Sunday, February 16, 2014

Semi-annual performance report for the period ended February 17, 2014

Disclaimer: The purpose of this article is to present the performance of my portfolio. This article does not represent advice to buy or sell any stocks. I may, at any time, sell some or all of the stocks that were presented or appeared in this article. There may be errors in my calculations.


Hi, I hope you guys had an awesome weekend. It took me quite some time, but I finally managed to put together this semi-annual performance report for the Greedy Dragon Portfolio. The first contract note I received for the purchase of shares was dated 29 August 2013, so I guess it’s ok to publish a semi-annual report. Preparing this report really reminded me of my university days when I was constantly working on assignments and flirting with bitches by playing the “blur guy” who needs help with his studies. While I may not have been hot with the ladies in my university days, I hope that I will be on fucking fire when it comes to my investments.

I have quite a few international (non-Malaysian) viewers, so let me quickly define the currency acronyms that I used in this report. RM = Ringgit Malaysia, IDR = Indonesian Rupiah, SGD = Singapore Dollar, US$ =U.S. Dollar and JPY = Japanese Yen. Now that we’ve got that out of the way, let’s get down to business. Here’s the summary of my performance:

Share price when purchased
Current share price
Share price gain/loss
Dividend per share (after taxes)
Total return (excluding transaction cost & forex gains/losses)
Current value of holding converted to RM 
Citizens & Northern Corporation
US$ 20 (250 shares)
US$ 19.46
-2.70%
US$ 0.146 per share
-1.97%
16091.96
National Bankshares
US$ 35.8 (130 shares)
US$ 36.50
1.96%
US$ 0.304 per share
2.80%
15695.04
Monster Beverage
US$ 52.09 (80 shares)
US$ 71.59
37.44%
37.44%
18943.86
Bank Rakyat Indonesia Persero
IDR 6750 (7,000 shares)
IDR 8725
29.26%
29.26%
17101.00
Tifa Finance
IDR 210 (200,000 shares)
IDR 525
150.00%
150.00%
29400.00
eBay Inc
US$ 50.32 (100 shares)
US$ 54.77
8.84%
8.84%
18116.27
Overseas Education Limited
SGD 0.82 (5,000 shares)
SGD 0.84
2.44%
2.44%
11002.87
Boardroom Limited
SGD 0.63 (7,250 shares)
SGD 0.575
-8.73%
-8.73%
10921.00
Kawan Food Berhad
RM 1.33 (6,000 shares)
RM1.95
46.62%
46.62%
11700.00
Kumpulan Fima Berhad
RM 2 (4,000 shares)
RM1.96
-2.00%
RM 0.071 per share
1.55%
7840.00
Prestariang Berhad
RM 2.80 (2,000 shares)
RM3.11
11.07%
11.07%
6220.00
KLCC Property Holdings Berhad
RM 6.09 (2,000 shares)
RM5.98
-1.81%
-1.81%
11960.00
Cash
54,397.00
       

Value of portfolio at current exchange rates
RM229,389.00
Initial investment capital
RM200,000
Portfolio return
14.69%

Stocks sold in the period
Share price when purchased
Share price when sold
Share price gain
Original investment (in RM)
Value when sold (in RM)
Total return (including transaction costs & forex gains/losses)
DeNA Co., Ltd.
JPY 2127
JPY 2223
4.51%
13964.96
13647.95
-2.27%

The Greedy Dragon portfolio’s 14.69% return over the past 6 months is good. The S&P 500 and the FTSE Bursa Malaysia KLCI Index gained 12.24% and 6.78% respectively over the same period. Of course, my performance means nothing yet as it’s only the long-term returns that matter. Some of you might have noticed that I’m holding a lot of cash (23.71% of my portfolio). I maintain a significant cash balance as I think that there are some serious problems in a few major economies which could cause a global sell off. I don’t know when the shit will hit the fan, but I want to be ready when it does. I plan to further increase my cash holdings in the near future.

The Greedy Dragon portfolio’s concentration risk is at acceptable levels.  The following is the breakdown of the portfolio’s geographical exposures as well as exposures by industry:

Geographical exposure
U.S.
30.01%
Malaysia
40.16%
Singapore
9.56%
Indonesia
20.27%

Exposure by industry
E-commerce & payments processing
7.90%
Banks & finance companies
34.13%
Consumer goods
13.36%
Professional services
4.76%
Real estate
5.21%
Education, training, software
7.51%
Plantation, manufacturing, bulking
3.42%
Cash
23.71%

Since my cash is deposited in Malaysian banks, I considered it as a Malaysian asset. Malaysian stocks made up 16.44% of my portfolio. I know certain companies like E-Bay and Kawan Food generates a significant amount of their profits internationally. But when calculating the portfolio’s geographical exposures, I treated those stocks as if they generated profits solely from the country in which they are listed (I guess I was just too lazy to perform additional calculations).


This wraps up the semi-annual performance report. Hopefully I can sustain superior returns over the long-term.  Thank you for reading. Take care and stay rational.

3 comments:

  1. Congrats bro! You have a pretty diversified portfolio from all aspects, be it number of holdings, countries and industries. Certainly your portfolio will do great over the long term. All the best and keep it up!

    P/S: What a home-run hit on Kawan Food :D

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    Replies
    1. Thanks man! I do hope to achieve superior returns over the long-term. Good luck with your portfolio too! See you during the CFA exams in June!

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