My current watchlist.

With the changing macro environment - value is increasingly attractive in property and oil related companies. Think Keppel Land or Sembmarine. That being said, I don't think the property market is in a good position giving the coming property glut paired with expected interest rate increase. I do still believe that some REITs are well prepared to meet such challenges.

This are the shares that I am looking at now locally. As you can see - I am looking at mainly REITs or special business models that have undergone some correction (except ISEC). Do be cautious about Sino Grandness though - I have not given it much thought - just monitoring.

In terms of crisis investing - I have bought (rightly or wrongly) into 3 Hong Kong Stocks.
1. Tsui Wah Holdings - 2.95 HKD
2. China Cinda Asset - 3.45 HKD
3. Sun Art Retail - 8.70 HKD

The key reasons was that the market has corrected for HK quite a bit. China Cinda and Sun Art are good plays on the chinese market. And with the connectivity Shanghai-HK trading link, hong kong stocks are likely to boom. Just an after thought.

Blumont - an update on its chariman

http://business.asiaone.com/news/blumonts-ex-director-declared-bankrupt

One year on. It appears that James Hong has been made bankrupt by all the Banks that he owes money.

Sometimes its quite tragic, banks, friends the rich and famous all flock around you when you are rich and wealthy. Yet when trouble strikes, they are the first to bail, first to "cut your throat" when you have nothing more to offer i.e. you aren't rich anymore.

While it may not appear fair to comment on this situation since the investigation is underway, I believe this story highlights something - wealth that comes easily, disappears just as quickly. To be a steward of what is given, what you have been entrusted with - it takes courage and it takes strength not to be greed, to take calculated risks and to be wary of fair weather friends who will bail.

Note: Most banks aren't your friends in the hard times.