YTD Performance up 15%, cash 7%
Sold off WynnMac as its PE was abit stretched... should have realised it much earlier.... and abit apprehensive of China property market/economy as a whole.
Sold off Gazprom.... again due to US market emotion ....have to control.
Sold of Vicom...high PE recycle into CES
Valuetronics took up top spot due to its low PE (7+), high dividend yield (6%) (investor friendly), cash and no debt, good business (LED segment mass production which should continue to grow albeit lower margins due to price sweet spots and government push)
MTQ slided 20% since its top due to its poor results. Continue to hold as the sub-sea segments is delayed. And as last year, the sub-sea is contract based usually for 2 quarters. Is important to have good competent management , and also management which look after minority shareholders.
Continue to hold Great Eastern. Will be a beneficiary of OCBC purchase of Wing Hang w/o taking a hit on its B/S (OCBC)...great company.
CES & LKH ...obviously undervalued
Zagro...Hold...bad 1st half performance..trading at NAV...and MS bought at around current price.
Spindex , Cheung Who and Spindex.... low PE... and manufacturing is recovering.
Sold off WynnMac as its PE was abit stretched... should have realised it much earlier.... and abit apprehensive of China property market/economy as a whole.
Sold off Gazprom.... again due to US market emotion ....have to control.
Sold of Vicom...high PE recycle into CES
Valuetronics took up top spot due to its low PE (7+), high dividend yield (6%) (investor friendly), cash and no debt, good business (LED segment mass production which should continue to grow albeit lower margins due to price sweet spots and government push)
MTQ slided 20% since its top due to its poor results. Continue to hold as the sub-sea segments is delayed. And as last year, the sub-sea is contract based usually for 2 quarters. Is important to have good competent management , and also management which look after minority shareholders.
Continue to hold Great Eastern. Will be a beneficiary of OCBC purchase of Wing Hang w/o taking a hit on its B/S (OCBC)...great company.
CES & LKH ...obviously undervalued
Zagro...Hold...bad 1st half performance..trading at NAV...and MS bought at around current price.
Spindex , Cheung Who and Spindex.... low PE... and manufacturing is recovering.
| 1 | Valuetronics |
| 2 | MTQ |
| 3 | Great Eastern |
| 4 | ChipEngSeng |
| 7 | LKH |
| 6 | ZAGRO |
| 8 | Spindex |
| 9 | Cheung Who |
| 10 | Fischer |
| 11 | Boustead |
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