This month marks the end of the first quarter of 2012, and the Straits Time Index is back to above 3,000 levels. This is good news to traders and investors like me, as my portfolio's unrealized profits increased by approximately 11%.
Overall nothing much has changed to my portfolio within the month. The only thing that "shook" my portfolio was the law suit between the 2 groups of directors of the management of Soup Restaurant. This law suit caused the share price of Soup Restaurant to be very volatileduring this period of time. I hope this law suit will be settled soon and not result in any material impact on the fundamentals of the company.
At the end of the first quarter, another thing that worries me was the high sales volume of private property. From the launches and the high sale volume, the risk of implementation of new cooling measures by the government is increasing. I am worried that this will have more negative impact on the property counters, especially the property firms that concentrate mostly in the local high end property market, like Wingtai.
I believe the only strong positive boost was Singpost, whose share price rose to above $1.00 for the first time since its decline last year. This helped to boost the outlook of my portfolio and I hope that Singpost can stabilize above $1.00, followed by a gradual trend upwards again.
My Current Portfolio:
Lessons learnt: I need to understand more on the fundamentals of the company that I am investing in, so that I can take note when did the fundamentals change.
