All companies above under our portfolios delivered 5-10% growth on both revenue and profit. Favco, UMS and Stemlfe however made flat result. Good sign of one of our top holding Layhong is returning to profit

We will reward the above result by further buying in mildly Kawan, Uli and Success in the next few days.

Foreign funds sold a total of net RM 4.96 Bil ended 23rd Aug over 4 weeks. I am not quite worry as this is just a regional sentiment and movement. Of course, our country have structural issues to be solved in long term but this time round is a good correction.

RM depreciated close to 7-8% over USD. That makes good excuse for short term hot funds to exit the market. A deep of KLCI below 1700 without too huge of a fundamental change present a good buy opportunity. As of now, there are some bargains outside although not on big sales.

We definitely like RHBcap at RM 7.280

We believe the Asean selloff will temp lose momentum. Markets should reducing its losses. RM should stabilize and technical rebound this week.

Indonesia, Thailand and Malaysia were beaten down in the week with the reason of Fed policy on bond buying. In fact, I do not see the direct link of this theory of “scares”.

RM crashed over major currency especially Dollar. from below RM 3.1 to now RM 3.3. If months ago is even below RM 3.0. RM has almost a 10% beaten down lately.

Equities wise. KLCI fall almost 60 points weekly and Indonesia at one time around 20% accumulated loss. All on credit rating, currencies, misses GDP figures & etc.

Market will be week and may try 1700 support level. But the severity and fluctuation will reduce in this week.  However, we do no believe this is a crisis.  We think is good chance to pick up bargain slowly.  As we don’t know when is this round ending of correction.  So we again buy stocks in stages.

We bought RHBCAP at RM 7.30, Plabs at RM 0.16, Kawan at RM 1.00 and Multico at RM 1.780

We bought AUD at 2.980 and Teledata at SGD 0.013

In the process of selling out non performer and switching to better prospect stock by cutting lose 堡獅龍國際. We temp keep HKD cash and will switch to beaten down stock if opportunity arises.

We take this correction opportunity to sold off Astro at RM 2.960. As we believe the current yield and EPS is no in value. We switched to Multicode at RM 1.780 and Kawan at RM 1.00

We are not very pleased with the static revenue registered thus far. Estimated PE work out to be around 17-18 times with the latest EPS result. We may disposed if price continue to rise.

With RM 256 Mil turnover and a net loss of RM 7 millions plus put us start to monitor once we believe a well managed company. NTA at RM 1.34 with increased in revenue still a good sign to us. But we will monitor its performance as how it cannot withstand the fluctuation of Gold price.

Because Fed policy meeting and direction scare crashed market?  Thats why i will say if you listen to these so call analyst. You will never make money yet cannot sleep well.

1. How could sentiment changed drastically in a month time?

2. Isnt it all factored Fed?

3. Is a good stock only depending on Fed policy?

You must be kidding and we bought Multico RM 1.780 and Kawan RM 1.03

My bet is short to mid term funds moving in and out making excuses.  That is why I always suggest do not time the market.  Buy when you know the business is right and undervalued.