Friday 5 September 2014

Tong Kooi Ong's Portfolio

My portfolio performed fairly well yesterday, as the broader market gained momentum.

The portfolio value increased by 0.38%  to RM104,186.96.73 while the FBM KLCI went up by 0.23%.

Total returns for the portfolio increased from 3.9% 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 5.4%, and has registered an annualised return of 25.9%.

Total profits currently stand at RM 4,186.96.

The portfolio’s major gainers for yesterday were Fiamma Holdings (+3.8%) and Paos (+3.4%).The stocks that lost ground were IQ Group (-3.1%) and Astino (-1.8%).

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

Systech Bhd: 28,500 shares at RM0.175 per share. The company is principally involved in the design R&D customization and implementation of web-based solutions to direct selling, MLM and retail companies. Systech has promising net margins and is in a net cash position.

Ablegroup Bhd: 29,000 shares at RM0.17 per share. The company is engaged in processing of high quality marble and granite products mainly in China. Also, the company has investments in marble quarrying operations including in Turkey.

Mah Sing: 1,900 shares at RM 2.58 per share. The company is principally engaged in property development. Also manufactures high-tech plastic in Malaysia and Indonesia. Mah sing has consistent net margins of 12-14% throughout the quarters,with increasing turnover.

Taliworks Corporation : 5,200 shares at RM 1.92 per share. The company is involved in the management operations and maintenance of water treatment supply and distribution facilities. It has concessions for the Sungai Selangor Water Treatment Works Phase 1 ("SSP1") and for the water supply and distribution system in Langkawi. It trades at 1.3 times book and has a price to earnings multiple of 28 times.

Careplus: 12,000 shares at RM 0.415 per share. The company is an investment holding whose subsidiaries are involved in the manufacturing processing and trading of latex examination gloves under "Rubbercare" and "Guardian" brand names.

I sold the following shares yesterday,

HIL Industries: 7,300 shares at RM0.68 per share.

Chuan: 6,500 shares at RM0.615 per share.

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