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.
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.
| No | Stock | Mode | Unrealised P/L |
| 1 | ALLCOREIT | CASH | -27.89% |
| 2 | ARA | CASH | -26.95% |
| 3 | CHINA HONGXING | CASH | -23.08% |
| 4 | CHINA MILK | CASH | -3.23% |
| 5 | COURAGE MAR | CASH | -14.18% |
| 6 | COSCOCORP | CASH | -5.19% |
| 7 | FIBRECHEM | CASH | -27.96% |
| 8 | FSL TRUST | CASH | 1.75% |
| 9 | GEN INT | CASH | -11.31% |
| 10 | JAYA HLDG | CASH | -14.16% |
| 11 | KS ENERGY | CASH | -7.53% |
| 12 | MACQ INT INFRA | CASH | -27.53% |
| 13 | ROTARY ENGRG LTD | CASH | -42.61% |
| 14 | TAI SIN | CASH | -33.54% |
| 15 | SWIBER | CASH | -5.65% |
| 16 | UOB-KAY HIAN | CASH | -23.50% |
| 17 | VICOM | CASH | 5.32% |
| 18 | BH GLOBAL | CPF | -25.06% |
| 19 | COSCOCORP | CPF | 8.92% |
| 20 | SIAENGG | CPF | -21.44% |
2 comments:
that looks like head & shoulders (no, i don't mean the shampoo ;P ) ... more downtrend coming!
yes you are right. but the support at $2 should be strong
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