What to do with the current market. US hitting new high. Maybe can consider topping up before the next interest rate hike in US, because it will only get higher after that.

My current holdings:

Kenanga Growth Fund - 60% (Malaysia focus)
Eastsprings Small Cap - 15% (Malaysia focus)
Manulife India Equity Fund - 15% (India focus)
Aberdeen Islamic World Equity Fund - 10% (Global)

If I bring ASB into the picture, my holdings are roughly as follows:

ASB - 79%
KGF - 13%
ES - 3%
IEF - 3%
Aberdeen - 2%

Am I too focused in Malaysia? A bit of a worry I think.

personally i think you will be alright.
i agar agar think only....ASB+KGF+EISC is about 95% of your portfolio....
what are the chances of ALL of them (especially ASB) falls >15% and stayed there for > 12 months?
(you know how much this 15% losses be? OK for you?)
how long has this ASB fund been launched? based on Historically results not possible?..
if you think that there is a possibility,..then do plan for some contingency where you don't touch this monies..

heavy at ASB. i think your risk appetite not too high. below moderate i would say 

mine ..

ASB 20%
Msia 30%
Asia Ex Jap 30%
World 20%

suits me as a 88's babies 

I have not seen ASB's asset manifesto but my intuition is that it is mostly held in Bolehland large cap or index linked GLC companies  and perhaps some allocated into MGS and GLC corporate bond.

If that is true, then holding high % in ASB and KGF will not provide much diversification.

My take is divest KGF into Ponzi 2.0 while the rest remain status quo.

Divest KGF but not Eastsprings SC?

Well, whatever ive invested in any of these funds I don't need to touch even if it does go down and stays down for a year or so. Anyway, of the lot I see ASB as the most resilient since its a fixed price fund. If ASB returns start to drop badly, then Malaysia is already doomed. I don't see that happening in the near future or at least for this year.

ASB 1990 - 2014:
http://1-million-dollar-blog.com/dividends...ham-bumiputera/

Yes ure right. I only came to know and started investing in FSM starting July last year. Till then it was just property and ASB. Even then I played safe and only went into KGF and Eastsprings SC. Its only this year im starting to get a bit more courageous by investing into Manulife and Aberdeen. 

and u should be grateful that u didnt encounter 5-6% sales charge when direct invest with fund houses before started with FSM 

Ponzi 2.0 NAV above 0.3000:

0.3002 (as of March 2nd, 2015)

That's CIMB Dynamic Income Fund rite?

I encountered the 5-6% SC when I was in PM... Lucky, my funds managed to hit +ve, so I quickly sell my funds even tho the profit was only a mere RM22.

SC is already PAID....why in a hurry to sell??   

What are your thoughts regarding the following funds:

1) CIMB Asia Pacific Dynamic Income Fund
2) CIMB Global Titans Fund
3) RHB – OSK Global Equity Yield Fund

Any other global funds worth considering?

The first fund won't be a mistake.

The second fund will concentrate on developed markets

The third fund will have more diversified allocations throughout the whole globe. You may consider alternative like Aberdeen Islamic World Equity Fund.

I have pacific global stars fund and pacific income fund (recommended by my agent) for 2 years. They aren't making money obviously. Noticed that they aren't popular after discovering FSM last month. Should I let go? What's your take on this?

RHB-OSK GEYF performance kinda dropped after RHB took over. I'd pick combo of CIMB Global Titans and Aberdeen Islamic World instead.