Portfolio review
Stocks in our model portfolio outperformed the benchmark index last week. Total market value for our basket of 16 stocks was up 3.74% to RM352,395, outpacing the FBM KLCI’s 3.03% gain.
Thirteen stocks in our portfolio closed with gains last week while two ended lower and one traded unchanged. Some of the bigger gainers include Malaysia Steelworks (KL) Bhd (+16.6%), Genting Bhd (+8.4%), DiGi. Com Bhd (+6.7%) and Pantech Group Holdings Bhd (+7%). At the other end, Al-Aqar KPJ REIT (-1.7%) and MyEG Services Bhd (-0.8%) were the two losers for the week.
Including our cash holdings, for which no interest income is imputed, our total portfolio value was up by a lesser 1.99% to RM649,608. Last week’s gains lifted our model portfolio’s cumulative returns since inception to 306% on our initial capital of just RM160,000. Nevertheless, we continue to outperform the FBM KLCI, which was up by about 123% over the same period, by some distance.
We bought 10,000 shares each in Media Chinese International Ltd and niche property developer, Magna Prima Bhd for a total cost of RM18,400. The acquisition pared our cash holdings to RM278,813.
Our cash holdings remain substantial, accounting for 43% of our total portfolio value. The relatively high percentage is primarily for prudence sake — reflecting our cautious stance on the market outlook in the near term.
Our total profits are very substantial at RM489,608, of which RM399,053 has already been realised from previous shares sales.
