We added Gold as we think the risk of a crisis increased.  Our purpose of Gold is not for investment but as fund to leap frog crisis.

We believe the best thing to hedge in the coming months will be shorting Pound and Euro.  The problem will be prolonged. Even if there is a crisis emerged. People will run to dollar and Gold.

If US economy can’t justify rate hike.  If even US economy is weak people will jump to USD again.  Even though we do not believe in USD strength but we believe in pounds and Euro weakness. 

We added EIG as we believe the recent signing of exclusive distribution for Kate Somerville products exclusively for Hong Kong and Macau is good effort in enhancing earnings.  We always reward our support for these initiatives for our holding by adding possession of shares.

Base on the current EPS and announced activities.  We will continue to buy below RM 0.90. However that does not means if new development ahead changing the prospect of the stock we will even buy higher or sell.  This week strong buying activities is a positive note to this holding.

Though largely due to BREXIT but one step further to flat rates among those still able to cut.  Odds at all central banks hand. If fail to revise economy whole world economy will crash.  We are at a obvious cross road.

We bought MBSB at RM 0.755 and MQREIT at RM 1.210. We continue to support MREITS on the back of KL-SG high speed rail link and our advocate cashflow generator.

A counter with less than 30% floating on bursa. Possibly the current price is a bargain that you can buy lower price than CMY.  Like I mentioned before I do not know the reason why plenty of sellers for this undervalued stock.  To us it is logical that we keep buying when price below ex-rights of RM 0.800

Overall MFG PMI dropped slightly from 50 to 49.9. But Caixin MFG PMI hit 17 months high. However Service PMI rises to 53.9 vs June 53.7.  A data shown growing internal demand and transformation in progress.  Overall is a healthy sign to support the world economy.

If the price drop further, we will persist our buying as we believe the value is there.  A rare opportunity for mid to long term investment.

Be it political, business or whatever agenda. If there are 3 major world class auditors resigned one after each. What is the actual cause and it’s implications?  I am a new kids on the block for audit. That’s why i keep asking questions!