Portfolio Update July 2011

Market is doing rather poorly since mid of July 2011, mostly due to debt ceiling concern in the US and worsening debt crisis in western Europe. However, i dont think market will collapse anytime soon.

July performance was good in the first three weeks, thanks to CI Holdings strong performance due to acquisition of its main subsidiary, Permanis by Asahi Group. However, due to poor market sentiment in the last week, some of my holding has taken the hit, led by Mahsing and YTLPower-WB.

Overall, both of portfolio still outperforming KLCI index.

Portfolio 1 = +21.9% (CIH, Mahsing, Padini)

Portfolio 2 = +43.6% (CIH, SOP, YTLP-WB)

Portfolio 1

Portfolio 2