This month has been a very volatile month. At first I thought that Chinese New Year would provide an upbeat sentiment for the market, but the weak job market in US and the debt problems in Portugal, Ireland, Italy, Greece and Spain are upsetting any possible rally.
However, in my view, I see opportunity with FJ Benjamin at this point of time. In the big picture, economy is improving, though weak, but overall trend is still upwards. From the fundamentals, I believe that the earnings in 4Q09 will be better than 4Q08 with the improvement in economy. In addition, 4th Quarter is the festive seasons, I believe consumer spending will increase. From technical viewpoint, FJ Benjamin is oversold. Prices have been on the downtrend and it presents a good buying opportunity. Hence, I bought 6000 shares of it due to limited funds (though I hope to buy more).
Other stocks in my portfolio still experience volatility, especially Yongnam and Rotary which are experiencing downward selling pressure. It is only till the release of earning reports and profits did the share prices see some upbeat buying.
Rotary has announced dividends of 3.8 cents for FY09. It is payable in May. Soup Restaurant has also announced dividends of 0.35 cents for FY09. The payable day will be announced at a later date. Yongnam will be releasing its earning reports in March. Hopefully Yongnam will announce dividends, and I hope the uptrend will still continue and boost my portfolio to higher profits in March!
However, in my view, I see opportunity with FJ Benjamin at this point of time. In the big picture, economy is improving, though weak, but overall trend is still upwards. From the fundamentals, I believe that the earnings in 4Q09 will be better than 4Q08 with the improvement in economy. In addition, 4th Quarter is the festive seasons, I believe consumer spending will increase. From technical viewpoint, FJ Benjamin is oversold. Prices have been on the downtrend and it presents a good buying opportunity. Hence, I bought 6000 shares of it due to limited funds (though I hope to buy more).
Other stocks in my portfolio still experience volatility, especially Yongnam and Rotary which are experiencing downward selling pressure. It is only till the release of earning reports and profits did the share prices see some upbeat buying.
Rotary has announced dividends of 3.8 cents for FY09. It is payable in May. Soup Restaurant has also announced dividends of 0.35 cents for FY09. The payable day will be announced at a later date. Yongnam will be releasing its earning reports in March. Hopefully Yongnam will announce dividends, and I hope the uptrend will still continue and boost my portfolio to higher profits in March!
My Current Portfolio:
Lessons learnt: I still need to be more disciplined with my portfolio. Once I have set my targeted buying and selling price, I have to stick to it.
