By: Derek Lim
I have sold all 10 lots of Unifiber at $0.210 at a loss of 23.59%. However, I’m fortunate that my overall loss was not too affected as Unifiber made up only about 9% of my portfolio. However, in line with the market tumble this week, my existing portfolio is now at -6.13% and my returns for the year is at -4.97%, mainly brought down by a sharp decline in HL Finance. I still stand by my stance that HL Finance will do well.
With the spare cash I had from selling Unifiber, I have bought a 4 lots of Hiap Moh at $0.62. At first glance, it seems weird to buy a stock that has already risen over 70% since March 2007. However I have my reasons.