The recent JV for Indonesia activity is definitely a good idea. However, with PE of 20 times, it is out of our investment favour. We still holding 60% of our purchases before we start selling when it reaches RM 2.10

We will monitor further on the cost control but we feel that revenue has increased over 30% and that is still a good sign as good price has down to USD 1,600 level.

With 8.22 EPS till quarter 2 on hand, we still believe Tomei can get through RM 0.10 EPS for whole financial year. Still it representing 6-7 time price ratio if based on RM 0.730. I am not sure why they is seller.

Teledata SGD 0.011
Tomei RM 0.780

Once again, yes it is may be true that there is chance that you can sell higher if rumour is true. But if you base on discipline, you will find that 8/10 times you will be profitable if you sell on sudden price increase. As it is always it is — stock market is driven by rumours.  Driven by fundamental, you will be sitting away from profit.  As Buffett always emphasized, only discipline make you richer.  It is not rocket science to invest in stock.

We added Tomei, Ascott REIT and Teledata

To recope part of our investment from Padini, we have sold 15% of our holding. As we have reaped more than 1 times gain. We have switched to Tomei, Success (Re-entered) and SCOMI (Restructuring speculative bet)

Price at RM 0.310 and SG 0.009 respectivey

We are a firm supporter of healthcare service can withstand any economy slow down. The challenge is how much do we think IHH and Stemlfe worth. Our TP is IHH RM 3.50 and Stemlfe RM 0.500

We believe the recent short sell an in Spain and Italy. Together with its bailout pontential for the whole country. We believe the market should take crue to take a rest. 1600-1620 is a good testing on first uptrend bottom.

We sold UMW at RM 10 half of our portfolio. Also to Oldtown RM 2, half of what we are holding. We changed it to Tomei, Spritzr, UOAREIT, Allianz. We believe this round the crisis is well shield-ed. Everything back to earnings instead of timing. We staying invested but will be cautiously optimistic and defending as strategy.