Chairman Message: 1H of 2016 is volatile, market first went through a correction with no apparent reasons in January and February, It is then when we get busy and bought ST Engineering, CMPH (Which is going to be delisted) and Venture. We also sold Cogent during the first Quarter. It turned out that the correction is what it is, and we made a good trading paper profits on those trades. Cogent was sold at a price of 45cents for a 30% profits but the profits would have been double had we hold. We made silly mistakes but we moved on. 2nd Quarter is famous for its Brexit event. We went 50% cash to take opportunity of market weakness. However, the market instead rallied and we have been scratching our head. Nonetheless, we felt that it is too early to say Brexit is a non-event, we instead feel that Market will ......