Hock Lian Seng is a counter that I have reviewed extensively since my purchase in December 2016. You may read about the write ups here. Despite the counter providing annualized returns exceeding 50% since initiating the long position, I have decided to take advantage of the recent dip in share price to accumulate even more of Hock Lian Seng.

Equity: Hock Lian Seng Holdings Limited (SGX: J2T)

Business: Engineering, Building & Property Development
Markets exposed: Mainly Singapore
Stock exchange: SGX
Purchase price: 0.460 (resulting average cost of 0.404, inc. transaction costs)
Purchase month: November

Considerations:

1) Portfolio Balancing

I had written in June regarding my desire to increase my portfolio allocation to cash to at least 20% (here). Since then, I had indeed managed to raise my cash allocation through sales of Keong Hong and Tai Sin as well as consistent savings. Hock Lian Seng’s …