Property stocks are hot

Read this information from The Edge (http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_4ab6c5b1-cb73c03a-22ce0000-cc27dfdb).

Top picks from CIMB are SP Setia and Mah Sing. Looking at today closing prices, Mah Sing is a good buy as it yet to recover back to RM5. It would be a bit risky in my opinion to buy SP Setia at this moment due to the price has increased to RM7+. Generally, the direction for Bursa Malaysia is not clear at this point of time. So, I would not bet in those stocks which their prices are close to all time high.

Meanwhile, E&O remains undervalued. E&O subsidiary - Putra Perdana has been doing very well recently with the award of 2 additional contracts. E&O Property Development stock price is closed at RM2.4+ today. E&O share price does not move much and as I mentioned before, it is one of the safest stock for medium-long term invesment purpose.

Finally, Sunrise Bhd continues it's uptrend where it hit intra day high at RM2.40 before it closed at RM2.33 today. Looking at the current trend, fund managers may bought a stake in Sunrise. Will it be either Goldman, UBS or Capital Group?

All the best!