With a 9.42 cents profit announced and accumulated 3 quarters for 27.92 cents. A fair value of RM 5.00 is a safe guess towards the last quarter. We suggest a continuous hold to Hap Seng Consolidated until above RM 5.00

White Horse reported close to 20% increase in revenue and profit. A close to RM 3.00 valuation can be only fair to White Horse which has a strong branding plus consistent results.

L&G with 7.92 cents EPS is a strong result. But we think that can be certain one time clocked profit. But with half year 12.7 cents and potentially above 20 cents a year. L&G fair value should be higher than RM 1.00. We recommend a strong buy in L&G.

With EPS of 3.64 cents reflect around PE 10 times. We maintain our call to buy with a target at RM 2.50. The new campus intake and property development surrounding the campus will boost its revenue and profits.

Allianze and Kawan have both increased revenue and profit consistently again. We suggest a long term hold for both stocks with target a min. RM 15.00 and RM 3.00.

Affin however registered revenue gain but lowered profit. We suggest a hold with a merging play. As after CIMB, RHB and MBSB merger, the left entity will be Affin as clear target.

We believe Paramount new campus university income will start to contribute to the group earnings. Together with its development project surrounding the campus. A potential profit contribute leap frog may be possible if cost is to be managed well. With the current PE around 10 times and consistent dividend yield. We believe is a strong buy min at RM 2.50for next 12 months.

Worry about Europe and other parts of the world may back into recession as there are no rooms to spur growth anymore due to loosening policies across years. However, as if No 1 world market US is on its track to grow. At least it can restarts its bond purchases. Japan continuous loosening policy. Now, China rate cut that can spur the world 2nd and 3rd economy of the world. We believe the market will maintain its upward trend for now.

We remain positive about the market even KLCI has a weak buying pattern last week.  We like the outcome of APEC and G20 where more focuses in continue reviving the global economy.
We particular like China banks as the valuation is rather attractive. 

We have bought into our portfolio at HKD 11.140 today.  We like it as it’s valuation relatively low compare to others in China.  The growth potential is encouraging given the market is huge.  Enhance relationship between China and Japan may also given some lights to it.  We call for a buy at this level and mid term target min HKD 15.00

We bought MNRB at RM 4.350 and Hevaboard at RM 1.800 and Cypark at RM 2.420.  We continue to favour our top picks with time to time bargain hunting activities to increase our holdings.

We continue to add Gold and AUD to hedge over weakening RM. We believe USD will improve further against RM. BNM may increase another 25 basis points next 6 months. However, BNM will be very cautious as to monitor the impact of GST that will start in 1st April. We believe retail will do well in quarter 1 of 2015 and follow with an extreme slow quarter. Thus giving more stress to RM in 2015.