My Portfolio Jul20

Summary For July 2020

Jul-20
Numbers of stocks	12
Share Sold	Geshen @ 0.53 (all)
	DKSH @ 3.65 (all)
Share Bought	None
Overall 2020
Portfolio Return Jul20	16.61%
KLCI Return Jul20	6.85%
Portfolio Return YTD20	15.39%
KLCI Return YTD20	0.94%

Portfolio @ End of July 2020

Stocks	Avg	Jun20	Jul20	Div20	Jul20%	Overall%
BAUTO	1.92	1.48	1.41	4.2	-4.7	-26.6
DAYA	0.035	0.010	0.015		50.0	-57.1
HIBISCUS	1.05	0.62	0.60		-3.3	-42.8
JAKS	0.88	0.86	0.77		-10.5	-12.5
JHM	1.33	1.34	1.52		13.4	14.3
KPOWER	2.03	2.30	2.60		13.0	28.4
KRONO	0.76	0.535	0.570		6.5	-25.0
LEONFB	0.505	0.310	0.305		-1.6	-39.6
MATRIX	1.42	1.81	1.69	8.50	-8.0	19.0
PRLEXUS	1.15	0.54	0.64		18.5	-44.4
SCIB	2.06	2.13	2.83		32.9	37.4
SCIENTEX	2.735	8.90	9.10	10.0	3.4	232.7

My Portfolio gains 16.6% in July. While this type of gain in one month can be considered as impressive in those "ordinary" days, certainly it seems like a below par performance in current stock market madness where people earn 30% in one day.

Overall year-to-date return turns green for the first time since January.

I successfully trimmed my portfolio in July by disposing 2 stocks at small gain which were Geshen and DKSH, even though both have not reached my initial target price.

I sold Geshen because I don't expect its Q2 to be great and I think it might take longer time than expected to show a turnaround.

Anyway, its FY20Q2 quarter results released last week already turned profitable, even though the profit was minimal and the revenue shrank.

To my surprise, its share price rose more than 50% today. It seems like I don't have a chance to enjoy "limit up" type of experience at the moment...

The disposal of those 2 stocks is to increase my cash position as Warren Buffet said: Be fearful when others are greedy. Definitely greed is rampant at the moment.

It's very obvious that current stock market is dominated by retail investors, mostly punters or speculators who buy & sell just base on news and emotion.

It's herd mentality with fear of losing out. Financial results and valuation method such as PE ratio are not important anymore.

Such short term trading is very effective in current situation and I'd say the majority of speculators have earned big money.

However, sooner or later the party will end. It just needs one event to pull the trigger.

It might happen as soon as this year, or may be in 1 to 2 years time in which it's still a long way to go. So there might still be plenty of time for partying.

Tech stocks with PE ratio of 50 might still go up to 100. Who knows?

Some stocks are flying high for a good reason, such as gloves manufacturing stocks. However, the magnitude of rise in some other stocks are really out of mind.

Anyway, I still follow what I used to do, which is slow and boring... If I'm jobless now, I might trade short term.

SCIB and KPwower have lifted my portfolio in July, while Jaks cut the overall gain. Jaks keep dropping recently but I'm not too worry. I'll just wait for the quarterly report later this month and the outcome of AGM in September.

I plan to dispose a few more stocks and may be add 1 to 2 new members, just waiting for a good timing. Hopefully I can keep the stocks in my portfolio to below 10.