Once and for all or cultivating worldwide speculation on dollar.  Is a waste of time to keep issuing comments but indecisive.  It is not helpful to the global economy at all.

Due to stronger dollar and Asian currency devaluation.  IPhone price continuous to increase up to near 30%.  Besides of US, China and Hong Kong where their currency increased as accordingly.  Do you think if this persist will this affect phone sales?  

Does dollar worth its current value when it is the biggest debt nation on Earth?  

Due to correction in KLSE and also RM weaken after oil price back to USD 47 oer barrel. CIMB-C7 dropped back to RM 0.065.  We added midly and main our view either the whole world will enter into recession in 2016. Alternative the world will recover with a lot of easing again before a major crash comes in next few years.

It is a thin line yes indeed.   First of all, you need to be objective enough to understand what is right or wrong.  Then just do it.

We don’t believe US interest rate increase can have such a big impact on emerging currency.  Even FED does it in months to come merely 25 basis points or most 50.  We don’t believe emerging markets are that off the financial track.  Currency devalued by 20 to 30% in 12 months time is severe.

We also do not believe is 1MDB although there is a potential credibility impact.  Be it RM 100 billions in debt that a figure Malaysia can absorb any given time.

Budget based on oil at USD 100 per barrel is the main problem.  After new budget announced we believe Ringgit will stabilise further.  Currency devaluation war will persist. 

Oil price will slowly recover back to USD 60 per barrel as OPEC target.   RM will stabilise and strengthen against other currencies in next 12 months.

Spending more money on patrol cars or bikes. Hiring more police officers and put on the street.  Providing awareness campaign or education. All are just short term measures if without a mid to long term plan to create bigger middle class group. The speed of the growth of middle class is direct associate with the rate of crime activities.

One of the impact project is to develop Cyberjaya city over years.  This will benefit developers with land bank in Cyberjaya. 

A just reported 6.9% is higher then forecast of 6.8%.  However is under overall yearly target of 7%.  China decisively cut its rate again for both benchmark interest rate and bank reserve ratio. 

It isn’t a bad news but we advise to closely monitor the signal of show hand.  We believe still another 2 to 3 years ahead.  If US is not able to raise its rate with China continue to weaken and it’s internal demand fail to stimulate the grow rate. A sizable recession may really come globally. 

In short term, KLCI will be stimulated further with this news as China is Malaysia largest trade partner now.

As expected by us that budget 2016 will need a big areas to cover as all rounder.  However it is not really a stimulus but  emphasise on lower budget deficit to stable RM. 

Reducing GST for some necessities is crucial.  Taxing the rich to increase budget revenue.  Using GST to cover oil price budgeted in 2015.  CAPEX to kick start numerous infrastructure projects.   Mildly reduce taxes for middle class and promote necessary industries via tax rebates.

GDP expected to be lowed around 4% is reasonable. Minimum wages increased also can assist mildly to the lower income group.

There are many details but we believe is an all rounder budget that specifically aim to stable RM.  I believe a little budget increase in deficit is a better option to boost economy. Boosting tourism market is the right move but again always is the delivery. We need to catch up in this segment.

As we expected the new budget will clear the concern of income from oil per barrel based on USD 100.  We expect RM will slowly recover with even more intervention from both fiscal and monetary policies ahead.

We look forward KLCI to retest 1800 before year end. 

We continue to add Bingo.HK at HKD 0.265 in anticipation of its movie release in CNY 2016.  The potential of company is huge but need a solid team to assist Stephen to push the group to a higher heights.  Our target is HKD 0.50 in mid term till 1st quarter of 2016.