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.

It is our second largest holding after MBSB.  The growth and prospect of TnG may be IPO still give CIMB a strong “Hold” justification. We are happy with the dividend and continue to hold.  But we are not buying further at this price.

Good results from both TNB and Alliance.  We will continue to hold it’s portfolio.  We may add more of Alliance Bank but we would rather like YTL Power than TNB as of now.  But we are not selling TNB just merely we like YTL Power as of now in term of price and potential.

We still like KLCCP and suggest a buy on dip around RM 7.60. 

Even though analyst consider almost flat earning by Allianz.  But 63.78 cents enough to make it PE only 8 times as leader in Insurance market. Its agressive and innovative nature.  It is a bargain. 

KIP REIT is always one of our favourite MREIT.  It has been aggressive, ambitious and progressive.  Most important it has a point, aimed at mass market like DIY, 99 Mart and Air Asia which is cheap.  That’s the majority market over here.

It is always a buy for both.

Non sexy but still an easy return of equity more than 10% a year stock.  We are good to continue put it into our buying list.