Jul 1, 2020

Cory Diary : End June Report - Portfolio Performance

After mute May Month, early June shows enthusiasm but the Market quickly starts to fizzles out by mid-June. STI ended Negative -19.6% YTD. This is one of the bad year to be in the market so far. Generally Banks, Telco, Commodity, Tourism, Transports and Oil related counters suffers. Oil related and Telco counters have been dragging their feet for years which the portfolio did well to avoid.

The market can be worst if people still don't go back to work and learn how to live with the Covid-19 virus. There seem no readily answers and continue to close the economy generally results in higher crimes rate, unemployment, home evictions, millions of unrelated deaths simply people cannot afford or able to seek medical attention for other illness. Social unrest becomes stronger and so is nationalism. 

What is even more critical is the Depletion of saving that can be use for investment to generate money for future retirements. A double blows. So is important for people who is yet ready for retirement to make sure they have a job and take the opportunity to buy the lows.

Cory Portfolio is at -2% which has 17% lead against STI currently as above chart. There is some timing trades this month. Basically SBS Transit lucky timing and the buy over of AGT golf courses. As I said previously, AGT investment mainly follow AK leads in earlier article. 

As for SBS transit, I thought the opening up will stop the downtrend which indeed it did. Since is a speculative trade, I have to take profit.

This are the 2 key events that partially help support the portfolio this month.




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