EDEN (7471) break strong resistance at 22sen yesterday and closed at 23sen. Today bullish sentiment pushing EDEN stock price higher to 24sen. EDEN closed at day high 24sen in morning session. This afternoon, it is expect to rise further due to strong buying interest. Target price is 30sen.

Eden operates a power plant in Sabah and a mini hydro plant in Kelantan. Other businesses include catering, operations of restaurants and aquariums and manufacturing of low-voltage switchgears. It has also invested in 541.2 acres of vacant industrial lands in Kuantan, which has a book value of RM192.4 million.

Market rumours EDEN will reverse take over (RTO) by a contruction company  link to Sabah tycoon. It is still in early stages, no much information available. But based on EDEN NTA 75sen per shares. Current share price 24sen look attractive.