Portfolio update May 2022
Solid contributions from Jardine C&C, CNOOC and Multi Bintang. Estimated reading time: 19 minutes
Disclaimer: This article constitutes the author’s personal views only and is for entertainment 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 at the time of publishing this article. This is a disclosure - not recommendations to buy or sell stocks.
The portfolio is up +7.8% over the past month and now +9.8% since its inception last October.
The largest positions performed nicely. Jardine C&C, CNOOC and Multi Bintang all went on nice runs.
I sold my entire position in Jardine C&C after it came close to what I consider to be its intrinsic value. It would never be a long-term holding since I have feared a future capital raise. Subsidiary Astra is firing on all cylin…