Summary For January 2021
Portfolio @ End of Jan21
January 2021 is another good month for my portfolio which gains 34.5%. It has exceeded my portfolio annual return target of 30%.
The main reason is SCIB again which rose 88% in Jan21 and it carries a huge percentage in my portfolio.
Anyway this is just paper gain and as of today it has dropped 20% in the last 2 trading days. Its bonus issue of warrants just ex-ed yesterday and will only be listed 2 weeks later on 16 Feb 2021.
Besides SCIB, technology related stocks in my portfolio also performed well in line with most tech stocks in KLSE.
Genetec, JHM & Krono's share prices increased 59%, 30% & 11% respectively, but Smetric-WA suffered a loss of 23%.
Supermax is another stock with positive return at 13%. Personally I'm quite excited in the future of this company, but I'm not sure whether its share price will continue to move up this year when more and more people get vaccinated.Supermax has just released its FY21Q2 result which registered RM2bil revenue and RM1.06bil PATAMI in a single quarter. This is very impressive for this once the smallest company of the "Big 4".
Other than those mentioned above, the share prices of all other stocks in my portfolio dropped.
January is not a good month in general for KLSE, as the KLCI index retreated 3.74% while most stock markets in the world are flying high. The restart of short-selling, MCO 2.0 and darurat all play a part.
In Jan21, I sold all my Scientex-WC since it unexpectedly limited up 3 times. I don't hold too many Scientex shares so the "free" warrants I got are only a little. The gain does not contribute significantly to my overall portfolio.
I averaged down myNEWS and with this I have completed my first batch of purchase in the stock.
As Covid-19 is getting out of control recently, it can only be bad news for myNEWS. The opening of CU stores should be delayed and its next quarter result might not be good.
I added Rhonema into my portfolio this month, even though PE wise, it's not that attractive.
I like its venture into fresh milk production business. Even though it has recently doubled its cows to around 170, it's still very far from Farm Fresh's >3,500 cows.
As it is still operating in a very small scale and the management has intention to grow the business, I think it has lots of room to grow. It even plans to have its own brand of fresh milk in the market.
Nevertheless, Rhonema only owns 49% in the fresh milk business.
February is financial report releasing month. All companies in my portfolio except myNEWS & Scientex will release their report in Feb21.
I don't have too much expectation this time. My main focus will still be on SCIB which is almost certain to post improved & record-breaking result QoQ.
The second unit of JAKS Hai Duong power plant has commenced COD on 25 Jan 2021, after the first unit achieved COD on 24th Nov 2020.
JAKS's FY20Q4 result will depend mainly on its construction profit especially from the Vietnam power plant, while its power generation will not contribute significantly.
However, we will see almost full contribution (~85%) from the power plant for FY21Q1 (Jan21-Mac21).
Since the previous quarter report of JAKS has a significant disposal gain, I don't expect it to better its previous quarter. Any profit will be good.
Of course I hope that all the companies in my portfolio can deliver improved results QoQ but I don't have very high confidence as Covid-19 might increase admin cost and reduce production.
POS is slow to dispose off its loss-making subsidiaries in aviation segment. I don't know how much impairment it's going to make again.
Its ground handling business will be negatively affected by the drastic drop in passenger flights. However, cargo handling is expected to do well as air freight demand increases due to lack of containers in sea freight.
Anyway, my focus now is to "defend" my gain in Jan21 for the rest of 2021, and work carefully to improve the gain if the overall market is favourable.
However, it seems like a mountain to climb as my portfolio gain already fell a lot in the first trading day of February!
http://bursadummy.blogspot.com/2021/02/my-portfolio-jan21.html
