My portfolio as at 1 July consists of the following stocks: AIMSAMPREIT, Eratat, Heeton, Hongwei, Leader Environment, Qingmei, Sabana and Techcomp
Sold: China Taisan
China Taisan is sold due to its poor Q1 results.
Bought: Sabana Reit
Intiate a stake in Sabana as it provides around 9.5% dividend yield.
Added: Qingmei, Leader Environment, Heeton and Eratat,
Leader is added after its good Q1 results. Qingmei is added a few times at various price points as its price slides. Eratat is added twice recently when its price goes below $0.18. Both Eratat and Qingmei are added because the lowered prices offer better value to me.
I have re-purchased a portion of the Heeton shares that I have sold earlier, as I think that the government measures may not have that large impact on high-end property prices. In view of possible new government measures, I have not bought more property stocks. As the CEO has personally bought more Heeton shares recently, hopefully this counter will turn out well.
Qingmei and Eratat are my largest shareholdings.
My year-to-date returns has worsen to -28.4%. Nonetheless, I can live with the loss, as I know that I will have large drawdowns at times. The occassionally large drawdawns are because I run a concentrated portfolio.
Having a concentrated portfolio implies that I am aiming for more returns at the expense of higher risk. This high risk/hopefully higher rewards approach is my personal preference.