Summary of July 2025
Portfolio @ End of Jul25
Due to the uncertainties surrounding US tariff, KLCI dropped 1.3% in the month of July.
My portfolio suffered 1.6% loss bringing the YTD loss to 10.6%.
However, there was a significant dividend of 19sen by KFIMA ex-ed on 31/7 and I did not include this dividend into my monthly & YTD gain/loss calculation since I have not received it yet.
If this dividend were to be included, the actual loss of my portfolio in the month of July is 0.15%.
Anyway, if compared to US indices YTD, my portfolio performs badly.
I did not make any transaction in the past 2 months, as my attention shifted more to my investment property which I recently got the keys.
There are some bad apples in my portfolio which I should have got rid of much earlier.
FAST is an example of certain party took over a listed company and then... I'm not going to elaborate more here. This is an expensive lesson to learn.
A few other companies are suffering or have suffered such fate, one of them being the company I sold last year.
Every stock market investor knows how important the management team of a company is. Now I can appreciate its importance more.
TMCLife's trap is really hard to avoid. Who can predict a consistent RM14mil profit a quarter could turn into consistent loss just like that?
As for Hiaptek, I underestimated the impact of soft steel price on it as I put too much emphasis on its joint venture Eastern Steel.
JHM could not escape the down cycle in the semiconductor & automotive sectors. Perhaps I should have cut loss 2 years ago when its share price was still above 70sen.
Even though MI also suffers like most tech stocks, it shows some rebound recently with a new major shareholder Norges Bank of Norway onboard.
I bought both EUPE & TAS almost at the same time in early 2024. I can't say that both are "bad buy decisions" even though their share prices have dropped a lot in the past one year.
In fact they were superb buy decision in hindsight.
EUPE's share price gained 80% in 2 months while TAS gained 60% in 4 months. I didn't sell EUPE and just partially sold TAS.
They are just "bad sell decisions", but it will be regarded as bad investment. We need both good buy and sell decisions to be successful in the stock market.
EUPE has already warned of softer upcoming quarter results as the 2 high GDV projects launches were delayed. Could its share price withstand the unfavourable financial results until their launches?
FocusP, Hibiscus, KFIMA, MFCB & Scientex do not perform particularly well, even though they are decent companies in my opinion.
It might be due to guarded sentiment among our local stock market and more importantly, they are not with the theme of AI & Data Centers.
Can I still invest in data centers related stocks now? Would it be too late now and I might risk investing at the height of the theme?
I've been thinking about this for quite some time. Recently the unpredictable US tariff makes me even more cautious.
Now the tariffs have been finalized. Most SEA countries are at the same level of 19% which includes Malaysia, Thailand, Cambodia, Indonesia & the Philippines.
Vietnam & Brunei are slightly higher at 20% % 25% respectively but both Myanmar & Laos are hit with 40% tariff.
Singapore has the best rate of 10% though.
Even though the figures of the tariffs have been fixed, the uncertainties still remain as no one can predict accurately how this drastic move can affect the economy of the US and the whole world.
Anyway, I think I should only buy at the next major correction.
