It is the final month for 2010 and the dip in November seemed to be the correction and consolidation period for STI prior the final leg rally before the year ends. Despite further news from China on monetary tightening or the news of lowest jobless claims in 2 years from US, markets have been rangebound and rather unresponsive to the macroeconomic news due to the thin trading volume and the fact that many traders have settled their positions for the year.
The rally for the last month of the year boosted my portfolio to a new high as my unrealised paper profits increased by approximately 90.5% compared to the previous month. FJ Benjamin proved its worth with its 10% run up from its recent low. This boosted my confidence in this counter, especially with the Year-End sales and Christmas sales, I am sure the performance by FJ Benjamin for the quarter will be spectacular. Hopefully the great performance can be reflected in the share price soon.
The rally for the last month of the year boosted my portfolio to a new high as my unrealised paper profits increased by approximately 90.5% compared to the previous month. FJ Benjamin proved its worth with its 10% run up from its recent low. This boosted my confidence in this counter, especially with the Year-End sales and Christmas sales, I am sure the performance by FJ Benjamin for the quarter will be spectacular. Hopefully the great performance can be reflected in the share price soon.
In addition, with the rise in price of crude oil due to the extreme cold winters experienced in Europe and US, the share price of counters in the oil and gas sector were boosted as well. Rotary has once again returned to levels above $1.00. I hope in the new year the prospect for the oil and gas sector will be more bullish and Rotary can regain its long lost shine.
Mapletree Logistic Trust has also reached a new high for the year. The prospects for this counter is great with possible increase in rentals of industrial and commercial properties in the new year. The funds raised in the previous placement has been used in the acquisitions of all the four proposed warehouses and properties. With all the great prospects for this counter, I will definitely hold on to it for its growing dividends and further possible capital appreciation.
Overall, this year has been a great run for the stock markets flushed with liquidity and that has a positive effect on my portfolio. Based on the total accumulated capital used in investments for the year, the total average weighted return for the year (including dividends) is 13.1%. I am pleased and contented with the returns from my portfolio for the year. 2010 has come to an end and I hope 2011 will be a better year.
My Current Portfolio:
Performance for the Year 2010:
Lessons learnt: Homework is absolutely necessary to find value buys, and the best time to purchase such counters is when fear is all around. Although doubt and uncertainty sets in, be confident with the homework of analysis and study that has been done, just buy, hold and wait for the returns to be reaped.
