Being a financial blog sharing on investment ideas.  We view the recent religious issue has over the board.  Personally I feel it is too much and very likely to hinder the growth of the economy of the country.  We will slow down local investment at the moment and buying more overseas.

Gold has corrected drastically from the peak till now. We continuous our monthly strategy to add Gold as we believe the price will find a base and strengthen further. However, our Gold investment strategy is always as backup. For the unforeseen crisis that can leap frog our portfolio. We increase 20% of our monthly normal investment as off now.

We have added MNRB as we believe after Success probably still a bargain in town. We have a mid to long term positive view on it with a target price min more than RM 6. We added some YTLREIT as we believe it is an only REIT that able to play internationally with its continuous expansion into overseas portfolio.

On Singapore front, we added VIVA IND as it is one of the highest yield to diversify our portfolio. Finally, we started holding Union Steel as our climate stock portfolio.

Eventually we decided to not going ahead on the right issue and sold off the rights.  1st, China PMI data is not favourable.  2nd, The continuous dampening confidence on the government policy.  From race to religious to basic cost of living issue. We decided to review our strategy on local front.  As one basic simple principal when people are not happy, how can all work hard to achieve the same goal.

We start buying VIVA Ind as this new IPO has a forecast yield above 8%.  Given the RM risk and local REITs yield is not attractive.  We will buy more SGREIT in the coming month.