We have done some purchases BSDREIT at RM 1.830, Paramount RM 1.62, BJCorp at RM 0.620 and Teledata at SGD 0.016

It is almost a fact that weather has changed across the globe. It is almost certain that human today will not stop what we are doing that continue pressuring the environment.

Opportunity point of view. We still agree that agriculture will be one of the key industry. In addition, clean water, air, healthcare are as important as well.

Agriculture will be our first pick follow by water utilities and healthcare.

Sudden turn of sentiment in Nikkei, HSI, Shanghai and Asean market has turned the market to temp further correction.

We maintain calm as we have disposed some equities and swapped to more fundamental strong MREITs.  

We bought in Teledata, Bingo and Aussie Dollar as continue accumulation.

Consistent growth in revenue and profit. Reasonable PE around 10 times. Trading at RM 0.905 under its NTA. We initiated converge and start holding of the share. Food branding is a good move and we believe it should worth RM 1.5.

KLCI will look for direction but has joined world’s markets this week correcting from over bought. Concerns of potential slow down in easing policy created perfect excuse. STi SREITs retreating to a reasonable level with better yield than Malaysia. We believe KLCI will range bound between 1760 – 1780. Selective rotational play will continue.

Not until all central banks stop printing money. All major markets will continue to do well. Some initial batches of funds that bought in may lock in their profit.

Local fundamental wise, slightly disappointing on almost all stocks. It appeared the market is expensive. But due to cheap fund hungry for yield. Market will still do strong.

We still suggest defensively stay invested. But slight increase in cash when disposing expensive PE stocks.

We are delighted that Kimlun has provided as a quick profit holding only months. We decided to sell off also due to its valuation is now around 15 times above.

We believe the recent result from DKSH is a bit unfair to reflect its current price. Although long term we remained optimistic, we sold off mildly. Switching all to PLABS, OCK and IGBREIT.

I still don’t quite like IGBREIT due to its valuation but dropping back to RM 1.350 level is acceptable to us.

KLCI may go through a correction but rotational play is expected on trending counters. Global sentiment over shadow local. KLCI will look for direction but we believe the party is still too early.

Agricultural related picks are LAYHONG, BSDREIT and PLABS. As we agreed that the safe best on next wave is going to be agriculture after metals and oil.

We have fully disposed Tuneins in view the resulted announced of EPS 2.07 cents are far away from our principal. We have profited from its IPO down trend purchased from RM 1.350. Current market price represent more than PE 20 times and we have decided to disposed all.

We switched partially to Plabs as accumulation. Very non liquidate, smallcap and virtually no fund can enter such a smallcap stocks. But we see future of agriculture and its related business.