Friday, 12 February 2016

2016 Weekly Review - Week 6

The bad start to 2016 continues on to bad start to the Year of Monkey.  The fight against the Bear Army probably will turn into a long drawn fight.

The STI lost 3.2% on the 3 trading days this week and the Bear Army is pushing STI back towards 2,500 againMy portfolio done better, just declined 1.9% but my total lost increased to 4.8% at the end of the 6th week (not counting dividends collected).  

Considering that my portfolio had once declined more than 50% during the Lehman Bear Attack, so far this 2016 Bear Attack has produced only a minor blip on my portfolio.

My worst performing counter is still Keppel Corp, and it lost further ground to 38.2% its invested value.  Sembcorp Industries has lost ground this week and has lost 31.5% its invested value.  

These 2 counters are main contributors to my portfolio's decline.  Let's see how low Keppel Corp and Sembcorp Industries can go.  But I just do not think they could go bust.

A lot of counters are very tempting now and I know low could go lower.  Waiting for China's market to open next week, I did not buy anything this week.

Lastly, one good news for Saizen Reit, the special dividend declared already more than covered my invested cost.  So, the small punt on Saizen Reit is a profitable one.

No comments:

Post a Comment