We start holding this company after a good opportunity that after we have met up with him last Friday – Mr. Goh.  The impression is till date, he has been the person that we are very impressed.  He knows his business well, he has a good philosophy.  After reviewed its annual report and its recent activities, we believe this is a long term buy for our foreign portfolio.

We continue our mid term acquisition of 比高集團 due to its 3rd actions of starting Stephen Chow movie this month.  After its IP in 长江7号 started year ago together with its TV series landed in China, Singapore and Malaysia.  The group has acquired another 5 cinemas as planned.  We still will continue to buy when market dip.

We have also added 華大地產 as it has a strong and stable budget hotel opetaions.  Current price already under the NTAV plus earnings are further to be boost by new budget hotels soon will be in operation.

Acquired a small block of Teledata, expecting a rebound in business but the timing may be long.  However, at this price, it should be good chance for 1 – 10 return.

Nibbling STAREIT – routine to continue building up steady income portfolio undervalued with good potential to be above 10% in 12-24 months time.

KLCI turned bullish, 1600 is within days. Covered short position and expecting a second liners play after 1600. (Though not convinced)

We have added some shares today and will continue while overal market pull back in the coming days (if any).  Bingo, out of the question for value investing, but we do believe Mr Stephen Chow will be able to turn his Co into a high value branding entertainment company which currently beside of TVB of Hong Kong hardly you can find one.  Bingo is one of our top ten portfolio and we will continue to nibbing when average price below HKD 0.200.

Another strong close from Dow Friday but I am still not convince a bull which not supported by earnings. I will hold the position for 1 more week before decided to cut loss.

KLSE again has not been up agressively even though Dow Jones up more then 150 pts.  Indeed, many bullish about the market but i continue to believe that the earnings valuation does not support a broad rally above 1,600 unless the government call for election in July.  However, bought some Cheetah and Innity as top 30 long term strategy.  Also increasing REITs holding in STAREIT as i still believe that STAREIT and ARREIT are under value with great valuation and next will be Alaqar REIT.  For Layhong, i am convinced that it is time should start accumulate raw food related companies.  In the entire market, i believe Bernas and Layhong are the only value.  Besides Chadoa in Hong Kong that has been beaten down due to some rumours and speculation.