E&O setting up for a rise?

Property laggard?... well, E&O is definitely a name that most people in Penang island is aware of because of the famous hotel by the sea and the many famous projects near Ferringi (Seri Tanjung Pinang, Straights Quay projects). With the relatively large strategic landbank and since the E&O mainly focus on high end residential properties and the fact that the stock has a higher beta and at the same time its a rather liquid stock as well.

Target price remains >RM1.95. Something is brewing in the stock in my opinion.