Reduced: Ifast (1500 Shares)
Added: Hong Leong Finance and Uni-Asia Group
July Returns still positive, which is a surprise. Mainly driven by Propnex and UMS.
The rest closing near flat or having fell a little.
Year to Date Returns at 56.88%, which is definitely satisfactory considering the STI performed 12.79%
Rational for Change
1. Ifast- Quarterly Results has hit a speed bump. While there is growth year on year, it did not perform as well for quarter on quarter. As such, following a stellar performance since the start of this portfolio simulation, taking profit to go into other more tactical ideas.
2. Hong Leong Finance- Adding it on the back of a better result and better dividend following MAS Lifting of Dividend requirements. On the longer term, i prefer Sing Investments and Finance hence this is likely a short term tactical play.
3. Uni-Asia Group - Received a tip-off from a guru on Whatsapp that he is optimistic on Uni-Asia, as the saying goes, if its a local number and its on Whatsapp, its probably accurate. Jokes Aside, at this price i feel that there is sufficient upside for a gamble stake to be taken. If i do have the time and effort, will try to produce a write-up on more precise reasons in the following days. But the industry has done well since January 2020 and record breaking operating results from Uni-Asia Dry Bulk Segment should follow.