Summary of February 2025
Portfolio @ End of Feb25
Feb25 is a very bad month to my portfolio which fell 6.8%, with YTD loss widened to 8.8%.
As you can see there was only one stock which made a tiny gain in the month while the rest all suffered loss which a few losing more than 10%.
This is probably due to the Trump effect which causes lots of uncertainty.
Are investors bracing themselves for a bear market in 2025?
Once my investment in LEESK stood at more than 60% paper gain but I did not sell, thus it is like a failed investment to me, even though there is still an overall 10.5% gain.
The gain is due to good cash & shares dividends paid over the past 2-3 years period.
This is exactly what I expected when I first bought its shares: limited downside with its share price supported by good dividends, together with some growth potential.
Anyway, I started to have doubts regarding its partnership with Cuckoo. There seems to be never-ending impairment of receivables every single quarter.
The impairment amount was RM1-2mil a quarter while its quarterly net profit was only at RM1-2mil recently.
As I was worried that its FY24Q4 result might slip into red, I decided to sell it before its result announcement.
I switched to adding more KFIMA shares which has similarities to LEESK.
Both are low profile with low liquidity, and I think KFIMA's share price can also be supported by its good dividend payout and some growth potential.
Nevertheless, many stocks that I bought last year do not perform well. I got to be more careful now...
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