Lunar New Year Stocks Portfolio Review 2023

 

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Ytd portfolio outperformed S&P, STI and HSI mainly due to my large Alibaba stake which price has increased 31.19% ytd. This bump up in price has help me recovered all my losses from 2022. Mentioned in my previous portfolio post, Alibaba owns alot of hidden assets that market still has no clue how large it could be. 

For example to give you a gist of how big Ant is, according to data from 2021, Alipay processed over $17 trillion in mobile payments, while Visa, Mastercard, and American Express processed a combined total of only about $10.2 trillion in card payments. Do also note that China is still a developing country with rapidly rising GDP per capita coupled with expanding middle class.

With this recent surge in China equities, my Alibaba position has now turned profitable(+5.2%) and Tencent has also turned profitable up close to 19%(excluding Meituan ex scrip). My top two holdings are almost 65% of my portfolio allocation, concentration risk is high, I have to take note of that. 

New stock entry: Haw Par

Haw Par is a SGX listed stock. It is trading at a price equals to its marketable securities net off total liabilities. This means, their Tiger Balm business, rental assets, Thailand aquarium and 600mil plus cash are free options for the company to maneuver around. Not to mention all these free options are profitable businesses. Tiger Balm sales are also showing clear recovery from covid. See how it goes.

New stock entry: Meituan(from Tencent script dividend)

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Posted by Scg8866t

1 comment :

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