These are my current stocks holdings as of 30 April 08.
- Pan United
- Sarin
- Yongnam
- Taisin
- Sinotech Fibre
- Eastern
- Lifebrandz
- Sihuan
- China XLX
- FujianZY
- Sing Inv
- UIS
- China Sports
- Fibrechem
- HLN Tech
- China Pplus
- ARA
- Yongnam W121214
These are the key Portfolio Changes.
I sold off my stake in IFS, not for any negative reason. I still see the stock as an excellent defensive yield stock, and it had served me well in protecting my principal capital during these volatile months.
Thus my purpose of selling it is with the intention of using the proceeds to purchase other undervalued potential growth stocks, which I will identify during this reporting season.
7 comments:
Well done! Must have profited? since IFS ran up to seventy plus cents.
I think your portfolio has no core identity and look at this...you have YN warrants! I dont see even a classy bluechip!!
Dear anonymous,
My YN warrants were issued by the company due to my original stock holdings and not purchased off the market.
I also must apologise for being a phillistine and choosing to buy stocks because they are undervalued instead of classy.
undervalued never works, buying blue chips in distressed markets works eventually they all shine
if u base your picks on NAV, the question is that how the market ignores them in the first place?
I do not base my picks on just NAV.
If you bother reading my blog from the start, you will find that a good portion of my portfolio was bought at prices that have since doubled or trebled.
Any old fogey can tell you to buy blue chips when they are distressed. In theory that sounds good, but it is not as simple to apply.
And the last I checked, most old fogies have less money than me in their bank.
well done! congratulations!
I look at your porfolio and I think you're a man of guts! :)
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