PETALING JAYA: Eastern & Oriental Bhd
’s (E&O) core earnings projection have been raised on the back of significant interest savings following the conversion of its loan stocks into ordinary shares.
Research house Kenanga Research raised E&O’s core earnings projection for the financial year ending March 31, 2012 (FY12) and FY13 by 8% to 16% respectively as the loan stocks carried a hefty coupon interest rate of 8% per annum.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
