July lacklustre month
$GENM (4715.BMS)$ ontinues to drag down my overall portfolio profit. with 90% of my securities holdings placed in genting malaysia the sell down of genting malaysia this month pull down my overall profit
Nevertheless, l still choose to hold genting malaysia given its solid fundamentals, room for growth for Chinese tourists visiting malaysia which has yet to recover to pre pandemic level, decent dividend yield at around 5%.
entered $MALAKOF (5264.BMS)$ as I feel its business is beginning to turnaround and the fact that they are venturing into renewable energy which bodes well with the data center investments taking hold in Malaysia most of which would need a lot of electricity and preferably green renewables. $TENAGA (5347.BMS)$ has rallied which i missed so i am pinning my hope on $MALAKOF (5264.BMS)$
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Aspiring entrepreneur who wants to make investment as a second source of passive income
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Rocket up : if you are investing for long term can hold as they give dividend every year
104491587chinhow OP Rocket up : Yes will continue to accumulate as it dips
Rocket up 104491587chinhow OP : Yeah but be careful as now market very bearish
Azmie : wow thats some conviction there by having more than 90% of your portfolio in 1 stock.
104491587chinhow OP Azmie : Yes ! Haha
Azmie 104491587chinhow OP : nice. high risk but also high return.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")