We continue disposed some of AeonCR and KPJ and buying into Alaqar KPJ and QCapital.
We continue to increase our holding in Alaqar KPJ REIT as we still like it yield of 7% above plus strong asset review potential and its specialty of all hospital. Meaning full occupancy at all time.
We will continue to let go AeonCR if every RM 0.20 – RM 0.30 increase in price.
We do not like the PE, we do not like the external environment but we feel from the market behaviour that the market is bias to the upwards. It will be a persistant range bound but adjusting upward challenging another all time high.
We will continue to monitor its development. So far almost 300% from our recommended SGD 0.008. We will still buy if the price pulling back a little after the sharp increase last two sessions.
At 12-13 times of PE for AeonCR, we opt to start reducing our holding. We mildly buy Bingo.HK, Stemlfe and FocusP.
He is a great investment guru. He is a kind person. He down to earth. He doing his part worldwide with Bill. I hope he will be well.
We still dont like the valuation at 1,600 level thus, we continue our nibbling on quality and recovery stocks that show brilliant valuation.
There is fundamental support of LBS though we still do not think it has a strong branding. For Mtouche, it is worst. No fundamental but purely corporate development. Interestingly, both stocks will do well and we given a higher TP from now.