My portfolio is now up 45% YTD. It is underperforming the Sesdaq as I am still mostly vested at 60% with 40% left as cash. Counting just investments only, I will be up 75%. Well, that is the price to pay for being conservative.
My portfolio is getting more and more like a zoo. Usually when I purchase, I do it part by part because of my investment size. Usually the price zooms off before I finish the accumulation, and I have to start to source for another gem. I have been busy with my property agent job and that cause me valuable research time, missing out a few gems during this time.
From my last update, I have sold off Full Apex (due to oil), Pan United Marine (Being Bought over) Superbowl ( went up >50% in a few weeks) and added in Genting, Kian Ann, China Milk, QAF, Hoe Leong and Gen Mag.
This is my portfolio at half time.
CSC
Metro
Genting
SMRT
China Milk
TechComp
Darco Environment
Kian Ann
Ecowise
Gen Mag
QAF
QAF Warrant
Hoe Leong
Food Junction
I will be Hong Kong next week on a business trip.
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2 comments:
Hi littlecupid,
Your portfolio looks quite diverse. What were your reasons for buying into the companies you mentioned in June 2007 ? Did they have strong fundamentals ? One concern may be that prices of most companies have run well ahead of themselves, and have exceeded valuations. To be able to find gems in this market is rare.
Enjoy your business trip ! I have yet to go to Hong Kong, but I have heard there is nothing much to see there as it is very similar to Singapore.
Hi musicwhiz,
yes, my holdings are quite diverse as usually I do not accumulate all at 1 go. Usually when I purchase companies, there are something which I feel that the current price do not reflect its true value.
For eg, I believe Genting's worth once its casino is up, is worth at least 8 billion in Market cap. I take this base on how fast and profitable the market in Macau has grown and the valuations of some Las Vegas gaming companies listed in US like Wynn, MGM, Sands etc.
Kian Ann / Hoe Leong are both strong beneficiary of the construction boom. U can see parallel with Sinwa and its marine industry. China Milk with its strong market share and niche in the booming diary industry, QAF and Gen Mag are obvious undervalue and I believe QAF will recover strongly, Gen Mag will definetly apreciate once they either delist or sell of their TPY factory.
For all my counters, I am already in the money except for Genting.
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