2009 experience caused a big bang on properties market and stocks market. Perhaps, it is not because of the stocks and property prices are soaring. You may not feel richer because it is just money become smaller. Gold reaction to this is the tips.
We see Netflix, Amazon, Alibaba, Lazada, Food Panda and Grab may did very well during the stay home order worldwide. But it is not easy to find a good one in Malaysia. Perhaps I may be wrong but I spent more time on Astro and bought some movies. Also used Touch and Go so often to buy food. So we think Astro and CIMB also worth to take on. We also bought some during this period.
The next 3 to 6 months post Covid 19 partial exist will likely be stimulating internal demand.
Border will not be opened even many countries losses control on social distancing. But we believe humanity will find a way.
Today, we added back Astro at 815 as we believe it has beaten down from RM 1.50 where we sold. Our strategy remained to accumulate but slow.
We have been buying gradually as we do not expect a V shape recovery. But we do think a potential of U or worst L shape. We particularly like certain businesses that are least affected by the crisis. As to Asiabrand simply a notification on its recovery path.