UEMS, E&O earnings below expectations
Property sector Maintain neutral: Out of eight property developers under our coverage, two (UEM Sunrise Bhd [UEMS] and Eastern & Oriental Bhd [E&O]) reported earnings below expectations.
E&O: No negative impact from Brexit on our UK properties
KUALA LUMPUR (June 29): Property developer Eastern & Oriental Bhd (E&O) said Brexit will not negatively impact the total net realisable value of the group’s properties in the United Kingdom.
Higher admin costs, forex losses hit E&O’s FY16 earnings
Eastern & Oriental Bhd (May 27, RM1.
E&O appoints new MD as Tham redesignated as deputy chairman; Eric Chan resigns
KUALA LUMPUR (May 26): Datuk Seri Tham Ka Hon, managing director (MD) and substantial shareholder of Eastern & Oriental Bhd (E&O) with an 11.
First LuLu store said to open in Malaysia soon
KUALA LUMPUR (April 25): After several delays, Middle Eastern retailer LuLu Group International is expected to commence operations of its first store in Malaysia in May or at the latest by early June, in time to capture the Hari Raya shoppers, said sources.
Eastern & Oriental’s proposed AIM listing terminated
Eastern & Oriental Bhd (April 21, RM1.
Second tower of The Tamarind 80% sold
PETALING JAYA (Feb 26): The second tower of The Tamarind executive apartments in Penang by Eastern & Oriental Bhd (E & O) is 80% sold since its launch in late-2015, the group said in a press statement.
Penang seeks waiver of confidentiality clauses in land reclamation deals
KUALA LUMPUR (Dec 18): The Penang government is seeking the consent of two major development companies to waive the confidentiality clauses in land reclamation agreements signed with the previous Barisan Nasional administration.
The Tamarind Tower B 60% taken up
PENANG: Tower B of The Tamarind executive apartments by Eastern & Oriental Bhd (E&O) has received an encouraging response from buyers with 60% of the units having been taken up within two weeks of its launch in early December.
