Friday 26 September 2014

Tong Kooi Ong's Portfolio

On Thursday, my portfolio declined while the broader market picked up.

The portfolio value went down by 0.74% to RM 109,306.48 while the FBM KLCI increased by 0.16%.

Total returns for the portfolio decreased from 10.1% to 9.3%.

The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 11.9%, and has registered an annualised return of 42.5%.

Total profits currently stand at RM 9,306.48.

The gainers for the portfolio were Success (+2.6%) and SLP (+1.5%) and Fitters (+1.5%). The stocks that lost ground were Ken (-2.7%) and KSL (-2.7%).

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

KPS Consortium Bhd (Stock code: 9121): 4,000 shares at RM0.565 per share. The company is principally engaged in the manufacture of various types of tissue-related products It also distributes and retails wooden doors plywood and related building materials. The company offers good valuation as it is trading at 0.4 times book and at a price to earnings multiple of 9 times.

Kim Hin Industry Bhd (Stock code: 5371): 2,000 shares at RM1.73 per share. The company produces range of ceramic floor and wall tiles. It has seen a rebound in earnings in the current year and is currently at a discount to its book value. It is also in a net cash position.

LBI Capital Bhd (Stock code: 8494): 3,000 shares at RM1.56 per share. Principally involved in property development and property investment, the company has good net margins with a stable turnover and a fair valuation as it trades at P/B of 1 and PE of 7.

Elsoft Research Bhd (Stock code: 0090): 3,000 shares at RM1.62 per share. It is an MSC-status company that provides ATE solutions to the semiconductor optoelectronic and automation industries. The company has high EBITDA and net margins of 40% and is in a net cash position.

The following shares were sold yesterday,

K.Seng Seng: 10,800 shares at RM0.705 per share.

Heveaboard: 2,500 shares at RM1.93 per share.

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