The estimated holding period return for KLCI in the Dec-2019 is 2.02% (with dividend included). Holding Period return for my portfolio is 1.19%.
Trading Activities
1. Addition of HLFG (1082)
I will continue to add this as long as the P/E ratio is below 10
2. Addition of BAT (4162)
1. Addition of HLFG (1082)
I will continue to add this as long as the P/E ratio is below 10
2. Addition of BAT (4162)
The price drop to below RM15, with an estimate EPS of around RM 1 to RM 1.2, its dividend yield becomes attractive.
General Market Discussion
Malaysia market in 2019 is not performing well due to the following factors
- The outflow of foreign capital
- Declining corporate earnings
- Slowing property market
- Uncertainty of US-China trade war that impacts investment sentiment
- Lower Crude Palm Oil Price
For 2020, the future outlook is mixed
+ Crude Palm Oil Price climbing back up to MYR3000 level, this will help plantation earning
+ The economy is projected to continue expansion at a rate of 4.4-4.6%, with no major downside risk.
- Both residential and commercial property market seem facing oversupply issue
- BNM may proceed with another rate cut in 2020, which will hurt banks' earnings.
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