We have monitored Multi-Code Electronics and seen a confirm grow path. With a PE of 6 times on the back of dividend yield better than FD. NTA of RM 1.63 as of recent quarter announcement. Multi-Code also announced a contract awarded by Proton with approximately 15 mil revenue a year. In view of continuous stable car sales trend in Malaysia and the region. We start holding Multico with a target price of RM 2.500.

I have a chance to visit Perth Australia lately and visited many property projects within CBD and surrounding area. Prices of residential properties are firm and strong even without the conversion of currency to RM or USD. Apartments and landed houses generally start from AUD 400,000 up.

Together with pricing data from Singapore, Hong Kong, China, Malaysia. Asset related investment is still very strong across Asia. It also suggested our view that money is definitely getting smaller and currency values are debasing everyday.

We continue to favor China as strong reserve country. Singapore as well managed country. Australia as full of germs with minerals and agriculture country. Our hedge destinations continue suggest China, Australia and Singapore as our main targets.

An improved revenue plus stable profit has put Analabs highly undervalued. With its business model, dividend policy and its NTA. Analabs should worth a target at least RM 2.500. Lack of institutional holding is the key problem hindering the run.

Certain selective index linked stocks are moving but overall market volumes and movers are not convincing. We will stay aside or buying in certain our top picks as long as there are seller.

We believe world’s markets inclusive KLCI will range bound. Any upside is slow and not much from the current level.

1 cent shine away from our target and we believe our modeling on undervalue stock has improved. As Sunway already achieved our target price, Allianz is 50 cents from our target. We will put more focus into Layhong, Affin, Alaqar and a new target MNRB.

I do not see any triggers for KLCI and other worlds’ major markets. There are bad sentiments and so do money getting smaller. Markets will trend down but will easily invite bargain hunter as people is looking for yield.

We recommend a hold to any activities until clear direction or (if) there is bargain in the market. Strategy remained defensively stay invested. We are tempting to sell of POS and switch to others.

We don’t see it will be the big problem as the world financial market should pass through soon. But we still maintain defensive investment is because we don’t believe a book that cannot be balanced. That’s the world’s accounting as of today. Increase revenue and hopefully by one day the book is balance.

Bingo eventually exposed its portion of its return of Journey to the West. As of RMB 1 Bil. Ticket sales. Bingo will bag around RMB 70-80 Mils income as according to report. That still exclude income from its cinema chain that will start show result this year. We are disappointed the price has adjusted a lot downward by we still suggest a hold or buy if dip below HKD 0.150 call.

On the other hand, Teledata announced result that should sees them out from it monitor by SGX. However, cash flow is still weak and it has to seek further extension from SGX to be excluded from monitoring. We believe there is potential still a power struggle in the board and share holding. The successful Korean company take over or not will have a strong impact for its share price in coming months.

As such, we recommending hold but nibbling if Bingo below HKD 0.150 and Teledata below SGD 0.013

A potential temp reportfolio by foreign funds. A strategy by BNM to start lower its value to protect manufacturing. (A move I always seen ineffective that caused our business slow to adapt to global environment)

Uncertainty of election and Sulu case? But we feel that a stable currency is very important in 3 to 5 days moving average to avoid speculation gap allow. Ringgit is still not fully define by market force as the values define by a selective basket of currencies by BNM.

We will temp stop purchases of foreign currency especially AUD as from 3.18 to 3.25 vs Ringgit is about 2% variation in a week.

AscendasHT continues its price adjustment from its first IPO to date. A good portfolio income together with global low interest environment has given REITs a good run across everywhere. We maintain hold as our target SGD 1.200