My Portfolio Dec25

Summary of December 2025

Portfolio @ End of Dec25

 

Year 2025 is a superb year for stock markets in almost the whole world, but not for Malaysia.

After suffering loss in the first 11 months, KLCI managed to end the year in positive territory with a 2.3% gain, thanks to a late push of the index stocks in December. 

However, most small and mid cap stocks suffered badly.

For investors who invest in US stock market, it seems to be a good harvest year. An annual return of 20-30% should be easily within reach.

The S&P 500 advanced 16.4% in 2025, but it still "underperformed" compared to other major markets in the world.

The Vanguard FTSE All-World ex-US ETF registered a remarkable annual return of 32.3% in 2025. It just shows how bullish year 2025 was.

My portfolio ended the year with a lost of 4.9%, which is a pity.

The 31% gain in IAB in Dec25 alone helped to narrow the overall loss though.

If not because of the failure in "speculating" in MMSV, my portfolio might be able to register a small gain in 2025.

IAB posted a good FY26Q2 result with revenue and net profit of RM26.5mil & RM9.9mil (EPS 2.25sen) respectively.

It was better than what I expected, as I thought its net profit might not beat RM9.3mil of FY26Q1.

Revenue from Water Technology Solutions (WTS) dropped as expected but there was a good improvement in revenue in Intelligent Asset Management Solutions (IAM).

As it was a good set of result to me, I bought a bit more IAB shares at 98sen after the result announcement but its share price dropped instead.

Nevertheless, now its share price continues its uptrend and even hit limit-up on 5 Jan26, after CIMB started coverage and gave it a target price of RM2.10.

I don't know how much IAB can grow from here so I'll just keep monitoring its quarter results.

Scientex posted a decent FY26Q1 result. Even though its revenue of RM1.16mil and PATAMI of RM142.9mil (EPS 9.18sen) were slightly lower than preceding quarter of FY25Q4, they are still one of its best ever results.

Despite the commendable results, Scientex's share price dropped 19% in 2025, from RM4.30 to RM3.50. 

I hope that its share price will climb back to RM4.50 this year. If it happens, then I might consider to sell after holding it for 13 years.

Even though Hiaptek also delivered a good FY26Q1 result, its share price did not move much. 

Its quarter EPS of 2.5sen is the highest compared to every single quarter of FY25.

Anyway, steel price remained subdued, and there might be worry regarding the carbon tax introduced this year.

I'm still waiting for a chance to "average down" Hiaptek, especially when the steel price shows signs of recovery.

During the month of Dec25, I sold some EUPE shares.

EUPE used to be my core portfolio stock but I have since pared down its shares, after failing to sell when it appreciated 70%.

I have a plan to add another property stock and so I sold some EUPE shares to balance my portfolio.

Besides IAB, I also added some JHM shares as its latest quarter result showed some signs of recovery.

Hopefully the worst is over for JHM but I'm still a bit worried of the effect of weak USD on its financial results in the coming quarter.

Year 2025 has been a challenging year for investors in Malaysia stock market. 

Actually I was not that active in stock market in 2025, especially in the first 8 months of 2025 when I was more occupied with my investment property and home solar PV system.

Only after the property was rented out in Sep25, I placed more attention to the stock market.

Also at this point of time, I started to look into the US stock market, as I have just opened Moomoo trading account which offers easy access to the US stock market.

I put some US stocks in my watchlist and watched them going up and down but I haven't invested in them.

I owned some NVIDIA shares though, thanks to the free gift from Moomoo. I didn't include these free shares into my portfolio.

I'm still in a stage of familiarizing myself with the US stock market, and might make my first purchase this year.

Anyway, local stock market will still be my priority.