Here's the combination of my investment at the end of 2007.
(click the photo for full size view)
* the buying cost is adjusted for dividend received, and trading fee (brokerage fee) is included in the cost.
Comment:
AKN is my short-term holding. The main reason I bought it is because its price is below its value. I'll sell it anytime when the price is going back to a normal level (e.g. when PE = 10.)
Titan is a medium-term investment, my aim is waiting for its price to shoot up to RM2.50 while enjoying its tax-free dividend. I'm in the opinion that the upward cycle of petrochemical industry will continue until 2010 or 2011. I never worried about the short-term volatility of its share price. However, I think maybe I shouldn't put too much money on this stock at the begining. (about 33% of my total cost is invested in Titan, this is quite a high portion.)
RUBHD is a good stock I discovered half-year ago. But later I found that it will undergo a restructuring process under the Water Service Industry Act 2006 which will take effect on the end of 2007. The uncertainties of this restructuring make me stop accumulating RUBHD. I'll discuss this in the future post.
My initial expectation when investing in AirAsia, is to hold this stock for a very long-term. But now I realise that I've made a mistake in calculating its income. So, I need more time to observe it.
Supermax is another stock that I plan to hold it for long-term. I'll keep an eye on it and continue to observe the effect from its merger with Seal Polymer.
I still got a small amount of cash. Now I'm waiting for the some announcement from SC to clearify the brokerage fee of online-trading. If the minimum fee still remain the same (RM12), then I'll probablly invest this cash into 2 or 3 different stocks, to achieve a more diversified portfolio (the Graham's approach). Else, this money will go into a single stock, maybe RUBHD.
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