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Thursday, March 22, 2018

Portfolio Updates, 2018 First Quarter

The market continues to be kind to my little portfolio. As of 22nd March 2018, the scoreboard is as such, year-to-date:
STI ES3: +2.67% (from Stocks.Cafe)
(STI ES3, from my own calculation, returns 0.053 in dividends, and stands at 3.49, which means it is 3.543. It started at 3.48 this year. Is the actual returns 1.81%?)

Hang Seng Index:  +1.82% 
(this might be wrong, I just did my own maths; no idea about the dividends either.)

My own little fund: about 11.12%, inclusive of dividends. 

The reason for including the Hang Seng index is because a third of my portfolios are now parked in HKEX securities. I found a couple of good opportunities there as well as took the advice for one of them. 

I will write about some of them soon.

None of my holdings are bought based on promising macro news brought about by the media or the brokerages. You will find no Hi-P, AEM, Best World, Delong, etc. Most are picked for their cheapness rather than their shine. I have some confidence that I should be able to do well in the future, since picking stock this way is a) not an activity enjoyed by the majority and b) produce relatively pleasing returns as expounded by value investing principles.

Unlike a typical classroom environment, where students compete to be #1, I am fine with finishing between #10-15 in a class of 40. Returns from investments will not differ too much from general market conditions (unless I really turn out to be smarter than I thought...).

Tuesday, March 6, 2018

A simple look at HRNetGroup

HRNetGroup is a human resource provider that has announced results recently.
What surprised me is that amount of cash on hand at the moment, a good 289m.
That translate to net cash position of 289m - (all liabilities) 54.698m= $0.2317 net cash per share.

The market is offering us about $0.78 per share. If we take away that figure by net cash per share, that translate to about $0.548252 per share.

Net income goes to 46.342 or $0.04582 per share.

That translate to about a PE of 11.9.

Provided this company continues to do well, I think there is a good chance of undervaluation.

Apr 2024 Portfolio Update (Hong Kong Recovery, Cordlife Teaser)

Don't ask me why there is a shoe missing. Maybe it reflects a missed opportunity on Anta Sports.. Topics Discussed: -Recovery of Hong Ko...