PETALING JAYA: Property developer Eastern & Oriental Bhd
’s (E&O) three-year plan to double market capitalisation via higher sales target and net profits may be achievable via branding efforts and strategic tie-ups.
Hwang DBS Vickers Research analyst Yee Mei Hui noted that the company has a target of RM1.5bil to RM2bil worth of property launches per annum from financial year ending March 31, 2014 to financial 2016, with RM3bil to RM4bil of launches thereafter to achieve sustainable net profit of RM270mil to RM300mil from 2017 onwards.
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