My Portfolio Apr24

 Summary For April 2024

Portfolio @ End of Apr24

April 2024 is a great month for me as my portfolio gained 16.9%, bringing YTD gain to almost 30%.

This is due to EUPE & TAS, the 2 stocks which I invested more heavily into recently. Both of them gained 58% & 35% respectively in Apr24.

Malaysia's stock market seems to be very bullish as I can see many stocks flying up the sky.

KLCI has gained 8.3% in the first 4 months in 2024, which is its best performance since I started tracking KLCI from year 2014.

Anyway, Gtronic's share price continue to slide and lost 15% in the month.

It seems like the "SCIB phenomenon" does not apply to Gtronic.

My Portfolio Mac24

Summary For March 2024

Portfolio @ End of Mac24 

In Mac24, the two newly added stocks ADB & EUPE performed brightly as they rose 37.6% and 9.3% respectively.

This has helped to propel my portfolio to gain 1.6% in Mac24. YTD gain improves slightly to 8.1%.

The share price of ADB inched up almost everyday and I have no chance to add more shares. Thus it only contributes rather minimally to my portfolio despite appreciated 35%.

Meanwhile, the share price of EUPE took a break below RM1 so I took this opportunity to buy more of its shares, with a target price of RM2.

My Portfolio Feb24

Summary For February 2024

Stock Portfolio @ End of Feb24 

The stock market is quite bullish in the first two months of 2024. KLCI has already gained 6.6% and my portfolio just manage to match it at 6.4%.

In Feb24, I have added two new members into my portfolio: ADB & EUPE.

I decided to invest in ADB mainly because of e-invoicing, even though its PE ratio is not low at 30x at share price of 68sen.

E-invoicing will begin in Aug24 for those with annual turnover of at least RM100mil, whereas all taxpayers are compulsory to do it from Jul25 onwards.

I'm not sure how much profits ADB can get from this e-invoicing thing. By looking at its share price chart which dived from RM1.10 on the first day of trading to stay sideway at 60+sen level, I just feel that the only way it can head is north this year.

I purposely bought its shares before it released its FY23Q4 result but the result is a bit disappointing.

TAS: The Good Time Has Finally Come?

Recently oil & gas sector seems to be quite robust as Petronas is expected to award more contracts in the near future. It plans 300 facilities improvement projects yearly from 2024 to 2026.

Many O&G stocks have made significant gain in share price since the end of Dec23. However, the two O&G stocks in my portfolio (Hibiscus & T7Global) did not move too much.

Petronas did mention that "significant increase is expected for plug & abandon activities in 2024". I think T7Global should be one of the potential beneficiaries for this P&A jobs, isn't it?

On 23 Jan24, Petronas announced that it has awarded 7 new PSCs (Production Sharing Contracts) under the Malaysia Bid Round 2023.

It is expected to garner more than RM1.3bil worth of capital investment (only?) to the country in the form of exploration work activities.