Note 15: Sept Update


Note 15: Sept Updates
In the month of Sept, the portfolio suffers a slight decline of 0.7%, there wasn’t much positive news to look in Sept resulting in the lacklustre performance. The recent issue of potential trade wars is not helping wit the investment as well.
My current cash in total portfolio stands at 15%, with the majority of it being in the Singapore portfolio.
Singapore market
The Singapore portfolio has increased slightly due to the recent M1 news and it has boosted the performance slightly. However, ytd wise, I am still underperforming.
I have also been thinking about the allocation of this portfolio in Sept. While the HK portfolio is outperforming, the Singapore portfolio is sputtering mainly for a few reasons
·         Overdiversification
·         Shares which was bought years ago before the value approach has been applied, vis a vis the HK/Dragon fund
·         Cash drag
Moving forward, I am exploring of the idea of reducing the no. of shares in a more dramatic manner rather than my preferred method of divesting the unnecessary ones bit by bit.
Singapore Portfolio


Start of year
YTD
% Performance

SGD
SG SGD
STI
SG SGD YTD
MOM Port
Jan-18
227,708.6
    231,150.20
3.8%
1.5%
1.5%
Feb-18
227,708.6
    229,668.96
3.6%
0.9%
-0.6%
Mar-18
227,708.6
    227,103.15
1.0%
-0.3%
-1.1%
Apr-18
227,708.6
    232,084.87
7.0%
1.9%
2.2%
May-18
227,708.6
    225,337.60
3.0%
-1.0%
-2.9%
Jun-18
227,708.6
    215,468.62
-2.2%
-5.4%
-4.4%
Jul-18
227,708.6
    219,450.08
-0.2%
-3.6%
1.8%
Aug-18
227,708.6
    216,822.59
-2.5%
-4.8%
-1.2%
Sep-18
227,708.6
    218,720.13
-3.4%
-3.9%
0.9%

Hong Kong & Greater China
This portfolio is the saving grace for this year as been mentioned several times despite the challenges from the trade war. I would really like to think that the reasons for this outperformance is the value approached being applied. I am also fully invested in the market and it has also reduce my opportunities to invest in those share which I have been looking at.

China HK (HKD)
Start of year
YTD
% Performance
CN HK (SGD)
CH HK SGD
Hang Seng
Dragon SGD YTD
MOM
Jan-18
49,777.4
      46,179.31
10.6%
-7.2%
4.9%
Feb-18
49,777.4
      46,413.42
4.3%
-6.8%
10.6%
Mar-18
49,777.4
      51,034.04
2.2%
2.5%
10.0%
Apr-18
49,777.4
      51,319.75
3.9%
3.1%
0.6%
May-18
49,777.4
      53,544.07
3.5%
7.6%
4.3%
Jun-18
49,777.4
      52,703.63
-1.5%
5.9%
-1.6%
Jul-18
49,777.4
      53,371.44
-2.0%
7.2%
1.3%
Aug-18
49,777.4
      53,632.78
-4.7%
7.7%
0.5%
Sep-18
49,777.4
      53,308.55
-4.1%
7.1%
-0.1%


Malaysia (Nasi Lemak)
Still the biggest hear break and for obvious reasons mentioned previously.
I believe that the market still has lot of potential and the time frame will have to be around 5 years before I can see the fruits of the labour. The strategy is to consistently buy the value counters (plently) to around 10-15 and wait. For me, the challenge is to come up with the funds for it.

Nasi Lemak (Local Currency)

Start of year
YTD
% Performance

SGD
NL SGD
KLCI
Nasi Lemak SGD YTD
MOM
Jan-18
9,828.4
        9,825.05
4.3%
0.0%
-4.3%
Feb-18
9,828.4
        9,702.63
2.7%
-1.3%
-7.5%
Mar-18
9,828.4
        8,864.60
4.9%
-9.8%
-9.6%
Apr-18
9,828.4
        9,032.05
5.4%
-8.1%
2.5%
May-18
9,828.4
        6,113.52
-0.5%
-37.8%
-28.3%
Jun-18
9,828.4
        8,653.44
-3.0%
-12.0%
40.7%
Jul-18
9,828.4
        8,424.41
0.3%
-14.3%
-1.8%
Aug-18
9,828.4
        8,220.66
1.4%
-16.4%
-1.7%
Sep-18
9,828.4
        7,918.31
3.0%
-19.4%
-2.8%

I am looking at
·         Keck Seng
·         Cheetah
·         Golden State
·         Poh Kong
·         Gul Holdings
·         Kumpulan
·         Berjaya Asset

Vice Portfolio
The Merchants of Death(MOD) portfolio decline with further deterioration of outlook globally. This portfolio for me is a mixture of the “buy and forget” approach as well as an experiment. This portfolio is also a test of my belief in some of the loyal category of the CPG industry. We shall see how this work out in ten years.
Vice


Start of year
YTD
% Performance

SGD
Vice SGD

Vice SGD YTD
MOM
Jan-18
15,591.4
 $   15,455.76

-0.9%
-0.9%
Feb-18
15,591.4
 $   14,874.48

-4.6%
-3.8%
Mar-18
15,591.4
 $   14,795.76

-5.1%
-0.5%
Apr-18
15,591.4
 $   14,157.32

-9.2%
-4.3%
May-18
15,591.4
 $   13,983.42

-10.3%
-1.2%
Jun-18
15,591.4
 $   14,371.44

-7.8%
2.8%
Jul-18
15,591.4
 $   14,997.44

-3.8%
4.4%
Aug-18
15,591.4
 $   14,217.06

-8.8%
-5.2%
Sep-18
15,591.4
 $   14,309.12

-8.2%
-4.6%

Overall
Sept has decreased from a month on month perspective due to the reasons discussed above. Still monitoring and learning bout myself as well as the market.
Total

Start of year
YTD
% Performance
SGD
Total SGD

Portfolio YTD
MOM
Jan-18
302,905.8
302,610.3

-0.1%
1.6%
Feb-18
302,905.8
300,659.5

-0.7%
-0.6%
Mar-18
302,905.8
301,797.6

-0.4%
0.4%
Apr-18
302,905.8
306,594.0

1.2%
1.6%
May-18
302,905.8
298,978.6

-1.3%
-2.5%
Jun-18
302,905.8
291,197.1

-3.9%
-2.6%
Jul-18
302,905.8
296,243.4

-2.2%
1.7%
Aug-18
302,905.8
292,893.1

-3.3%
-1.1%
Sep-18
302,905.8
294,256.1

-2.9%
-0.7%

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