Saturday, April 28, 2007

Expect Nothing Ordinary


Finally, E&O Bhd share price has moved up RM2.73 on last Friday. Meanwhile, it's 51% owned subsidiary Putra Perdana closed RM2.02 and its 68% owned E&O Prop Dev closed at RM3.60.
With reference to E&O's stake in E&O Prop Dev, it should value at around or close to E&O Prop Dev share price. This means that E&O Bhd stock price remains undervalued. Not to forget, E&O also owns Putra Perdana and 2 hotels in Penang island. It is really attractive to invest in this company as you almost got the 2 hotels free, at no cost.
I believe I do not need to say anything further about E&O Prop Dev as it has enough publicity. I would like to press on Putra Perdana which is doing quite well. It has declared dividend for it's last quarter result as well.
So, it is a good oppurtunity to buy in now before it continues to rise ...
In conclusion, it is 'Easy Money Opportunity'

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