My Portfolio Aug22

Summary of August 2022

Portfolio @ End of Aug22

In August 2022, MI suffered a meltdown and lost 22% in one month's time. However, my portfolio still manage to register a monthly gain of 3.7% thanks to Hibiscus, myNews and Uchitec.

Hibiscus's FY22Q4's result was very good as expected, with a PATAMI of RM215.5mil (EPS 10.7sen).

As a result, its share price rallied from 80sen+ to over RM1.00. The drop of Brent oil below USD100 and the tax dispute with Sabah government might have prevented its share price to re-visit RM1.50 level.

Its cash flow is generally OK and I think it should be able to achieve at least 20sen of EPS in FY23 even if the Brent oil falls to USD70-80. 

My Portfolio Jul22

 

Summary of July 2022

Portfolio @ End of Jul22

July seems to be a better month as KLCI went up 3.3% while my portfolio gained a modest 2.1%.

Most technology stocks staged a good rebound this month, especially Unisem which gained almost 50% from RM2.10 to RM3.10 after releasing a superb quarterly result.

Besides Unisem, Frontken and Dufu also achieved a commendable set of financial results.

Hibiscus was in the news for the wrong reason and its share price continues to fall from RM1 level to 80sen.

I guess the fall of its share price from RM1.50 earlier was related to this issue.

My Portfolio Jun22

 

In Jun22, things go from bad to worse as KLCI plummeted 8%.

My portfolio inevitably performed badly as it shrank 10.7% in this month alone, bringing the year-to-date loss to 18.4%.

Currently the world is still overshadowed by inflation with the recession risk looming.

Year-to-date, Nasdaq index already lost 30%, while S&P 500 and DJI retreated 20% & 15% respectively.

It seems like we are already in a small bear market.

KLCI lost "just" 7.9% so far this year. The reason is because it has never really gone up in the past 4-5 years or so.

If we are going to witness a real economy recession soon, KLCI still has much room to fall from current level of 1,450 points.

EUPE Joins Belfield & Merdeka 118

 

Since the euphoria in the second half of 2020, the stock market has not been doing well for the past one and a half year.

It seems like my best investment so far since 2021 is the property I invested in, which is Sunway Belfield. 

Of course it's still too early to make any conclusion to this investment. Anything can happen down the road and it might still be possible to turn into a bad investment.

Tower A & B of Sunway Belfield are almost fully sold. Tower C was launched in November last year and the launching price was more than 15% higher for the smallest unit compared to Tower A.

I'd expect at least 30% appreciation in price once the construction is completed in 2024 or 2025. This is the reason I invested in Sunway Belfield in the first place.

In other words, I bought the smallest unit at around RM750 psf and I hope it can reach RM1000 psf once it's completed.

One thing for sure is, there will be much more supply of residential units in this Belfield or Kampung Attap area in the near future.