Friday, December 25, 2009

2009 Review

2009 Review

Stocks that I have sold
Singapore Petroleum Company
China Milk Products
Genting Singapore

Original Purpose of the blog
To see if my portfolio can beat the STI (even though it is not the appropriate benchmark)
To see if I can double my investible capital $10,000 by end 2009, excluding dividend, after deducting brokerage

New Mission for the New Year
To track the growth in market value as at 31Dec-09 to 31 Dec-10
To see when is the exact date that the $14,000 grows into $28,000 after deducting for brokerage.

Stocks that I am currently holding not, in chronological order 

Action Asia
Small Malaysian company manufacturing the entertainment sets you see in most cars. I bought it because I has attractive valuations. It has the combination of low PE and good earnings growth. To bump it up, it has applied for TDRs and I think that is positive step even though the new shares issued is dilutive.

Its share price has held up well and will have to wait for its TDRs to start trading in Taiwan as well as for its FY results to be out before doing a more thorough review.

Asiatic Group
I love the idea that it is generating electricity in Cambodia. It will take some time to figure out the real contribution of power generation to its top and bottom line. Financing is also an issue. Nonetheless, it has secured good partnership and it is a stock worth one year's wait to see if its potential is revealed.

Share price has held up well and has heavy trading on some days which make me wonder a bit due to the small public float. Financial performance wise it is slightly below expectation but I will wait for a new set of results before deciding to do anything else.

One of my speculative stocks. I think it is the only bio tech stock in Singapore. i am not certain that it is worth investing. my judgment tells me that its presence in china and its superior trial data makes it a good bet, till at least when there is a better drug eluting stent to siphon earnings from its cash machine. please note that it has bonds due to refinance in November. 
One of the first few stocks that I have bought. I still like it and although I do not see the possibility that the company will declare dividends, it will be profitable for the coming full year. It has managed to avoid financing issues by issuing new set of convertible bonds.

Elite KSB
Very thinly traded stock. I like it because it is one of those boring stocks. heck, it is the only listed chicken processor that i know off. nonetheless, i know that the upside might be very limited. I see 26cents as the upper threshold. good management with clever acquisition.

Still remains very thinly traded and its share price has hardly moved anywhere. I think I will get some more lots in this company so that I can make it 10 lots in case anything, possibly good happens.

Etika International
Should have seen it earlier. took notice when i realised that Wilmar linked PPB group has a 5% stake in the company. thinly traded is also an issue but its revenue and bottom line look to grow exponentially as it tries to enter new markets.

I have a feeling that this will be a multi bagger despite having risen so much in the past year. But the funny thing is that the company has yet to announce the book closure date for its dividends. Will remain vested in this company for a long time.

FJ Benjamin
I borrowed $500 from my friend to buy 4 lots. I bought it blindly to follow cramer's advice of getting a retailer. in my opinion, its fortune traces the general stock market. i wish i had bought more of it but what it has done for me is sufficient.

After a brief jump in its share price somewhere in the middle of the year, it has rested at its current price for a while. I am keeping it till it gives me the signal that the economy will collapse again as I believe that this retail stock is a leading indicator.

GMG Global
this is my cyclical story. i like it for the fact that it has presence in Africa. it has had a rights issue and its share price seems to be stuck at $0.105-0.110 range. My guess is that it is a stock that will have many cycles and hence opportunities to get in and out.

Mildly disappointed with this stock and I think it could have been a mistake to pump in my money when I could have gotten out. I worked out my calculation and it seems to show that unless it can figure a way to double its earnings despite only a brief recovery in rubber prices, then its existing EPS might not be justified.

Another speculative stock. It is less cyclical now and has that certain vibe around it. this recent acquisition will be held on for a year as well. its technology is good. it might not be the best but due to the fact that defence agencies do not like to change the platforms, should mean repeat customers for its intelligent vision technologies.

This stock taught me the lesson not to buy a stock just because you read it on the news etc. I had the chance to unload it but my personality does not allow me to hold a stock for a short period. As such, now I am holding on to a stock that does not really move. Will have to wait to the new year and hope (which is not the correct thing to do) that it might be bought over.

TPV Tech
manufacturing LCD monitor and television. I hope it does not become another RCA. will have to watch and monitor the trends in television sales. the challenge from plasma is not there but LED becoming cheaper might give it a run for its money.

I am sitting on a paper gain on this counter. It had to one point risen to $1 then dropped back down when news that its supply chain my encounter some snags. I am keeping it because I cannot see an economic recovery without people getting more LCD TV.

I had only the money to buy this financial. I think im going to keep it for a while for its attractive dividend yield.

I really wonder why this stock does not appreciate in price like its peer Kim Eng. However, I sense that there will be a handsome dividend payout come the February.

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