It is not an easy task to find a quality agriculture company to invest in Malaysia that not link to Palm oil. We believe it is time to accumulate in long run moving ahead of issues on inflation, war time, climate change and etc. We start to monitor and accumulate.

Uber and Grab changed the supply chain and created a new supply chain. Till date, these models are not even making profits. Following IR 4.0, AI and 5G pouring into all supply chains. There will be some industries going to be wiped out and some new Industries may take advantage. Thus, there is a need to be extra awake going forward if your major bet can be replaced And who are the

Before the announcement, we added at 0.605, C53 and C57. Close to 5 months and the approval finally came through.

Out of a sudden, MBSB is one of the appointed bank for EPF load recently announced. Loan recovery from Bindai Linden. Customized loan MOU to MRT vendors. With higher interest rate income in place. MBSB set to make a big change in 2023.

The question is how much it worth. How diffcult to make a PE of 10 times for the price of RM 1.00. RM 7 billlion market cap need RM 700 mil profit a year?

If the price stay at RM 0.60. I will not have a reason not to add further. I still favour a volunteery GO at RM 1.2 and relist the bank and pair down EPF to 40%. Overweight MBSB from now till M&A complete.

MOF approved M&A

https://www.theedgemarkets.com/node/663429

Custom loan for MRT corp. Vendors

https://www.thestar.com.my/business/business-news/2023/04/12/mbsb-bank-to-offer-customised-financing-to-mrt-corp039s-contractors-vendors

EPF loan above 40 years old

https://www.theedgemarkets.com/node/661790

Bintai Kinden to repay loan

https://www.theedgemarkets.com/node/662996

I think the funds are moving in quite agressive. As such, I picked C2Z and C3G. Only modest speculation please. We bought at 105 and 265.

From November, I believe around mid 2023. Many new products will be coming out leveraging ChatGPT and many industries may be reshaped. Even the newcomers may not be profitable like Uber. The key to investing will be also taken into consideration of the risk being automated. ChatGPT is like skynet if you are not suing it or controlling it the right way. But, capitalism will push it to the max. So do criminal opportunists. You are going to see more scams and more calls in the future.

Russian war, perhaps even China and US tension can be purposed escalated to facilitate the growth of military industry when other industries are projected to be weak. We will continue to be cautious and buying only dividend oriented stocks which are undervalued.

Besides of tech stocks. Nothing can command more than PE 15 times. But, the day will come and realize end of the day, tech stock need to deliver too.

As of now, we like Tomei. Although is it not sexy like tech stock. The stable I come across years should be a buy on dip below RM 1.20. We already started to collect Tomei and will expect to increase our holding gradually.

I will forecast that a potential general offer of book value 1 time optional before switching to new stocks structures.

Or at least, a special dividend is on it ways plus new issue of securities for the take over of MIDF. Overall the merger is positive.

After the submission of the proposal to BNM. It make sense for both to create values because of each other weakness. After the merger, both will be able to offer more products to the market especially the Islamic section.

Price at RM 58 cents is a steal. Perhaps the only reason the price struck is because of huge holding of EPF. I still think the best is to take it private at book value. Option for share holder to be remained in new share. Realize the value of a universal Islamic bank going forward.

As post COVID inflation continues and is magnified by war. Inflation is becoming worsen. Central banks like Fed chosen to aggressively hike rate. Hard landing is the only path as it is trading recession with inflation problem.

I don’t know how to solve it. But sustainable investment strategy is the only option from now. I will only buy REITs and Banks. Full stop.