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).
|First and Final Dividend 4.25¢||08-10-2012||10-10-2012||02-11-2012|
|First & Final 2 cents||11-10-2011||13-10-2011||03-11-2011|
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.
HSR underscores more prospects for rail jobs
New Straits Times Online
The research house has maintained an “overweight” stance on the construction sector, citing Mah Sing Group Bhd, IJM Land Bhd, WCT Holdings Bhd (via WCT Land Bhd), Gamuda (via Gamuda Land), UEM Sunrise and Eastern & Oriental Bhd as key ...
Top builders urged to invest in Tg Aru project
... with Shareda council members for top executives from Sunway Berhad, Sime Darby Property Berhad, SP Setia Berhad, UEM Sunrise Bhd, Gamuda (Property) Berhad, Tropicana Corporation Berhad, IGB Corporation Berhad, Eastern & Oriental Berhad, Mah ...
The Malaysian Insider
Sunway takes No 1 spot in Top Property Developers Award
The Malaysian Insider
Making a comeback to the top 10 of the TPDA this year were veteran players Eastern & Oriental Bhd (E&O) and IOI Properties Group Bhd. Known for its luxury properties, E&O was last ranked in the top 10 list in 2009. IOI Properties was delisted in 2009 ...
Sime makes audacious bid for New Britain but a bidding war could ensue
The Star Online
Sime Darby had similarly surprised the market in 2011 when it acquired a 30% stake in Eastern & Oriental Bhd (E&O), paying a 60% premium over the-then market price for that block. Earlier this year, E&O's managing director Datuk Terry Tham Ka Hon had ...
Mixed developments poised to gain from Budget 2015
The Borneo Post
To a lesser extent, the research firm said UEM Sunrise Bhd could also benefit from their product mix and landbank sale. On the flip side, companies with sizable exposure to high-end properties such as Eastern & Oriental Bhd, SP Setia Bhd and Sunway Bhd ...
MIDF 'neutral' on property sector
Yahoo Malaysia News
To a lesser extent, UEM Sunrise Bhd could also benefit from its product mix and landbank sale. Meanwhile, the research house said this could be a setback for companies with sizeable exposure to high-end properties such as Eastern & Oriental Bhd, SP ...
Research house reaffirms 'buy' call on E&O
Yahoo Malaysia News
EASTERN & Oriental Bhd (E&O) is likely to carve out land parcels at its Sri Tanjung Pinang 2 (STP2) integrated project in Penang for commercial development and sell them to established regional developers to enhance land value, AmResearch Sdn Bhd ...
A Budget for first time buyers?
Yahoo Malaysia News
“This could be a setback for stocks that have more sizeable exposure to high-end properties, such as Eastern & Oriental Bhd, SP Setia Bhd and Sunway Bhd. We are neutral on the (property) sector as we see the GST imposition may lead to some reduction in ...
E&O to focus on 4 key projects for RM3b in next 2 to 3 years
The Malaysian Reserve
Property developer Eastern & Oriental Bhd (E&O) will be focusing on its four key growth development projects estimated around RM3 billion for the next two to three years. E&O's deputy MD Eric Chan Kok Leong said the new projects would be sufficient to ...