Tuesday 18 October 2022

My Portfolio Sep22

 Summary For September 2022

Portfolio @ End of Sep22

The month of September is not a good month for stock market after a brief rebound in August. KLCI tumbled 7.8%, exactly the same as the performance of my portfolio in Sep22.

The worst performer is Hibiscus, which fell 21% in one month, followed by Maybulk, Krono, JHM & LeeSK which suffered more than 10% loss.

Overall year-to-date, accumulated loss since the start of the year has reached 20% for the first time.

Three companies in my portfolio announced their quarter results in September.

Krono's FY23Q2's result (PAT RM3.1mil, EPS 0.44) is not within my expectation, but not too bad either. Net profit increased 40% QoQ but dropped 40% YoY.

However, YoY, the EBIDTA in this quarter was comparable at RM10.5mil. The net profit was mainly dragged down by 30% higher depreciation charge.

Contribution from EDM infrastructure technology segment is still weak in the first half of FY23. Whether it can play catch up in the remainder of FY23 remains to be seen.