Portfolio review May 2024

Finally some interest in Hong Kong equities. Estimated reading time: 29 minutes

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

Finally, some positive news is coming out of Hong Kong. The index has rallied since April despite continued negative news flow. My portfolio gained +3.0% and is now +30.2% since inception in October 2021, equivalent to an IRR of +10.6%:

Chinese oil exploration and production company CNOOC hit another all-time high, and I decided to sell my shares in favor of other opportunities. Hong Kong restaurant operator Cafe de Coral announced profit numbers and they beat expectations. And Philippine win maker Ginebra San Miguel also rallied after positive earnings.

Here’s what my Asia-focused portfolio looks like as of 30 May 2024: