KLCI hit 1640 and closing to 1650, we sold high PE and swap to low PE

We sold UMW at RM 10 half of our portfolio. Also to Oldtown RM 2, half of what we are holding. We changed it to Tomei, Spritzr, UOAREIT, Allianz. We believe this round the crisis is well shield-ed. Everything back to earnings instead of timing. We staying invested but will be cautiously optimistic and defending as strategy.

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