Portfolio review March 2024

Monthly update about my personal Asia-focused portfolio of stocks.

Disclaimer: This article constitutes the author’s personal views and is for entertainment and educational purposes only. It is not to be construed as financial advice in any shape or form. Please do your own research and seek your own advice from a qualified financial advisor. From time to time, the author may hold positions in the below-mentioned stocks consistent with the views and opinions expressed in this article. I have positions in all of the below stocks when publishing this article. This is a disclosure - not a recommendation to buy or sell stocks.

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Portfolio update

My portfolio was down slightly in March 2024, with a negative -0.2% month-on-month and +29.8% since inception in October 2021, equivalent to an IRR of +11.2%.

But underneath this seemingly stable performance, there’s been significant volatility. The Japanese stock market has been on fire while many Hong Kong small caps have continued lower.

The share price in CNOOC increased, potentially due to buying from government entity Central Huijin. L’Occitane also moved higher, with signs of a large buyer continuing to accumulate shares. It feels like something is about to happen at L’Occitane.

On the negative side, my Hong Kong restaurant stocks Cafe de Coral and Fairwood continued to almost 20-year lows, despite a strong top-line recovery following the end of the COVID-19 pandemic. Indonesian chocolate maker Delfi dropped further due to the challenge of higher cocoa prices, though I think they will peak soon.

Here is my current Asia-focused portfolio as of 29 March 2024: