gsg_stock discussion

Sector Watch- Property companies in Malaysia

I have been bullish about the malaysian property companies recently and I am happy to know that my views and stockpicks turn out well afterall.

Stockwatch- E&O Property on 9 Nov 2006, stock price was RM1.40, currently (17 Nov 2006) at RM1.55, positive return of 10%.

Stockwatch- IGB on 28 Oct 2006, stock price was RM1.41, currently at RM1.75, positive return of 24%.

Stockwatch- KLCC Property on 25 Oct 2006, stock price was RM2.27, currently at RM2.57, positive return of 13%.

The 3 stocks happen to move up strongly in a period in which the KLCI move strongly above 1000pts, during a period in which all regional stock markets performed strongly. It also shows the importance of institutional support for stock price as all 3 companies move up strongly on initiation report by Foreign brokerages: E&O Prop by Citigroup, IGB by JP Morgan, KLCC property by Deutsche Bank.

If you are interested to receive such initiation reports through email, contact me.

posted by gsg @ 5:30 PM