Note 20: Nov Update


Nov 2018 is a month of relative calm (relatively) as the world comes to grasp with the uncertain nature of relationship between China and USA. We are looking at an overall MOM increase of 0.3% and a -6.1% YTD portfolio.
My opinion is that this uncertainty in the world economy will allow investors to have more opportunities to buy into good companies.
Singapore portfolio
Very much still on the negative right now with a negative 6.9% YTD compared to negative 1.1% (dividends inclusive). This pretty much sums up my belief that an index method is the best way for investor.
The Singapore stock market recovered slightly as the market stabilised slightly and with the belief that USA and China will reach an agreement.  The Singapore portfolio is also the main reason for the decline in the overall portfolio. For this, I blame it many times on the lack of focus in my pickings and a lack of guts to overhaul my approach.

Singapore Portfolio


Start of year
YTD
% Performance

SGD
SG SGD
STI YTD
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%
Oct-18
227,708.6
    210,604.80
-8.0%
-7.5%
-3.7%
Nov-18
227,708.6
    212,043.81
-1.1%
-6.9%
0.7%



HK and Greater China (Dragon Fund)
The best performer among my business. Reason is due to the focus approach (only buy shares with assets, low P/B, good cash flow and ability to pay dividends) and also the right quantity of stocks  (which is around 10-15). Overall, the YTD is now 3.9% (due to a decline in the Great Eagle counter) vs the benchmark decline of -1.5%.


China HK (HKD)
Start of year
YTD
% Performance
CN HK (SGD)
CH HK SGD
HS YTD
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%
Oct-18
49,777.4
      51,095.45
-13.5%
2.6%
-4.2%
Nov-18
49,777.4
      51,735.56
-1.5%
3.9%
1.3%

Malaysia (Nasi Lemak)
Biggest pain among all, the reasons for their underperformance has been highly documented. For the coming year, I will seek more funds and revamp the selection process.

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%
Oct-18
9,828.4
        7,189.69
-0.8%
-26.8%
-9.4%
Nov-18
9,828.4
        7,388.05
3.0%
-24.8%
3.9%

Vice Portfolio
This portfolio is once again affected by the negative news with FDA of America planning to ban Menthol. I believe that investors overreacted but only time will tell.
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%
Oct-18
15,591.4
      14,690.72

-5.8%
2.7%
Nov-18
15,591.4
      13,186.04

-15.4%
-10.2%



Overall
Decline ytd is 6.1% but I shall be retrospective on this as I am working on my sinking fund as we speak. I shall continue to be invested as per my methodology.

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%
Oct-18
302,905.8
283,580.7

-6.4%
-3.6%
Nov-18
302,905.8
284,353.5

-6.1%
0.3%

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