Stock Name: E&O
Company Name: EASTERN & ORIENTAL BHD
Company Name: EASTERN & ORIENTAL BHD
| Research House: CIMB | Price Call: BUY | Target Price: 1.77 |
Target RM1.77
A likely strong 4Q due to 9M new sales of RM440m is the reason why E&O's 9MFY3/12 results are broadly in line despite coming in at 48% of our full-year forecast. We expect newsflow to pick up pace with the release of details on the tie-up with Sime Darby and STP approval.
A likely strong 4Q due to 9M new sales of RM440m is the reason why E&O's 9MFY3/12 results are broadly in line despite coming in at 48% of our full-year forecast. We expect newsflow to pick up pace with the release of details on the tie-up with Sime Darby and STP approval.
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