Kawan Food has picked up volume and crossed RM 1.30 above with it warrant traded above RM 0.30. We believe it is at the right upward trend.

On the other hand. Funds are busy dressing for the last month. REITs are adjusting downward that we start like its value. However, we continue recommend a buy in Success below RM 1.40.

After the announcement of option for its CEO and owner.  Together with reduce losses and improving movie market size in China.   Bingo stock price improved from a low of HKD 0.12 to near 0.30.  We still recommending a hold but we would also like to see more activities from Bingo in order for its stock to look for next target at HKD 0.50.

We like the result of Success and we believe the stock is highly undervalued.   We recommend accumulation on Success.   Mean time, spreading our reinvestment plan to Alaqar REIT as the current price is at reasonable forward PE.  

We don’t see too much development for the last month except window dressing by funds. I advise you go for a holiday and plan a good position in 2014.