Summary of October 2024
Portfolio @ End of Oct24
The stock market has not been good to me since July 2024.
October 2024 continue to be lackluster. My portfolio value shrank 1.8% while KLCI retreated 2.8% in the month.
I decided to add FocusP into my portfolio. Even though it's not very undervalued, I think its downside is rather limited while offering some space of growth in the near future.
I don't have high target price for it. It will be great if it can reach RM1 next year.
Summary of September 2024
Portfolio @ End of Sep24
In Sep24 my portfolio stayed flat while KLCI dropped 1.8%.
The major story is the continuous slump in the share price of Gtronic, though it only carries a little weight in my portfolio now.
Hibiscus's share price also suffered and it even dropped below RM1.90 at one point. I was tempted to add more of its share but I kept to my earlier "promise" not to do so.
Though I think Hibiscus is quite undervalued, it is volatile and has too many unpredictable factors that can influence its share price.
I'll just treat it as "mini Petronas" kind of dividend stock.
Summary of August 2024
Stock Portfolio @ End of Aug24
Even though KLCI gained a handsome 3.27% in the month of Aug24, my portfolio shrunk by a massive 12%.
All the stocks in my portfolio suffered loss. The worst was Gtronic which dived 32%. It continues to dive in Sep24 after the resignation of its auditor KPMG.
Most of the tech related stocks suffered badly in this month with more than 10% drop. A lot of them has plunged ~30% from their peak this year.
As I was short in cash, I have to sell some stocks.
In hindsight, I should have sold half of my shares in EUPE, LEESK & Fajar earlier. If I did that, I should be able to sit on a good amount of cash and get ready to shop during market correction.
You can't always got it right all the time in stock market. Lessons can be learned and unlearned.
Summary of July 2024
Portfolio @ End of Jul24
July 2024 was a bad month as my portfolio shrank by 5%, even though KLCI advanced 2.2%.
I think most of the small & mid cap stocks do not perform well despite the bullish KLCI.
August is even worse and it almost wiped out my paper gain this year!
I didn't make any sell transaction in June and July. The timing of selling seems to be my weakness as always.
I didn't sell EUPE, Fajar & LEESK when they were riding high, and didn't sell enough shares of TAS either.
I don't know whether they will ever revisit their previous high...
