1. MNRB
2. Success
3. Paramount
4. MBSB
5. Cypark
6. TA (New)
7. Lonbisc
8. Kawan
9. Heveaboard (New)
10. L&G

We are not sure which side is right or wrong. But the VGO at RM 3.50 can be antagonized. We believe price of Layhong may surpass RM 3.50 when resume trading. Layhong current share holders may reverse another higher VGO. Alternatively, they will increase its holding share by further buying from the open market. However, a great chance to continue to dispose our remaining shares at higher price.

We suspect a corporate exercise that involved controlling competition may have emerged.  It is within our speculation months ago.  However, we are contented with our profit.  We sold 80% of Layhong today at average above RM 3.300.

We bought MNRB, MBSB, Success, Hevaboard, TA, Cypark and Qcapita.

We reviewed on June 2014

https://joepoh35.com/2014/06/17/lay-hong-bhd-hit-rm-2-40-with-potential-ma-in-place/

Alibaba market capitalization surged close to 40% with 2nd most valued stock after Google.  Once again, it shown technology business is the only way to leap frog in a short period of time.  Of course it must be also in US to demand such high valuation. Funds I’m US is much appreciating technology business than any part of the world.  Alibaba strong debut will also drive Dow Jones sentiment higher.  

We will see also more Chinese tech firm will be inspired by Alibaba for more similar development path in both China and international market.

We see some buying interest is back and we expect it is going to be improve further this week.  There are not much fresh leads locally for a major rebound.  We believe a range bound to a higher close is likely.  We will buy on value for our top picks if there is an opportunity for discounted pricing.

As usual that IPhone 6 has packed with features when it first announced.  Everything to me are still an enhancement from the previous version.  Except screen size above 5″ is a killing to many dominant big screen players in the market.  For now we believe Apple hit the right button for its fans and also those that shifted away due to screen size.  Thus Apple should earn an re – rate of its stock value soon.

Even EU central bank, Australia central bank, Central bank of Japan all having the same tones.  Interest rate is to be low for long.  We see at least a strong last quarter in 2014 and early 2015 for equities market.

Local GST kick start in April 2015.  We will see a strong activities in last quarter of 2014.  As more transactions on all angles will be done before April 2015.  Strong retail sales results especially will be recorded.

KLCI will continue to drift range bound or lower but strong chance to maintain its weekly close above 1240.  Rotational interest on certain stocks with GST but should be short term.  Global sentiments continue to be weak with new measures may be introduced again soon especially Europe.

We suggest selective buying or nibbling into our top picks. Accumulating quality stocks will be a key success factor in the last quarter to come.

We have monitored its result for a while. Stock price from RM 1.30 rose to today RM 1.80 level. With the recent quarter 8.99 cents EPS and NTA above RM 2.60. We rated this stock as buy with a target minimum to RM 2.50. However, we don’t recommend strong buy at this stage. Mildly buying below RM 1.80 will be good.

Russian persistency in Ukraine issue over Europe is formulating a solid uncertainty in the market.  Together with lower Bluechip performance reported.  Unresolved Selangor issue and growing Ebola outbreak.  We believe a great strength to threaten the bull in short term is there.

We advise stay away from market if you are not looking for long term investment.  Selling on strength for any speculative counters.  We will short KLCI in any strength.