| Sep 2014 | |
| Numbers of stocks | 8 |
| Cash/Share ratio | n/a |
| Share Bought | Huayang @ 2.32 & 2.42 |
| Share Sold | Tambun @ 2.45 & 2.60 (part) Protasco @ 1.68 (all) |
| Overall 2014 | |
| Portfolio Return Sep14 | 4.9% |
| KLCI Return Sep14 | -1.06% |
| Portfolio Return YTD14 | 71.2% |
| KLCI Return YTD14 | -1.11% |
Stock Portfolio @ End of Sep14
Core Portfolio
| Stocks | Average | Latest | G/L (%) |
| None |
Satellite Portfolio
| Stocks | Average | Latest | G/L (%) |
| GTRONIC | 2.43 | 4.68 | 92.6 |
| HUAYANG | 2.36 | 2.34 | -1.1 |
| INARI | 0.73 | 3.23 | 342.5 |
| LATITUD | 2.09 | 3.80 | 81.8 |
| MATRIX | 2.09 | 3.25 | 55.5 |
| SCIENTEX | 5.47 | 7.44 | 36.0 |
| TAMBUN | 0.77 | 2.57 | 233.8 |
| YOCB | 0.69 | 1.02 | 47.8 |
Comment:
- Tambun is relegated to satellite portfolio, as I think core portfolio should be reserved for stock with huge potential upside.
- Sold all Protasco shares due to uncertainty in the company (boardroom & legal suit).
- Chose Huayang over OSKProp, due to its track record and upcoming Puchong West development.
- No significant change in exposure to property sector to date, after selling off Protasco and part of Tambun, and buying Huayang.
Plan:
- To collect more Huayang shares on weakness.
- To watch plantation stocks closely.
- To look for a new member for core portfolio.
Hi BD,
ReplyDeleteCould you provide some opinions on O&G sector counters like SKpetro, UMW n etc? It looks like a bargain now.
Thanks
Jason, my knowledge in O&G sector is very limited so can't really give any good opinion.
DeleteAnyway I have written about it earlier this year & if u haven't seen this post u can search in the label (O&G) at the side bar.
Generally I still "feel" that SKPetro is good, as well as Coastal, and may be Pantech. UMWOG seems not cheap but I don't know how its future earning will look like.
Hi BD,
ReplyDeleteIs it possible for you to provide your opinion on these 3 shares:
AAX, IBHD and KNM? as I would like to buy 2 of these shares for long term investment, i personally feel that there is a growth prospects for these 3 companies but what makes me puzzled is IBHD....
Hi Martin, I don't like KNM mainly bcoz I'm extremely doubtful of its management's credibility. Furthermore, net profit margin is super thin & can anytime swing to loss easily despite big contracts.
DeletePersonally I think aviation industry is too risky & competitive. So I don't touch them. AAX will have growth in passengers but not necessarily net profit.
IBHD looks ok, with high GDV launch in the pipeline. But I just think that its products will be more affected by soft property market.
I don't study 3 of them in detail. So don't take my opinion too seriously. If I need to choose 2 of them for long term, it will not be KNM.
wa Dummy bro, u sold all Tambun d ar? n causing recent share price downturn oso?
ReplyDeleteim still holding it, what do u think bout the recent acquisition rm150mil worth of land around pearl city?
Hi. I only sold a little bit of Tambun, it's still my second largest holding at the moment. Expansion of land in Pearl City is very positive, I hope that it can get some land in Penang island as well.
Delete