We have swapped all APEX securities capital and profits into FocusP, Tomei and Hai-o.
KL market will become one of the most vibrant market in 2012. We believe it will maintain its trend and fair value at 1650. But anything above will not be supprted by fundamental.
We likes FocusP and Allianz
We added some investments on these three REITs as we believe the last value buy that can give yield above 7-8%.
By this time, KLCI just slightly move back towards 1600 level. FocusP traded at 320 and Allianz was RM 5.
We believe temp the market is rebuilding its strength and we are good as we have acquired MREITs, SREITs, Top 5 dividend stocks during the down trend. Our 2012 pick Oldtown traded actively and moving towards our target of RM 2.00
We believe the market weakness is not ended. We continue our defensive bargain hunting.