We separated mini lots purchase in Xiaomi and Grab.  We have been adding since 40 and 4.4.  We also started collecting super mildly for MacDonald and Coca Cola.

Changes to disruption of AI, Trump’s policies, Climate change and etc.  We are relooking into our alignment.  We have hold enough about banks.  Our four areas of holding as Healthcare, Energy, Transportation and Food are as below.

Healthcare – TMCLFE, Optimax, Apex Health

Energy – YTLPower

Transportation – AAX, Sime, Capital A, BAuto

Food – Kopi, LHI

We are not disposing any banks at the moment.  We will continue to hold.

We last sold at RM 70 cents above.  Due to whatever reasons the price beaten down.  We believe it will recover after the issue relating to contract.  We will mildly invest and look for 50% growth in 2025.

With this in place, this can be very impactful as all taxes match will cause a huge problem to exporters to US market.  Moving forward, buying local consumption and Asia export focus also will be our key concern.

The first thing in my mind will be the rich and poor.  There is no middle class, middle upper class, lower class and eventually the 1% will drag far away from the 99%.

The developed countries will have a bigger gap as they have the resources and talents. 

I think technology will still out shine.  But next will be back to the essentials like Food, healthcare, transportation, energy but properties may be a challenge as fallen birthday rate and flexible working style after COVID period.

Is something that cannot be avoid but I also don’t feel good about it. 

We are not in hurry to reposition our portfolio.  But we will keep an eye from today on energy, healthcare, food and transportation from now on.

We will add stocks focused unit national economies related.  Anything on export business activities will be avoided.  Four years to go with trump uncertain policy.

Our fund will enter defensive mode starting today as to the uncertainty until further review.

The strategy is simple, reduce expenses, reduce loans, increase fix income investment, invest only in bluechips.

We always think climate change, AI and trump will be the main factors driving market uncertain to crazy level. 

1. Ambank – undervalued with consistent growth prospect with fair value RM 7.00.  It is a no brainer.
2. YTL Power – oversold and biz in power alone should target RM 5.00
3. Genting Group – undervalued and with strong earnings if it’s new investment in pharmaceutical business gives return we ith fair value RM 5.00
4. Poh Kong – undervalued but not sexy because of gold prices will hit USD 3000 above with fair value RM 1.50
5. Gamuda – continue make sense but I just don’t know how they are so good in overseas project. At the price of RM 4.00 is a buy as the fair value is RM 5.50 and the stock is sexy under radar all the times

Mainly because of the growth prospects but current PE is overpriced.  However, we would like to hold them a little in our portfolio.