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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:
