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!

It is a positive thing that we need after 1MDB issues.  At least not because of 1MDB impacted every angles.

We do have a better appetite after this upgrade and we bought Cypark after their good result announced yesterday at RM 1.80.  We will reasonably shop around after this Fitch upgrade.

As expected the world markets bleed on several issues.  But we start to nibbling mildly on Alaqar at RM 1.31 and KSL at 1.71.  We believe the market will be soft for the whole week and we will gradually bargain hunt any fundamental sound stocks at distressed price.

Local issues, China slow down, Greece woes and strengthening dollar will lead market weaker.  We believe KLCI will try it’s support at 1700.  We will buy mildly if we see value in the market.

I think just timing as the government of China has been easing it’s policy to support growth.  After the recent run up and sold down in record last week.  We believe the short term sentiment will be worrying across the market.  Although we also do believe China market will be a great long term destination.  We have sold a large position weeks ago and we will buy in back if we see value I’m the market.

As we believe the growth of China market will be continued fiercely. Potential China government may limit and grow its domestic market. Purchases of governmental computers and servers will continue to drive Lenovo growth. That’s exclude its market share development in the international arena. We like it if the price is between PE 15 – 16 times in 2015.

We think all issues persisted and pointing to a weak sentiment.  However, we started to discover value in the market.  We will buy in slowly at the current level.  Anything below 1700 will trigger bigger sell off.  We advise invest in value. 

We continue our bargain hunting activities today.  Air Asia at RM 1.45 is a bargain to us.  We added Msports at RM 0.11, MNRB at RM 3.99 and Alaqar at RM 1.33.

At RM 1.65, it has dropped more than 50% since we disposed at RM 3.80. May be something on going we do not know. But at RM 1.65, we feel the price is very fair to re-enter. If price falling further, we will buy more gradually.