We saw a bit of turbulence in the Bursa in April 2017. Wall Street had certainly overreacted to the possibility of an nuclear war between the United States of America and North Korea. That fear crept into Bursa too.
Whilst many bought into the possibility of a doomsday scenario, cool-headed investors made the most of the unnerved market.
As stated in my article, Analysis of Elsoft Research Bhd, i would continue to accumulate shares of Elsoft Research Bhd. The scare of a nuclear annihilation created an opportunity for me to get in the market, at a bargain. Needless to say, I seized that opportunity and increased my stake in Elsoft Research Bhd when its shares took a beating from a high of RM2.230 (11 April 2017) to a low of RM1.936 (14 April 2017). I bought in @ RM1.96. That’s a discount of about 12%.
I’ve also sold the entirety of my stake in Sapura Energy Bhd for a meager profit of 10% (excluding the meager dividend). I felt that the dynamics of the oil and gas market was impeding any meaningful yield in Sapura Energy Bhd. The profit and the capital from the said sale would serve me better through a stake in Kronologi Asia Bhd, which is making a strong presence in India with and South East Asia.
To conclude, my portfolio currently looks like this:
|NO.||COUNTER||COMPOSITION (%)||AVERAGE PRICE||LAST PRICE||GAIN/LOSS (%)|
Cash reserve is at its lowest level, at 4.01%.
There is a lot of euphoria in the market; enough to attract the bear the lurking bear. Keep that in mind.