Monday 8 September 2014

Tong Kooi Ong's Portfolio

My portfolio registered a good performance last Friday, although the market was subdued.

The portfolio value increased by 1.43%  to RM105,677.03 while the FBM KLCI declined by  0.04%.

Total returns for the portfolio increased from 4.3% to 5.7%.

The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 7.0%, and has registered an annualised return of 34.5%.

Total profits currently stand at RM 5,677.03.

The portfolio’s major gainers for yesterday were Ablegroup (+5.9%), AWC(+4.6%) and IQGroup (+3.8%).The stocks that lost ground were Taliworks (-4.2%) and Careplus (-4.8%).

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

Goh Ban Huat Bhd: 2,000 shares at RM2.47 per share. The company is principally involved in ceramics manufacturing for industrial and consumers such as vitrified clay pipes bathroom and sanitary furnishing. It has improving EBITDA and net margins in the current 2 quarters and is in a midst of venturing into the oil and gas sector specialising in FPSO solutions and support work.

Efficient Bhd: 16,000 shares at RM0.3 per share. The company provides a full spectrum of integrated business process outsourcing services such as data processing document processing electronic and physical distribution imaging and data capture archival and retrieval records management etc. Besides being in a net cash position, it is trading at a price to book of 1.4 times.

There were no sold shares last Friday.

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