Can a listed company with lots of tax consultants made such a mistake? If Astro is to pay RM 735 millions.  It is like wipe up half of their market capital.  Still, the question is who make this mistake?  We turned from buy immediately to hold or sell. 

We like the price and we have added at the level of RM 0.665

We continue to rebuild Gold deposit as we believe inflation will top gold to USD 2500 level.  Contingency wise, next year there is a lot of risk that may be good to hold gold.  But as it is unproductive, it is still a very low percentage of holding in J&J fund.

Astro has been falling tremendously from RM 1.50 where we disposed all.  But as at RM 0.310, the price is so much attractive.  Only if enforcement is more effective.  They may be a lot of revenue to be clocked back again.  But as of now, the price just took attractive with a company still with lots of local content.

We have continued collecting the above three counters at 670, 2.52 and 3.76. J&J funds will focus into dividend and growth stocks in the next coming 6 months.