Well, our dim sum portfolio, comprising a diverse range of stock picks, hasn't proven to be sizzling thus far.
After nearly a year of existence, the portfolio has returned a 1.7% loss compared to a 3.9% gain by the ST Index.
The 16 stock ideas came from 11 investors, hence it's a dim sum meal made up of various risk profiles, various return potential, etc.
But all are supposed to be "tasty" for some reason or other, and a few hold the promise of sizzling returns.
Here's how the stocks did and, boy, were there a number of big disappointments:
|
Stock |
Buy price |
Dividend (since July 2017) |
15 June 2018 |
Total % gain |
|
Alliance Mineral Assets |
0.32 |
|
0.335 |
4.7 |
|
Cityneon |
0.97 |
|
0.935 |
-3.6 |
|
CNMC |
0.26 |
0.002 |
0.26 |
0 |
|
Del Monte |
0.32 |
0.0061 |
0.178 |
-42.5 |
|
DISA |
0.013 |
|
0.009 |
-30.8 |
|
GSS Energy |
0.164 |
|
0.141 |
-14 |
|
HL Global* |
0.41 |
0.03 |
0.45 |
17.1 |
|
InnoTek |
0.38 |
0.01 |
0.355 |
-3.9 |
|
IPS Securex |
0.083 |
0.067 |
-19.3 |
|
|
Mandarin Oriental |
2.06 |
0.015 |
2.39 |
16.7 |
|
Nordic |
0.38 |
0.01526 |
0.505 |
36.9 |
|
Sayona |
0.07 |
|
0.043 |
-38.6 |
|
Singapura Finance* |
1.03 |
|
1.01 |
-1.9 |
|
SunMoon |
0.108 |
|
0.057 |
-47.2 |
|
Tawana |
0.24 |
0.385 |
60.4 |
|
|
United Global |
0.35 |
0.007 |
0.46 |
33.4 |
|
Average |
|
|
|
-1.6 |
|
*Singapura Finance was sold in Sept 2017 |
||||
The top gainers were:
♦ Tawana Resources (+60.4%) -- an ASX-listed lithium miner whose Bald Hill project has become the first Australian mine to produce lithium concentrate since 2016.
Tawana and its JV partner, Singapore-listed Alliance Mineral Assets, are headed for a merger in Sept 2018 with a pro-forma market cap of around S$450 million. 
Tawana and Alliance Mineral Assets are 50-50 JV partners at the Bald Hill lithium & tantalum mine, Western Australia.
Photo: Shaun Clark/LinkedIn
♦ Nordic Group (+37%) -- a service provider to several oil majors in Singapore. Nordic has won investors over with its consistent 20% earnings growth in recent years.
The big disappointments were Del Monte (-43%) and SunMoon (-47%). Both, coincidentally, are in the fresh fruit business.
Of course, whatever the gains and losses, they are not permanent. The million-dollar question: Which loss-making stocks might yet prove to be big winners?
|
Background: The starting batch of stock ideas in the Dim Sum portfolio was reported in DIM SUM PORTFOLIO: 1.72% gain in 3 months, Nordic was huge winner.
And each stock had equal weightage in the portfolio. |
