Headline Numbers
Net Profit: RM45.4m (+21.1% YoY)
Revenue: RM183.5m (+10.8% YoY)
EPS: Not disclosed, but profit growth supported by all business segments.
Dividend: None declared.
Key Growth Drivers
Property Sales & Development
Strong residential & commercial contributions.
Conlay Signature Suites: >40% take-up, with solid local & international demand.
Preparing new launches:
Senna & Fera Phases 3 & 4: 68 landed homes on Andaman Island.
3QFY2026 pipeline:
1,080-unit luxury waterfront condos (Andaman Island).
Landed homes + retail shoplots (Elmina).
Hospitality Division
Strong performance, especially in Penang hotels.
Boost from more direct flights & Malaysia–China visa waiver (July 2025), expected to drive tourist arrivals.
Investments
Positive contribution from investment portfolio alongside property segment.
Market Reaction
Share Price: 84 sen (↓1.18% / -1 sen) at noon break.
Market Cap: RM2.1b.
YTD Performance: -11.58%.
Takeaway
E&O delivered a solid quarter with double-digit profit growth, supported by property sales momentum and a resilient hospitality arm. The strong take-up of Conlay Signature Suites and upcoming launches on Andaman Islandand Elmina point to healthy demand pipelines. However, share price remains under pressure YTD (-12%), suggesting investors want clearer visibility on execution and margins amid a challenging property market.
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