Aug 2022 – Portfolio Transactions & Updates

One quick look at the market and I knew it wasn’t a good month for the portfolio.

The market continues to be volatile going into the earnings season and some of the stocks didn’t quite perform up to the earnings expectations that they have announced. Furthermore, the Chinese and HK market continue to be very volatile in the wake event of the US-China tension that continues to dominate the headlines.

What I’ve been doing in the past couple of months is to accumulate a bit at a time, increasing my units per share and wait for the price to eventually recover over time.

On a personal front, it has been quite an eventful past couple of weeks for me.

Moving can be very hectic and there’s just so much to handle from the administrative front so this will be our focus for this week.

We haven’t been able to add the funds from the sale of our property back into the portfolio yet as it takes months to resolve (with OTP + 12 weeks to completion). Once it is all completed, I will update them into the portfolio when it is ready.

Back to the portfolio updates front, I have added just two for this month.

First, I have added more of Tencent at HKD 295 when they fall to break their last low this month. This was a deliberate decision to continue adding shares slowly each month into one of the strongest fundamental companies we have in China.

Shares of Tencent have been under tremendous pressure as they didn’t obtain the approval for new game release for the fourth month in a row. We still didn’t exactly know the reason but I remain confident that it is a matter of time.

I have also used this opportunity to accumulate for more Ping An shares when they dropped to their last low. Ping An is a very decent dividend type of play in my portfolio and at this price I think we are getting at a value type of play. Based on TTM dividend, it is now trading in at 6% yield.

The portfolio has been on a roller-coaster ride from last year and this year is no different.

This month, the portfolio continues to drop again below the $500k mark even while I continue to add positions into the portfolio.

I think this volatility will continue to stay throughout the rest of the year, so I’ll just keep that momentum of accumulating going for each month.

On a separate note, I am doing a new series of interviews in my blog and I am looking for people from all sorts of background who are not afraid to share their journey (whether it is career, past background, finance, investment, etc) with us. If you have an interesting profile to share (it does not have to do with finance background), please drop me a message and share it with me.

The first and second interviews should be concluded soon and you can see how it is done in the series if it fits what you are open to.