My Portfolio at the end of 2015

the holdings has little change during the year, just lowering my position on glove companies and invest some portion of fund into Padini.

AirAsia is the main drag factor to the portfolio, its value had been halved during the year. On the other hand, performances of Hartalega, Pwroot and Takaful were well above my expectation.


Investment return of my portfolio during 2015 was about 21.7% p.a., much better than KLCI.

My Portfolio at the end of 2014.

The holdings are exactly same as previous year. There's no selling/buying, or any newly-injected fund during the whole year.

The best performers in the portfolio are AirAsia and CBIP, both had been gaining more than 20% in value. While the share prices of Supermx, Pwroot, AeonCr, PPB and DLady had experienced some fall during the year, I believe that their fundamentals are still good, and may perform better in coming years.


The investment return of my portfolio during 2014 was about 1.3% p.a., slightly better than KLCI's performance.

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My Portfolio at the end of 2013.

Activities during the year:

• new fund: RM 72k.
• stocks sold: all the "value-stocks",  XDL, Notion, TSH.
• decrease holdings: PwRoot (sold half of it).
• increase holdings: PPB, AirAsia.
• new investment: LPI, Supermx, CBIP, DLady, Takaful, UoaDev, AeonCr.

The share price of glove companies had experienced a sharp hike during this year. I'm in opinion that these companies were undergoing a revaluation by the market -- thus we saw PE ratio of Hartalega and Kossan had been rising to above 20 during the year, and I think Supermx will be catching up soon.

While the falling share prices of AirAsia and UoaDev were a bit disappointed, the good performances of PwRoot, PPB, TSH, Takaful and LPI were well above my expectation.

The investment return of my portfolio during 2013 was about 33% p.a., much higher than KLCI's performance.

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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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My Portfolio at the end of 2011.

Activities during the year：

• stock sold: none。
• stock bought: Notion-wa, XDL.
• new fund added: RM10,500.

Gloves companies are still my favorite, and thus make up the highest weight in my portfolio. Their share price are quite steady during 2011. While the sharp increase in share price of AirAsia and TSH were beyond my expectation, the performance of Notion, XDL and the net-working-capital portfolio were quite disappointed.

the return rate of my portfolio in year 2011 was 0%, not much different from KLCI's performance.

My Portfolio at the end of 2010.

Activities during this year:

• Stocks sold: Titan, MAS-Pa.
• Stocks bought: Notion, TSH, XDL, Kossan, Rex, IQgroup, UMSNGB.
• Money added: RM 6,000 in July, and RM 3,000 in Oct.

The buys and sells are mainly a result of a trimming process of my portfolio during the middle of this year. Kossan was bought when a new RM3000 fund was injected in October. Rex, IQgroup and UMSNGB are bought based on net-working-capital approach.

For the year 2010, my portfolio's average return rate is about 34% p.a., quite satisfied for me as it's much better than KLCI's performance.

My Portfolio at the end of 2009.

Here's the composition of my portfolio at 31-Dec-2009.

Activities during this year:

• Stocks sold: Advpkg, Lysaght, SJC, UMS, Tafi.
• Stocks bought: Hartalega, Tomei, Triumpl, Choobee.
• Money added: RM 9,100 in the middle of the year.

If being asked what I'd feel regret about my investment during this year, it would be my slow reaction in buying Hartalega. Its price was below RM3.50 when it first came into my sight, but I only took action when its price went above RM4.50 -- Lesson learned: take action immediately when you found a good company trading at an attactive price. This event also strengthened my believe in long-term buy-and-hold strategy.

For the year 2009, my portfolio's average return rate is about 41% p.a., a bit lower than KLCI's performance.

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My portflio at the end of 2008

The composition of my portfolio at the end of this year:

In this quarter,

• RM3000 was added into the investment account.
• one stock had been sold: Supermx.
• three stocks were bought: Lysaght, Sbagan, and MAS-PA.
• trading of stocks: Tafi was sold at 43 sen, then buy back at 32 sen.

For the whole year 2008, my total return is about -36%, not much different from KLCI performance.

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My portfolio at 30-9-2008

The composition of my portfolio at the end of September is as follow:

I didn't add any money into my account during this quarter. At the end of September, I sold all my holding on Supermx.

I need cash to build my “value-stock portfolio”. Since I don't have extra savings during these months, I'd decided to sell one of my holdings. Compared to the other two companies that I invested (Titan and AirAsia), the management of Supermx is the one that I have least confidence in it. So, it become the first company I decided to sell when I need cash.

Rubber-glove manufacturers are still one of my favorite companies to invest. I’ll come back to them when I have extra cash savings. However, the next time, I think I may be more interested in Kossan instead of Supermx.

My evaluations on the glove manufacturers had changed during this year, mainly influenced by Fisher's writing Common Stock and Uncommon Profit. I had just done my reading on the book few months ago.

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My portfolio at 30-6-2008

Here's my portfolio at the end of June this year:

Note:

I've added RM 1050 into my portfolio in this quarter. The money was used to buy another 1000 shares of AirAsia. Other composition of my portfolio remain unchanged.

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My Portfolio at 31-Mar-2008

Haven't update this blog for almost a month... quite busy during these few weeks...

So, here's my portfolio's value at the end of 1Q-2008:

Comment:

1. A cash of about RM1550 (mainly come from my bonus salary) had been added in to my portfolio during this quarter. Due to its very attractive price, I had increased my investment in Supermx to 3500 shares, as compared to 2000 shares in the last quarter.

2. As mentioned in my previous post, Tafi & Advpkg were selected into my "value-stock" portfolio due to Graham's asset-orientated valuation.

3. I didn't see any big change of fundamental condition in my companies, except for AirAsia which has doubled its EPS in the 1H-2008.

4. Due to some negative emotions in the market, my companies are now being transacted in very attractive prices. I really want to increase my investment in these companies (and some new candidates that I've been monitoring so far). But unfortunately, this few months I'm facing some difficulty in my personal finacial management, where I'm spending almost every ringgit that I earn, leaving no cash for my investment. I hope that this condition will not last for too long, because I really don't want to miss this "mega-sales" of stocks in the current investment climate.

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My Portfolio at 31-Dec-2007

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.