A disruptive trend which is emerging is Phygital.

2 December 2017

Dear Fellow Investors,
A disruptive trend which is emerging is Phygital.

Businesses which combine the physical presence of a store with a digital platform  can survive and prosper .

Mr Alan Tong in his recent Edge column commented on this topic and why we need as investors to adapt to this technology . He cited examples of Amazon and Alibaba.

I have been following Tong’s value investing column in the Edge for the last 2 years. He publishes a Malaysian portfolio which has performed well despite the KLSE making an 8 month low last week.

Because of the lack of volume and interest in the KLSE , he has been commenting on broad investment topics rather than specific shares.
For the last 4 weeks, he has not made any new KLSE recommendations.

He is keeping a low profile and is keeping a 26.9% cash position.  If he were bullish he would be at least 95 % invested.

His latest comment;

“Despite the ongoing rally in global and regional markets, confidence in the local bourse was weak. The benchmark index appears to be well supported by local institutional funds, but the sell off in smaller cap stocks is clearly evident.”
Tong’s comment makes sense so
we need to be patient and wait for confidence to return before aggressively getting back into the KLSE. I would like to see  banking shares to begin a recovery  before fully committing.

Look for value stocks diverging from the overall trend. There are some bright spots in
 Singapore, Japan, Thailand and Hong Kong due to a banking and property recovery. There is value in these markets

We are well positioned to leverage on this recovery. For those who wish to join me on the Asian recovery story consider to open a Phillip Global Wrap Account. Come and see me in my office and I am happy to share the opportunity with you.

Invest well and grow your wealth
Bill

Today’s critter is the red-crowned crane, also known as the Japanese, or Manchurian crane. Adult red-crowned cranes are named for a patch of red bare skin on the crown, which becomes brighter during mating season.  It is one of the largest of the crane species.  The estimated total population of the species is only 2,750 in the wild, including about 1,000 birds in the resident Japanese population.