Thursday, June 07, 2007

Eastern & Oriental Berhad


Filing to Bursa Malaysia shows that Goldman Sachs International (GS) has disposed a total of 720,000 securities of E&O on 29 May and 30 May. This is the first time GS disposed E&O shares in recent months.
After the mentioned disposal, GS still holds a total of 30,255,300 shares, which represents 8.21% in E&O. I noticed that there were many sellers for E&O in today trading.
Is it the time for us to cash out part of our holdings in E&O now? You should note that the market interest has shifted from major players like SP Setia, Mah Sing and E&O to second liners, such as DNP and Equine. However, in my opnion, they appear to be more speculative than reflecting the value in the companies.
I would think YTLLAND, SDRED, PJDEV and DIJACOR are better options for value investing.

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