We like its result for this quarter and last quarter. We believe a stable earnings trend is forming with growth. Expecting around RM 0.40. If current colsing price of RM 3.370 will have a 9 times PE plus discounted book of 15%.  Yield is closing to 5%.  Although is not great.bargain but we believe is good to put in our buy when dip profile.

Weakness in wordwide market plus a lack of activities during holiday time.  We believe the market will continue range bound but bias to lower closing.  Our guess is nothing is happening probably until the last 2 weeks of December.

Facing a worldwide slowdown plus China our major exported country. Stimulating internal demand is a natural ways to counter the slow down.  But can it balance the slowdown is a key factor.

Malaysia is a lucky nation as we still got ample resources. I agrees that we need structural reform.  But i think social and cultural (those non practical values) must be changed as well.

I am positive of all these ETP but end of the day, balancing the book is definitely a major direction before we will face same problem like Eurozone.

We dont have to sacrifice growth as long as use the money in the right way to develop the country.

The recent result shown a difficult time ahead for retails.  We think Tomei may have over expanded if revenue slightly increase but it’s profit is not doing well.  I think Tomei should have hedge its gold better. For 3 quarters with RM 0.10 plus earnings.  The PE and NTAV are still very attractive at RM 1.30 above.  It is trade almost half below its book.   We still recommend a hold but if price dip below RM 0.70 we will start to buy mildly.

As 2nd quarters numbers dropped confirmed Eurozone is in double dip.  Now is the real test on how Europe is going to solve this problem. As the book is not going to balance in near term.  But a lot of bullet shoot out and we will continuous advise conservative stand on investment.   We hope US will not follow that will hurt China sign of recovery.  That will be a big mess everywhere.  If that happen, we will try early to warn and sell out from there.

As of a short update in November, the world debts continue to grow.  I have seldom heard of surplus budget lately.  QE4 is a matter of time as I don’t think anyone has found the root cause of the problem.  To me, is political as even global warming is hard to tackle these days.  We will revise our asset related investment ratio from 40% to 60% gradually.

E.g. : Real Estate Investment Trust, Properties, companies with commodities or natural resources related.   Property company with low debt ratio by high land bank.

There will be no show and more bias to the downside. Although time to time may rebound but holidays, after US election, cautious date of 21th December 2012.  World economy continue to show slow. We think at least until last week of December we only see some changes.   Now dividend stock and REIT will kick in more for return.

We continue to nibbling mildly as we still think RM 1.300 above is not a best deal.  We added as diversification of our MREITS portfolio.

Merely for speculative issue but we will consider write it off from our investment. As it is highly speculative and we consider anything from here is a bonus investment. Since HKD interest is equal to zero!  I do like its recent redevelopment to healthcare focus.

It is not because of the OS is not good but rather its early decision to exclude Google youtube and maps. This is strange decision coming from the most admired company in the world. Youtube is a world no 1 video upload portal together with google maps that have been so matured with almost 90% of the market usage is on Google map. (We estimate the figure). Unless Google is charging Apple and we see no reason to move out from Google map and Youtube at an early stage that Apple has not even stable its foot on these.