As the dateline closer to end of August. Foreign insurers will need to find a local partners to pair down their share. As there are not much quality local insurers left in the market. MNRB should be a part of the game plan. At least to my personal perspective.

Neymar moved to PSG created world record transfer fee. In fact not just Neymar but overall all players registered ultra high transfer fee since 2010.

Bitcoins hit USD 4000 where certainly a bubble to me whatever reason you are going to justify it. But cant be short as i really don’t know how much it can goes up before fall back.

Property price for all major cities continue to climb with low yield justification. Even smart phone prices are going up every year.

Money becomes smaller and yield becomes lower. However, capital gain continue being inflated and inflating. World major central banks will start to raise rates. Then follow by lack luster economy and easing will come again.

Dow Jones creating new high. Coporate earning become better. In fact it is not business is getting better but money become smaller. A developer used to sell 10 house for certain revenue. However, now they just need to sell 5 to have a better number.

A major disaster will come to rectify this situation. But when? I dont know perhaps still years to come. But we will be careful to invest perhaps more into bluechips that can be benefited continuously from this inflation.

We will stay invest in bluechips and growth stocks. Cutting off speculative investment. Buying commodities or if there is any good yield property.

Perhaps, start to build up readiness to short the market. I hope i will be able to detect the signal early. But as of now, stay invested but reduce risk by switching most funds to bluechips and stable high growth company.

The risk is increasingly higher though i always not a fan of these two. I do worry about intermediate war that can drag the recovery backward.

1. MBSB – Continue accumulation during weakness.

2. INSAS – Buy mildly on every dip but should not over invest.

3. Maybank, CIMB, PBBANK and AFFIN – Long term buy

4. Ahealth and YSPSAH – Hold and acummulate mildly on wekaness

5. Paramount, EIG and MNRB – Add only during market correction. Favour more on MNRB in mid to long term.

6. MREITs – only favour REITs with a theme

Alaqar – Healthcare reits that have consistent growth every year even it is small magnitude.

YTLREIT – Hospitality REIT that will perform well when middle income group growing with travel as important lifestyle.

ARREIT – Diversified REIT with portfolio holding many strategic locations as stakes after MRT project.

MQREIT – Governmental linked with monopolized governmental related portfolio after reverse takeover by MRCB.

Looking at the global trend where banks are improving their earning. As for local site, i think the banks will don even better as we have a range of activities in mid term to support the earnings.

If worldwide stock market continue rally and create new height. As we believe the trend will persist for sometimes. We started to rationalize our portfolio to selloff PEs and inconsistent earning growth companies further. Thats inclusive of our REITs cashflow model to dividend yield model.

We believe REITs is still in favour but the continuous supply of offices and Malls are prompting us to revalue our position. We will keep strategic REITs but disposing non core to stable growth dividend yield bluechip or growth stocks. New portfolio will aim to deliver more than 10% return a year.

When inflation persist, it is not the earning of company is better but money getting smaller. Thus, stocks price should adjust upwards as well.

When property price increased but yield is high. Means demand is more than supply. When property price increased but yield is lowered. This means a clear money getting smaller sign. Supply is mote than demand property price will not go up.

As we mentioned earlier. We will review our REITS policy from holding of all type of REITs to switching towards divdiend yield stocks as income model. Key reason is definitely MRT. We will review and go along with the strategy of the swapping for higher yield and growth of dividend stocks. But reducing those inactive REITs and also impacted by the MRT factor.

When investing into properties, strategic location becomes an important factors. My personal view is MRT made many locations becomes strategic instead of one area. It is a good news for the average but not so good for the strategic. Worst is for those no plan to be connected in the next 5 year. Office and low to middle end residential will see the direct effect.

All data pointed to the steady recovery from most segment especially GDP, retail and home prices. Because of this Australia dollar rallied as expectation of better commodities prices.  If US, China, ASEAN are doing well. Recovery can be seen in EU. We may see a perfect growth in next 2 to 3 years. Underlying risks still there. But in short to mid term look positive.