Bought LPI.

Pump-in new fund into my portfolio, and here's my new investment in 2013.

Bought 2000 shares of LPI at RM13.80, a PE ratio of about 18.

Reasons of investment:

• a company of Teh Hong Piow, which mean a great management for me.
• great track-record in terms of profitability, ROE, dividend payout, etc.
• and most importantly, sustainable growth potential.

a glance at LPI's records:



LPI's revenue and PAT had achieved a CAGR of ~14% in the past five years (2006~2011), and I believe that it can maintain at least 10% CAGR in the next five years.

the average dividend payout ratio of LPI had been around 100% for years, which translate into a 5%~6% net-dividend-yield according to its current level of earnings and share-price.

My expected return in this investment: a 5% DY, plus 10% annual gain from share price, which means a total return of 15% p.a., for the next few years.

The investment in LPI weighted ~18% in my portfolio, about same level as PPB, AirAsia, Harta.

Increase holding in PPB.

Bought 1,000 shares of PPB lately.

Now the weight of PPB in my portfolio had increased to ~20%, almost same as the weight of AirAsia and Harta.

also sold all my Notion-wb recently and utilised the money to buy 6000 unit of Notion... This is because Notion's share price had experienced a big drop recently while its warrant-b price was less affected.

Jan-2013: sold all my "value-stocks".

I had been maintaining an experimental "value-stock portfolio" since year 2008，which was based on Graham's strategy of net-working-capital.

However, I found that I don't have enough time and energy to manage this group of stocks anymore, hence decided to put it into an end.

All the components in this value-stock portfolio (namely, Tomei, Triumpl, Choobee, Rex, IQgroup, UmsNgb, SmiCorp, Kstar) had been sold recently.

From now on, I will focus only on investment of long-term growth-stocks.

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My Portfolio at the end of 2012.

Activities during the year:

• newly injected fund: RM41,500。
• stock sold: Yahorng，Prkcorp, Sbagan, Kimhin, XDL-wa.
• Increase holding in AirAsia and Notion. Sold all Notion-wa and hold Notion-Wb.
• new investment: Pwroot, PPB.

Gloves companies still make up the highest weight (~25%) in my portfolio, followed by AirAsia which contribute ~20% of my investments. Notions, TSH, PPB and Pwroot weight about ~10% each, and the weight of the net-working-capital portfolio had drop to ~10%.

My return rate of investment in year 2012 was about 10% p.a., not much different from KLCI's performance.

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