We continue recommend a hold to our early purchased of Playmates as its profit soared to HKD 661 Millions with 31% increased yoy. We based on its 3 times EPS should valued at HKD 15.00 easily. This will transform into 400% return from our initial investment. We still think this counter should worth more base on a common PE of 5-8 times.

We continuous to nibbling Teledata as we strongly believe the stock is under valued. We have persistently queue at SGD 0.010 but not manage to get any from there. We decided to acquire slightly at SGD 0.011.

We are now estimated as top 30 shares holder of Cheetah, Layhong, Innity, Tomei and FocusP. In 2014, our fund will aim to acquire a substantial share holding of a listed Co. Our 2013 mission accomplished.

After a year of research and with the help of a very nice local friend. We have decided to buy Richmond Quarter for several reasons. 1st it is near beach, 2nd a commercial mixed project, 3rd at a strategic location that is near amenities. 4th Aussie dollar is 10% weaker than normal. 5th Comfortable price. We will continue to gather information and start further property diversification to overseas.

As severe climate change together with activated plates movement causing more frequent earthquake. We believe Earth science relate segment will continue to show favourable grow in the coming future.

As of agriculture or food related. It is simply a demand and supply. More people means we need more food. But urbanization caused less farmers and agricultural land. Together with climate change related problems. This segment will continue to outperform others.

Our speculative investment on Censof give us a short and handy profit.   We will dispose some this week above RM 0.600.  Some valued Censof at RM 0.800 above but we are happy with the current level and start selling from now.