OKP Update 2 and Investment Strategy Review

I was supposed to write this post earlier but too busy. After 2 days evaluation, I decided to sold all my OKP shares at 0.355 on 17 July 2017, which I bought them at 0.43 on 23 June 2017. I loss more than 1k in less than a month! I know I might sold OKP too early, as the investigation is still going on, I still don't want to hold my OKP shares anymore. 

After this transaction, I realized that the research I done before I purchase my shares are not comprehensive enough. I was not aware of the 2015 accident before I bought my shares, which I believed is a very big mistake. Before I purchased my shares, all I can found on Google News was OKP won contracts after contracts, and what I found on their 2015 and 2016 annual reports are the management team cares a lot about the workers' safety. OKP received many safety awards in the pass few years, which made me feel confident with its outlook. However, after the accident I am not that confident about their award winning ability anymore. I understand that OKP is a big road construction company in Singapore, but I am quite sure that Singapore don't have a lot of major road contracts as our land is too small. I strongly believed that if their reputation is good, OKP should expand to overseas market which can generate much more revenue. But now I am not so confident that they are able to win contracts outside Singapore. Even now the investigation is still going on, and the accident might not be OKP's fault, 2 major accidents within 3 years is too much and I think it might even destroy its reputation. I saw the medias are targeting OKP, which might make the situation more complicated. 

After this bad investment, I also did a review on my investment strategy. Is it sufficient enough and can bring my enough return with minimum risk? I found that lack of relevant industry knowledge makes my investment harder. I might miss out many important information from daily news and also the annual reports. Currently I only invest around 8% of my total portfolio in a single counter for most of my stocks, and most of them are in different industry, which should provide some protection to my investment. I shall not invest too much on any single counter as I lack of important relevant knowledge of the industry, so I am using a lot of "I think" when I am evaluating a company, which is no good. Imagine if I invest heavily in OKP, as it looks really good from its order book and annual reports, I will loss another 5 digits hard-earned money! 

Conclusion, bad investment in OKP is totally my fault as my research was not comprehensive enough, and I shall not invest heavily into any counter. Current plan is to slowly reduce my exposure to ComfortDelGro, SIA, and Keong Hong as I invested more than 10% of my total portfolio on each of them, which is not very good from my current point of view.

Thanks for reading.