A continue good sign that the sell short investor may need to come in huge short covering of world markets if the trend continue.  We believe China and US are in the right track except Japan needs to do more to really see the result of growth.

EU is definitely in uncertain and mess. We think besides of fiscal and monetary policies. It is time to find more stimulus that not tie to both monetary and fiscal.  

Be it for BREXIT, or improve economy activities or reduce borrowing cost.  It is a good sign but only pressure to RM a little which I think already factored in today’s rate.

MREITS immediately reacted because FD rate drop signalling a better channel for fix income. Besides, reducing borrowing cost and improve EPS.

The only negative effect will be on importers and banks. However, lowering rates may improve loan grow also beneficiary to banks.

No matter what is the agenda and Malaysia deadly need a cut at the right time.

Since US established, they have not stopped intervening other countries affairs like Russia, Cuba, Middle East, China, Asia and so on.  So far proven many problems US solved also created by US.  Perhaps the major economy steroid for any country is to have war. When you create war, you got huge production orders from internal and external. 

Perhaps also given them a so call fair trade negotiation when US still got most nuclear war head pointing to its different ideology counter part.  When a country that owe most debt in the world.  It’s currency still able to be one of the strongest.

I am an advocate of peace. However, if this is the continuous movement by US as it’s foreign and economic policy.  I think very soon people will imitate and one day it is not going to do good for human being.

I am still waiting when will justice be served when they invaded Iraq with the excuse of risk on mass destruction  weapon.  However, nothing found till date.

Both still our picks and holding.  In our view the prices of both stocks have dropped drastically.  Although we think MNRB has lack transparency.  But the current valuation becomes attractive.  

Do not think you know all about the economy. Just like we do on human being and history.  The whole of the current political and financial system may only got a young history of 100 years or less.  Anything can happen be it tax, democracy, stock market, bond market, currencies and so on.  Anything can change from now as we are at Cross Road.   

US, UK, Europe, China, Japan need not to mention developing countries mostly at risk.   From governments to tycoons.  Everyone is at risk but the major impacts are going to be on lower income group if it happen again.

I believe the world economy is slow and risky but manageable.  However, powerful speculators uncontrolled are going to be the problem.

All major developments be it Brexit, climate change or protectionism economy are being used as a vulnerable loophole to short the markets.

I still see is a 50:50 situation but indeed it is important to reduce debt and moving your investment to more asset oriented.  This prolonged economy slow down need extreme self discipline and management to overcome and profit from it.

In short a more prudent approach is needed for both business and investment for next coming few years. The world debt just need to be fixed with damaging zero interest rate.

We recommend to proceed with full subscription of MBSB Rights issues.  Beside, we bought further average at RM 0.750.  We will continue to add on whenever there is a weakness post rights issues exercise.  Our strong confident level to further invest below RM 0.800.

We continue to buy and add up our OR bought from open market.  As we are in view that the current market price is highly undervalued.  During the last 5 trading minutes. I saw more than 700,000 OR pending for sales at RM 0.110

I cannot understand why the market is highly negative about the counter.  However, we maintain our view and continue buying OR and follow with actual subscription.

It is simple and straightforward. However, I am in the view we are not doing the right thing and continue moving away from right leadership and right example.

For those current politicians and leadership. Doing over board will really kill off our generation. You may have all the power and money but you lose out your next generation that may cannot understand what is truth anymore.