We continue to adding LippoMalls in our S-REITs profile taking advantage of recent turmoil of Indonesia market. We bough in at SGD 440 this time round giving an estimated yield of around 8%

I am totally agreed to what Zeti has explained about our household debt level against GDP. But what will be your idea ceiling? Should we start to react more proactive or wait until 90% before reaching a problem. Just like the credit card issue arisen years ago that firstly all denied is not an issue. Eventually, tougher measures have been introduced.

Personally, it depends on the supply chain of how fast should the deal going through. Time is not on the upper hand to GPacket as beside of infrastructure setup as advantage. The business proposition may not look good as LTE is continuous become a new standard.

Eventhough the tower deployed can also be upgraded but there will be a cost and LTE license is nothing special to all Telcos anymore. WIMAX does has a strength but the standard of the industry is trending to LTE.

I am not sure how much P1 will be sold but from the newspapers and so on. Understanding is between the range of RM 1.5 – RM 2 Billions. However, Gpacket only owe P1 61%. This not include if there is any debt restructuring or loan needed to be repayed. Roughly forecat around net of RM 800 Millions to be pocked back to Gpacket. Thus, plus the NTA of Gpacket of RM 0.170. There may be still many accounting not on the table. Roughly at the range of RM 60 to 80 cents will be at the safe side.

But that also depending on how much Gpacket will return back to share holder or they will venture into other business in the future. But time is the crucial factor over here.

I am an Iphone fan that currently using Iphone 5 and a Samsung Active S4 phone. Personally i like Iphone interface and responsiveness. However, Android is packed with functions. Beside, the key issue for myself is the screen size that i may not need a huge 5″ and above smartphone. But i do need a bigger Iphone perhaps at 4.5″ but still good for my palm to hold it.

Announced with A7 64 bits and M7 motions chip. Together with a finger print reader at the same home button are potentially the key of the most important differentiation. Improvement in camera and new IOS 7 to be released soon.

However, we still think it is a little below expectation especially comparing to Samsung and Sony for their innovation and line of products that can suit many different categories of users. Personally, i will not upgrade my 5 to 5S as i dont see a big improvement. That may cause Apple a bit on sales. Perhaps Apple knows it and trying to include 5C as game changer for volume market. We shall see but we are not optimistic.

We have unloaded some short term portfolio that we bought in during the 1680 level for short term gain. We sold Gpacket at RM 0.395, RHBCAP at RM 7.550, Magna at RM 1.04.

We added Gold at USD 1388 and AUD 3.05 against RM. We believe the recent election of Australia resulted in a strong government that can improve the sentiment at the moment and strengthen AUD.

If a war is to be on Syria, Gold will go higher. But again, our long term bet in Gold is due to the QEs problem that we hedge for a world worst disaster if any to come.

We don’t see any extreme stuff happen except US strike on Syria.  As we believe market start to digest and Obama idea to only limit strike on air.  

We don’t forecast politics but we believe KLCI will range bound 1,700 – 1,740.  If nothing much events will see more bargain hunting to support a small technical rebound with highly close end of the week expected.

Month ago when worldwide central banks competing devaluing their currency especially started by Japan.  We speculate that BNM may follow as suddenly RM becomes too strong that will affect our export.   As Malaysia’s manufacturers are not use to hedging as RM is still a semi protected currency.
We suspect BNM take this regional minor crisis and devalue naturally RM by not intervening into its dropping value.  But we see won’t be far.  Max acceptable USD vs RM level will be around 3.60 and below.   First support should be below USD 3.40.

Not just politics, even the business does not talk sense. I do agreed fuel price hike may incur cost in the supply chain. However, crack down on illegals that impact legal and illegal workers is definitely a joke.

Either I read the news as many local developers engage illegal workers. However, the crack down also caused many legal don’t dare to turn out and work.

Firstly, does REDHA suggest no crack down on illegals workers or property sector has exception? Since when things are becoming so complicated.

This is daily jokes that I think Yen can cook may better than our politicians now even REDHA. There will be a day when market force will take back as a decision making factor on price.

In this scenario, is our national interest is more important or property developers’ interest? You can forever transfer cost from supply chain but so do market whether can accept it or not.