Yes, that's the risk.

A few years from now ppl be looking back at this week n will say.. Aiiya.. Should have hentam all in.

But in reality is scared..

If u are investing for a few years time frame, just chill.

While this virus is a bad thing, at the start, the market has underestimated the impact. I was banging my head why markets still going up. Now crash like crazy. Likely now the market is overestimating.

So yah, it will impact the economy and profitability. Probable case is 1H2020 will be bad. March, April, May, June. Still seem very long. It could drag to 3Q perhaps. Worse case 4Q I think.

A lot of stimulus and money have and will be thrown into the economy by the govt and once it is over the markets will play catch up very fast.

Most important now is take care of one's health and family health.

P/S I think need to monitor China. If second wave happen.. I will be very scared.

This post has been edited by Cubalagi: Mar 13 2020, 06:26 PM

Last time Oil was this low was back in 2015. Petchem dropped to RM5. It then went up to RM9.50 in 2018, and paid good dividends in between. So that's about 100+% return in 3 years.

I think highly possible the same can happen again, the only thing holding me back is whether now is too early to enter. Back in 2015, we had an oil price war. Now there is virus+ oil price war. And this virus is more damaging compared to SARS.

OPEC+ may not come into agreement so soon and market will be flooded with oil. And we may now be looking at a global recession which means shrinking oil demand. I think we will see oil drop back to 20s again.

Which also mean the possibility of USD1:MYR4.5 in the next few months.

This post has been edited by Cubalagi: Mar 15 2020, 01:36 AM

It's a race to the bottom for all countries now. US will cut n I'm expecting BNM to cut more too.. Perhaps 50 bps in May.

Wow.. Klci already dropped below 1300..

Shopping day today on KLSE.

I bought:
1) Maybank
2) Malakof
3) Goldetf


Things like OnG n property Dev will be a bit later.

7.21

Right now there is a liquidity problem in the market. All asset classes are being clobbered. Basic market economics doesn't work right now.

Same thing happened back in 2008.Gold dropped for a while, before it rocket higher.

More risky, more potential return.. I will only buy as a side bet.

It has more price volatility. If u like that, u can also consider GDX ETF.. Gold miners. Im not into these.

Yes.. Even gold has a lot of speculation, but silver is like penny stock to "blue chip" Gold.

Today not aggressive, but build up my defences. Added more Gold and ABF Singapore bond etf. I treat ABF SG like an SGD FD that pays 2% interest.

Currently in 30% Bonds and Gold, 40% Equities and 30% Cash. Plan to have one more batch stock buying using cash before go on lock down until next month.

This post has been edited by Cubalagi: Mar 18 2020, 12:30 AM

I think good advixe here..

Yes. Very tempting. At. current price, it is 80% discount to book value I think. Dividend will be 8.5% based on the latest proposed final dividend.

Basically, it is recession price, which I think the country is already in now.

Yes they do. Look for distribution.

So today I bought Mah Sing at 0.33.

Tbh I wasn't planning to buy so soon, but can't resist the cheap offer.

At 33 sen share price, Mah Sing market cap is RM800 million. This is less than its bank balance of RM1 billion. Meaning I'm buying the cash and getting all its landbank n development projects for free. So there is a big margin of safety.

Also it has proposed to pay out 3.35 sen dividend this September for a yield of 10%.

This post has been edited by Cubalagi: Mar 19 2020, 06:31 PM

Yup, stiil need tabled at agm which of course will be approved. Note that this dividend is already cut from last year's one, which was 4.5 sen.

Yes, you are right, that the worse may yet to come for the country. A lot of ppl macam not aware. Got some want to take asb loans still. But you also have to plan in case the world and this country gets over this covid-19 issue without too much lasting damage ..which I hope it will.

However, at the same time, I'm also prepping for worse, just in case. I always maintain a high level of USD deposits and have added more gold and Singapore govt securities (which has higher rating than US govt securities, coz Singapore is financially more prudent than US).

On Malaysia property market, not so soon. I was hoping that end of last year was the bottom, but now with the virus.. No way. But I'm hoping the CB liquidity injections n cuts will result in another property boom cycle like last time in a few years. So buy now and wait for 5 years.

This post has been edited by Cubalagi: Mar 19 2020, 08:12 PM

My view is too late to be pulling out now. Just sit tight.

If u want to invest in local market, use fresh funds.

String rebound today..

Let's hope that KLCI lowest point of 1207 yesterday will be history for a long time...