Showing posts with label AirAsia. Show all posts
Showing posts with label AirAsia. Show all posts
Sunday, July 31, 2016
Update - Sold QL
The past few months has been spent on office project. Huat Fund has been neglected for quite some time. During these few months time, I have added another 2000 units of AirAsia at RM1.65 and sold all 3000 units of QL at RM4.30. I have been looking around for some new additions to Huat Fund. Hope to be able to find one and provide the write-up here. Below is the Huat Fund portfolio as of Friday:
Friday, January 8, 2016
Happy New Year 2016
It has been a long time since I updated this blog. In the past two months, I have been trigger happy, adding some new members to Huat Fund as well as increasing holdings in Inari.
Welcome,
Fibon, Maybank, OCK and Jaya Tiasa.
The short rationale behind these purchases:
Fibon: This is a speculative purchase to get short term gain.
Maybank: This is a move to shift into dividend orientation, Maybank at this price is really attractive because its overseas operation is till growing yearly. Long term buy.
OCK: The company recently expended into Myanmar and will reap the rewards soon. Medium term buy.
Jaya Tiasa: This is also a short term buy to gain revenge over the earlier loss.
Huat Fund is running low on cash after adding all these new members. It is a pity because the current China fiasco presents a good opportunity to accummulate more stocks.
Huat Fund looks like this today:
Friday, October 23, 2015
Second Annual Review FY2015
Today Huat Fund turns two. Fortunately, Huat Fund has been able to achieve the minimum return rate of 10% for the second consecutive year.
At the end of the first year FY2014, Huat Fund's fund size was RM84k due to a market correction at that time. Lesson learnt from that episode is to keep calm during the correction and do not follow the selling crowd. During FY2015, Huat Fund duly recovered and the current fund size is RM119k.
For FY2015, Huat Fund has return of RM35k, equivalent to a 41.6% return rate. The current paper gain is RM12k. This time round, the all the stocks in the portfolio are in the green with Inari being the main contributor.
FY2015 proved to be an active year for me as there are opportunities abound in volatile times like this. Being active is not necessarily good as I would have pocketed another RM10k if I had not sold the stocks in March this year. The total realized stock profit and stock dividend are RM14k and RM2.3k respectively. Below is a summary of the realized stock profits for this year. Note that Westport has been sold (I did not write an update on that).
For the year ahead, I would expect USD-MYR exchange rate to recover to sub-RM4.00 because ringgit is undervalued at the current rate.
Globally, China is clearly slowing down and the world is still looking for the next source of growth. We can expect a stagnant market in the next 12 months.
Meanwhile in Malaysia, more banks(CIMB, RHB and Affin) are doing VSS at the moment in an effort to reduce their cost. Companies in other fields are doing the same as well. The outlook for local market is gloomy as people will spend less and feel that their ringgit is "smaller". The property sector will remain subdued. We can expect more rebates =). For the next Financial Year, I will focus on stocks that can withstand cost cutting measures and also recession. In fact, I have already have one such stock in Huat Fund right now. Make a guess!
At the end of the first year FY2014, Huat Fund's fund size was RM84k due to a market correction at that time. Lesson learnt from that episode is to keep calm during the correction and do not follow the selling crowd. During FY2015, Huat Fund duly recovered and the current fund size is RM119k.
For FY2015, Huat Fund has return of RM35k, equivalent to a 41.6% return rate. The current paper gain is RM12k. This time round, the all the stocks in the portfolio are in the green with Inari being the main contributor.
FY2015 proved to be an active year for me as there are opportunities abound in volatile times like this. Being active is not necessarily good as I would have pocketed another RM10k if I had not sold the stocks in March this year. The total realized stock profit and stock dividend are RM14k and RM2.3k respectively. Below is a summary of the realized stock profits for this year. Note that Westport has been sold (I did not write an update on that).
For the year ahead, I would expect USD-MYR exchange rate to recover to sub-RM4.00 because ringgit is undervalued at the current rate.
Globally, China is clearly slowing down and the world is still looking for the next source of growth. We can expect a stagnant market in the next 12 months.
Meanwhile in Malaysia, more banks(CIMB, RHB and Affin) are doing VSS at the moment in an effort to reduce their cost. Companies in other fields are doing the same as well. The outlook for local market is gloomy as people will spend less and feel that their ringgit is "smaller". The property sector will remain subdued. We can expect more rebates =). For the next Financial Year, I will focus on stocks that can withstand cost cutting measures and also recession. In fact, I have already have one such stock in Huat Fund right now. Make a guess!
Sunday, September 6, 2015
Risk-taking Opportunities
The Bursa Megasale is still ongoing and I have decided to participate in it, mainly because I see some short term opportunities as some stocks are trading below their 52 weeks high. During this week, I have added additional 20000units of Opensys @ RM0.33 [patience - the review is still underway =) ], 3000 units of AirAsia @ RM0.96 and 20000 units of Hovid @ RM0.43.
Bear in mind that these buys are classified as tactical asset allocation, which means that this is a short term strategy. Huat Fund looks like this after these transactions:
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