My investment record (48) May - Nov 2020

The comparison of the estimated holding period return between my portfolio and the KLCI is as follow:

For comparison of my portfolio vs KLCI annualized return in the last 1Y, 3Y, 5Y and since inception, see below

Trading Activities

May

1. Buy LPI (8621)

June

1. Buy PB Bank (1295)

2. Buy Tune Protect

3. Buy Astro (6399)

July

1. Sell Symphony Life

2. Buy Astro

Aug

1. buy HLFG (1082)

2. Sell Symphony Life (1538)

3. Sell DKSH

4. Buy Astro (6399)

5. Buy MNRB (6459)

6. Buy LPI (8621)

7. Buy Magnitech (7087)

8. Buy Hup Seng (5024)

September

1. Buy Ambank (1015)

2. Buy HLFG (1082)

3. Buy Astro (6399)

4. Buy LPI (8621)

October

1. Buy LPI (8621)

November

1. Buy Takaful (6139)

2. Buy Astro (6399)

3. Buy LPI (8621)

My investment record (47) Feb - April 2020

The estimated holding period return for KLCI in the  Feb-2020 is -2.86%  (with dividend included). Holding Period return for my portfolio is -5.66%. 

The estimated holding period return for KLCI in the  March-2020 is -8.54%  (with dividend included). Holding Period return for my portfolio is -18.81%. 


The estimated holding period return for KLCI in the  April-2020 is 4.55%  (with dividend included). Holding Period return for my portfolio is 12.32%. 

For comparison of my portfolio vs KLCI annualized return in the last 1Y, 3Y, 5Y and since inception, see below

Trading Activities

For the past 3 months, Malaysia's economy and stock market were severely impacted by the outbreak of COVID-19. During February, I was still in buying mode which includes addition of Public Bank (1295) & Astro (6399). This quickly became a mistake as both stocks were considerably cheaper during subsequent market downtime. 

Hence, my trading decision after March was centered around the following questions

1. Whether the business model of the company can still sustain post-COVID19? 

I believe companies where their future survivability in doubt are Airasia & TWREIT. 

2. Whether there is still a growing potential for the company, or I have to sell now to preserve cash?

Stocks that I subsequently sold were Symphony Life (1538), BAT (4162), YOCB (5159) & FIAMMA (6939)

Summary list of stocks bought/sold as follow:

Addition of Public Bank (1295)

Disposal of Symphony Life (1538)

Disposal of BAT (4162)

Disposal of Airasia (5099)

Disposal of TWREIT (5111)

Disposal of YOCB (5159)

Addition of Astro (6399)

Disposal of FIAMMA (6939)

My investment record (46) January 2020

The estimated holding period return for KLCI in the  Jan-2020 is -3.35%  (with dividend included). Holding Period return for my portfolio is -4.43%. 

Trading Activities

1. Disposal of HEIM (3255)

I believe current market is abnormal in the sense that the consumers' stocks (like beverage, FMCG, etc) are getting a very high valuation while finance stocks (like banking and insurance) continue to be undervalued. At the time of writing, HEIM is trading at P/E ration around 27 while the banking stocks are trading at P/E ratio below 10. Hence the rebalancing. 

2. Addition of BAT (4162)

The price drop further to below RM14, with an estimate EPS of around RM 1 to RM 1.2, its dividend yield becomes attractive. 

3. Disposal of Coastal (5071)

This stock has limited upside potential now as the O&G business is still lackluster. Hence the sale to reserve some funds. 

4. Disposal of Airasia (5099)

This is an event-driven sale. The Wuhan coronavirus outbreak is going to hit Airasia X hard with a large portion of its route connected to China. Better sell now until there is a sign of subsiding of the virus. 

5. Addition of Tune Protection (5230)

The addition happened before the Wuhan Coronavirus outbreak gets serious. The reasoning behind this is the stock is currently trading at forwarding P/E below 10 and dividend yield of above 5%. 

6. Addition of Bermaz Auto (5248)

This analyst summarizes the prospect for the stock. 

7. Addition of Takaful (6139)

The share price took a hit recently due to RHB terminating the takaful bancassurance agreement with Takaful. However, as the termination only starts at August this year, and the revenue of Takaful still growing strong with chances of reestablishing bancassurance agreement with RHB again, I believe the stock is oversold in relation to estimated forward P/E of about 10. 

8. Addition of Astro (6399)

The stock is trading at forwarding P/E of about 10, the recently signed transponder agreement is going to save the company and increase EPS by roughly RM0.01 starting 2024. Astro then becomes a good dividend stock with high dividend yield in the coming years. 

9. Addition of Padini (7052)

Although the outlook will be uncertain due to the impact on tourism by Wuhan Coronavirus, the stock is currently trading at a historically low P/E level.

10. Addition of LPI (8621)

This is a regular buy for a good stock like LPI. Although the price wasn't cheap from P/E sense.