QE3 effect may not be feel immediately.  It is measure taken to avoid a double dip.  We believe KLCI will stage a technical rebound but bias movement to below 1600 in short term.  Sell stocks that dont give back yield and high PE.

FED announced additional QE3 measures. I personally do not think it has much impact except push backward a double dip and wait for something happen.  But is is for sure, inflation is here again.  FED is expecting low rate through 2015. In this case,  QE4 may also become option soon.  Buy Gold, Properties, REITs for asset revaluation soon.

Base on RM 1.23 right issue, the yield is closing to 9% and we believe is a good yield to go ahead.

From the pass week of the downward pressure plus our earnings result analysis. We believe the market is correcting naturally plus pressure from both political front and weakness in China. No panic selling but keep calm before entering with bargain hunting nature.

We bought mildly again today. We have an opportunity to chat with one of the branch manager as i am lucky to be their customer as well. After talking to Poh Kong, Wah Chan and Tomei, we believe Tomei impressed me in term of knowledge and always thiking of the customer angle.

We also understand that most of their team members are happy. That is important and the family run business is still growing. We recommend further buy on Tomei as long as price is below RM 0.800.

At the price of RM 1.130, we believe Qcapita is still able to deliver more then 7%.

Due to continue weak data from China, equities are under pressure but for ABC.HK, HKD 2.80 below emerge to be bargain. We will start buying from now slowly again. We added Gold as contingency.

Purely on speculative, as after the right issue, the NTAB of the Co. remained higher than its current trading value. We dont like construction company due to its need to continous get fresh project. But the MRT phase 2 at Kota Damansara should given RM 80 Mil profit as minimum 10% margin. Of course can be more or less depending its final management of the project. Given price between RM 0.580 – 0.620 is a good mid term buy. Around 6 – 12 months.

As any fresh new income, we recommend to reduce your loan and buy into commodities. So far, we still favour Gold even there is multiple choices in the market due to liquidity.