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- - Portfolio Transactions (May 2023)
 

Updates for my Portfolio for May 2023

Recently at my work, it was announced that my company would be selling off their largest manufacturing plant (the largest in the world) as they do not foresee they are able to utilise the capacity in the near future. Quite concerning as this means that the projected pipeline and demand is really impacted. Really need to find ways to have other streams of income.

For my side project, I am currently sourcing another component now that it can proceed further. I also would probably be upscaling soon.

  • Buy Intel at 29.8982
    • Reasons/Notes
      • This is actually a punt from an area of my interest (CPUs and GPUs), where I feel that this is around the point where Intel should be bottoming out from their issues and should turnaround from here onwards. However, Intel seems to be betting everything on a specific goal, so could be a all-or-nothing play.
      • That being said, Intel's foundries are really catching up. I wonder if they can displace Samsung.
      • Looking to add again if it falls further.
      • Take note that this is a very very tiny position.
  • Buy Meituan at 130
    • Reasons/Notes
      • Just adding to my current position.
      • Growth have kinda slowed, the user growth has slowed but they are trying to increase revenue growth from the customer base with more transactions.
      • There's more competition as other tech giants such as Douyin and Tencent are following the Tiktok trend to sell stuff online, some including Tencent are looking into delivery.
        Valuation is kinda getting derated but it seems to be still doing well so will look to add further.
  • Buy Mapletree Industrial Trust at 2.26
    • Reasons/Notes
      • Just adding to my position.
      • The share price was falling because of the recent private placement and that the 3rd largest client (Cyxtera) filed for bankruptcy.
      • Hopefully it falls further so I can add more.
That's all for my money for now.
 
That being said, I see the market is slowing yet nothing really feels really cheap. Hope to see more opportunities soon.
 
I have place a small % of my net worth in crypto-assets.
 

Conclusion

My portfolio YTD is now 31.52% (not that representative yet), with the long term XIRR at -7.01% (w/o Crypto is -2.06%). Hopefully, the rest of 2023 is much better.

 
 
 
 

 

 

Thanks to my recent bonus, my cash position is currently at about 10%. Will continue wait for my cash position to accumulate while waiting. Let's hope I can get my numbers back on track.

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