Summary of September 2026
Portfolio @ End of Sep26
KLCI suffered a huge blow in Sep26 as it plunged 4.3% which was the worst monthly drop since Jan25.
My portfolio can't escape the bad sentiment and fell 2.6%.
AAGB is the main contributor to the loss in which it dived 34% in a month. It seems like my initial thought of never invest in aviation industry was the right one.
Brent oil price has reached USD110/barrel again this week. AAGB will surely have a tough time ahead.
Summary of August 2026
Portfolio @ End of Aug26
KLCI stayed flat in Aug26 and my portfolio managed to register a small 0.5% gain, lifting the YTD gain a bit to 11.2%.
AAGB (AAX) was the main loser in the month in which it suffered a massive 24% drop from RM1.05 to RM0.795 in one month.
It continued to drop rapidly in Sep26 and plunged below 50sen, after the emergence of "rumour" that the government stepped in to ask its competitors to absorb its domestic routes.
This has forced Airasia's founder to break silence and reassure investors that AAGB is still in a good shape: "We are okay, we are sustainable".
Anyway, if the crude oil price remains elevated for a prolonged period of time, any good shape can quickly turn into bad shape.
Summary for July 2026
Portfolio @ End of Jul26
My portfolio gained 3% in Jul26 but it still "underperformed" relative to the KLCI which jumped 3.6%.
MI and Teoseng both advanced 15% in the month.
MI is supposed to release its FY26Q2 result in August but it couldn't wait to release its magnificent financial result one month earlier.
Its FY26Q2 revenue of RM226mil & PATAMI of RM55.2mil (EPS 6.24sen) were both record high by a great margin, especially the PATAMI which increased 78% QoQ & 255% YoY.
More importantly, there was no significant net forex gain or one-off gain.
Summary for June 2026
My Portfolio @ End of Jun26
Jun26 was not a good month as my portfolio lost 3.5% and KLCI retreated 1.1%.
All the stocks in my portfolio either dropped or remained unchanged in this month except KFIMA which rose 2.6%.
JHM fell heavily at 18.6%, probably next quarter's result might not be good.
Hiaptek also dropped 9% due to a poor FY26Q3 result. Its quarter revenue and operating profit actually improved both YoY and QoQ but the share of profit of its JV dropped tremendously from RM70.6mil to merely RM6.2mil QoQ.
The poor performance of its JV (Eastern Steel) was mainly due to forex loss despite a steady operating performance.
Overall, the steel price still stays soft which is not good to Hiaptek's own business.
