Summary for September 2020
Portfolio @ End of Sep20
Finally I sold all my BAuto shares. This is another one which saw a 50% paper gain turning into 27% paper loss, almost the same fate as Hevea.
However, I still manage to register overall gain from these 2 investments, thanks to their high dividends.
When I bought BAuto in Oct15, it was for its growth potential, not its dividends. I predicted that Mazda could overtake Nissan as the third largest foreign passenger car brand in Malaysia.
Up to today, Mazda is still behind Nissan, although the gap has narrowed. Mazda's strategy to build a more premium brand image and keep a higher profit margin has hindered its progress to overtake Nissan.
Slowly BAuto has turned from a growth stock to a dividend stock. As I only want growth at this stage of my investment journey, I decided to sell since last year but only manage to sell now after its share price has dropped so much.