For those who followed my posting and made money from VIS, Bright and MPay, I am happy for you. However, this short term trades require quick decision and discipline. I recommend fellow traders to be willing to cut loss or set your own trailing stop when riding profit. There is no better way to put this: It is always better to earn a little than lose a lot.

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Macro View: (~) China 1Q GDP growth slows to 7%, lowest since 2009. Although it was in line with analysts' expectations, it showed that China's slower growth will now be the "new normal". The government is doing everything from loosening the properties curbs to exercising monetary easing while juggling increasing debts of state owned banks in order to sustain the overall health of China's economy. Just today, it China cuts Bank Reserve Ratio Requirement by 1 percentage point further easing the market liquidity. Corporate earnings flow in US has been good for companies in the financial sector such as Goldman Sachs, JP Morgan among others. While energy sector's result is far from stellar, it is in line with expectation following the fall in oil price from its peak in 2015. However, US market fell over 200+ points and Europe tumble on concern on Greek debt issue. All eyes will be on Europe next week on Greek's negotiations with IMF on its debt deal. Oil rebounded and hit USD56 and USD63 respectively for WTI and Brent.

Potential Risk in Global / Domestic Market: (-ve) Globally, China's economy has slowed down. More datas will follow from this and may cause a ripple effect to countries that rely heavily on China's economic health such as Australia. The survey by Bloomberg mentioned majority of China fund managers still intend to pump in more money into HSI due to the lower valuation compared to Shanghai index. I remained concern over this. Locally, rebound of oil would seem like good news for the govt's coffers. Minister in the PM Dept, Wahid Omar came out to say that 1MDB is not sustaintable as it is debt laden and rely too much on loan. Reports of slower consumption by public in the media is in line with the expected post GST implementatione effect.

Contra Picks: Bright (TP RM0.535)

Please note, I opine the coming week may be a slower for small cap stocks. Many have gapped up or move to new high. I will thread very carefully for this week in terms of small cap stocks. The recommended counters above is due to the apprent sign of support. Exercise caution while trading.

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

MPay advance to a high of RM0.32 with volume. Although it was my short term pick, did not foresee it to move upwards so soon. Anticipate it will breach RM0.32 this coming week subject to range bound trading of KLCI. Upon breach of RM0.32, it will hit RM0.33.

Tropicana dissapointed many as it was sideways through out the week despite the earlier week euphoria. Many expected it to breach RM1.20 to make a move towards RM1.26, myself included. However, after contra players were flushed on wednesday when the price hit a low of RM1.11, it rebounded strongly and reach RM1.18 on Friday trading. The positve takeaway is that the uptrend is stil intact.

Mid Term Picks: Faber/Edgenta (TP RM3.88)

Faber changed its name last week to Edgenta. Following the peak of RM3.59 after the issuance of HL report, it plunge all the way to RM3.33 which was oversold. Last Friday, it experience a technical rebound in tandem with the overall small and mid cap stock index. I believe there is upside to Faber for it is a defensive counter in today's economic climate. A solid recurring income from its exposure in healtcare as well as facilities & aseet management business (following its acquisition of OPUS and PROPEL), its revenue stream is unlikely to be affected by the cycical nature of economy as the demand for its services is lock in in long term concessionaire. PE is undemanding at 17x.

Long Term Picks: SHL (TP RM4.00)

SHL is an extremely steady property sector counter which has been growing progressively over the years. Think Sungai Long. It is also one of the biggest producer of red bricks in Malaysia. Despite in lagging its peers in terms of PE, the pace of it the appreciation in its share price has double in the past 1.5 years. It hit a high of RM3.95 when RHB-OSK analyst initiated coverage. From its peak, it is now hovering around RM3.2. I am of the view this is mainly because of the illiquid nature of the share with extremely low public spread. SHL management has issued a statement to say it will address Bursa's concern on its public shareholding spread. For one, it will not be delisted as it is performing year in year out with good recurring income. That leaves only two potential routes in the pipeline: a corporate exercise involving bonus issue/share split or a privatisation exercise. It is your guess and my guess.

Food for thought: In times of uncertainty, let prudence be your northern star.

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.