Current Return and performance
For May 2018,
The estimated holding period return for KLCI in May (1st May 2018 - 31st May 2018) is -6.68% (with dividend included). Holding Period return for my portfolio, is 3.7%. Total holding period return for my portfolio since the inception is 30.5%, annualized to be 4.74%, this outperforms KLCI total return of 28.42% (annualized, 4.45%)
For June 2018,
The estimated holding period return for KLCI in the past period (1st June 2018 - 30th June 2018) is -2.54%(with dividend included). Holding Period return for my portfolio is -0.3%. Total holding period return for my portfolio since the inception is 30.11%, annualized to be 4.62%, this outperforms KLCI total return of 25.15% (annualized, 3.92%)
For July 2018,
The estimated holding period return for KLCI in the past period (1st July 2018 - 31st July 2018) is 5.77% (with dividend included). Holding Period return for my portfolio is -1.54%. Total holding period return for my portfolio since the inception is 28.11%, annualized to be 4.28%, this underperform KLCI total return of 32.38% (annualized, 4.85%)
For Aug 2018,
The estimated holding period return for KLCI in the past period (1st Aug 2018 - 31st Aug 2018) is 2.26% (with dividend included). Holding Period return for my portfolio is -1.56%. Total holding period return for my portfolio since the inception is 26.11%, annualized to be 3.94%, this underperform KLCI total return of 35.37% (annualized, 5.18%)
For Sep 2018,
The estimated holding period return for KLCI in the past period (1st Sep 2018 - 30th Sep 2018) is -1.19%(with dividend included). Holding Period return for my portfolio is -4.48%. Total holding period return for my portfolio since the inception is 20.46%, annualized to be 3.11%, this outperforms KLCI total return of 33.76% (annualized, 4.90%)
Trading Activities
1. Addition of HLFG (1082)
At the time of buying, HLFG was trading at P/E ratio of around 11, the EPS growth by 20% compared to the previous year, these are good reasons to add more.
2. Addition of Public Bank (1295)
Same with HLFG, public bank had been recorded stable growth of earning while the P/E was around 16.
Same with HLFG, public bank had been recorded stable growth of earning while the P/E was around 16.
3.Disposal of BJTOTO (1562).
At one moment after GE14, BJToto Price shoots up to RM2.47, I took the opportunity to reduce the holding in my portfolio.
Similar to BJTOTO, BAT price rebounced after GE14 due to temporary abolish of GST, thus i took the opportunity to reduce the holding before the implementation of SST which brings uncertainty to future earning.
5 Addition of Symphony Life (1538)
Looking back in hindsight, the additions were right decision execute at the wrong timing.
Good things about symphony life
- unbilled sales stand around 915 millions, this guarantee source of profit for next few years
- Undeveloped land at Sungai Long near East Klang Valley Expressway that can be readily developed into township which is highly demanded around klang area.
However, due to phasing of the projects, Symphony is at the stage where the company is highly tight on cashflow to fund the project development. Thus recently it call for rights issues to raise fund.
Malaysia investors mostly view rights issues as negative as it required the existing shareholders to fork out more capitals for the stock and probably send a signal that the company (issuing rights) will have cashflow problems and unable to distribute dividends in near future.
Thus the addition is best to be done after the rights exercise completed.
The wrongly executed timings will cost me several ten thousands and dragged my whole portfolio performance down for a while.
