Yes, the market is now cheap. I am not sure how long need to hold on. But I would like to add on my hokdings. I bought CIMB, Rhonema and KIPREIT. Looks like lots of things to buy. Great value in the market.

This is one of our mid term winner as our return is more than 260% with dividend yielded across 4 to 5 years. Their business model remained a growth stock and recent Europe approved its products will stir growth. Current PE of 17 times remained manageable. We will continue to hold on for this stock.

I like to start buying properties especially in the period where developers offer lots of goodies for your purchase. Still location is my first selection criteria, second will be developer and third the theme. Lastly, they must have GRR, profit sharing or money flow subsidies for at least two to three years. Overall local properties market need around 3 to 5 years for a turnaround.

The emerging market selloff has deepen. Money are leaving South East Asia. It comes and it goes. The important is stick to quality value stock investment with dividend yield.

We have bought into CIMB and Maybank mildly. We also bought into WCT and Gadang mildly due to its seriously beaten down pricing due to mega projects being cancelled. Potentially also their links to the previous government. But among all, we like WCT and Gadang as these two companies both have assets and business from other source like mall operation and utilities.

The current trend of market may need sometimes to recover. But it has value in the market. We will pick those qualify fundamental with dividend yield as priority of our bargain hunting.

We are taking chance to slowly exit MNRB. We think MNRB is highly undervalued but the style of managing the company return to share holder does not make sense.

We bought CIMB and KIPREIT. But we also added Gadang and WCT that linked politically to the previous government. But their assets, recurring revenue and contacts in hand will be still look good for at least 2 years.

Emerging markets are strong but a developed economy will move stock market even further. If things back to basis. Everyone is doing their best in their interest. Forget about race, religions, level of life. Respect each other and do what is necessary. KLCI will move beyond 2000 to 3000. It is not a dream. Real fund and real growth of listed companies mostly in fair, regulated, business friendly environment.

I have not been buying any stock link to heavily to politics. The key reason is when policy change no matter change of government or even leaders may lead to nothing.

I remember MYEG when lot of people buying it. I did look into it but with the price ration of 20 to 30 times. I am out. But many fund managers were supporting it. A classic example of don’t take political stock as a blue chip stock.

I believe many funds are losing money after the regime changed. Because too many of them just like to go with the easy way and show result because of trend but not value.

Overall the project is positive to drive economy activities along the whole area covered by HSR. When economy activities pick up. More taxes can be collected and this infrastructure is strategic to create partnership between Malaysia and Singapore. Lots of tangible and intangible benefits. I think cancellation of the project may not be a good idea.

But looking back into the leakage problem. A review on who to handle the project and cost of handling it may be good. Totally cancel of the project is definitely a strong U turn and many business planned due to this initiative will be dropped and write off.

We have reviewed our position in EIG as it has made losses lately. We will see if GST removal could help before we decide on the stock. Currently is a hold.

We will start monitor Ken as this new quarter result shown reduced revenue and profit.

We have bought more MBSB, KIPREIT and Rhonema in the month. But we will start to buy CIMB again due to its drastic adjustment after opposition government taken over.

We have also acquired more REITs during the sell down early if the years when interest rate increased announced by BNM.

We continue to make adjustment to our portfolio. We reduce loser and increase our winner. The main objective is to move towards sustain grow, stable, good governance, good dividend yield and under valued stock.

Write back has begun and base profit also improving mildly. A new journey and beginning may drive revenue and profit further in year. Together with a potential lengthy write back. I believe a strong potential to have EPS per year around 20 cents from end of the year onwards. A strong and safe bet. We will continue to buy in any pull back.