The theory is very simple.  Can the profit growth up pace the MYR growth of close to 15% in 3 months.  Our products become expensive and income will be affected.  Expecting one to two quarters of adjustment.

It is always to my believe. The money is from almost one force.  When China market is crazing….other market will be calm or correction.

We will temp remove Apex Health, KLCCP and Allianz.  But these three remained top picks.  But focus will be YTL Power, Tomei/Poh Kong, MBSB (playing only catch up), OSK.

We will long our small Gold future and have added Gold.  Our target is leveraging Goodman target of USD 3000.

We think Fed will further reduce rate especially when war may end in 2025.  But the degree of MYR appreciation may slow.  With a resistance of RM 4.00.  but if all war ended and Haris win the race.  Below RM 4.00 is not impossible. 

MYR strength has been long undervalued due to political reasons and the current government has moved towards a direction that liken by the funds.  But too fast and too fierce appreciation may not be good for Malaysia too.

If MYR too strong, we may shift our strategy to buy overseas stocks taking advantage of strong MYR.

We believe the current momentum will trend up. But we would not buy expensive stocks and look for catch up.  The momentum is positive for the bouse.

Financial we will only favour MBSB Bank, OSK and Allianz. Other banks are hold call. 

Our Top 5 pick remained with no 1 pick is YTL Power.

Competition is getting very serious and we believe we will pause a while to look into their new Xpeng feedback from the market.  We will hold on at RM 2.3 to 2.4 level.  Any dip further will be a buy call.

If Goldman predicts Gold in short term to USD 3000.  Our bet is on Tomei or Poh Kong now.  We have long future at 2480.  Shall we buy some gold coins?

In term of the image, if found guilty.  Yes may be affected.  But with earnings potential on hand.  I think is good to collect.    I don’t think the whole entity will fall.  I am more towards YTL may not involve but lobby for the deal.  So I think is good to buy on dip.