We are glad to see the market recover real fast.  But we will also wait to see if there are further risk between Iran and Israel over the next week.  But we like CLMT as of now with good dividend and potential of upside with ROE more than 10% in the next 1-3 years.

I am not very sure to be honest.  Though market snapped back with good gains.  Being seen extreme sell down will not cure the sentiment atleast for a short term.

But the price of the equity has been lowered. We do like Apex Healthcare at this price below RM 2.7 and YTL Power at RM 4.3. 

Our next target will be CMLT and anything below RM 0.640 is a good buy for us.

We bought MBSB and SIME at 760 and 2460 slightly.  We remained calm as we think there are yet days ahead of a calmer market.

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.