Values emerged in the market – KLCI support at 1740 – 1750

Some values emerged from the recent correction.  We like MNRB at RM 3.80, Tasco at RM 2.70, L&G below RM 0.500.  Gadang at RM 1.320.  Success at RM 1.700 level.

I recommend continuous nibbling of stocks above while market correct.  But need not rush into it.   Buy with patient.  We may be wrong but we are at the point still believe the major crash is not here yet.

However if you follow asset oriented investment style.  The current down fall impact is minimal to our portfolio. 

Today we bought Lonbisc at RM 0.66, MNRB at RM 3.90 and L&G at RM 0.505.  We have covered our short position and may long future for an oversold position anytime.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Create a free website or blog at WordPress.com.

Up ↑

%d bloggers like this: