Where are we heading?

Bursa raced for another +15 points last Friday after OPR was raised 25 basis point. Petrol subsidy system was scrapped. More good news are expected for the people, especially for East Malaysia as the Election is near  ;=)


On the other side, DOW JONES has been slowly marching to the NORTH. Positive jobs data released last Friday added another +122 points for the DOW. Unclepicks is optimistic. DOW JONES has to catch up with the strong financial quarter reports released last month.

What is hot this month?

NEP, where we are heading.
http://my-1.themalaysianinsider.com/index.php/malaysia/55169-political-risk-fears-stalk-new-economic-model

Road to recovery, GDP up, OPR rate also up?
http://www.bernama.com/bernama/v5/newsbusiness.php?id=477099

No more fuel subsidy plan.
http://www.themalaysianinsider.com/index.php/malaysia/55222-government-confirms-tiered-fuel-subsidies-scrapped

SOLD 1,000 MAXIS @ 5.460

Maxis EPS dropped to 6.70 from 8.20. Selling MAXIS to balance cash ratio.

SCOMIMR fell sharply yesterday. Unclepicks will not hesitate to buy again at ~0.35 . Have you forgotten that SCOMIMR profited S$61.5 million from selling CH Offshore? What will happen to the coming quarter report?

Quarter reports

FAVCO, LHH, YTLPOWR = good quarter reports.

MUHIBAH, IJM, SCOMIMR, HUAAN = so so quarter reports, but sustainable.

*SCOMIMIR's huge loss was affected by goodwill impairment loss(one time off).

Market has no direction. But, one thing for sure, only dispose your stocks during a good rally. At this sideline time, just do nothing when there is nothing to do.