We continue to favour FocusP and Stemlfe due to its valuation and its potential. We are now focusing on these two smallcap plus long term collection of Tomei.
We are not sure why Overseas has a good run these two days. But we are happy to cut loss as since it listing till now, the fundamental performance is not as to what we expect. We glad to cut loss at 210 against our cost of 220
We disposed all Deleum & re-invested into FocusP and Alaqar REIT
Routine reinvestment to top picks.
We continue to amaze with high PE of KPJ given and Deleum with a surprise bonus issue annoucement to justify the recent price uptrend.
In exchange, we bought Tomei, Oldtown and Arreit
Good performance cheered by over night Dow Jones. Still right price for Oldtown and Teledata.
One contract at USD 400 and another one at USD 530. We have an average short position of USD 465
We believe it is still highly undervalue and we continue recommending a buy below SGD 0.015. With a right issue coming at SGD 0.005, it certainly make Teledata attractive in near term.
Anything links with Greece is not a new problem. I understand the degree of the problem of Greece. Although it will not collapse the whole world but it does has an impact on Euro if it fall. But actions by the European union is clear. They have to rescue all parties involved. It will not be something new to me unless reaching the bottom line of collapse. If not, it is just another excuse for a market correction.
Slower growth? All factored but the markets of the world still moving forwards. Inflation that direct translate into higher stocks and assets prices still on going. We stay firm on market upwards bias until new data or situation may emerge.
Summary – Continue to re-invest base on values and evenly split across dividend stocks, REITs and growth stocks. Of course with some gold as well.