E&O stock price tumbles on cash call


Actual photo of STP Phase One including Straits Quay with illustration of Quayside superimposed.

PETALING JAYA: Eastern & Oriental Bhd (E&O) saw RM318.4mil erased from its market capitalisation as investors were unreceptive towards its cash call despite some analysts saying the move would put the group on a stronger footing.

Affin Hwang Capital Research believes the overhang from the equity issuance would dampen sentiment on the stock in the short to medium term.

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Business , E&O , STP , property , shares , construction , Affin Hwang , cash call ,

   

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