Thank you for your emails requesting for weekly updates and subscription. Appreciate your feedbacks as well. Apologies for not responding to all your questions and thank you note, specifically on Bright as I am still in the midst of compiling the incoming recipient emails. Just to reiterate, I will structure my posting into weekly update (my overall view of the week) and midweek updates (update of counters only). Many have emailed to ask if I charge for updates/subscription, I would like to state I provide complimentary updates to subscribers for Basic Updates. I will try to respond to your queries to the best of my abilities. Thanks.

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Macro View: (~) European stocks climbed, extending an all-time high and heading for the biggest weekly gain since January 2015. Asia market was buoyant spurred by the meteoric rise of Hang Seng Index (highest since 2008) and Shanghai Index breaking critical level. US remained sideways with some mildly positive bias due to flow of M&A activities. Oil commodities hover around USD50 and USD56 respectively for WTI and Brent.

Potential Risk in Global / Domestic Market: (-ve) Globally, the rapid rise for HSI and SHI is worrying. It reminds us of the historical bull runs in our own local bourse. Usually, it is not sustainable. As for Fed rate hike, the position of delay is not as clear as it seems. Locally, reduction in oil revenue and lack of fiscal prudence will remain a nagging concern. 1MDB debt issue answered by the govt is far from satisfactory with no resolution in sight. GST implementation has seen the increase in prices of wide range of goods and services across the board.

Contra Picks: Bright (TP RM0.525) & KSSC (TP RM0.575)  

Please note for contra picks, tread very carefully. it is highly volatile and require constant observation. Subject to market condition. Only for the high risk appetite. 

Short Term Picks: MPay (TP RM0.33) & Tropicana (TP RM1.26) 

Mid Term Picks: HoHup (TP RM1.80) & HoHup-WA (TP RM1.20)

FA sound, good solid recurring income from JV with Malton and MBM Land. More than a construction play. Turnaround company with low PE. 

Long Term Picks: Hevea-WB (TP RM2.70)

Hevea has been a star for Q1 2015. An export counter play but more importantly, a turnaround company with good strategic initiative in place by management. Foresee continued weakening of Ringgit against Greenback as advantage. Also, the boom in property market in western country means more VP and completion. This signifies further growth in secondary sector such as funiture, fittings & ware exporters. 

Food for thought: What goes up must come down. The faster the rise the harder the fall.

May good fortune come your way!

Disclaimer: This is not a recommendation to trade. It is merely the expression of the author's personal opinion and shall not be held responsbile for potential gains or losses executed by readers.