February 28, 2012

E&O - Strong demand persists

Stock Name: E&O
Company Name: EASTERN & ORIENTAL BHD
Research House: HWANGDBSPrice Call: BUYTarget Price: 1.80



Eastern & Oriental; Hold; RM1.57
Price Target: RM1.80 (Prev RM1.50); EAST MK

Results slightly below our estimates but ahead of consensus. Strong take-up for Andaman condos at record ASP. Maintain Hold, raise TP to RM1.80 from RM1.50

Source: HwangDBS Research 28 Feb 2012

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