Honestly, Censof does not fit into our normal strategy of stock pick. However, the recent Saga of Time Engineering awarded below market price have boosted speculative play. The stock in fact already look expensive after bonus issued and not so outstanding performance. Thus, we will only suggest a short term buy at RM 0.515

We continue to mildly dispose Stemlfe thought we like it as a company to invest. However, our principal of PE above 20 times trigger our holding. The new shareholder Cordlife may bring new stream into the company. But that’s no our style of investment to speculate future earnings.

We switched all proceeds to TWREIT at RM 1.530 as defensively stay invested strategy. Bias to asset, agriculture and climate change portfolio.

We decided to reap the profit and moving to our new focus next year. Climate and agriculture related portfolio. We continue to switch to Analabs, Cyparks and Plabs. Besides, also building more stable fund via Towereit.

We sold another batch of Stemlfe at RM 0.420, OCK at RM 0.710 and switched to Analabs, Cypark, Plabs and Twreit.

We also continue reduce Gpacket at RM 0.460 to reduce our risk in long term hold until their asset being sold.

As I always clearly stated I have full support of any elected government to help the poor in the country especially the bumiputra. However, after many years of such policy. The hardcore poor is still there and you got to question its existence.

If there are 100 people are classified as poor. Of the 100 people if over 60% are bumiputra. Remaining 20% are Chinese and 10% are Indians. Isn’t a policy that help the poor already help the majority of the bumiputra?

In another equation, if the 68% bumiputra only hold 40% of equity stakes. Increasing it to 68% does it equal to all 68% distributed equally to 100% bumiputra? The question is the same that if 60% equity hold by Chinese and Indian. Does all 60% hold by all Chinese and Indian are equal? Or the rule of capitalism ruled that only 20% of population controlled 80% of the total assets? Again, the elite of may be 1% hold almost 99% of the total wealth of the country?

Only when mathematics is to be used. Malaysia should deserve to be in a better position.

In an ironically development just a week of different sentiment. ASEAN from fear of hot fund pulling out against FED decision to continuous its QEs strategy caused one of the biggest fluctuation in the local market.

That shown how volatile is the current market. With no fundamental change as of now, we believe both KLCI and RM have done well but may face profit taking and bias to lower this week.

We bought some USD at 3.16 level against RM. We will buy more USD and Aussie if RM stronger. We may also start explore into RMB. We cannot border much in this highly volatile markets so we just buy when sentiment low and we will sellout when sentiment too high.

That’s means a month ago all hot funds leaving ASEAN created false alarm. But should we worry again next time round? Perhaps just forget it as whether Fed to stop or continue QEs…. We are already in a tremendous trouble of money printed everywhere. We will buy a bit more Gold for this reason.

As the market stabilize, we continue to add in gradually our favourite Kawan at below RM 1.07 and its warrant below RM 0.140. We also nibbling Multico below RM 1.800.

Majority people walking around us. I am having a guess of probably 99% of all people. To a certain degree being held hostage due to personal finance. From daily necessity to luxurious items. Almost there is never an end. Thus, many will probably agreed that money controlled us. But until when and what number that you will probably think is enough? Try ask people that around you and able to share with you. You will probably get many different answers. Perhaps, going back to basis that if you can just live with it, any financial status… that’s may be the only time you will got freedom in life.

With IPO of SGD 0.800 and now at SGD 0.720. SoilbuildBizREIT will give a yield approximately 8% above. We continue to start holding more S-REITs as the current yield is more favourable than M-REITs. Beside, the scale of economy is more easy to provide higher yield in Singapore, Jakarta, Australia, Japan than Kuala Lumpur at the moment.