KLSE continously creating new high, we believe it will go on

Looking at the top active volumes on Friday.  We notice heavy volumes on TNB and CIMB. We believe market is very strong and it will continues its strength.  Later of the week will be quiet as wholr nation await an important result. 

But we believe market digested either result and moving towards world markets trend. Investors are chasing asset related with good yield business.   As money become smaller, we continue recommend defensive investment. 

We support “Ini Kali la!”.

Firstly,  if anyone win we will give our full support to the winning party as it is part of democracy practise.  I also appreciate BN long term service and contribution to the country.  Personally i do think Najib has done improvement to the country.  However, that is not enough and a change in government may provoke thinking further on many issues that we still facing today.  Most issues that we are facing is not monetary but for myself, the list is too long and i will just focus top 3.

1.  Culture & Values – Many refer culture as religion and practises.  But that is not just only that  because the most important definition of culture – it is the software of the mind of every human.   Truth & Conscience embedded in our cultures and values are seriously disturbed.   Everyday when I reading news, i cannot believe that a simple issue is twisted to become complicated issue. Covering economy, justice, social, plans, systems & so on.

2.  Life matters – where main street crime rate stastitics are denied. Health care is not in priority and many miles after economy growth. In any country, lets forget the spiritual living of life. But only with strong and healthy citizens will only bring a more stronger fundamental to develop a sustain growth of econony.  But i support spiritually livings.

3.  Educations – With a population of 28 millions.  Our resources and reserves should have enough to build all universities for our next generation fir free.  Any country that intend to have strong growth needs knowledge workers. Without knowledge workers, we will have tight resource issur to limit grow and only able to continuous work at a low level economy that require less skills requirements.

The list easily can go on as i always mentioned as our root causes i believe mainly from serious problem in cultures and practices.

Probably at least one time, for all people to think about issues that we are facing at main street.  I openly support “Ini Kali la!”.

But no matter which party win, i am sure all Malaysians love this peace of land and everyone is findings ways to improve the country.

We added Gold at RM 143.10 per gram

Coninuously, we buying gold in monthly basis as contingency fund. We continue to advocate Gold is a good backup while during disaster an financial crisis. When economy is good, people switching money out from Gold to equities. When Interest increase, people switching money out from equities to bond. But in mid to long term, Gold is still our call as backup fund. Of course, it is only a small ratio in our total portfolio.

We agreed Dijaya Corp is undervalued and start holding it at RM 1.53

In fact we have been monitoring Dijaya Corp for sometimes from its price start rising around RM 1.1 till today. The Price traded below NTA and only around PE 5 times as of now. With its development in Kota Damansara that in line with MRT development by Gadang. Also the recent announcement of potentially developing a huge portion of land in Klang Valley. With things on hand, we recommend a buy call between RM 1.50-1.60. Target around RM 2.50 conservatively with PE around 8 times.

Australand and Finbar do well too

From we first monitor Australand from AUD 2.9 until today AUD 3.74. It has swing up 20% within 12 months. Finbar also does well with apartments selling well in WA but still trading at PE 8 times below. We are indeed surprise that with property prices average at the high side. Most property companies are continuous to do well.

Aussie is one of the top country beside China and Singapore we like as overseas hedge.

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