Wednesday, 10 September 2014
Tong Kooi Ong's Portfolio
My portfolio declined yesterday, while the broader market gained momentum.
The portfolio value decreased by 0.32% to RM109,063.94 while the FBM KLCI increased by 0.16%.
Total returns for the portfolio went down from 9.4 to 9.1%.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 10%, and has registered an annualised return of 51.7%.
Total profits currently stand at RM 9,063.94.
The portfolio’s major gainers for yesterday were AWC (+4.3%) and KSL(+0.7%).The stocks that lost ground were IW City (-4.5%), Taliworks (-3.6%) and Fiamma (-3.6%).
The following share was bought yesterday, following the pick up in trading momentum:
Fututech: 4,200 shares at RM1.17 per share. The company is principally involved in building construction project management interior fit-out business (including kitchen cabinetry and lighting solutions) and miscellaneous construction related services for the premium residential property segment.
As of its Q2 results, the net cash position is 30% of the total assets. The company trades at price to book and has a price earnings multiple of 8 times.
Hwang: 2,500 shares at RM1.98 per share. The company is In the process of restructuring following the disposal of investment and asset management businesses.
Redtone: 6,000 shares at RM0.825 per share. It is an MSC-status company that provides data and broadband services to corporate/SME/government sector,which also heps to manage and build Wi-Fi networks.
The following shares were sold yesterday:
GBH: 2,000 units at RM2.44 per share.
IQGroup-4,800 units at RM1.88 per share.
SHL Corp-1,300 units at RM3.09 per share.
Symphony Life-5,000 units at RM1.18 per share.
Tongher-2,200 units at RM2.37 per share.