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 4.25ยข08-10-201210-10-201202-11-2012
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

 
Value of Penang construction jobs to increase 5%-10% from 2013's RM6.59bil - The Star Online

Value of Penang construction jobs to increase 5%-10% from 2013's RM6.59bil
The Star Online
... Sing Group Bhd (RM280mil), DNP Land Sdn Bhd (RM800mil), a subsidiary of Wing Tai Malaysia Bhd, Ideal United Bintang (RM935mil), Tambun Indah Land Bhd (RM616mil), Sunway Bhd (RM290mil), S P Setia Bhd (RM300mil), and Eastern & Oriental Bhd ...

E&O crosses major hurdle - The Star Online

E&O crosses major hurdle
The Star Online
PETALING JAYA: After three years, Eastern & Oriental Bhd (E&O) has crossed a major hurdle by obtaining the conditional approval from the Department of Environment (DOE) to develop phase two of its Seri Tanjung Pinang (STP) project involving the ...

E&O upgraded to 'trading buy' from 'neutral' - The Sun Daily

E&O upgraded to 'trading buy' from 'neutral'
The Sun Daily
PETALING JAYA: MIDF Research Bhd has upgraded Eastern & Oriental Bhd (E&O) to "trading buy" from "neutral" after the property developer obtained conditional approval from the Department of Environment (DOE) for the proposed reclamation of 760 acres ...

and more »
E&O share price rises to RM2.30 in tandem with progress in STP project - The Star Online

E&O share price rises to RM2.30 in tandem with progress in STP project
The Star Online
PETALING JAYA: Eastern & Oriental Bhd (E&O) has taken another step in realising the development of phase two of its Seri Tanjung Pinang (STP) project in Penang. Last Friday, the company completed the public display of the detailed environmental impact ...

Don't approve STP2 yet, govt urged - Free Malaysia Today

Don't approve STP2 yet, govt urged
Free Malaysia Today
Yesterday Eastern & Oriental Berhad (E&O) announced that its subsidiary, Tanjung Pinang Development Sdn Bhd (TPDSB), had on April 11 received a conditional approval letter from the DOE. The letter was dated April 10. The detailed environmental impact ...

E&O gets approval for STP2 project - The Borneo Post

E&O gets approval for STP2 project
The Borneo Post
KUCHING: Property developer Eastern and Oriental Bhd (E&O) has obtained government approval for its proposed development of Seri Tanjung Pinang Two (STP2) project. The company in a filing to Bursa Malaysia yesterday said its subsidiary Tanjung ...

AmResearch reaffirms Overweight on property sector - The Star Online

AmResearch reaffirms Overweight on property sector
The Star Online
KUALA LUMPUR: AmResearch has reaffirmed its Overweight stance and Buy ratings on developers Mah Sing Bhd, Eastern & Oriental and IJM Land as it believed sentiment towards on property equities may be turning the corner. In a research note issued on ...

Key Asian markets mixed, KLCI slips to 1850 - The Star Online

Key Asian markets mixed, KLCI slips to 1850
The Star Online
Dialog fell 16 sen to RM3.43, Dialog call warrants, Dialog-CR lost 14 sen to 35 sen while Dialog-WA was down 13 sen to RM1.34 on investor concerns about a suit filed by Tanjung Langsat Port Sdn Bhd. SapuraKencana fell six sen to RM4.29 ... Eastern ...

and more »
SBC Corp set to catch investors eye - The Sun Daily

SBC Corp set to catch investors eye
The Sun Daily
Among the property stocks under the research house's coverage, Foo highlighted that SBC has the highest GDV/market cap ratio of 21.1 times, followed by Eastern & Oriental Bhd's 16 times. "We believe that this shows that the stock has potential value to ...

AmResearch: Federal approval for E&O reclamation very significant - The Star Online

AmResearch: Federal approval for E&O reclamation very significant
The Star Online
KUALA LUMPUR: AmResearch views the Department of Environment conditional approval for Eastern & Oriental's subsidiary to undertake the reclamation of Phase 2 of Seri Tanjung Pinang (STP2) at Tanjung Tokong, Penang as a "very significant one". It said ...

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