Wednesday, July 2, 2008

My stocks portfolio - Jun 2008

My overall portfolio were down by -18.45% by the end of June. The portfolio is almost one year old and the performance above does not include any dividends payout in the calculation. It is calculated simply based on market value and purchased value. When my portfolio gets older, I intend to compute its CAGR using Excel XIRR.

There were two transactions for the month of June.
Bought China Milk, price at $0.744
Bought Swiber, price at $2.618

I am impressed with the quarterly results of China Milk especially its business of operation which commands a very high net profit margin. There are not many companies which can achieve a net profit margin as high as 80%. China Milk is not in a capital intensive industry and that is a reason why they can command a higher margin.

China Milk specialises in the production and sale of pedigree bull semen, pedigree dairy cow embryos and raw milk. With the increasing consumer demand for healthier and nutritious foods and beverages in China, I believe the company can greatly benefit from the counatry's dairy industry in future. Furthermore, China Milk owns one of the largest herds of Canadian Holsteins in the PRC and that gives them a competitive advantage over the others.

I am also looking forward to hear how the new milk processing plant is going on. The new plant will definitely provide another stream of extra revenue to the company.

I have added another oil and gas related stock into my portfolio. I have been eyeing on Swiber for so long and finally decided to enter at the above price. I thought I managed to buy at the support level of around $2.5 but I was wrong. It went up a few days after I bought and fall below that support level. It looks like it is approaching the next support level at around $2.

Swiber technical analysis chart

A lesson to learn is that, it is not easy to capture at the lowest possible price. Anyway I intend to hold Swiber for long term due to its good growth and business outlook. I don’t wish to repeat the good points in here as you can easily find many reports on Swiber from various analysts.

I did not receive any dividend for the month of June.

NoStockModeUnrealised P/L
1ALLCOREIT CASH-27.89%
2ARA CASH-26.95%
3CHINA HONGXINGCASH-23.08%
4CHINA MILKCASH-3.23%
5COURAGE MAR CASH-14.18%
6COSCOCORPCASH-5.19%
7FIBRECHEM CASH-27.96%
8FSL TRUST CASH1.75%
9GEN INT CASH-11.31%
10JAYA HLDG CASH-14.16%
11KS ENERGYCASH-7.53%
12MACQ INT INFRA CASH-27.53%
13ROTARY ENGRG LTD CASH-42.61%
14TAI SIN CASH-33.54%
15SWIBERCASH-5.65%
16UOB-KAY HIAN CASH-23.50%
17VICOM CASH5.32%
18BH GLOBALCPF-25.06%
19COSCOCORPCPF8.92%
20SIAENGGCPF-21.44%

2 comments:

durio said...

that looks like head & shoulders (no, i don't mean the shampoo ;P ) ... more downtrend coming!

Mike Dirnt said...

yes you are right. but the support at $2 should be strong