We think the local market and global markets will try to find lead in coming week.  Range bound in tight range with focus on corporate development.

We are not very convinced another cash call just after the previous exercise.  The only comment is the management of MBSB lack of long term planning.  We would like to call on a hold and change our status on MBSB to monitoring stage.

We believe temporarily all uncertainty are fading.  World markets will gradually recover after severe beaten down in February due to oil.  To us which is unreasonable.

Oil from USD 110 to USD 27 and back closing to USD 40.  Today financial markets are dominated by speculation that drive part a nation economy.  The best strategy will always be the same. Know the value of the asset. When price low be brave to buy more and when price high be scary to dispose. 

If you find something can have a return of more than 100% in 3 to 5 years. Forget about the volatility and just keep holding it.

We are adding CIMB as below RM 5 for us is consider a good value.  Given the bank is doing more to enhance share holder value. Covering regional ASEAN with a potential of world biggest market when adding China.

We also like ALSREIT recent results and it’s ptoperty portfolio.  

Series of economic data from all over the world point to more drastic easing action ahead.  We expect more money flow back to equities market.  Oil will stabilise around USD 50. A perfect storm may start forming!  We do not know when but we continue to reduce debt ratio. Moving more towards asset or income oriented equities.  When the next storm come. It can be for years.

We would like call for a hold on MNRB as it has continue registered losses this quarter.  We will not dispose nor buying for the moment until more clearer picture of its P&L.

CIMB reported increase of profit year on year for 312%.  However yearly profit still lower than previous year.  We are positive on CIMB current share price and continue calling a buy.

Kawan shares price may goes further. But given the current market sentiment the price is at premium.  Furthermore if USD weaken against RM further.  The sentiment of high exchange gain may fade.  New capacity and sales may still need a year or two to reflect.

We sold some Kawan at RM 3.65 and bought RHBCap at RM 5.45, CIMB at RM 4.30, OSK at RM 1.62 and TunePro at RM 1.24.

Stephen Chow new movie “Mermaid” taking a hit worldwide especially in China.  As of today the movie break China’s record with RMB 2.5 billions and still growing for the following days to come.  We believe this time will significant contribute earning to Bingo group.  Besides, also will provide a good branding for Bingo for future productions.  The price of Bingo has increased from HKD 0.20 to a high of HKD 0.30 even though Hang Seng crashd from 32,000 to 18,000.  We have a temp target remained at HKD 0.40 to 0.50.  Long term target depends its plan in creative repeating income oriented business.