KL Market

Here’s the composition of my portfolio at 31-Dec-2009.

Activities during this year:

Stocks sold: Advpkg, Lysaght, SJC, UMS, Tafi.
Stocks bought: Hartalega, Tomei, Triumpl, Choobee.
Money added: RM 9,100 in the middle of the year.
If being asked what I’d feel regret about my investment during this year, it would be my slow reaction in buying Hartalega. Its price was below RM3.50 when it first c……
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For the second time, Tafi was sold from my value-stocks portfolio. The first time I sold Tafi was during Nov-2008, then I bought it back in early December.
Here’s the summary for these investments in Tafi..
1st investment。bought 3000 units at 39 sen in Mar-2008.received dividend of 1.5 sen per share (less tax 26%).sold all at 43 sen in Nov-2008.Total return is 10.5% for a period of nearly 9 mo……
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This is the new member in my value-stock portfolioI bought Choobee at price of RM1.53 per share, which is equal to 68% of its net-working-capital (according to its Jun-2009 reports).Other criteria of ChooBee:Low debt position. (according to its Jun-09 report, debt-equity ratio only 10%+)
Continuous dividend payment for more than 10 years. (though net DY only around 3%）Low PE ratio (about 5.5 bas……
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UMS was sold from my value-stock-portfolio yesterday.Actually, the current share price of UMS is still below its net-working-capital per share. The reasons of selling include:
I bought Triumpl into this portfolio few weeks ago. Since these two companies are in similar business and both of them have very high inventories level, I think it’s better for me to hold just one of them.
The return on UMS……
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Glove companies had always been one of my favorite choice on KLSE stocks.
Last year, I sold my holding on Supermx because I need some cash to build my “value-stock” portfolio. About two months ago, I decided to invest again into glove company. And this time I choose Hartalega. The reasons:Good profit margin (around 15% ~ 20%), much higher than Topglove/Supermx/Kossan.Impre……
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This week, Triumpl had become a member of my value-stock portfolio.
According to its latest quarterly reports, Triumpl’s net-working-capital per share is about RM1.50. I bought it at 75 sen per share, a 50% discount from its net-working-capital.Other supporting points for buying Triumpl:nearly zero debt position. uninterrupted dividend payment for more than 10 years. (though the yield was quite lo……
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A lots of people just can’t stop questioning the sustainability of the “superior return?” of PNB funds.
When people ask me this question, I really don’t know how to answer it. They start a question from a wrong point — It’s like asking why a man can always walk faster than a car.How can you call that 7~8% p.a. of those PNB’s fixed-priced funds a superior return?
Come on…. those funds (ASB……
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Amanah Saham 1Malaysia, a new fixed-priced-fund by PNB was launched yesterday. And I found that a lots of people feel uncomfortable with the “fixed priced” policy. “How can the redemption price be fixed at RM1 while the NAV is fluctuating?”
(Just wonder why nobody ask the same questions on EPF. They work the same way too. Each dollar you put into your EPF account, plus dividend each year, can be ……
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I had been sending order to buy Tomei during the past few weeks. Finally, my transaction was done at 45 sen per share few days ago. So, here come the new member of my value stock portfolio.

According to its Mar-2009 report, Tomei’s net working capital per share is about 77 sen. This means that my buy price is at a discount of about 40% from its net working capital.

Others supporting criteria ……
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In the pass few weeks, three stocks from my “value-stock-portfolio” had been sold. This is a short review about these investments: 1. AdvpkgBought 2000 unit at 55 sen on Mar-08, received dividend of 4.5 sen per share (tax-exempt) while holding, and sold them at 72 sen on May-09. The total return is about 35% for a holding period of about 14 months. 2. LysaghtI bought 1200 unit at 85 sen in Sep-2……
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