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Sunday, November 2, 2014

Averaging down - Jaya tiasa

Last week I bought additional 2000 units of Jaya Tiasa. This is in anticipation of the stronger demand for palm oil from developing countries like China and India next year and the implementation of B7-Biodiesel in Malaysia.

After this purchase, the cash level of Huat Fund is low again. I might need to sell some stocks when the rights issue for Inari comes. The Huat Fund has recovered from the stock slump for the last few weeks. Huat Fund looks like this as of today:

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