Transaction@16/1/2007

Ornasteel has reached my 1st target.
Disposed 6500 Ornasteel @ 1.25 ( RM8,075),
Bought 5000 LionInd @ 1.09 ( - RM5,500 ).

The portfolio balance as at 16/1/2007 is 7,000 Ornasteel @ 1.24 ( RM8,680) , 5,000 Lionind @ 1.10 ( 5,500) and cash of RM3,265. Total Mkt value is RM17,445.

See value in Lionind due to :

1) Will benefited from the demerger of Parkson from Liondiv

2) Better prospect in steel biz after various measures taken to improve efficiency within Lion Group.