Exceptional strong earning of HEVEA prompted us re-entered in the stock. We believe in short term the stock will have a target close to RM 4.00.

Adjusted as the announcement came late on KLSE information source on trading halt.

Looking at the current equities trend around the region.  I believe KLCI started to react to 1MDB surrounding issues.  We believe this will drag sometimes and we advise holding on any major investment and wait for the right opportunity.

We continue selling our Hong Kong portfolio riding on strong HKD vs. RM will give us another additional 20% gain. We sold Fortune REIT since our purchase at HKD 3.70. Excluding dividend and currency gain we have a healthy 100% gain over 3 years holding time.

We also reaped partial profit from CCB and ABC. Even thought the variation of the banks are still low. We again taking advantage of strong HKD boosting all our profit by additional 20%.

We sold Tasco at RM 4.380 and bought MBSB at RM 1.90 and MNRB at RM 3.840 respectively.

Paramount shown a good quarter.  We continue to expect it’s share price to benefits from its new campus and realise of its recent property projects.

We also like Tomei and Padini as both operate in intense competition.  Especially Padini with the direct competition from H&M and Uniqlo.  Tomei shown tremendous recovery from its plunge after gold prices correction from high.  New businrss in Comestic is a good move to us.

Whereas Boustead Plantation disappointed us since its listing.  

Entire Asia fighting rapid increase in property prices in the last few years has caused the market clam down.  Indeed, plentiful of property developing related counters’ stock prices are subdued.  From locally Malaysia to even China, prices of property developer PE dropped to as low as 5 to 8 times.  

I personally feel this is a good sign as developers in history mostly could not read the market well.  They keep building as long as in business angle they can make money but forget the overall supply and demand rule.  We may have a few outstanding companies can withstand in any situations.  Governmental measures are recommended to control the overall platform of the industry.

We believe there are values in the market.  We will start looking around for quality companies as an early entrance back to this segment.  Interest rates increase worldwide is already priced in in short term.  Asset related investment will still a good choice for wealthy investor to leverage their portfolio.

MBSB poor quarter and MNRB reserve to payout for flood in Kelantan in Q1 2015 emerged as excellent opportunity to accumulate the counter.  I hope I can have more good sense to buy more before the price regularise back to it industrial normal PE level.

With World banks maintain interest rates at ultra low for long period to come.  Is cash still king even inflation at modest rate?  The current environment promote equities but we believe eventually benefits to asset oriented investment for years to come.  No matter there is a crisis or no crisis.  Cash is no long valid and in fact depends on which country are you living in.  We believe quality growth stocks, REITs, properties, commodities and may be even a valuable collections are much better than cash.  The longer interest stay low, more ratio of our investment will switch from equities to others portfolio to reduce risk.

MBSB announced its poor quarterly result due to impairment of new rules.  But to us it is still a very attractive counter.  With the current market price of RM 1.90 level.  It is still only a mere 9 to 10 times PE.  We will accumulate on dip.

We dislike the price fluctuation of its recent performance.  We sold mildly to reap our profit from average RM 0.70. 

China central bank another rate cut during weekend will spur new buying activities in Hang Seng.  It can be another boost of economy of another currency devaluation in progress.  An objective for the world world in a hidden agenda of currency war.

KLCI may be stagnant to cautious due to increas political uncertain on status of PM Najib.  We are not really sure the underlying forces behind recent dissatisfaction of his own camp.  But we do feel a potential moderate crisis is on its way.  The idea situation will be the resignation of Najib.  However we believe the path will not be that easy. A potential snap election can be called depending on the development of the story.