My stocks portfolio - Mar 2008

STI dropped to a 1-year low of 2745.96 on 17 of March and I remembered my portfolio had suffered big losses too. As at end of month, including new transactions made my overall portfolio recovered to -15.69%.

There were three transactions done for the month of March.
Sold off Kim Eng for 11.3% gain
Bought Coscocorp, average price at $3.375
Bought China Hongxing, average price at $0.585

I decided to sell Kim Eng after I saw opportunity to take profit. That was shortly after Mitsubishi UFJ Secutities announced conditional partial cash offer to Kim Eng.

I bought Coscocorp with my cpf when it was trading below $3 last year. It went up all the way to all-time high of $8.2 and then down back to my purchasing price. Even though the up and down transition is painful to see, I take this great opportunity to pick up the stock again in cash as my fundamental views with Coscocorp remain the same. Despite the rising cost of raw materials which can dampen its ship building operation, I still believe its other operations like ship repair and marine engineering can contribute profitability to Coscocorp business as well. With plans on further expansion in consideration and already taking place, I see this stock as a winner in the long term.

The other stock I bought recently was China Hongxing which had dropped more than 50% from its previous high. This Chinese company is one of the leading designer, manufacturer and seller of sports shoes, sports apparels and sports accessories in China. The Erke chain of boutiques which is managed by China Hongxing has more than 3000 stores all over China. Erke is also China's top-selling tennis shoe brand by sales volume. China Hongxing has more to benefit with the upcoming 2010’s Shanghai Expo, 2010's Asian Games at Guangzhou and 2011's World University Games at Shenzhen. You can read an article over here for more details.

I received total dividends of $130 for the month of March.

No	Stock	Mode	Unrealised P/L
1	ALLCOREIT	CASH	-22.20%
2	ARA	CASH	-26.44%
3	CHINA HONGXING	CASH	0.85%
4	COURAGE MAR	CASH	-7.96%
5	COSCOCORP	CASH	9.33%
6	FIBRECHEM	CASH	-26.88%
7	FSL TRUST	CASH	-18.98%
8	GEN INT	CASH	-8.26%
9	INT-ROLLER ENGG	CASH	-21.47%
10	JAYA HLDG	CASH	-20.60%
11	MACQ INT INFRA	CASH	-27.07%
12	ROTARY ENGRG LTD	CASH	-36.15%
13	SINGHLDG	CASH	-48.98%
14	TAI SIN	CASH	-32.49%
15	UOB-KAY HIAN	CASH	-16.70%
16	VICOM	CASH	-6.87%
17	BH GLOBAL	CPF	-9.09%
18	COSCOCORP	CPF	25.60%
19	SIAENGG	CPF	-16.81%