HDFIV Report Card @ 29 August 2008

Performance:

HDFIV is currently beating KLCI by 5.79% (27 Aug 08: 5.50%) at a loss of 11.50% (27 Aug 08: 12.91%) while KLCI suffered a loss of 17.29% (27 Aug 08: 18.41%). KLCI recovered about 20 plus points on Friday ahead of the announcement of Budget 2009.















Portfolio:
No purchases and sales this week.















Asset Allocation:
7% cash (27 Aug 08: 7% cash).


















Strategy:
Our holdings are registering single digits losses except for Bursa and Waseong-Wa. Next immediate strategy is to acquire new cheap stocks or to average out Bursa. Bursa remained top pick in view of its cash hoard and simple business model.