With the end of August, comes September,which has always been a notoriously dreadful month for Malaysian equity.
There is always a silver lining even in a pessimistic month like September. However, to take advantage of the impending bargains, I suggest that you keep some cash lying around. About 19% of my portfolio is in cash at the moment – ready to pounce at a moment’s notice.
I’ve added DNEX-WD (warrant) into my portfolio when the market was frantically disposing DNEX’s shares because of its lacklustre earnings, last quarter.
A couple of counters announced the distribution of dividends: Samchem @ 1 cents per share (30 Aug) and Airasia @ 12 cents per share (5 Sept). Rest assured, the dividends will be reinvested.
Presently, my portfolio consists of the following counters:
Airasia Bhd – 21.25% gain
CIMB Group Holdings Bhd – 31.88% gain
Dagang Nexchange Bhd WD (warrant) – 12.45% loss
Ekovest Bhd- 6.49% loss
Evergreen Fibreboard Bhd – 4.72% loss
Samchem Holding Bhd – 13.13% loss
The portfolio, despite of the losses suffered by 4 out of 6 counters, only retreated 0.3% to a 24.2% gain. You may compare August’s performance with July’s performance.
Until next time. Happy investing.
If you find this write-up helpful, please hit that like and share buttons on my Facebook for more updates and analysis.