It is not the first year. I do agree it is not easy to stop it. I also know the government is doing something. But don’t you think is too little for a big problem?

So what’s now? Malaysia already has this culture, face the reality.

1. Why someone can do it and can get away?
2. Why we need to pay tax as the money drained with silly reasons?
3. Why need to responsible to country as even many politicians spoken wrong facts do not need to apologize?
4. Why follow the rules and park your car properly when no one border?
5. Why I need to do it if no one is doing it?

The realty continue….

The culture is not just slowly cooking the already bad people but I believe now almost to every corner infected many good people as well.  No matter you are opposition or government. No matter you are Malay, Chinese or Indian or minority. No matter you are rich or poor. Don’t you think everyone needs to do a part to make things right?  When everyone should put down their own benchmark themselves.  Do the right thing, not what you think is right or wrong anymore.

In a financial blog like here. Even as 123 also knows it is going to be problem when resources run flat.  Back to basis, it is a choice that is always available.

We disposed another 20% of our Gpacket at RM 0.625 in average and left 40% of our original holding in total.

On the other hand, we switched to Kawan and its warrant today. But we faced tremendous buying disturbance from some big players. But base on our calculation of PE 15 times of Kawan. We think Kawan worth more than RM 2.10 before even its future halal plant contribution.

As for its warrant with a conversion price at RM 1.400. if base on our target of RM 2.10 and the warrant should worth 4 times from current value at least. We will continue to increase our holding and even convert its warrant if the market is in bad mood in 2016.

We continue our strategy to reduce low dividend policy and higher PE stocks to ABC. We sold CHINA WATER at HKD 3.10 LAI SUN DEV at HKD 0.230 mildly. We switched back to ABC at HKD 3.60.

Short term over weight Censof and we believe the current strength will continue with a minimum target above RM 0.600. Purely speculative as we still do not like its fundamental but trending volume and trade is bias upward.

Sold 20% of remaining Gpacket holding at RM 0.570.

sold 20% of remaining Stemlfe at RM 0.490.

Bought SUNREIT at RM 1.420, YTL Corp at RM 1.530 and AAX at RM 1.120

Speculative added Censof at RM 0.485

It is a problem Asia is facing. But Malaysia will be even more impacted. As subsidies from government caused big price mis-conception for services and goods for decades. Once gradual removal started will see market re-adjust itself. We believe current tight and continuous increase in man power cost will eventually hinder the growth at both country and company level. We cannot continuous rely on infrastructure growth and petrol money forever. Worst, productivity that should be increased are seldom measure.

Probably another opportunity for politicians and traders making money as many have short the market already?!

US is not able to balance its budget since the debt ceiling issue started years ago. It will be continue for years to come. Fundamentally, US should be bankrupt long time ago. But due to the impact if really so, the whole world will be in serious chaos.

So everyone know what will happen and continue to make sure it will not happen. Again the scenarios are 1) it is not going to happen so not to worry. 2) it is going to be a long term shut down, whole world is into trouble so there is no worry also as everyone facing the same problem.

As long as you have got your debt ratio manage well. Bias your portfolio to asset oriented with gold as reserve. Any big problem will probably another big opportunity for you to leap frog. So for now, someone is going to make money from shorting the markets.

If you were to ask me, I will say please shut down everything even the odds say no.

With last quarter lowered profit at RM 4.51 cents per quarter is around 13 times PE. But it may due to change of accounting practice has to adjust some profit and revenue have to be realized earlier.

However, positive Perodua 7 years contract announced giving us confidence for a better long term result. RM 90 announced as dividend together with previous dividend represent more than 6% total payout per year.

We continue recommend a hold of the counter.

We categorize Analabs as one of our climate change related portfolio. With the 10% revenue increase, profit almost doubled to 7 cents and NTA above RM 2.900. We have a mid term target of Analabs continuos above RM 3.00.

As the year is closing to an end, we continuos switching counters to high yield and more bias to agricultural, climate change and asset oriented portfolio. We sold off Oriental Watch at HKD 2.640 with slight profit and switched all to Agricultural Bank of China at HKD 3.680.