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Hi Mun Seng,  
No one know when the cycle will turn. From our experience, When we look at cyclical company, we don’t buy it when the industry just hit by the distressed but rather buy it when it is at the most pessimistic point. You are right that cyclical companies may take a long time to recover. Therefore, if you ever invest in cyclical company, they should not account more than 10% of your portfolio.