Wednesday 24 September 2014

Tong Kooi Ong's Portfolio

On Tuesday, my portfolio increased while the broader market fell.

The portfolio value went up by 0.71% to RM108,311.96 while the FBM KLCI decreased by  0.32%.

Total returns for the portfolio increased from 7.5% to 8.3%.

The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 11.1%, and has registered an annualised return of 38.9%.

Total profits currently stand at RM 8,311.96.

The gainers for the portfolio were TMCLife(+12.6%) and Homeritz(+5.2%). The stocks that lost ground were B-Tech (-6.2%) and Ken(-3.5%).

The following shares were bought yesterday, following the pick-up in trading momentum:

Mitraland Bhd (Stock code: 9571) : 5,100 shares at RM0.98 per share. The company is principally involved in construction and civil engineering works and property development.It also has other investments in quarries and premix plants rental of plant and machinery as well as an eye specialist centre. The company has offers good return on equity with growing EBITDA and net margins especially in the first half of 2014.It trades at book value and has a PE of 8 times.

Sycal Ventures Bhd (Stock code: 9717): 11,200 shares at RM0.445 per share. The company is an investment holding with core businesses in civil and construction works property development. It is also involved in manufacturing and trading including ready-mix concrete and building materials. It has growing turnover and net margins, with a low gearing of 0.3 times.

The following shares were sold yesterday,

IW City: 2,200 shares at RM1.6 per share.

Chuan: 900 shares at RM0.735 per share.


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