With news of a vaccine coming out in November, most stocks have rallied in the portfolio as a return to value is seen in the month. Among all, Propnex, Centurion and UMS have performed very well.
Total Return since the start of the portfolio on 9 Sept is 11.45%
Stocks that have seen retracement include Top Glove and iFast.
Top Glove being a victim of the vaccine news and it has encountered some company problems as it workers have caught covid and it has spreaded within its factories affecting its productions.
IFast being a stock that has done well during the Covid Period has seen a small sell-down.
In terms of results release, Powermatic, UMS and Propnex all released their results in November
Powermatic- Stable results. Increase in inventory might signal something good in 2H
UMS- Continues the trend of good results. Dividend announcement a slight surprise but full year should remain good with semiconductor demand strong.
Propnex- Stable Results despite recent news of HDBs possible measures and it remains to be seen how Q4 will be affected by tightening controls on the re-issuance of options-to-purchase.
Despite the influx of cash and the above occuring, there will be no changes to the portfolio at end of November.
At December, Top Glove will report its results, that will probably be a deciding point of whether Top Glove will be rotated out.
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