Australia cut rate to 0.5%, Malaysia cut 0.25% and Fed just cut 0.5%. Overall can confirm Covid-19 crisis will prolong. In this case, our strategy will shift to using cashflow reinvesting only 20% into the market. Continue cut debts and looking for long term bargain is important.

Whatever we consider to invest will be from mid to long term. We do not see any recovery anytime within 2020.

I am not clever enough to understand the market sentiment towards the new government. But I am sure it is oversold and we have to buy some into the market.

The power of Covid 19 is stretching and overvalued Dow finally catch a cold. We are glad our portfolio is fully fundamental based and impact is not extended.

Will we buy at this point? Yes very mildly and we are using cashflow REITs to continue reinvest.

Don’t ask me buy which one perhaps any blue chip is an easy choice.

When even a rescue package is pending to help those affected by virus. They chosen this time to do this is unhumantarian. No people first at all.

US trade war, new government for 2 years repairing the economy, Covid 19 and now at this point with a suggestion of change of government. It is an unwise move if based on my personal perspective and harmful to the country in many aspects for many angles.

But as an investor, we cant control the situation except we will now put everything on hold and watching for the development. As such,we suggest a strategy to watch at the sideline.

First I wish Wuhan fight hard! The virus is now somehow taken more time than I expect lately. Thus, I assume probably end of March will completely eliminate the spread. That I believe will be an optimistic view as Confidence level will drag.

Nevertheless everything is in bargain for you to pick.

We bought Bursa at RM 5.46 as we think Bursa value emerged.

As usual, we buy on value and we started to pick up some stocks. Paramount 1.29, Ecoworld 620, Cypark 1.29, Jtin 1.54 as of the virus fear. We think value is there and buying slow is our strategy.

Less Chinese tourist expected at least for 2 months. Travel stocks like Air Asia, Hotels, Casino like GENM and Genting, retails especially will be definitely hit by the first round of impact.

Minimum recovery is 2 months I expect even if the virus can be contained the spread before end of January. It will not be a good start of 2020 for retail stocks for sure.

Since 2019, we started to expand our investment strategy into start-up to improve return. We have a good invested target Buildxact from Melbourne. https://www.buildxact.com.au/. We likes their focus and aggressiveness. At the same time solving some specific problems in their industry. It simply a perfect platform for small builders. Market targeted is in Australia, Canada, UK and US.

By around December 2020 last year, we also invested into another start-up called L28 that uses blockchain technology to sell beef into its first targeted market China. https://www.latitude28produce.com/. We believe the market is very potential as demand of agriculture like genuine beef is highly needed in China.

In 2020, beside of investing into new start-up. We will also explore the potential to start up new business in 2020 given opportunity arises. Expanding our reach into different portfolio.