Significant Event

·  DBS is rumored to pay about NT$60 billion to buy Citigroup Inc.’s consumer bank assets in Taiwan.

·  Property and hotel developer, Keong Hong Holdings Ltd is being privatized @ S$0.384 per share.

·  KNM Group is planning a direct listing of its subsidiaries on Catalist in Singapore.

·  Bumi Armada is selling 4 overseas subsidiaries for $44.5 million.

·  Berjaya Corp is disposing of its 71.73% stake in Berjaya University College.

Real Estate Industry 

·  Eupe Corp Bhd is expanding its landbank in Bandar Amanjaya by acquitting 54.7 acres of land for RM 40 million.

·  Titijaya Land will be developing a 93 hectare Medi Tech City in Batu Kawan, Penang

·  CapitaLand Development has divested its Grade A office building, Capital Place in Hanoi for S$751 million.

·  Fifteen 99-year good class bungalows (GCBs) are being planned on the sprawling former Caldecott Broadcast Centre site in Andrew Road, Singapore.

Users can get access all the major transactions of offices, lands, and factories in Malaysia via this tool.

Infrastructure/Logistics

·  Axis REIT is developing a 620,096 sq ft distribution center at a cost of RM130 million in Shah Alam, Selangor, which will be leased to Shopee's logistics arm, Shopee Express Malaysia Sdn Bhd, for 15 years upon completion.

Cash Call/ Debt restructuring


* Businesses of Straits Trading

·  Straits Trading is planning to place out 26 million new shares @ S$ 3.11 each, raising S$80 million.

·   Ageson Bhd is planning to raise RM 179 million. The amount is more than three times its current market capitalization of RM55 million.

Users can filter the companies' activities via industry or nature of activities via using our tool for Malaysia companies and Singapore companies via the link.

Daily Insights

·  US market is experiencing a shitty week while the China market is rebounding from its low. Here’s a list of ETFs listed on Bursa Malaysia so that you can gain exposure to these market movements.

·   Malaysia banks are performing relatively well over the last 6 months. Here’s the reason for their strong share price.

·  Malaysia's government is loosening the rules for inbound travelers. We are seeing a rebound in flight passengers' traffic. In the meantime, the valuation for hotels and shopping mall REITs that caters to tourist remains low.

News we are reading

·  Digital Payment Token service providers can no longer promote their services to the general public in Singapore. (The Edge)

·  Indonesia passes a law to relocate its capital to Borneo. (Reuters)

·  Microsoft is acquiring Activision Blizzard, the maker of Warcraft for USD 68.7 billion. (Microsoft)

·  The Indonesian government is planning to limit palm oil exports.(Reuters)

·  China is cutting its interest rate. (CNBC)

Trades we are monitoring

·  Long agriculture products

·  Long interest rate

·  Long banks due to the interest rate hike

·  Short non-profitable growth stocks

·  Short Philadelphia semiconductor index

·  Long China stocks that are beaten down

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Nasdaq is falling, cryptocurrencies are falling, even Netflix is falling 20% on Friday. The valuation of these growth stocks is now experiencing a Davis Double Play, the P/E ratio and earnings growth expectation are both being slashed. Although people are still buying more electronics products and Microsoft is buying a video game maker, don’t fight against the trend.

On the other hand, we are seeing big movements in Asia's major economies, China is slashing their interest rate, stimulating the price of basic materials while Indonesia has passed the law to relocate their capital city, further boosting the demand for basic materials. It's time to refocus on other sectors instead of gluing your eyes at tech stocks. Here’s a portfolio that can help you to hedge against inflation.