We don’t see much activities and local market will be very quiet ahead of Hari Raya.  If there is bargain due to a sudden catalyst for down trend. We will buy stocks that we think has value.

An emerging issue where Air Asia may need to increase its capital for its loss making unit in Indonesia or face closure.  Air Asia price today partnering with A shares to take a dive.  Somehow we like it and bought into the the share again at RM 1.31.

We have triggered a major bargain hunting activity today.  We bought China Rail at HKD 5.70, Chadao at HKD 0.28, Lenova at HKD 8.95, Poly Energy at HKD 1.25, Emperor Capital at HKD 0.46, Bingo at HKD 0.18, Hopson at HKD 5.65, Ali Pictures at HKD 1.45, Regent Pacific at HKD 0.088.

We will buy again if the market distressing further in the coming days.  Of course gradually but a little more agressive.

One month ago there is still nonsuch basis due to the market in China near peak.  Today, the market has dropped more than the level before the bull run.  Is there a drastic change in economy structure?

Perhaps many investors already prepare to leave the market.  Low interest initiated bull run given a great opportunity for them to exist the market.  When the bull burst, the sell off worsen due to chain reaction.

In mid to long term we still like China.  We started seen a lot of values in the market.  We have bought some stocks yesterday and we will continue to hunt for great value from now.

We like it at SGD 0.730 with a yield more than 8%.  Also with an opportunity to divest REIT portfolio in Europe.  IREIT portfolio mainly in German and will gradually extend beyond.

We taken this opportunity also buying mildly into the market. We bought KSL at RM 1.67, MNRB RM 3.85 and Cypark RM 1.71.

We bought Lenova 聯想集團 (0992) at HKD 9.10, Emperor Capital 英皇證券 (0717) at HKD 0.590 and Poly Energy 保利協鑫能源 (3800) at HKD 1.500. We would like to buy in more if the market move further down in next few weeks. We like the current value in the market now but gradually.

All eyes will be on Greece.  If the result is “no”.  We believe world markets will take excuse to sell off further.  However, a fair chance also with a result of “yes” which we expect market will rally worldwide.

We bought MNRB at RM 3.85, Alaqar at RM 1.30, EIG at RM 0.980 (Avg.), Cypark at RM 1.80, KSL at RM 1.71 and Glomac at RM 0.795.

We will buy on dip and also looking back into Hong Kong portfolio soon. The recent correction has brought prices down at level even before market run-up. Except financial stocks holding half of the run-up value due to series of lowering interest rates.

We believe next week any dip in HSI will be a good time to pick up some bargain. We likes Lenovo, Dong Feng and Emperor Capital.

My advise to those who responsible. Immediately settle or be transparent within a time frame. Be it 30 days or 60 days. This issue is hammering the entire nation and economy. The impact is very substantial and because of certain individual or group causing a sentiment problem in the market.

The solution is very simple. If there is nothing wrong just table all accounting on the table. If there is something wrong, just admit and responsible. We need to move on!