Tuesday, February 10, 2015

Jan 2015 Portfolio update: Strong Start

I am posting this update since I woke up too early to start work but cannot go for a swim as the pool is closed for maintenance.

Compared to the end-December 2014 portfolio of SGD 115,736 (inclusive of capital injections), the portfolio at the end of January 2015 gained 3.2% month-on-month to SGD 119,486, of which SGD 11,462 was cash.

The top contributor was Colex whose share price appreciated 9.6% month-on-month. However, there is a large spread between the buy-sell price and the gains are unlikely to be realised.

F&N and Petra Foods were the next two top contributors. F&N's share price appreciated 8.1% likely on hopes the company will announce a good capital return on the forced-sale of its stake a Myanmar brewery. Like Colex, Petra Foods has a large spread between the buy-sell price.

Super Group was the only loser of the six-stock portfolio, shedding 2.6% in share price. I remain hopeful that the company will post stronger earnings once the political situation in Thailand improves, although I am not going to average down.

I am eyeing KrisEnergy and Colex and potential targets to utilise the free cash.

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