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Agreed, E&O have gone from active trading last year to ninja turtle trading this year ha ha. And has not paid dividend regularly in last few years. If only they resume so this Sept. Ha ha
Earnings were largely driven by higher billings from existing projects e.g. s The Meg, Arica as well as the Senna and Fera landed homes at Andaman Island continued to pick up, as well as its newly launched project, The Lume & The Peak and Conlay. all the projects are fully or almost fully sold. The Lume, which features large units, is already 41% taken up.
Healthy pipeline of launches. Marina Apartments will be launched in early December. This project has a GDV of MYR634m, and features 524 units with sizes ranging 900-1,300sqf and an ASP of around MYR1,200psf, is the first seafacing service apartment project on Andaman Island.
Meanwhile, Senna and Fera Phases 3 and 4 (GDV: MYR306m) will be rolled out in May next year, and the first phase of Elmina landed homes is scheduled to be launched in 2QFY26.
LRT project Segment 1 of the Penang LRT Mutiara Line project, which connects Komtar to Silicon Island may boost Andaman Island land value