My Portfolio Nov24

Summary of November 2024

Portfolio @ End of Nov24

My portfolio's value continue to drop 0.9% in the month of Nov24, mainly due to the drop in the share price of EUPE & TAS.

Good gain in Hiaptek & MI did help to limit the overall loss though.

Year-to-date my portfolio gain has shrunk to 10%, from a 40% gain in Jun24.

Finally I sold all my remaining Gtronic shares at 60sen, which indicates a loss of 35%. I should have sold all at RM1.55 back in Feb24 when I knew about the line up of the new management team.

My initial plan was to sell all of its shares but only when I was about to key in the number of shares I suddenly decided to change to half. 

This decision has resulted in the widening of loss from 10% to 35%.

Two of my main holding EUPE and TAS do not perform well at all since the second half of the year.

However, both are still slightly above my average price.

I do consider to sell them for a small profit and call it a day, but eventually I decided to hold.

TAS should deliver good results for the next 2 years but there is concern over cancellation or delay of orders deliveries, compressed profit margin and fluctuation of forex.

EUPE's next few quarters' result might not beat its recent highs and its share price might still take a hit.

The launch of its big projects Circardia Belfield & Edgewater Estate might be delayed as well.

Anyway, I feel that both company's share prices are pretty "low" at the moment and it should be a time to buy.

I hope that EUPE can at least stay above 90sen and TAS above 60sen.

Hiaptek's FY25Q1 result ended Oct24 was better than I'd have expected.

Its revenue RM401.7mil is just slightly lower compared QoQ and YoY. PATAMI of RM34.7mil (EPS 1.99sen) was 27% lower QoQ.

The Eastern Steel JV contributed RM42mil in this quarter, slightly lower from RM47.7mil in the immediate preceding quarter.

Steel price has dropped significantly since the start of the year, and July to Sep was the worst period. It has since recovered a bit and stays stable until the end of 2024.

Eastern Steel's HRC production is expected to start in the first quarter of 2025. It should be the one and only HRC producer in Malaysia.

Let's wait and see whether it can compete with the imports and shine or end up like Megasteel.