It is almost a fact that weather has changed across the globe. It is almost certain that human today will not stop what we are doing that continue pressuring the environment.

Opportunity point of view. We still agree that agriculture will be one of the key industry. In addition, clean water, air, healthcare are as important as well.

Agriculture will be our first pick follow by water utilities and healthcare.

Sudden turn of sentiment in Nikkei, HSI, Shanghai and Asean market has turned the market to temp further correction.

We maintain calm as we have disposed some equities and swapped to more fundamental strong MREITs.  

We bought in Teledata, Bingo and Aussie Dollar as continue accumulation.

Consistent growth in revenue and profit. Reasonable PE around 10 times. Trading at RM 0.905 under its NTA. We initiated converge and start holding of the share. Food branding is a good move and we believe it should worth RM 1.5.

KLCI will look for direction but has joined world’s markets this week correcting from over bought. Concerns of potential slow down in easing policy created perfect excuse. STi SREITs retreating to a reasonable level with better yield than Malaysia. We believe KLCI will range bound between 1760 – 1780. Selective rotational play will continue.

Not until all central banks stop printing money. All major markets will continue to do well. Some initial batches of funds that bought in may lock in their profit.

Local fundamental wise, slightly disappointing on almost all stocks. It appeared the market is expensive. But due to cheap fund hungry for yield. Market will still do strong.

We still suggest defensively stay invested. But slight increase in cash when disposing expensive PE stocks.