Summary For October 2025
Portfolio @ End of Oct25
Following a decent September, my portfolio gained another 2% in October. However, YTD it's still in a loss of 4.4%.
Finally I sold all my MI shares after accompanying the company throughout its difficult year in 2022, when its share price plunged to RM1.00.
My paper loss in MI reached 50% at that point but I have a strong belief that it can bounce back.
Its share price staged a gradual recovery to RM2.60 in mid 2024, only to drop back to a low of RM1.40 in April 2025 due to the US tariff.
After this, it went up more than 100% to above RM3.00 now, after a good quarter result and also boosted by AI euphoria in US stock market.
I sold MI because it almost reached my target price, and I felt that it rose too fast and might retreat significantly anytime soon.
After selling at RM2.89, I thought I have made a correct decision as after a few days, its share price fell heavily to RM2.70 on 17th Oct.
However, it rebounded strongly to RM3.20 and I think I don't have a chance to buy back now. Its upcoming quarter result is expected to be good.
Other ATE stocks such as Penta, UWC, Greatec & Vitrox all gained over or close to 100% during this period of time just like MI.
OSAT stocks MPI, Unisem & Inari also advanced at the same magnitude.
It seems like we are riding on a semiconductor upcycle now. However, is there any tech stock which is still relatively "cheap"?
I think MMSV, a small ATE player might have a chance.
A few months earlier I read the news that MMSV share price jumped 70% in a day after releasing a good FY25Q2 result.
I briefly went through its quarter report. There was only slight increase in revenue QoQ, the net profit was only RM2.8mil in which a big chunk of them was investment gain.
Since its share price shot up too fast, I didn't think that there was opportunity there but now, after revisiting it, I decided to invest and hold for short to mid term.
In the month of October, I also bought and sold Asiapac shares with a modest 18% gain.
I have studied this company in detail and even invested in it before back in 2014. Link Here.
Asiapac came back to my attention after it announced the acquisition of a right to develop a property project adjacent to Merdeka 118 from Salcon for RM42mil.
Its Imago Shopping Mall in Kota Kinabalu has since been completed and doing quite well. It is also operating and acquiring new car parks. All these contribute a steady recurrent income to Asiapac.
Early this year it acquired Jaya Shopping Center in Petaling Jaya for RM100mil. I feel that this neighborhood mall is not doing so well though.
Interestingly, this acquisition comes with a guaranteed annual rental of not less than RM13mil per annum for 5 years. Whether it's making profit or loss I'm not sure.
Besides, Asiapac has a 74-acre Surya PJ South land for a master development plan. It has launched high rise Dwitara Residences 1&2 since 2022 with total 848 units and are almost sold out.
It is now in the midst of launching Dwitara Residences 3.
However, Asiapac property segment keeps making loss, despite contributing more than half of the group's revenue.
Without its property segment, Asianpac will perform better. Anyway, I expect its Dwitara Residences 3 to at least bring in some profit.
The Surya PJ South has good potential with its rather good location, and Asiapac has the experience of developing a master plan in Kepong.
Initially I planned to buy its shares at 10sen or below and my target price was 15sen.
Unfortunately I could not get at 10sen and only bought a bit at 11sen. Its share price then moved to 13.5sen and I decided to sell first since I won't buy at that level.
Its upcoming FY26Q2 result will be important as the Jaya Shopping Center's result will be incorporated into it. I'll definitely keep an eye on it.
If Jaya Shopping Center is profitable, then...
Recent IPO Insights Analytics Berhad (IAB) might not be an attractive IPO initially but it turned "hot" after the announcement of its latest FY26Q1 (ended Jul25) quarter report just a few days before its IPO date.
If its latest quarter net profit is sustainable (EPS 1.69sen), then the annualized EPS of 6.75sen will make its IPO price of 36sen super cheap.
That's the reason why its share price reached 100% gain in its debut day, and closed at 65.5sen.
Lets not talk about continuous growth first. Is IAB able to replicate this level of revenue and profit throughout its FY26?
Actually I think it's difficult but I think IAB is a company that has a potential for long term growth, which is why I decided to invest in it.
Meanwhile, EUPE's FY26Q2 result was better than what I expected.
Revenue of RM90mil and PATAMI of RM9.5mil (EPS 6.43sen) were better QoQ while I expected them to be weaker QoQ.
I hope that EUPE will launch its RM1.2bil GDV project Circadia Belfield in time within FY26Q4.
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