Ya Horng sold.

This is a stock that i purchased into my value-stock portfolio about 4 years ago. It was selected using Graham's net-working-capital criteria. (the post: Ya Horng Electronic (M) Bhd.)

According to its quarter-report 30-Apr-2012, Yahorng's financial status still strong, with a net-working-capital per share of RM1.49, and cash per share about RM0.79... so, I'm actually in the opinion that the current share price of RM0.87 is still very cheap, judging with Graham's method.

However, two years ago I had set a 4-year time limit for all the counters I purchased using Graham's NWC strategy (the post: A new framework for my Value-stock-Portfolio.)... Ya Horng was bought on Jul-2008, so it's time to let go.

My investment records for Yahorng:

• Jul-2008: bought 2000 unit at RM0.55,
• May-2009: sold 100 unit at RM0.72,
• Jul-2009: dividend payment, 5sen per share less 25% tax 
• Sep-2009: sold 100 unit at RM1.00, 
• Jul-2010: dividend payment, 10sen per share less 25% tax
• Jul-2011: dividend payment,  2 sen per share less 25% tax
• Jul-2012: dividend payment,  2 sen per share less 25% tax
• Aug-2012: sold 1800 unit at RM0.87.

The average return rate of this investment is about 17% p.a., quite satisfactory but still off from the target I had set for this portfolio (25% p.a.).

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