Portfolio Update September 2018

Nothing special happened in September.. Except that I went to the Centurion Shareholder day trip. 

I sold YZJ in the month and recognized the gain in less than a month after I bought them. The share is trading at an even higher value at the time of writing but I got no regret. Recognized a 28% gain in less than 1 month is more than enough. 

I am thinking of transferring the Australian Dollar in my account back to Singapore Dollar, as I found the strength of the Australian Dollar is getting weaker. US-China tension might even have more negative impacts on it. Currently, I am sitting on a 4% loss for the Australian Dollar. 

In September I also received the dividend from Goldpac Group. I realized that the dividend credited into my Poems HongKong Dollar account is not subjected to the foreign dividend tax. 

 

As the table shown above, my portfolio was underperformed then STI, but outperform HSI. Given that more than 20% of my portfolio is Hong Kong shares, I think the performance is still acceptable. 

I wanted to buy Air China (SSE), but it rose around 20% in a month. This might due to the China National Holiday and investors expected that Air China will benefit from it. However, the oil price is still rising and CNY is still depreciating. I expect that the price of Air China will drop back to the previous level, as the extra income from National Holiday should already be incorporated into the share price as it is a yearly event. The price should not have so much reaction to this recurring event. Air China (HSI) only rose around 11% during the same period, and I expect HKEX investors are more rational so the price is also more rational than SSE price. 

Currently, US-China tension is at an interesting stage. Not sure when are they going to have the talk again, so we must still invest with cautions. 

I completed ACCA F5, F6 and F8 in September, and started to look for internships. Hopefully, I will be able to start my professional career as soon as possible, so I will also be able to collect more bullets. 

Another reporting season is coming soon. Let's see if there are any interesting one for us to put the funds on. 

Thank you.