May is always an interesting month.
As the saying goes, “Sell in May and go away”, this is attributed to the historical under-performance of stocks in the six-month period commencing in May and ending in October. Not surprisingly, the un-realised profits in my portfolio of stocks has almost been halved.
The quarterly earning reports from the companies in my portfolio showed a mixed bag of results. SMRT, SIA, Riverstone, Vicom and Colex were on the upside. Supergroup, Capitaland, Sarine Technologies, Golden Agri were on the downside. Of the latter group, I am slightly disappointed with Super Group’s results. Nevertheless, I took opportunity in the drop in its share price to add to my position in Super Group’s shares (albeit a small amount). The great stock sale is not here yet.
On the upside, the month of May has always been the month when I get a relatively large portion of dividends. So far I ......