We re-invested income from REITs to REITs again. We choose AscendasHT and Alaqar REIT due to its expected stable yield above 7% from the current price level.

Continous increase activities of Sunway with its latest announcement on JV in Singapore. We see it positive and continue recommend a buy on Sunway below RM 2.50.

AUD 3.00 represent around PE 10 and a yield of above 5%. Its diversified portfolio from central city to life style near beach projects like Port Coogee. From residential to commercial. We believe Australand will still have much to grow and we put it into our monitoring list and recommended a mid term buy.

Bingo announced increased activities in China for its cinema investment plan. Together with new movies are to be out soon. We recommend a hold or slightly increase holding for short term gain.

It has rcoketed to 200% gain from its right issues at HKD 0.105. We still recommend a hold as it is highly undervalue with NTAV of HKD 0.800. We continue to like undervalue search across the globe and make investment back to basis to buy cheap.

Windows dressing, bargain hunting, re-portfolio, closing of shorts and longs will have a good activities for next 2 weeks before last final quiet week.

We always like Australia because we believe the growth potential of asset in the country is still very potential. AscendasHT has almost 80% properties in Australia with 2 in China and 1 in Japan. We always like diversified REIT as it will give a better spread across the global economy. However, with 80% portfolio in one of our favaourite economy. We will start to accumulate more AscendasHT.

We bought Sunway at RM 2.310 with the news of its iskandar development. We added Astro-CE at RM 0.055 and Alaqar REIT.

We do not forsee too much activities next week.  However, KLCI tested below 1,600 and bounced back and closed above this level is a good sign.  Worldwide market has a similar pattern with different timing. We will turn passive mode and wait for new lead.