Friday, 16 March 2018

My investment return for year 2012


This blog is not only for writing and recording down what is happening now,
but also to review my past investment,
so today I will write down my investment return of year 2012,
which was the 2nd year I started to invest.

 My investment portfolio at 1st January 2012:
1)AEON
2)DLADY
3)F&N
4)NESTLE
5)PANAMY
6)PBBANK

 My investment portfolio at 31st December 2012:
1)AEON
2)AEONCR
3)DLADY
4)F&N
5)NESTLE
6)PANAMY
7)PBBANK

 My investment return for year 2012 was 31.8%.
This was mainly contributed by AEON which rose from RM7.24 to RM14.12,
(Looking at AEON which the share price is below RM2 now..........aiks.........)
DLADY which rose from RM23.40 to RM46.44,
and NESTLE which rose from RM56 to RM62.84.

 Meanwhile,
I also started accumulating AEONCR between RM10.04 to RM13.46,
after 5:1 Bonus Issue,
the closing price for year 2012 was RM12.24.

 Year 2012 also the year I started to use SMF,
but I was quite careful and not dare to use a lot at first,
so I only used a little of it until end of year 2012,
and it didn't help a lot in my return for that year,
if only I was dare to ALL IN with my SMF that year............................

 Since my return for year 2011 was 28% and 2012 was 31.8%,
also my S career went smoothly and income rose,
plus using a bit of SMF,
I achieved 6 figures value of investment portfolio at the age of 26.

 For that year,
I also learnt deeply that,
even heavy elephant also able to fly high.

 Thanks for read.................

 Hmmm.....
Feels like not enough if I stop right here,
especially nowadays the consumer stocks are so hot,
shares price of NESTLE even rose to RM150 above, then a big drop~

 Since everyone knows that I hold NESTLE shares,
so let's talk about it.

 I started to accumulate NESTLE shares since year 2011,
from RM46.70 until RM68.60 at year 2014, I kept accumulating.

 Near the end of year 2014,
there was a bear market,
and maybe I having pressure on capitals? Or changed my focus on other company?
(If only that time I started my blog and recorded down...........)
Anyway, 
I started to sell NESTLE,
I sold half of my holding between RM66.70 to RM74.

 Then,
I started to accumulate back NESTLE shaes,
from RM74.20 until RM79,
until NESTLE is more than 20% of my investment portfolio.

 Then what happened?

 At year 2017,
the financial result of NESTLE didn't see any good improvement,
so I sold a little at RM75,
then the shares price started to rise even the financial result was not that good.
Because of this weird phenomenon,
I started to sell more NESTLE,
I sold some at RM84, some at RM86, some at RM87, some at RM92, some at RM99, some at RM116, some at RM145.10 recently,
so actually I didn't enjoy a lot when shares price of NESTLE rose a lot this year..............

 Basically,
I sold too early....................

 Thanks for reading.






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我的2012年投资成绩


这个部落格，
不只是用来记录和写下现在的一切，
也是用来回顾我过去的投资，
所以今天就来写下我以前2012年的投资成绩，
也是我迈入投资的第2年。

 我在2012年1月1日的投资组合：
1)AEON
2)DLADY
3)F&N
4)NESTLE
5)PANAMY
6)PBBANK

 而我在2012年12月31日的投资组合：
1)AEON
2)AEONCR
3)DLADY
4)F&N
5)NESTLE
6)PANAMY
7)PBBANK

 当年的回酬为约31.8%。
主要归功于AEON从RM7.24上涨到RM14.12，（再看回现在股价低过RM2的AEON......唉........）
DLADY从RM23.40上涨到RM46.44，
NESTLE从RM56上涨到RM62.84，

 与此同时，
我也在RM10.04到RM13.46之间大量买进AEONCR，
5送一红股后的的股价为RM12.24。

 当年，
是我开始使用SMF的一年，
但一开始很小心翼翼，也不敢用很多，
到了年尾也只用了一点点，
所以对组合回酬没有什么提升作用。
要是当时就敢敢用SMF来ALL IN的话就好了...............

 当年，
我也因为2011年的28%回酬和2012年的31.8%回酬赚了不少，
再加上S的事业稳定并收入上升，
以及用了一点点的SMF，
让我在26岁的年龄时，就有6位数价值的投资组合。

 当年，
也是我深深地体会到，
大象也会飞天的一年。

 感谢阅.............

 总觉得，
就这么结束的话好像只有三分饱的感觉，
特别是最近消费股风风火火的，
NESTLE更是一度涨到RM150以上，然后又大跌。

 大家都知道我持有NESTLE，
所以就来说一说好了。

 我从2011年起，就开始累积NESTLE股票，
从RM46.70开始一直到2014年的RM68.60都在买进。

 不过2014年有大跌，
年尾时应该是我资金有点紧张，还是要换码？
（当时有开blog详细记录就好了..........）
所以开始卖出NESTLE，
在RM66.70到RM74之间卖掉了一半的NESTLE股票。

 之后，
我又在2016年开始累积回NESTLE，
从RM74.20到RM79之间，一直累积到占了我投资组合的20%以上。

 然后怎么了？

 2017年时，
NESTLE的业绩没有起色，
于是我在RM75左右卖了一点，
之后业绩都没有很大的进步，但股价却开始上涨，
因为这个反常的事情，
我开始一直卖NESTLE，
RM84卖了点，RM86又卖了点，RM87又卖，RM92又卖，RM99又卖，RM116卖，到最近RM145.10又卖了点，
所以今年NESTLE股价大涨，
但我并没有什么享受到..............

 现在看起来，
原来我卖得太早了..........................

 感谢阅读。

以上言论没有任何买卖建议，
大家买卖自负。


最近文章：
PANAMY 2018年第3季度财政报告
一股致富！
NESTLE 2017年第4季度财政报告
HUPSENG 2017年第4季度财政报告
F&N 2018年第1季度财政报告



其他链接：
2018年文章目录
2017年文章目录
我的2017年投资成绩
关于本人
我的脸书专页
我的推特：@TheCellist86





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Saturday, 10 March 2018

PANAMY 2018 3rd Quarter Financial Report


Today let's talk about PANAMY.

 First,
let's have a look at the latest financial result of PANAMY:

VERY GOOD.

 I remember that previous quarter result was quite bad,
so I am quite satisfied with the revenue and profit of this quarter~

 As for the segmental reporting:
There was a great improvement in Home Appliance products,
however the Fan and other products..............

 Looking back at my article about PANAMY 2nd quarter financial report which written at 30th November last year,
the management mentioned that by increasing marketing and promotional activities,
the sales of fan products will be improved.

 Did they fulfill what they said?

 I would say YES....
even though the revenue of fan products still less than last year,
but the gap between became smaller,
so yeah the increasing marketing and promotional activities were proven to be useful~

 As for revenue based on geographical location:
Very obvious that this year improvement in revenue was contributed by the Middle East market.

 Management's review:
The management mentioned that the sales of home shower products was higher because of cooler weather in Vietnam, Philippines and Malaysia.

 This is interesting though.

 If the weather is cold, more Home shower products will be sold.
If the weather is hot, more Fan products will be sold.
Now only I realized that the products of PANAMY hedged with each other~
LOL
Also,
like what I mentioned above,
the sales at Middle East markets recovered.

 Lastly, the prospects and outlook:
Even though there was recovery in Middle East market,
but the political uncertainties still a worrying factor.

 By the way,
the factory expansion didn't mention in the recent reports...........
I wonder what is going on........
Maybe only can find out at AGM around August this year.........

 Investment is about doing own thinking, making own decision.

 Thanks for reading.







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PANAMY 2018年第3季度财政报告


今天来写写PANAMY好了。

 上个月PANAMY释出的第3季度财政报告：

 很好。

 记得上一季的业绩特别烂，
所以看到这一季的营业额和盈利，令人挺满意的~

 产品分类方面：

Home Appliance products真的进步很多，
反观PANAMY的王牌风扇产品却......................

 看回我在去年11月30日发表过的PANAMY第2季度财政报告文章，
有提到说管理层有在加强促销风扇产品，
虽然风扇产品的营业额仍少过去年，
但至少与去年营业额的差距缩短了，
看来促销真的有效用~

 区域方面：
很明显，
今年的营业额进步主要来自中东区域。

 管理层的发言：

 有提到说因为越南、菲律宾和马来西亚的天气比较寒冷，
所以Home shower products卖得比较多。

 想想还挺有意思的，
天气冷，Home shower products卖得好。
天气热，风扇产品卖得好。
原来PANAMY的产品还挺有对冲性质~
就像上面我观察到的一样，
这边也有提到说中东市场的销售开始恢复。

 最后是关于未来的prospect：
尽管中东市场开始恢复，
但不稳定的政治局势仍是隐忧。

 话说最近的季报都没有提到扩厂的进展......................
看来要等到8月多的股东大会才会知道了.........................

 投资就是自己思考，自己做决定。

 感谢阅读。



以上言论没有任何买卖建议，
大家买卖自负。


最近文章：
一股致富！
NESTLE 2017年第4季度财政报告
HUPSENG 2017年第4季度财政报告
F&N 2018年第1季度财政报告
HARTALEGA 2018年第3季度财政报告



其他链接：
2018年文章目录
2017年文章目录
我的2017年投资成绩
关于本人
我的脸书专页
我的推特：@TheCellist86

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Sunday, 4 March 2018

Diversification VS Focused Investing


I supposed everyone heard this kind of story before:
SOMEONE focused investing at shares of a company,
then the share price rose for more than 10 times,
that SOMEONE invested successfully and became super rich,
a successful example of getting rich through shares investment!

 Sounded very encouraging, full of hopes, interesting, right?

 Of course,
old topic like buying Public Bank shares,
then hold it for many man years and became rich,
this kind of example I will not talk about it.
This is a way that everyone knew, everyone agreed,
but not a lot willing to do it~

 Actually not just Public Bank,
for the past 10 years, shares price of a lot of companies also rose a lot,
example like NESTLE, DLADY, F&N, AEONCR, LPI and so on.

 The latest examples which happened last year were KESM, HENGYUAN and so on.

 So here is the question,
even though you bought those shares that the price rose a lot,
but actually how much did you earn?

 After seeing the price rose,
of course we would say that we should ALL IN and focusing investment at that company,
but at that time before knowing the price will actually rise so much,
do you dare?

 If not dare and you only invest a certain portion of your capital into it,
how much can you earn?
If the capital is small,
you can only earn a few thousands only,
how to get rich?

 Of course,
I am here not to encourage everyone to simply ALL IN, simply focused investing.

 At the investment world,
there are a lot of debates between Diversification VS Focused Investing.

 Those who support Focused Investing will say that,
by focusing your capital, only the return of portfolio will be higher.

 However,
what if you focused investing at the wrong company?
All the years that you spent waiting for the price to rise,
aren't that all wasted?

 Those who support Diversification will say that,
by diversifying the investment, then the risk also diversified,
so if one of company that you invested bankrupts,
you will just lose not all but a portion of your capital.

 However,
the risk diversified, eventually the return of investment also diversified.
Let's say if I Focused Investing at AEONCR only last year,
then the return of my investment will be more than 50%........

 Are you actually willing to lower down your return of investment every year,
just to diversify the risk?

 Anyway,
there are some fixed impression at investment world that,
the story of getting rich by Focused Investing sounded more interesting.

 Why?
The reason is simple.
Which type of story is more interesting?
A normal boring story or an exaggerated interesting story?

 For example:
A. That girl has very thin waist and long legs.
B. That girl has a lower body like a snake.
Which example will leave a deeper impression, easier to stay in your mind?

 Especially long long time ago,
when there was no vocabulary and the ancients passed knowledge by telling story only,
which type of story will be easier for people to remember and pass to next generation?

 If that girl who has very thin waist and long legs came to modern world,
and found out that she became an existing which her upper body is human but lower body is snake in ancient story,
how will she feels about it?

 Ooops, I talked too far...........

 The thing is........
human A fully concentrated all the money and focused investing at T company only, then shares price rose a lot a lot, and A became very rich.
OR
human B diversified and invested at a few companies, every year earned good returns, and then became very rich.
Which story sounded more interesting and able to spread out quickly?

 I believe everyone heard this sentence before:
"Put all your eggs into one basket, and watch it carefully."
If you hold a lot of shares of the company,
or you are able to be director, then of course no problem.

 However,
as a retail investor,
there are many insider news that we wouldn't know about it.
If we still do Focused Investing,
it is like putting all eggs in one basket, then seal the basket in a black box,
you can only watch from outside the black box,
never get to know how are the conditions of the eggs inside,
even the eggs are rotten,
you wouldn't know.

 There is a certain kind of person,
which is definitely not suitable for Focused Investing.
The 25% of that person's investment portfolio were consisted of AEONCR shares,
then the shares price rose a lot,
until AEONCR took up 35% of that person's investment portfolio,
and that person started to have hard times to fall sleep at night...............

 Yeah right,
that person mentioned above, is me~

 Anyway,
even though I wrote a so much,
but it doesn't mean that I am 100% opposed to Focused Investing.

 It is just that............

 Before you deciding to go for Focused Investing,
did you consider every aspect of things?
Did you decide just because of a quote from a famous investor?
Did you decided after listening to a story?
Is that story really trustworthy?
Are your personality really suitable for Focused Investing?
Which investment method do you think is more suitable for yourself?

 Investment is about doing own thinking, making own decision.

 Thanks for reading.








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一股致富！


想必大家都有听过这样的故事，
某某人集中投资于某股，过后股价上涨了好几倍，
某某人也因此身家暴涨，投资成功，一股致富！

 听起来很激励，很憧憬，很爽，对吧？

 当然，
买个大众银行股票，守个几十年后一股致富，
这种老生常谈的话题我就不多说了，
毕竟这是很多人都知道，都赞同，但都不肯去做的事情~

 其实不要说大众银行，
过去10年来，很多股票都涨了几倍，
如NESTLE、DLADY、F&N、AEONCR和LPI等等。
远的不说，
去年股价涨几倍的就有KESM和HENGYUAN等等。

 可是问题来了，
就算去年买到暴涨股，
又赚了多少呢？

 现在看回去，当然是敢集中投资ALL IN，
可是当时，
你敢吗？

 不敢的话，
充其量也只是赚个几万块，
如何一股致富？

 当然，
在这里我并非鼓励大家乱乱ALL IN，随随便便就集中投资。

 在投资界里，
集中投资VS分散投资，
一直是个充满争论的话题。

 集中投资的人会说，
集中投资，组合的回筹才会提高。

 可是，有没有想过，
万一集中投资在错误的公司呢？
长达几年的等待，不就浪费了吗？

 分散投资的人会说，
分散投资，才能分散风险，公司出问题也不会亏很多。

 可是，
分散风险，也分散了回筹，
就像去年要是我集中投资于AEONCR，
组合回筹肯定超过50%...............

 每年都因为分散投资而压低回筹，
你甘愿吗？

 不过，
在投资界里的刻板印象是，
比起多股致富，
一股致富的的集中投资似乎更加吸引人。

 为什么？
理由很简单。
平凡枯燥的故事和夸张有趣的故事哪个更加吸引人？

 举个例子：
A. 眼前的女生有着纤细的小蛮腰和长腿。
B. 眼前的女生有着如蛇一般的下半身。
哪一句话会更加令人有印象，更加容易留在脑海里？

 特别是很久很久以前，
没有文字而只能以口相传的时代，
哪一个故事会更加容易让人记得，
并且一代接一代地流传下来呢？

 要是那个有着纤细小蛮腰和长腿的女生来到现代，
看到自己在神话故事里变成了上半身是人，下半身是蛇的生物，
一定会啼笑皆非吧！

 扯远了.........

 简单来说，
A靠着集中投资于T公司，股价涨了好几倍，一股致富。
和
B靠着分散投资于几家公司，每年赚取很好的回筹，多股致富。
哪一个故事更加吸引人呢？

 相信很多人都听过这句话：
“把鸡蛋集中放在同一个篮子里，好好地看着。”
如果你能够拥有大量的公司股票或进到公司的董事局里，那当然可以。

 不过，
像我们一般散户，很多公司内部的消息都不知道，
这种情况还集中投资的话，
就像把鸡蛋集中放在同一个篮子，然后把篮子放进黑色箱子里，
你只可以从外面看着黑色箱子，永远不清楚里面一篮子鸡蛋的状况，
就算里面鸡蛋坏了，你也不知道。

 有一种人，
是绝对不适合集中投资的。
那种人就是AEONCR原本只占投资组合的25%，
然后股价大幅上涨，
AEONCR变成占了组合的35%，
然后那个人晚上就开始睡不着觉了。

 没错，
那个不适合集中投资的人，就是我~

 当然，
我说了那么多，
并非绝对反对集中投资。

 而是说........

 在你决定集中投资之前，
你想清楚了吗？
你是听了哪一个投资名人的话语才决定集中投资？
你是听了什么故事才决定集中投资？
你听过的故事是真的可靠的吗？
你的性格真的适合集中投资吗？
你觉得一股致富还是多股致富更加适合你？

 投资就是自己思考，自己做决定。

 感谢阅读。



以上言论没有任何买卖建议，
大家买卖自负。


最近文章：
NESTLE 2017年第4季度财政报告
HUPSENG 2017年第4季度财政报告
F&N 2018年第1季度财政报告
HARTALEGA 2018年第3季度财政报告
我如何解释我的投资



其他链接：
2018年文章目录
2017年文章目录
我的2017年投资成绩
关于本人
我的脸书专页
我的推特：@TheCellist86




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