Thursday, 4 September 2014
Tong Kooi Ong's Portfolio
My portfolio lost traction yesterday, in line with the drop in the broader market.
The portfolio value declined by 0.3% to RM103,862.72 while the FBM KLCI fell by 0.2%.
Total returns for the portfolio decreased from 4.2% to 3.9%.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 5.3%, and has registered an annualised return of 24.3%.
Total profits currently stand at RM3,791.73
The portfolio’s major gainers for yesterday were IQGroup (+1.9%) and AWC (+1.6%).The stocks that lost ground were SHL Corp (-1.0%) and Zecon (-1.0%).
The following shares were purchased yesterday:
Paos Holdings: 5,100 shares at RM0.78 per share. The company manufactures and trades in soap and specialty fats products. The stock has seen an increase in trading momentum.
Chuan Huat Resources: 6,500 shares at RM0.615 per share. The company trades in steel and building materials products. The stock is trading at 0.5 times book and a trailing price to earnings multiple of 10 times.
Tong Herr Resources: 2,200 shares at RM 2.21 per share. The company manufactures stainless steel fasteners, with steady earnings and low gearing. The stock is trading at 0.8 times book.
I sold the following shares yesterday,
CCK Consolidated: 6,000 shares at RM0.935 per share.
OceanCash: 15,000 shares at RM0.32 per share.