March 2021 Returns: 9.31% (Returns driven by Hanwell, UMS, Propnex, Ifast)
Year to Date Returns: 23.71%
% Change since 9 September 2020 (Inception): 36.55%
Overall it has been a very satisfactory 2021 March and a very satisfactory 1Q 2021 for the Excel Portfolio.
Hope this helps in some sense in debunking the myth that Singapore Market is a very difficult market to profit apart from the 3 banks.
Changes
made in End March
Removed 3000
Top Glove Shares (Value of 4560)
Added 12500
China Sunsine Shares (Value of 6562.5 based on 31 March Closing Price of 0.525)
Cash
Portion reduces by 2002.5 to 121
Change Rationale
Top Glove seems to have to many internal company problems in the industry that has seems to have its effects played out sooner than later. Initially a pick just in case Covid-19 got worst, it seems like Covid-19 vaccine story has played out much sooner and the problems with the company itself compounded and resulted in a very bad correction in its share price. An exit decision therefore has been reached.
China Sunsine is a pick as a proxy on the vehicle industry in China as well as the Chemicals industry proxy. With a decent 1Q expected and the recovery of the vehicle industry in China in 2021, it could reach its highs of recorded in 2018. Hence the decision to pick it up was made.
Other counters that made the list for change consideration but was not picked
1) Uni-Asia Group
2) QAF
3) Spindex Industries
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