Current Return and performance
For Feb 2019,
The estimated holding period return for KLCI in the Feb-2019 is 1.73% (with dividend included). Holding Period return for my portfolio, is 3.82%.
For Mar 2019,
The estimated holding period return for KLCI in the Mar-2019 is -3.47%(with dividend included). Holding Period return for my portfolio, is -2.43%.
For Apr 2019,
For Apr 2019,
The estimated holding period return for KLCI in the Apr-2019 is 0.22% (with dividend included). Holding Period return for my portfolio, is 2.28%. Total holding period return for my portfolio since the inception is 24.32%, annualized to be 3.32%, this underperform KLCI total return of 25.02% (annualized, 3.41%)
Trading Activities
Trading Activities
1. Addition of AmBank (1015)
2. Addition of CIMB (1023)
3. Addition of RHB Bank (1066)
4. Addition of HLFG (1082)
5. Addition of Public Bank (1295)
6. Addition of Affin Bank (5185)
5. Addition of Public Bank (1295)
6. Addition of Affin Bank (5185)
Except PB bank, all other banks were trading at P/E Ratio around 10-12 at the time when i bought in. Despite recent BNM decision to cut OPR rate by 0.25%, I am betting the effect of rate cut already priced in in current share price and with stable earning, consistent dividend rate characteristics these stocks were safer bet compared to others
7. Selling of Maybank (1155)
Simply because of Hyflux, if Maybank loss in hyflux loan arrangement is fully accounted for, this will reduce the EPS for maybank by magnitude of 20-30% for this year, which is not reflected in current share price yet.
8. Reduce holding in BJTOTO (1562)
I still operate by the logic explained in my previous investment record. Share price was good (ard RM2.6) at time of selling.
9. Bought some airasia (5099)
Reasons i'm reluctant to add airline stocks earlier
- they typically has huge CAPEX cost, and operate in a market that tend to be overcapacity
- their biggest cost uncertainty is on fuel price, which is highly volatile.
Things that work in favor for Airasia in next two years
- They sold and lease back majority of their aircrafts with outside investor group, this allow them to operate light in asset (and debt) in a market where their major competitor (MAS, and other airlines flying Boeing 737 MAX) are retreating.
- They hedged about half of their fuel cost for 2019 & 2020.
10. Bought some Takaful (6139)
Insurance company operate in a market (Takaful) with higher potential to growth than general insurance market. My biggest mistake was didnt bought it earlier in larger quantity
11. Bought some LPI (8621)
i like insurance business, they are probably the major reason why Warren Buffet and his Berkshire Hathaway able to grow their wealth. From P/E perspective LPI maybe a little bit expensive (18-20 ish compared to KLCI average of 15?), but its stable dividend yield (4% roughly) beat FD. Nice to hold as interim investment.
7. Selling of Maybank (1155)
Simply because of Hyflux, if Maybank loss in hyflux loan arrangement is fully accounted for, this will reduce the EPS for maybank by magnitude of 20-30% for this year, which is not reflected in current share price yet.
8. Reduce holding in BJTOTO (1562)
I still operate by the logic explained in my previous investment record. Share price was good (ard RM2.6) at time of selling.
9. Bought some airasia (5099)
Reasons i'm reluctant to add airline stocks earlier
- they typically has huge CAPEX cost, and operate in a market that tend to be overcapacity
- their biggest cost uncertainty is on fuel price, which is highly volatile.
Things that work in favor for Airasia in next two years
- They sold and lease back majority of their aircrafts with outside investor group, this allow them to operate light in asset (and debt) in a market where their major competitor (MAS, and other airlines flying Boeing 737 MAX) are retreating.
- They hedged about half of their fuel cost for 2019 & 2020.
10. Bought some Takaful (6139)
Insurance company operate in a market (Takaful) with higher potential to growth than general insurance market. My biggest mistake was didnt bought it earlier in larger quantity
11. Bought some LPI (8621)
i like insurance business, they are probably the major reason why Warren Buffet and his Berkshire Hathaway able to grow their wealth. From P/E perspective LPI maybe a little bit expensive (18-20 ish compared to KLCI average of 15?), but its stable dividend yield (4% roughly) beat FD. Nice to hold as interim investment.
