Star Online

Trading ideas: Perduren, E&O, IJM Corp, Wah Seong Corp, Sunway REIT
The Star Online
KUALA LUMPUR: JF Apex Research expects Perduren, Eastern and Oriental, IJM Corp, Wah Seong Corp and Sunway REIT to be among the stocks which could attract interest amid a cautious market. It said on Tuesday US stocks fell sharply overnight with ...

and more »
Sime Darby posts higher Q1 earnings of RM500.7m - The Star Online

Sime Darby posts higher Q1 earnings of RM500.7m
The Star Online
Its property division posted a 100% increase in PBIT of RM137.1mil from RM65.5mil partly due a gain on the disposal of a 9.9% equity interest in Eastern & Oriental Bhd amounting to RM55.5mil. Excluding this gain, the division's PBIT increased 25% due ...

and more »
E&O to kick off reclamation for STP 2 - New Straits Times Online

E&O to kick off reclamation for STP 2
New Straits Times Online
EASTERN and Oriental Bhd (E&O) is set to commence with the pre-qualification of reclamation contractors for the second phase of its Sri Tanjung Pinang (STP 2) project this month. AmResearch Sdn Bhd said the tender is expected to be called next month ...

and more »
Eastern & Oriental proposes bonus issue, warrants, RM500m debt notes - The Star Online

Eastern & Oriental proposes bonus issue, warrants, RM500m debt notes
The Star Online
KUALA LUMPUR: Eastern & Oriental Bhd has proposed a corporate exercise involving a bonus issue, free warrants and the issuance of up to RM500mil in nominal value of private debt securities (PDS). It had on Friday proposed a bonus issue of up to ...

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