After the quarterly result announced. Revenue is the first time increase quarter to quarter after sold of or convert its conventional loan to match Islamic loan. The sign looks good and we are going to buy mildly into it again. By far, MBSB still our largest holding as of now.
If RHB result is good. It should benefit OSK. Base on current price of OSK not even reflect the performance of RHB Bank. We have been gradually collecting it when market is weak. I like Jaks as going forward 2020 expecting a slow economy. Its energy segment may deliver and in fact a potential leap frog if there is no fraud accounting basis. Eventually Kipreit is still our REIT target. We need good cashow model return. Currently in term of yield and potential capital gain will still let us fall in love with Kipreit.
Business is the advocator of certainty. Speculator is the advocator of crisis. When today major leaders are stunning market rather than calming down market. The era of non ethical and highly unpredictable started. Hedging may become one of the necessity of all investors.
I have been buying GENM due to its beaten down price by surrounded theme park issues and new taxes. I always think it is a good worthy stock. But recent decision by major share holder in buying assets from its own pocket did raise question. The point is not long term or short term. Most important is the ethic. That’s set bad example to Malaysian stocks.
If you wish to enter the market. I would advise to buy for long term and especially cash flow healthy company with consistent profit. Personally I will keep buying on beaten down blue-chip with great dividend yield.
From China US trade issue to Iran, S.Korea vs Japan, Brexit, Hong Kong fire point, Taiwan, N. Korea, Russia and US exit mid range missile treaty. Also our local uncertain politics. I think 60% chance can lead to another prolong slow down from any of these fire points.
We sold HHH Corp as we believe recent sentiment is not justified. Though we still like the stock but given 50% gain without fundamental or even real reason for speculation.
It will be great if US-China is able to settle the trade deal fairly. But RM is strengthening and corporate earnings are improving on the ground of most companies are expanding income source outside Malaysia.
We bought CIMB, GENM, OSK, JAKS and MBSB lately. We are on target to rebuild strong cashflow portfolio. If RM is gaining ground and we shall start to buy overseas.
We bought GENM, OSK and SUNREIT mildly. Especially GEN will be our focus buying target.
However, as our strategy is to buy mild but reduce debts in investment with a much bigger ratio. We aren’t buying a lot.
But our strategy will lead to lower borrowings but still capitalize low price with dividend yield target.
Our cashflow investment model remained sound and we are growing gradually as off any situation.