My Portfolio Jun25

Summary of Jun 2025

Portfolio @ End of Jun25

 

Jun25 was not a good month to me as my portfolio shrank 1.1%, increasing YTD loss to 9.7%.

Share price of JHM dropped 17.3% in the month. It suddenly plunged 15% on 20 Jun25 with relatively high volume.

I'm not sure what was brewing but it didn't look good. It's unlikely to be due to poor quarter result as the financial period has not ended yet.

Anyway, its next quarter result is not expected to be good.

The month of June was dominated by the surprise strike of Israel on Iran, and the possibility of "World War III".

This regional war has temporarily ceased though, but the uncertainty remains.

Nevertheless, KLCI still manage to inch up by 1.63% this month.

Scientex's FY25Q3 result was rather flat, with revenue RM1.11bil and PATAMI RM123.9mil (EPS 8sen).

Its packaging division continues to suffer from softer demand and increased competition. 

Operating profit in packaging division dropped 37% in the 9-months period to RM107.6mil, compared to property division which increased 9% to RM422.1mil.

Property division contributes about 80% of its operating profit in the first 3 quarters of FY25.

Johor property seems to be booming and Scientex will benefit from its massive township projects across the region.

A 6sen interim was declared, which is similar to corresponding period of previous year.

Scientex's share price has retreated from RM4.60 about 6 months ago to current RM3.30 level, representing a drop of almost 30%.

Due to "relentless" purchase of large tract of lands, its net gearing ratio has climbed to 46%.

Scientex has proved that it is capable of monetizing the development lands effectively so there is not much worry unless the country goes into recession.

Hiaptek's FY25Q3 revenue & PATAMI of RM344.8mil & RM34.3mil (EPS 1.97sen) respectively are not too bad.

All of the profit came from its JV amounting to RM40.8mil in the quarter.

Its own trading division suffered RM31mil of operating loss in the 9-month period, while its manufacturing division's profit dropped to only RM7.5mil in the same period compared to RM31mil profit last year.

The poor performance is mainly due to weak steel price since 2021.

Production at the JV's HRC line has ramped up steadily, delivering improved economies of scale and contributing positively to the group.

In Feb25, MITI has extended its moratorium on new steel manufacturing licenses and in May25, the government has imposed anti-dumping duties for 5 years on selected flat-rolled steel imports from China, India, Japan & South Korea.

I think these developments should be positive to Hiaptek.

The deadline of US tariffs negotiation is approaching very soon.

The stock market is expected to experience some kind of volatility, either in a good way or a bad way.

Hopefully there is no major setback to Malaysia's economy.