My Portfolio Feb23

 Summary of February 2023

Stock Portfolio @ End of Feb23

Feb23 was not a good month for KLCI as it dropped 2.1%, extending its YTD loss to 2.8%.

My portfolio performance was flat in this month with a slight 0.1% drop in value.

MI was high flying in late Feb23 after it released its FY22Q4 result. Its share price rose 35% in a month.

However, my portfolio was dragged down by other stocks particularly JHM, myNews & Hibiscus.

There was no buy and sell transaction in this month and the total stocks remain at 13.

My Portfolio Oct22

 Summary of October 2022

Portfolio @ End of Oct22

In October 2022, both myNews & Hibiscus performed brilliantly by advancing 24.4% & 15.5% respectively.

However, tech related stocks continue to suffer. JHM lost the most at 16% this month while Gtronic and Krono both fell 11%.

Overall, my portfolio manage to register a small gain of 3.3% this month but YTD is still losing 20%.

My Portfolio May22

 

Summary of May 2022

Stock Portfolio @ End of May22

Since reaching its height in Feb22, my stock portfolio value has been gradually shrinking non-stop like a leaking pipe.

May is the worst month to my portfolio so far this year with a loss of 4.2%. The main culprit is the 17% decline of Maybulk while most tech-related stocks also suffered in this month.

Year-to-date loss stands at 9% but it's still better than year 2016 & 2018 which suffered loss of 14.7% and 13.5% respectively at this stage.

There seems to be nothing special happening in May, just the old stories of inflation, US rate hike and Russia-Ukraine war. 

Brent oil price continues its uptrend and it touched USD124/bbl in the last day of May.

From the financial performance of local listed companies, I feel that most of them do not do very well.

For those companies in my portfolio, I think the latest quarterly results of Uchitec, MFCB, Rhonema, JHM, Master and LEESK are good. 

The rest are so-so.

My Portfolio Sep21

 

Summary For September 2021

My Portfolio @ End of Sep21

The performance of the stocks in my portfolio in September is mixed, with nine gains and nine losses.

Overall my portfolio lost 1.2% in this month.

The worst performer is Supermax which suffered a 27.5% drop. I didn't follow its share price closely and was actually quite shocked to realize how low it has gone.

Nevertheless Supermax has a 15-sen dividend ex-ed in Sep21.

Even though I don't have a lot of Supermax shares, it's still a disappointment to me. 

On the other hand, the best performer is DKSH which gains 19% but I also do not own a lot of its shares.

JHM: New Addition to the "Auspicious" BKIP

 

Batu Kawan Industrial Park (BKIP) in southern Penang mainland has been a great success since Boon Siew Honda first moved into it in year 2011.

There is no surprise that the state government has started the planning of BKIP2 located south of BKIP at Byram Nibong Tebal.

Up to today, many global technology giants have set up their facilities in BKIP.

Those companies include Hewlett-Packard, VAT, Jabil Circuit, Broadcom (Avago), Western Digital, Boston Scientific, Haemonitics, Micron, Hotayi, Flex, Lam Research, Bosch Automotive etc.

Apart from international companies, many local technology-related companies have set up their plants in BKIP as well.

Most of them are listed in Bursa Malaysia and their presence in BKIP indicate expansion of their businesses.

So, with increased business volumes and profits, their share prices have gained tremendously since they planned their move into BKIP.

Who are they?

My Portfolio Jun21

 

Summary For Jun21

Stock Portfolio @ End of Jun21

My Portfolio registered 5.3% loss in the month of June, mainly "contributed" by the huge drop in SCIB, SCIB-WB, and to some extent, JAKS.

Overall year-to-date return has dropped to merely 2.3%.

I have sold part of SCIB's shares again this month at 77.5sen. Initially I planned to sell all of its shares and warrants to wrap up my investment in it, but last minute I changed my mind and sold only half of the remaining mother shares.

However, its share price continue to drop to 50sen, below my average price of 54.5sen

Anyway, SCIB has finally released its FY21Q1 result which was a bit of relief to me even though the result was slightly below my expectation.

So far there is still no mention of any accounting issue by its external auditor KPMG.

My Portfolio Mac21

Summary for March 2021

Portfolio @ End of Mac21

In general, March 2021 is not a good month in stock market. My portfolio lost 7.1%, mainly due to the decline of my major holdings SCIB & Jaks.

Taking some profit from SCIB earlier in the month helps to reduce the percentage of loss.

I still hold quite a lot of SCIB shares. I believe the company can continue to grow in 2021 and hope that it can achieve its RM2bil market cap target by the end of this year.

Jaks just released a bad quarter result with a shocking RM103mil loss after tax and minority interest in its FY20Q4. Its loss before tax for the quarter is RM183.5mil.

However, there are reversal of disposal gain (RM85.3mil), impairment loss of goodwill (RM52mil) & receivables (RM23.6mil), share grant plan expenses (RM17.1mil) and loss on disposal of investment properties (RM5mil) in this quarter alone.

After deducting all those bigger items above, its actual loss before tax is just RM0.5mil in the quarter which is not too bad.

My Portfolio Aug20

Summary For Aug 2020

Aug-20
Numbers of stocks	13
Share Sold	Matrix @ 1.74
Share Bought	Genetec @ 1.49
	Supermax @ 21.30
Overall 2020
Portfolio Return Aug20	13.41%
KLCI Return Aug20	-4.90%
Portfolio Return YTD20	28.34%
KLCI Return YTD20	-4.00%

Portfolio @ End of Aug20

Stocks	Avg	Jul20	Aug20	Div20	Aug20%	Overall%
BAUTO	1.92	1.41	1.36	4.2	-3.5	-29.2
DAYA	0.035	0.015	0.020		33.3	-42.9
GENETEC	1.49		1.520			2.1
HIBISCUS	1.05	0.60	0.595		-0.8	-43.3
JAKS	0.88	0.77	0.76		-1.3	-14.2
JHM	1.33	1.52	1.69		11.2	27.1
KPOWER	2.03	2.60	3.27		25.8	61.5
KRONO	0.76	0.570	0.600		5.3	-21.0
LEONFB	0.505	0.305	0.315		3.3	-37.6
PRLEXUS	1.15	0.64	0.685		7.0	-40.4
SCIB	2.06	2.83	3.42		20.8	66.0
SCIENTEX	2.735	9.10	9.40	10.0	3.3	243.7
SUPERMAX	21.3		22.14			3.9

In August, finally I sold all my Matrix shares after holding them for almost 7 years. The gain of 76%, or average 11% per annum is not too bad.

Matrix is the stock that I always want to sell but also reluctant to sell. I might decide to sell tonight but the next day I change my mind. This scenario repeated multiple times.

There is another stock more or less like this and it's Scientex. At this point of time I plan to keep it for long term until a drastic change to its fundamental.

I added Genetec and Supermax in August. The strategy in Genetec is similar to Geshen, a loss-making company which has a potential to turnaround. 

My Portfolio Jun20

Summary For June 2020

Jun-20
Numbers of stocks	14
Share Sold	Notion @ 0.705 (all)
Share Bought	JAKS @ 0.88
	JHM @ 1.33
	SCIB @ 2.06 (add)
Overall 2020
Portfolio Return Jun20	2.83%
KLCI Return Jun20	1.88%
Portfolio Return YTD20	-0.50%
KLCI Return YTD20	-5.53%

Portfolio @ End of June 2020

Stocks	Avg	May20	Jun20	Div20	Jun20%	Overall%
BJAUTO	1.92	1.25	1.48	4.2	18.4	-22.9
DAYA	0.035	0.005	0.010		100.0	-71.4
DKSH	2.50	2.83	2.49		-12.0	-0.4
GESHEN	0.43	0.44	0.43		-2.3	0.0
HIBISCUS	1.05	0.56	0.62		10.7	-41.4
JAKS	0.88		0.86			-2.3
JHM	1.33		1.34			0.8
KPOWER	2.03	1.98	2.30		16.2	13.6
KRONO	0.76	0.52	0.535		2.9	-29.6
LEONFB	0.505	0.315	0.310		-1.6	-38.6
MATRIX	1.42	1.70	1.81	6.00	6.5	27.5
PRLEXUS	1.15	0.65	0.54		-16.9	-53.0
SCIB	2.06	2.03	2.13		4.9	3.4
SCIENTEX	2.735	8.28	8.90		7.5	225.4

For June 2020 my portfolio achieved a modest gain of 2.8%. Year-to-date it's close to break even.

On 29th May, I bought  my first stock since February this year. I'd say it's quite late and there are a lot of opportunities missed.

My first purchase was KPower followed by SCIB on the same day. In early June, I increased my position in SCIB and added Jaks into my portfolio. Only in late June I decided to add JHM.

My confidence in current stock market was actually not that high, so I was thinking of whether I should invest short term "hit & run" style or mid to long term like I used to do.

I decided to choose the latter.

As mentioned in my previous articles about Jaks, I believe that Jaks's FY21 will be great. However, as this stock has bad "Qi" from its history, it might not go up to where everybody wants it to be in a short period of time.

Jaks, together with Datuk Abdul Karim's KPower & SCIB are all companies in construction sector, a sector which is not in positive trend like health-related and technology stocks. 

Nevertheless, they are not in negative trend either. It's just neutral. Upcoming 12th Malaysia Plan (2021-2025), along with Sarawak state election and possible snap GE15 might act as catalyst for construction sector.

There are many tech stocks that I wish to invest in, including MI, SAM, Frontken, JHM & Gtronic. Finally I selected JHM mainly because I feel that its business model and products have the potential to generate good growth going forward, even though its share price has already went up more than 10 times before.

5G and electric vehicles are the next big things. I read that JHM plays some parts in 5G modules and EV charging stations which attracts my attention. 

However, its automotive-related LED back light business might suffer in Q2. Hopefully it can get back on track after that. 

I have sold all Notion shares to lock in the profit after holding it for more than 4 years. While its FY20Q1 loss-making result was not a surprise to me, I was a bit disappointed that the management did not mention much about its "Stingray" & "Nixon" projects.

I still have plan to buy back Notion, mainly due to its original business expansion while the new face masks business will be a bonus if it's sustainable. The management has warned that April & May will be the worst but expected a recovery in June. With the face mask business supposedly starting in June, may be it can help to save FY20Q2 result.

Matrix still haven't announce its FY20Q4 (Jan-Mac20) quarterly result yet, after being granted a delay until 15th July. Its results will be negatively affected but I'd expect worse result for FY21Q1 (Apr-Jun20).

Even though property market has slowed down for years, Matrix still registers increasing revenue and profit throughout the years. Its unbilled sales still stay at RM1.2billion at the end of Dec 2019. At least shareholders can expect consistent dividends for the next 1-2 years.

If not for the sales of industrial lands and total 5 quarters due to a change in financial year end in FY16, Matrix is a rare company which shows annual increasing revenue and profit without fail since listed in 2013.

Now we are already in the second half of 2020. So far this year I disposed 6 stocks and added 5 stocks. There are too many stocks in my portfolio now.

I nearly add another stock in June, but I hold back the strong buying desire due to depleted cash level. I need cash to subscribe to Jaks rights issue!