Tuesday 2 September 2014

Tong Kooi Ong's Portfolio

My portfolio declined in line with the fall of the market on Friday, 29 Aug 2014.

The portfolio value decreased by 1.12% to RM105,416.63 while the FBM KLCI decreased by 0.51% yesterday.

Total returns for the portfolio dropped from 5.4% to 4.2%.

The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 5.6%, and has registered an annualised return of 29.2%.

Total profits currently stand at RM4,233.22 of which RM485.44 have been realised, RM 5,290 are unrealised and RM1,542.22 are commission costs incurred. 

The portfolio’s major gainer for yesterday were Zecon(+1.5%) and Symphony Life ( +0.9%)The stocks that lost ground were Ocean Cash(-2.9%) and CCK(-3.5%).

I bought the following on Friday:

IQGroup: 4,800 units at 1.45 per unit, good earnings as the net profit for the first financial quarter rose 391% and revenue rose 46%.

AWC: 22,000 units at 0.315 per unit, as the company has net cash position of 89% of market capitalisation, with price to book of 0.9 times.

HIL: 7,300 units at 0.68 per unit, as the company is cash rich and is trading at a lower price to book of 0.67 times.

I sold the following,

Astino 3,000 units at 0.84 per unit

Latitude Tree Holdings 3000 unit at 3.33 per unit

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