Saturday, May 31, 2008

2008 Q1 Review

It's review time. Finally i get to see some good out of my investments. Did some funds transfer during the past 2 months, to re-allocate my funds. I am moving away from pure China funds now, although i still hold a large amount of them. Bought a new fund from SGAM few days ago, transaction is still in progress so i won't be posting any of the information yet.

Totally moved out of Schroder BRIC, the shifted does have an impact, my other funds are profiting again.

My funds holding & return

  1. Fidelity China Focus-SGD (-23.50)
  2. Fidelity EUR Agg A-SGD (+1.54)
  3. First State Glb Resources (+10.27)
  4. PRU Global Balanced Fund (+1.51)
  5. Schroder Asian Growth Fund (-7.52)
China Focus dropped a little in losses from -25.02 to -23.50, China is a NO for now. I will most probably shift everything from China Focus to other funds without these 2 months. EUR Agg is profitable at on 1.54%, but it is still better from my last reviews, -7.84 to 1.54, not too bad.

The best so far has to be FS Glb Resources, from loss making of -1.28 to profit making at 10.27, the rebounce is the fastest among all my other funds, and it helps in the overall P/L. Pru Glb Resource also recover a little from -3.22 to 1.51. Asian Growth is a little disappointing, it is still volatile, lots of price swings within the last 3 months, gone from -15.41 to -7.52. Nevertheless, my overall portfolio is recovering, but i am still at a loss, -3.51 as of today.

The China fund has brought down the portfolio performance, but overall performance is still OK compared to a total loss of -13.32 three months ago. Losses dropped by around 10%, not too bad for now.
My investment is getting a beating from US slowdown, asia markets did not decouple from US, unlike what i have read. I wonder if i will have enough money for retirement in 30+ years time given the growth rate of my retirement funds.
My stocks investments are still losing money especially Ecowise, it's the lousiest investments i have ever made. I would be happy if i could just breakeven for now.
My stock holding & return
  1. Ecowise Holdings Limited (-32.2)
  2. KTL Global (+20.78)
  3. Lian Beng Group (-20.73)
Ecowise impoved abit, from -42.37 to -32.2, KTL is profitable now at +20.78, i am still holding on and i may not sell away this stock soon but i am considering selling away Ecowsie and Lian Beng.
Total returns: -14.08
Hopefully by the time i write my 3 reviews, i am back with profits.

Tuesday, May 20, 2008

Summary
KPI, 2008 Q1



Biggest loss (Unit trust)
  • -25.02% Fidelity China Focus-SGD

Biggest loss (Stocks)

  • -42.37% Ecowise Holdings Limited

Best gain (Unit trust)

  • None

Best gain (Stocks)

  • None

Wednesday, May 14, 2008

Revamp

Looks cleaner now.

There some changes to my blog...

  1. Watchlist removed
  2. General post will be added

Unchanged....

  1. Quarterly reviews

2008 Q1 Review


I am late for this review which suppose to be posted on 01/03/08. The last quarter was bad, but the current quarter is less merciful to my portfoilio. Profit slipped further to -13.32%, biggest loser comes from Fidelity China Focus-SGD follow by Schroder BRIC Fund and Asia Growth. The loses from these 3 pulled down the performance of my whole portfolio.

All the funds have yet to recover from the subprime's ill effects.

My funds holding & returns
Fidelity China Focus-SGD -25.02
Fidelity EUR Agg A-SGD -7.84
First State Glb Resources -1.28
PRU Global Balanced Fund -3.22
Schroder Asian Growth Fund -14.18
Schroder BRIC Fund -15.41
Total returns: -13.32%

China Focus slides further from -16.70% to -25.02%, 1/4 of the capital was gone, but i do get some consolation from the same fund manager for EUR Aggressive fund, loses have reduced to -7.84%. First State Global Resources has also recovered and i believed that this fund is moving towards a positive note within the next 2 weeks.

Prudential fund is doing well too, my consolation for this quarter. The most disappointing funds are the Schroder's funds.

My overall portfolio returns still failed to brighten my day. China and India funds are the worst hit. I am looking to further diversify my Schroder funds and Fidelity fund into fixed income funds. I have yet to decide which fund to go into as of today.

My stock holding & return

Ecowise Holdings Limited -42.37%
KTL Global -9.09%
Lian Beng Group -7.32%
Total returns: -22.74%

Ecowise dropped, nearly half of my capital is gone. I received the Annual Report several weeks ago, i can't remember which day. Overall perfomance of the company is improving turning into positive profits from negative.

I managed to get KTL Global and Lian Beng on the same day after several missed attempts for the past few months. Got them at the price i wanted, current negative signs due to the cost of buying the shares.

Lian Beng is a good company while KTL yet to be proven for its share price, taking a little bit of risk here anyway the investment amount isn't big.

Next review in June 2008.
Current watchlist: GRP, Tat Hong, Sincere.

Monday, January 14, 2008

I promised a quarterly reviews on my portfolio each quarter but unfortunately my laptop broke down few weeks ago leaving me "handicapped", i am very dependant on my laptop to access information so it's quite frustrating for me when i can't use it at all.

The beginning of this year isn't too good for my portfolio. Actually, it started like in the last quater of 07 when my funds started to bleed, but have recover abit but still in the read. My only stock holding at this moment is in Ecowise Holdings Limited.

My unit trust portfolio is in the red, overall loses of -9.58% and individual funds perfermance ain't good. I have a total of 6 funds mainly in equities and mostly in the Asia region.My funds holding & returns

1.Fidelity China Focus-SGD -16.70 %
2.Fidelity EUR Agg A-SGD -10.19
3.First State Glb Resources -9.01
4.PRU Global Balanced Fund -5.53
5.Schroder Asian Growth Fund -4.92
6.Schroder BRIC Fund -9.36
Total returns : -9.58%

This is a very bad time for my portfolio. I have never made more than 5% of loses in unit trusts investing before and none of previous holdings have seen each and every unit trust losing money. But, i still believe that this is very temporary, a knee-jerked reaction from the sentiments that US may enter a recession and China's economy may burst especially after the Olympics, which i believe ain't true at all. US will not enter a recession and China will continue to grow but at a slower pace to prevent over heating at this time especially when the attention is turned to China and investments capital have shifted from US to India and China.

This is a very good time to buy cheap units as long as the holding power is there.

My stock holding & return

1. Ecowise Holdings Limited -37.2%

This is also a single and biggest lose i have incurred since the day i started buying shares. I bought this counter at 0.295cts, this stock is struggling at the bottom of the trend after a gap down. It is still consider cheap at 0.295cts but it's even cheaper if i buy it now at 0.215cts. Nevertheless, i can still hold on to this stock. I am not in the hurry to use the money now.

There are a couple of stocks i am looking at which could be found under Watchlist. I still believe it's a good time to consolidate some cash for investing.