My Investment Record (35) - 1st Jan 2018 - 31st Jan 2018

Current Return and performance

January is a particular good month for the stock investor. KLCI went up from 1796.81 to 1868.58, netting a estimated holding period return of 4.27% (with dividend included). Bank Negara raised the key interest rate by 25 bp to 3.25% on 24th Jan 2018. This expect to help the performance of banking stock, which account for 40% of my portfolio. 

Holding Period return for my portfolio, is 5.35%. Total holding period return for my portfolio since the inception is 31.%, annualized to be 5.11%, this still underperform KLCI total return of 36.40% (annualized, 5.9%) 

As KLCI slowly climb back to the 2014 level before the oil price & ringgit crash, i believe the biggest uncertainty for the year will be concentrate around the outcome of General Election 14. Until the result of GE14 become clear with forming of a stable government, i will avoid fully invested into the market, keeping as much spare cash as possible. 

Trading Activities

Addition of BAT (4162) at price around RM 32.5

BAT's share price fall because of two reasons, 
1. declining legal cigarette market due to increase excise duty 
2. Removal of the stock from KLCI index, causing some investors holding it as part of the KLCI to sell it. 

With no further action by the government to further limit the legal cigarette consumption, i believe revenue & profit for BAT will be stable in the near term, which make the valuation (around P/E 16 and dividend rate of 6%) attractive at the price i add in. 

My Investment Record (34) - 1st Jul 2017 - 31st Dec 2017

Current Return and performance

For Jul 2017, 

The estimated holding period return for KLCI in the July (1st July 2017 - 31st July 2017) is 0.07% (with dividend included). Holding Period return for my portfolio, is -2.42%. Total holding period return for my portfolio since the inception is 27.55%, annualized to be 5.07%, this slightly outperform KLCI total return of 26.38% (annualized, 4.88%) 

For Aug 2017,

The estimated holding period return for KLCI in the past period (1st Aug 2017 - 31st Aug2017) is 1.02% (with dividend included). Holding Period return for my portfolio, is 0.21%. Total holding period return for my portfolio since the inception is 27.82%, annualized to be 5.03%, this is outperform KLCI total return of 27.67% (annualized, 5.01%) 

For Sep 2017,

The estimated holding period return for KLCI in the past period (1st Sep 2017 - 30th Sep 2017) is -0.72% (with dividend included). Holding Period return for my portfolio, is -0.47%. Total holding period return for my portfolio since the inception is 27.21%, annualized to be 4.85%, this outperform KLCI total return of 26.76% (annualized, 4.78%) 

For Oct 2017,

The estimated holding period return for KLCI in the past period (1st Oct 2017 - 31st Oct 2017) is -0.16% (with dividend included). Holding Period return for my portfolio, is -1.68%. Total holding period return for my portfolio since the inception is 25.08%, annualized to be 4.43%, this underperform KLCI total return of 26.56% (annualized, 4.66%) 

For Nov 2017,

The estimated holding period return for KLCI in the past period (1st Nov 2017 - 30th Nov 2017) is -1.44% (with dividend included). Holding Period return for my portfolio, is -2.31%. Total holding period return for my portfolio since the inception is 22.19%, annualized to be 3.89%, this underperform KLCI total return of 24.73% (annualized, 4.3%) 

For Dec 2017,

The estimated holding period return for KLCI in the past period (1st Dec 2017 - 31st Dec 2017) is 4.88% (with dividend included). Holding Period return for my portfolio, is 1.76%. Total holding period return for my portfolio since the inception is 24.34%, annualized to be 4.17%, this underperform KLCI total return of 30.82% (annualized, 5.17%) 

Trading Activities

1. Addition of RHBCAP (1066) 
2. Addition of Hong Leong Financial Group (1082)

3. Addition of Public Bank (1295)

I like banking groups due to stability of their business, and HLFG, RHBCAP, Public Bank currently have PE ratio lower than KLCI, as i'm still positive on Malaysia Economic Growth, invest in these banking group become my choice. 

4. Addition of  Berjaya Toto (1562)
At the time of writing, BJToto has estimated EPS of 20 sen and Dividend per share of 16 sen. This make current price level (ard RM2.3) attractive. 

5. Disposed PANAMY (3719) at RM 38.3.
I think the company is well managed. However P/E at time of disposal is too high (ard 20) for a manufacturing stocks. Strengthening of ringgit is expected to have negative impact on the earning as well.

6. Addition of BAT (4162).
This in part is speculating. The stocks had been declining to historical low due to declining legal cigarette market. However as dividend is still ok (ard RM 2 per share), Entering now may get a chance to gain once the stock (and legal cigarette market) regain later.

Summary of Current Holding:

No	Security
1023	CIMB
1066	RHB CAP
1082	HLFG
1155	Maybank
1295	Public Bank
1538	Symphony Life
1562	BJTOTO
3069	MFCB
4162	BAT
5071	Coastal
5111	TWREIT
5150	Msports
5150WA	Msports warrant
5159	YOCB
5185	Affin
5189	Maxwell
5189WA	Maxwell warrant
6459	MNRB
6939	Fiamma
7052	PADINI
7103	SPRITZER

My Investment Record (33) - 1st Mar 2016 - 30th June 2017

Current Return and performance

For March 2017, 

The estimated holding period return for KLCI in the September (1st Mar 2017 - 31st Mar 2017) is 3.02% (with dividend included). Holding Period return for my portfolio, is 7.04%. Total holding period return for my portfolio since the inception is 20.45%, annualized to be 4.14%, this is lagged behind KLCI total return of 23.58% (annualized, 4.73%) 

For April 2017,

The estimated holding period return for KLCI in the past period (1st Apr 2017 - 30th Apr 2017) is 1.89% (with dividend included). Holding Period return for my portfolio, is 4.71%. Total holding period return for my portfolio since the inception is 26.13%, annualized to be 5.1%, this is outperform KLCI total return of 25.91% (annualized, 5.06%) 

For May 2017,

The estimated holding period return for KLCI in the past period (1st May 2017 - 31st May 2017) is 0.15% (with dividend included). Holding Period return for my portfolio, is -0.02%. Total holding period return for my portfolio since the inception is 26.1%, annualized to be 5%, this equal KLCI total return of 26.1% (annualized, 5%) 

For June 2017,

The estimated holding period return for KLCI in the past period (1st June 2017 - 30th June 2017) is 0.15% (with dividend included). Holding Period return for my portfolio, is 3.66%. Total holding period return for my portfolio since the inception is 30.72%, annualized to be 5.7%, this outperform KLCI total return of 26.29% (annualized, 4.95%) 

Trading Activities

1. Addition of Hong Leong Financial Group (1082)

2. Addition of Public Bank (1295)

I like banking groups due to stability of their business, and HLFG currently have PE ratio lower than KLCI, as i'm still positive on Malaysia Economic Growth, invest in two of the well managed banking group become my choice. 

3. Selling Berjaya Toto (1562) at higher price (RM 2.92) and rebought at lower price (RM 2.74 & 2.54). 

This is tricky move as BJToto Company's earning is on declining mode even though it still pay high dividend. 

4. Partial Disposal of MFCB (3069). As i explain earlier in 2015 , as one of its Power Plant near PPE expiry, its revenue & profit will decline for a few years before they start operating the hydroplant in Laos. Right now their revenue & profit are just inflated by the construction profit (which is one -off in nature). Hence, i decided it is better to cash in now near its fair value rather than waiting for uncertain future. The mistake? Cashing out portion of the shares to earlier (at RM3)

Summary of Current Holding:

No	Security
1023	CIMB
1066	RHB CAP
1082	HLFG
1155	Maybank
1295	Public Bank
1538	Symphony Life
1562	BJTOTO
3069	MFCB
3719	Panasonic May
5071	Coastal
5111	TWREIT
5150	Msports
5150WA	Msports warrant
5159	YOCB
5185	Affin
5189	Maxwell
5189WA	Maxwell warrant
6459	MNRB
6939	Fiamma
7052	PADINI
7103	SPRITZER

My Investment Record (32) - 1st Nov 2016 - 28th Feb 2017

Current Return and performance

For November 2016, 

The estimated holding period return for KLCI in the September (1st Nov 2016 - 30th Nov 2016) is -2.90% (with dividend included). Holding Period return for my portfolio, is -3.76%. Total holding period return for my portfolio since the inception is 1.66%, annualized to be 0.39%, this is far lagged behind KLCI total return of 13.67% (annualized, 3.06%) 

For December 2016,

The estimated holding period return for KLCI in the past period (1st Dec 2016 - 31st Dec 2016) is 1.70% (with dividend included). Holding Period return for my portfolio, is -0.53%. Total holding period return for my portfolio since the inception is 1.12%, annualized to be 0.26%, this is far lagged behind KLCI total return of 15.6% (annualized, 3.4%) 

For January 2017,

The estimated holding period return for KLCI in the past period (1st Jan 2017 - 31st Jan 2017) is 2.11% (with dividend included). Holding Period return for my portfolio, is 8.86%. Total holding period return for my portfolio since the inception is 10.08%, annualized to be 2.2%, this lagged behind KLCI total return of 18.04% (annualized, 3.83%) 

For Feb 2017,

The estimated holding period return for KLCI in the past period (1st Feb 2017 - 28th Feb 2017) is 1.62% (with dividend included). Holding Period return for my portfolio, is 2.22%. Total holding period return for my portfolio since the inception is12.52%, annualized to be 2.66%, this lagged behind KLCI total return of 19.95% (annualized, 4.13%) 

Trading Activities

None. The stock position i hold is as per 4 months ago. 

My Investment Record (31) - 30th September 2016 & 31st October 2016

Current Return and performance

For September, 

The estimated holding period return for KLCI in the September (1st Sept 2016 - 30th Sept 2016) is -1.23% (with dividend included). Holding Period return for my portfolio, is -0.39%. Total holding period return for my portfolio since the inception is 2.49%, annualized to be 0.60%, this is far lagged behind KLCI total return of 15.33% (annualized, 3.55%) 

For October 2016,

The estimated holding period return for KLCI in the past period (1st October 2016 - 31st October 2016) is 1.50% (with dividend included). Holding Period return for my portfolio, is 3.06%. Total holding period return for my portfolio since the inception is5.61%, annualized to be 1.32%, this is far lagged behind KLCI total return of 17.06% (annualized, 3.85%) 

Trading Activities

1. Addition of Symphony Life 1538, the company 960 million unbilled sale will start to contribute to bottom line earning, most likely starting at next financial year. The stock is at its 5 years low, while the asset is 30% higher than 5 years ago, with large portion of land yet to re-evaluate. I see it with limited downside but potentially high upside. 

Past Year Review (Sept 2015 - August 2016)

I started off my investment journey in Bursa Saham back in sept 2012. 

From an initial size of 48,000, i keep pumping all my savings, leftover salary/bonus into the portfolio. 

The four years journey had seen some wide swing in the return rate, with variance higher than KLCI's

The overall results can be refer to at below table, 

	absolute (RM)	%
1st year Sept 12 - Aug 13	281	-1.09%
2nd year Sept 13 - Aug 14	30,770	25.43%
3rd year Sept 14 - Aug 15	-48,649	-21.38%
4th year Sept 15 - Aug 16	15,529	5.49%

However, for this year (Sept 2015 - August 2016)

Average Capital employed : RM 251K

Total dividend received during the period : RM 7,907.
Average dividend yield : 3.14%

Share	Ex-Date	Dividend(sen)
CIMB	2015-09-21	3.00
MFCB	2015-09-22	3.00
Symphony Life	2015-09-23	5.00
Maybank	2015-10-08	24.00
Affin	2015-12-14	2.99
YOCB	2016-01-06	2.00
BJToto	2016-01-18	5.00
TWREIT	2016-02-15	3.73
Public Bank	2016-02-18	32.00
PADINI	2016-03-09	2.50
FIAMMA	2016-03-10	7.50
Coastal	2016-03-10	2.00
CIMB	2016-03-24	11.00
RHB	2016-04-11	12.00
Maybank	2016-05-04	30.00
Affin	2016-05-06	5.00
PADINI	2016-06-01	4.00
MFCB	2016-06-20	5.00
YOCB	2016-07-07	2.00
BJToto	2016-07-18	5.00
Public Bank	2016-08-10	26.00
TWREIT	2016-08-26	3.20

My Investment Record (30) - 31st July 2016 & 31st August 2016

Current Return and performance

For July 2016,

The estimated holding period return for KLCI in the past period (1st July 2016 - 31st July 2016) is 0.25% (with dividend included). Holding Period return for my portfolio, is 1.53%. Total holding period return for my portfolio since the inception is -3.54%, annualized to be -0.92%, this is far lagged behind KLCI total return of 14.71% (annualized, 3.57%) 

For August 2016,

The estimated holding period return for KLCI in the past period (1st August 2016 - 31st August 2016) is 1.79% (with dividend included). Holding Period return for my portfolio, is 6.67%. Total holding period return for my portfolio since the inception is 2.89%, annualized to be 0.71%, this is far lagged behind KLCI total return of 16.77% (annualized, 3.95%) 

Trading Activities

1. Addition of Symphony Life 1538, the company 960 million unbilled sale will start to contribute to bottom line earning, most likely starting at next financial year. 

2. 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. I explain the reasoning in my last post, i bought some at its lowest point (around RM2.45), then the 1st quarter results of the company came out good (with EPS per quarter around 15 sen), then the company quickly rebound to above RM3. I wouldn't say this is a good stock with good management, but given the industry characteristic, with right timing we can bough it undervalued. 

3. Selling of TOMEI (7230). The performance of the company had been disappointing, even though gold price had been recovering to above $1300 level. As i need some cash for other investment, selling non-performance stock will be the only choice. 

Summary of current holding

No	Security
1023	CIMB
1066	RHB CAP
1155	Maybank
1295	Public Bank
1538	Symphony Life
1562	BJ Totoe
3069	MFCB
3719	Panasonic May
5071	Coastal
5111	TWREIT
5150	Msports
5150WA	Msports warrant
5159	YOCB
5185	Affin
5189	Maxwell
5189WA	Maxwell warrant
6459	MNRB
6939	Fiamma
7052	PADINI