May 2018 Portfolio Report

Since the last update, March 2018 Portfolio Update, my portfolio has shrunk significantly; losing almost all the gains made in the past years. This is largely contributed to the events leading up to the election and post-election. Understandably, investors, especially foreign  ones, are jittery about a change of government; the first Malaysians have seen.

sarawak State Legislative Assembly
Sarawak State Legislative Assembly. Credit to http://www.thenational.ae

Companies seen to be close or somehow related to the former government were hit the hardest. Arguably, I hold shares in two of such companies: Ekovest and CIMB. I’ve sold SIME, without much of a gain or loss, to purchase Mahsing.

COUNTER COMPOSITION (%) AVERAGE PRICE LAST PRICE GAIN/LOST (%)
3A 6.53 1.18 0.945 (19.81)
AIRASIA 30.70 2.80 3.22 15.08
CIMB 26.17 5.78 6.12 5.60
DNEX-WD 9.69 0.201 0.135 (32.98)
EKOVEST 9.71 1.136 0.585 (48.53)
EVERGREEN 5.93 0.791 0.455 (42.54)
MAHSING 3.97 1.10 1.09 (1.19)
MALAKOF 3.18 0.917 0.875 (4.68)

Portfolio gain is at 6.29%.

If you have suffered the same fate as I did, try not to dwell in the past. I believe that market jitters would eventually succumb to the competency, accountability and transparency policies, championed by the new government. We can only hope that the new government will make good on its election promises.

As for now, the market is significantly cheaper, especially many mid cap stocks. Hence, how you act upon this will determined the success of your investment.

Looking forward
  1. Malakoff dividend (3.7 cents per share); ex date on 14.05.2018, payment date on 01.06.2018.
  2. Airasia dividend (12 cents per share); ex date on 12.06.2018, payment date on 13.07.2018.
  3. Evergreen dividend (1.38 cents per share): ex date on 30.07.2018, payment date on 17.08.2018.
  4. Mahsing dividend (6.5 cents per share); ex date on 12.09.2018, payment date on 27.09.2018.

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March 2018 Portfolio Update

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” -Paul A. Samuelson

Dear Readers

Sentiments in the stock market, in March 2018, were heavily influenced by the US interest rate hike and the trade war between the US and China. Needless to add, market turmoil is back in the spotlight.

Market down

Although the Bursa did well in shrugging off much of the turmoils, my portfolio wasn’t that fortunate. Instead, my portfolio suffered tremendously as paper profit dropped about 8%, from a gain of about 34% last month to a gain of about 26%. As an investor, you must not let market turmoil derail your levelheadedness. And there is no better way to do that but to just ignore the turmoil [See: Rationally irrational] and concentrate on increasing your earnings, either through your business or employment, so as to have more, at your disposal, to be invested.

My portfolio as at 02.04.2018:

COUNTER COMPOSITION (%) AVERAGE PRICE LAST PRICE GAIN/LOST (%)
3A 6.30 1.18 1.07 (9.20)
AIRASIA 31.88 2.80 3.93 40.45
CIMB 24.86 5.77 7.20 24.68
DNEX-WD 6.91 0.23 0.145 (34.18)
EKOVEST 12.49 1.16 0.96 (17.53)
EVERGREEN 5.21 0.79 0.47 (40.65)
MALAKOF 2.74 0.92 0.885 (3.59)
SIME 5.72 2.80 2.64 (5.94)
Updates

Some of the relevant news which happened in March 2018:

  1. Ekovest’s shareholders had voted to reject a proposal to take over IWCity at RM1.50 per share.  A resounding 69.2% of shareholders voted against the resolution.
  2. Malakoff has bought back at least 32 million shares in March 2018.
Looking forward
  1. CIMB dividend payment on 30.04.2018 of RM0.12 per share.
  2. General election. (First time voter).

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