E&O vs E&O Prop

Finally, the major gap between E&O and E&O Prop has appeared in these few days. E&O closed at RM3.08 while E&OP closed at RM4.20 today.
E&OP has surged from RM3.60 to today’s closing price in recent weeks while E&O continues to trade at RM3.00 range. Besides that, Putra Perdana (another E&O 51% owned subsidiary) is closed at RM2.11 today.
As E&OP has increased about another RM0.60, I believe E&O should be following the uptrend which enjoyed by E&OP soon. Looking at current situation, E&O remains undervalued with the investors do not value any single cent for E&O’s holding in Putra Perdana and its hotel operations.
The trading volumes of E&O for the last few days have increased as well. While the sellers remained high, there were parties bought in aggressively as well where it hit the highest point at RM3.12 today.


This should be another easy money opportunity as long as E&OP continues to trade at above RM4.00 and Goldman Sachs does not dispose E&O in bulk.