When it will going to end? Why can’t just issue the report and make public on all issues need to be addressed? It is not days or weeks but months or even year. We suggest PM Najib to appoint another Finance Minister as you are not going to have time for managing the finance of the nation. Just ad chairman of 1MDB as you found no time to monitor the operation at all!
Speculation activities to be increased
We believe if the current situation lack of lead but a good environment to promote speculation. We expect more such activities in coming week. The Edge suspension will also increase our confidence in this scenario due to less market monitor and intelligence.
Sell if any sudden price increase and exchange your RM with good valuation companies. Besides, AUD and Gold are in good value now.
We will buy Gold mildly this week
We like whenever there is a bargain in the market. In long run we believe in Gold will continue to be a reliable commodity. In fact even as a better fund for opportunities if there is a financial disaster.
We think the ban on The Edge is inappropriate
If understand the role of The Edge daily and weekly in past many years in Malaysia financial industry. It’s dedication towards the growth of the industry and it’s current importance as local financial media. The ban on The Edge is definitely inappropriate and a back step in the financial market.
If it is guilty in its actions against 1MDB issue. We suggest to charge the writer or author of the article. However, it is our stand that reporting an issue that finding truth in 1MDB scandal is not a crime. As not even able to prove that its actions are illegal at the current stage. We do not see any justification on this ban.
It is a major step back in the financial industry in Malaysia perhaps worst in its history.
We sold some Apex at RM 1.8 and Kawan Warrant at RM 1.67
We continue to sell on high valuation of Apex and Kawan warrant. We bought back MNRB at RM 3.80.
We continue to increase our holding on EIG
We have been buying since RM 0.96 to today RM 1.05 level. We continue to buy more and we hope we smart enough to buy even more at good price.
We sold Hevea at RM 1.11 ex-split stock
We sold Hevea at RM 1.11 after ex-split to RM 0.25 share. The stock moved above our target of RM 4.00 before split and we are satisfied with the return. We will sell more of price continue to strengthen.
HEVEABOARD strong earning prompted us re-entered at RM 3.09 | J&J Investment Co.
https://joepoh35.com/2015/05/25/heveaboard-strong-earning-prompted-us-re-entered-at-rm-3-09/
Gold down with Aussie Dollar in stress
As Gold price continue to correct to 5 years low due to strong dollar and less demand from China and India. Aussie dollar facing pressures as Gold is one of the important mining income. But we do like it as we like Gold and Aussie dollar in long term. We will buy mildly from this downward trend.
We think market will up but on low gear
We see most markets will look into results to rally further after Greece, China problems stabilised. However, a pretty uphill task that also need a lot of good corporate result to push up further.
In this market, we will stay quiet but buy if there is intermediate bargain stocks available.
Google soaring 15% on satisfactory result
Google share price charging up 15% on good result announced after new CEO appointed with priotization on research projects. We still like tech companies that will continue deliver stunning technology and profiting shareholders. Climate, food processing, technology and Healthcare related will be our suggested 2016 segments.