2024 portfolio review.

My beginning portfolio is quite similar with POTY 2024, however there were some changes throughout.

overall profitable at around 35%. The biggest performers were bumi armada, panda and mfcb.

Due to the intense schedule, I wasn't able to explore more counters. I continued the practice of assimilation of daily life into investment with the shortlisted counters that i am familiar with.

Cut loss part.
$OPTIMAX / 0222 (OPTIMAX HOLDINGS BERHAD) has been my counter of interest for quite some time (Targeted expansion, commendable vision and ever enlarging addressable markets). Through consolidated information, I believed it's a good counter for long term strategy. I entered at 70sen in august dip and decided to cut loss recently to make space for the counters that I have higher confidence with. it was my 4th largest holding.

Absolute luck.
$HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) : I observed the export trend of gloves and intco report, was targeting around 20% of profit space initially. Thanks to grandpa biden. I sold all during limit up.

Curi ayam (I only had rough picture on these counters, no deep dive)
SCGBHD and GDB. (Contractual play)

too greedy
panda Some discussion are ongoing regarding the e invoice earlier. I believe e invoice it's a new markets for business and accounting software as this would make the LHDN net bigger and more efficient. Trend is strong. However i was too greedy to make risk management , sold all at 32sen in Aug. 乐极生悲

Necessary steps to move on
$YENHER / 5300 (YENHER HOLDINGS BERHARD) sold all in May at 90sen. I did like their strong presence in local market, especially swine related business (which the worst is about to over) with quite favorable prospect, however their new plant, which was there main selling point , is currently progressing in a sluggish way. (note their targeted date of new plant operation have been postponed multiple times ). Findings from the unofficial site visit in penang was unsatisfactory. hence i am still quite skeptical on their targeted date of operation in the latest report. My points of buying is not getting solid anymore. hence the exit.
anyhow, they annouced BI after the QR, which sparkled some gorengbility.

Patience.
armada: armada has been my core holding since 2021 with few trades along. Consolidate the news, armada is currently undergoing a major shift of business it seems. I had some discussion with peers regarding the main direction of armada. We concluded that there might have some major move ongoing on bumi armada. (will be quite a long story to tell). I just started my exit strategy for profit taking.

MFCB and rhonema : not much explanations needed.

new exposure counters. these counters are closely to my daily life and encounters, hence i have better confidence on their fundamental.

Sabah counters made a strong presence in 2024 with debut of azam jaya, lwsabah and kti.

LWSABAH : May refer my precious thread.
KTI : quite a reputable local contractor / developer over decades. I am buying the trend of their flagship projects, which have superior locations, necessity and reasonable price. (Not too many developers are willing to make condo at prime location with RM500 per sq ft, KTI is commendable to launch their affordable home at 350k). furthermore, the construction is currently progressing well. However i do not have solid info that can form the basis of their valuation. I aim to to attend their AGM for decision of further plan.

among these 3, azamjaya is the counter I understood the most. I anticipate certain extent gorengbility but due to the recent state cabinet event, I decided not to risk.