When Huat Fund first started last year, the stockmarket was having a run and it was not easy to pick a stock. Smallcap stocks were pricey, relative to pre-GE13. I mostly focus on smallcap stocks as their potential capital gain are higher than those blue chip companies. It took some intensive fundamental research and sleepless nights before I took the first step to invest using the fund money. Boy, it did turn out well after all. Today, Huat Fund celebrate it's first year. Fortunately, Huat Fund is able to fulfill it's minimum return rate of 10%.
The capital amount in the fund has also grown. The starting capital of this fund is RM50k. In July 15th, the fund received an RM20k injection from Sis Ying. So now the fund capital is RM70k.
The past year has been a very good year with the fund size reaching just over RM100k in middle of August. The recent market correction has seriously affected Huat Fund and as of today, the fund size has shrinked to RM84k. In a new twist, the major shareholder has requested to cash in the 10% return or RM5k. So the fund size will dwindle to RM79k after this payout.
Fund Portfolio at
15.10.2014
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|||||||||
Name
|
Purchase Date
|
Average Purchase Price
|
Current Price
|
Unit
|
Current Value (RM)
|
P/L ex Dividend (%)
|
Dividend (RM)
|
P/L inc Dividend (%)
|
|
Cash
|
Hle-Broking
|
7261.04
|
|||||||
Stocks
|
Sunreit
|
04/10/13
|
1.40
|
1.510
|
5000
|
7550
|
8.1
|
373.85
|
13.4
|
Inari
|
24/02/14
|
2.45
|
2.220
|
12000
|
26640
|
-9.3
|
270
|
-8.4
|
|
Jaya Tiasa
|
24/04/14
|
2.74
|
1.990
|
2000
|
3980
|
-27.5
|
-27.5
|
||
Hovid
|
14/04/14
|
0.38
|
0.355
|
40000
|
14200
|
-7.7
|
197.50
|
-6.4
|
|
Westport
|
09/05/14
|
2.75
|
2.930
|
2000
|
5860
|
6.4
|
97.5
|
8.2
|
|
QL
|
07/07/14
|
3.60
|
3.300
|
3000
|
9900
|
-8.3
|
172.50
|
-6.7
|
|
Pestech
|
20/08/14
|
4.04
|
3.800
|
1000
|
3800
|
-6.0
|
-6.0
|
||
Total value of current Stocks
|
71930.00
|
90.8
|
%
|
1111.35
|
|||||
Total cash in Hlebroking
|
7261.04
|
9.2
|
%
|
||||||
Total Fund Value
|
79191.04
|
||||||||
Payout from Huat Fund
|
5000.00
|
||||||||
Original Capital
|
50000.00
|
||||||||
Addition to original capital
|
20000.00
|
||||||||
Total Fund Capital
|
70000.00
|
||||||||
Current paper gain from stocks
|
-5648.22
|
||||||||
Total dividend from stocks
|
1700.93
|
||||||||
Realised gain
|
18138.33
|
||||||||
Total profit including current paper
gain
|
14191.04
|
20.3
|
%
|
||||||
For the past year, Huat Fund yields an a return of RM14k, equivalent to a 20% return rate. The current paper loss is at RM5.6k. This huge drop is mainly contributed due to Inari share price drop these few days. The realised stock profit and stock dividend amount to RM18k and RM1.7k. Below is a summary of the realised stock profit. I personally expected myself to be a more active seller but hey, I turn out to have more patience and not "tangan gatal" afterall.
Sold Stocks
|
18138.33
|
||||||
Date sold
|
Date bought
|
Name
|
Unit
|
Initial amount
|
Amount sold
|
P/L
|
%
|
28/2/2014
|
19/11/13
|
Datasonic
|
7500
|
12724.91
|
26862.3
|
14137.39
|
111.10
|
21/4/2014
|
27/12/13
|
OCK
|
5000
|
3919.99
|
6316.96
|
2396.97
|
61.15
|
1/8/2014
|
22/10/13
|
Cypark
|
3000
|
6513.57
|
8117.54
|
1603.97
|
24.63
|
As for the year ahead, the market outlook is expected to be tough and volatile. Bursa Malaysia is still trading at a pricey valuation.
Come April 2015, GST comes into effect and will practically depress the local investing mood, judging from the experience of Australia. I reckon defensive retail stocks will be also affected. Besides, Bank Negara would be raising the interest rate for another one or two times in the coming year to further tame the inflation and the property market. REITs will be one of the victims, IF they do not improve their dividend yield. So, stock picking will be ever more critical. I hope that during my research, I will discover some "Presbhd", "Myeg", "Datasonic" and "OCK". Opportunities like Datasonic will not come so often. For the next twelve months, my focus will be on stocks with good dividend yield and some capital appreciation as well. HUAT ar!
