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:
Wednesday, March 2, 2016
It has been a while since the last update. Here is the summary of the transactions done:
1) JTiasa sold at RM1.69 for a paltry 7% return. It was a good sell in the end. Just take a look at its current price of RM1.37.
2) Purchase of additional 2000 units of Inari at RM3.30. This makes Inari to have a weightage of 33% of the total portfolio. Such high dependence is highly risky but as long as you know what you are doing, it should not be a problem. I am confident that Inari will be higher in two years time.
Some comments on the market:
The oil price is really tanking and it seems that bad news are all over the oil sector. Being a major oil exporter, Malaysia is naturally impacted. Petronas just announced to slash 1000 jobs and to reduce capex by 15 to 20 billion ringgit. This will have major effect on the economy.
AirAsia is finally gathering some steam and moving north. All the provisions for AirAsia Indonesia and Phillipines have been done last financial year so that they can start afresh this financial year. Look forward to a sustained rally. It would not surprise me if it goes back to RM2.50.
Then there is the risk of "Brexit" in June. I personally think the risk is minimal but market will be trading sideways or slightly down until then. Then we can have chance to buy in before June.
Lastly, as of now, Huat Fund is really low in cash and looks like this:
Friday, January 8, 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.
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.