Frankly, I haven't had time to do my watchlist due to many things on-going in life. Work started on a new project so trying to make best of the circuit breaker. In the mean time, just add accordingly based on whatever I have so far.
I am not hopeful about a promotion despite reassurance. I am looking at side gigs to supplement income, there's one that caught my eye and it is actually something I am very interested in (however in a completely different industry). Let's see if it works out.
This is the first month where other sources of income came in, namely from the sales of my books as well as some affiliate income. Thank you everyone who supported me! :) A small sum but it shows that something is working. Will look to sharpen the saw.
- Sell Dairy Farm International at 4.81 (Loss)
- Reasons
- Decided to switch to Alibaba instead
- Buy Alibaba at 200
- Reasons
- Switched from Dairy Farm to ride on China's tech that is more undervalued compared to US counterparts
- The recent cloud investment could be good for growth too
- Price/OCF per share is about 22x, average is about 27x so it is at a fair discount
- Buy Tencent at 409
- Reasons
- I admit that this is partly led by stress both from work and outside of work
- It is part of my investing theme as investing into China's tech
- I still think I should have got in at 250 a few years back, and 350 later on, yet now I buy at this price. I shouldn't have been so skeptical haha
- Current share price works to be about 41.5x PE based on last year's AR. Average PE is about 44x, so it is at a very slight discount
That's all for my money for now.
The economy looks pretty bad but the governments across the world are propping the markets (sadly). Seeing green everywhere actually.
I am still considering to average down on Silverlake Axis and GAPack but at the same time I hope to look for stuff in the payment/finance as well as tech segment to buy (it seems harder day by day).
Conclusion
The market has been stuck in a range except for US where it is going up.
There seem to be a huge disconnect especially in the US between share prices and what's going on on the ground probably due to the US stimulus. This coronavirus situation is really showing an ugly large ignorant population too.
YTD still losing less than VT but my long term performance is still bad. Hope everything is well by end of year.
My cash position is currently at about 10% after the purchases above. Probably keep an eye out for opportunities while conserving cash (there's still a balance transfer the size of 10% of my portfolio ready).
Working on my next project to go with my book to find other means of generating income to diversify my main income.
Related Posts:
- Portfolio Transactions Update (April 2020)
- Portfolio Transactions Update (March 2020)
- Portfolio Transactions Update (February 2020)
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