Main drag in returns comes from GKE. Apart from that, all other stocks showed positive performance.
GKE Results is kinda crap. The cement segment fell way short of my expectations. I will be surprised if it can be spun off.
Hong Leong Asia is the best performer in January. The recent listing of China Yuchai's major subsidiary on Hkex is actually a positive news. The key highlight is the 9 months results of its major subsidiary showing profit growth that is larger than the 6 months results.
Nam Lee - I wrote about the AGM here on investingnote. Interested folks can read on it.
Following this, i will be making a switch again to the portfolio to attempt a 'front-load'. Of course, i am not saying 12% isn't good enough but i will just continue to try to generate higher returns.
Engro is added while GKE is removed.
I must be crazy because GKE recorded bad results in China Cement Sector and i am going back to a company with high exposure in China and in similar sector.
But i think Engro is cheap when i strip off its China related assets (which are bound to be underperforming in 2H 2025 due to peers showing bad results and the flooding which may affected the already bad construction demand).
The vc assets and singapore/ msia cement is still strong and really under valued by market.
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