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3: Malaysia REITs - Looking For My 2nd Durian Runtuh
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Decided to make adjustments on the way I blog & share due to time constraints and other commitments. In the coming weeks you should see them. Short updates but more frequent & concise.

Sunday, June 23, 2013

Aboi's Updates For July 2013

Here's the link for the previous month's market sense: Aboi's Updates for May/June 2013
For those who find it hard to follow I suggest reading through my previous posting on how I am using technical indicators as a trend seeker.
  1. First Attempt on Tech Analysis Part 1
  2. First Attempt on Tech Analysis Part 2

As was expected, after the election the feel good feeling has GONE WITH THE WIND. Based on Bursa historical growth rate I think Bursa will only top at most 1800-1850 by year's end (with the former more likely). Thus as mentioned in the previous month, "the rest of 2013 will a be TEST OF PATIENCE for many investors: retail and institutional". Since BN won re-election with rather dubious voting results market is not going to be THAT excited as there is nothing new to expect. I am setting two support lines @ 1700 followed by 1655 and resistance at 1795. Second my portfolio grew by another ~RM1000. As usual AMP Capital has good piece of information (freely available, no sign ups) on weekly global market & global economic update. It is usually updated every Monday morning so go read it when you have the time.
Portfolio composition. Equities 50%, Mixed Assets 15%, REITs 10%, Bonds 5% and Cash 20%.
Targets for returns p.a. Equities type 12%, Mixed Assets 8%, REITs 6%, Bonds 5% and Cash 3.75%.

*Income distribution of HwangDBS Select Income Fund 0.5 sen per unit
*Supermx: Final Dividend of 6% T.E

#1 No change to Aboi's rating thus far. 
#2 Portfolio target for third year @ RM128k for April 2013 and fourth year @ RM140k for April 2014. Third year target EXCEEDED!
#3 Will probably add a new counter in my portfolio in the coming weeks.

Disclaimer: The reports, analysis and recommendations in this blog are solely my personal views. I do not link to any investment body or company. As such, I will not be responsible of any of your investment decision. Consult your investment adviser or come to your own conclusions before making any investment decision.