KLCI persisted buying in tandem with Other markets

Beside of Hang Seng move south due to renew concern of new birdflu case in China. Nikkei up more than 4% today after BOJ aggressive QEs like strategy.

Looks like GE13 worry is completely swallow by smaller money effect. Many investors that expect market to have a big pull back may be surprised by the strength of KLSE.

We also seen many properties and REITs counters moving may due to follow up reaction from BOJ action to be aggressive in easing further. Everyone now start to aware. Crash or not crash, money is already become and will even further smaller. More cash will be in asset related investment in coming week.

We believe range bound but persisted buying will lift market higher.

We bought Bingo HK today at HKD 0.127 and A&M Realty that highly undervalue asset related counter.

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