Bursa Saham end up in 1747.52 points, 70 points lower compared to closing of previous month.
Few events affecting KLCI's performance in short term horizon,
- Possibility of Fed raising rates, resulted in net sell off of foreign investors in May?
- 1MDB saga, where its debt woes are worsen by downward trend of Ringgit following crude oil price crash. It will be interesting to see how negative the event can unfold.
- Effect of GST, that will hit hard on retail & consumer's sectors performance.
- X factor, MERS outbreak, if uncontrolled like SARS, could hit asia economies hard.
Current Return and performance
The estimated holding period return for KLCI in the past period (1st May 2015 - 31st May 2015) is -3.62% (with dividend included). Holding Period return for my portfolio, is -1.75%. Total holding period return for my portfolio since the inception is 9.27%, annualized to be 3.28%, this is lagged behind KLCI total return of 16.39% (annualized, 5.67%) and lower than return from Fixed Deposit according to best available market rate.
The estimated holding period return for KLCI in the past period (1st May 2015 - 31st May 2015) is -3.62% (with dividend included). Holding Period return for my portfolio, is -1.75%. Total holding period return for my portfolio since the inception is 9.27%, annualized to be 3.28%, this is lagged behind KLCI total return of 16.39% (annualized, 5.67%) and lower than return from Fixed Deposit according to best available market rate.
Trading Activities
1. Addition of Affin holding (5185). My rationale behind was this, there are few types of industry that is perceived to last long, and return moderate profit to the shareholder, these includes infrastructure (toll way, utilities, telekom), finance and banking business, FMCG (fast moving consumer goods). In current KLCI market, it seems banking and finance sectors is the only sector left with low P/E ratio, high dividend yield and back by low P/B ratio. Sometimes my bet might go sour (like previous bet with CIMB and current bet with Affin holding), sometimes my bet remain promising (with Maybank and Public bank).
2. Addition of Maybank (1155). First quarter profit went up but price still go down, at anticipated dividend rate current price offer a dividend yield of close to 6%. Seem acceptable for me.
3. Addition of Public Bank (1295), a balancing act continuing from previous trading month (see here). Seem to pay off for me for now.
