if there is no extra sudden event. Expected budget announcement in October to revise our reliance on high oil price and FED interest rate increase already losing its negative impact. Oversold stock will slowly recover by bargain hunters.
We like to leverage a potential short term bottom of KLCI. We bought some FBMKLCI-C4 at RM 0.100.
We do not have any changes in our fundamental view. All our top picks in our portfolio performed well in the last quarter. We continue to buy mildly of there is a bargain for the day. Today we bought KSL at RM 1.38.
Unless budget to be announced really address all issues we are facing locally. If not, things not looking good and we may have a prolong period of down trend.
We bought UZMA again at RM 1.78 and Tropicana. We also added MQREIT as we believe the value is cheap at the moment.