Property stock

Finally, Sunrise has managed to break RM2.50 resistance level. E&O also breaks thru RM2.30 resistance level. They are very safe bets in property stocks. Sunrise will remain its good results with Mont Kiara development while E&O will remain the major player for the property development with Sri Tanjung Pinang in Penang island. Both E&O related companies - E&O Prop and Putra Perdana are doing very well as well. UBS and Goldman continued to purchase E&O share recently. At least RM3 is my personal target for E&O.

Mah Sing is yet to move. Sit down patiently and I believe it will sail to RM6.50 in medium term. The advantage of Mah Sing is they have projects in Johor where the property value will increase due to IDR theme. Mah Sing has the ability to launch new projects in shorter period as well. E&O does not do well in this area.

Meanwhile, are IDR counters worth with the current prices? Their prices continue to raise like nobody business. Just let us think carefully, what happened to Ekran which only rely on the money from Government? Nothing wrong to ride with the current trend, but better not to sit there comfortably without jumping out ...

-Value Investing-