From record high to one of the largest one day drop since 1987.  We are seeing global market is increasingly volatile and not making sense.  A light increase in rate by BOJ and defend used massive lot of money.  But looks like the minority powered speculators may have win the war this round.  Regulators should have more eye instead of free market mentality that allows scenario like this.

Can a listed company with lots of tax consultants made such a mistake? If Astro is to pay RM 735 millions.  It is like wipe up half of their market capital.  Still, the question is who make this mistake?  We turned from buy immediately to hold or sell. 

We like the price and we have added at the level of RM 0.665

We continue to rebuild Gold deposit as we believe inflation will top gold to USD 2500 level.  Contingency wise, next year there is a lot of risk that may be good to hold gold.  But as it is unproductive, it is still a very low percentage of holding in J&J fund.

Astro has been falling tremendously from RM 1.50 where we disposed all.  But as at RM 0.310, the price is so much attractive.  Only if enforcement is more effective.  They may be a lot of revenue to be clocked back again.  But as of now, the price just took attractive with a company still with lots of local content.

We have continued collecting the above three counters at 670, 2.52 and 3.76. J&J funds will focus into dividend and growth stocks in the next coming 6 months.

We have continued to buy in Sime at 2.63 and may explore Ronstadt accumulate Berjaya Auto.

We just like the valuation of both Alliance Bank and CLMT at the moment.  We will continue to buy low in coming weeks.

We will buy in the current price of RM 5.22. But we are not in hurry S the behaviour of the counter price is stable and range bound around within range.  We like their values and huge enough to be partners for many principal products.  Our fund will officially adding DKSH.

We still flavor investing into dividend oriented bluechip to hedge strong inflation that coming ahead.  Plus technology on high tech and healthcare remained clear priority besides of startup.  RHB Bank at 5.53, Optimax 0.66, Nova 0.55 and Maybank at 9.90.