Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Tuesday, May 12, 2009

E & O Properties

On Friday, I posted that E & O is a counter worth watching. 52 weeks high at RM1.80 with price at 74 sen on Friday. To those who bought in on Friday or yesterday, you would have pocket a gain of at least 18% (RM1,400 per 1 big lot). It closed at 91.5 sen today. If rally continues, watch it take RM1.50

I continue to like this counter because it still has more upside compared to other property stocks. At 91 sen, it's about half of its highest RM1.80
Its low PER is attractive at 4

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