Summary of May 2022
Stock Portfolio @ End of May22
Since reaching its height in Feb22, my stock portfolio value has been gradually shrinking non-stop like a leaking pipe.
May is the worst month to my portfolio so far this year with a loss of 4.2%. The main culprit is the 17% decline of Maybulk while most tech-related stocks also suffered in this month.
Year-to-date loss stands at 9% but it's still better than year 2016 & 2018 which suffered loss of 14.7% and 13.5% respectively at this stage.
There seems to be nothing special happening in May, just the old stories of inflation, US rate hike and Russia-Ukraine war.
Brent oil price continues its uptrend and it touched USD124/bbl in the last day of May.
From the financial performance of local listed companies, I feel that most of them do not do very well.
For those companies in my portfolio, I think the latest quarterly results of Uchitec, MFCB, Rhonema, JHM, Master and LEESK are good.
The rest are so-so.
