Possibily it will go further but base on our principal, we have disposed all.

Price reverted to upward against overall market and i believe a restructuring announcement is on its way. We will keep the last 20% holding upon any announcement. If no news in short term we will dispose all.

From company results to macro economy plus local politics. We are suggesting a downward bias trading of KLCI. Of course, compare to years back. Our market now is a little more mature that some good stocks are KLCI downward prove. But we still think if you were to enter and buy into the market. Always give a lower tick as we think you can get a little bargain in coming weeks.

Until budget time!!! But if our bullets are tight now as we need to balance our book also. I dont see any too good news even if there are good news, many will think the budget spending again harmful for long term. Now is how creative is the new budget that can create spark again.

Mean time until budget announcement, we continue suggest defensive investment strategy towards asset oriented companies.

Why i will say it is a joke. Because years back when a GO offered to entity that own Astro. It was highly undervalued before the GO announcement. After the restructuring, now Astro purely Astro with a smaller entity. Relisting easily command a PE of more than 10 times. So if you ask me, does it worth well to apply. My answer is “Need not think twice”. Because people behind it are so good in turning more money to even more. I bet they are many people benefit in this kind of exercise. But who care, thats Capitalism world even i dont really agree. Another typical example of the rich get richer. Just think of the so called institutional investors. Look at IHH that some even exist in the first few days of trading. It is a joke, but need not think twice.

Closing to 11 Months since inception. Our price of first purchased and after right issues are averaged around SGD 0.007. With the price of SGD 0.011, we have an estimated of 57% for 11 months. We missed an opportunity to sell off and buy back before right issues. However, we are still confident that we should leave only if we have more than comfortable return. Since the company is continue recovering and one of the largest share holder is also DBS Group. (How they got it we dont know)

Many analyst covered the stock and recommended it worths RM 1.450. To us, we believe the future value should not be factored in so soon. We also do not think it is fair to compare the value of SunREIT and Pavillion REIT. As we believe it is all over price with a yield below 5%. May be interest really too low everywhere that 5% becomes attractive to someone. But for REITs, if you look into choices that you can have from Malaysia to Singapore and Hong Kong. I will like it in my portfolio but immediate target of RM 1.45 is a bit expensive. We will only buy a little more if it is between RM 1.30 – RM 1.35.

Consider good development of Bingo Group.  We continue our speculative target for Bingo.HK.  After share consolidation from 2 to 1.  Temp new stock code 8395.  Trading at HKD 0.150

“ChinaVision Media (01060) said it entered into an agreement with Stephen Chow and Bingo Movie Development Limited, a wholly-owned subsidiary of Bingo Group (08220) regarding certain investments in a motion picture currently entitled “Journey to the West”. ChinaVision will acquire 50% of the 60% of the entire equity ownership of the motion picture for Rmb38 million. Following the investment, ChinaVision will acquire 30% equity share of the rights to produce, market and distribute the said motion picture on a
worldwide basis. ChinaVision also entered into a motion pictures development co-operation agreement with Stephen Chow conferring an option on ChinaVision to invest in the production of 5 motion pictures in which Chow would play a significant role as filmmaker, producer, director, script writer, protagonist or other leading role within seven years from the date of the agreement.”

If you were to ask me the timing, i really not sure how low the overall market will go for China market. It has been corrected sometimes. If you would like to buy low from China, do consider CIMBC25. The PE of Chinese banks, Telecoms, Energy are all at reasonable level now. Anyting below RM 0.840 is consider slowly nibbling opportunity.

In history of the universal as man kind understand.  The universe is inflating at all time and it is accelerating faster then ever.  Due to political practicaily, it is really hard to also force all facing the problem directly,  So from US to Europe all are emphasizing on pushing the problem to the future.

As money become smaller, as you can see from most developed countries interest rate today. All are closing to zero and this means cost of borrowing is so low that yet we still struggle to revise things everywhere.  I am not sure when it will happen but re-adjusting our portfolio to asset oriented investment is important.  Well of course it can be commodities but we always do not like it due to timing.  What does it gives you while you holding it when timing is not right yet?  But yet, we should have a portfolio with Gold together but not major.

E.g.

1. Property (only if good rental yield, dont go for speculation)

2. REITs (Potential Capital revaluation and stable yield across time)

3. Equities (that linked to commodities like Oil & Gas, agriculture)

4. Commodities (we still prefer Gold only)

5. Collection items (Something rare and may interest you)

As after a long week run up, we start to see it correct potentially as phase 1 and we believe second wave will come judging its volume and pattern.   However, we favour to recover our cost of investment and let the balance grow.