SOS TIME TO REPLACE PROTASCO WITH VITROX, WELLCAL AND PADINI 

As discribed in 4 November 2014, assumed bought at 10 Nov 2014 (price not shown in i3 between 5-9Nov)

                     Nov 4       Dividend      Net cost       29 April 2016      GAIN        %

Padini          1.71           0.15             1.56             2.19                      0.53        34%

Vitrox           2.70           0.09              2.61            3.56                      0.95        36%

Wellcal         1.60           0.10             1.50            2.41                      0.91         61%

vs

Protasco       1.74            0.18            1.56           1.70                        0.14         9%

Credit must be given to iCapbiz picks, as stated, I selected from their TOP 10 holdings.  The reason I sold all Protasco shares was not so much of their fundamental, it is more of the oil and gas SCANDAL.  Integrity issue.  Funnily, Protasco can still provide a 9% yield for 17 months.

MY FUND MANAGER RECOMMENDATIONS

There are many, such as Tenaga, Tune Protect, Digi, KNM, Maybank, OCK, Gadang, Jaks, Genting, Malakoff, QL, TSH, Freight Management, BArmada, Sedania, Public Bank.

Of course, these are recommended over 2014, 2015 and 2016.

Some of the one I like (even some of them has dropped 10%), such as Digi, Gadang, OCK, Vitrox, Wellcal.

WHAT METHOD DO I USE?

Filter the Top 10?  Perhaps.  Some others I am putting in my watch list, Prestaring, Datasonic and MyEG.  Problems with these stocks is they are Government crony stocks.  The concern is whether the prices out run the earnings.  

SHOULD WE BUY MORE OR SELL?

This question is a FAQ whenever market drops.  The question should be, is it according to my PLAN.  If you do not have a PLAN, take your time and come up with one.  Else, this question mean differently for different people.  (If you ask a trader, buy when market oversold.)

If you have fully invested (always keep 20-30% for market correction of >20%), then, just sit and watch.  If you are longer term investor, should avoid monitoring the market too often.  It may be pointless, unless the stocks had met your parameter in your plan.

BURSA MARKET

Share market is more volatile mainly due to Currency fluctuation as a result of central banks action AND liquidity AND debt issues and BREXIT.  Of course, Malaysia have more issues especially on scandal, and political integrity (which effect the investors, especially foreigners).  I have long recommended to outsource our government to "the Singapore Government" and the anti corruption agency to "ICAC of Hong Kong".  That way, our GDP can easily up by another 2-3%.  I suppose, this is the leakage we are having.

ONE more thing, due to the 1MDB case, chances are higher ringgit will depreciate (0-6 months) to RM4.00-4.20.

DISCLAIMER

Just sharing my 2.6 sen thought.  Not a call for Buy, Sell or Hold.