Analysts say Kerjaya Prospek’s Tee brothers' E&O takeover offer unattractive but fair, recommend holders to accept
Affin Hwang Capital’s analyst Loong Chee Wei in a note today said, he believed the takeover price of 60 sen is reasonable given the high implied FY22 price to earnings ratio of 28 times and challenging prospects for E&O as border closures remain, which affects the sales of its high-end residential project.