Weakness in Australia economy and world central banks in continuous supporting easing policies. Gold short term face tremendous pressure. Partly Indian policy on Gold as one of the factor. But we continue to like Gold buying mildly. We buying AUD gradually as well.
We continue recommend buy on Kawan and Success on their recent results
Q4 2013 announced results for both companies given a our adjusted fair value to easily above RM 2.00 base on PE valuation from 13-15 times.
Kawan announced profit of RM 3.57 cents and Success profit of RM 7.40 cents.
Green Packet is at alert level!
If the sales of P1 still not able to complete before end of 2013. We believe revenue reducing plus continue substantial losses are not looking good if pro-longed.
Either P1 should float its shares to finance a bigger expansion or it must sell at lower valuation to ensure they are not going into a non return road.
We will not re-enter Gpacket if not below RM 0.450 by now. We afraid it may have a good chance to fall below RM 0.400. Unless given any corporate development we are not aware and we advise patient by now.
Allianz splendid performance reinforced long term hold
Continous growing of Allianz revenue and profit consistently for quarters is positive. If you looking for 10% ROI yearly. Allianz to me a good option aside the Dividend policy is still not a lot.
Visiting Japan trigger rethink of investment strategy
Since the bubble pop in Japan during early 90’s until now. Japan has never been able to workout a high grow strategy. However, visiting Japan allows me to see a strong culture in the country that I will be surprised why it isn’t grow anymore. Could it be the people? Politics? Policies? Or there is a peak in every economy growth in relation to its population and size. There is a question pop up from my mine. What if our natural resources finished or world economy crashed with no demand from natural resources. Is our culture, politics and policies able to drive growth? Perhaps a strong question that need everyone to consider.
BJAUTO debut with Mazda Kudo style
As of now it crossed RM 2.1 with almost 200‰ impressive gain. Well done Kudo style.
Gadang trends point to an upward bias to RM 1.20
We feel that Gadang is about to break its RM 1.00 resistance and retest and stabilize above the level. Immediate target should be RM 1.200.
KLCI may trade higher on Local GDP figure and Yellen but we are not over optimistic
We think market will react upward and year end window dressing activities may join in to push KLCI above 1,800. Together with Yellen remarks and local Malaysia GDP at 5% above expectation forecasted to be 4.8%.
1st we think KLCI is expensive as only midcap or small cap are more in value. 2nd Both data is not critical enough to push record high market to further record easily. 3rd Local social and political issues prevail will hinder the positive growth of the financial system.
We will stay probably not so active with our continuous strategies maintain.
We sold very mildly KHIND and switched to others
We sold KHIND a little at RM 2.860 and swapped to Kawan, Kawan-WA and QCapital respectively.
Bermaz – We are happy that we got some allocation.
As small BJCORP share holder, we are happy that we have been allocated BERMAZ shares. We like Mazda as we miss the boat in Japan when Mazda at YEN 95.00. Rocketed above YEN 400.00. We like its Kudo design and its Skyactive engine. Mazda positioned themselves at mid market segment has created great success recently.
With Biante and Mazda 3 launching into Malaysia market. We believe BERMAZ will have good year in 2014.