2nd wave looks like coming. Will it impact the market?

In the assumption of human already knows how it transfer. Basically it is not back to standard discipline. Will this really crash the world Market? I doubt so as the market is full of easy money. Both stocks and assets will do well. However careful to not over commit or investing in any over priced. You should have a great return in next 6 to 12 months.

We thought is an U but I think may be V

When debts cannot be repaid. The only scenario is to devalue currency. Bubble assets quickly forming V shape. 2021 will be a super bull. But you are not richer because everything become more expensive and money become smaller.

We have been net buyer of share but industry oriented

When during a crisis, bargain is there. However, risk is also equally spread. No on will no when the market is lowest and when is highest. It depends always your strategy, fund size and expected return.

We have been buying in the last two months. But also very industry oriented. We bought energy but trying less on oil and gas. We buying in direct stay home beneficiary which can be long time to come. We bought banks as we believed the current price fully reflected the impacts.

In overall, as strategy is continuous to invest in stocks but only dividend oriented and industry specific. We started to lower the amount in paying debts as interest is cheap now! We will hold on to property purchases. If a good deal available we may still proceed but will not be aggressive.

MCO in Malaysia – Possibly Astro and CIMB benefited

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.

All countries now will focus internal demand as best

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 bought CCM, Asiabrand and Cypark

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.

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