With the risk from politics, climate change and regional uncertainty. We selected 3 portfolios that can be continued to accumulate as portfolios. But we like to have a REIT to improve the dividend income while looking at potential 25% capital gain in the next 12 months.

1. MBSB – with the merger of MIDF. The income and potential has improved. As of today close of 730, I would consider is a good to accumulate with a target price of RM 1.00.

2. TOMEI – if there is a war, inflation or adverse effect. Gold prices will go further. Tomei will benefit further. As of the price today of 1.09. Even retail sentinel reduces on jewellery purchases. But this one has an adverse effect on an already undervalued stock. Target price of RM 1.30 above.

3. AHealth – Price at RM 2.50 within 15 times below. The potential of AHealth with the increased potential of demand for medicines due to climate change is expected. Target price of RM 3.00

+1. KLCCP – Among all REITs, this is the only with that fueled with demand for its property. KLCC convention center which is unreplaceable. 6% minimum return a year on dividend at RM 6.80.

Starting next year, there will be trading accounts, margin accounts, IPO, trust funds all sort of financial products added onto MBSB. The potential earning boost for both MIDF and MBSB will be drastically improve. Thus, buying interest is rather strong now and we are adding mildly into our portfolio. MBSB by far still our largest holding of our J&J fund of all times.

With dividend and yield more than 5% and trading under the NTA value. We like Amfirst now and KLCC is supplementing with the 2ndnd choice. We nibbling both.

If there is real inflation in a normal economy. Yes, it may work. But if it is in the wartime and post COVID era. Is fiscal policy and politics better to solve the problem? Inflation is caused by reduced supply but not demand increase. Is this real inflation? Isn’t it too easy to hire a bunch of expensive financial experts that ended up only using interest rates to fight complex problem?

It is not an easy task to find a quality agriculture company to invest in Malaysia that not link to Palm oil. We believe it is time to accumulate in long run moving ahead of issues on inflation, war time, climate change and etc. We start to monitor and accumulate.

Uber and Grab changed the supply chain and created a new supply chain. Till date, these models are not even making profits. Following IR 4.0, AI and 5G pouring into all supply chains. There will be some industries going to be wiped out and some new Industries may take advantage. Thus, there is a need to be extra awake going forward if your major bet can be replaced And who are the

Before the announcement, we added at 0.605, C53 and C57. Close to 5 months and the approval finally came through.

Out of a sudden, MBSB is one of the appointed bank for EPF load recently announced. Loan recovery from Bindai Linden. Customized loan MOU to MRT vendors. With higher interest rate income in place. MBSB set to make a big change in 2023.

The question is how much it worth. How diffcult to make a PE of 10 times for the price of RM 1.00. RM 7 billlion market cap need RM 700 mil profit a year?

If the price stay at RM 0.60. I will not have a reason not to add further. I still favour a volunteery GO at RM 1.2 and relist the bank and pair down EPF to 40%. Overweight MBSB from now till M&A complete.

MOF approved M&A

https://www.theedgemarkets.com/node/663429

Custom loan for MRT corp. Vendors

https://www.thestar.com.my/business/business-news/2023/04/12/mbsb-bank-to-offer-customised-financing-to-mrt-corp039s-contractors-vendors

EPF loan above 40 years old

https://www.theedgemarkets.com/node/661790

Bintai Kinden to repay loan

https://www.theedgemarkets.com/node/662996

I think the funds are moving in quite agressive. As such, I picked C2Z and C3G. Only modest speculation please. We bought at 105 and 265.

From November, I believe around mid 2023. Many new products will be coming out leveraging ChatGPT and many industries may be reshaped. Even the newcomers may not be profitable like Uber. The key to investing will be also taken into consideration of the risk being automated. ChatGPT is like skynet if you are not suing it or controlling it the right way. But, capitalism will push it to the max. So do criminal opportunists. You are going to see more scams and more calls in the future.

Russian war, perhaps even China and US tension can be purposed escalated to facilitate the growth of military industry when other industries are projected to be weak. We will continue to be cautious and buying only dividend oriented stocks which are undervalued.