A point to consider is that whether there are changes to be made to the portfolio. After some considerations, i have decided to streamline the portfolio by a bit.
I have decided to remove Uni-Asia Group and Hotel Grand from the portfolio and put the proceeds into Powermatic Data.
Hotel Grand's rev par in its latest result was disappointing and my own estimates did not really work in predicting the company's results. As such i would be divesting it.
As for Uni-Asia, the broad market conditions suggest that 2H 2022 will underperform 1H 2022 and although the demand and supply conditions in the longer term is beneficial, i believe that there will be huge price fluctuations in the near future and it is likely to be negative rather than positive fluctuations. As a whole, results was good but prospects remain very challenging.
For Powermatic, the increase in cash position, clean balance sheet and a bonus if the property is sold or value realized makes it a no brainer to add as the business is being valued very cheaply considering the cash it holds. Adding it is something that makes sense to me and is something i want to do as well for some time.
As such the portfolio will look like this.