A quicker than quick turn by all punters from bearish to highly positive.  We think the capitalism will be more capitalism than ever.  The market is going to be bullish for the year if without any war!!

I think it is not easy to trigger mini war something like in middle east.  As the scale of N. Korea is much bigger and the impact to S. Korea, Japan and China may be huge. Because of this, a war started in the regime will fill world wide market crash and recession.  I use to think it won’t happen but with a Young leader in N. Korea and Trump as president. There is a slight chance of a crash. That’s worrying. We will monitor the situation closely if there is a change of strategy.

While US and it’s President busy sending messages.  The focus should be more in China data.  If both US and China are confirm leading back the grow of economy. Others will follow and a potential super bull is in the making.  

All of a sudden there is no need for a technical reason but politically pull back the recent run. But it is healthy and I think is a good time to buy quality stocks.  

We added MBSB at 1.22, OSK-WC at 0.340, KIPREIT at 0.945.

We like it’s recent project in Melbourne JV with EPF.  We also like it’s Windmill project in Genting. Beside, RHB Bank will recover towards end of the year.  A very good bet to hedge both Stocks, Financial and Property in one counter. Only thing is its history may not be easy to make money from OLH counters.

Is it a good time to buy into property related companies? I think if from KL to Singapore, Sdyney to Hong Kong. If the price is above Majority can afford. You may need to wait sometimes.  But we like OSK, Glomac and UOADov.  We may start accumulate but slowly.  

Fundamental has not changed much but I believe due to previous year selling over done.  Plus funds are flowing back to ASEAN.  Rotational buying are happening in KLSE.  Jakarta is at record high as well.  We believe this will persist for a moment. 

As of the current price and it’s recent earning performance plus all it’s corporate developments.  We think the current price is a hold from buy. We will temp stop buying all these three event it is out top picks.  

Don’t ask me what is the target.  If RHB bank stock price recover and earning back to growth. Plus OSK properties are doing ok.  OSK holdings should have a fair value of RM 2.50.  You can work out what’s the fair value of the warrant then.  

Hedge into inflation but how? We have mentioned many times. Buy companies stocks that can transfer inflation to retailers.  Mostly KLCI components stocks can be hedged against inflation.  Beside, buy property. As of now a yielded property.  Have you seen a property value in 2017 can drop back to 1997 level?  US QEs made money smaller and inflation will make money further smaller.