_____________________________________________________________________________

Macro View: (~) The Greece debt crisis is taking center stage with the world's market following in tandem. US fell with growing concern of this issue along with weak data on Friday. China market plunge following the margin lending restrictions fear causing the panic over the week. Oil hovered around USD50 and USD67 respectively for WTI and Brent.

Potential Risk in Global / Domestic Market: (-ve) Locally, FBMKLCI drop to a low of 1740 last week due to the extended fund outflow and bearish sentiment due to weak corporate earnings. However, there are talks of oversold. Nonethteless, there is no change on the outlook for now as Fitch rating review is due soon. Politically and 1MDB's financial implications are still unknown factors. I reempahsise to buy on weakness, specifically those that I have mentioned in the past postings. 

Contra Picks: None

Please trade carefully and observe the movement before entering.

Short Term Picks: Bintai Kinden (TP RM0.45)

An amazing turnaround in the revenue and profit. There appear to be further upside should the market remains confident in the turnaround of the company being sustainable.

Mid Term Picks: Elsoft  (TP RM2.00)

Elsoft results for Q1 2015 came in good as expected. Despite the good result, it fail to fly due to market sentiment. It will likely rebound in tandem with FBMKLCI should FBMKLCI stage a potential rebound. Having a revenue of RM740k per employee shows how tight the ship is run. With a PE of x15, it is a safe bet due to its undemanding valuation compared to its peer.

Long Term Picks: Ipmuda (TP RM1.80)

It has retraced from a high of RM1.62 following the QR is out. This is very good set of results close to double of the EPS. The low liquidity flow is a reason for the swing. However, this counter is fundamentally very strong and I foresee further upside. Upon market recovery, this may move towards my TP.

Food for thought:

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.