KLCI end flat at end of February at 1661.98. However, following recovery of oil price and the sign that Fed is slowing its pace of raising interest rate, klci advance to 1717.58 at end of March.
Current Return and performance
For February 2016,
The estimated holding period return for KLCI in the past period (1st February 2016 - 29th February 2016) is -0.49% (with dividend included). Holding Period return for my portfolio, is -0.97%. Total holding period return for my portfolio since the inception is -3.76%, annualized to be -1.09%, this is far lagged behind KLCI total return of 13.14% (annualized, 3.59%)
For March 2016,
The estimated holding period return for KLCI in the past period (1st March 2016 - 31st March 2016) is 4.09% (with dividend included). Holding Period return for my portfolio, is 1.84%. Total holding period return for my portfolio since the inception is -1.99%, annualized to be -0.56%, this is far lagged behind KLCI total return of 17.77% (annualized, 4.67%)
Trading Activities
1. Selling of Berjaya Toto (1562), latest quarterly earning turn out to be weaker than expected, coupling with the weakening earning trend following implementation of GST, i decided to sell out realizing a small profit while waiting for the right price to back in..
2. Addition of MFCB (3069) through right issue, the electricity selling price for Don San Hong turn out to be 6.15 cent/kwh, results in revenue higher ($120 million) then initially estimated. (read here) It will be a good value adder in the long run, the only short term risk however is the project risk.
3. Addition of MNRB (6459), it remain a tough year for MNRB as its reinsurance business suffer heavy claim and had to made large provision for foreign claim liability. However as in re-insurance business with higher volatility of earning, i will expect its earning to quickly bounce back.
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