Our view of it fair value around RM 1.60 to 1.80.  Stabilise it’s profit but stop adjusting it’s NPL from 6 months to 3 months is a key issue.  Our investment target for MBSB is not for trading game. Rather it’s aim to be the largest Islamic banking arm in this region.  The potential is huge and one of the rare germ stone in the market.

We added Tower Reit as we like it’s portfolio is a direct beneficiary of Kajang – Sg Buloh line.  We bought EIG again and start Holding YSPSAH.  Healthcare is always our love of all industries. After monitoring YSPSAH for few quarters. We like to start Holding this stock for more mid to long term objective for our portfolio.

I like Hovid and I always do. After we have last sold its share above 45 cents. We always look for opportunity to reenter if it correct.  The current license revoked is a challenge where I forsee minimum needs around 3 months of OPEX losses.  But I do like it’s share however I believe it’s has room to fall.  Anything below 20 cents will be an attractive price to accumulate. But not now.

Amanahraya Reit benefited from its Semantan and Kota Damansara properties. Especially Segi College that MRT right beside the college.

Towereit also benefited from its HP towers located near Semantan Exchange. I would not think there is an immediate guarantee profit from this link.  But history shown these stations will become a critical Factor to at least stabilise it’s rental income if not strengthen.

We suggest to add on ARREIT and TWREIT for this reason.  Current price of RM 0.925 and RM 1.18 for both REITS are in value.

1. MBSB 2. CIMB 3. EIG

All three with reasonable Dividend yields. Upside from current price of 50% to 100%.  Stocks that you can just walk away for a holiday without a worry.

Of course we still holding a portfolio of quality stocks. But we will continue to add on our top picks with the biggest ratio of our Fund. 

Both US and China economies will recover gradually.  FED may hike rate but with lower momentum but fiscal and protectionism policies by Trump may bring short term effect.  World trade policies may be impacted by Trump appointment into office.  However, his pro Russia and certain countries policies may offset each other.  China will gradual recover with an estimated grow in line with their government target.  

We believe ASEAN looks really cheap now and the grow in this huge potential and growing economy body is still on its way for strong grow.  Currencies rejustification may start to happen where devaluation momentum will slow down but heading towards strengthen against USD.  Too high of USD will kill US export and Trump will not survive if only rely on internal growth.  

Crude oil will trade back to above USD 60 and Gold will recover when USD start to readjust itself to a reasonable value.  Property and real estate market remained lack luster but a gradual stabilization is expected.  In ASEAN we believe Jakarta, Philippines, Thailand, Vietnam and Mymar will all register strong growth.  Whereas, Singapore will naturally follow the global economy sentiment together with ASEAN as a hub.  

Finally local front, we always believe our local economy is solid and strong. But it cannot be denied that we have many mis managed in 2016.  A strong political certainty is needed where it is lacking now.  RM will recover and I think the momentum of weakness against USD will minimize and revert the trend.  A General Election is needed and a win to obtain mandate in next few years either BN or PR will just make sense of stability.  When crude oil recover to USD 60 together with a few large development kick started.  Support from infrastructure grow will remain to Economy.  Overall, as a nation we need to do the right thing in order to move the economy to the right direction.   A great country with great resources and potential.  

You may call it a holiday season.  Major shopping malls filled with heavy crowd.  30 minutes required to find a parking place. The main street still looking solid and we believe if situation not worsen. A fair chance for a recovery year as expected by us.