2011 - A new start

2010 was a busy year for me. The project work and constant OT took most of my time. However, I still manage to squeeze out sometime for investing.

2007-2008
Since the sub prime crisis, the global economy has gradually recovered. The pace of US recovery is still pretty slow and China has taken a bigger role in supporting global growth. When I think of my investment performance for 2007 to 2008, it was horrible. I was too late to cut loss and those stocks that bought during last peak were still 50% down. I hope I will do better going forward.

2011 outlook
The market will still go up in year 2011. We are no where near the peak now, since the confidence is still fragile and inflation just started to come back. What stock will do well is hard to say, as I am not a macro guy. My main investment theme is still China. That's where the strong growth going to come. Singapore tourism will continue to do well as more IR attraction will open. All the gambler in South East Asia will want to try their luck in Sentosa or Marina Bay Sands

My portfolio
Since second half of 2009, I have been gradually building up my portfolio again. Base on the experience accumulated for previous few years, I hope I am on the way for better performance in this cycle.

My top 5 holdings are
1) Hsu Fu Chi
2) Etika
3) China Animal
4) C&O Pharm
5) Eratat

For the past few weeks, Eratat lifestyle has started to move. It has gradually attracted market interest due to low valuation. I think there are two theme with the stock - i) stock re-rating ii) earning growth. It could be a multi bagger in making if the management is able to execute the growth plan well.

Beside that, I am confident that F&N and Genting SP will also do well in coming year. F&N rose a lot in year 2010, the upside might not be that great, but the growth plan for F&B sector is exciting and there is value to be unlocked from property segment. Genting will do well if the gambler continue to come in a big way.

I hope I can do more regular posting. To sum up year 2010,

Sometime the best stock is the one you already holding