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...
Summary For June 24
Portfolio @ End of Jun24
Jun24 doesn't feel like a good month to me and I thought my portfolio will register loss in the month before I did my monthly calculation.
Surprisingly it still manage to gain 3.5%.
This is because the good run in the first half of Jun24 was not totally undone by the bad second half.
Anyway, KLCI still lost 0.4%.
Overall, my YTD gain inched up to 39%.
Summary For May 2024
Portfolio @ End of May24
May24 is not a bad month for me. Even though previous "heavyweights" EUPE & TAS fell 14% and 3.3% respectively, latest heavyweight stock Fajar climbed 38.5%.
I manage to buy more Fajar's shares at average price of 35sen before it released its FY24Q3 result.
As a result, my portfolio was able to gain 3.15% in the month, lifting overall YTD gain to 32.7%.
KLCI's YTD gain has almost reached 10% which is undoubtedly its best performance in more than 10 years.
Summary For April 2024
Portfolio @ End of Apr24
April 2024 is a great month for me as my portfolio gained 16.9%, bringing YTD gain to almost 30%.
This is due to EUPE & TAS, the 2 stocks which I invested more heavily into recently. Both of them gained 58% & 35% respectively in Apr24.
Malaysia's stock market seems to be very bullish as I can see many stocks flying up the sky.
KLCI has gained 8.3% in the first 4 months in 2024, which is its best performance since I started tracking KLCI from year 2014.
Anyway, Gtronic's share price continue to slide and lost 15% in the month.
It seems like the "SCIB phenomenon" does not apply to Gtronic.
Summary For March 2024
Portfolio @ End of Mac24
In Mac24, the two newly added stocks ADB & EUPE performed brightly as they rose 37.6% and 9.3% respectively.
This has helped to propel my portfolio to gain 1.6% in Mac24. YTD gain improves slightly to 8.1%.
The share price of ADB inched up almost everyday and I have no chance to add more shares. Thus it only contributes rather minimally to my portfolio despite appreciated 35%.
Meanwhile, the share price of EUPE took a break below RM1 so I took this opportunity to buy more of its shares, with a target price of RM2.
Summary For February 2024
Stock Portfolio @ End of Feb24
Recently oil & gas sector seems to be quite robust as Petronas is expected to award more contracts in the near future. It plans 300 facilities improvement projects yearly from 2024 to 2026.
Many O&G stocks have made significant gain in share price since the end of Dec23. However, the two O&G stocks in my portfolio (Hibiscus & T7Global) did not move too much.
Petronas did mention that "significant increase is expected for plug & abandon activities in 2024". I think T7Global should be one of the potential beneficiaries for this P&A jobs, isn't it?
On 23 Jan24, Petronas announced that it has awarded 7 new PSCs (Production Sharing Contracts) under the Malaysia Bid Round 2023.
It is expected to garner more than RM1.3bil worth of capital investment (only?) to the country in the form of exploration work activities.
Summary of January 2024
Portfolio @ End of Jan24
Jan 2024 is a special month for stock market in Malaysia. A few stocks crashed heavily with multiple limit downs which was unheard of before.
Those stocks include Rapid, YNHProp, Imaspro, SCIB, MERSEC, JSB, ARTRONIQ, APB, SRIDGE, Tanco etc with various degree of severity.
I'm quite familiar with SCIB, it is the stock that I gained the most in value so far.
After the fall of Serba Dinamik, I thought SCIB would face the same fate but it could escape by "terminating" all those questionable contracts.
Last year I did notice that SCIB's share price somehow increased steadily despite making losses. Its share price rose 10x from RM0.12 to RM1.20 in 8 months time.
Of course I was very surprise but I didn't expect it to fall so rapidly back to below 30sen in just 3 free trading days.
I'm not that young anymore.
I bought my first shares in the stock market back in mid 2006, not long after I started working.
So officially I've been in the stock market for almost 18 years. This sounds like I must be a very experienced investor, isn't it?
Even though I'm in and out of the stock market during this period of time, I think I have gained some experience but not so much compared to what I'd have hoped for.
In my early days of blogging, there was one blogger who just graduated from university and stepped into the stock market as a rookie.
After years of cultivation and perseverance, now he has become a successful and respectable investor & entrepreneur, with immense knowledge and experience in the stock market.
I may have started in front of him but I'm just languishing behind him by many streets now...
Summary For December 2023
Portfolio @ End of Dec23
With a 2.3% gain in the month of Dec23, my portfolio successfully closed year 2023 with a double digit gain of 12.3%.
I think this gain is just average, as I can see many stocks making very good progress towards the end of year 2023, even though KLCI fell for the third year in a row.
Anyway, I'm satisfied with this result since I don't put in a lot of time and effort in the stock market throughout the year.
If you want to be more successful, you have to work hard to earn it...
