At 12-13 times of PE for AeonCR, we opt to start reducing our holding. We mildly buy Bingo.HK, Stemlfe and FocusP.

He is a great investment guru. He is a kind person. He down to earth. He doing his part worldwide with Bill. I hope he will be well.

We still dont like the valuation at 1,600 level thus, we continue our nibbling on quality and recovery stocks that show brilliant valuation.

There is fundamental support of LBS though we still do not think it has a strong branding. For Mtouche, it is worst. No fundamental but purely corporate development. Interestingly, both stocks will do well and we given a higher TP from now.

Both sessions crossing and closed at 1,600 with well asorbed profit taking. We believe the market now will steadily move towards 1,620 above

From a 12 months period plus recent buying volume piling up, we will continue to monitor and add Teledata position as long as below SGD 0.015

The current KLCI level is not really supported by real fundamental. Some may say is election, some say local fund is buying up, some say it is foreign hot funds. But who care!?

We do not like the current index level unless we see a good EPS ratio across the board between 8-12 times. As at 1500 level we are cautiously optimistic. At 1600 level we will turn bias to defensive play. We start to build cash position and severely reduce speculative stocks involvement.

Beside of the top 5 new picks, we will mostly concentrate on REITs and cash.

Revised top picks due to PE and EPS adjustment, now we favour:-

1. Tomei
2. Cheetah
3. Oldtown
4. FocusP
5. Stemlfe

We will use all amount disposed on AFG and STAREIT to re-enter Tomei, STAREIT and Stemfle.

With its PE of 11-12 times. We believe the current price level reflected fair value. We will keep cash for now