Philip Chua Business Blog

Posts Tagged ‘portfolios’

STOCKS barely changed last week, with our portfolios edging up 0.4 per cent on average. The median gain was 0.2 per cent.

The lowest forward PE portfolio is the biggest gainer, advancing by 1.7 per cent. Two stocks contributed the bulk of the gain: China Fishery and Hong Leong Asia. The former popped 19.2 per cent while, the latter added 12.2 per cent.

Hong Leong Asia also helped lift the valu… more

EQUITY weightings of private clients’ portfolios are expected to remain elevated relative to bonds going into 2010, in a sign of continuing optimism over global growth and, in particular, growth in Asia and the emerging markets.
Strategists are less upbeat on fixed income assets, citing a backdrop of possible interest rate rises as part of central banks’ exit strategies.
So far, there are a number… more

THE weighting of Asean markets in most global portfolios seems small due to a perceived lack of investment opportunities, low liquidity and weak investor relations in the region, Singapore Exchange chief executive Magnus Bocker said yesterday.
He raised this point from an unnamed study of investor perceptions of regional markets that highlighted the attractiveness of Asean markets at the same time… more

Maybe, or maybe not.
It’s what a lot of experts are saying, and it’s what some of us who work at FSM believed will happen. So we liquidated a part of our portfolios and kept some cash, some of us as early as June 2009, and we waited for the correction to come so that we would have some cash to buy in when share prices fell.
… more

COMMODITY markets have had a pretty good run so far – gold hit a record US$1,070.40 per ounce over a week ago, while oil crossed US$80 a barrel last Wednesday.
Similar rallies were also seen in silver and the industrial metal copper.
Clearly, the US dollar weakness has a role to play in this as investors rebalance their portfolios to hedge against the American currency.
But beyond that, the good n… more

MOST of our portfolios ended lower as investors were sitting on the fence waiting for companies to report their third quarter earnings.
The biggest decline was posted by the one-year top losers portfolio which shed a significant 4.1 per cent. Investors took profits off a few stocks which had run up quite a bit since March this year. Among them were Ausgroup, Bio-Treat, China Oilfield Technology, … more

BUOYED by strong economic data as well as positive sentiment on Wall Street, all our portfolios put on decent gains last week.
Staging the strongest rebound was the one-year top losers portfolio. It added 4.4 per cent last week, bringing its gains since October last year till now to 92.8 per cent. Burwill, China Auto Electronics, China Oilfield Tech and Sinostar were among the top gainers in that … more

SMALL cap stocks steadied last week, leading to a slight rebound in our portfolios. But the average 1.1 per cent rise was far from enough to make up for the 7.5 per cent decline the previous week.
The portfolio with stocks which have seen the biggest upgrades among analysts as of October 2008 chalked up the biggest gain last week. It was up by 1.9 per cent. The star of the portfolio was China Tais… more

MONTH-END ‘window dressing’ when fund managers beef up their portfolios to put on their best face for their clients turned out to be something of a disappointment yesterday.
Nerves had been set on edge after consumer confidence in the United States fell unexpectedly last month, overshadowing signs of a stabilisation in housing.
This undermined markets in Asia, including Singapore. The benchmark St… more

OUR portfolios stayed rather resilient despite the correction in the blue chips Straits Times Index last week. Five out of six of our portfolios advanced. Only one – the lowest price-to-book portfolio – weakened. On average, the portfolios edged up by 0.6 per cent.
The largest gain last week was posted by the portfolio made up of stocks with the highest dividend yield. It climbed 1.7 per cent, tha… more