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Portfolio Update Dec 2022
By Investmoolah  •  December 1, 2022
To maintain exposure to the Chinese economy but yet diversifing across various industries, I have reduced my stakes in Wei Yuan/YZJ Finance/ICBC and spread across more companies due to a deep discount scenario during Nov arising from the communist party blunder in their management of lockdowns.
Added Xiaomi, Nanofilm, ISDN, Huya & PRIME US REIT. The first 4 had experienced a sell down due to the Communist Party Congress bearing bad market sentiments with the Poliburto promotions and China's strict lockdowns despite citizens protest.
I am banking on China to reopen and with that an uptick in its manufacturing capacity. Nanofilm and ISDN are companies I think that will benefit. Xiaomi's investment is due to anticipation that China consumers will spend more on electronics and lifestyle products once their disposable income returns. Huya is for its advertising revenue and exposure to the younger China demographic segment who have been hard hit with youth unemployment at 19.9%
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...
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