Few months ago I stated in my plan that I will buy more Keong Hong and BOC Aviation. However, I got no chance to buy both of them at a good price.
Even though HSI was quite weak for past few months, BOC Aviation didn't drop much, and at the time of writing it is still trading above 49 HKD.. much higher than my previous entry point (w/ CD). Same thing happened to Keong Hong as well, the stock stabilised at current price level, with low trading volume. Good thing is I sold CDG months ago (I think I stated it in my previous post). I am planning to slowly buy more counters.
One good news is now 1 sgd worth slightly more than 5 rmb! I always wanted to invest in china SSE and I think this is a very good chance. SSE's performance is one of the worst in Asia (correct me if I am wrong), but I think this will give me the chance to buy at lower valuation and I could buy more counters with the limited cash I have at the moment. However I noted that even though some financial reports and outlooks for some counters look amazing in China, it is not uncommon to see the leading company's share price loss more than 70% due to different reasons (fake financial report, company subsidiary gave unreasonable guarantee, fake vaccine***, etc). Therefore I believe that it is important to spread my risks to more counters, and shouldn't invest more than 5% in any single counter listed on SSE). I have attached changsheng co ltd (SZ002680) stock price chart as follows. It is one of the leading vaccination producer listed mainland china, but recently outsiders found that they produce fake vaccination, therefore it might be forced to delist itself (I am not sure how are they going to compensate the other innocent shareholders).
I have received my Minsheng (HK) bonus share and dividend today! Due to the appreciation of HKD my stock portfolio looks quite good this month. My portfolio slightly perform better than both STI and HSI! (so happy lol, must keep it up) I have attached the 2018 performance table as follows:
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2018 PERFORMANCE
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|||||||
|
|
VALUE
|
|
SGX
|
VALUE
|
|
HIS
|
VALUE
|
|
Dec-17
|
100.00
|
|
3402.92
|
100.00
|
|
29919.15
|
100.00
|
|
Jan-18
|
100.43
|
|
3533.99
|
103.85
|
|
32887.27
|
109.92
|
|
Feb-18
|
98.23
|
|
3517.94
|
103.38
|
|
30844.72
|
103.09
|
|
Mar-18
|
98.14
|
|
3427.97
|
100.74
|
|
30093.38
|
100.58
|
|
Apr-18
|
98.41
|
|
3613.93
|
106.20
|
|
30808.45
|
102.97
|
|
May-18
|
99.70
|
|
3428.18
|
100.74
|
|
30468.56
|
101.84
|
|
Jun-18
|
96.80
|
|
3268.70
|
96.06
|
|
28955.11
|
96.78
|
|
July-18
|
98.41
|
|
3319.85
|
97.56
|
|
28583.01
|
95.53
|
I have bought Goldpac Group (HK) this month. The main reason is I believe that it is severely undervalue. It got huge amount of cash and good cash flow, yet it is trading at very low valuation. The company also issue good dividend. Anyway it is just a small position to increase my yearly free cash flow. As the table below shows, I still got around 37% of cash at the moment. I got many counters in my WL and going to buy them in slowly.
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|
Name
|
Percentage
|
|
Stock
|
|
|
|
1
|
ComfortDelGro
|
2.03%
|
|
2
|
Keong Hong
|
9.17%
|
|
3
|
TAI SIN
|
5.47%
|
|
4
|
STRAITS TRADING
|
29.53%
|
|
5
|
MINSHENG
|
6.97%
|
|
6
|
RIVERA
|
4.81%
|
|
7
|
Thomson Group LTD
|
2.11%
|
|
8
|
Goldpac Group LTD
|
2.26%
|
|
|
|
|
|
Cash
|
|
|
|
1
|
SGD
|
10.02%
|
|
2
|
HKD
|
13.36%
|
|
3
|
AUD
|
14.27%
|
|
|
|
|
|
Total
|
|
100%
|
In summary, I am planning to exchange some rmb first at the moment, and slowly buy in different counters. I am focusing on BOC Aviation, Minsheng Bank (HK), Keong Hong, Air China (SSE), YZJ...
