If Mr Lee mentioned Malaysia has a brain drained problem due to over focus in one race.   How about another problem that most of our industries are now over depending on foreign labours?

There are tons of reasons either right or wrong.   So i rather put aside but mainly focus in dependency.   From retail of most shops to construction for property development, household, plantation, manufacturing.  

The economy is still growing forcefully.   The transformation to service oriented industry still on going.  Manufacturing is picking up in autonation.   But are we foinf to havr enough time and effort for all transformation?

Indonesia announced 2017 will be the year to ban its local workforce to work abroad.   Philippines econony is picking up and so do Vietnam that create more jobs for their own people. Eventuallu Nepal and Bangladesh will pick up too.   What if one day there are no such low cost labour anymore?

We should ask this question fast and find a fix.  If not, it is going to have structural eocnony problem in the coming years.

There are plenty of knowledge out there. There are plenty of experience to be picked up. Almost all like to be rich. However, still there are many jewels unnoticed. Still many think don’t know how to start. And …….

I asked a kid whether you know how to start playing skate board? He told me virtually impossible he can know how. But when you see the kid doing something he like it, he google, he read books, he experiment to find out how.

So investment needs passion. It is the same after all.

We believe the Hari Raya mode will extend to next week. As it is concurrent to school holiday. Equivalent to fund managers summer holiday.

We bought AUD again as we believe it will give us good opportunity to invest into Australia asset. We still believe Australia is full of resources and potential in the future.

Currency may adjust to global and local environment. But asset related investment will be good for mid to long term.

We continue to unload mildly Bonia at RM 3.40. But eventually we will still hold half of our Bonia portfolio in total.

We switched to Multico, AAX andUOAREITs

Below IPO price of RM 1.250 plus character of Airasia group post listing stock behaviour. We skip the fundamental but bought in mildly AAX share and start monitoring its detail fro now.

Bonia looks very strong by noon close at RM 3.300. We suspect they may be a corporate exercise soon. However, we unload another small batch at RM 3.250. We switched to Multico, Kawan and UOAREIT.

We have temp unloaded all Hanergy Solar at HKD 760. We ripped a small profit. Before we decide which climate opportunities to be invested next year. The sudden price increased probably due to the EU agreement with China on the pricing of solar board.

We have added Kawan and Multico mildly yesterday. We also added AUD at RM 2.920.

We believe this is a good chance to add in more AUD. Though AUD has the same weakness like RM but is further weaker by the potential of a rate cut on 6th August 2013.

We added Teledata mildly at SGD 0.013. Due to the price is not reflecting its actual business. We will hold on a quarter and look at their recent result after acquisition of the Korea base Co. We will advise further after a quarter.