If base on reverse of rate hike trend.  Possibly between 25 to 100 basis points in next five years.  We don’t see the fair value truly reflected.  We think USD is over bought and possibly peak in sentiment very soon.

I don’t know what are those Fund managers comments about loyalty. Yes, there are always Android users and there are lots of Apple fans.  But they have forgotten also most gadget users can hang around two OS.  At least there are neutral users for that segment will likely to go to Apple.  

RM already weaken a lot since 2 years ago.  Personally I don’t see it is important worry if another round of rate cut will impact too much.  On the other hand, it will help to boost internal consumption that we see things gradually turning around while still fragile.

We have closed off all futures positions except Apple with continuous long position held.  Sterling dumpling, Oil back to above USD 50 and heading to USD 60.  Bitcoins staying around 600.

No one will always got 100% right in investment. However, practising focus on your winning and cutting your losses quick is important. If I am wrong at some points, I will cut loss and reportfolio. If I feel that’s a right decision. I will continue to focus buying up until it is at a fully valued at my perception.

We have been buying into MBSB when ever a price dip in the week. We always believe good opportunity never come twice easily.

This is the 5th time we long Apple in 2 weeks.  We longed Apple after the announcement of iPhone 7.0 and price dropped back to USD 113 level.  We believe IPhone 7.0 hit the hot button and will do well in 2017.

Gamuda and Gadang are getting a lot of support in speculation more projects will be awarded.  Especially Gamuda-WE with persisted buying volume continuous emerged.  

As for Gadang, beside of speculative play. It’s EPS is stabilizing and with the announcement of bonus issues and free warrant will further boost short term buying interest.

We sold Gadang before and we have bought back some at RM 2.93 and Gamuda-We at RM 1.33. 

We expect also both fiscal and monetary assistance to property segment soon.  However we still think it is not the best time to invest property Stocks as the slow economy will prolong.

All governments are keep pumping money. Large corporate and individual billionaires are reaping profits.  If these entities are not spending and everytime looking for immediate ROI.  The cycle will continue until a day they will own the country.  Enforment is needed to ensure they are investing into the economy even during a slow time.

We think more stimulus both monetary and fiscal will be introduced in budget 2017.  Market will rise and retest 1700 in near term.  Oil will be above USD 50 in 2017.  We expect the economy continue to be slow but gradual improvement in 2017.