2013 Investment Portfolio Review

My investment result is stumbled in year 2013.

KLSE went up 10.5% for the entire year 2013, and a lot of the counters have grew a lot more than that. However, I only managed to get 3% net return of my total stock investment in overall, including dividends.

From the look at it, fixed deposit and mutual fund return is a lot better than my investment portfolio for 2013. What a shame!

I did a review this morning and I concluded that not because I did not pay sufficient attention to the market, it's because I did not do sufficient homework.

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Masterskill Continues to be Loser?

MEGB (Masterskill) finally released it's latest quarter result today. Yes, as expected and predicted from all analysts, it is a very disappointed outcome.

MEGB's Q3 2011 net profit has dropped for almost 80% compared to previous Q3 2010, mainly due to poor revenue of 24% and continuously high expenses. High expenses is okay. But MEGB has started 3 consecutive quarter results with lower sales with higher expenses. And this quarter is the worse ever, due to the same reasons given in last quarter report.

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Masterskill, Pchem and Uchitec Discussion

Most of the Asia Indexes shot up today and KLCI is still facing a little bit of selling pressure, with -0.6 point as an ending this week. Overall, the gainers are more than the losers. As a result, we couldn't see cheap sale in the market like yesterday afternoon.

I did queue to buy 2 target stocks discussed on my previous post this morning, but they did not hit my target price. Did you trade any stock today? I'm thinking whether there will be any cheap sale on next week? Instead of wasting our time to predict the market, let's review on some of the companies' latest result.

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Why No Discount On My Target Counter?

KLCI index in red again for the 3rd consecutive day. According to the news, the local market went down 19 points today due to the concerns about more monetary tightening policies by China's government. It seems like not a new issue to us.

The big drop of the market supposed to be an opportunity for us to buy some. I did notice some big-cap counters having few percents correction, like CIMB and PCHEM. That's okay. However, when I look at my interested counter price, they didn't drop, at all. What a disappointment!

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What Faith for Masterskill?

I'm so sad and sorry, but this is just out of our control. MEGB (Masterskill) share price has been falling sharply for 3 consecutive days from RM2.50, 14% write off so far. Today is the worst day where it closed at RM2.15. With today closing price, MEGB PER is coming back again to 6. 

There is no change on MEGB fundamental and PTPTN resolution is found. In addition, the group also just obtained additional premises of Kota Bharu campus approval from MHEM. Why MEGB share price not goes up but slips? 

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My New Year Stock Portfolio Review

Happy new year to you. What a wonderful vacation I've in Taipei last week. I spent quite some money in investing in self-improvement books and CNY clothes. I hope they will bring me some returns in the near future. 

KLSE index has shot up to 47 point within 3 consecutive days with heavy volumes right after Tiger year. Some analysts said it's caused by foreign investment. May be, as yesterday and today volume has surpassed any trading day in year 2010. The market outlook looks bright.

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Newbie In The House

Wow, PCHEM's charm is irresistable! It took 41% of KLSE total volume today, at 0.64 billions. What a fat water for broker firms! Just too bad that the index is retraced today, and PCHEM is selling all the way from RM5.71 to RM5.30 and closed at RM5.31. Not as impressive as MHB but same fate as MAXIS.

That's the problem for large IPO in this country. The number of retail traders are not mature and the price is not cheap. The local market is not overwhelm by foreign investors but they are in the neighbor countries. In addition, the key fund managers already in during the IPO. So who else left to push up the price? Nonetheless, PCHEM debut is definitely a good news for KLSE. Welcome!

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Petronas Chemical Bhd

Tomorrow will be the day for PCHEM listing, which is Southeast Asia''s biggest IPO. It has the potential to outshine that of other big-capitalised firms in KLSE. According to Maybank IB research, they believe the share prices for PCHEM worth around RM6.64 per share, using discounted cash flow and PER valuation metrics, where OSK targets it to be RM5.51.

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