For those who followed my posting and made money from Bright, well done. Although KLCI went up to 1862, I am still reserve in my outlook as the fundamentals of Malaysia economy has not change. Be careful in exercising trades.

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Contra Picks: Bright hit my TP of RM0.535 and I sold at RM0.545  I remain cautious of the market due the Greek debt issue as well as the first default of loan by property giant Kaisa. If this is the first of many, then it may spur the downward spiral of China equity market.

I decided against entering other small cap stock for the week as many have shot up beyond its fair valuation. Unless the small cap stock has good support, I will not consider for now until a good resolution is achieved from Greek's debt issue.

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

MPay hit my TP of RM0.33 but with minimal volume before retreating to RM0.325. As it is my short term pick, I am happy to ride on profit for awhile. However, please set your own exit price.

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, it failed to do so. The support for now is RM 1.12. I shall observe for another week before deciding whether to sell. 

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

Faber remains trading between RM3.45-3.50. To me, this is a good defensive counter as the concessions secured will guarantee recurring income for the next 10 years. Also, as an asset and facilities management company with exposure to healthcare sector, I believe the demand is inelastic to the cycle of economy. Maintain hold with mid term TP RM3.88.

Long Term Picks: SHL (TP RM4.00)

SHL is now hovering between RM3.3 - 3.4 after hitting a high of RM3.45. This is one of the rare property counter where I have total confidence in holding through the cycle of economy as it is undervalued. Also, it is one of the few cash rich property companies that has the ability to adopt Built-then-Sell model. I believe a corporate exercise is in place to enhance the public shareholding spread required by Bursa and it is a matter of time that the announcement will come forth. There is only upside to this counter with limited downside risk. Look to collect on weakness.   

Food for thought: Once bitten twice shy, twice bitten never try. 

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.