I will evaluate my portfolio performance on two occasions, one when it is the end of quarter (1st April, 1st July, 1st Oct, 1st Jan), the other when i inject new capital into the portfolio, hence the need to calculate and record the holding period return for the period before.
Market Overview
For the past month, KLCI index was lifted by the release of quarterly financial results of blue chip companies, which display general trend of increasing profit. Global market remain cautiously optimistic, with S&P 500 touching historical peaks several times last week, while investors watch carefully how China Economic slowing down itself.
Current Return and performance
The holding period return for KLCI in the past period (1st Feb 2014 - 28th Feb 2014) is 2.03% (with dividend included). Holding Period return for my portfolio, is 5.75%. Total holding period return for my portfolio since the inception is 11.21%, annualized to be 7.34%, this had double the Fixed Deposit rate of 3.2-3.8%, but still way below KLCI return of 17.50% (annualized, 11.35%).
This is the third out of seven times in evaluation period that my portfolio performance beat the general market. Luck certainly play a part where few of the stocks i picked jumped up high during past month. I will be cautiously optimistic that i can beat the market again for the next evaluation period. As general stock market stay at higher level, it will become increasingly harder to spot a few bargain stocks.
Trading Activities
i. Addition of TROP (5401). As stated in previous post, with unbilled sales close to RM2 billion and profit from two sales of land lots reflected in TROP financial statements, Revenue, Profit and NAV of the company keep growing strong. The only concern now, is whether Tropicana Corporation can generate enough Capital to support Tan Sri Danny Tan ambitious expansion plan before he decided to undertake other private placement of shares at a discount to NAV, often at the expense of existing shareholders.
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