Thailand reported a shrank in quarterly GDP. Indonesia reported lower than expected GDP. RM, Baht and Won weaken. Pressures are continuous on ASEAN markets.

Improve result and private placement give strength to its stocks price. However, we find PE of 15 times above and in such a short period has given us a capital gain of 50% plus interest yield from our entrance price of RM 0.480 is consider a rapid result. So we unloaded half of our holdings and switched to Multico, AAX and Kawan.

We agree with conditions.   I may be bias to the existing policies and believed that it is not optimise for grow strategy.  

We believe most of the markets especially KLCI will be non action at all. Slightly trading lower due to regional weakness and continuous weaken in RM.

However, individual stocks will shine if good result is to be announced. We continue to like Kawan, Multico and AAX. We will continue to buy in if weakness prevail in the market.

Our strategy continue to be defensive and stay invested. Buying undervalue stocks and MREITs that adjusted its price recently, reducing debt ratio, adding weight to foreign stocks and assets.

A surprise result for us even we like KHIND always due to its undervalue and brand strategy in overseas.

We continue recommend a hold as our target for KHIND is above RM 2.50 at all time. Due to its small share issued will limit fund investment.

However, they need to stable their profit monthly in order to get higher attention.

So far I personally bought KHIND fan before and it lasted long for me.

Overall turnover increased 1.9% but profit reduced slightly. However still able to clock EPS SGD 0.0023. Report on its business and IP2SA are in progress and we are happy to reward its performance by another purchased at SGD 0.014 today.

Both insurers have done well in the pass week and we continue recommend a “Hold” of Allianz min target RM 12.00 and MNRB RM 5.00

When we buying in Gold per month from USD 800 to USD 1,900 and dropped back to USD 1.300. We are not actually investing in Gold. First, we buy in consistent Gold every month is because we are not expert in Gold prices. So if we purchase in a linear format we believe we will get average good price in mid to long term.

Another key objective is we believe paper money is getting no value further as all central banks continue to print money. So we hedge a small percentage in our portfolio with this commodities.

Finally, we are always believe that market crash will always give good opportunity to buy cheap asset. But only gold will have a higher chance to provide you good value to buy cheap asset when market crashed.

We believe temp the credit issue has been digested and HSI resumes its momentum. Undervalued banking is on the move again. ABC has recovered from 10% and we bought in CCB that still has an indicative PE of 6 times. We added at HKD 5.900 and also Bingo as our long term bet at HKD 0.159.

We started to bought in mildly and monitor this newly listed company. It main business involved road condition recycling in China. It has up pretty much from HKD 2.43 as listed IPO price but we like its business model. We will start to monitor Freetech as our “Climate changed” related investment which will be our focus investment next year.