Divested Keong Hong for a 11.2% annualized return
By 10% Per Annum  •  August 15, 2017
I wrote in early June about my plans to re-balance my portfolio (here). In summary, I had wanted to:

1) Increase cash position to at least 20% of my portfolio
2) Increase percentage of portfolio vested in companies with more resilient demand
3) Increase holdings only in companies with strong balance sheets

With my portfolio re-balancing plans in mind, I have divested my holdings in Keong Hong (SGX:5TT) at $0.48 per share to record a respectable 11.2% annualized profits. Together with an increase in savings over the past 2 months, my portfolio cash holdings has now increased from around 9% to 33%, thus fulfilling point 1.

Note: price includes transactional costs

Why Keong Hong?

Keong Hong's Mercure Maldives Kooddoo Resort had finally obtained its hotel operating license and will be open to guests in 2H'2017. They are also in the midst of constructing the Pullman Maldives Maamutaa ...
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By 10% Per Annum
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