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.

We bought mildly into CIMB and Maybank as we like its value now. Especially CIMB and many thoughts it is link to previous government. If you look at the major share holders. It is too a people bank now. Great value and we will continue nibbling in the market as we think bargain started emerged.

Even if at RM 1 trillion, that’s about USD 250 Billions. If you would know the ranking of national debt of worldwide countries. Malaysia still far away to be top 10 in term of amount and GDP percentage. Buy on value. It is opportunity.

Of course you must spend within your capacity. Do some shopping that long overdue and it is your nessecity even better.

If you want to make it better. Invest into business but not just buy stock. Create strong internal demand that ultimately improve tax collection. Everything is a cycle. If anything you can do to immediately help up he economy is to spend!!

I think this quarter will spark some movement in 4th quarter. Retail will definitely do well till last quarter but especially 3rd quarter.

I just read DBS expected RM to be 4.2 against USD by year end. I have copied the link in this DBS forecast of RM by year end. Days before KLSE opened. A number of analyst expected many results turned out to be wrong. But they still in the job. The greatest leakage on earth is the pay to all these so call analysts sometimes can be coordinated with speculator and real forecast but base on no ground.

This is the first time in history. I think the appointment of Minister is based on merit though in an limited resource for elected MPs. Where Lim as Minister of Finance will change the core accounting of the country as the most appropriate appointment. Mat Sabu and Muhyiddin also appointed nicely within their capacity.

Particular the council of elders. With lot of experience from different era and areas. This is one of the most powerful economic council that I believe is highly beneficial to Malaysia.

With this, I would personally raise Ringgit target to RM 3.50 vs 1 USD and KLCI to reach 2,000 in next 12 months. Even could be end of the year of 2018.

I cannot understand most analysts that short fall of their view but still in the work. KLSE will be holding well. If TNB drop to RM 8, don’t you think Malaysian does not have enough money to buy bargains? I believe our market will be holding well even short term uncertainty.

I think is only minor and can be only few days. As I mentioned before, capitalist will only look at the bottom line. On the other hand, if a better government to govern the country. A better business environment can lead to even a better bottom line. Remember Trump effect? The market dropped only a while and push it to record high. Who knows and I will buy modestly into the market.