Fund raised from the right issue will be capital for its loan. Beside, also investing into assets. Thus, when adjustment of NPL regularised. Based on a low side of dividend between 3 to 5 cents. The yield is actually better than some MREITS. If dividend is to be raised back to 5 cents to 10 cents. We have a yield of 10% or more.  

Opportunity does not strike so many times. We decided to continuous nibbling on it. We bought today again at RM 765

Pence can be the right person that further boost Trump chances to win.  Series of terrorism attacks did help Trump.  We will need to reportfolio if the situation persist further.

After BREXIT, Nice attack and Turkey Coup Attempt is making complication to Europe’s economy.  Looks like we are having weekly event for such cases from the globe which is nothing good for the economy.  As such we believe Euro will subject to further pressures in coming weeks.

We cannot understand the reason of SC to propose such move. Yes, you may got certain REITS able to grow nothing different from a property company. However, risk will increase as any development will carry risk. It will defeat the purpose as fixed income instrument.  If it is the intention of MREITS’ manager. SC should ask them to join a property development company instead.

We continue to mildly accumulated MBSB at RM 0.76. Before BNM announced rate cut, we also managed to add more MQREIT.  As MQREIT Sentral portfolio is very strategic.  Lastly OCB as price dropped to show value for us.  However we just added mildly as there is still a catalyst needed for its price to spike.

We have shorted Euro at 1.11 against USD. As we believe softening economy, Brexit, terrorism attacks will pressure Euro further in coming weeks.

A continue good sign that the sell short investor may need to come in huge short covering of world markets if the trend continue.  We believe China and US are in the right track except Japan needs to do more to really see the result of growth.

EU is definitely in uncertain and mess. We think besides of fiscal and monetary policies. It is time to find more stimulus that not tie to both monetary and fiscal.  

Be it for BREXIT, or improve economy activities or reduce borrowing cost.  It is a good sign but only pressure to RM a little which I think already factored in today’s rate.

MREITS immediately reacted because FD rate drop signalling a better channel for fix income. Besides, reducing borrowing cost and improve EPS.

The only negative effect will be on importers and banks. However, lowering rates may improve loan grow also beneficiary to banks.

No matter what is the agenda and Malaysia deadly need a cut at the right time.

Since US established, they have not stopped intervening other countries affairs like Russia, Cuba, Middle East, China, Asia and so on.  So far proven many problems US solved also created by US.  Perhaps the major economy steroid for any country is to have war. When you create war, you got huge production orders from internal and external. 

Perhaps also given them a so call fair trade negotiation when US still got most nuclear war head pointing to its different ideology counter part.  When a country that owe most debt in the world.  It’s currency still able to be one of the strongest.

I am an advocate of peace. However, if this is the continuous movement by US as it’s foreign and economic policy.  I think very soon people will imitate and one day it is not going to do good for human being.

I am still waiting when will justice be served when they invaded Iraq with the excuse of risk on mass destruction  weapon.  However, nothing found till date.

Both still our picks and holding.  In our view the prices of both stocks have dropped drastically.  Although we think MNRB has lack transparency.  But the current valuation becomes attractive.