Routine investment and we opted to be more defensive in nature. On the other hand, we are lowering down our debts and increasing cash positions as equal portion of the re-investment.
Mudajaya 13.93 / Qtr; Maybank 17.22 / Qtr; Ahealth 8.55 / Qtr; Apex 1.53 / Qtr; UOADev 12 / Qtr; Bonia 6.55 / Qtr; Bernas 3.88 / Qtr; Tomei 4.47 / Qtr; KHIND 1.12 / Qtr
Overall not an interesting quarter. Mostly fall into expectation with higher revenue but higher cost that eroded profits. Mudajaya, Maybank and Ahealth continue its good revenue and profit run. We will monitor another quarter or two.
PS: Century Logistics and Voir have good quarter.
Update of portfolio activities of the week. Splendid results from Favco, Tasco and FocusP. We start re-investing REITs dividend income back to good stocks. A simple definition of sleep well but money work for you counters.
We will buy in further these 3 counters due to its continuous grow in revenue, profits and brand.
China has cut bank reserve requirement for another 0.5%. This is significant as the second largest economy feel the impact.
In this case, properties prices that suppose to correct may resume upward trend in 3-6 months. So do KLCI 1600 will be on it’s way.
Not necessary a better performance but no choice that while world banks printing more money, even the one suppose to tighten let lose. More inflation to come.
Probably a good timing for Asean rebuilding bubbles. If it is correct, the run will be another 6-12 months and now is good timing to enter the market again.
It may not cross, but bias upward trend towards 1,600. I do not think there is enough good news probably money getting smaller and inflation again.
We still persist on re-investing dividend into half REITs and half equities. But defensive and undervalue as nature.
We are really not sure if there are small caps fund seen value in both counters or there is a potential General Offer as it is highly under value. But Tomei at RM 0.900 above and Poh Kong at RM 0.600 above temp trigger our hold from long term purchase.
Started to hold AscottREIT listed in Singapore exchange as its yield is stable at 8%.