Almost the whole world is funded by deficit budget – not just Greece, Italy

The whole is getting bigger, but it will be covered. I believe eventually ECB may use the same strategy as US. After printing a lot of money, devalue it. So your debts are transferred to worldwide’s inflation. Looks like inflation but in fact is devaluation. Italy is not that a worry because its skill and capability is bigger. Just another round of bumpy ride. But we will not buy now, only if they drop for a week.

IBL Fund – bought 20,000 Shares Teledata at 0.009

We have used RM 550.00 acquired Teledata Singapore at rate of SG 1 = RM 2.47 plus commission. We reserved RM 450.00 to subscribe 1 for 2 proposed rights at SGD 0.005 in months to come. We kick start with this investment in a recovery stock from Singapore Exchange.

Disposed Mah Sing; bought Gold; Tomei and Alaqar REIT

We have sold Mah Sing with a quick profit. Utilizing the profit to bought Tomei and capital re-invested into Alaqar REIT as income. We have also mildly added Gold as contigency due to continuous speculation of market crash in 2012-13. We will use this contingency fund to multiply when opportunity arises.

We have bought back MBSB and added Latexx

Due to its recent strong results, we upgrade our view on MBSB on min target of RM 2.00.  For Latexx, we believe the late strong buying indicating certain activities are mulling.  We have added also KHIND and Hektar today.

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