Latest news with #E&O
The Sun
2 days ago
- Business
- The Sun
E&O launches Conlay Signature Suites, optimistic on foreign demand for luxury residences
KUALA LUMPUR: Eastern & Oriental Bhd (E&O) is banking on sustained demand for luxury residences among foreign buyers, with more than 70% of its landmark Conlay by E&O development already taken up by international purchasers, led by investors from Taiwan, China, Singapore, Japan and Western countries. The Conlay Signature Suites, the upper-tier second phase of Conlay by E&O, has recorded a take-up rate of 40% since its soft launch in May, with overall project sales reaching about 76%. E&O managing director Kok Tuck Cheong said the group remains optimistic about the resilience of the luxury property segment, especially in the Kuala Lumpur City Centre (KLCC) area, where discerning buyers continue to prioritise quality, location and service over price. 'Projects like Conlay are not driven by cost alone. Buyers in this segment are looking at quality, location and architectural identity, and we have delivered that,' he said at the official launch of Conlay Signature Suites today. The premium freehold development, located near the Conlay MRT station and the KLCC, has seen strong market traction despite global economic headwinds and Malaysia's evolving property market. He added that international buyers see Kuala Lumpur as undervalued compared to other regional capitals. 'Our buyers, especially from East Asia and Europe, view KL as offering excellent value for lifestyle property. With our collaboration with Mitsui Fudosan, we are giving them both luxury and legacy,' Kok said. The 491-unit project, developed in collaboration with Japan's Mitsui Fudosan Group, sits on 1.44 acres of freehold land and has a gross development value of RM968 million. Unit prices in the Signature Suites range from RM1.52 million to RM12 million, offered fully furnished under a build-and-sell concept. While Conlay Signature Suites nears completion, Kok revealed that E&O is preparing to launch a development in Elmina, on the outskirts of Kuala Lumpur in the fourth quarter of this year. This marks the company's ongoing push into affluent growth corridors beyond the city core. The Elmina development will reflect what we have learned from Conlay Signature Suites; it won't just be about square footage, but lifestyle integration. We're observing the evolving demand patterns,' he said. When asked about landbank expansion, Kok said E&O remains open to acquiring new plots but stopped short of disclosing specific locations or land size. 'We're selective. It's not about how much land we have but where it is and what we can do with it.' The move to Elmina reflects a broader trend among developers repositioning themselves in Klang Valley's high-growth outer ring, amid rising land and construction costs in the city centre. Touching on policy issues such as the Foreign Source Income Tax and the change in the Overnight Policy Rate, Kok said current E&O projects are unaffected due to fixed-price, opt-in contracts. 'Any changes in tax policy will ultimately affect the entire value chain, including end buyers. But for Conlay and our ongoing projects, we're not impacted.' Kok acknowledged that building Conlay was particularly challenging due to its architectural demands. The contractor, KPI Prospect, had to undertake meticulous coordination to deliver the iconic design envisioned by Kerry Hill Architects and GDP Architects. 'The structure is deceptively simple, but technically complex. We had to coordinate precision detailing, from facade fins to interior finishes, and we're proud of the result,' Kok explained. E&O faces stiff competition in the luxury high-rise segment, particularly in the KLCC precinct. However, the group believes Conlay Signature Suites's design pedigree, wellness-driven amenities, and full-service offerings have helped it stand out. The Signature Suites range from 635 sq ft to 3,617 sq ft, featuring facilities such as sky dining, music rooms, wellness floors, a heated infinity pool, and 24-hour concierge services, including a personal chef. The development has secured provisional GreenRE Gold certification for sustainability. 'This building will be a landmark not just architecturally, but as a symbol of urban resort living in the heart of Kuala Lumpur,' Kok said. As the group moves towards launching its Elmina project and explores future opportunities, E&O appears set to retain its niche in delivering high-end, lifestyle-driven developments for both local and international buyers.
New Straits Times
2 days ago
- Business
- New Straits Times
E&O shrugs off SST hike, sets sights on upscale expansion
KUALA LUMPUR: Eastern & Oriental Bhd (E&O) has assured that its current property developments, including the newly launched Conlay Signature Suites, will not be affected by the revised Sales and Services Tax (SST), although future projects will inevitably factor in the higher tax regime. Managing director Kok Tuck Cheong said all of the group's current developments, including the newly launched Conlay Signature Suites, were sold under fixed-price contracts before the SST revision and therefore remain unaffected. "SST is going to affect everyone in business. Ultimately, end-users and consumers will share some of the burden," Kok said at the launch of Conlay Signature Suites here today. He added that while future developments will be guided by updated government policies, E&O's focus on the luxury market means its customers are driven more by quality than by price. While acknowledging that SST may create cost pressures across the broader property market, Kok noted that E&O operates in a niche, premium segment where buyers in the premium segment prioritise distinctive architecture, thoughtful layouts, refined finishes, and exclusive amenities. "For signature projects like ours, price is not the key factor. Buyers in this segment are discerning; they look for quality finishes, iconic architecture, well-considered layouts, and lifestyle-driven amenities. These are what captivate buyers in this demographic." Despite broader concerns over the rising cost of construction and potential pressure on margins, Kok remained confident in the company's position, citing strong demand for design-led, high-end residences – even amid global economic uncertainties and geopolitical tensions. Located at the intersection of Jalan Kia Peng and Jalan Conlay, Conlay Signature Suites is a joint development with Japan's Mitsui Fudosan. It is the final phase of E&O's landmark luxury development, Conlay. Conlay is a 51-storey luxury serviced apartment with a total of 491 units, first launched in 2019. Conlay Signature Suites is positioned on the upper floors of the tower, featuring 194 fully furnished freehold units ranging from 635 sq ft to 3,617 sq ft. Prices start at RM1.52 million and reach up to RM12 million for the largest penthouse units. "Every detail of the Signature Suites reflects our deep commitment to hospitality and craftsmanship. We believe this offering will resonate with those seeking both a legacy address and a lifestyle investment," Kok said. He noted that E&O's focus remains on delivering distinctive, high-end developments, such as Conlay Signature Suites, and its upcoming project in Elmina, located on the fringe of the Kuala Lumpur city boundary, which is scheduled to be unveiled in the fourth quarter of this year. "The next project will be a headline-grabbing one," Kok teased, without revealing further details. Looking ahead, Kok believes Malaysia's steady economic fundamentals and growing appetite for premium properties will continue to support E&O's strategy. "We remain positive because our projects are designed to meet the expectations of our target buyers. Even Malaysians today are increasingly willing to pay for distinctive designs and iconic structures," Kok said.
Yahoo
4 days ago
- Business
- Yahoo
Investing in Eastern & Oriental Berhad (KLSE:E&O) five years ago would have delivered you a 132% gain
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. For example, the Eastern & Oriental Berhad (KLSE:E&O) share price has soared 124% in the last half decade. Most would be very happy with that. It's also good to see the share price up 12% over the last quarter. But this could be related to the strong market, which is up 4.8% in the last three months. Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the last half decade, Eastern & Oriental Berhad became profitable. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here. Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. We can see that the Eastern & Oriental Berhad share price is up 88% in the last three years. Meanwhile, EPS is up 15% per year. Notably, the EPS growth has been slower than the annualised share price gain of 24% over three years. So one can reasonably conclude the market is more enthusiastic about the stock than it was three years ago. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. We'd be remiss not to mention the difference between Eastern & Oriental Berhad's total shareholder return (TSR) and its share price return. Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. Its history of dividend payouts mean that Eastern & Oriental Berhad's TSR of 132% over the last 5 years is better than the share price return. We regret to report that Eastern & Oriental Berhad shareholders are down 12% for the year. Unfortunately, that's worse than the broader market decline of 6.8%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. On the bright side, long term shareholders have made money, with a gain of 18% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should learn about the 2 warning signs we've spotted with Eastern & Oriental Berhad (including 1 which makes us a bit uncomfortable) . But note: Eastern & Oriental Berhad may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Malaysian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Sun
15-06-2025
- Business
- The Sun
Malaysian-owned The Lincoln Suites among world's top 10% hotels for third consecutive year
KUALA LUMPUR: The Lincoln Suites, a hospitality property in Central London owned by Malaysian company Eastern & Oriental Bhd (E&O), has once again been recognised with the Tripadvisor Travellers' Choice Award, placing it among the top 10 per cent of hotels worldwide for the third consecutive year. E&O executive chairman Datuk Seri Tee Eng Ho said the accolade reflects consistently strong guest satisfaction, as measured through verified reviews, ratings, and saves on the world's largest travel platform over a 12-month period. 'We are proud that E&O's distinct brand of refined living, shaped by our heritage and vision as a Malaysian company, continues to earn international recognition. 'The Lincoln Suites' success reflects our ability to compete on a global stage while staying true to the values that define E&O,' he said in a statement today. Located along Kingsway in London's historic Midtown district, The Lincoln Suites is housed within a meticulously restored Edwardian building, offering contemporary, self-contained suites for urban travellers seeking comfort, flexibility, and location. Comprising 54 elegantly appointed studios, one-bedroom and two-bedroom apartments, The Lincoln Suites offers guests the convenience of home with the polish of a boutique hotel. Tripadvisor's Travellers' Choice Awards celebrate the highest-rated properties around the world, based on millions of genuine traveller reviews across key metrics including service, cleanliness, location and overall value.
The Sun
15-06-2025
- Business
- The Sun
E&O's Lincoln Suites Wins Tripadvisor Award for 3rd Year
KUALA LUMPUR: The Lincoln Suites, a hospitality property in Central London owned by Malaysian company Eastern & Oriental Bhd (E&O), has once again been recognised with the Tripadvisor Travellers' Choice Award, placing it among the top 10 per cent of hotels worldwide for the third consecutive year. E&O executive chairman Datuk Seri Tee Eng Ho said the accolade reflects consistently strong guest satisfaction, as measured through verified reviews, ratings, and saves on the world's largest travel platform over a 12-month period. 'We are proud that E&O's distinct brand of refined living, shaped by our heritage and vision as a Malaysian company, continues to earn international recognition. 'The Lincoln Suites' success reflects our ability to compete on a global stage while staying true to the values that define E&O,' he said in a statement today. Located along Kingsway in London's historic Midtown district, The Lincoln Suites is housed within a meticulously restored Edwardian building, offering contemporary, self-contained suites for urban travellers seeking comfort, flexibility, and location. Comprising 54 elegantly appointed studios, one-bedroom and two-bedroom apartments, The Lincoln Suites offers guests the convenience of home with the polish of a boutique hotel. Tripadvisor's Travellers' Choice Awards celebrate the highest-rated properties around the world, based on millions of genuine traveller reviews across key metrics including service, cleanliness, location and overall value.
