Most announced quarterly results not encouraging

In the last two weeks, there are numbers of companies announced their results. However, the results are not encouraging with mostly reported lower revenue and profit. Some widened its losses and significant reduced in revenue. If base on a much tougher environment in 2nd half due to several known issues. We are holding our optimism for KLSE for a strong run in 2015 as GST is approaching in next year.

Several structural issues in our homeland like politics, systems and resources are gradually making more impacts. We will start to review our position to reduce our holding of equities between 5 to 10% of our total portfolio. We will either hold cash or buying neighbor listed S-REITS for the time being.

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